Boy Scouts of America 438 Dan Beard

“Several board members work for the same company or affiliated companies. Also, several bankers, lawyers and others work for organizations that conduct business with the organizations that employ other board members.”

“The executive board of the boy scouts of america - council 438 dan beard established and created the trust fund and shall be its governing body. The council has the power to appoint and discharge the trustee as it deems appropriate and subject to the provisions of the charter, bylaws and rules and regulations of the boy scouts of america, gives broad powers to the trustees as enumerated in the agreement of the trust, to administer the fund.”

“Active members may elect members at large, regular members of the executive board and officers of the corporation other than the scout executive.”

“Park national bank, as co-trustee, arranges for the preparation of form 990. Returns are submitted to pnc bank for review prior to filing.”

“The scout executive monitors and reports to the board chair any possible areas of conflict. The council had no reported conflicts in 2021.”

“No officer or director compensation is paid from the boy scouts of america council 438 trust fund.”

“No officer or director compensation is paid from the boy scouts of america council 438 trust fund.”

“Materials are shared upon request.”

“Income Taxes: The Organization follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to consolidated financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more-likely-than-not" to be sustained if the position”

“were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged.”

“The Organization is exempt from federal income tax under Internal Revenue Code (the "Code") section 501(a), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus;”

“and to identify and evaluate other matters that may be considered tax positions. The Organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements. In addition, unrelated business income is not material.”

“ROUNDING ADJUSTMENT”