Civic Intelligence

Old Hickory Council Inc

990 • Fiscal year 2020 • EIN 56-0529985

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

6600 Silas Creek PkwyWinstonsalem, NC 27106

(336) 760-2900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.09x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.37x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

6th percentile

-64%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$198,211

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

7th percentile

-9.8%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-46%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,251,163

Down $676,718 (-9.8%) from 2019

Net Assets

Down

$5,676,033

Down $861,228 (-13%) from 2019

Liabilities

Up

$575,130

Up $184,510 (+47%) from 2019

Revenue

Down

$1,550,056

Down $1,321,891 (-46%) from 2019

Expenses

Down

$2,539,178

Down $583,280 (-19%) from 2019

Net Income

Down

-$989,122

Down $738,611 (-295%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,477,712Liabilities 2010: $273,946Net Assets 2010: $6,203,7662010Assets 2011: $7,487,739Liabilities 2011: $237,418Net Assets 2011: $7,250,3212011Assets 2012: $7,572,357Liabilities 2012: $268,960Net Assets 2012: $7,303,3972012Assets 2013: $7,371,359Liabilities 2013: $167,477Net Assets 2013: $7,203,8822013Assets 2014: $7,085,140Liabilities 2014: $196,461Net Assets 2014: $6,888,6792014Assets 2015: $6,891,051Liabilities 2015: $194,040Net Assets 2015: $6,697,0112015Assets 2016: $6,992,923Liabilities 2016: $205,032Net Assets 2016: $6,787,8912016Assets 2017: $7,166,830Liabilities 2017: $280,297Net Assets 2017: $6,886,5332017Assets 2018: $7,043,638Liabilities 2018: $461,288Net Assets 2018: $6,582,3502018Assets 2019: $6,927,881Liabilities 2019: $390,620Net Assets 2019: $6,537,2612019Assets 2020: $6,251,163Liabilities 2020: $575,130Net Assets 2020: $5,676,0332020Assets 2021: $6,751,394Liabilities 2021: $1,407,221Net Assets 2021: $5,344,1732021Assets 2022: $5,235,864Liabilities 2022: $251,111Net Assets 2022: $4,984,7532022Assets 2023: $5,097,569Liabilities 2023: $235,286Net Assets 2023: $4,862,2832023Assets 2024: $5,413,444Liabilities 2024: $210,527Net Assets 2024: $5,202,9172024

Highlighted filing

2020

Assets$6,251,163
Liabilities$575,130
Net Assets$5,676,033

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $4,060,700Expenses 2010: $3,595,824Net Income 2010: $464,8762010Revenue 2011: $4,598,509Expenses 2011: $3,404,229Net Income 2011: $1,194,2802011Expenses 2012: $3,325,6012012Revenue 2013: $3,120,620Expenses 2013: $3,295,841Net Income 2013: -$175,2212013Revenue 2014: $2,790,386Expenses 2014: $2,985,206Net Income 2014: -$194,8202014Revenue 2015: $2,848,615Expenses 2015: $3,030,653Net Income 2015: -$182,0382015Revenue 2016: $3,136,339Expenses 2016: $3,023,451Net Income 2016: $112,8882016Revenue 2017: $2,988,551Expenses 2017: $3,029,085Net Income 2017: -$40,5342017Revenue 2018: $2,933,267Expenses 2018: $3,099,687Net Income 2018: -$166,4202018Revenue 2019: $2,871,947Expenses 2019: $3,122,458Net Income 2019: -$250,5112019Revenue 2020: $1,550,056Expenses 2020: $2,539,178Net Income 2020: -$989,1222020Revenue 2021: $3,453,289Expenses 2021: $2,563,846Net Income 2021: $889,4432021Revenue 2022: $2,591,992Expenses 2022: $3,910,241Net Income 2022: -$1,318,2492022Revenue 2023: $2,842,379Expenses 2023: $3,056,312Net Income 2023: -$213,9332023Revenue 2024: $3,663,425Expenses 2024: $3,412,304Net Income 2024: $251,1212024

Highlighted filing

2020

Revenue$1,550,056
Expenses$2,539,178
Net Income-$989,122
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.0
Gross Receipts
$2,293,764
Mission and Program Overview

Mission

The corporation shall promote, within the territory covered by the charter from time to time granted it by the boy scouts of america and in accordance with the congressional charter, bylaws, and rules and regulations of the boy scouts of america, the scouting program of promoting the ability of boys and young men and women to do things for themselves and others, training them in scoutcraft, and teaching them patriotism, courage, self- reliance, and kindred virtues, using the methods which are now in common use by the boy scouts of america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,791,243$3,497,830▼ $293,413
Investments in Publicly Traded Securities$1,656,925$1,792,206▲ $135,281
Savings and Temporary Cash Investments$1,144,465$765,533▼ $378,932
Accounts Receivable$164,666$100,874▼ $63,792
Inventories for Sale or Use$109,877$49,363▼ $60,514
Prepaid Expenses and Deferred Charges$29,465$25,988▼ $3,477
Pledges and Grants Receivable$30,740$19,135▼ $11,605
Cash and Non-Interest-Bearing Accounts$500$234▼ $266
Total Assets$6,927,881$6,251,163▼ $676,718
Liabilities
Unsecured Notes Loans Payable-$237,965-
Other Liabilities$148,893$156,583▲ $7,690
Accounts Payable and Accrued Expenses$111,487$99,591▼ $11,896
Mortgage Notes Payable Secured by Investment Property$78,873$51,101▼ $27,772
Deferred Revenue$51,367$29,890▼ $21,477
Total Liabilities$390,620$575,130▲ $184,510
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,176,932$5,326,774▼ $850,158
Net Assets With Donor Restrictions$360,329$349,259▼ $11,070
Total Net Assets Fund Balance$6,537,261$5,676,033▼ $861,228
Total Liabilities and Net Assets / Fund Balance$6,927,881$6,251,163▼ $676,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,281,557$5,848,095$8,129,652
Equipment$136,694$916,987$1,053,681
Land$1,007,233-$1,007,233
Leasehold Improvements$72,346$275,309$347,655

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,728,185-▲ $222,702$96,505$1,824,524
2019$1,565,510$23,908▲ $234,748$66,427$1,728,185
2018$1,754,401$28,647▼ $93,346$95,409$1,565,510
2017$1,559,571$100,750▲ $190,023$67,648$1,754,401
2016$1,457,653$65,066▲ $61,690-$1,559,571
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jacob Andrew ArmstrongScout ExecutFT$142,025$56,186$198,211
Jacob Andrew ArmstrongScout Executive-$142,025$56,186$198,211

Board Members and Trustees

NameTitle
See Attached ListBoard Member
Bill OrrCommissioner
John LoftisExec Vice Pr
David Hinton CPATreasurer
Robert RogersVP - at Larg
Steve BumgarnerVP - Marketi
Tim DavisVP-at Large
Paul CorcoranVP-camp & Ou
Robert Turner SrVP-dist Oper
Alan ProctorVP-fund Deve
Dudley WattsVP-governanc
Darrell WalkerVP-learn Fo
Bob SeehausenVP-membershi
Revenue and Support

Revenue Composition

Contributions and Grants
$596,816
Program Service Revenue
$863,925
Investment Income
$94,808
Other Revenue
$-5,493
All Other Contributions
$439,613
Change in Net Assets
$-989,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,535,177
Revenue Not Reported on Financial Statements
$14,879
Revenue Not Reported on Form 990
$130,252
Total Revenue per Audited Statements
$1,665,429
Total Revenue per Form 990
$1,550,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,339,319
Other Expenses$1,193,279
Total Fundraising Expense$102,188
Grants and Similar Amounts Paid$6,580
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$779,101$65,095$37,912$882,108
Depreciation Depletion$260,881$32,845$19,081$312,807
Other Employee Benefits$184,383$19,468$11,319$215,170
Current Officers, Directors, Trustees, and Key Employees$138,109$10,863$6,207$155,179
Occupancy$102,284$2,432$1,412$106,128
Payroll Taxes$76,244$6,716$3,902$86,862
Travel$58,419$5,942$3,453$67,814
Insurance$45,900$4,946$2,874$53,720
All Other Expenses$40,626$3,050$1,880$45,556
Fees for Services Accounting$34,867$2,666$1,709$39,242
Information Technology$32,913$2,516$1,614$37,043
Other Expenses$26,733$2,044$1,310$30,087
Fees for Service Investment Mgmnt Fees-$14,879-$14,879
Office Expenses$7,944$308$2,429$10,681
Advertising$5,966$456$293$6,715
Grants to Domestic Individuals$6,580--$6,580
Interest$4,534$571$331$5,436
Fees for Services Other$4,429$339$217$4,985
Conferences and Meetings$2,877$341$198$3,416
Total Functional Expenses$2,259,136$177,854$102,188$2,539,178

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,539,178
Total Expenses per Audited Statements$2,526,657
Expenses per Audited Statements$2,524,299
Expenses Not Reported on Financial Statements$14,879
Expenses Not Reported on Form 990$2,358
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$176,303
Fundraising Direct Expenses$133,746
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Popcorn Sales$124,911$124,911$46,835$78,076
Distinguished C$104,079---
Total Events$316,871$176,303$133,746$42,557
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Keith BobbittFamily MemberEmploymentNo-
Steven SimpsonFamily MemberEmploymentNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cust Act-order of the Arrow$70,736
Cust Act-unit Deposits$31,972
Current Portion of L/t Debt$27,595
Cust Act-other$26,193
Cust Act-registration Fees$87
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Robert rogers keith bobbitt vp at large camp directo family

Form 990, Page 6, Part VI, Line 6

Active members may elect the members of the governing body, and approve significant decisions of the governing body.

Form 990, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 7B

Active members may vote at the annual meeting to receive and approve financial statements showing the financial position of the corporations as of the close of its most recent complete fiscal yer and the results of operations during such year, and transacting such other business as may come before the meeting. Active members may vote in other regular meetings and special meetings, including proposals to merge or consolidate.

Form 990, Page 6, Part VI, Line 11B

The scout executive reviews and signs the 990. A copy is then given to the treasurer for review. The treasurer then announces to the board that he has reviewed the 990 and has a copy available for review.

Form 990, Page 6, Part VI, Line 12C

On a regular basis, board members, employees, volunteers, and individuals in the community are asked to report any conflicts of interest to the board.

Form 990, Page 6, Part VI, Line 15A

A compensation committee is formed of selected executive board members. The committee obtains information on other comparable salaries for top executives from both surveys and information from the national office. The committee reviews that information and the performance of the eo before determining appropriate increase.

Form 990, Page 6, Part VI, Line 15B

For other officers and key employees, the scout executive reviews performance of the individual, uses salary ranges from national and budget information before setting increase. All increases are reviewed by the compensation committee.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request. The council is included in the group exemption filing of the national council, boy scouts of america, and therefore did not file a separate form 1023. A copy of the group tax-exempt determination letter is available upon request.

Filing and Contact Details

Filer

Filer Name
Old Hickory Council Inc
EIN
56-0529985
Phone
3367602900
Address
6600 SILAS CREEK PKWY, WINSTONSALEM, NC 27106
Doing Business As
Boy Scouts of America

Signing Officer

Name
Jacob Andrew Armstrong
Title
Scout Executive
Phone
3367602900
Signed
2021-10-28

Organization Details

Principal Officer
Jacob Andrew Armstrong
Formed
1943
Legal Domicile
Nc
Voting Board Members
50
Independent Board Members
50
Employees
130
Volunteers
1,487

Preparer

Firm
Cannon & Company Llp
Address
2160 COUNTRY CLUB RD, WINSTONSALEM, NC 27104-4208
Preparer
Valerie D Kiger
Phone
3367250635
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation shall promote, within the territory covered by the charter from time to time granted it by the boy scouts of america and in accordance with the congressional charter, bylaws, and rules and regulations of the boy scouts of america, the scouting program of promoting the ability of boys and young men and women to do things for themselves and others, training them in scoutcraft, and teaching them patriotism, courage, self- reliance, and kindred virtues, using the methods which are now in common use by the boy scouts of america.

Form 990, Page 2, Part III, Line 4A

Traditional scouting: the old hickory council, bsa provides program support, facilities, organized activities, and other related services for scouting in eight counties of northwest north carolina. Total registered youth in traditional scouting in 2020 was 2,727. Year round programs are provided to boys and girls ages 6-20. All aspects of the program focus on citizenship, character and fitness. Over 1,550 scouts from all over the southeast and the old hickory council area participated in summer camp 2020 at camp raven knob. The council's on-line merit badge program, raven knob university, designed to advance scouts in our program, had 3,500 participants from all 50 states and 4 countries. 113 young men earned the rank of eagle scout in 2020. Scouts provided over 27,665 hours of community service throughout the councils northwest nc territory just prior to the 2020 global pandemic. Scouts collected 83,111 lbs. Of food during the annual scouting for food drive to help feed hungry families throughout the eight county area.

Form 990, Part XI, Line 9

Fundraising event expense 2,358 fundraising event expense -2,358

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended uses for endowment funds are to support the programs and maintenance of camp raven knob, to support the programs of the old hickory council, and to provide scholarships to youth going to the philmont high adventure base in cimmaron, nm.

Schedule D, Page 3, Part X

The council is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. The council is classified as a public charity. The council is also exempt from state income tax. The council currently has no unrelated business income. The council assesses whether it is more likely than not that a tax position will be sustained upon examination of the technical merits of the position, assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of the tax position is not recognized in the financial statements. The council recorded no asset or liabilities for uncertain tax positions or unrecognized tax benefits. The council's forms 990, return of organization exempt from income tax, are subject to examination by the internal revenue service, generally for three years after they are filed.

Schedule D, Page 4, Part XI, Line 2D

Fundraising event expense 2,358

Schedule D, Page 4, Part XII, Line 2D

Fundraising event expense 2,358

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IRS990/Desc0TRADITIONAL SCOUTING: THE OLD HICKORY COUNCIL, BSA PROVIDES PROGRAM SUPPORT, FACILITIES, ORGANIZED ACTIVITIES, AND OTHER RELATED SERVICES FOR SCOUTING IN EIGHT COUNTIES OF NORTHWEST NORTH CAROLINA. TOTAL REGISTERED YOUTH IN TRADITIONAL SCOUTING IN 2020 WAS 2,727. YEAR ROUND PROGRAMS ARE PROVIDED TO BOYS AND GIRLS AGES 6-20. ALL ASPECTS OF THE PROGRAM FOCUS ON CITIZENSHIP, CHARACTER AND FITNESS. OVER 1,550 SCOUTS FROM ALL OVER THE SOUTHEAST AND THE OLD HICKORY COUNCIL AREA PARTICIPATED IN SUMMER CAMP 2020 AT CAMP RAVEN KNOB. THE COUNCIL'S ON-LINE MERIT BADGE PROGRAM, RAVEN KNOB UNIVERSITY, DESIGNED TO ADVANCE SCOUTS IN OUR PROGRAM, HAD 3,500 PARTICIPANTS FROM ALL 50 STATES AND 4 COUNTRIES. 113 YOUNG MEN EARNED THE RANK OF EAGLE SCOUT IN 2020. SCOUTS PROVIDED OVER 27,665 HOURS OF COMMUNITY SERVICE THROUGHOUT THE COUNCILS NORTHWEST NC TERRITORY JUST PRIOR TO THE 2020 GLOBAL PANDEMIC. SCOUTS COLLECTED 83,111 LBS. OF FOOD DURING THE ANNUAL SCOUTING FOR FOOD DRIVE TO HELP FEED HUNGRY FAMILIES THROUGHOUT THE EIGHT COUNTY AREA.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01009448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01155022
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IRS990ScheduleA/PublicOrganization170Ind0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.41$0.21$5.20$3.66$3.41$0.25
2023Detailed filing. Detailed filing data is available for this year.$5.10$0.24$4.86$2.84$3.06$0.21
2022Detailed filing. Detailed filing data is available for this year.$5.24$0.25$4.98$2.59$3.91$1.32
2021Detailed filing. Detailed filing data is available for this year.$6.75$1.41$5.34$3.45$2.56$0.89
2020Detailed filing. Detailed filing data is available for this year.$6.25$0.58$5.68$1.55$2.54$0.99
2019Detailed filing. Detailed filing data is available for this year.$6.93$0.39$6.54$2.87$3.12$0.25
2018Detailed filing. Detailed filing data is available for this year.$7.04$0.46$6.58$2.93$3.10$0.17
2017Detailed filing. Detailed filing data is available for this year.$7.17$0.28$6.89$2.99$3.03$0.04
2016Detailed filing. Detailed filing data is available for this year.$6.99$0.21$6.79$3.14$3.02$0.11
2015Detailed filing. Detailed filing data is available for this year.$6.89$0.19$6.70$2.85$3.03$0.18
2014Detailed filing. Detailed filing data is available for this year.$7.09$0.20$6.89$2.79$2.99$0.19
2013Detailed filing. Detailed filing data is available for this year.$7.37$0.17$7.20$3.12$3.30$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.57$0.27$7.30$3.33
2011Summary only. Only limited summary data is available for this year.$7.49$0.24$7.25$4.60$3.40$1.19
2010Summary only. Only limited summary data is available for this year.$6.48$0.27$6.20$4.06$3.60$0.46