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Nonprofit · EIN 56-6217308

BOY SCOUTS OF AMERICA

Also known as 420 PIEDMONT ENDOWMENT TRUST FUND

Tax-exempt · GASTONIA, NC 28053

Financials

−$110K$210K2023$168K$382K2024
Revenue Expenses · by fiscal year end
Financials of BOY SCOUTS OF AMERICA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$168,398$382,203-$213,805$5,894,748$1,339,334$4,555,414
December 31, 2023990-$109,676$210,057-$319,733$6,688,363$2,922,934$3,765,429
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,300
Program service revenue
$0
Investment income
$166,098
Other revenue
$0

Expenses

Grants and similar amounts paid
$260,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$351,740
Management and general (functional)
$12,185
Fundraising (functional)
$18,278

Balance sheet and other

Total assets, start of year
$6,688,363
Total assets, end of year
$5,894,748
Total liabilities, end of year
$1,339,334
Net assets, end of year
$4,555,414
Publicly traded securities
$5,880,330
Net assets without donor restrictions
$173,691
Net assets with donor restrictions
$4,381,723
Gross receipts
$168,398
Employees
0
Volunteers
5
Year formed
1923
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JESSE C BOWES JREXECUTIVE DI
Trustee or director, Officer
40$0
MIKE WALLACEENDOWMENT
Officer
1$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
Jessie C Bowes JrExecutive Director
Trustee or director, Officer
40$0
Mike WallaceEndowment
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 1059, GASTONIA, NC 28053-1059
Principal officer (990 for 2024)
JESSE C BOWES JR, PO BOX 1059, GASTONIA, NC 28053
Signed the 990
JESSE C BOWES JR, EXECUTIVE DIRECTOR
Phone
(704) 864-2694
Return prepared by
MCCANNON ROGERS DRISCOLL & ASSOC LLP

Mission

MAINTAIN THE ENDOWMENT FUND OF PIEDMONT COUNCIL, INC. BOY SCOUTS OF AMERICA 420 BY BEING WISE STEWARDS OF THE FUNDS AND THUS ENABLING THE FUNDS TO ASSIST IN THE OPERATIONS AND PROGRAMS OF PIEDMONT COUNCIL, INC. BOY SCOUTS OF AMERICA 420.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE SUPPORT FOR THE PROGRAMS AND OPERATIONS OF PIEDMONT COUNCIL, INC. BOY SCOUTS OF AMERICA 420.
    Expenses $351,740 · grants $260,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6217308
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1965
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,894,748
Income (IRS master file)
$168,398

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$168,398$382,203$5,894,748IRS
990December 2023-$109,676$210,057$6,688,363XML
990December 2022-$248,870$60,478$6,048,269IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6217308).

Questions about BOY SCOUTS OF AMERICA

What is the EIN of BOY SCOUTS OF AMERICA?
The employer identification number (EIN) of BOY SCOUTS OF AMERICA is 56-6217308.
Is BOY SCOUTS OF AMERICA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Which annual return does BOY SCOUTS OF AMERICA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BOY SCOUTS OF AMERICA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOY SCOUTS OF AMERICA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOY SCOUTS OF AMERICA?
The 990 for the year ended December 31, 2024 names JESSE C BOWES JR.
Who are the officers and directors of BOY SCOUTS OF AMERICA?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does BOY SCOUTS OF AMERICA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $168,398, expenses of $382,203 and total assets of $5,894,748 at year end.

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