BOY SCOUTS OF AMERICA RAINBOW COUNCIL TRUST

EIN: 366632880 501(c)(3)

LOCKPORT, IL

Total Revenue
$21,390
Total Expenses
$3,666
Total Assets
$524,592
Net Assets
$524,592
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
IL
Phone
8159424450
Tax Period
2019-01-01 to 2019-12-31

BOY SCOUTS OF AMERICA RAINBOW COUNCIL TRUST, founded in 1929, is a micro nonprofit that reported $21K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 83% operating margin.

Mission

THE TRUST PROVIDES FINANCIAL SUPPORT TO THE RAINBOW COUNCIL OF THE BOY SCOUTS OF AMERICA.THE COUNCIL IS A NONPROFIT ORGANIZATION DEVOTED TO PROMOTING, WITHIN THE TERRITORY COVERED BY THE CHARTER FROM TIME TO TIME GRANTED TO IT BY THE BOY SCOUTS OF AMERICA AND IN ACCORDANCE WITH THE BYLAWS, AND RULES AND REGULATIONS OF THE BOY SCOUTS OF AMERICA, THE SCOUTING PROGRAM OF PROMOTING THE ABILITY OF BOYS AND GIRLS 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 IN COMMON USE BY THE BOY SCOUTS OF AMERICA.

Program Service Accomplishments

Program 1
Expenses: $3,666 Revenue: $1,000

THE RAINBOW COUNCIL BOY SCOUTS OF AMERICA OPERATES A CAMPSITE IN MORRIS, ILLINOIS WITH SCOUTING UNITS IN WILL, GRUNDY, AND KANKAKEE COUNTIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $20,390
Other Revenue $0
TOTAL REVENUE $21,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,666
Other Expenses $3,666
TOTAL EXPENSES $3,666

Year-over-Year Comparison

2019 2018 Change
Revenue $21,390 $58,235 -0.6%
Expenses $3,666 $5,272 -0.3%
Net Income $17,724 $52,963 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
33
Independent Members
33
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$119,306
Total Directors
6
$119,306
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD KARNS CEO/SCOUT EXEC 1.00
Officer Director
$0 $0 $119,306
WAYNE DRAUDT Board Member 1.00
Director
$0 $0 $0
PETER MARCH Board Members 1.00
Director
$0 $0 $0
KRISTINA FRY Board Member 1.00
Director
$0 $0 $0
MARK STEADHAM BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SOLARI President 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $21,390 $3,666 $524,592 $17,724
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