RobertCalifornia
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Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
When reviewing the list of BSA camp properties, I noticed that Grimes Canoe Base for Middle Tennessee Council was not listed. It was moved into a trust in June 2020. https://assessment.cot.tn.gov/RE_Assessment/ParcelDetailIMPACT.aspx -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
Are there any minutes or a recorded zoom from the May 19 meeting? -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
Makes sense....who wants to own a restricted old camp on the beach if you can sell it for a windfall and build a modern camp to meet your needs. -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
Just glancing through the council assets, I was a bit surprised that a lot of camps were unrestricted. It would not surprise me if BSA owned more forest land than most small states. There are at least 10 councils that have 50 million in assets. There are probably 30 that have 10 million or more. The big ones were Sam Houston, Circle 10, Atlanta, and the America councils. These are over 600 million. Then, there are a bunch of councils smaller than 5 million. -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I would like to see the TCC plan and those local council analysis sheets. Some more musings: A global settlement is the only way that BSA will make it. With any other plan, the only long term winners will be the insurance companies and attorneys. Local councils want and need for this problem to go away. It affects moral, fundraising, and recruitment. A smart young employee would be looking for other careers...why suffer? Local councils will go higher. They don’t have a choice. And, they are prepared to do so. They need a global settlement. Some councils are already o -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I would say that you are in a good position....under the circumstances. -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I stand corrected. CS is not an attorney, but he obviously has been sleeping at Holiday Inns because he seems like a fast learner. Two more observations: 1) since we are all anonymous, it stands to reason that some of us could be operatives for insurance companies, BSA,,etc. I’ve seen enough movies to know that insurance companies do not play fair. I’ve seen enough people LIE before Congress at hearings to the point of ridiculousness. Give somebody some money and they will just about say anything. 2) assuming school access and a good fall recruitment, BSA will have income past A -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I’m not a lawyer either. But, I believe CynicalScouter holds title to esquire. He and other attorneys have provided some great insight into this case. Are you sure that you have read all the threads related to this case? 100 million has been wasted thus far and most of this could have been hashed out while waiting for Nov.16. With litigation looming, BSA thought they could enter bankruptcy and at worst have 20,000 victims. Well, that is no longer the case. None of us here can determine the fate of this case. Some will determine the future of their local Scouting whatever that -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I’ve scoured the Internet for information. This forum is it. Where else would/should one discuss it? -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
There has been a great emphasis for healthy local councils to accumulate cash and stock investments as endowments. Why? Years ago, many councils were almost exclusively funded by community chests....aka United Way. Well, UW funding is no longer strong in many areas. In many cases, the BSA is basically defunded especially for the amount of work that is invested to hope o get those funds. Many dollars have been solicited to build a fund to replace those dollars. A lot of the people who donated the funds are below ground. They won’t be too upset. Again anther reset. Unless you a -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
For the most part, local councils accumulated thier endowments through designated gifts, wills, excess large gifts etc. They built their camps through capital campaigns and land gifts. Many still have mortgages. I see the taking of these properties as a reset. Today’s scouts will pay a higher annual registration fee, but it is not more than what is charged by other groups/sports teams that usually only last a few months. For the most part, the current participants have invested very little in these camp assets beyond buying a brick or special patch to held build some camp improveme -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I would argue that is mostly true. Regardless of how this bankruptcy goes, the local councils only receive operating income from FOS, camping fees, investments, supply sales, etc. FOS funds support annual operations. Those funds are not invested in capital assets and primarily fund the day to day operations and salaries of the nonprofit. Same for any United Way funds that are not specific for some program service. -
Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
All the letters are terrible to read. I’ve just about read enough. I did find it interesting that 3 or 4 of today’s victims have been, or still are in prison. BSA and LC’s will have to feel more pain around 1.5-2b and Hartford and Chubb need to be thinking around 30b is my guess. Insurance should pay more, but my guess is 1/3 of the 103b is more realistic assuming that they want to stay in business. After vetting and assigning values, that might get a victims settlement around 1/3 of what they deserve and allow all businesses and BSA to survive. At the low ball 103b valuat -
Classes are basically a way to measure size by membership and finances. They will have the largest memberships and likely have higher populations with more potential market share. They will have the largest budgets and total assets. Class size is important for determining professional and support staff sizes. It would highly determine scout executive selection and the top end salary. Assuming constant membership and finances, if two class 500 councils were merged, then the new council would be double in size and might become a 300. There is a measurement scale somewhere.
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Chapter 11 announced - Part 3 - BSA's Toggle Plan
RobertCalifornia replied to Eagle1993's topic in Issues & Politics
I would like to say thank you for these informative threads on the bankruptcy! Other than some info I found at reddit, there is not much out there to read. I enjoy the different opinions and the lessons about our legal system. BSA has a big mess on its hands. Some of the local councils have pulled their heads out of the sand, but I would guess that the average volunteer and parent are just clueless that Philmont Trek 2022 may be gone and they may need to drive a bit further for summer camp. I do have some opinions of my own that I will share. First, here is my $.02 on national B