garfield Posted December 5, 2012 Author Share Posted December 5, 2012 (edited) Thank you for this compliment! If anyone feels the need or interest to further explore their assumptions about us, do not hesitate to message me. I'm really proud of the financial accomplishments I/We have been able to achieve in the last 5 years. Hey! You're the CFO of Vanguard, aren't you? I'm honored that you decided to pop in, and the compliment is certainly warranted. I have yet to see a more concise, complete, and consistent set of 990s from any drum corps (realizing that we're just about 25% in, at this point). Glad you stopped by, Kathy, and I hope you visit again or, better yet, stick around! Garfield P.S. Don't forget to rate this thread by clicking on the stars at the top of each page. And see the little green/red +/- at the bottom right of this post? Well, everyone here is trying to catch this guy named Ream on here, who has like a gazillion "green pluses". We suspect he's paying people to click the plus :tongue:/>/>/>/> . Clicking the green plus gives me one more, so Thanks in advance! (end shameless grovelling) Edited December 5, 2012 by garfield 1 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 5, 2012 Author Share Posted December 5, 2012 (edited) Thank you for this compliment! If anyone feels the need or interest to further explore their assumptions about us, do not hesitate to message me. I'm really proud of the financial accomplishments I/We have been able to achieve in the last 5 years. Kathy, I do have some questions regarding souvies v. "equipment" v. rolling stock. Do you include souvies in the "inventory available for sale" category? I suspect rolling stock goes into depreciable assets, but where do you account for musical equipments? Is it an asset or, if you intend to sell horns and drums as part of a supplier deal, is it "inventory"? Do you depreciate the horns and drums? Edited December 5, 2012 by garfield Quote Link to comment Share on other sites More sharing options...
kathy_serksnis Posted December 5, 2012 Share Posted December 5, 2012 Kathy, I do have some questions regarding souvies v. "equipment" v. rolling stock. Do you include souvies in the "inventory available for sale" category? I suspect rolling stock goes into depreciable assets, but where do you account for musical equipments? Is it an asset or, if you intend to sell horns and drums as part of a supplier deal, is it "inventory"? Do you depreciate the horns and drums? Inventory available for sale includes Souvies as well as Bingo items. Our horns are treated as assets and are depreciated. Drums/Pit are not, as we cycle them back out to the vendor as part of the endorsement arrangement. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 5, 2012 Author Share Posted December 5, 2012 Inventory available for sale includes Souvies as well as Bingo items. Our horns are treated as assets and are depreciated. Drums/Pit are not, as we cycle them back out to the vendor as part of the endorsement arrangement. Interesting, and for us numbers geeks, are horns 5 year assets? Three? Does SCV normally keep horns beyond the depreciation schedule? Thanks for the input. Quote Link to comment Share on other sites More sharing options...
kathy_serksnis Posted December 6, 2012 Share Posted December 6, 2012 Interesting, and for us numbers geeks, are horns 5 year assets? Three? Does SCV normally keep horns beyond the depreciation schedule? Thanks for the input. We do a pretty great job of reselling year over year. We're on a straight line, 5 year, schedule. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 6, 2012 Author Share Posted December 6, 2012 (edited) (Reminder to rate the thread by clicking the stars at the top of the page.)"And now, please welcome to the field, from Boston, Mass. The BOSTON CRUSADERS!"Boston CrusadersGross Receipts2009: $826,9692010: $888,0562011: $1,032,480 2012: $1,285,682 2013: $1,367,094 Edited September 10, 2016 by garfield Quote Link to comment Share on other sites More sharing options...
garfield Posted December 6, 2012 Author Share Posted December 6, 2012 (edited) Boston CrusadersRevenue, Expenses, and Net AssetsThe Bottom LineTotal Revenue2009: $727,3162010: $798,257 (plus $70,941 [9.75%] from 2009)2011: $1,027,009 (plus $228,752 [28.6%] from 2010, plus $299,693 [41%] from 2009) 2012: $1,274,810 2013: $1,284,018Total Expenses2009: $731,5422010: $774,770 (plus $43,228 [5.9%] from 2009)2011: $958,150 (plus $183,380 [23.6%] from 2010, plus $226,608 [31%] from 2009)2012: $1,293,873 2013: $1,268,832Net Revenue (Loss), (Total Revenue minus Total Expenses)2009: ($4,226) a loss2010: $23,487 (plus $27,713 from 2009)2011: $68,859 (plus $45,372 from 2010) 2012: ($19,063) 2013: $15,186)Net Assets2009: ($87,637) a negative balance2010: ($64,150) a negative balance2011: ($214,267) a negative balance 2012: ($152,340) 2013: ($283,249)Hmmm.... Seems things were getting worse for Boston in 2011.Let's see if a deeper look can shed some positive light on these numbers. Edited September 10, 2016 by garfield Quote Link to comment Share on other sites More sharing options...
Ghost Posted December 6, 2012 Share Posted December 6, 2012 (edited) Net Assets 2009: ($87,637) a negative balance 2010: ($64,150) a negative balance 2011: ($214,267) a negative balance Hmmm.... Seems things were getting worse for Boston in 2011. Let's see if a deeper look can shed some positive light on these numbers. While you're looking "deeper" into the numbers, I'll just say OUCH! Edited December 6, 2012 by Ghost Quote Link to comment Share on other sites More sharing options...
garfield Posted December 6, 2012 Author Share Posted December 6, 2012 Boston Crusaders An interesting observation before we dig in... In 2009 and 2010, Boston listed one employee, and they listed the number of volunteers at ZERO. In 2011 they listed two employees and 14 volunteers. Can these volunteer numbers be correct? Is there anyone here connected with the corps, or who actually knows facts, who can verify these numbers as factual or not? Quote Link to comment Share on other sites More sharing options...
Ghost Posted December 6, 2012 Share Posted December 6, 2012 Is there anyone here connected with the corps, or who actually knows facts, who can verify these numbers as factual or not? Calling Craiga, Brasso and others. Quote Link to comment Share on other sites More sharing options...
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