[Santa Clara Vanguard 2024]

On 9/9/2023 at 10:49 AM, scheherazadesghost said:

Confirmed here: https://labyrinthinc.com/texas-fundraising-registration-requirements/

Ew, my home state is, guess what, pretty lax on this stuff. No one is surprised.

Edit to add:

However, bingo is not their only revenue source. Donations and grants are also revenue. So are services provided, like those provided in exchange for member fees, which come from all over. I don't think member fees are donations... but I could be wrong and welcome correction.

This is why having a weathered nonprofit pro (not just board experience, but admin, outside of insular drum corps) or lawyer in their ranks might be wise. 'Cause people like me thrive on learning more about this stuff and dig our heels in when we aren't provided transparent information.

Correct, member fees are not classified as donations.    Nor are they tax deductible.    They're "tuition" fees so to speak.

[CA Department of Justice sends Vanguard second delinquency notice as of Aug 25, 2023]

I will never understand why people come in to this forum incognito.   Clearly trying to hide who they are, but still wanting to tell everyone what's wrong with them and the world around us.   If the truth hurts, it ought to.  

[**SOLD** Selling 2023 Indy FDCI/Super 3 Packages - 2 Tickets - Section 240, Row 7]

Wayne,   are these still available, please pm me, kathy_serksnis@msn.com

[The 990's]

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.

[The 990's]

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.

[The 990's]

Final note: SCV's 990's are so utterly complete that they even include complete amortization schedules as well as complete investment statements for 2009.

Not only are their on-field programs consistent year in and year out, but their financial support programs and auditor's reports are complete and consistent as well.

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.