abercrombiedevon Posted August 8, 2007 Share Posted August 8, 2007 does anyone know? Quote Link to comment Share on other sites More sharing options...
skluyuk Posted August 8, 2007 Share Posted August 8, 2007 Nothing. DCI is supposed to be a non-profit organization, correct? From DCI's site: "From modest beginnings more than three decades ago, Drum Corps International has developed into a powerful, nonprofit, global youth activity with far-reaching artistic, educational and organizational influence. Through the annual Summer Music Games Tour and more than 35 World Championships in 16 North American cities, Drum Corps International provides entertainment to millions through live performances and nationally-televised events, now presented on ESPN2. Drum Corps International is Marching Music’s Major League™. " Yeah....right. For an organization not interested in profit they sure do have the clamp-down on the "product". I'm willing to bet that millions run through that office every year. Wonder how much Indianapolis 'donated' for locking it up for a decade. Quote Link to comment Share on other sites More sharing options...
abercrombiedevon Posted August 8, 2007 Author Share Posted August 8, 2007 so since they are non profit does that mean they have to spend all they take in? Quote Link to comment Share on other sites More sharing options...
kevingamin Posted August 8, 2007 Share Posted August 8, 2007 so since they are non profit does that mean they have to spend all they take in? No, they can still take in a profit, however, the primary goal of the company is not profit-making. Quote Link to comment Share on other sites More sharing options...
abercrombiedevon Posted August 8, 2007 Author Share Posted August 8, 2007 is there a limit as to how much profit they can make? Quote Link to comment Share on other sites More sharing options...
Liam Posted August 8, 2007 Share Posted August 8, 2007 I'm going to start putting this response on a hot-key. :) No offense, really. This is a common misconception. But .... Not-for-profit is a legal/tax distinction that says that your PRIMARY purpose is not to seek a profit, but rather is some other defined purpose (eductional, religious, charitable, etc). Versus the common "for-profit" company whose primary purpose is to make money for the owners (by selling a product, providing a service, whatever). Not-for-profit does not mean that you CANNOT make a profit. It doesn't even mean that you SHOULDN'T make a profit. You can seek to make and/or actually make as much profit as you want, as long as you use that profit to further your primary goals, as stated in your mission statement. Lots of not-for-profits make tons of money. Heck, lots of for-profits LOSE tons of money. The distinction has nothing to do with what you actually make or don't make -- it has to do with your primary purpose and what you do with the profits you do make. It's not "non-profit" although that's what it's commonly known as -- It's "not-for-profit", as in NOT (organized) FOR (the primary purpose of) PROFIT As far as DCI's worth -- no way to know without looking at their books. Make known your intent to buy, pony up some good faith money, and see if they allow you a peek to do some due dilligence. But don't hold your breath .... :) Quote Link to comment Share on other sites More sharing options...
Tonyo Posted August 8, 2007 Share Posted August 8, 2007 I'm going to start putting this response on a hot-key. :) No offense, really. This is a common misconception. But .... Not-for-profit is a legal/tax distinction that says that your PRIMARY purpose is not to seek a profit, but rather is some other defined purpose (eductional, religious, charitable, etc). Versus the common "for-profit" company whose primary purpose is to make money for the owners (by selling a product, providing a service, whatever). Not-for-profit does not mean that you CANNOT make a profit. It doesn't even mean that you SHOULDN'T make a profit. You can seek to make and/or actually make as much profit as you want, as long as you use that profit to further your primary goals, as stated in your mission statement. Lots of not-for-profits make tons of money. Heck, lots of for-profits LOSE tons of money. The distinction has nothing to do with what you actually make or don't make -- it has to do with your primary purpose and what you do with the profits you do make. It's not "non-profit" although that's what it's commonly known as -- It's "not-for-profit", as in NOT (organized) FOR (the primary purpose of) PROFIT As far as DCI's worth -- no way to know without looking at their books. Make known your intent to buy, pony up some good faith money, and see if they allow you a peek to do some due dilligence. But don't hold your breath .... :) I am pretty sure if you go to guidestar.org you may find your answer Quote Link to comment Share on other sites More sharing options...
Pioneer19 Posted August 8, 2007 Share Posted August 8, 2007 so since they are non profit does that mean they have to spend all they take in? or at least spend it in a way that fits with the organization's mission statement/intent. does DCI even have one? Quote Link to comment Share on other sites More sharing options...
abercrombiedevon Posted August 8, 2007 Author Share Posted August 8, 2007 looky what i found http://204.203.220.33/EINS/362754480/36275...05_02E878AA.PDF Quote Link to comment Share on other sites More sharing options...
abercrombiedevon Posted August 8, 2007 Author Share Posted August 8, 2007 also going here will let you pretty much look at any NOT for profit organizations financials http://www.eri-nonprofit-salaries.com/inde...tion=NPO.Search Quote Link to comment Share on other sites More sharing options...
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