garfield Posted December 26, 2012 Author Share Posted December 26, 2012 (edited) I'm going to jump in here and say two things. First, I'm amazed that this thread attracts some 700 to 1000 view a day. As I look at who's following along, I usually see more guests than members and wonder why those guests don't register on DCP. Could they be directors? Board members? The quiet types who stand in the corner and don't dance with any of the other boys and girls? Still, I'm enthused that so many seem to be attracted to the financial end of our activity. I think if more fans know the financial wire that most corps balance on, the more likely that some will get involved to help the situation. Second, I've been studying the 990's for the next corps in our review, The Colts, and am quite amazed at what I'm seeing. I've avoided personal opinions as much as possible in this thread - choosing instead (mostly) to let the numbers tell the story. But The Colts are an interesting study. A "million dollar" corps that looks to be as solid as a rock, financially, that can't score higher in competition among corps that spend similar amounts and score in the top 7 or 8. Why is that? The details of Colt's finances are coming up but, I wonder before we jump headlong into the finances, why this corps doesn't seem to compete with the other "big boys" when they seem to spend like one? (off soapbox, to some extent) :tongue:/>/> Edited December 26, 2012 by garfield Quote Link to comment Share on other sites More sharing options...
soccerguy315 Posted December 27, 2012 Share Posted December 27, 2012 is it b/c the Colts are supporting 2 corps? (don't know how much the Colt Cadets actually do...) Quote Link to comment Share on other sites More sharing options...
cowtown Posted December 27, 2012 Share Posted December 27, 2012 Maybe it’s the talent they attract, I’d be curious to know about their retention Quote Link to comment Share on other sites More sharing options...
garfield Posted December 27, 2012 Author Share Posted December 27, 2012 "And now, please welcome to the field, from Dubuque, Iowa, The Legion-aires!" (a/k/a...THE COLTS!) Talk about consistency! Quote Link to comment Share on other sites More sharing options...
garfield Posted December 27, 2012 Author Share Posted December 27, 2012 The Colts Gross Receipts 2009: $1,344,701 2010: $1,392,599 2011: $1,357,229 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 27, 2012 Author Share Posted December 27, 2012 is it b/c the Colts are supporting 2 corps? (don't know how much the Colt Cadets actually do...) They list the Colts Cadets but don't break out their specific numbers in the 990s. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 27, 2012 Author Share Posted December 27, 2012 The Colts Revenue, Expenses, and Net Assets The Bottom Line Total Revenue 2009: $1,196,372 2010: $1,223,490 2011: $1,179,628 Total Expenses 2009: $1,245,650 2010: $1,283,169 2011: $1,241,725 Net Revenue (loss) 2009: ($49,278) a loss 2010: ($59,679) ditto 2011: ($62,097) ditto Net Assets 2009: $249,565 2010: $189,886 2011: $127,789 Quote Link to comment Share on other sites More sharing options...
kickhaltsforlife Posted December 27, 2012 Share Posted December 27, 2012 (edited) The Academy Balance Sheet I've been looking at Academy's Balance sheet and I wish I could find something profound enough about it to list each asset and liability, but I just can't. 2008's report is not available in their "EZ" form, and 2009 and 2010 are about as boring as we've seen so far. Nothing at all sticks out; nothing changed much. Except, that is, for the bottom line. They added about $67,000, or about 20%, to their net assets in 2010. From what I've seen so far, The Academy is, financially, a solid, well-run organization who's biggest worry is whether there will be a circuit in which they can compete. I do find it interesting that Academy (and other's recently in our review here) have been able to increase "membership dues" in the last few years, and wonder if it's related to placement and/or awareness of the corps. I admit to knowing very little about the corps until recent years and I'd bet that, as more fans notice them, they can get a higher rate on their dues. In Academy's case, it appears "membership dues" includes camp fees. Their increase in "dues" (from $291,000 in '09 to $357,000 in '10) may also indicate more kids trying out for Academy as well as a general increase in dues. Both, or either, would be great for the corps. I appreciate a corps that minds it's financial P's and Q's. It seems I can be confident in sending my kid to Tempe for Thanksgiving. Nice job, Academy. It's probably because membership dues have gone up by about a thousand per person SINCE I MARCHED. I last marched in 2009, was going to march in 2010, price was about the same, a little higher think. A couple weeks ago someone told me how much dues were, for a corps that I knew to be one of the cheapest, and still are supposedly. Dues have went up quite a bit. Also corps are dragging kids through camps a lot longer. It makes sense. Money wise and competition wise. By not giving everyone contract, and by telling them to keep coming back, you get to learn a lot better who will make it over the summer. Also you get more money from dues. And I'm sure some of it might be from the corps becoming more popular, especially Academy, who from the sounds of things have a great presence in its area. And it is an attractive corps to go to for people in that region. How many world class corps are in the southwest??? Edit: None of this is known fact, just speculation and assumptions on what I have seen and heard. Then again, that's all DCP is! Lol Except this thread... it's nice to see some numbers at play! Edited December 27, 2012 by kickhaltsforlife Quote Link to comment Share on other sites More sharing options...
garfield Posted December 28, 2012 Author Share Posted December 28, 2012 The Colts Statement of Program Service Accomplishments (Note: Colts list the A-corps and the Colt Cadets but don't break out the two into separate accounting.) 2009: Revenue: $768,789, Expenses: $1,066,400 2010: Revenue: $819,484, Expenses: $1,116,330 2011: Revenue: $876,512, Expenses: $1,061,072 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 28, 2012 Author Share Posted December 28, 2012 The Colts Compensation of Officers, Directors, Trustees, Key Employees, etc (Note: Colts list only ED Greg Orwoll and Controller/Designer Jeff Macfarlane as paid executive staff.) Executive Director Greg Orwoll: 2009: $60,033 2010: $57,600 2011: $57,600 Controller/Designer Jeff Macfarlane 2009: $41,397 2010: $42,000 2011: $42,000 Observation: OK, this one tickles my funny bone. The controller is also a designer? As in, show designer? Financial statement designer? Costume designer? A number-cruncher who also has creative talent? Isn't that an oxymoron? I'm hoping someone here who's familiar with Mr. Macfarlane can shed some light on what kind of designer he is for the corps. Anyone who can see creativity in number-crunching is someone I want to know more about! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.