garfield Posted January 11, 2013 Author Share Posted January 11, 2013 Before we finish up, one final detail about Expenses. Many people compare charitable organizations based on the amount of money that actually gets to the charitable purpose of the organization vs. the administrative expenses used to get the money there. The 990's provide a look at this comparison by requiring expenses to be categorized into two categories, Program Service Expenses and Management and General Expenses. For 2011, Total expenses were $9,429,827. Of that amount, $6,555,032 (69.5%) went to Program Service Expenses and $2,874,795 (30.5%) went to Management and General Expenses. In 2010, Total Expenses were $8,875,705. Of that, $5,768,844 (65%) was Program Service and $3,106,861 (35%) was Management and General. In 2009, Total Expenses were $8,542,134. $5,373,139 (62.4%) were Program Service and $3,168,985 (37.6%) were M&G. (Sorry, just realized the order by year is reversed from prior posts.) If this is a representation of efficiency, these numbers look pretty good. Seven percent more of DCI's Revenue was spent on Program Service in 2011 than in 2009, and Management and General expenses consumed less of the Revenue over these three years. This would be a good thing depending on where you stand and what's behind the numbers. More money going into Program (show) expenses could mean more money is being paid out to corps, or it could mean more money went into show production (like venue costs, etc). Anecdotally, I have noticed a decline in the number of attendants guarding the entrys to prevent fans from entering or leaving during a show. Those savings in venue costs (if my observation is a true representation) may mean the corps make more but the fans suffer more disruptions, for example. Without an explanation of Program Expenses there's no way to tell who got the benefit of DCI's greater management "efficiency". EDIT: If it's reasonable to presume that the corps benefited most from this increase in effeciency, I have to ask: What the heck are they complaining about? With all that DCI does to produce a tour (venue, rights, travel, etc) is it reasonable to think that a "Music in Motion" tour could be produced more efficiently? Oregon Crusaders Program Service "efficiency" (as defined above) 2009: Not reported 2010: Of $233,606 in Total Expenses, $203,387 (87%) was PSE 2011: Of $361,702 in Total Expenses, $300,622 (83%) was PSE Quote Link to comment Share on other sites More sharing options...
MikeN Posted January 11, 2013 Share Posted January 11, 2013 Been blindly passing over the header you add to all of your efficiency summaries, but having just re-read it for the first time in a while... so it looks like just about every corps has a better program/management expense ratio than DCI? On an armchair macro level, does that support the assertion that DCI could do with some general trimming and pruning? Mike Quote Link to comment Share on other sites More sharing options...
garfield Posted January 11, 2013 Author Share Posted January 11, 2013 Oregon Crusaders Balance Sheet Assets Cash 2009: $2,484 2010: $41,250 2011: $17,247 Other Assets 2009: $5,891 2010: $13,986 2011: $73,000 Total Assets 2009: $8,375 2010: $55,236 2011: $90,247 Quote Link to comment Share on other sites More sharing options...
garfield Posted January 11, 2013 Author Share Posted January 11, 2013 Oregon Crusaders Balance Sheet Liabilities 2009: $0 2010: $0 2011: $24,896 Net Assets 2009: $8,375 2010: $55,236 2011: $65,351 Quote Link to comment Share on other sites More sharing options...
garfield Posted January 11, 2013 Author Share Posted January 11, 2013 Oregon Crusaders There are no other notes or forms with entries of consequence, so this ends our look at Oregon Crusaders. Good luck OC in your first year in WC! (And see you at the Dublin show on July 31st!) Quote Link to comment Share on other sites More sharing options...
garfield Posted January 11, 2013 Author Share Posted January 11, 2013 Been blindly passing over the header you add to all of your efficiency summaries, but having just re-read it for the first time in a while... so it looks like just about every corps has a better program/management expense ratio than DCI? On an armchair macro level, does that support the assertion that DCI could do with some general trimming and pruning? Mike I won't be able to show the specifics until I update the spreadsheet and see the conclusions but, in an off-the-cuff analysis, I'd say that the smaller a corps is the more "efficient" it is. This seems roughly consistent through the last 8 that we've reviewed as well. I hope to have the spreadsheet done this weekend. Then we can compare side-by-side and up-and-down to our heart's content. Quote Link to comment Share on other sites More sharing options...
garfield Posted January 11, 2013 Author Share Posted January 11, 2013 (edited) "And now, please welcome to the field, in one of the few shows where they get to go on last, from Mount Holly, New Jersey, The Jersey Surf!" (Note: In 2009 and 2010, Surf filed the "Short Form" (EZ) version of their 990s. And, in a strange twist, the '09 and '10 supplemental filings by Surf actually contain more expense detail than does their 2011 Full-Form filing. This should make for some interesting comparisons across years. Gross Receipts 2009: $380,322 2010: $384,397 2011: $380,146 Observation: What, did Bob simply Xerox copy the forms from one year to the next? :tongue:/> Something tells me that the summary word for this look will be "consistency". Edited January 11, 2013 by garfield Quote Link to comment Share on other sites More sharing options...
garfield Posted January 12, 2013 Author Share Posted January 12, 2013 (edited) Jersey Surf Revenue, Expenses, and Net Assets The Bottom Line Total Revenue 2009: $380,322 2010: $384,937 2011: $380,146 Total Expenses 2009: $369,116 2010: $413,936 2011: $407,882 Revenue less Expenses 2009: $11,206 2010: ($28,999) a loss 2011: ($27,736) a loss Observation: I REALLY wish the 2012 numbers were available so we could see the effects of the Bridgemania show (the biggest impact, I'd bet, was on souvies). Net Assets 2009: $40,352 2010: $11,353 2011: ($16,383) more liabilities than assets Edited January 12, 2013 by garfield Quote Link to comment Share on other sites More sharing options...
garfield Posted January 13, 2013 Author Share Posted January 13, 2013 Jersey Surf Statement of Revenues Note: Because of the fact that Surf filed the "EZ" form for two of three years, the comparison will look a little different than previous reviews. Note: Revenues are classified into three categories: "Contributions, gifts, grants, etc", "Program Service Revenue", and "Other Revenue" Contributions, gifts, grants, etc 2009: $38,387 2010: $50,889 2011: $5,475 Program Service Revenue 2009: $46,243 2010: $92,285 2011: $87,764 Membership dues and assessments 2009: $284,392 2010: $241,763 2011: $286,991 Other Income 2009: $15,500 (Gross income from sales of assets other than inventory) 2010: $0 2011: $0 Quote Link to comment Share on other sites More sharing options...
garfield Posted January 13, 2013 Author Share Posted January 13, 2013 Jersey Surf Statement of Functional Expenses (Note: Although Surf listed as many as 26 line item expenses in 2009 and 2010, the EZ form did not require they be broken down into Program Service Expenses (PSE), Management and General Expenses (MGE), and Fundraising Expenses (FRE). All expenses in all three years are listed as Program Service Expenses (PSE). A few of the more notable expense line items for '09 and '10 are listed below. Instructional staff 2009: $59,462 2010: $56,422 2011: Not reported Tour and Program costs 2009: $81,858 2010: $75,217 2011: Not reported Fuel Expenses 2009: $19,954 2010: $35,633 2011: Not reported (Note: In 2012 Surf made their first trip out of their regional tour area, going west to Texas at the beginning of the season. It should be interesting to see their fuel bill (if they report it) when their '12 990's come out.) Music and Color Guard Supplies 2009: $24,124 2010: $35,562 2011: Not reported 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.