garfield Posted December 12, 2012 Author Share Posted December 12, 2012 The Blue Stars Revenue, Expenses, and Net Assets The Bottom Line Total Revenue 2009: $804,783 2010: $921,842 2011: $971,928 Total Expenses 2009: $771,768 2010: $930,671 2011: $958,082 Net Revenue (Total Revenue minus Total Expenses) 2009: $33,015 2010: ($8,829) a loss 2011: $13,846 Net Assets (Total Assets minus Total Liabilities) 2009: $2,272 2010: ($6,856) more liabilities than assets 2011: $6,990 Personal Observation: Another corps that seems to be growing revenue but is spending all with little assets as a cushion. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 12, 2012 Author Share Posted December 12, 2012 The Blue Stars Statement of Program Service Accomplishments Note: in each of these years Blue Stars listed the drum corps as well as a program where "...approximately 35 middle school strudents participated in several musical performances, parades, and community service functions." Each of these extra programs had between approx. $6000 and $10,000 in revenue and expenses. Only the drum corps is listed below. 2009: Revenue: $798,434, Expenses: $740,053, Net: $58,381 2010: Revenue: $920,841, Expenses: $906,844, Net: $13,997 2011: Revenue: $964,184, Expenses: $919,488, Net: $44,696 Personal observation: So, it seems as though the drum corps program produces a small profit. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 12, 2012 Author Share Posted December 12, 2012 The Blue Stars Employees/Volunteers 2009: 2/75 2010: 5/100 2011: 8/100 Personal Observation: So, more employees presumably means more salaries paid, yet their bottom line is little changed. That's a good sign, it seems. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 12, 2012 Author Share Posted December 12, 2012 The Blue Stars Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees and Independent Contractors 2009: Brad Furlano: $41,667, Howard Weinstein: $46,875 2010: Brad Furlano: $40,000, Howard Weinstein: $45,000 2011: Brad Furlano: $40,000, Howard Weinstein: $45,000 Note: Brad is ED and Howard is Corps Director Quote Link to comment Share on other sites More sharing options...
garfield Posted December 12, 2012 Author Share Posted December 12, 2012 The Blue Stars Statement of Revenue Note: Those of you who have been following along through all 670 posts will be pleased to see that Revenue line items are consistent across all three years. Note: Revenue is broken down into three major categories: "Contributions, gifts, grants, etc", "Program Service Revenue", and "Other Revenue". We'll look at each category separately. Contributions, gifts, grants, etc Fundraising Events were NM and consistent across all three years, ranging from approx. $5,000 to $13,000 All Other contributions, etc 2009: $166,546 2010: $184,121 2011: $138,124 Note: Without knowing what's in the category, we can't safely say that the decline from '10 to '11 is a problem. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 12, 2012 Author Share Posted December 12, 2012 (edited) The Blue Stars Statement of Revenue Contributions, gifts, grants, etc Non-Cash contribuitons Note: This is really interesting. This is the first 990 where we've seen "non-cash" contributions itemized by line item. I'll list the total "non-cash" contributions and the line items included in the category. 2009: $89,027 2010: $77,096 2011: $66,812 Non-Cash contributions itemized / number of contributors 2009: Performance Equip: $60,651 / 5 Uniforms: $6,899 / 2 Generator: $7,430 / 2 Office Equip: $1,480 / 4 Food: $2,599 / 10 Maintenance: $2,132 / 6 Arrangements: $6,000 / 1 (note: Flowers?) Other: $1,835 / 14 2010: Perf. Equip: $31,576 / 2 Uniforms: $27,249 / 2 Arrangements: $6000 / 1 Food: $5,058 / 10 Office Equip: $2,655 / 5 Vehicle Costs: $2,260 / 19 Postage & Mail: $951 / 18 Tour equip: $920 / 7 Other: $427 / 6 2011: Perf. Equip: $29,679 / 2 Uniforms: $20,446 / 2 Arrangements: $6,000 / 1 Food: $2,054 / 10 Ofc Equip: $1,359 / 8 Vehicle Costs: $146 / 2 Postage: $498 / 4 Tour Equip: $4,183 / 12 Copies: $1,387 / 3 Investments: $1,060 / 1 Personal Observation: Look at this detail and record keeping; it's fascinating to me (but I'm wierd that way). Look how many people they asked to pay for specific items in running their program. They needed a generator, boom, done, two donors. They needed copies, boom, done, 3 donors. The investment category is extra intriguing, and we'll get to that program in a bit... Edited December 13, 2012 by garfield Quote Link to comment Share on other sites More sharing options...
garfield Posted December 13, 2012 Author Share Posted December 13, 2012 The Blue Stars Total Contributions, gifts, grants, etc 2009: $171,290 2010: $190,365 2011: $152,058 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 13, 2012 Author Share Posted December 13, 2012 The Blue Stars Statement of Revenue Program Service Revenue Membership Dues and Assessments 2009: $422,236 2010: $473,344 2011: $512,646 Note: there is no line item for "Camps" as we've seen in prior corps, so it's presumed that those fees are "Assessments" included in this category. Performance Fees 2009: $111,850 2010: $109,174 2011: $142,216 Note: Can someone look at placement to tell whether the higher Performance Fees in 2011 were possibly from higher placement? It may also be higher fees charged to TEP for corps performance. Regardless, 2011 showed a nice increase. Total Program Service Revenue 2009: $534,086 2010: $582,518 2011: $654,862 Personal observation: This is an impressive gain across all years. It seems the combination of higher membership fees and higher performance fees made a significant difference. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 13, 2012 Author Share Posted December 13, 2012 (Hey bstar82, if you can shed any light on these numbers, please speak up.) Quote Link to comment Share on other sites More sharing options...
mcjordansc Posted December 13, 2012 Share Posted December 13, 2012 One thing we know is the Blue Stars typically are at the top of the list when it comes to the number of shows each year. Quote Link to comment Share on other sites More sharing options...
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