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The 990's


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Pardon me, I'm certainly no businessperson; I should have said expenditures, or possibly income (but I'm not even sure of that), not revenues. The corps has quite high expenditures as compared to other organizations. The bingo hall in particular had lost its viability in recent years, and turned into a net operating loss for the corps (which I understand is becoming more and more common, sadly).

We'll see expenses coming up in a few posts. But I think the revenue numbers above confirm your comments that their bingo operation has faltered in recent years.

Is the casino open in Toledo yet? The Columbus casino opened just a month or so ago. Possibly that's why bingo failed.

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If you're talking specifically about Program Service Expenses, I'll show those here beginning a little later tonight, and we should be able to verify your hunch when we look at the rest of 13 to 17 to 22.

Wait...we havn't finished the top 12 yet, either! When's that going to happen as well?

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Wait...we havn't finished the top 12 yet, either! When's that going to happen as well?

We did finish the top-12, except that Spirit's numbers are not available, so we did DCI and the Top-11, then skipped to Glassmen.

Or did I miss someone?

:blink:/>/>

Click the link in post 738 to see the summary spreadsheet of the top-11.

Edited by garfield
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We did finish the top-12, except that Spirit's numbers are not available, so we did DCI and the Top-11, then skipped to Glassmen.

Or did I miss someone?

:blink:/>/>/>/>/>

Click the link in post 738 to see the summary spreadsheet of the top-11.

did you do Crossmen? Spirit finished 11th last year.

or you might be going by another "top 12" ranking, which is fine, just might be what is confusing the other poster.

Edited by soccerguy315
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did you do Crossmen? Spirit finished 11th last year.

or you might be going by another "top 12" ranking, which is fine, just might be what is confusing the other poster.

I thought I was losing my mind there for a moment...

We're recapping the 2011 finishing order to align with the available 990s. The 2012's won't be available until next year.

Crossmen are coming up in another two or three corps.

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I thought I was losing my mind there for a moment...

We're recapping the 2011 finishing order to align with the available 990s. The 2012's won't be available until next year.

Crossmen are coming up in another two or three corps.

good explanation... i'm sure you said that at some point about 80 pages ago, haha. Now I am on the same page as you. :thumbup:

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Net Income from gaming activities

2009: $107,252

2010: $71,130

2011: $7,310

In a word, ouch.

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Pardon me, I'm certainly no businessperson; I should have said expenditures, or possibly income (but I'm not even sure of that), not revenues. The corps has quite high expenditures as compared to other organizations. The bingo hall in particular had lost its viability in recent years, and turned into a net operating loss for the corps (which I understand is becoming more and more common, sadly).

Gaming laws vary from state to state; but for the most part the restrictions placed on bingo programs operated by non-profits versus the liberal "courtesies" allowed under gaming (bingo) laws for Native American (as example) operations makes it almost totally impossible to compete for the same clientele. Except for geographic small pockets nationally; non-profit bingo is dead, or at a minimum, a fading shadow of itself.

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The Glassmen

Expenses

Compensation of Officers, Directors, Trustees, Key Employees, etc

Note: Glassmen listed 12 of the above in 2009, eight in 2010, and 7 in 2011. In all years, only the ED, Brian Hickman, is shown as receiving a salary.

2009: $65,333

2010: $56,500

2011: $37,067

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The Glassmen

Statement of Functional Expenses

(Note: Line item Expenses are broken down in three categories: Program Service Expenses (PSE), Management and General Expenses (MGE) and Fundraising Expenses (FRE). Each entry can be divided into one or more of these categories.)

Other Salaries and wages

2009: PSE: $170,393

2010: PSE: $155,855

2011: PSE: $121,587

Occupancy

2009: MGE: $70,530

2010: MGE: $58,245

2011: MGE: $53,080

Travel

2009: PSE: $185,320, MGE: $1,978, Total: $187,298

2010: PSE: $186,874, MGE: $1,176, Total: $188,050

2011: PSE: $180,495, MGE: $1,230, Total: $181,725

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