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The 990's


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The Colts

Balance Sheet

Assets

Cash & Savings

2009: $9,663

2010: ($2,243)

2011: $27,768

Accounts Receivable

2009: $172,523

2010: $187,969

2011: $193,036

Inventories for sale or use

2009: $20,214

2010: $21,760

2011: $26,647

Land, buildings, equipment (@ cost less accumulated depreciation)

2009: $472,749

2010: $439,412

2011: $409,458

Note: It's worth mentioning again that these land, building, & equipment values are at COST less depreciation, NOT market value)

Total Assets:

2009: $675,149

2010: $646,898

2011: $656,909

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The Colts

Balance Sheet

Liabilities

Accounts Payable

2009: $83,567

2010: $94,766

2011: $103,855

Secured mortgages and notes payable to unrelated parties

2009: $303,655

2010: $285,835

2011: $352,010

Other Liabilities

2009: $38,362

2010: $76,411

2011: $73,255

Total Liabilities

2009: $425,584

2010: $457,012

2011: $529,120

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The Colts

Net Assets or Fund balances

Capital stock or trust principal, or current funds remained at $241,470 in all three years.

Total Net Assets or Fund Balances

2009: $249,565

2010: $189,886 (minus $59,679 [24%] from 2009)

2011: $127,789 (minus $62,097 [32,7%] from 2010, minus $121,776 [48.7%] from 2009)

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The Crossmen

Revenue, Expenses, and Net Assets

The Bottom Line

Revenue

2009: $792,929

2010: $761,936

2011: $848,249

Expenses

2009: $808,963

2010: $769,649

2011: $844,463

Net Revenue (loss)

2009: ($16,034) a loss

2010: ($7,713) ditto

2011: $3,786

Net Assets

2009: ($24,357) more liabilities than assets

2010: ($25,157) ditto

2011: ($15,933) ditto

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... 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?

There are two sides of the coin: Side one is the 'business and finance' aspect and side two is the 'human interaction and personality' aspect. The 990's show only one side of the coin.

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There are two sides of the coin: Side one is the 'business and finance' aspect and side two is the 'human interaction and personality' aspect. The 990's show only one side of the coin.

But Stu, without the 'business and finance" aspect, is there a 'human interaction and personality' aspect?

Without attention to the the business and finance, the only human interaction will be a bunch of guys sitting around and talking about the good ole days.

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But Stu, without the 'business and finance" aspect, is there a 'human interaction and personality' aspect?

I agree that financial responsibility and accountability is vital to the survival of a corps; but that was not your question. Your question was (why this corps doesn't seem to 'compete' with the other "big boys" when they seem to spend like one?) The answer is the flip side of the coin; human interaction and personality issues. Competitive prowess 'on the field' is about the human interaction while the financial accountability is about 'off the field' corporate stability.

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