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The 990's


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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.

So they don't compete against the big boys because of their human interaction? How is their's different than PR, or Crown?

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The Crossmen

Revenue

Note: Crossmen's 2009 filing is in the "short form" version so some detail is not available.

Note: Revenues are categorized as either "Contributions, gifts, grants, etc", "Program Service", or "Other Revenue".

Contributions, gifts, grants, etc

2009: $31,853

2010: $66,161

2011: $70,986

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The Crossmen

(Sorry, forgot this earlier.)

Statement of Program Service Accomplishments

Note: The Crossmen list the A-corps, "Experience Camps", and "Experience Days" as accomplishments.

2009: Revenue: N/A, Expenses: $660,299

2010: Revenue: $673,074, Expenses: $661,178

2011: Revenue: $691,880, Expenses: $761,308

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The Crossmen

Revenue

Program Service Revenue

Registration/tuition

2009: $603,901 (this number is all program service, not broken out into these sub-categories)

2010: $611,181

2011: $631,010

Other Program Revenue

2009: N/A

2010: $16,795

2011: $6,664

Other Revenue

2009: $157,175

2010: $67,799

2011: $139,589

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So they don't compete against the big boys because of their human interaction? How is their's different than PR, or Crown?

A 'competitively successful' team has to have people engaging in human interaction with singleness of purpose to win, individual commitment to group effort for competitive success, a belief that if you accept hanging out near twelfth and thirteenth it becomes a habit, and that the common goal of competitive success is also a human interaction habit. The human interaction common goals for staff within the Colts have never been to 'win' or be 'highly competitive' but goals based on various other reasons; ergo they have never risen competitively to the top five even though they are financially there with some at the top. That is the difference.

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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

odd. I thought the move to Texas was supposed to be better for them from the get go

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The Crossmen

Expenses

(Note: Each expense line item can be categorized in one or more of three definitions: "Program Service Expense (PSE)", "Management and Other Expense (MGE)", or "Fundraising Expense (FRE)".)

(Note: Crossmen's 2009 report does not break down expenses into the above categories, but I'll report obvious totals as they are available.)

Total Compensation (and benefits in 2009)

2009: $87,383

2010: PSE: $14,000, MGE: $52,000, Total: $66,000

2011: PSE: $12,831, MGE: $54,929, Total: $67,780

Camp Expenses

2009: Not identifiable

2010: PSE: $56,204

2011: PSE: $27,866

Spring Training

2009: Not identifiable

2010: PSE: $23,914

2011: PSE: $30,161

Note: There are many expense line entries that don't align, or aren't duplicated, year to year. Because of this fact I'll not report each line item and, instead, summarize the expenses by category in the next post.

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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?

The Crossmen

Program "Efficiency" (as defined above)

2009: Total Expenses, $808,963, not identifiable by category

2010: Of $769,649 in total expenses, $661,178 (85.6%) was PSE

2011: Of $844,463 in total expenses, $761,308 (90.1%) was PSE

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The Crossmen

Balance Sheet

Cash

2009: $32,444

2010: $12,588

2011: $10,436

Accounts Receivable

2009: $23,144

2010: $39,614

2011: $27,614

Inventories for sale or use

2009: $59,746

2010: $54,557

2011: $69,123

Land, Buildings, and equipment (at cost less accumulated depreciation)

2009: $233,852

2010: $204,784

2011: $247,723

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Liabilities

Accounts Payable

2009: $135,013

2010: $133,454

2011: $130,817

Payable to current and former officers, directors, trustees, etc

2009: $38.000

2010: $36,000

2011: $45,000

Note: These payables are to Fred Morrisson and his wife for personal loans to the corps

Secured Mortgages and notes payable

2009: $200,530

2010: $177,246

2011: $195,012

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