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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?

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

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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

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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

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Oregon Crusaders

Balance Sheet

Liabilities

2009: $0

2010: $0

2011: $24,896

Net Assets

2009: $8,375

2010: $55,236

2011: $65,351

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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!)

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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.

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"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 by garfield

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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 by garfield

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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

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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

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