Jump to content

Financial Impact of a Lost Season


Recommended Posts

Obviously this will be one the big discussions during the season, and we’re already beginning to see the dominos start to fall.
 

Earlier today DCI furloughed/laid off two-thirds of its office staff, leaving a “Skelton crew” in place to plan for 2021. Now I’m really beginning to wonder if 2019 was the final DCI season ever. 

 

Edited by Newseditor44
  • Sad 3
Link to comment
Share on other sites

And in case anyone is wondering how the larger corps are handling this, here is an excerpt from the BD FAQ for members:

Will there be a 2021 season for the A Corps, B Corps, and C Corps?
We are working on those plans now with our drum corps partners, Drum Corps International, BDPA staff, and BDPA Board of Directors. We are taking a "yes" position as we work through these very difficult issues. Please look for more information soon.
  • Thanks 3
Link to comment
Share on other sites

non profits are eligible for help from the new legislation, and i expect more legislation can help as it rolls out. maybe now some groups will get their #### together on fundraising and financial planning

  • Like 4
  • Thanks 2
Link to comment
Share on other sites

 Back in the fall there was quite a bit of discussion on here about the guidelines that DCI set for corps being approved for World Class and Open Class. A lot of that was in response to the situation with Pioneer but many of those ideas if put in place would help out the corps in a situation like this. One was a financial reserve I think it was 50k for World class corps. I don't think they were thinking of this happening but those that had that are better off now. It also said that corps should make efforts to ensure they have non tour or dues revenue I think the # was 40%.  I know that a lot of this was theoretical, I mean who doesn't want outside revenue,  However I think that there they recognized that that old models of running corps  needed to change.  Hopefully corps listened to what DCI (made of their own leaders) put out and will be able to weather this storm.  

Link to comment
Share on other sites

https://www.councilofnonprofits.org/trends-policy-issues/initial-analysis-of-the-coronavirus-aid-relief-and-economic-security-act-cares

This analysis, from what I can tell, looks like there's not much direct relief for non-profits, but those who donate to corps (individuals and corporations) will see significant benefits.

(I'm a music teacher... could be wrong!)

Are corps 'educational' entities? States were given several billion to help 'education.'  Not sure what this will be used for... probably paying salaries, etc., for school employees.  I'm still getting a paycheck even though I'm positive Virginia's economy is struggling right now.  Very thankful, by the way!   

Link to comment
Share on other sites

3 minutes ago, ranintothedoor said:

https://www.councilofnonprofits.org/trends-policy-issues/initial-analysis-of-the-coronavirus-aid-relief-and-economic-security-act-cares

This analysis, from what I can tell, looks like there's not much direct relief for non-profits, but those who donate to corps (individuals and corporations) will see significant benefits.

(I'm a music teacher... could be wrong!)

Are corps 'educational' entities? States were given several billion to help 'education.'  Not sure what this will be used for... probably paying salaries, etc., for school employees.  I'm still getting a paycheck even though I'm positive Virginia's economy is struggling right now.  Very thankful, by the way!   

My guess is educational entities would be schools, after school programs, GED and adult literacy programs, and perhaps job training programs. We see drum corps as educational, which it is, and instructors often use the word teach, which they do, and educate/education is probably in mission statements, but my guess is that drum corps would be seen as a youth activity or an arts program. However, you never know. Anyone who has ever written a grant can tell you is a great deal depends on how you define things. I would think corps that have programs that reach the young people in the local community might qualify as educational entities. If it’s not a matching grant, that could help the corps.

  • Like 1
Link to comment
Share on other sites

8 hours ago, Jeff Ream said:

non profits are eligible for help from the new legislation, and i expect more legislation can help as it rolls out. maybe now some groups will get their #### together on fundraising and financial planning

And wouldn’t this be the perfect moment for a coordinated effort led or supported by DCI office, on behalf of all the corps?  I’ll answer my own question:  yes.  Of all the many things that are not Dan Acheson’s job, it seems like this is one area where a coordinated, global effort would benefit the entire DCI family of corps. Otherwise it becomes an *every man for himself* situation. 

Edited by HockeyDad
Link to comment
Share on other sites

11 minutes ago, ranintothedoor said:

https://www.councilofnonprofits.org/trends-policy-issues/initial-analysis-of-the-coronavirus-aid-relief-and-economic-security-act-cares

This analysis, from what I can tell, looks like there's not much direct relief for non-profits, but those who donate to corps (individuals and corporations) will see significant benefits.

(I'm a music teacher... could be wrong!)

Are corps 'educational' entities? States were given several billion to help 'education.'  Not sure what this will be used for... probably paying salaries, etc., for school employees.  I'm still getting a paycheck even though I'm positive Virginia's economy is struggling right now.  Very thankful, by the way!   

Yes, definitely, corps are educational entities!

Income from loans can tide over the cash flow against KNOWN and DEFINITIVE income expected.  They cannot, and should not, be used with a plan for repayment based solely on hope.

  • Like 1
Link to comment
Share on other sites

27 minutes ago, HockeyDad said:

And wouldn’t this be the perfect moment for a coordinated effort led or supported by DCI office, on behalf of all the corps?  I’ll answer my own question:  yes.  Of all the many things that are not Dan Acheson’s job, it seems like this is one area where a coordinated, global effort would benefit the entire DCI family of corps. Otherwise it becomes an *every man for himself* situation. 

DCI has no money.

Most corps have no money.

You're going to tell the people who have made money on their own sweat and decisions that they have to give up those efforts to let those who have no money call the shots?

Socialism is not good in governments or in drum corps.

Besides, each org has its own tax ID number.  If DCI got the money, how would they divvy it up between the corps?  Evenly?  Pro-rata based on placement?  By demonstrated need?

This activity is a brotherhood of individual corps that utilize an organizing event manager to create a performance circuit on which to perform.  That's a LOT different that DCI being responsible for charitable fundraising and financial planning.  I can hear it now:  "We already do that really well.  Why should we pay DCI to do that for others who haven't demonstrated an ability to repeat it or even a willingness to learn from those who have already done it?"

Link to comment
Share on other sites

Does anyone know when corps order/receive their merchandise ?

If they are locked in and can't cancel,maybe DCI could work with them

to set up a way to easily link to each corps' "store",since some are on a separate site.

May not help a lot,but if they can sell what they already bought,its something.

 

 

Edited by rpbobcat
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...