A previous thread raised questions about financial support for the Corps, so I looked up the Forms 990 for the Corps of Cadets Association. 990s are required to be publicly disclosed by non-profit organizations as a means of transparency to satisfy the public trust, since organizations like this are tax-exempt.
Below are basic summaries of 990 information for 2008, 2009 and 2010, a period that covers years during the tenure of both General Van Alstyne and General Ramirez, although not a full year for General Ramirez. As you will see, revenues for 2010 were up significantly from 2009. However, you will also notice that overhead expenses, salaries in particular, are also very high for a non-profit with a budget in the range of the CCA. While revenues have increased 16.9% since 2008, direct support to the Corps is down a total of 36.7% over the same period.
“Other revenue” includes investment income, proceeds from the sale of goods (shirts, etc.), and anything that is not classified as membership dues. “Other admin/overhead expenses” includes expenses such as travel, fundraising, cost of goods sold (shirts, etc.), membership plaques, equipment, etc.).
I will present this information without subjective commentary or personal opinion.
____________________________
2010
Total Revenue: $995,118 (up 12.2% from 2009)
- Member Dues: $737,814
- Other: $161,613
Total Expenses: $787,390 (up 5.5% from 2009)
- Direct support of the Corps: $117,982 (down 11.4% from 2009)
- Salaries paid: $339,988 (Executive Director’s salary: $133,147)
- Other admin/overhead: $329,420
For every one dollar donated …
- $0.34 paid the salary of CCA staff
- $0.33 paid remaining administrative costs
- $0.21 was held in cash reserves
- $0.12 directly supported the Corps and cadet programs
From a percentage perspective, CCA spends 67% on administrative expenses and only 12% on actual support of the Corps of Cadets. 21% goes unspent.
____________________________
2009
Total Revenue: $886,546 (up 4.2% from 2008)
- Member Dues: $711,901
- Other: $174,645
Total Expenses: $746,384 (down 3.2% from 2008)
- Direct support of the Corps: $133,150 (down 28.5% from 2008)
- Salaries paid: $291,006 (Executive Director’s salary: $121,380)
- Other admin/overhead: $322,228
For every one dollar donated …
- $0.33 paid the salary of CCA staff
- $0.36 paid remaining administrative costs
- $0.16 was held in cash reserves
- $0.15 directly supported the Corps and cadet programs
From a percentage perspective, CCA spent 69% on administrative expenses and only 15% on actual support of the Corps of Cadets. 16% went unspent.
____________________________
2008
Total Revenue: $851,085
- Member Dues: $757,407
- Other: $93,678
Total Expenses: $770,891
- Direct support of the Corps: $186,273
- Salaries paid: $163,223 (Executive Director’s salary: $105,438)
- Other admin/overhead: $421,395
For every one dollar donated …
- $0.19 paid the salary of CCA staff
- $0.50 paid for remaining administrative costs
- $0.09 was held in cash reserves
- $0.22 directly supported the Corps and cadet programs
From a percentage perspective, CCA spent 69% on administrative expenses and only 22% on actual support of the Corps of Cadets. 9% went unspent.
For perspective on non-profit salaries, the average salary for a non-profit executive director with an annual budget of $500,000 to $1 million is $68,175. (Source: Arizona State University)
[edit: I previously included a reference to pension/retirement contributions. Those appeared on the 2009 Form 990. It was brought to my attention that such reporting was an error by their accountant, and the CCA will be filing a corrected 990 with the IRS.]
[This message has been edited by Ryan the Temp (edited 12/22/2011 10:54a).]
Below are basic summaries of 990 information for 2008, 2009 and 2010, a period that covers years during the tenure of both General Van Alstyne and General Ramirez, although not a full year for General Ramirez. As you will see, revenues for 2010 were up significantly from 2009. However, you will also notice that overhead expenses, salaries in particular, are also very high for a non-profit with a budget in the range of the CCA. While revenues have increased 16.9% since 2008, direct support to the Corps is down a total of 36.7% over the same period.
“Other revenue” includes investment income, proceeds from the sale of goods (shirts, etc.), and anything that is not classified as membership dues. “Other admin/overhead expenses” includes expenses such as travel, fundraising, cost of goods sold (shirts, etc.), membership plaques, equipment, etc.).
I will present this information without subjective commentary or personal opinion.
____________________________
2010
Total Revenue: $995,118 (up 12.2% from 2009)
- Member Dues: $737,814
- Other: $161,613
Total Expenses: $787,390 (up 5.5% from 2009)
- Direct support of the Corps: $117,982 (down 11.4% from 2009)
- Salaries paid: $339,988 (Executive Director’s salary: $133,147)
- Other admin/overhead: $329,420
For every one dollar donated …
- $0.34 paid the salary of CCA staff
- $0.33 paid remaining administrative costs
- $0.21 was held in cash reserves
- $0.12 directly supported the Corps and cadet programs
From a percentage perspective, CCA spends 67% on administrative expenses and only 12% on actual support of the Corps of Cadets. 21% goes unspent.
____________________________
2009
Total Revenue: $886,546 (up 4.2% from 2008)
- Member Dues: $711,901
- Other: $174,645
Total Expenses: $746,384 (down 3.2% from 2008)
- Direct support of the Corps: $133,150 (down 28.5% from 2008)
- Salaries paid: $291,006 (Executive Director’s salary: $121,380)
- Other admin/overhead: $322,228
For every one dollar donated …
- $0.33 paid the salary of CCA staff
- $0.36 paid remaining administrative costs
- $0.16 was held in cash reserves
- $0.15 directly supported the Corps and cadet programs
From a percentage perspective, CCA spent 69% on administrative expenses and only 15% on actual support of the Corps of Cadets. 16% went unspent.
____________________________
2008
Total Revenue: $851,085
- Member Dues: $757,407
- Other: $93,678
Total Expenses: $770,891
- Direct support of the Corps: $186,273
- Salaries paid: $163,223 (Executive Director’s salary: $105,438)
- Other admin/overhead: $421,395
For every one dollar donated …
- $0.19 paid the salary of CCA staff
- $0.50 paid for remaining administrative costs
- $0.09 was held in cash reserves
- $0.22 directly supported the Corps and cadet programs
From a percentage perspective, CCA spent 69% on administrative expenses and only 22% on actual support of the Corps of Cadets. 9% went unspent.
For perspective on non-profit salaries, the average salary for a non-profit executive director with an annual budget of $500,000 to $1 million is $68,175. (Source: Arizona State University)
[edit: I previously included a reference to pension/retirement contributions. Those appeared on the 2009 Form 990. It was brought to my attention that such reporting was an error by their accountant, and the CCA will be filing a corrected 990 with the IRS.]
[This message has been edited by Ryan the Temp (edited 12/22/2011 10:54a).]
