Twelve for 12
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Last: 2 mo ago by FishrCoAg
I hate to be the wet blanket, but every one of these "Texas Aggies United" threads needs a disclaimer that the owners of this website are taking a 15% cut of each donation for administrative overhead. That has always struck me as a very high percentage.
It's made a clear on the About page on the Texas Aggies United website. Other schools' collectives are not nearly as transparent.
The average administrative cost for nonprofits is about 20% so it doesn't seem out of line to me.
The average administrative cost for nonprofits is about 20% so it doesn't seem out of line to me.
dabo man said:
I hate to be the wet blanket, but every one of these "Texas Aggies United" threads needs a disclaimer that the owners of this website are taking a 15% cut of each donation for administrative overhead. That has always struck me as a very high percentage.
And with that 15%, they are putting on a banquet, giving gifts, paying people to do things like plan banquets, purchase and organize the gifts. Also, somewhere along the way, they need to pay an accounting staff to make sure the money gets paid to the players.
And if the NIL part includes having the players come in and do interviews, they need an interviewer and production staff to put those interviews together.
Yeah these jackets right here would be pretty badass gifts. You have connections Trouble make it happen please!trouble said:
Direct support for the baseball team through Texas Aggies United
https://twelvefor12.com
Shhhh, don't ruin a perfectly good rant with facts.
They used to give premium items like that- even when the Dugout Club was $250. I've still at least four of them and gave away at least six to friends.
Do you know if that's what they will be offering this year as "2 premium jackets" under the triple and home run levels?TXAGBQ76 said:
They used to give premium items like that- even when the Dugout Club was $250. I've still at least four of them and gave away at least six to friends.
I do not
Imma answer you on the dugout club thread
" Approximately 85% of every dollar generated through Texas Aggies United goes directly to student-athletes, with the remainder used to cover operating costs related to creating content, merchandise and experiences for our supporters. This is your opportunity to make an impact on student-athletes and help ensure the future success of Texas A&M Athletics."
It is NOT a non-profit. The benefits are targeted towards marketing in effect but I wouldn't be shocked if there are administrative costs they cover as well.
https://texasaggiesunited.com/about
It is NOT a non-profit. The benefits are targeted towards marketing in effect but I wouldn't be shocked if there are administrative costs they cover as well.
https://texasaggiesunited.com/about
And yet, they spend less than the average non-profit on admin/overhead costs.
That is being truly accountable. But they need to be audited regularly and have a public statement framing the claim.trouble said:
And yet, they spend less than the average non-profit on admin/overhead costs.
At the end of the day, you have to pay good people to run this thing. If you have an all volunteer force you'll more than likely raise less money (even factoring in the 15%), negotiate worse contracts with athletes and have a weaker product.trouble said:
And yet, they spend less than the average non-profit on admin/overhead costs.
If people are really upset with 15%, think about the overhead of the athletic department and the 12thman foundation and what % of the 200 million or so goes to the student athlete. Don't get me wrong, they are benefitting from the money not going to them and many of these expenditures are needed...but like any (quasi) government organization, there is a lot of bloat.
Go look at Red Cross, United Way, Susan Komen, etc. and see the ratio of salaries and operating costs bs how much money actually it to the cause itself.
Agreed. I think 15% is reasonable and like I said, much more transparent than most of the NIL collectives I found yesterday.OilAg01 said:At the end of the day, you have to pay good people to run this thing. If you have an all volunteer force you'll more than likely raise less money (even factoring in the 15%), negotiate worse contracts with athletes and have a weaker product.trouble said:
And yet, they spend less than the average non-profit on admin/overhead costs.
If people are really upset with 15%, think about the overhead of the athletic department and the 12thman foundation and what % of the 200 million or so goes to the student athlete. Don't get me wrong, they are benefitting from the money not going to them and many of these expenditures are needed...but like any (quasi) government organization, there is a lot of bloat.
That's why none of those orgs get my money. Charity Navigator https://www.charitynavigator.org/ is a great place to start your research.
The bloat in part benefits the contributors at least notionally. But like I said it also is inducement to contribute. Same for the baseball group that passes along texts from Earley which likely has a staffer coordinating.OilAg01 said:At the end of the day, you have to pay good people to run this thing. If you have an all volunteer force you'll more than likely raise less money (even factoring in the 15%), negotiate worse contracts with athletes and have a weaker product.trouble said:
And yet, they spend less than the average non-profit on admin/overhead costs.
If people are really upset with 15%, think about the overhead of the athletic department and the 12thman foundation and what % of the 200 million or so goes to the student athlete. Don't get me wrong, they are benefitting from the money not going to them and many of these expenditures are needed...but like any (quasi) government organization, there is a lot of bloat.
It's great to dig in but at some point you trust before you verify.
Yep
Just a few questions so as to help me form an educated opinion
How much money does TAU take in annually?
Unlike other charities, TAU is run by another business with income, employees, infrastructure and facilities. How much of this is shared vs. dedicated solely to TAU operations and administration?
What experience in the realm of NIL contracts and negotiations do the TAU staff have?
Depending on the answers to these questions, 15% may be way too high or low, or just where it should be. A quick perusal of the TAU site did not answer them.
How much money does TAU take in annually?
Unlike other charities, TAU is run by another business with income, employees, infrastructure and facilities. How much of this is shared vs. dedicated solely to TAU operations and administration?
What experience in the realm of NIL contracts and negotiations do the TAU staff have?
Depending on the answers to these questions, 15% may be way too high or low, or just where it should be. A quick perusal of the TAU site did not answer them.
It's a business not a charity. If it booked 15% as profit it would be relatively high net margin. It doesn't according to the description.FishrCoAg said:
Just a few questions so as to help me form an educated opinion
How much money does TAU take in annually?
Unlike other charities, TAU is run by another business with income, employees, infrastructure and facilities. How much of this is shared vs. dedicated solely to TAU operations and administration?
What experience in the realm of NIL contracts and negotiations do the TAU staff have?
Depending on the answers to these questions, 15% may be way too high or low, or just where it should be. A quick perusal of the TAU site did not answer them.
FishrCoAg said:
Just a few questions so as to help me form an educated opinion
How much money does TAU take in annually?
Unlike other charities, TAU is run by another business with income, employees, infrastructure and facilities. How much of this is shared vs. dedicated solely to TAU operations and administration?
What experience in the realm of NIL contracts and negotiations do the TAU staff have?
Depending on the answers to these questions, 15% may be way too high or low, or just where it should be. A quick perusal of the TAU site did not answer them.
Keep in mind, TAU is not a subsidiary of TexAgs. TAU has a CEO separate from TexAgs. It is a union between what TexAgs was doing in NIL (the interviews), the collective, and what TMF wanted to do in the NIL space (pay players to promote TMF).
But, because of the partnership, TAU is able to leverage the resources of TexAgs to produce NIL content, process payments, and reach an audience that only partially overlaps with TMFs audience. Similarly, because of the partnership with TMF, TAU can reach an audience that isn't TexAgs users but gives to Aggie Athletics. And likely also can leverage Aggie Athletics to reach corporate sponsors that have actively contributed to Aggie Athletics.
Is or is not TexAgs getting 15%? Because that is the narrative that is out there, and that people are upset about. If they are, and TAU also has other staff, then more transparent accounting is needed. If they are not getting that percentage, they need to make that clear.
FishrCoAg said:
Is or is not TexAgs getting 15%? Because that is the narrative that is out there, and that people are upset about. If they are, and TAU also has other staff, then more transparent accounting is needed. If they are not getting that percentage, they need to make that clear.
TexAgs was taking 15% when they started the NIL Interviews, which might be where the assumption comes from. But that was before TAU. Other than the 85% goes to student athletes, have we seen any details about where the 15% goes, or just a bunch of people assuming TAU=TexAgs? I get the assumption, with how TexAgs is all over the TAU website.
Guess someone needs to reach out to JT and talk with him.
From TAU Q&A page
"How is TexAgs involved with Texas Aggies United?
TexAgs is providing content production, technology, administrative, marketing, and athlete activation support and services to Texas Aggies United."
Taking advantage of TexAgs infrastructure seems like a good way to minimize the footprint of TAU staff. Given TexAgs already built out the infrastructure for doing the interviews, administering a subscription based payment system, etc.
"How is TexAgs involved with Texas Aggies United?
TexAgs is providing content production, technology, administrative, marketing, and athlete activation support and services to Texas Aggies United."
Taking advantage of TexAgs infrastructure seems like a good way to minimize the footprint of TAU staff. Given TexAgs already built out the infrastructure for doing the interviews, administering a subscription based payment system, etc.
Since Texas A&M lists the collective as its "official NIL partner." So there is room for the school to receive meaningful additional transparency reports like an audit claim. But the notion the school wants all of this made public is false.
BiochemAg97 said:
From TAU Q&A page
"How is TexAgs involved with Texas Aggies United?
TexAgs is providing content production, technology, administrative, marketing, and athlete activation support and services to Texas Aggies United."
Taking advantage of TexAgs infrastructure seems like a good way to minimize the footprint of TAU staff. Given TexAgs already built out the infrastructure for doing the interviews, administering a subscription based payment system, etc.
It would be really interesting to see the budget and org chart for TAU.
This isn't a Baptist business meeting and we aren't deacons.FishrCoAg said:BiochemAg97 said:
From TAU Q&A page
"How is TexAgs involved with Texas Aggies United?
TexAgs is providing content production, technology, administrative, marketing, and athlete activation support and services to Texas Aggies United."
Taking advantage of TexAgs infrastructure seems like a good way to minimize the footprint of TAU staff. Given TexAgs already built out the infrastructure for doing the interviews, administering a subscription based payment system, etc.
It would be really interesting to see the budget and org chart for TAU.
You can directly interact with athletes using A&Mplify as noted in this page:
https://www.12thmanfoundation.com/membership-giving/nil/index.html
greg.w.h said:This isn't a Baptist business meeting and we aren't deacons.FishrCoAg said:BiochemAg97 said:
From TAU Q&A page
"How is TexAgs involved with Texas Aggies United?
TexAgs is providing content production, technology, administrative, marketing, and athlete activation support and services to Texas Aggies United."
Taking advantage of TexAgs infrastructure seems like a good way to minimize the footprint of TAU staff. Given TexAgs already built out the infrastructure for doing the interviews, administering a subscription based payment system, etc.
It would be really interesting to see the budget and org chart for TAU.
You can directly interact with athletes using A&Mplify as noted in this page:
https://www.12thmanfoundation.com/membership-giving/nil/index.html
Need to fix the no priority points issue. I have been told that TAU owns the rights to the nil for the athletes signed with them, and all money goes to TAU until paid off, then it is split between the player and TAU. Any insight on this?
Agreed on the Priority points. The stated reason the foundation went away from it was for tax reasons. I.e., donors couldn't get a tax write off. I don't really care about the tax write off if I can get the points. That said, I have been told you can still call the foundation and tell them to put your money in the NIL bucket for a particular sport and they'll see that it gets there. I was also told directly by the 12thman Foundation that as long as it goes to the general fund it is tax deductible. I think they put all funds that aren't officially in the NIl bucket (that doesn't exist) in the general fund.
Either way, I don't think the 12thman Foudnation has done a good job educating people on all this. If it's only a tax issue, fire it back up and tell people they aren't getting a tax break but will get PP.
Either way, I don't think the 12thman Foudnation has done a good job educating people on all this. If it's only a tax issue, fire it back up and tell people they aren't getting a tax break but will get PP.
If you watch today's video, Caleb stated the goal is 1200 people at 1200 a year (or 1.45 million). Pretty good goal.
I think they should take it a step further…if you watch all 56 games at 3 hours a game, that's 168 hours of baseball (I realize this is unrealistic) or less than 7.50 per hour of entertainment if you watch on TV…that's pretty good value for the product given other entertainment options.
I think they should take it a step further…if you watch all 56 games at 3 hours a game, that's 168 hours of baseball (I realize this is unrealistic) or less than 7.50 per hour of entertainment if you watch on TV…that's pretty good value for the product given other entertainment options.
In a perfect world they work with A&Mplify to register the agreement. Not sure on cash flow. I know for a fact that with other schools the Alston funds are distributed by the school directly to the student athlete. Have no clue on tax because we only helped move the money with ACH-style EFT. It was a cluster mainly because the agents control the banking…FishrCoAg said:greg.w.h said:This isn't a Baptist business meeting and we aren't deacons.FishrCoAg said:BiochemAg97 said:
From TAU Q&A page
"How is TexAgs involved with Texas Aggies United?
TexAgs is providing content production, technology, administrative, marketing, and athlete activation support and services to Texas Aggies United."
Taking advantage of TexAgs infrastructure seems like a good way to minimize the footprint of TAU staff. Given TexAgs already built out the infrastructure for doing the interviews, administering a subscription based payment system, etc.
It would be really interesting to see the budget and org chart for TAU.
You can directly interact with athletes using A&Mplify as noted in this page:
https://www.12thmanfoundation.com/membership-giving/nil/index.html
Need to fix the no priority points issue. I have been told that TAU owns the rights to the nil for the athletes signed with them, and all money goes to TAU until paid off, then it is split between the player and TAU. Any insight on this?
Hearne_Ag said:Do you know if that's what they will be offering this year as "2 premium jackets" under the triple and home run levels?TXAGBQ76 said:
They used to give premium items like that- even when the Dugout Club was $250. I've still at least four of them and gave away at least six to friends.
When did this go out?!?!
Last week? Maaaaaaaybe 2 weeks ago? I've been meaning to post it but your little friends been driving me crazy.
dabo man said:
I hate to be the wet blanket, but every one of these "Texas Aggies United" threads needs a disclaimer that the owners of this website are taking a 15% cut of each donation for administrative overhead. That has always struck me as a very high percentage.
Yea, I agree. Making money on the athletes and University in a way. Always some guy that see monetization opportunities. Would have hoped we might be different.
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