TXAGBQ76 said:
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.
Quote:
How much of my contribution goes to student-athletes?
We estimate that 85% of membership fees will end up supporting Texas A&M student-athletes. Like any business, there are costs to operate a website, purchase merchandise, host dinners, etc., and we seek to keep such costs to an absolute minimum. If you are looking for the most efficient NIL contribution, we encourage you to consider a corporate sponsorship.
How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
Of course they aren't. But for the 200 million in revenue that is created via the athletic department, who is really generating it?FishrCoAg said:OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
None of those people in your first paragraph are getting a percentage of funds donated specifically to the athletes, with the possible exception of TMF funds donated for scholarships. Do you really think a person writing a 1 million dollar check is thinking "how cool, 150k of this is going for administration ". Point being, after all the infrastructure and salaries are paid, the percentage going to the athletes should increase due to economy of scale. It would be nice to see the budget to see what all the inputs you mention add up to.
OilAg01 said:Of course they aren't. But for the 200 million in revenue that is created via the athletic department, who is really generating it?FishrCoAg said:OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
None of those people in your first paragraph are getting a percentage of funds donated specifically to the athletes, with the possible exception of TMF funds donated for scholarships. Do you really think a person writing a 1 million dollar check is thinking "how cool, 150k of this is going for administration ". Point being, after all the infrastructure and salaries are paid, the percentage going to the athletes should increase due to economy of scale. It would be nice to see the budget to see what all the inputs you mention add up to.
Also, the volunteer BMA that ran TAU last year has stated multiple times (on another site) that if you donate 25k, you'll get a K-1, he'll take your call, answer your questions and you'll have access to the financials. They don't have the time (and it isn't worth their time, quite frankly) to answer all the guys that donate $100 to the cause.
I assure that the dude throwing 50 or so guys (his numbers not mine) carrying the load absolutely know where their money is going. For one, the get the financials and I would imagine 100% of them can read financial statements given their success in business.
Finally, these guys are donors.. They have 8-10 figure net worth. They aren't trying to make money off this. They want Aggie athletics to succeed at the highest levels and are putting their money up for a bunch of kids with the expectation of very low ROI.
I think the reason they don't disclose is it they don't want other schools to see our finances. Think how that could be used against us in recruiting. I am not sure it's all warranted but I am sure this is part of the line of thinking. Secondly, it's a small group that foots most of the bill. They know what's going on. So, the need to disclose all that info to the small donor isn't there. That said, they are trying like hell to get the masses to put up money. If the 12thman would give PP and take leadership on this, a lot of this would all be solved. You'd get your disclosure. But they've been reluctant to do that since the tax ruling. Not sure why we can't just not get the tax deduction but get the points. That's totally legal.FishrCoAg said:OilAg01 said:Of course they aren't. But for the 200 million in revenue that is created via the athletic department, who is really generating it?FishrCoAg said:OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
None of those people in your first paragraph are getting a percentage of funds donated specifically to the athletes, with the possible exception of TMF funds donated for scholarships. Do you really think a person writing a 1 million dollar check is thinking "how cool, 150k of this is going for administration ". Point being, after all the infrastructure and salaries are paid, the percentage going to the athletes should increase due to economy of scale. It would be nice to see the budget to see what all the inputs you mention add up to.
Also, the volunteer BMA that ran TAU last year has stated multiple times (on another site) that if you donate 25k, you'll get a K-1, he'll take your call, answer your questions and you'll have access to the financials. They don't have the time (and it isn't worth their time, quite frankly) to answer all the guys that donate $100 to the cause.
I assure that the dude throwing 50 or so guys (his numbers not mine) carrying the load absolutely know where their money is going. For one, the get the financials and I would imagine 100% of them can read financial statements given their success in business.
Finally, these guys are donors.. They have 8-10 figure net worth. They aren't trying to make money off this. They want Aggie athletics to succeed at the highest levels and are putting their money up for a bunch of kids with the expectation of very low ROI.
There's no reason not to have a web portal available only to donors with the financial statement on it, or an email list of donors that receive annual reports. Kinda like every company does with their shareholders, big or small.
I can't tell what your next to last paragraph is trying to say, and not sure who "these guys" in the last one are, so won't comment on that
OilAg01 said:I think the reason they don't disclose is it they don't want other schools to see our finances. Think how that could be used against us in recruiting. I am not sure it's all warranted but I am sure this is part of the line of thinking. Secondly, it's a small group that foots most of the bill. They know what's going on. So, the need to disclose all that info to the small donor isn't there. That said, they are trying like hell to get the masses to put up money. If the 12thman would give PP and take leadership on this, a lot of this would all be solved. You'd get your disclosure. But they've been reluctant to do that since the tax ruling. Not sure why we can't just not get the tax deduction but get the points. That's totally legal.FishrCoAg said:OilAg01 said:Of course they aren't. But for the 200 million in revenue that is created via the athletic department, who is really generating it?FishrCoAg said:OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
None of those people in your first paragraph are getting a percentage of funds donated specifically to the athletes, with the possible exception of TMF funds donated for scholarships. Do you really think a person writing a 1 million dollar check is thinking "how cool, 150k of this is going for administration ". Point being, after all the infrastructure and salaries are paid, the percentage going to the athletes should increase due to economy of scale. It would be nice to see the budget to see what all the inputs you mention add up to.
Also, the volunteer BMA that ran TAU last year has stated multiple times (on another site) that if you donate 25k, you'll get a K-1, he'll take your call, answer your questions and you'll have access to the financials. They don't have the time (and it isn't worth their time, quite frankly) to answer all the guys that donate $100 to the cause.
I assure that the dude throwing 50 or so guys (his numbers not mine) carrying the load absolutely know where their money is going. For one, the get the financials and I would imagine 100% of them can read financial statements given their success in business.
Finally, these guys are donors.. They have 8-10 figure net worth. They aren't trying to make money off this. They want Aggie athletics to succeed at the highest levels and are putting their money up for a bunch of kids with the expectation of very low ROI.
There's no reason not to have a web portal available only to donors with the financial statement on it, or an email list of donors that receive annual reports. Kinda like every company does with their shareholders, big or small.
I can't tell what your next to last paragraph is trying to say, and not sure who "these guys" in the last one are, so won't comment on that
Last paragraph of the previous reply- Across these types of threads there are a lot people that imply that adults are just mooching off the kids (I'd argue university officials are a lot more guilty of this than them). The money these donors are donating is a rounding error to them. I assure you they aren't trying to make a small return on this and know the ROI is going to be negative. They are also footing the overhead bill b/c the negotiations and fundraising takes a ton of time. It's a full time job. The one thing rich people value more than anything is their time. That's why they have hired people to do these functions. It's the big guys paying the overhead not the masses and they are OK with 15% of the money "leaking" out to staff.
As for the public company reference, sort of fair point...As someone who spent over a decade on wall street I 100% assure you the largest shareholders (fund managers) get a lot more attention than small shareholder (who get the 10k/10Q/Investor presentation from the website). Now those discussions are usually supervised by counsel to make sure no MNPI is put out...but that doesn't mean they don't have access to more information. Just how a CEO/CFO answers a question can be leading. The well known equity analysts get similar treatment and are also on the public side of the wall.
FishrCoAg said:OilAg01 said:Of course they aren't. But for the 200 million in revenue that is created via the athletic department, who is really generating it?FishrCoAg said:OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
None of those people in your first paragraph are getting a percentage of funds donated specifically to the athletes, with the possible exception of TMF funds donated for scholarships. Do you really think a person writing a 1 million dollar check is thinking "how cool, 150k of this is going for administration ". Point being, after all the infrastructure and salaries are paid, the percentage going to the athletes should increase due to economy of scale. It would be nice to see the budget to see what all the inputs you mention add up to.
Also, the volunteer BMA that ran TAU last year has stated multiple times (on another site) that if you donate 25k, you'll get a K-1, he'll take your call, answer your questions and you'll have access to the financials. They don't have the time (and it isn't worth their time, quite frankly) to answer all the guys that donate $100 to the cause.
I assure that the dude throwing 50 or so guys (his numbers not mine) carrying the load absolutely know where their money is going. For one, the get the financials and I would imagine 100% of them can read financial statements given their success in business.
Finally, these guys are donors.. They have 8-10 figure net worth. They aren't trying to make money off this. They want Aggie athletics to succeed at the highest levels and are putting their money up for a bunch of kids with the expectation of very low ROI.
There's no reason not to have a web portal available only to donors with the financial statement on it, or an email list of donors that receive annual reports. Kinda like every company does with their shareholders, big or small.
I can't tell what your next to last paragraph is trying to say, and not sure who "these guys" in the last one are, so won't comment on that
BiochemAg97 said:FishrCoAg said:OilAg01 said:Of course they aren't. But for the 200 million in revenue that is created via the athletic department, who is really generating it?FishrCoAg said:OilAg01 said:How do you feel about the coaches? The athletic department employees? The 12thman Association? The concession stand workers? The collective group of the above also makes money off of the student athlete. If I had to guess the overhead is greater than 15% and the student athlete doesn't get 85% even if you add in all the benefits.dcg4403 said:TXAGBQ76 said:
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.
Great justification. Terrible analogy. There are known nonprofits that are operated horribly and you just listed a few of them.
It would be awesome if 100% of the money went to the Student athlete but that's just not realistic. We need someone to put together the promotions, events, accounting, etc....that takes money. We need someone to negotiate with the agents or facilitate that discussion. We also need someone to liaison with the coaching staff on which players and how much. Finally, we need some to raise the money from the big donors. The guys that write the big checks. That all takes paid individuals.
None of those people in your first paragraph are getting a percentage of funds donated specifically to the athletes, with the possible exception of TMF funds donated for scholarships. Do you really think a person writing a 1 million dollar check is thinking "how cool, 150k of this is going for administration ". Point being, after all the infrastructure and salaries are paid, the percentage going to the athletes should increase due to economy of scale. It would be nice to see the budget to see what all the inputs you mention add up to.
Also, the volunteer BMA that ran TAU last year has stated multiple times (on another site) that if you donate 25k, you'll get a K-1, he'll take your call, answer your questions and you'll have access to the financials. They don't have the time (and it isn't worth their time, quite frankly) to answer all the guys that donate $100 to the cause.
I assure that the dude throwing 50 or so guys (his numbers not mine) carrying the load absolutely know where their money is going. For one, the get the financials and I would imagine 100% of them can read financial statements given their success in business.
Finally, these guys are donors.. They have 8-10 figure net worth. They aren't trying to make money off this. They want Aggie athletics to succeed at the highest levels and are putting their money up for a bunch of kids with the expectation of very low ROI.
There's no reason not to have a web portal available only to donors with the financial statement on it, or an email list of donors that receive annual reports. Kinda like every company does with their shareholders, big or small.
I can't tell what your next to last paragraph is trying to say, and not sure who "these guys" in the last one are, so won't comment on that
I can think of a few reasons not to put all that out there for anyone paying $25/month. TexAgs should have taught you by now that information doesn't stay private just because it is behind a paywall. The annual statement for TAU could provide other schools with a competitive advantage. Wouldn't it be great to know the cash flow of the NIL programs at other schools?
BTW, all those corporations with shareholder only put out public financial statements because it is required by law.
And you are a customer of TAU, not investor/shareholder. Unless you were one of the guys getting a K1 from the collective, but then you would know the financials by reading the K-1.
