Bluecoats Drum And Bugle Corps
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- North Canton, OH
- Founding
- 04/1988
- Data as of
- 10/2020
- EIN
- 34-1563908
Organization Overview
Bluecoats Drum And Bugle Corps is located in North Canton, OH. The organization was established in 1988. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2021, Bluecoats Drum And Bugle Corps employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluecoats Drum And Bugle Corps is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, Bluecoats Drum And Bugle Corps generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $1.0m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PROGRAM FOR YOUTH IN MUSIC AND PERFORMANCE TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DRUM & BUGLE CORPS IS DEDICATED TO PROVIDING A PROGRAM FOR YOUTH IN MUSIC AND PERFORMANCE, TRAINING, LEADERSHIP, PERSONAL CHARACTER, SELF DISCIPLINE, WITH EMPHASIS ON SOCIAL DEVELOPMENT SKILLS. THE CORPS PROVIDES AN OPPORTUNITY FOR 150 MEMBERS TO TRAVEL THE COUNTRY DURING THE SU1NER MONTHS, REHEARSING AND PERFORMING A 12-MINUTE PROGRAM IN COMPETITIONS NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genevieve Geisler Cfo/coo | Officer | 40 | $98,677 |
Mike Scott CEO | Officer | 40 | $86,992 |
Scott Swaldo President | OfficerTrustee | 3 | $0 |
Tom Scheck Vice President | OfficerTrustee | 3 | $0 |
Randall Lamb Secretary | OfficerTrustee | 2 | $0 |
Dan Kloha Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,064 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$63,709 |
| Net Gain/Loss on Asset Sales | $19,714 |
| Net Income from Fundraising Events | $1,653 |
| Net Income from Gaming Activities | $396,989 |
| Net Income from Sales of Inventory | $104,047 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,051,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,625 |
| Pension plan accruals and contributions | $6,645 |
| Other employee benefits | $32,766 |
| Payroll taxes | $21,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,982 |
| Fees for services: Accounting | $12,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,850 |
| Advertising and promotion | $9,544 |
| Office expenses | $15,755 |
| Information technology | $8,534 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $88,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,924 |
| Insurance | $17,134 |
| All other expenses | $0 |
| Total functional expenses | $1,040,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,777 |
| Savings and temporary cash investments | $168,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,194 |
| Prepaid expenses and deferred charges | $5,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,825 |
| Total assets | $1,583,941 |
| Accounts payable and accrued expenses | $15,382 |
| Grants payable | $0 |
| Deferred revenue | $21,897 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $644,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,300 |
| Total liabilities | $687,156 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $896,785 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bluecoats Drum And Bugle Corps has recieved totaling $24,900.
| Awarding Organization | Amount |
|---|---|
Stark County Convention And Visitors Bureau Canton, OH PURPOSE: ARTS & CULTURAL TOURISM | $24,900 |
Endowment Analysis
| Beg. Balance | $24,825 |
| Earnings | $11,096 |
| Admin Expense | $483 |
| Net Contributions | $44,780 |
| Ending Balance | $80,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
Musicopia Inc Philadelphia, PA | $886,541 | $1,214,458 |