Drum Corps International Inc
- Assets
- $9.9m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 45
- Location
- Indianapolis, IN
- Founding
- 06/1974
- Data as of
- 12/2022
- EIN
- 36-2754480
Organization Overview
Drum Corps International Inc is located in Indianapolis, IN. The organization was established in 1974. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Drum Corps International Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drum Corps International Inc 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 12/2022, Drum Corps International Inc generated $14.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $14.2m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DRUM CORPS INTERNATIONAL IS TO BRING THE LIFE-ENRICHING BENEFITS AND ENJOYMENT OF MARCHING MUSIC PERFORMING ARTS TO MORE PEOPLE WORLDWIDE. WE DO THIS BY CREATING A STAGE FOR PARTICIPATING ORGANIZATIONS TO ENGAGE IN EDUCATION, COMPETITION, ENTERTAINMENT, AND PROMOTION OF INDIVIDUAL GROWTH.
Describe the Organization's Program Activity:
DRUM CORP SHOWS TO PROVIDE DRUM CORPS COMPETITION FOR A NUMBER OF MAJOR SHOWS AND VARIOUS SANCTIONED SHOWS.
SAFETY AND HEALTH PROGRAM
TO PROMOTE THE DRUM CORPS ACTIVITY THROUGH THE BROADCAST OF LIVE COMPETITIONS AND PERFORMANCES IN MOVIE THEATERS AND STREAMED OVER THE INTERNET.
CONGRESS/SEMINAR EDUCATION DIVISION, JUDGES TRAINING TO PROVIDE EDUCATIONAL CLINICS AND WORKSHOPS FOR DRUM CORP JUDGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Acheson CEO | OfficerTrustee | 40 | $241,034 |
Wayne Leide CFO | OfficerTrustee | 40 | $138,393 |
Chris Holland Chairperson | Trustee | $0 | |
Vicki Macfarlane Vice-Chair-B | Trustee | $0 | |
Jim Doyle Treasurer, A | Trustee | $0 | |
Jim Tabuchi Secretary-B. | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exit88 Llc It Services | 12/30/22 | $224,319 |
Dsm Sports Marketing Inc Marketing | 12/30/22 | $128,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,264,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $925,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,190,512 |
| Total Program Service Revenue | $11,508,413 |
| Investment income | $998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$179,038 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,677,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,164,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,755 |
| Payroll taxes | $214,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $33,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $433,495 |
| Advertising and promotion | $386,740 |
| Office expenses | $9,129 |
| Information technology | $189,428 |
| Royalties | $0 |
| Occupancy | $152,367 |
| Travel | $40,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,158 |
| Interest | $13,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,268 |
| Insurance | $111,185 |
| All other expenses | $951,312 |
| Total functional expenses | $14,224,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,393,544 |
| Savings and temporary cash investments | $5,681,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,577,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $272,235 |
| Prepaid expenses and deferred charges | $403,489 |
| Net Land, buildings, and equipment | $151,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $978 |
| Other assets | $438,208 |
| Total assets | $9,919,157 |
| Accounts payable and accrued expenses | $994,618 |
| Grants payable | $0 |
| Deferred revenue | $2,806,015 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $522,284 |
| Other liabilities | $0 |
| Total liabilities | $4,322,917 |
| Net assets without donor restrictions | $5,450,248 |
| Net assets with donor restrictions | $145,992 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,919,157 |