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Showing content with the highest reputation on 04/03/22 in all areas

  1. The Pack made it 10 years, but from what I saw. The group I was with built a fabulous program and it thrived. The next group maintained, then the following group didn't adapt and change, they just stopped doing and being engaged. So the end was written before Covid. I think Covid accelerated it.
    4 points
  2. OK, no they're not losing money on those events. The contributions there are also money they brought in as part of those events. "Contributions reportable on Schedule B(Form 990) are contributions, grants, bequests, devises, and gifts of money or property, whether or not for charitable purposes." I'm not tax guy enough to know exactly why they're pulling them out of gross receipts, but they're definitely revenue associated with the events. Most likely some part of every ticket they sell for say the golf outing is listed as a gift or "contribution" rather than just kept as simple gross
    2 points
  3. Accounting nuance: "Form 990, Schedule G, Part II... is only the non-deductible portion of each ticket (the cost of food, clay pigeons, etc) and does not include any of the Contribution revenue, which is reported with other Contribution revenue on Part VIII" Source is one of the clearest explanations I found: https://www.grfcpa.com/2018/09/compliance-best-practices-for-reporting-fundraising-events-on-the-form-990/
    1 point
  4. While I haven't bought into insurer's arguments and have no interest in debating the topic, there is typically a percentage of fraudulent claims in mass tort cases. It would be highly unlikely this is an exception, with the around-the-clock tv and fb ads telling the world there is a ton of money awaiting.
    1 point
  5. I found out tonight that the pack that we started when my son was a Wolf folded at the end of the year. So much time and effort, started with 10 scouts, quickly rose to 80+ scouts, stayed active and thriving until the parents and scouts from that 80 moved on. I saw the righting on the wall, but it makes me so bummed. Somewhere there is a really nice trailer and pinewood derby track that the scouts worked hard to raise money for. A school of 800 youth are now unserved by cub scouts.
    0 points
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