Capital Regiment Drum and Bugle Corps

Tax-deductible

Reynoldsburg, OH501(c)(3)Arts & CultureEIN 31-1356282Revenue $82K in FY2023

On file with the IRScapitalregiment.orgPo Box 105, 43068-0105 · Reynoldsburg, OHTax-exempt since Oct 1992Publicly supported — 509(a)(2)

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Drum & Bugle Corps provide opportunity to enhance artistic performance and musical skills in youth 14-21, building character and social skills.

501(c)(3) charity; gifts are tax-deductible.
0¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $4K a year · 3% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0.4%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 22% of spending
Top officer’s pay higher than 69% of similar orgs
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
23 mo
of spending, in cash
Looks good: 22.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$188
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82K
-29% vs prior year
Spent
$87K
To programs
0.4%
Net assets
$182K
By yearFY2020–FY2023
Revenue
$82K
FY2023▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$249K
FY2022$116K
FY2023$82K
Expenses
$87K
FY2023▼ -40%
Tap a bar for its year
Expenses by fiscal year
FY2020$136K
FY2021$165K
FY2022$146K
FY2023$87K
Net assets
$182K
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$217K
FY2022$187K
FY2023$182K

From the FY2023 Form 990 (year ending September 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

0 cents of each dollar spent went to programs.

Program services 0% · $336 Management & general 100% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$19,000Pt VII · Sec A

Richard D Bays’s $19K as Executive Director is at the 69th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Richard D Bays$19,000$57,000$64,125$40,375
Lora Gabaree—$5,250$26,250$31,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops artistic and musical skills, character, and social abilities in young people.

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Provided by the organization

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1 program · $336 · in their own filed words · FY2022
01

Drum and Bugle Corps support for the Cental Crossing Marching Band and Food Trailer Tour

$336program expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$82K
Ln 12
Investment incomeLn 3$46K
Other incomeLn 4–11$37K
Money outPt IX
$87K
Ln 25
Programscol B$336
Managementcol C$87K
Owns and owesPt X
$182K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$182K
LiabilitiesLn 26$188
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$46K
Other incomeLn 4–11$37K
Gains on assetsLn 7$43K
Total revenueLn 12$82K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$166K
Cash and savings togetherLn 1–2$167K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$182K
LiabilitiesLn 26$188
Net assetsLn 32$182K
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$188K$167K
Land, buildings, equipmentLn 10c$642$15K
Total assetsLn 16$189K$182K
LiabilitiesLn 26$2K$188
Net assetsLn 32$187K$182K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$19K$19K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$1K$1K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$863$863
Office expensesLn 13$3K$3K
OccupancyLn 16$34K$34K
TravelLn 17$614$336$278
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$13K$13K
Total functional expensesLn 25$87K$336$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $82K$87K−$5K$182K 990 PDF
FY2022 $116K$146K−$30K$187K 990 PDF
FY2021 $249K$165K$83K$217K 990 PDF
FY2020 $72K$136K−$64K$133K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $82,420 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$45,513
I-11 Other revenuePrior year $116,268$36,907
I-12 Total revenuePrior year $116,274$82,420
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $66,622$22,056
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,676$65,253
I-18 Total expensesPrior year $146,298$87,309
I-19 Revenue less expensesPrior year −$30,024−$4,889
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $82,420 across 4 lines filed
Lines not itemized here account for $30,881 of total revenue; see the IRS return.
VIII-3 Investment incomeRelated to mission $2,799$2,799
VIII-7 Net gain or loss on sales of assetsRelated to mission $42,714$42,714
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,026$6,026
VIII-12 Total revenueRelated to mission $82,420 · Unrelated business $0 · Excluded from tax $0$82,420
Part IX · Statement of functional expenses $87,309 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $19,000$19,000
IX-9 Other employee benefitsManagement $1,629$1,629
IX-10 Payroll taxesManagement $1,427$1,427
IX-11b Legal feesManagement $3,686$3,686
IX-11c Accounting feesManagement $2,834$2,834
IX-11g Other fees for servicesManagement $863$863
IX-13 Office expensesManagement $3,045$3,045
IX-16 OccupancyManagement $34,252$34,252
IX-17 TravelPrograms $336 · Management $278$614
IX-22 Depreciation, depletion and amortizationManagement $4,015$4,015
IX-23 InsuranceManagement $2,449$2,449
IX-24 Other expenses (24a–d)Management $13,495$13,495
IX-25 Total functional expensesPrograms $336 · Management $86,973 · Fundraising $0$87,309
Part X · Balance sheet $182,067 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $124,244$1,277
X-2 Savings and temporary cash investmentsStart of year $63,962$165,590
X-10c Land, buildings and equipment, netStart of year $642$15,200
X-16 Total assetsStart of year $188,848$182,067
X-17 Accounts payable and accrued expensesStart of year $2,080$188
X-26 Total liabilitiesStart of year $2,080$188
X-27 Net assets without donor restrictionsStart of year $186,768$181,879
X-32 Total net assets or fund balancesStart of year $186,768$181,879
X-33 Total liabilities and net assetsStart of year $188,848$182,067
Part XI · Reconciliation of net assets $181,879 net assets at year end
XI-1 Total revenue$82,420
XI-2 Total expenses$87,309
XI-3 Revenue less expenses−$4,889
XI-4 Net assets at start of year$186,768
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$181,879

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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