Corpsvets INC
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Teaches drum and bugle corps skills to youth and adults, supporting music performance and the community. For fiscal year 2024 it reported $376K in revenue, $305K in expenses, and $86K in net assets.Pt I
Summary of the Filing
Where the work happens
Souvenir Sales
Selling merchandise to help promote the drum corps activity and recruit for future years. Helps to spread the word about music education and another avenue for musicians to perfect their craft.
Drum Corps Home Show
Host a large drum corps competition; providing exposure to the drum corps activity at a state and national level Helps to educate the region as to what drum corps is and promote music education. Participants came from Alabama, Ohio, North Carolina and Georgia.
Sale of old equipment and uniforms to other corps and schools for use in their music education programs
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Russell Thompson’s $16K as Executive Director is at the 12th percentile of top reported officer pay among 2213 $100K–1M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Russell Thompson | $16,196 | $14,761 | $8,164 | — | — | — |
| David Stollberg | — | — | — | — | $14,000 | — |
| David W Stollberg | — | — | — | — | — | $14,000 |
| Layne Meier | — | — | — | $10,500 | — | — |
| Grayson Gunn | — | $7,650 | $2,200 | — | — | — |
| Marvin Fontaine | — | — | — | — | $6,000 | $6,000 |
| Nick Doyle | $4,800 | — | — | — | — | — |
| Tammi Stollberg | — | — | — | — | $4,000 | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 16% | — | — |
| Overhead ratio | 84% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 41% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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