Interesting data on 2014 AMA Financial/tax statement
#252
I don't think that the revenue for subscriptions for the magazine is something you can put up against the cost. The amount is less than $1 per member. So it looks like a loss. I believe that is likely extra magazines sold to newsstands or extra copies ordered by members. Maybe clubs order one to keep in the club lodge er lounge. If you think about it the cost is a little over 10 bucks a member, and in line with most newsstand prices these days, many are $15 and more for modeling mags.
#253
Banned
My Feedback: (8)
I don't think that the revenue for subscriptions for the magazine is something you can put up against the cost. The amount is less than $1 per member. So it looks like a loss. I believe that is likely extra magazines sold to newsstands or extra copies ordered by members. Maybe clubs order one to keep in the club lodge er lounge. If you think about it the cost is a little over 10 bucks a member, and in line with most newsstand prices these days, many are $15 and more for modeling mags.
#254
Exactly how do you show a profit for the magazine when it is given to each member at no additional cost? The financial statements only show revenue, expenditures, assets, and liabilities. There is no revenue for the magazine, that which is shown is likely for additional subscription over and above what each member gets. So the rest is expenditures with no revenue.
A more accurate depiction would be how the magazine did against its budget. Budgets are not shown on the financial reports.
A more accurate depiction would be how the magazine did against its budget. Budgets are not shown on the financial reports.
#255
Ironically, Porcia has just made the classic case for why some are calling for change!
He rambles about how doubtful he is that the AMA mag. is losing money because NONE of the current leadership has an issue with it bleeding, so it must not be a problem!!! (even though he can provide no facts).
Well, based on the numbers presented, it would appear that the magazine IS bleeding our $$ (at an alarming rate) AND the current leadership is turning a blind eye, choosing not to see it as an issue. If this in itself is not reason to call for change, I do not know what is!
Astro
He rambles about how doubtful he is that the AMA mag. is losing money because NONE of the current leadership has an issue with it bleeding, so it must not be a problem!!! (even though he can provide no facts).
Well, based on the numbers presented, it would appear that the magazine IS bleeding our $$ (at an alarming rate) AND the current leadership is turning a blind eye, choosing not to see it as an issue. If this in itself is not reason to call for change, I do not know what is!
Astro
Here's a very important reason to look at this issue. From the CFO of the AMA.
"'.Sessions noted economic indicators report the chances of a recession in 2017/2018 are increased dramatically. AMA is a discretionary hobby and our dues will be impacted by a recession"'
Mike
Last edited by rcmiket; 08-24-2016 at 03:52 AM.
#256
Exactly how do you show a profit for the magazine when it is given to each member at no additional cost? The financial statements only show revenue, expenditures, assets, and liabilities. There is no revenue for the magazine, that which is shown is likely for additional subscription over and above what each member gets. So the rest is expenditures with no revenue.
A more accurate depiction would be how the magazine did against its budget. Budgets are not shown on the financial reports.
A more accurate depiction would be how the magazine did against its budget. Budgets are not shown on the financial reports.
Mike.
Last edited by rcmiket; 08-24-2016 at 03:58 AM.
#257
I'm inclined to believe that the magazine does indeed lose money. This argument has been going on for years maybe it's time for a change to reduce any loses. Changes can and should be made.now
Here's a very important reason to look at this issue. From the CFO of the AMA.
"'.Sessions noted economic indicators report the chances of a recession in 2017/2018 are increased dramatically. AMA is a discretionary hobby and our dues will be impacted by a recession"'
Mike
Here's a very important reason to look at this issue. From the CFO of the AMA.
"'.Sessions noted economic indicators report the chances of a recession in 2017/2018 are increased dramatically. AMA is a discretionary hobby and our dues will be impacted by a recession"'
Mike
#258
Banned
My Feedback: (8)
I'm inclined to believe that the magazine does indeed lose money. This argument has been going on for years maybe it's time for a change to reduce any loses. Changes can and should be made.now
Here's a very important reason to look at this issue. From the CFO of the AMA.
"'.Sessions noted economic indicators report the chances of a recession in 2017/2018 are increased dramatically. AMA is a discretionary hobby and our dues will be impacted by a recession"'
Mike
Here's a very important reason to look at this issue. From the CFO of the AMA.
"'.Sessions noted economic indicators report the chances of a recession in 2017/2018 are increased dramatically. AMA is a discretionary hobby and our dues will be impacted by a recession"'
Mike
Harville was an agent of change wasn't he? What's changed under his watch? Isn't he aware of what's going on at the AMA? Should he be out now? How about the other DVPs.
If it's change you want...that's what you're getting with the upcoming election.
CHANGE is such a naïve battlecry sometimes.
#259
Banned
My Feedback: (8)
How much of our dues is for the magazine. MAN is $25 a year. For 150,000 members that would be $3,750,000. So if they simply said that $25 of our dues was for the mag so that would mean it makes more than 100% profit. Instead it is free so it is shown at a loss of about $11 per member.
#261
As I dig into the lobbying issue, specifically what must be counted as an expenditure, it is appearing to me there's a number of things the AMA has been doing that would be considered "Direct Lobbying," and thus salaries, overhead, travel costs, admin time, etc. in support of these efforts would need to be included in the lobbying money reported to the IRS. That would include efforts at Federal, State, and Local levels by anyone not acting as an individual.
On the topic of whether someone is acting as an individual or agent of the organization, the NonProfitQuarterly.org article (below) has a good section describing how things as subtle as using the organizations' name, logo, or letterhead and how that can affect whether someone is acting as an individual or as an agent of the organization (even unpaid).
Give that the IRS action for violation of this rule could include revocation of tax exempt status, one hopes that the HQ has their "i's" dotted and "t's" crossed with respect to record keeping and reporting.
IRS Rules & Form Completion Instructions: https://www.irs.gov/charities-non-profits/lobbying
Detailed Article on 501c3 Lobbying w/ Definitions: https://nonprofitquarterly.org/2000/...FU5bhgodNAoEog
Calculating Lobbying Expenses (example): http://conservationtools.org/guides/...-organizations
On the topic of whether someone is acting as an individual or agent of the organization, the NonProfitQuarterly.org article (below) has a good section describing how things as subtle as using the organizations' name, logo, or letterhead and how that can affect whether someone is acting as an individual or as an agent of the organization (even unpaid).
Give that the IRS action for violation of this rule could include revocation of tax exempt status, one hopes that the HQ has their "i's" dotted and "t's" crossed with respect to record keeping and reporting.
IRS Rules & Form Completion Instructions: https://www.irs.gov/charities-non-profits/lobbying
Detailed Article on 501c3 Lobbying w/ Definitions: https://nonprofitquarterly.org/2000/...FU5bhgodNAoEog
Calculating Lobbying Expenses (example): http://conservationtools.org/guides/...-organizations
#263
My district VP indicated the difference between the $1,000,000 they've told us they've spent vs. the $258K they've told the IRS "doesn’t include staff travel, staff salaries and other legal expense incurred as a result of our advocacy efforts."
My read of the above posted links leads me to believe much of these should have been included. Furthermore, many efforts at the district level should have been included, as I have to believe they were adorned in AMA logo'd shirts, or used AMA in their letters....none of those would be considered acting as individuals (at least based on the NonProfitQuarterly.org article).
My read of the above posted links leads me to believe much of these should have been included. Furthermore, many efforts at the district level should have been included, as I have to believe they were adorned in AMA logo'd shirts, or used AMA in their letters....none of those would be considered acting as individuals (at least based on the NonProfitQuarterly.org article).
#264
As I dig into the lobbying issue, specifically what must be counted as an expenditure, it is appearing to me there's a number of things the AMA has been doing that would be considered "Direct Lobbying," and thus salaries, overhead, travel costs, admin time, etc. in support of these efforts would need to be included in the lobbying money reported to the IRS. That would include efforts at Federal, State, and Local levels by anyone not acting as an individual.
On the topic of whether someone is acting as an individual or agent of the organization, the NonProfitQuarterly.org article (below) has a good section describing how things as subtle as using the organizations' name, logo, or letterhead and how that can affect whether someone is acting as an individual or as an agent of the organization (even unpaid).
Give that the IRS action for violation of this rule could include revocation of tax exempt status, one hopes that the HQ has their "i's" dotted and "t's" crossed with respect to record keeping and reporting.
IRS Rules & Form Completion Instructions: https://www.irs.gov/charities-non-profits/lobbying
Detailed Article on 501c3 Lobbying w/ Definitions: https://nonprofitquarterly.org/2000/...FU5bhgodNAoEog
Calculating Lobbying Expenses (example): http://conservationtools.org/guides/...-organizations
On the topic of whether someone is acting as an individual or agent of the organization, the NonProfitQuarterly.org article (below) has a good section describing how things as subtle as using the organizations' name, logo, or letterhead and how that can affect whether someone is acting as an individual or as an agent of the organization (even unpaid).
Give that the IRS action for violation of this rule could include revocation of tax exempt status, one hopes that the HQ has their "i's" dotted and "t's" crossed with respect to record keeping and reporting.
IRS Rules & Form Completion Instructions: https://www.irs.gov/charities-non-profits/lobbying
Detailed Article on 501c3 Lobbying w/ Definitions: https://nonprofitquarterly.org/2000/...FU5bhgodNAoEog
Calculating Lobbying Expenses (example): http://conservationtools.org/guides/...-organizations
#266
Like I said, given this could mean loss of tax exempt status, let's hope they have good records and have dotted their "i's" and crossed their "t's".
#267
You can joke all you like. But that doesn't diminish the potential impact of what is appearing to me like under-reporting of lobbying expenditures.
#268
Banned
My Feedback: (8)
The good news though is that CHANGE has been called for and is on the way. As your questions are being answered though have you noticed how little actual power the president has, or is perceived to have. So well have a new president this year, but if something really is going on who else needs to go? The whole EC? Clean slate?
#269
The good news though is that CHANGE has been called for and is on the way. As your questions are being answered though have you noticed how little actual power the president has, or is perceived to have. So well have a new president this year, but if something really is going on who else needs to go? The whole EC? Clean slate?
#270
Mike
#271
Without the AMA pushing what they did, we wouldn't be allowed to fly model aircraft at all anymore. Think before you act and have 180,000 plus members knocking at your door asking W.T.F.
#272
Banned
My Feedback: (8)
But go forward as you see fit, it's completely within your right as a citizen and a member of the AMA. Kudos to you if you uncover fraud waste or abuse. I have to guess however that these efforts will have the same results as all of the others, and your previous ones have had.
#273
Banned
My Feedback: (8)
This sounds oddly like a blame game. Should the dvp and avps in district 8 be let go because they didn't know and/or promote model aviation day in the district? Whatever happened to personal responsibility. People join and then quit clubs for a number of reasons one of which is the way they're treated by fellow members
#275
Was there ever any doubt you were already doing so? Just as you previously indicated you we're going to use your contacts and political connections to make life difficult for the AMA, and that you would be working to collect injury and loss information to feed to personal injury attorney ( something nobody other than a few thought odd), I have not a single doubt that you would take the time, effort, and energy to question spending on lapel pins, depreciation on copy machines, and the cost of printing a magazine. Moral support provided by the few, no doubt this endeavor is wrapped up in a sense of duty, and an obligation to get to the bottom of it. It's your time, you get to choose how it's spent.
But go forward as you see fit, it's completely within your right as a citizen and a member of the AMA. Kudos to you if you uncover fraud waste or abuse. I have to guess however that these efforts will have the same results as all of the others, and your previous ones have had.
But go forward as you see fit, it's completely within your right as a citizen and a member of the AMA. Kudos to you if you uncover fraud waste or abuse. I have to guess however that these efforts will have the same results as all of the others, and your previous ones have had.
The EC member admitted that the number reported to the IRS "doesn’t include staff travel, staff salaries and other legal expense incurred as a result of our advocacy efforts."
Everything I've read indicates that many of these (and more) should have been included.
Rather than lament a rank and file member from noting this possible problem, I'd think a Leader Member would be championing any effort to ensure full and complete compliance with law.