Onnidan Fan Forum

Discussion => Sports Forum => Topic started by: bluedog on June 29, 2020, 10:54:12 PM

Title: MEAC Lost $1.8 Million Between 2017-18
Post by: bluedog on June 29, 2020, 10:54:12 PM
For 11 institutions, that math equals to about $174,767 per year per school over the last 18 years. According to the MEAC’s most recent available tax filing, the conference’s total revenue dropped by more than $1.8 million between 2017 and 2018, while total revenue for the Southwestern Athletic Conference, the new home of Florida A&M University and Bethune-Cookman University, increased revenues by more than $1.7 million over the same period.


https://hbcudigest.substack.com/p/nc-extends-tuition-rebate-program?r=nilr&utm_campaign=post&utm_medium=web&utm_source=twitter
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: eagle pride on June 29, 2020, 11:40:23 PM
This article talking about old dates are just misleading.  Let's just sit back and not post anymore about the woes of the MEAC.  I mean, what's the point? 
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: bluedog on June 29, 2020, 11:44:32 PM
This article talking about old dates are just misleading.  Let's just sit back and not post anymore about the woes of the MEAC.  I mean, what's the point?
Dude that's just two years ago. Do you understand what a $1.8 million lost does.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: JBROB on June 30, 2020, 04:56:52 AM
This article talking about old dates are just misleading.  Let's just sit back and not post anymore about the woes of the MEAC.  I mean, what's the point?
Dude that's just two years ago. Do you understand what a $1.8 million lost does.

Interesting.

I'm wonder how to balance this with Dr. Thomas' comments at the Press Conference that the MEAC is the only FCS conference to make a dispersement to it's members for the last 18 years.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: ALMIGHTY on June 30, 2020, 06:16:58 AM
When dealing with HBCU Digest, believe half of what you see and none of what you hear.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: bluedog on June 30, 2020, 06:17:46 AM
When dealing with HBCU Digest, believe half of what you see and none of what you hear.
True
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: bluedog on June 30, 2020, 06:20:26 AM
This article talking about old dates are just misleading.  Let's just sit back and not post anymore about the woes of the MEAC.  I mean, what's the point?
Dude that's just two years ago. Do you understand what a $1.8 million lost does.

Interesting.

I'm wonder how to balance this with Dr. Thomas' comments at the Press Conference that the MEAC is the only FCS conference to make a dispersement to it's members for the last 18 years.
Maybe he meant making a dispersement while in the red.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: Thinkingaboutit on June 30, 2020, 06:49:20 AM
When dealing with HBCU Digest, believe half of what you see and none of what you hear.


Agree.  Headlines obscure the facts.  Doomsday Digest .
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: WileECoyote06 on June 30, 2020, 07:34:25 AM
On top of that the title is misleading, if not outright a lie.  The MEAC didn't lose revenue; it increased expenses. Revenue actually went up.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: bluedog on June 30, 2020, 08:13:47 AM
Interesting; Big South, MEAC, SWAC and OVC 2017 returns. Before anybody ask, those are the only ones I could find on all of them that were recent. (https://uploads.tapatalk-cdn.com/20200630/a782b141640e0c1352b9289e287e2beb.jpg)(https://uploads.tapatalk-cdn.com/20200630/0f92ac7a994cc625d649ede2af26d491.jpg)(https://uploads.tapatalk-cdn.com/20200630/a82134065ef0fe848c7ca8fd54216741.jpg)(https://uploads.tapatalk-cdn.com/20200630/c49b00ac2ef57c13d889fb271b8730b5.jpg)
(https://uploads.tapatalk-cdn.com/20200630/4018b292a99ff95ea2e15804a44d27b3.jpg)
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: JAG89 on June 30, 2020, 08:18:44 AM
On top of that the title is misleading, if not outright a lie.  The MEAC didn't lose revenue; it increased expenses. Revenue actually went up.

You are correct, but why did the expenses increase by so much while the revenue basically stayed the same???  MEAC's revenue only increased by $183,795 while its expenses increased by $2,081,208, which resulted in a net loss of $1,897,413 between the two years.  This reminds me of a fraternity chapter I once was a member of in Lynchburg, VA.  They would spend $2,000 to have a fundraiser to only raise $1,500.  It really didn't make any sense to have a fundraiser with a net loss of $500. The title of the article should have been net losses instead of revenue when comparing 2017 to 2018.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: JAG89 on June 30, 2020, 08:43:49 AM
Interesting; Big South, MEAC, SWAC and OVC 2017 returns. Before anybody ask, those are the only ones I could find on all of them that were recent. (https://uploads.tapatalk-cdn.com/20200630/a782b141640e0c1352b9289e287e2beb.jpg)(https://uploads.tapatalk-cdn.com/20200630/0f92ac7a994cc625d649ede2af26d491.jpg)(https://uploads.tapatalk-cdn.com/20200630/a82134065ef0fe848c7ca8fd54216741.jpg)(https://uploads.tapatalk-cdn.com/20200630/c49b00ac2ef57c13d889fb271b8730b5.jpg)
(https://uploads.tapatalk-cdn.com/20200630/4018b292a99ff95ea2e15804a44d27b3.jpg)

Just from observation of these tax filings, a 10-year picture would give a better understanding of what's going on. 
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: Professor on June 30, 2020, 09:23:43 AM
 :tiptoe: :tiptoe: :tiptoe:
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: MilesBear1 on June 30, 2020, 12:05:56 PM
Wow, I wonder what the CIAA and SIAC Tax Filings look like for those years.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: Que82 on June 30, 2020, 04:37:16 PM
???? I thought I heard Thomas said that the conference made a payout to the schools all 18 years he has been the commisioner.  Something is amiss. :shrug:
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: JAG89 on June 30, 2020, 04:58:23 PM
???? I thought I heard Thomas said that the conference made a oayout to the school all 18 years he has been the commisioner.  Something is amiss. :shrug:

They probably did, but I'm sure some years were way way less than other years.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: Thinkingaboutit on June 30, 2020, 06:46:46 PM
On top of that the title is misleading, if not outright a lie.  The MEAC didn't lose revenue; it increased expenses. Revenue actually went up.

You are correct, but why did the expenses increase by so much while the revenue basically stayed the same???  MEAC's revenue only increased by $183,795 while its expenses increased by $2,081,208, which resulted in a net loss of $1,897,413 between the two years.  This reminds me of a fraternity chapter I once was a member of in Lynchburg, VA.  They would spend $2,000 to have a fundraiser to only raise $1,500.  It really didn't make any sense to have a fundraiser with a net loss of $500. The title of the article should have been net losses instead of revenue when comparing 2017 to 2018.



Jaq, you have to consider the source.    It is like a tabloid.    :crazy: :crazy: :crazy: :crazy: :crazy:  You can't be sure with their research nor reports. 
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: JAG89 on June 30, 2020, 07:49:41 PM
On top of that the title is misleading, if not outright a lie.  The MEAC didn't lose revenue; it increased expenses. Revenue actually went up.

You are correct, but why did the expenses increase by so much while the revenue basically stayed the same???  MEAC's revenue only increased by $183,795 while its expenses increased by $2,081,208, which resulted in a net loss of $1,897,413 between the two years.  This reminds me of a fraternity chapter I once was a member of in Lynchburg, VA.  They would spend $2,000 to have a fundraiser to only raise $1,500.  It really didn't make any sense to have a fundraiser with a net loss of $500. The title of the article should have been net losses instead of revenue when comparing 2017 to 2018.



Jaq, you have to consider the source.    It is like a tabloid.    :crazy: :crazy: :crazy: :crazy: :crazy:  You can't be sure with their research nor reports.

To be fair, I got those numbers from the tax returns that they provided, assuming that the tax information is correct.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: WileECoyote06 on June 30, 2020, 08:09:49 PM
On top of that the title is misleading, if not outright a lie.  The MEAC didn't lose revenue; it increased expenses. Revenue actually went up.

You are correct, but why did the expenses increase by so much while the revenue basically stayed the same???  MEAC's revenue only increased by $183,795 while its expenses increased by $2,081,208, which resulted in a net loss of $1,897,413 between the two years.  This reminds me of a fraternity chapter I once was a member of in Lynchburg, VA.  They would spend $2,000 to have a fundraiser to only raise $1,500.  It really didn't make any sense to have a fundraiser with a net loss of $500. The title of the article should have been net losses instead of revenue when comparing 2017 to 2018.

I'm not sure why the expenses increased; but that's not necessarily a cause for alarm.  The MEAC paid off it's mortgage in 2018.  So maybe that's it.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: Que82 on July 01, 2020, 12:15:34 AM
???? I thought I heard Thomas said that the conference made a oayout to the school all 18 years he has been the commisioner.  Something is amiss. :shrug:

They probably did, but I'm sure some years were way way less than other years.
Well maybe its the terminology because to me if you lost 1.8 mil in one year I'm thinking you are in the red for that year.  How then do you give a payout????  Wouldn't you have to be in the black in order to give any size payout???? :shrug:
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: JAG89 on July 01, 2020, 07:08:45 AM
???? I thought I heard Thomas said that the conference made a oayout to the school all 18 years he has been the commisioner.  Something is amiss. :shrug:

They probably did, but I'm sure some years were way way less than other years.
Well maybe its the terminology because to me if you lost 1.8 mil in one year I'm thinking you are in the red for that year.  How then do you give a payout????  Wouldn't you have to be in the black in order to give any size payout???? :shrug:

The losses in this case pertains to how much revenue minus expenses that they made the previous year versus the revenue minus expenses that they made the current.  Both years they were in the black, but the current year revenue minus expenses were substantially less than the previous year revenue minus expenses.  The losses is based on a comparable analysis, which means that they had substantially less money to distribute to its member institutions in the current year than they had the previous year, which would be a loss in revenue for MEAC schools.  For example, instead of each school getting $1 million from the conference office as in the previous year, they only received $100k in the current year, which means the revenue from the conference office decreased by $900k or by 90% for each school in the current year.  In other words, that would be a substantial loss in revenue for each member school in the MEAC.
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: Que82 on July 01, 2020, 12:45:35 PM
???? I thought I heard Thomas said that the conference made a oayout to the school all 18 years he has been the commisioner.  Something is amiss. :shrug:

They probably did, but I'm sure some years were way way less than other years.
Well maybe its the terminology because to me if you lost 1.8 mil in one year I'm thinking you are in the red for that year.  How then do you give a payout????  Wouldn't you have to be in the black in order to give any size payout???? :shrug:

The losses in this case pertains to how much revenue minus expenses that they made the previous year versus the revenue minus expenses that they made the current.  Both years they were in the black, but the current year revenue minus expenses were substantially less than the previous year revenue minus expenses.  The losses is based on a comparable analysis, which means that they had substantially less money to distribute to its member institutions in the current year than they had the previous year, which would be a loss in revenue for MEAC schools.  For example, instead of each school getting $1 million from the conference office as in the previous year, they only received $100k in the current year, which means the revenue from the conference office decreased by $900k or by 90% for each school in the current year.  In other words, that would be a substantial loss in revenue for each member school in the MEAC.
I see what you are saying but that sounds more like it should be called a reduction rather than a loss. :shrug: They had more expenses that ate up their revenue which led to a reduction in the payout. If my light bill was $100 a month but now its $100 higher I don't consider that a lost in wages I just have less money at the end of the month.  But hey to-may-to, to-mar-to.  :shrug:
Title: Re: MEAC Lost $1.8 Million Between 2017-18
Post by: eagle pride on July 01, 2020, 02:01:56 PM
???? I thought I heard Thomas said that the conference made a oayout to the school all 18 years he has been the commisioner.  Something is amiss. :shrug:

They probably did, but I'm sure some years were way way less than other years.
Well maybe its the terminology because to me if you lost 1.8 mil in one year I'm thinking you are in the red for that year.  How then do you give a payout????  Wouldn't you have to be in the black in order to give any size payout???? :shrug:

The losses in this case pertains to how much revenue minus expenses that they made the previous year versus the revenue minus expenses that they made the current.  Both years they were in the black, but the current year revenue minus expenses were substantially less than the previous year revenue minus expenses.  The losses is based on a comparable analysis, which means that they had substantially less money to distribute to its member institutions in the current year than they had the previous year, which would be a loss in revenue for MEAC schools.  For example, instead of each school getting $1 million from the conference office as in the previous year, they only received $100k in the current year, which means the revenue from the conference office decreased by $900k or by 90% for each school in the current year.  In other words, that would be a substantial loss in revenue for each member school in the MEAC.
I see what you are saying but that sounds more like it should be called a reduction rather than a loss. :shrug: They had more expenses that ate up their revenue which led to a reduction in the payout. If my light bill was $100 a month but now its $100 higher I don't consider that a lost in wages I just have less money at the end of the month.  But hey to-may-to, to-mar-to.  :shrug:


That is why I stated that this topic is misleading.  I believe that was the year the MEAC paid off their building.  At any rate, we are moving forward!