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Author Topic: MEAC Lost $1.8 Million Between 2017-18  (Read 1434 times)

Offline bluedog

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MEAC Lost $1.8 Million Between 2017-18
« 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

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Offline eagle pride

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #1 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? 
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Offline bluedog

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #2 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.

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Offline JBROB

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #3 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.

Offline ALMIGHTY

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #4 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.
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Offline bluedog

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #5 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

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Offline bluedog

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #6 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.

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Offline Thinkingaboutit

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #7 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 .

Offline WileECoyote06

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #8 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.

Offline bluedog

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #9 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.
« Last Edit: June 30, 2020, 08:22:46 AM by bluedog »

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Offline JAG89

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #10 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.
« Last Edit: June 30, 2020, 09:15:12 AM by JAG89 »

Offline JAG89

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #11 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.


Just from observation of these tax filings, a 10-year picture would give a better understanding of what's going on. 

Offline Professor

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #12 on: June 30, 2020, 09:23:43 AM »
 :tiptoe: :tiptoe: :tiptoe:

Offline MilesBear1

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #13 on: June 30, 2020, 12:05:56 PM »
Wow, I wonder what the CIAA and SIAC Tax Filings look like for those years.
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Offline Que82

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Re: MEAC Lost $1.8 Million Between 2017-18
« Reply #14 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:
« Last Edit: July 01, 2020, 12:09:50 AM by Que82 »
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