Team Financial Disclosures

[EdLovrich]

@Orange Socks. I agree with you and I am not begrudging a HC from making a wage, ell even a living wage, nor am I saying an organization can't make a profit. What I AM saying is this, before I invest in something, I want to make sure that the outlay, for fees, equipment, salaries and profit are equal to the value I feel I am getting from said investment. In this case, is my DD getting the development exposure and FUN commensurate with my monetary outlay. If I feel it isn't worth it then I will go elsewhere. Do I invest in companies that pay their Board of Directors top dollar? Yes, I do, because I feel they are worth it. Am I going to pay for HC Joe the Plumber to get top dollar to coach my DD? Not if I feel it is out of line with his talent. In order to make that judgment I need to know how much is going to Joe.

My earlier post was more directed at the poster who said, "Based on my experience". I was just wondering if that experience led to few or no offers as was suggested by the context.

 

[JLI2010]

If it's a non profit you can learn a lot by going to the IRS tax exempt organization search. If the organization is large enough you can view it's entire tax return. I run our one team non-profit and keep the books in quickbooks. I post a P&L on google drive that anyone can look at and inform everyone of the bank balance often.

 

[KrisHur]

DD's team ($$$$) doesn't give a break down but I feel we are getting our money's worth so never questioned it or thought to ask where the money goes.

 

[Hawk_]

Any parent can ask to see our financials and they will be shown. Have they ever, no? But I openly talk about expenses and myself as the HC with a DD on the team, I pay the same as they do.

 

[texasheat]

Is this your experience from having asked to see the financials or your reaction to having been asked by someone to see them? Or neither of the above?

both