Civic Intelligence

Phantom Regiment Drum & Bugle Corps Inc

990 • Fiscal year 2015 • EIN 23-7198026

Oct 01, 2014 to Sep 30, 2015 • Filed on May 26, 2016

420 North Main StreetRockford, IL 61103

(815) 226-2835

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.26x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

65th percentile

8.4%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$88,836

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

5.7%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,053,421

Up $221,881 (+27%) from 2014

Net Assets

Up

$776,835

Up $86,490 (+13%) from 2014

Liabilities

Up

$276,586

Up $135,391 (+96%) from 2014

Revenue

Up

$1,318,592

Up $71,080 (+5.7%) from 2014

Expenses

Up

$1,208,033

Up $38,398 (+3.3%) from 2014

Net Income

Up

$110,559

Up $32,682 (+42%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $442,987Liabilities 2011: $234,788Net Assets 2011: $208,1992011Assets 2012: $596,688Liabilities 2012: $190,838Net Assets 2012: $405,8502012Assets 2013: $741,505Liabilities 2013: $136,901Net Assets 2013: $604,6042013Assets 2014: $831,540Liabilities 2014: $141,195Net Assets 2014: $690,3452014Assets 2015: $1,053,421Liabilities 2015: $276,586Net Assets 2015: $776,8352015Assets 2016: $1,178,461Liabilities 2016: $376,976Net Assets 2016: $801,4852016Assets 2017: $969,392Liabilities 2017: $153,669Net Assets 2017: $815,7232017Assets 2018: $855,669Liabilities 2018: $244,910Net Assets 2018: $610,7592018Assets 2019: $700,815Liabilities 2019: $252,707Net Assets 2019: $448,1082019Assets 2020: $990,727Liabilities 2020: $479,427Net Assets 2020: $511,3002020Assets 2021: $1,306,729Liabilities 2021: $283,689Net Assets 2021: $1,023,0402021Assets 2022: $2,015,777Liabilities 2022: $547,508Net Assets 2022: $1,468,2692022Assets 2023: $1,922,368Liabilities 2023: $600,357Net Assets 2023: $1,322,0112023Assets 2024: $1,871,604Liabilities 2024: $621,538Net Assets 2024: $1,250,0662024

Highlighted filing

2015

Assets$1,053,421
Liabilities$276,586
Net Assets$776,835

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $991,3112011Expenses 2012: $1,023,4942012Expenses 2013: $1,064,9562013Revenue 2014: $1,247,512Expenses 2014: $1,169,635Net Income 2014: $77,8772014Revenue 2015: $1,318,592Expenses 2015: $1,208,033Net Income 2015: $110,5592015Revenue 2016: $1,313,707Expenses 2016: $1,291,098Net Income 2016: $22,6092016Revenue 2017: $1,441,607Expenses 2017: $1,438,256Net Income 2017: $3,3512017Revenue 2018: $1,297,520Expenses 2018: $1,498,541Net Income 2018: -$201,0212018Revenue 2019: $1,396,623Expenses 2019: $1,549,619Net Income 2019: -$152,9962019Revenue 2020: $829,110Expenses 2020: $769,043Net Income 2020: $60,0672020Revenue 2021: $1,379,502Expenses 2021: $887,788Net Income 2021: $491,7142021Revenue 2022: $3,170,575Expenses 2022: $2,659,549Net Income 2022: $511,0262022Revenue 2023: $2,522,157Expenses 2023: $2,695,931Net Income 2023: -$173,7742023Revenue 2024: $2,960,707Expenses 2024: $3,051,411Net Income 2024: -$90,7042024

Highlighted filing

2015

Revenue$1,318,592
Expenses$1,208,033
Net Income$110,559
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 26, 2016
Return Version
2014v6.0
Gross Receipts
$1,698,216
Mission and Program Overview

Mission

To further education in music, marching, dance or interpretive movement, discipline and sportsmanship.

Youth education and performance activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$256,170$258,835▲ $2,665
Land, Buildings, and Equipment, Net$76,528$219,635▲ $143,107
Accounts Receivable$74,502$141,513▲ $67,011
Inventories for Sale or Use$63,146$79,130▲ $15,984
Pledges and Grants Receivable$5,906$38,633▲ $32,727
Prepaid Expenses and Deferred Charges$7,439$7,877▲ $438
Investments in Publicly Traded Securities$2,839$2,656▼ $183
Total Assets$831,540$1,053,421▲ $221,881
Other Assets Total$345,010$305,142▼ $39,868
Liabilities
Accounts Payable and Accrued Expenses$97,823$183,028▲ $85,205
Mortgage Notes Payable Secured by Investment Property$11,646$61,624▲ $49,978
Deferred Revenue$16,670$21,285▲ $4,615
Other Liabilities$15,056$10,649▼ $4,407
Total Liabilities$141,195$276,586▲ $135,391
Net Assets / Fund Balance
Unrestricted Net Assets$286,827$385,838▲ $99,011
Permanently Rstr Net Assets$267,937$244,986▼ $22,951
Temporarily Rstr Net Assets$135,581$146,011▲ $10,430
Total Net Assets Fund Balance$690,345$776,835▲ $86,490
Total Liabilities and Net Assets / Fund Balance$831,540$1,053,421▲ $221,881

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$219,635$238,679$458,314
Other Assets Org$5,774--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$267,937-▼ $6,594$16,357$244,986
2013$260,746-▲ $23,663$16,472$267,937
2012$251,704-▲ $24,233$15,191$260,746
2011$232,777-▲ $33,748$14,821$251,704
2010$246,035-▲ $2,369$15,627$232,777
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick ValenzuelaExecutive DirectorFT$73,530$15,306$88,836

Board Members and Trustees

NameTitle
Timothy FarrellPresident
James WrenVice President
Barb JanowskiDirector
Chuck MccurdyDirector
Dan RichardsonDirector
David KistingDirector
Glen BroughDirector
Jeff HassanDirector
Joe HickeyDirector
John BaumgartnerDirector
Mike OldemeyerDirector
Robin HartowiczDirector
Ron SchulzDirector
Greg NewellSecretary
Mark PattersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$241,386
Program Service Revenue
$863,318
Investment Income
$69
Other Revenue
$213,819
All Other Contributions
$241,386
Change in Net Assets
$110,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,006,929
Salaries, Compensation, and Employee Benefits$201,104
Total Fundraising Expense$77,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,672$10,242$10,241$98,155
Other Expenses$52,900$24,301$17,806$95,007
Current Officers, Directors, Trustees, and Key Employees$21,784$32,676$32,676$87,136
All Other Expenses$37,327$27,281$2,365$66,973
Depreciation Depletion$25,128--$25,128
Office Expenses$5,831$5,831$5,832$17,494
Insurance$3,179$11,568$216$14,963
Payroll Taxes$7,324$2,887$2,887$13,098
Occupancy$3,920$3,920$3,920$11,760
Fees for Services Accounting-$7,300-$7,300
Travel$3,600$900$1,499$5,999
Interest-$3,003-$3,003
Pension Plan Contributions$2,105$305$305$2,715
Fees for Services Legal-$451-$451
Total Functional Expenses$999,621$130,665$77,747$1,208,033
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$531,917
Fundraising Direct Expenses$379,624
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Souvenirs$254,655$254,655$179,798$74,857
Drum Corps Show - Dekalb$127,901$127,901$59,566$68,335
Total Events$531,917$531,917$379,624$152,293
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Daniel FarrellBrother of Tim Farrell (board President)Daniel Is Employed by the Organization and Receives Compensation PaymentsNo$67,200
Lorine ValenzuelaWife of Rick Valenzulela (executive Director)Lorine Is Employed by the Organization and Receives Compensation PaymentsNo$29,926
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$5,332
Payroll Withholding Liabilities$4,530
Miscellaneous Liabilities$787
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committees of the organization have the authority to act on behalf of the organization or the board of directors.

Form 990, Part VI, Section B, Line 11

The board treasurer prepares the form 990. A copy of the return is provided to the entire board of directors for review and is approved prior to filing.

Form 990, Part VI, Section B, Line 12C

Annually at the first meeting of a new board of directors the conflict of interest policy is reviewed and any known conflicts are discussed at that time.

Form 990, Part VI, Section B, Line 15A

An ad hoc committee of the board of directors completes an annual performance review of the executive director and as part of that process sets the annual compensation and benefits with knowledge of compensation of similar size organizations in our activity and in the geographic area where the organization is headquartered.

Form 990, Part VI, Section C, Line 19

All documents are available to any interested party during normal business hours at the offices of the organization. Requests other than at the organizations office will also be accepted.

Filing and Contact Details

Filer

Filer Name
Phantom Regiment Inc
EIN
23-7198026
Phone
8152262835
Address
420 NORTH MAIN STREET, ROCKFORD, IL 61103

Signing Officer

Name
Mark Patterson
Title
Board Treasurer
Phone
8152262837
Signed
2016-05-26

Organization Details

Principal Officer
Timothy Farrell
Formed
1956
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
14
Employees
3
Volunteers
250
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of perpetual trust -22,951. Net income (loss) of for-profit subsidiary -1,510. Year to date change in net assets for fs consolidation, not tax 140.

FORM 990, PART XII, LINE 2C:

The executive committee assumes the responsibility for oversight of the audit and the selection of an independent accountant. This process is unchanged from the prior year.

Financial Statement Notes

PART V, LINE 4:

The income from the funds in the perpetual trust will be used to further the organization's mission.

PART X, LINE 2:

The corps follows the authoritative guidance issued by the financial accounting standards board clarifying the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribing a recognition threshold of "more-likely-than-not" to be sustained upon examination. Measurement of the tax uncertainty occurs if the recognition threshold has not been met. This guidance also addresses de-recognition, classification, interest and penalties, disclosures and transition. The corps does not believe the financial statements include (or reflect) any uncertain tax positions.

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IRS990/Desc0ESTABLISHED IN 1956 AS A PART OF THE ROCKFORD VFW POST 342, PHANTOM REGIMENT, INC. IS A YOUTH ORGANIZATION DEDICATED TO THE DEVELOPMENT OF SELF-ESTEEM AND SELF-RELIANCE. IT ENCOURAGES TEAMWORK, SPORTSMANSHIP, CIVIC PRIDE AND CONTRIBUTIONS OF ONE'S PERSONAL BEST TO A GROUP EFFORT. THESE LESSONS ARE LEARNED THROUGH A MUSICAL AND MARCHING ACTIVITY IN WHICH THERE IS A BLENDING OF THE ARTS AND ATHLETICS.PHANTOM REGIMENT PRIDES ITSELF ON PROVIDING A LIFE-CHANGING EXPERIENCE FOR THE YOUTH THAT PARTICIPATE IN ANY OF OUR PROGRAMS. WE WANT TO OFFER A CONDUIT THROUGH WHICH THEY SUCCEED NOT ONLY WITHIN THE MUSIC EDUCATION WORLD, WHICH IS ONE OF OUR PRIMARY FOCUSES, BUT ALSO PROVIDING LESSONS THEY CAN APPLY TO OTHER AREAS OF THEIR LIFE. WE PROVIDE YOUTH ACTIVITIES THAT ENHANCE THE PERSONAL GROWTH AND DEVELOPMENT OF ITS PARTICIPANTS THROUGH EXCELLENCE IN EDUCATION, ENTERTAINMENT AND THE PERFORMING ARTS. IT'S ACTIVITIES MAKE A LASTING IMPACT ON OUR STUDENTS, MANY OF WHOM CONTINUE THEIR EDUCATION AND BECOME MUSIC EDUCATORS THROUGHOUT THE COUNTRY WHILE OTHERS BECOME PROFESSIONAL MUSICIANS AND DANCERS. WE FIND THAT MANY OF OUR ACTIVITIES HAVE A LIFE-LONG IMPACT ON THE STUDENTS DUE TO THE SKILLS AND FRIENDSHIPS THEY DEVELOP WHILE PARTICIPATING IN OUR PROGRAMS.OUR PROGRAMS INCLUDE:PHANTOM REGIMENT DRUM AND BUGLE CORPS - THIS IS A PERFORMING GROUP OF 150 STUDENTS THAT RANGE IN AGE FROM 16 TO 21. WE HAVE BETWEEN 600 AND 750 STUDENTS AUDITION TO BE PART OF THE CORPS THAT REQUIRES THAT THEY ATTEND PRACTICES ONE WEEKEND A MONTH FROM DECEMBER THROUGH APRIL AND MOVE TO ROCKFORD IN MAY TO LEARN THAT YEAR'S PROGRAM FOR THREE WEEKS BEFORE EMBARKING ON A TWO MONTH TOUR OF THE UNITED STATES TO PARTICIPATE IN COMPETITIONS AND PRACTICE. THE COMPETITIVE SEASON ENDS IN MID-AUGUST IN INDIANAPOLIS WHERE THE DRUM CORPS INTERNATIONAL WORLD CHAMPIONSHIPS ARE HELD. THE DRUM CORPS HAS THE 2ND LONGEST ACTIVE STREAK OF APPEARING IN DCI'S TOP 12 AND HAS WON THE CHAMPIONSHIP IN 1996 AND 2008.PUBLIC SCHOOL OUTREACH - THE ORGANIZATION PROVIDES ASSISTANCE IN THE FORM OF LENDING INSTRUMENTS AND INTRODUCING STUDENTS TO MUSIC. BUDGET CUTS IN MANY OF OUR LOCAL SCHOOL DISTRICTS HAVE RESULTED IN THE REDUCTION OR ELIMINATION OF MUSIC PROGRAMS. PHANTOM REGIMENT HAS ALSO PROVIDED CLINICIANS AND CONDUCTORS FOR THE CITY OF ROCKFORD'S ALL-STAR AND HONOR BAND CONCERTS. WE FEEL THAT MUSIC EDUCATION IS ESSENTIAL TO A WELL-ROUNDED STUDENT AND MANY STUDIES HAVE DOCUMENTED THE POSITIVE RELATIONSHIP BETWEEN BEING INVOLVED IN MUSIC AND MATH AND SCIENCE SCORES.HIGH & MIDDLE SCHOOL CONCERT BAND FESTIVAL - PRODUCED IN CONJUNCTION WITH THE NORTHERN ILLINOIS UNIVERSITY MUSIC DEPARTMENT, THIS FESTIVAL ALLOWS SCHOOLS THE OPPORTUNITY TO PERFORM IN THE BEAUTIFUL BOUTELL MEMORIAL CONCERT HALL, ON THE CAMPUS OF NORTHERN ILLINOIS UNIVERSITY. THE FESTIVAL IS A NONCOMPETITIVE, EDUCATIONAL EVENT IN A WELCOMING ENVIRONMENT WHERE STUDENTS PERFORM ON STAGE AND RECEIVE FEEDBACK AND STATE OF THE ART AUDIO AND VIDEO RECORDINGS OF THEIR CONCERT, AS WELL AS TAKE PART IN A CLINIC WITH ONE OF THE FESTIVAL'S CLINICIANS FOLLOWING THEIR PERFORMANCE.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1573530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01956
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt0379624
IRS990/FundraisingGrossIncomeAmt0531917
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01698216
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt0216
IRS990/InsuranceGrp/ManagementAndGeneralAmt011568
IRS990/InsuranceGrp/ProgramServicesAmt03179
IRS990/InsuranceGrp/TotalAmt014963
IRS990/InterestGrp/ManagementAndGeneralAmt03003
IRS990/InterestGrp/TotalAmt03003
IRS990/InventoriesForSaleOrUseGrp/BOYAmt063146
IRS990/InventoriesForSaleOrUseGrp/EOYAmt079130
IRS990/InvestmentIncomeGrp/ExclusionAmt069
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt069
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02839
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02656
IRS990/IRPDocumentCnt079
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0238679
IRS990/LandBldgEquipBasisNetGrp/BOYAmt076528
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0219635
IRS990/LandBldgEquipCostOrOtherBssAmt0458314
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FURTHER EDUCATION IN MUSIC, MARCHING, DANCE OR INTERPRETIVE MOVEMENT, DISCIPLINE AND SPORTSMANSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011646
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt061624
IRS990/NetAssetsOrFundBalancesBOYAmt0690345
IRS990/NetAssetsOrFundBalancesEOYAmt0776835
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0152293
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0152293
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0252
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03920
IRS990/OccupancyGrp/ManagementAndGeneralAmt03920
IRS990/OccupancyGrp/ProgramServicesAmt03920
IRS990/OccupancyGrp/TotalAmt011760
IRS990/OfficeExpensesGrp/FundraisingAmt05832
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05831
IRS990/OfficeExpensesGrp/ProgramServicesAmt05831
IRS990/OfficeExpensesGrp/TotalAmt017494
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0345010
IRS990/OtherAssetsTotalGrp/EOYAmt0305142
IRS990/OtherChangesInNetAssetsAmt0-24321
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1STAFF FEES
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt317806
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt324301
IRS990/OtherExpensesGrp/ProgramServicesAmt0454598
IRS990/OtherExpensesGrp/ProgramServicesAmt1165115
IRS990/OtherExpensesGrp/ProgramServicesAmt2139138
IRS990/OtherExpensesGrp/ProgramServicesAmt352900
IRS990/OtherExpensesGrp/TotalAmt0454598
IRS990/OtherExpensesGrp/TotalAmt1165115
IRS990/OtherExpensesGrp/TotalAmt2139138
IRS990/OtherExpensesGrp/TotalAmt395007
IRS990/OtherLiabilitiesGrp/BOYAmt015056
IRS990/OtherLiabilitiesGrp/EOYAmt010649
IRS990/OtherRevenueMiscGrp/BusinessCd0711130
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt061526
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt061526
IRS990/OtherRevenueTotalAmt061526
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010241
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010242
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt077672
IRS990/OtherSalariesAndWagesGrp/TotalAmt098155
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02887
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02887
IRS990/PayrollTaxesGrp/ProgramServicesAmt07324
IRS990/PayrollTaxesGrp/TotalAmt013098
IRS990/PensionPlanContributionsGrp/FundraisingAmt0305
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0305
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02105
IRS990/PensionPlanContributionsGrp/TotalAmt02715
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0267937
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0244986
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05906
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt038633
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07439
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07877
IRS990/PrincipalOfficerNm0TIMOTHY FARRELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/Desc0PARTICIPANT FEES
IRS990/ProgramServiceRevenueGrp/Desc1APPEARANCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0667611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1195707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0667611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1195707
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL CAMPS - PHANTOM REGIMENT HAS BEEN PRODUCING SUMMER EDUCATIONAL CAMPS SINCE 2003. WE HOLD CAMPS FOR DRUM MAJOR, BRASS, PERCUSSION AND COLOR GUARD. THESE 3 OR 4-DAY CAMPS ARE HELD THROUGHOUT THE UNITED STATES AND ARE ATTENDED BY HIGH SCHOOL STUDENTS THAT WANT TO IMPROVE THEIR SKILLS. THE EDUCATIONAL CAMP STAFF IS MADE UP OF SOME OF THE BEST HIGH SCHOOL AND COLLEGE BAND DIRECTORS FROM AROUND THE COUNTRY, MOST OF WHOM ARE CURRENT OR FORMER MEMBERS OF THE PHANTOM REGIMENT INSTRUCTIONAL STAFF. OUR EDUCATIONAL CAMP STUDENTS GET AN INTENSE, HANDS-ON EXPERIENCE THAT GENERALLY INCLUDES INTERACTIVE SESSION WITH THE DRUM CORPS. SURVEYS OF THE CAMP STUDENTS HAVE SHOWN THAT THE EDUCATION AND EXPERIENCE THEY'VE GAINED AT ONE OF OUR CAMPS HAVE HELPED THEM BECOME BETTER PERFORMERS AND LEADERS BACK AT THEIR HIGH SCHOOL PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt046296
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt082881
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0149071
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt027
IRS990/PYOtherExpensesAmt0968781
IRS990/PYOtherRevenueAmt0260855
IRS990/PYProgramServiceRevenueAmt0837559
IRS990/PYRevenuesLessExpensesAmt077877
IRS990/PYSalariesCompEmpBnftPaidAmt0200854
IRS990/PYTotalExpensesAmt01169635
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01247512
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0110559
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0841963
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0241386
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0149071
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0169779
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0231437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt094698
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0886371
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01395235
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01441696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01356825
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01261117
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01154500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06609373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0181
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt061526
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt058377
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt021598
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06775
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08831
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0157107
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96520
IRS990ScheduleA/PublicSupportPY509Pct00.94880
IRS990ScheduleA/PublicSupportTotal509Amt07386920
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt03018
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt023414
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt079346
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03046

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.62$1.25$2.96$3.05$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.92$0.60$1.32$2.52$2.70$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.55$1.47$3.17$2.66$0.51
2021Detailed filing. Detailed filing data is available for this year.$1.31$0.28$1.02$1.38$0.89$0.49
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.48$0.51$0.83$0.77$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.25$0.45$1.40$1.55$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.24$0.61$1.30$1.50$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.15$0.82$1.44$1.44$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.38$0.80$1.31$1.29$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.28$0.78$1.32$1.21$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.14$0.69$1.25$1.17$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.14$0.60$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.19$0.41$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.23$0.21$0.99