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CSUB fundraising series in TBC
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RunnerBall Offline
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Post: #1
CSUB fundraising series in TBC
http://www.bakersfield.com/sports/athlet...f.amp.html

Ok, I'm not really sure how this fits in with the new post guidelines around here. I dont want to enrage people. Its not really glorification, but more informational. I'm guessing...most WAC schools are moving in this direction / the health (state) of the conference to a degree.

Move it to the CSUB boards if you need to, mods.

Currently mobile....away from the house or on the 'throne.'
(This post was last modified: 08-07-2017 01:03 AM by RunnerBall.)
08-07-2017 01:00 AM
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CrimsonPhantom Offline
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Post: #2
RE: CSUB fundraising series in TBC
Quote:Like all non-profits, CSUB Athletic has no shareholders to satisfy or dividends to pay and thus has no reason not to spend every dollar it generates.
08-07-2017 11:10 AM
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gleadley Online
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Post: #3
RE: CSUB fundraising series in TBC
(08-07-2017 11:10 AM)CrimsonPhantom Wrote:  
Quote:Like all non-profits, CSUB Athletic has no shareholders to satisfy or dividends to pay and thus has no reason not to spend every dollar it generates.

*No current D1 institution pays dividends, regardless of tax status. :)
(This post was last modified: 08-07-2017 11:47 AM by gleadley.)
08-07-2017 11:32 AM
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ProfScott Offline
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RE: CSUB fundraising series in TBC
(08-07-2017 11:32 AM)gleadley Wrote:  
(08-07-2017 11:10 AM)CrimsonPhantom Wrote:  
Quote:Like all non-profits, CSUB Athletic has no shareholders to satisfy or dividends to pay and thus has no reason not to spend every dollar it generates.

*No current D1 institution pays dividends, regardless of tax status. :)

Very true. As a GCU stockholder for the last six years, I have never received a single dividend.
I do find it fascinating that the very term "for-profit" seems to conjure up money grubbing individuals who have no desire to place the students' interests first. While a "non-profit" is not money grubbing yet "has no reason not to spend every dollar it generates." Hmm... What ever happened to saving for a rainy day?
08-07-2017 05:28 PM
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RunnerBall Offline
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RE: CSUB fundraising series in TBC
(08-07-2017 05:28 PM)ProfScott Wrote:  
(08-07-2017 11:32 AM)gleadley Wrote:  
(08-07-2017 11:10 AM)CrimsonPhantom Wrote:  
Quote:Like all non-profits, CSUB Athletic has no shareholders to satisfy or dividends to pay and thus has no reason not to spend every dollar it generates.

*No current D1 institution pays dividends, regardless of tax status. :)

Very true. As a GCU stockholder for the last six years, I have never received a single dividend.
I do find it fascinating that the very term "for-profit" seems to conjure up money grubbing individuals who have no desire to place the students' interests first. While a "non-profit" is not money grubbing yet "has no reason not to spend every dollar it generates." Hmm... What ever happened to saving for a rainy day?

See, I figured it belonged in the main forum. 03-wink
08-07-2017 07:43 PM
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gleadley Online
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RE: CSUB fundraising series in TBC
(08-07-2017 07:43 PM)RunnerBall Wrote:  
(08-07-2017 05:28 PM)ProfScott Wrote:  
(08-07-2017 11:32 AM)gleadley Wrote:  
(08-07-2017 11:10 AM)CrimsonPhantom Wrote:  
Quote:Like all non-profits, CSUB Athletic has no shareholders to satisfy or dividends to pay and thus has no reason not to spend every dollar it generates.

*No current D1 institution pays dividends, regardless of tax status. :)

Very true. As a GCU stockholder for the last six years, I have never received a single dividend.
I do find it fascinating that the very term "for-profit" seems to conjure up money grubbing individuals who have no desire to place the students' interests first. While a "non-profit" is not money grubbing yet "has no reason not to spend every dollar it generates." Hmm... What ever happened to saving for a rainy day?

See, I figured it belonged in the main forum. 03-wink

Budgets & revenue definitely fit any college athletics convo. With so much competition for entertainment dollars across the country, it is interesting to hear what is working in different places. Love hearing how CSUB is leveraging the interest after the tourney appearance & NIT run. I have a whole new level of respect for job NMSU administrators have done with limited resources, especially when it is contrasted with the buffoonery happening up in ABQ. I think we are all rooting for "the little Cougars that could" at Chicago St, given all the financial challenges they've face.
08-07-2017 10:55 PM
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Clarity Online
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RE: CSUB fundraising series in TBC
Semi related most season tickets for CSUB including a new section they made this year called bleacher reserved are already sold out. I think most games will be sold out this year which is so awesome. Can't wait for the season to start.
08-07-2017 11:04 PM
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ProfScott Offline
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RE: CSUB fundraising series in TBC
(08-07-2017 11:04 PM)Clarity Wrote:  Semi related most season tickets for CSUB including a new section they made this year called bleacher reserved are already sold out. I think most games will be sold out this year which is so awesome. Can't wait for the season to start.

Can't wait for the season to start either. I predict the WAC as a whole will see a major uptick in attendance.
08-08-2017 12:02 PM
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ProfScott Offline
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RE: CSUB fundraising series in TBC
(08-07-2017 01:00 AM)RunnerBall Wrote:  http://www.bakersfield.com/sports/athlet...f.amp.html

Currently mobile....away from the house or on the 'throne.'
"This is the first of a three-part series on CSUB’s athletics department. Part two will run Aug. 13 and part three Aug 20."
Runnerball can you post part two and three of this series when they come out. Thanks!
08-08-2017 12:05 PM
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RunnerBall Offline
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RE: CSUB fundraising series in TBC
(08-08-2017 12:05 PM)ProfScott Wrote:  
(08-07-2017 01:00 AM)RunnerBall Wrote:  http://www.bakersfield.com/sports/athlet...f.amp.html

Currently mobile....away from the house or on the 'throne.'
"This is the first of a three-part series on CSUB’s athletics department. Part two will run Aug. 13 and part three Aug 20."
Runnerball can you post part two and three of this series when they come out. Thanks!

Sure.
08-08-2017 11:29 PM
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