Tax Filings Show That The Operators Of PGA Tour’s Greenbrier Classic Are In The Hole

The nonprofit group operated and owned by Gov. Jim Justice, Old White Charities, have recently released some zoom filings that show that the group has been in a financial hole amounting to about $11.6 million, since the year 2016.

This is notable as the NPO has been allocating approximately 4% of its total expenditures to charities from 2010 to the 2015. In total, the OWC reported donating $4.9 million from 2010 to 2016, to many charities and received $16.5 million in grants and gifts in the same time span.

The flooding that struck the Greenbrier Resort, killing about two dozen people, prevented the place from hosting the Greenbrier Classic for the year. That year’s financial losses continuing a pattern of financial losses since the OWC first held the event.

501(c)(3) organizations, like nonprofit groups, are required to handle zoom filings annually to the Internal Revenue Service, who will the documents available for public viewing. GuideStar, Inc. a nonprofit information service that primarily handles reporting on the country’s NPOs, was the one responsible for filing the OWC’s 2016 report, while the older filings were revealed thanks to the ProPublica’s Nonprofit Explorer. As part of the Internal Revenue Code’s Section 501(c)(3), the OWC is a tax-exempt entity.

These documents show that the last years that the OWC’s filings indicated a profit gain was in 2010, where, of its $30.3 million revenue, $82,000 was profit, and 2012. For 2011, 2013, 2015 and 2016, the NPO had been taking heavy losses, amounting to $5.4 million, $2.5 million, $3.1 million and $4.7 million, respectively.

Elmer Coppoolse, the COO of the Greenbrier Resort, says that these heavy financial losses were due to the Greenbrier Classic not having enough corporate sponsorships. He says that the event needs more sponsors, something they work on every year, and he hopes that it will start to work.

He has expressed gratitude and admiration for Justice and his family, who continue to cushion the event’s losses with their own money, while also donation hundreds and thousands of dollars to charity annually.

Currently, the group’s 2017 tax filing is unavailable, by Coppoolse says that the tourney managed to bring in about $5 million revenue, following a setup cost of about $9 million.

Will The Changes In Reverse Mortgage Benefit The Consumer?

It is important for financial advisers to be properly updated with the recent changes in reverse mortgage so that they can discuss the program with their clients. According to the latest reverse mortgage information, recent changes will result into fewer seniors qualifying for the program. However, industry professionals claim that while adjustments are tough, the new rules will provide consumers with better deals.

One of the advantages is the reverse mortgage will be less expensive than it used to be. Because there is competition among lenders, consumers are often offered better interest deals. HECM will continue to be pursued because of the reduction in the annual mortgage insurance premiums notwithstanding the fact that origination fees will possibly return with loss of closing cost credits.

Based on the explanation of Michael McCully of New View Advisors, overall cost reduction will outweigh initial upfront fees. Borrowers do not like paying upfront closing fees. Lower margins and/or lower fixed rates will mean a lower overall cost which can result into bigger savings over the term of the loan than incremental upfront closing costs. If HECM offers a lower interest rate than home equity loan line of credit, consumers will opt for HECM is spite of the upfront fees.

Because of the reduction in possible profits, firms using expensive marketing strategies will return to old tactics that are relationship-based and less invasive. This will be a win-win situation because consumers are actually turned off by aggressive marketing techniques that have also destroyed the product’s reputation.

Many believe that changes can encourage the growth of a stronger proprietary market where consumers will have more choices. This will also open many opportunities for product development that will be beneficial to the reverse mortgage market and consumers. The fact is the changes that were made will make reverse mortgage as a viable option for retirement planning.

Aside from researching online for reverse mortgage information, financial advisers as well as senior homeowners can also attend free webinars and symposiums that provide reverse mortgage education. Different scenarios will be explained so that reverse mortgage can be used a supplemental income and support for retirement.

What You Need To Know About Branding In Thailand

When branding in Thailand, you place the most significant aspect of a business whether large or small. An effective brand strategy will provide a major advancement to a competing business. So let’s define what “branding” is and how it can affect a small or huge business.

A customer is promised by a business by offering them a high quality brand. It informs the customer on what to expect from the goods that are offered. It distinguishes your offering from your competitors. The offered brand is derived from who you are, what you wish to be, and how people can see you. You definitely need to target audience to make your products or services sell.

How to do branding in Thailand is through your logo. This will be integrated in your website, the packaging of your merchandise and the promotional materials used to communicate your brand.

Defining Your Brand

When you define your brand, it’s like traveling your business to self-discovery. Branding is difficult, time consuming and uncomfortable, as you need to define your company’s mission; the benefits and features of your merchandise; what current and prospective customers think about your products; and, what qualities you want your customers to associate with your business.

Do more research and learn more what your current and prospective customers need and aspire. Really find out what they think about your business.

Once you’ve defined the branding in Thailand, how do you make it efficient? Here are simple tips that make things possible:

  • Create a good logo and show it everywhere.
  • Write down a brand message. Write down a messaging used to communicate your brand. Your employees must know your brand features.
  • Create a tone that reflects your brand. The tone must be appropriate for all written communication and integrated with all your material images. You can be either conversational or formal as required by the gist.
  • Develop a standard for your marketing materials. Use the same format like how you place your logo, the colour scheme used and how it feels and look. You need to be consistent all throughout.
  • Be real with your brand. You need to promise customers how you deliver your brand so that they will return to you or refer you to other customers.

Business World Penetrated By Women Of Color

Many decades ago, it is next to impossible to meet latin women leading their own businesses or company. That era is far gone when Nely Galan decided to launch her own television production company geared towards Latino audiences. It was 1989 and she faced various challenges aside from the fact that executives think her venture will not succeed.

She proved anyone wrong when in 1994 her company was incorporated and was able to produce original programs with reaching 700 episodes. Galan Entertainment then became home to one of the most popular reality series called The Swan. Now, she is the entertainment president of Telemundo.

Galan was an immigrant from Cuba and this is why she established The Adelante Movement half a decade ago. She wanted to help Latina women who dream to become entrepreneurs providing them with training, tools as well as events.

These Latina women under her program are now counted as a huge part of the total numbers of women entrepreneurs within the United States. According to State of Women-Owned Businesses Report in 2016, eight in every 10 businesses owned by women were established by women of color.

Since 2008, the number of businesses owned by Latina has grown by 137 per cent. The report revealed that this is the highest increase among all other demographic group residing in the United States. Within that period, 3.5 million businesses were established by women while only 1.6 million companies were started by men.

Though the numbers are impressive, there is still a hard truth behind these numbers. The truth is that these businesses of women of color are only earning average revenue of $70,000 annually and majority of these businesses are geared towards the service and retail industry. The main reason why almost 3 million of them started their own business is because they were unemployed since the recession happened.

Their businesses are also growing slower compared to companies started by white men because majority of the venture capitalists are comprised of white men. Despite it all, to meet Latin women who are starting to make a name for themselves is already a big leap to what it used to be decades ago.

New Businesses Expected To Open Soon In Scotland

Inverness, a city in Scotland is associated to nature and parks. You can explore Loch Ness or immerse yourself in natural landscapes while you tour the Scotland Highlands. There are also Inverness hotels where every room is fitted with luxurious furnishings, free Wi-Fi, TV and many more. In Hom osassa, there is a new Asian restaurant, drive-through, ice cream parlour and an auto supply store in the offing.

Taco Bell in Homosassa is an Asian Restaurant that that has a drive-through and an indoor seating for 54 people. Unlike the other restaurants in the chain, the new Taco Bell has no outdoor patio. It displays the current “Live Mas” design with a brown exterior façade. It will be accessible through US 19 and from a cut-through at the adjacent Dollar General to the south.

Aside from Taco Bell, there is also a new ice cream parlour that received approval at 3802 US19 right at the intersection of Homosassa Trail in the parking lot of Winn-Dixie shopping centre. It will be very easy to find Twistee Treat ice cream store because it stands out from the road due to its 25-foot tall Fiberglas cone-shaped building. The chain specializes in soft ice cream.

There is good news for lovers of Asian food because the city has received permit applications for Flavour C, an Asian restaurant that will be located at the old Rustic Ranch building on 104 US 41 south. The site used to be occupied by La Cantina de Mexico. The site is currently under renovation but people can expect the new restaurant to open soon.

Auto Zone, a Tennessee-based auto supply store was reported to have requested a building permit for a new site at 2310 W. Coast Path. The auto supply store has more than 6,000 stores nationwide. It also has stores in Brazil and Mexico with plans for a new store in Beverly Hills.

There are many unconfirmed reports of businesses that have requested for building permits. If you opt for Inverness hotels during your vacation in Scotland, it is very likely that you will experience the products and services offered by the new businesses.

An Insight Into The Global Market Of Electrical Conduit Systems

The electrical conduit system is a piping system or raceway used to carry electrical wirings for power or communication. Electrical conduits are made from various materials like metal, plastics or fibres. The most popular electrical conduits are made from galvanized steel, electrical metallic tubing (EMT), intermediate metal, aluminium or PVC. If you are using electrical metallic tubing, there is EMT connector for sale that can be used for connectors and couplings.

The electrical conduit system forms a subset of cable management systems used for carrying wires and cables. In 2014, the global electrical conduit market was valued at US$3,954.1 million. It is estimated to expand with a CAGR of 9.2% from 2015 to 2022. The market for electrical conduits is driven by the growth of the construction industry.

There are different construction activities in the industrial, commercial and residential sectors. It is forecasted that demand for electrical conduit systems will remain consistent in the coming years. Another reason for the growth of electrical conduit systems is its superiority over other wiring techniques. However, the market is also facing some serious challenges because electrical conduit systems are more expensive than traditional systems. It is also important to consider the availability of other alternatives that can be used for the protection and routing of electrical cables and wirings.

The electrical conduit system consists of the tubing or conduit and fitting components like elbows, clamps, EMT connectors and others. In areas that experience large amounts of movements and vibrations, the best option is flexible EMT connectors that will absorb movements. The flexible connectors are also waterproof meaning they can be installed for above ground applications.

Right now, the galvanized steel rigid conduits have the largest in terms of revenue in the global market. However, in terms of penetration, the PVC electrical conduit systems account for the largest share of the global market.

If you are going to install electrical conduit systems using electrical metallic tubing, there is EMT connector for sale that is available in more popular trade sizes of ½-inch and ¾-inch for both connectors and couplings. There is an insulated and non-insulated version to meet different customer requirements.