Tamo shanter adding yet another ice surface, why cant we

[rc_ziggy84]

BGSU is a state run "organization." Why would they pay taxes back to the state? Especially when our education system is so strapped for cash?

[Rightupinthere]

BGSU is a state run "organization." Why would they pay taxes back to the state? Especially when our education system is so strapped for cash?

I know that. My specific question was pertaining directly to any revenues by BG's athletic department. One large assumption in my question was pertaining to FEDERAL tax and not state. A minor assertion is BG's athletic department turns a profit for which to tax (if, indeed, tax is required by the IRS).

It's a question of whether revenues made by the athletic departments are held to a differnt standard by the IRS. There are schools which turn a HUGE profit in athletics. I never want to assume the government wouldn't want "their fair share." I'm 90% certain the answer is "no" but it is a question worth asking before I show how much longer BG would need to have a second ice "pay for itself" than a private enterprise. My conclusion will hopefully show there can be zero commonality between private enterprise and a public one.

[Puckhead]

I'm not an accountant, nor do I play one on TV; but I would doubt that a
State University would be paying income taxes. Even if they had to file a tax return, do we really think that there would be any taxable income??

The compressors and piping at the main arena has to be replace very soon.
"They" are not making replacement parts or coolant fluid for the current system. I'm amazed that Buddy has kept everything together this far.

While putting in the plumbing for the main arena, I am hoping that the Administration will spend the extra money to add the second sheet.
The second ice sheet at BG or TOS will require regulation size ice, bleachers for about 500, additional locker rooms and concessions.
As BO points out nothing is cheap when working in the state system, but while you have to replace the current equipment, ya might as well
do it right.

[PGY Tiercel]

BGSU is a state run "organization." Why would they pay taxes back to the state? Especially when our education system is so strapped for cash?

I know that. My specific question was pertaining directly to any revenues by BG's athletic department. One large assumption in my question was pertaining to FEDERAL tax and not state. A minor assertion is BG's athletic department turns a profit for which to tax (if, indeed, tax is required by the IRS).

It's a question of whether revenues made by the athletic departments are held to a differnt standard by the IRS. There are schools which turn a HUGE profit in athletics. I never want to assume the government wouldn't want "their fair share." I'm 90% certain the answer is "no" but it is a question worth asking before I show how much longer BG would need to have a second ice "pay for itself" than a private enterprise. My conclusion will hopefully show there can be zero commonality between private enterprise and a public one.

Universities are Tax exempt, from having to pay sales tax when buying things from vendors and I'm pretty sure on money earned through endowments, gifts and other profits. By default so are athletic departments.

I'm not sure how much longer this will last however. I know the recent huge salaries given to coaches is starting to raise questions why ADs are tax exempt. I think if you are making millions on merchandise and TV rights, some of that money needs to be paid back to the government. As it is most Athletic departments aren't putting enough of it back into the University (Through general scholarship, faculty salary building up-keep, etc) to convince me that the athletic departments are supporting the University as a whole, and not just their own bloated systems. Obviously this applies to the Big Schools, many of the small schools and mid-majors make just enough to keep them afloat, which is why the tax exempt rule is important for them.

[MACMAN]

And our administration's refusal to spend any.

Oh, we spend quite a lot of it. But there are some more important items out there for it to be spent on.

That concept is better understood by the wall in your office. Some people on here are under the impression that BGSU is only here to spend money on athletics and the rest of our programs can go to hell.

See that is the basic problem...people forget that if you invest...note invest...in your sports programs you earn more money back for other programs, and you create excitement around the program as well which in turn creates more interest in other programs.
Very much like corporations that in the lien years spend more on RD rather than cut expenses and jobs.
it is very real that we only have so much money to spend, but a rink as simple as what I am talking about is a simple investment in the future.