Tuscaloosa Sports Foundation Inc
- Assets
- $196.3k
- Revenue
- $4.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 20-4440080
Organization Overview
Tuscaloosa Sports Foundation Inc is located in Tuscaloosa, AL. The organization was established in 2009. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuscaloosa Sports Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tuscaloosa Sports Foundation Inc generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (43.4%) each year. All expenses for the organization totaled $6.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT VISITORS, MEETINGS, CONVENTIONS, SPORTING EVENTS, AND OTHER TOURISM FUNCTIONS TO THE CITY OF TUSCALOOSA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE CORPORATION IS TO SOLICIT VISITORS, MEETINGS, CONVENTIONS, AND SPORTING EVENTS AND OTHER TOURISM FUNCTIONS TO THE CITY OF TUSCALOOSA AND THE WEST ALABAMA REGION.
THE ORGANIZATION SUPPORTED THE DRUID CITY ARTS FESTIVAL (DCAF) IN 2021. THE DRUID CITY ARTS FESTIVAL WAS HELD IN GOVERNMENT PLAZA IN DOWNTOWN TUSCALOOSA. LOCAL PAINTERS AND OTHER CREATIVE ARTISTS WERE ABLE TO SHOWCASE THEIR WORK AND SELL THEIR MERCHANDISE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Echols Secretary-Bo | OfficerTrustee | 1 | $0 |
Bill Lloyd President | OfficerTrustee | 1 | $0 |
Josh Rivers V-P - Board | OfficerTrustee | 1 | $0 |
Samyra Snoddy Treasurer-Bo | OfficerTrustee | 1 | $0 |
Dennis Conner Board Member | Trustee | 1 | $0 |
Riley Edwards Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274 |
| Total Program Service Revenue | $4,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $902 |
| All other expenses | $0 |
| Total functional expenses | $6,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,295 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $196,295 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $196,295 |
Grants Awarded
Over the last fiscal year, Tuscaloosa Sports Foundation Inc has awarded $108,018 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tuscaloosa, AL PURPOSE: BICENTENNIAL | $78,268 |
Tuscaloosa, AL PURPOSE: DRUID CITY MUSIC FESTIVAL | $20,000 |
Tuscaloosa, AL PURPOSE: DRUID CITY ARTS FESTIVAL | $9,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tuscaloosa Sports Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Leroy Mcabee Sr Family Foundation Tuscaloosa, AL PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gator Bowl Association Inc Jacksonville, FL | $7,955,828 | $6,548,929 |
Alabama Sports Council Inc Birmingham, AL | $494,111 | $5,878,430 |
Tampa Bay Sports Commission Inc Tampa, FL | $4,945,852 | $6,025,191 |
Orlando After-School All-Stars Inc Orlando, FL | $1,865,607 | $3,872,306 |
Florida Region Of Usa Volleyball Inc Eustis, FL | $2,318,031 | $2,530,772 |
Caps International Inc Miami, FL | $637,848 | $2,567,379 |
Palm Beach Masters Horse Show Inc Wellington, FL | $0 | $140,372 |
Mobile Alabama Bowl Inc Mobile, AL | $1,066,135 | $1,992,885 |
Running Zone Foundation Inc Melbourne, FL | $222,615 | $1,393,967 |
Music City Bowl Inc Nashville, TN | $2,763,006 | $112,115 |
State Wide Amateur Hockey Of Florida Inc Parkland, FL | $0 | $1,249,347 |
Greater Columbus Sports & Events Council Inc Columbus, GA | $3,992,863 | $1,719,246 |