Peach Bowl Inc
- Assets
- $61.9m
- Revenue
- $45.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Atlanta, GA
- Founding
- 04/1970
- Data as of
- 05/2022
- EIN
- 58-1052332
Organization Overview
Peach Bowl Inc, operating under the name Chick-Fil-A Peach Bowl, is located in Atlanta, GA. The organization was established in 1970. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 05/2023, Chick-Fil-A Peach Bowl employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chick-Fil-A Peach Bowl 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 05/2022, Chick-Fil-A Peach Bowl generated $45.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $37.8m during the year ending 05/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chick-Fil-A Peach Bowl has awarded 268 individual grants totaling $125,824,745. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO POSITIVELY IMPACT PEOPLE'S LIVES BY CELEBRATING COLLEGE ATHLETICS THROUGH BEST-IN-CLASS EVENTS THAT CREATE CHARITABLE DONATIONS, SCHOLARSHIPS, AND ECONOMIC IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHICK-FIL-A KICKOFF GAME AND ITS CHARITABLE GIVING PLATFORM WERE CREATED TO FOSTER & PROMOTE NCAA FOOTBALL COMPETITION AND TO SUPPORT COLLEGE EDUCATION THROUGH SCHOLARSHIP DONATIONS. THE KICKOFF GAME IS A NEUTRAL SITE COLLEGE FOOTBALL GAME WHICH IS PLAYED AT THE BEGINNING OF EVERY SEASON. IN THE FISCAL YEAR ENDING MAY 31, 2023, PEACH BOWL, INC HOSTED TWO CHICK-FIL-A KICKOFF GAMES AND CONTRIBUTED A TOTAL OF $13,000,000 VIA GAME PARTICIPATION PAYOUTS TO THE UNIVERSITY OF GEORGIA, THE UNIVERSITY OF OREGON, AND THE GEORGIA INSTITUTE OF TECHNOLOGY.
THE CHICK-FIL-A PEACH BOWL AND ITS CHARITABLE GIVING PLATFORM WERE CREATED TO FOSTER & PROMOTE NCAA FOOTBALL COMPETITION AND TO SUPPORT COLLEGE EDUCATION THROUGH SCHOLARSHIP DONATIONS, AND TO SUPPORT CHILDREN'S HEALTH INITIATIVES, DISASTER RELIEF, AND OTHER DESERVING CHARITABLE ORGANIZATIONS IN OUR COMMUNITY AND IN THE COMMUNITIES OF OUR PARTICIPATING UNIVERSITIES. IN THE FISCAL YEAR ENDING MAY 31, 2023, PEACH BOWL INC DONATED $310,847 TO CHILDRENS HEALTHCARE OF ATLANTA, $250,000 TO THE YMCA OF ATLANTA, $250,000 TO THE WESTSIDE FUTURE FUND, $200,000 TO THE AMERICAN RED CROSS OF GA, $250,000 TO THE ATLANTA PUBLIC SCHOOLS, $100,000 TO GEORGIA LIONS LIGHTHOUSE FOUNDATION, $100,000 TO LIONS CLUB INTERNATIONAL, $50,000 EACH TO THE SCHOLARSHIP FUNDS AT THE UNIVERSITY OF GEORGIA AND THE OHIO STATE UNIVERSITY, AND $187,300 TO VARIOUS OTHER CHARITABLE ORGANIZATIONS.
THE SOUTHERN COMPANY PEACH BOWL CHALLENGE GOLF TOURNAMENT AND ITS CHARITABLE GIVING PLATFORM WERE CREATED TO FOSTER & PROMOTE NCAA COMPETITION AND TO PROVIDE FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS IN OUR COMMUNITY, AND IN THE COMMUNITIES OF THE PARTICIPATING UNIVERSITIES. IN THE FISCAL YEAR ENDING MAY 31, 2023, THE SOUTHERN COMPANY PEACH BOWL CHALLENGE EVENT DONATED A TOTAL OF $302,500 TO VARIOUS CHARITABLE ORGANIZATIONS AS SELECTED BY THE FOOTBALL COACHES PARTICIPATING IN THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary P Stokan President And Chief Executive | OfficerTrustee | 40 | $858,973 |
David L Epps Chief Operating Officer | Officer | 40 | $394,783 |
A Christopher Hughes Chief Financial Officer | Officer | 40 | $251,891 |
Derek T Martin Vice President, Events | Officer | 40 | $211,382 |
Matthew E Garvey Vice President, Communications | Officer | 40 | $211,050 |
Benjamin S Hollis Vice President, Sales | Officer | 40 | $174,793 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $42,457,280 |
| Investment income | $1,715,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,363,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,717,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,728,307 |
| 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. | $2,144,673 |
| Compensation of current officers, directors, key employees. | $214,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $883,566 |
| Pension plan accruals and contributions | $23,807 |
| Other employee benefits | $113,689 |
| Payroll taxes | $155,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,899 |
| Advertising and promotion | $595,215 |
| Office expenses | $85,478 |
| Information technology | $50,564 |
| Royalties | $0 |
| Occupancy | $398,236 |
| Travel | $102,878 |
| 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 | $87,728 |
| Insurance | $240,545 |
| All other expenses | $9,781 |
| Total functional expenses | $37,788,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,030,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,403,617 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,949,857 |
| Net Land, buildings, and equipment | $134,965 |
| Investments—publicly traded securities | $49,199,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,887,309 |
| Accounts payable and accrued expenses | $459,496 |
| Grants payable | $8,000,000 |
| Deferred revenue | $2,869,435 |
| 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 | $882,378 |
| Total liabilities | $12,211,309 |
| Net assets without donor restrictions | $49,676,000 |
| 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 | $61,887,309 |
Grants Awarded
Over the last fiscal year, Peach Bowl Inc has awarded $15,020,847 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF GEORGIA PURPOSE: SUPPORT | $200,000 |
ANDREW & WALTER YOUNG - YMCA PURPOSE: SUPPORT | $250,000 |
ATLANTA PUBLIC SCHOOLS DEPT OF ATHLETICS PURPOSE: SUPPORT | $150,000 |
BEAMER FAMILY FOUNDATION PURPOSE: SUPPORT | $15,000 |
CHILDREN'S HOSPITAL OF PITTSBURGH PURPOSE: SUPPORT | $32,500 |
CHRISTIAN CITY INC PURPOSE: SUPPORT | $50,000 |