Gator Bowl Association Inc
- Assets
- $8.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Jacksonville, FL
- Founding
- 05/1989
- Data as of
- 03/2022
- EIN
- 59-0541694
Organization Overview
Gator Bowl Association Inc is located in Jacksonville, FL. The organization was established in 1989. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Gator Bowl Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gator Bowl Association 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 03/2022, Gator Bowl Association Inc generated $6.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $6.2m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gator Bowl Association Inc has awarded 21 individual grants totaling $46,325,073. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADITION: THE GATOR BOWL GAME AND EVENTS ARE A 78-YEAR-OLD NORTHEAST FLORIDA FAMILY TRADITION. THE GATOR BOWL IS THE SIXTH OLDEST COLLEGE BOWL GAME AND WAS THE FIRST TO BE TELEVISED NATIONALLY COAST-TO-COAST. IT IS THE HOME OF LEGENDARY COACHES; HEISMAN, OUTLAND, VINCE LOMBARDI AND MAXWELL AWARD WINNERS; AND MORE THAN 175 FIRST-TEAM ALL-AMERICANS. GATOR BOWL SPORTS, INC IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WHOSE PRIMARY CHARITABLE ACTIVITIES ARE FOCUSED ON EDUCATION AND YOUTH IN THE NORTH FLORIDA AREA. FLORIDA'S FIRST COAST SCHOOLS WILL RECEIVE A PORTION OF SPECIAL TICKET REVENUE TO SUPPORT IN-SCHOOL PROGRAMS. 6,000 OUT-OF-TOWN VISITORS; $3.6-$4.2 MILLION IN DIRECT SPENDING FOR THE LOCAL ECONOMY; $7.5 MILLION OVERALL ECONOMIC IMPACT TO NORTHEAST FLORIDA. GATOR BOWL SPORTS, INC HAD ONE MAJOR PROGRAM FOR THE FISCAL YEAR ENDED MARCH 31, 2022, THE TAXSLAYER GATOR BOWL. THE TAXSLAYER GATOR BOWL WAS A POST-SEASON COLLEGE FOOTBALL GAME MATCHING RUTGERS UNIVERSITY AGAINST WAKE FOREST UNIVERSITY. IT INCLUDED A WEEK-LONG CELEBRATION WITH ACTIVITIES, PARTIES AND EVENTS FOR THE FANS AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Mcgarity President/ceo | Officer | 40 | $174,202 |
Robert E Leverock Jr Vice President/cfo | Officer | 40 | $166,691 |
Katherine Cox Vice President Of Marketing | Officer | 40 | $123,425 |
Scott Keith Treasurer | OfficerTrustee | 1 | $0 |
David Boree Secretary | OfficerTrustee | 1 | $0 |
John Duce Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pri Productions Inc Event Planning | 3/30/20 | $156,016 |
Bpm Concerts Llc Concert Promoter | 3/30/20 | $160,000 |
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 | $163,531 |
| Noncash contributions included in lines 1a–1f | $163,531 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,531 |
| Total Program Service Revenue | $6,252,254 |
| Investment income | $109,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,548,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,332,000 |
| 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. | $566,555 |
| Compensation of current officers, directors, key employees. | $153,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,919 |
| Pension plan accruals and contributions | $22,742 |
| Other employee benefits | $97,574 |
| Payroll taxes | $54,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,455 |
| Fees for services: Accounting | $86,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,042 |
| Fees for services: Other | $37,500 |
| Advertising and promotion | $125,423 |
| Office expenses | $88,123 |
| Information technology | $33,843 |
| Royalties | $0 |
| Occupancy | $118,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,993 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,839 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,231,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,935,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $622,100 |
| 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 | $7,248 |
| Net Land, buildings, and equipment | $59,819 |
| Investments—publicly traded securities | $3,245,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,085,863 |
| Total assets | $7,955,828 |
| Accounts payable and accrued expenses | $1,954,602 |
| Grants payable | $0 |
| Deferred revenue | $48,598 |
| 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 | $299,619 |
| Total liabilities | $2,302,819 |
| Net assets without donor restrictions | $5,653,009 |
| 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 | $7,955,828 |
Grants Awarded
Over the last fiscal year, Gator Bowl Association Inc has awarded $2,648,724 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: SUPPORT STUDENT ATHLETICS | $1,930,987 |
Rosemont, IL PURPOSE: SUPPORT STUDENT ATHLETICS | $717,737 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gator Bowl Association Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Jacksonville Jaguars Foundation Inc Jacksonville, FL PURPOSE: CONTINUED SUPPORT | $25,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twg 2021 Birmingham Foundation Birmingham, AL | $1,575,838 | $9,654,976 |
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 |
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 |