Tampa Bay Bowl Association Inc
- Assets
- $13.1m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Tampa, FL
- Founding
- 02/1987
- Data as of
- 01/2023
- EIN
- 59-2643123
Organization Overview
Tampa Bay Bowl Association Inc, operating under the name Reliaquest Bowl, is located in Tampa, FL. The organization was established in 1987. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 01/2023, Reliaquest Bowl employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reliaquest 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 01/2023, Reliaquest Bowl generated $11.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $12.3m during the year ending 01/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Reliaquest Bowl has awarded 153 individual grants totaling $60,268,580. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
POSTSEASON COLLEGE BOWL FOOTBALL GAME. PROCEEDS OF THE GAME BENEFIT THE PLAYING TEAMS' COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RELIAQUEST BOWL IS A NEW YEAR'S DAY COLLEGE FOOTBALL GAME THAT PAYS SIGNIFICANT FEES TO NCAA PARTICIPATING SCHOOLS FOR THEIR APPEARANCE IN OUR NEW YEAR'S DAY GAME. THIS YEAR THE RELIAQUEST BOWL PAID A COMBINED $6,100,000 TO THE SEC AND BIG TEN CONFERENCES. THE RELIAQUEST BOWL HAS PAID APPROXIMATELY $170,000,000 OVER ITS BRIEF HISTORY TO NCAA MEMBER INSTITUTIONS. THE RELIAQUEST BOWL ASSUMES THE TREMENDOUS FINANCIAL RISK AND LIABILITY WITH ITS FINANCIAL GUARANTEES TO THE SCHOOLS. THE RELIAQUEST BOWL NOT ONLY GUARANTEES ENORMOUS AMOUNTS BUT ALSO PROVIDES HOSPITALITY, ENTERTAINMENT, AND GIFTS TO THE NCAA SCHOOLS AS APART OF ITS COMMITMENT. SINCE ITS INCEPTION, THE BOWL HAS GENERATED AN ECONOMIC IMPACT OF OVER $1.1 BILLION FOR THE TAMPA BAY AREA COMMUNITY.
THE RELIAQUEST BOWL HAS CONTRIBUTED OVER $3,500,000 OVER THE YEARS TO LOCAL CHARITIES. THIS YEAR THE BOWL HAS CONTRIBUTED $509,300 TO 77 CHARITIES IN THE TAMPA BAY AREA. GOING FORWARD, THE RELIAQUEST BOWL HAS PLEDGED AN ADDITIONAL $1 MILLION OVER THE NEXT TWO YEARS TO CHARITIES FROM OUR CHARITABLE GIVING INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Atlas Chair | OfficerTrustee | 0.5 | $0 |
Chris Roederer Vice Chair | OfficerTrustee | 0.5 | $0 |
Glenn Fasani Vice Chair Hillsborough | OfficerTrustee | 0.5 | $0 |
Todd Timmerman Vice Chair Pinellas | OfficerTrustee | 0.5 | $0 |
Tim Love Secretary | OfficerTrustee | 0.5 | $0 |
Greg Orchard Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elder Sports Marketing Title Sponsorship Broker | 1/30/23 | $150,000 |
Moore Epstein Moore Advertising | 1/30/23 | $101,250 |
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 | $11,049,277 |
| Investment income | $48,762 |
| 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 | $11,710,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,609,300 |
| 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. | $989,127 |
| Compensation of current officers, directors, key employees. | $328,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $872,531 |
| Pension plan accruals and contributions | $61,193 |
| Other employee benefits | $148,690 |
| Payroll taxes | $76,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,359 |
| Fees for services: Accounting | $32,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,681 |
| Advertising and promotion | $237,545 |
| Office expenses | $256,124 |
| Information technology | $27,849 |
| Royalties | $0 |
| Occupancy | $184,946 |
| Travel | $101,535 |
| 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 | $20,908 |
| Insurance | $73,601 |
| All other expenses | $14,554 |
| Total functional expenses | $12,303,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,801 |
| Savings and temporary cash investments | $12,252,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $381,915 |
| 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 | $42,706 |
| Net Land, buildings, and equipment | $156,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,138,921 |
| Accounts payable and accrued expenses | $334,185 |
| Grants payable | $4,741,682 |
| Deferred revenue | $3,800 |
| 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 | $5,079,667 |
| Net assets without donor restrictions | $8,059,254 |
| 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 | $13,138,921 |
Grants Awarded
Over the last fiscal year, Tampa Bay Bowl Association Inc has awarded $6,345,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BIG TEN CONFERENCE PURPOSE: ALLOCATION OF GAME PROCEEDS | $3,200,000 |
BOYS & GIRLS CLUBS OF TAMPA BAY PURPOSE: GENERAL SUPPORT | $27,500 |
MOFFITT CANCER CENTER FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
CHILDREN'S CANCER CENTER PURPOSE: GENERAL SUPPORT | $15,000 |
WESLEY CHAPEL YOUTH HOCKEY FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
FRANCISCAN CENTER TAMPA FLORIDA INC PURPOSE: GENERAL SUPPORT | $15,000 |