Tangerine Sports Association Inc
- Assets
- $4.1m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/2003
- Data as of
- 03/2023
- EIN
- 59-3743993
Organization Overview
Tangerine Sports Association Inc is located in Orlando, FL. The organization was established in 2003. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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. Tangerine Sports 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 03/2023, Tangerine Sports Association Inc generated $12.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $10.8m during the year ending 03/2023. While expenses have increased by 2.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TANGERINE SPORTS ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO INCREASING COMMUNITY SPIRIT AND PRIDE, PROMOTING TOURISM, STIMULATING ECONOMIC DEVELOPMENT AND ULTIMATELY BENEFITING CHARITIES, EDUCATIONAL INSTITUTIONS AND THE QUALITY OF LIFE IN CENTRAL FLORIDA BY MANAGING THE CHEEZIT BOWL. SINCE ITS FIRST BOWL GAME, IT IS ESTIMATED THAT TANGERINE SPORTS ASSOCIATION HAS HELPED THOUSANDS OF AT-RISK YOUTH IN CENTRAL FLORIDA THROUGH THE FLORIDA CITRUS SPORTS FOUNDATION MVP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN COOPERATION WITH FLORIDA CITRUS SPORTS EVENTS, A RELATED TAX-EXEMPT ORGANIZATION, TANGERINE SPORTS ASSOCIATION SPONSORS THE SUPPORT FOR THE ANNUAL CHEEZ-IT BOWL COLLEGE FOOTBALL GAME. THIS EVENT PROVIDES NATIONAL EXPOSURE TO THE CENTRAL FLORIDA COMMUNITY, WHILE GENERATING OVER $33 MILLION OF ECONOMIC IMPACT FOR THE REGION. THE AMOUNT RECEIVED BY THE 2 UNIVERSITIES WAS 6.924 MILLION. .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mears III Chairman | OfficerTrustee | 0.1 | $0 |
Ed Dougherty President | OfficerTrustee | 0.1 | $0 |
Steve Castino President Elect | OfficerTrustee | 0.1 | $0 |
Tony Jenkins Secretary | OfficerTrustee | 0.1 | $0 |
Sharon Line Clary Treasurer | OfficerTrustee | 0.1 | $0 |
Brian Comes Vice President | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Florida Citrus Sports Events Inc Management Fees | 3/30/22 | $894,211 |
Impression Sports & Entertainment Outside Sponsorship Sales | 3/30/22 | $360,219 |
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 | $12,906,287 |
| Investment income | $8,046 |
| 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 | $12,914,333 |
| 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 | $1,089,117 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,048 |
| Advertising and promotion | $292,557 |
| Office expenses | $44,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $456,131 |
| Travel | $518,460 |
| 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 | $49,430 |
| All other expenses | $356,343 |
| Total functional expenses | $10,849,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,897,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,797 |
| 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 | $2,175,725 |
| Total assets | $4,134,865 |
| Accounts payable and accrued expenses | $298,160 |
| 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 | $4,432,378 |
| Total liabilities | $4,730,538 |
| Net assets without donor restrictions | -$595,673 |
| 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 | $4,134,865 |