Music City Bowl Inc is located in Nashville, TN. The organization was established in 1999. 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. Music City Bowl 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 03/2021, Music City Bowl Inc generated $112.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (54.5%) each year. All expenses for the organization totaled $1.3m during the year ending 03/2021. 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 PRODUCE A POST-SEASON COLLEGIATE FOOTBALL GAME TO STIMULATE A POSITIVE IMPACT ON THE NASHVILLE ECONOMY, NATIONAL IMAGE, AND COMMUNITY PRIDE WHILE SHOWCASING THE CITY AS A PREMIER DESTINATION WITH AUDIENCES THROUGHOUT THE COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED A POST-SEASON FOOTBALL GAME BETWEEN THE UNIVERSITY OF TENNESEE AND PURDUE UNIVERSITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Ramsey Ceo/president | Officer | 26 | $288,353 |
Jason Grider Coo/sr. VP Events & Operat | 26 | $83,810 | |
Scott Mcgilberry Sr. VP Finance / Treasurer | Officer | 20 | $65,060 |
Pete Weien Chair | OfficerTrustee | 0.5 | $0 |
Vic Campbell Board Member | Trustee | 0.5 | $0 |
John Adams Board Member | Trustee | 0.5 | $0 |
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 | $109,520 |
Investment income | $2,595 |
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 | $112,115 |
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. | $452,837 |
Compensation of current officers, directors, key employees. | $99,280 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $79,760 |
Pension plan accruals and contributions | $14,426 |
Other employee benefits | $66,687 |
Payroll taxes | $35,667 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,691 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $29,065 |
Advertising and promotion | $76,812 |
Office expenses | $18,025 |
Information technology | $8,277 |
Royalties | $0 |
Occupancy | $85,830 |
Travel | $338 |
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 | $10,607 |
Insurance | $41,052 |
All other expenses | $37,353 |
Total functional expenses | $1,287,944 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $2,489,575 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,893 |
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 | $205,972 |
Net Land, buildings, and equipment | $60,566 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,763,006 |
Accounts payable and accrued expenses | $21,781 |
Grants payable | $0 |
Deferred revenue | $1,337,000 |
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 | $17,496 |
Total liabilities | $1,376,277 |
Net assets without donor restrictions | $1,320,367 |
Net assets with donor restrictions | $66,362 |
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 | $2,763,006 |
Over the last fiscal year, Music City Bowl Inc has awarded $95,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Pigeon Forge, TN PURPOSE: TO SUPPORT EAST TENNESSEE WILDFIRE RELIEF | $50,000 |
Nashville, TN PURPOSE: TO SUPPORT THE HOPE CHARITABLE GOLF TOURNAMENT | $45,000 |
Over the last fiscal year, we have identified 2 grants that Music City Bowl Inc has recieved totaling $92,000.
Awarding Organization | Amount |
---|---|
Delta Dental Of Tennessee Nashville, TN PURPOSE: EVENT SPONSORSHIP | $80,000 |
Smile 180 Foundation Nashville, TN PURPOSE: SUPPLIES TO ASSIST WITH ORAL HEALTH | $12,000 |
Beg. Balance | $66,362 |
Earnings | $52 |
Grants | $52 |
Ending Balance | $66,362 |
Organization Name | Assets | Revenue |
---|---|---|
Twg 2021 Birmingham Foundation Birmingham, AL | $1,575,838 | $9,654,976 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Alabama Sports Council Inc Birmingham, AL | $494,111 | $5,878,430 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Adult Ice Hockey Federation Ltd Sterling, VA | $497,146 | $3,812,767 |
Richmond Volleyball Club Henrico, VA | $4,492,529 | $3,770,472 |
National Junior College Athletic Association Charlotte, NC | $4,854,958 | $4,218,539 |
Mid-America Intercollegiate Athletics Association Kansas City, MO | $897,244 | $2,652,440 |
The United States Pony Clubs Inc Lexington, KY | $8,497,562 | $2,773,212 |
Louisville Urban League Sports And Learning Complex Inc Louisville, KY | $77,056,765 | $1,676,545 |
Tidewater Volleyball Association Virginia Beach, VA | $336,915 | $1,476,950 |