Mobile Alabama Bowl Inc
- Assets
- $963.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Mobile, AL
- Founding
- 05/2001
- Data as of
- 04/2024
- EIN
- 63-1222642
Organization Overview
Mobile Alabama Bowl Inc is located in Mobile, AL. The organization was established in 2001. 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 04/2024, Mobile Alabama Bowl Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mobile Alabama Bowl Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2024, Mobile Alabama Bowl Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.7m during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MOBILE ALABAMA BOWL GAME
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ENCOURAGE SPORTS ACTIVITIES IN AND AROUND THE CITY OF MOBILE, ALABAMA. THE ORGANIZATION PROMOTES A POST-SEASON NATIONAL COLLEGIATE ATHLETIC ASSOCIATION FOOTBALL BOWL GAME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Silverstein President | OfficerTrustee | 1 | $0 |
Kip Sharpe Vice Pres | OfficerTrustee | 1 | $0 |
N F Kearns Director | OfficerTrustee | 40 | $44,000 |
Frank Modarelli Senior Director Of Operati | Officer | 40 | $40,000 |
Sherrie Dyal Executive Director | Officer | 40 | $85,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,565,793 |
| Investment income | $38,609 |
| 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 | $1,604,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,100 |
| 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. | $169,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,372 |
| Payroll taxes | $37,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,274 |
| Advertising and promotion | $196,628 |
| Office expenses | $38,614 |
| Information technology | $2,091 |
| Royalties | $10,000 |
| Occupancy | $20,788 |
| Travel | $27,764 |
| 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 | $1,365 |
| Insurance | $30,380 |
| All other expenses | $1,162 |
| Total functional expenses | $1,687,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,159 |
| Savings and temporary cash investments | $279,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $26,019 |
| Net Land, buildings, and equipment | $4,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,687 |
| Total assets | $963,052 |
| Accounts payable and accrued expenses | $3,888 |
| 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 | $98,350 |
| Total liabilities | $102,238 |
| Net assets without donor restrictions | $860,814 |
| 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 | $963,052 |