Mobile Alabama Bowl Inc
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Mobile, AL
- Founding
- 05/2001
- Data as of
- 04/2021
- 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 04/2021, Mobile Alabama Bowl Inc employed 7 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 04/2021, Mobile Alabama Bowl Inc generated $2.0m 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 (6.5%) each year. All expenses for the organization totaled $1.4m during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Sherrie Dyal Executive Director | Officer | 1 | $67,000 |
Frank Modarelli Senior Director Of Operati | Officer | 40 | $40,000 |
N F Kearns Director | OfficerTrustee | 40 | $24,000 |
Jerry Silverstein President | OfficerTrustee | 1 | $0 |
Kip Sharpe Vice Pres | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,855 |
| 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 | $1,992,885 |
| Statement of Expenses | |
|---|---|
| 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. | $116,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,420 |
| Payroll taxes | $27,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,906 |
| Advertising and promotion | $232,064 |
| Office expenses | $28,782 |
| Information technology | $4,091 |
| Royalties | $10,000 |
| Occupancy | $18,542 |
| Travel | $3,267 |
| 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 | $2,362 |
| Insurance | $26,342 |
| All other expenses | $0 |
| Total functional expenses | $1,359,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,015 |
| Savings and temporary cash investments | $499,708 |
| 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 | $23,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,083 |
| Total assets | $1,066,135 |
| Accounts payable and accrued expenses | $5,642 |
| Grants payable | $0 |
| Deferred revenue | $250,000 |
| 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 | $0 |
| Total liabilities | $255,642 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $810,493 |
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 |
Music City Bowl Inc Nashville, TN | $2,763,006 | $112,115 |
State Wide Amateur Hockey Of Florida Inc Parkland, FL | $0 | $1,249,347 |