Mobile Arts & Sports Association Inc
- Assets
- $5.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Mobile, AL
- Founding
- 05/1957
- Data as of
- 03/2022
- EIN
- 63-6003959
Organization Overview
Mobile Arts & Sports Association Inc is located in Mobile, AL. The organization was established in 1957. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Mobile Arts & Sports Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mobile Arts & Sports Association 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 03/2022, Mobile Arts & Sports Association Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $4.5m during the year ending 03/2022. While expenses have increased by 5.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE DEVELOPMENT AND ADVANCEMENT OF THE CITY AND COUNTY OF MOBILE AND OTHER AREAS WITHIN THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR BOWL GAME PROMOTES THE DEVELOPMENT & ADVANCEMENT OF THE CITY OF MOBILE AND RAISES MONEY FOR VARIOUS CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Nagy Executive Director | Officer | 40 | $270,833 |
Curran Foose Vice President/trustee | OfficerTrustee | 0.5 | $0 |
Sherri Bumpers Secretary/trustee | OfficerTrustee | 0.3 | $0 |
Angus R Cooper III President/trustee | OfficerTrustee | 1.5 | $0 |
Erling Riis III Vice Chairman | Officer | 0.5 | $0 |
Charles Jones Treasurer | Officer | 1 | $0 |
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 | $5,120,852 |
| Investment income | $40,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,092 |
| Net Income from Fundraising Events | -$10,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,275,839 |
| 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. | $283,333 |
| Compensation of current officers, directors, key employees. | $283,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,125 |
| Fees for services: Accounting | $45,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,134 |
| Fees for services: Other | $0 |
| Advertising and promotion | $222,600 |
| Office expenses | $34,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,992 |
| Travel | $149,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,908 |
| Insurance | $218,220 |
| All other expenses | $1,110,700 |
| Total functional expenses | $4,498,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,471 |
| Savings and temporary cash investments | $1,952,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $769,812 |
| 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 | $23,456 |
| Net Land, buildings, and equipment | $1,923,549 |
| Investments—publicly traded securities | $938,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $5,662,661 |
| Accounts payable and accrued expenses | $236,799 |
| Grants payable | $0 |
| Deferred revenue | $67,500 |
| 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 | $492,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $796,717 |
| Net assets without donor restrictions | $4,865,944 |
| 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 | $5,662,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mobile Arts & Sports Association Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Joy M And James Grodnick Charitable Foundation Mobile, AL PURPOSE: EDUCATIONAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Royal Palm Yacht & Country Club Boca Raton, FL | $46,256,364 | $15,345,430 |
Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
Amateur Athletic Union Of The United States Inc Lake Buena Vista, FL | $14,686,196 | $10,174,860 |
Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |