Mobile Arts & Sports Association Inc
- Assets
- $6.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Mobile, AL
- Founding
- 05/1957
- Data as of
- 03/2023
- 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 03/2023, Mobile Arts & Sports Association Inc employed 15 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 03/2023, Mobile Arts & Sports Association Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.7m during the year ending 03/2023. While expenses have increased by 5.6% 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
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 |
|---|---|---|---|
Angus R Cooper II Chairman/trustee | OfficerTrustee | 1.5 | $0 |
Curran Foose Vice President/trustee | OfficerTrustee | 0.5 | $0 |
Ty Thompson Trustee | Trustee | 0.3 | $0 |
Walter Bell Trustee Emeritus | Trustee | 0.3 | $0 |
Greg Leatherbury Trustee Emeritus | Trustee | 0.3 | $0 |
T K Jackson III Trustee Emeritus | Trustee | 0.3 | $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 | $5,089,707 |
| Investment income | $18,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,571 |
| Net Income from Fundraising Events | -$11,491 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,082,612 |
| 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. | $335,417 |
| Compensation of current officers, directors, key employees. | $335,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $459,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $54,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $254,767 |
| Office expenses | $45,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,554 |
| Travel | $167,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,397 |
| Insurance | $257,740 |
| All other expenses | $1,001,367 |
| Total functional expenses | $4,684,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,959 |
| Savings and temporary cash investments | $3,191,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $323,677 |
| 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 | $41,929 |
| Net Land, buildings, and equipment | $1,884,108 |
| Investments—publicly traded securities | $912,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $6,405,569 |
| Accounts payable and accrued expenses | $662,825 |
| 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 | $475,017 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,000 |
| Total liabilities | $1,202,842 |
| Net assets without donor restrictions | $5,202,727 |
| 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 | $6,405,569 |