Independence Bowl Foundation
- Assets
- $2.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Shreveport, LA
- Founding
- 08/1996
- Data as of
- 02/2022
- EIN
- 72-0927228
Organization Overview
Independence Bowl Foundation is located in Shreveport, LA. The organization was established in 1996. 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 02/2022, Independence Bowl Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Bowl Foundation 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 02/2022, Independence Bowl Foundation generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.4m during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOST THE INDEPENDENCE BOWL THE ORGANIZATION SERVES AMATEUR ATHLETICS IN THE SHREVEPORT -BOSSIER CITY, LA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AMATEUR ATHLETICS IN THE SHREVEPORT-BOSSIER CITY LA AREA THROUGH SUPPORT AND PROMOTION OF SUCH EVENTS WITH MEMBERSHIP VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Missy Setters Executive Director | Officer | $106,000 | |
Rob Rubel Board Chairman | OfficerTrustee | 1 | $0 |
Bryan Roppolo Vice Chairman | OfficerTrustee | 1 | $0 |
Claire Rebouche 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Sarah Giglio 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Cindy Smith Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $900,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,344,300 |
| Total Program Service Revenue | $1,148,755 |
| Investment income | $0 |
| 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 | $3,284,929 |
| 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. | $106,000 |
| Compensation of current officers, directors, key employees. | $21,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,455 |
| Pension plan accruals and contributions | $8,875 |
| Other employee benefits | $75,912 |
| Payroll taxes | $24,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,837 |
| Travel | $13,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,406 |
| Insurance | $0 |
| All other expenses | $285,711 |
| Total functional expenses | $2,360,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,202,920 |
| Savings and temporary cash investments | $46,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,939 |
| 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 | $122,270 |
| Net Land, buildings, and equipment | $505,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,015 |
| Total assets | $2,216,372 |
| Accounts payable and accrued expenses | $727,075 |
| 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 | $1,061,650 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,788,725 |
| Net assets without donor restrictions | $427,647 |
| 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 | $2,216,372 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independence Bowl Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Greater Bossier Economic Development Foundation Bossier City, LA PURPOSE: GENERAL SUPPORT FOR THE ORGANIZATION. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
San Antonio Bowl Association Inc San Antonio, TX | $23,366,634 | $15,285,082 |
Bowling Proprietors Association Of America Inc Arlington, TX | $23,082,341 | $10,209,119 |
Preston Trail Golf Club Dallas, TX | $17,630,867 | $8,836,568 |
Country Club Of Louisiana 401k Baton Rouge, LA | $19,927,574 | $11,552,011 |