Independence Bowl Foundation
- Assets
- $2.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Shreveport, LA
- Founding
- 08/1996
- Data as of
- 02/2024
- 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 02/2024, Independence Bowl Foundation employed 8 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 02/2024, Independence Bowl Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.3m during the year ending 02/2024. 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
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 AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Rebouche Board Chairman | OfficerTrustee | 1 | $0 |
Sarah Giglio Vice Chairman | OfficerTrustee | 1 | $0 |
Keith Burton 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Greg Lott 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Bert Schmale Treasurer | OfficerTrustee | 1 | $0 |
Victor Mainiero Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,258 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $600,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $936,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,582,618 |
| Total Program Service Revenue | $1,230,543 |
| 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 | $3,722,285 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $569,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $111,182 |
| Travel | $29,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,406 |
| Insurance | $0 |
| All other expenses | $403,872 |
| Total functional expenses | $3,331,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,854,995 |
| Savings and temporary cash investments | $47,205 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $655,492 |
| 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 | $83,678 |
| Net Land, buildings, and equipment | $168,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,015 |
| Total assets | $2,816,790 |
| Accounts payable and accrued expenses | $1,183,733 |
| 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 | $160,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,344,238 |
| Net assets without donor restrictions | $1,472,552 |
| 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 | $2,816,790 |