Alabama Sports Council Inc
- Assets
- $1.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-2612717
Organization Overview
Alabama Sports Council Inc is located in Birmingham, AL. The organization was established in 2017. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Sports Council Inc 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 12/2022, Alabama Sports Council Inc generated $5.1m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND RECRUIT INTERNATIONAL AND AMATEUR SPORTS COMPETITIONS IN THE STATE OF ALABAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAGIC CITY CLASSIC IS AN ANNUAL FOOTBALL GAME BETWEEN ALABAMA STATE UNIVERSITY AND ALABAMA A&M UNIVERSITY PLAYED AT LEGION FIELD IN BIRMINGHAM, AL. THE REVENUE IS COMPRISED OF SPONSORSHIPS, GRANTS AND TICKET SALES. THE EXPENSES ARE COMPRISED MAINLY OF THE DISTRIBUTION TO THE SCHOOLS OF $1,648,398, AS WELL AS STAFF, OPERATIONAL, MARKETING, AND AMBASSADOR ENTERTAINMENT FEES.
THE SEC BASEBALL TOURNAMENT IS A PARTIALLY DOUBLE-ELIMINATION TOURNAMENT BASED ON CONFERENCE RECORD HELD EACH YEAR AT THE HOOVER METROPOLITAN STADIUM IN HOOVER, AL. TWELVE OF THE FOURTEEN SEC TEAMS QUALIFY FOR THIS ANNUAL TOURNAMENT. THE REVENUE CONSISTS MAINLY OF TICKET SALES, ALONG WITH GRANTS. THE EXPENSES ARE COMPRISED MAINLY OF THE GUARANTEED PAYMENT MADE TO THE SEC OF $725,000, AS WELL AS STAFF, OPERATIONAL AND MARKETING COSTS.
THE BIRMINGHAM HAMMERFEST IS A CYCLING RACE FOR CYCLING TEAMS FROM ALL OVER THE US THAT RACE THROUGH THE STREETS OF PEPPER PLACE IN DOWNTOWN BIRMINGHAM, AL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Thorton Chairman | OfficerTrustee | 40 | $0 |
Nichelle Williams Director | OfficerTrustee | 40 | $0 |
Nick Sellers Board Chair | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $572,260 |
| 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 | $572,260 |
| Total Program Service Revenue | $4,554,746 |
| 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 | $5,127,006 |
| 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 | $2,529 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $824,682 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $78,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $92,168 |
| Office expenses | $8,342 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65,823 |
| 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 | $0 |
| Insurance | $37,616 |
| All other expenses | $1,006,193 |
| Total functional expenses | $4,936,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $119,790 |
| 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 | $8,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,056,886 |
| Accounts payable and accrued expenses | $814,698 |
| Grants payable | $0 |
| Deferred revenue | $190,565 |
| 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 | $1,005,263 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $51,623 |
| Total liabilities and net assets/fund balances | $1,056,886 |