Pasadena Tournament Of Roses Assn
- Assets
- $56.4m
- Revenue
- $107.5m
- Investments
- $2.1m
- Employees
- 37
- Location
- Pasadena, CA
- Founding
- 03/1943
- Data as of
- 04/2021
- EIN
- 95-1725190
Organization Overview
Pasadena Tournament Of Roses Assn is located in Pasadena, CA. The organization was established in 1943. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 04/2021, Pasadena Tournament Of Roses Assn employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena Tournament Of Roses Assn 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 04/2021, Pasadena Tournament Of Roses Assn generated $107.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $105.4m during the year ending 04/2021. While expenses have increased by 2.0% 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.
Since 2015, Pasadena Tournament Of Roses Assn has awarded 43 individual grants totaling $563,904,343. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING PEOPLE TOGETHER TO CREATE PREMIERE EVENTS AND ENTERTAINMENT CELEBRATING THE NEW YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROSE BOWL GAME - THE ASSOCIATION, WITH ITS VOLUNTEER MEMBERSHIP, ORGANIZES AND CONDUCTS THE ANNUAL COLLEGIATE POSTSEASON FOOTBALL ROSE BOWL GAME ON NEW YEAR'S DAY. ON JANUARY 1, 2021, THE ASSOCIATION HOSTED THE COLLEGE FOOTBALL PLAYOFF SEMIFINAL AT THE ROSE BOWL GAME ("CFP GAME"). THE CFP GAME SHOWCASED TWO OF THE COUNTRY'S TOP FOUR COLLEGIATE TEAMS IN A POST-SEASON MATCH UP, INCLUDING THE #1 AND #4 TEAMS, IN FRONT OF APPROXIMATELY 93,000 LIVE VIEWERS. THE CFP GAME WAS ALSO TELEVISED LIVE ON ESPN TO OVER 30 MILLION VIEWERS. DUE TO THE PANDEMIC, THE GAME WAS RELOCATED BY THE CFP TO AT&T STADIUM IN ARLINGTON, TEXAS.
ROSE PARADE - THE ASSOCIATION WITH ITS VOLUNTEER MEMBERSHIP, ORGANIZES AND CONDUCTS THE ANNUAL ROSE PARADE ON NEW YEAR'S DAY. SINCE 1889, THE ASSOCIATION HAS STAGED THIS PREMIERE EVENT THAT SHOWCASES MARCHING BANDS AND EQUESTRIAN UNITS FROM AROUND THE WORLD IN ADDITION TO THE TRADITION AND PAGEANTRY OF ITS MAGNIFICENT FLORAL FLOATS. DUE TO THE 2020 GLOBAL PANDEMIC, THE 132ND ROSE PARADE WAS CANCELLED. THE TOURNAMENT OF ROSES DID HOWEVER PRODUCE A TELEVISION SPECIAL PROMOTING THE ANNUAL ROSE PARADE'S NEW YEAR CELEBRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Eads Executive Director/ceo | Officer | 40 | $333,295 |
Kevin R Ash Cao - Rose Bowl Game | Officer | 40 | $208,327 |
Jeffrey J Allen Chief Financial Officer | Officer | 40 | $194,955 |
John Henderson Senior Dir. - Oper. Rose B | 40 | $138,421 | |
Eric Soloman Senior Dir. - Strategic Ptnrshp | 40 | $136,986 | |
Bryan Stewart Lead Executive Parade Developer Officer | 40 | $129,965 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rose Bowl Operating Co Stadium Services | 4/29/21 | $1,424,025 |
Allied Universal Event Services Crowd Management, Security, And Box Offi | 4/29/21 | $670,127 |
City Of Pasadena Mla, City Expenses/services | 4/29/21 | $762,583 |
Holmes Communications Group Event Production Services | 4/29/21 | $660,834 |
The John Blanchard Company Parking Management And Transportation Se | 4/29/21 | $461,984 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,000 |
| Investment income | $487,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,217 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $667,228 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,454,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $782,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,304,388 |
| Pension plan accruals and contributions | $170,475 |
| Other employee benefits | $298,500 |
| Payroll taxes | $209,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $487,800 |
| Fees for services: Accounting | $36,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,618 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $99,382 |
| Office expenses | $299,855 |
| Information technology | $116,853 |
| Royalties | $0 |
| Occupancy | $588,784 |
| Travel | $109,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370 |
| Interest | $203,988 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $663,727 |
| Insurance | $422,441 |
| All other expenses | $0 |
| Total functional expenses | $105,429,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,909 |
| Savings and temporary cash investments | $6,432,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $587,788 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $70,000 |
| Inventories for sale or use | $153,061 |
| Prepaid expenses and deferred charges | $559,374 |
| Investments—publicly traded securities | $23,859,671 |
| Investments—other securities | $2,111,949 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,822 |
| Total assets | $56,404,903 |
| Accounts payable and accrued expenses | $1,593,594 |
| Grants payable | $237,403 |
| Deferred revenue | $424,400 |
| 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 | $5,362,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,058,359 |
| Total liabilities | $8,676,083 |
| 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 |
| Total liabilities and net assets/fund balances | $47,728,820 |
Grants Awarded
Over the last fiscal year, Pasadena Tournament Of Roses Assn has awarded $91,089,867 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE FOOTBALL PLAYOFF ESCROW PURPOSE: GENERAL SUPPORT | $90,822,018 |
Pasadena, CA PURPOSE: GENERAL SUPPORT | $125,000 |
CITY OF PASADENA PURPOSE: GENERAL SUPPORT | $100,000 |
Pasadena, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Pasadena, CA PURPOSE: GENERAL SUPPORT | $10,349 |
FEEDING AMERICA PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pasadena Tournament Of Roses Assn has recieved totaling $13,670.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: DO STUDY ZONE | $7,500 |
The Scan Foundation Long Beach, CA PURPOSE: REGISTRATION FOR THE POST ROSE PARADE FAIR - WHICH WAS RESCHEDULED FOR 2022 | $6,170 |
Endowment Analysis
| Beg. Balance | $5,043,457 |
| Earnings | $1,912,308 |
| Admin Expense | $29,291 |
| Ending Balance | $6,926,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasadena Tournament Of Roses Assn Pasadena, CA | $56,404,903 | $107,454,325 |
Los Angeles County Fair Assn Fairgrounds Pomona, CA | $119,881,793 | $57,689,315 |
Alameda County Agricultural Fair Association Pleasanton, CA | $25,128,920 | $22,272,124 |
San Mateo County Expostion And Fair Association San Mateo, CA | $12,291,623 | $16,007,611 |
San Diego Comic Convention San Diego, CA | $43,401,363 | $7,260,590 |
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |