Tampa Bay Bowl Association Inc
- Assets
- $13.9m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Tampa, FL
- Founding
- 02/1987
- Data as of
- 01/2022
- EIN
- 59-2643123
Organization Overview
Tampa Bay Bowl Association Inc, operating under the name Outback Bowl, is located in Tampa, FL. The organization was established in 1987. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 01/2022, Outback Bowl employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outback Bowl 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 01/2022, Outback Bowl generated $11.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $12.0m during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Outback Bowl has awarded 125 individual grants totaling $47,528,580. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POSTSEASON COLLEGE BOWL FOOTBALL GAME. PROCEEDS OF THE GAME BENEFIT THE PLAYING TEAMS' COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OUTBACK BOWL IS A NEW YEAR'S DAY COLLEGE FOOTBALL GAME THAT PAYS SIGNIFICANT FEES TO NCAA PARTICIPATING SCHOOLS FOR THEIR APPEARANCE IN OUR NEW YEAR'S DAY GAME. THIS YEAR THE OUTBACK BOWL PAID A COMBINED $6,025,000 TO THE SEC AND BIG TEN CONFERENCES. THE OUTBACK BOWL HAS PAID APPROXIMATELY $164,000,000 OVER ITS BRIEF HISTORY TO NCAA MEMBER INSTITUTIONS. THE OUTBACK BOWL ASSUMES THE TREMENDOUS FINANCIAL RISK AND LIABILITY WITH ITS FINANCIAL GUARANTEES TO THE SCHOOLS. THE OUTBACK BOWL NOT ONLY GUARANTEES ENORMOUS AMOUNTS BUT ALSO PROVIDES HOSPITALITY, ENTERTAINMENT, AND GIFTS TO THE NCAA SCHOOLS AS APART OF ITS COMMITMENT. SINCE THE BOWLS INCEPTION IT HAS CREATED AN ECONOMIC IMPACT THE TAMPA BAY ARE IN EXCESS OF $1.1 BILLION FOR THE COMMUNITY.
THE OUTBACK BOWL HAS CONTRIBUTED OVER $3,000,000 OVER THE YEARS TO LOCAL CHARITIES. THIS YEAR THE BOWL HAS CONTRIBUTED $508,000 TO 80 CHARITIES IN THE TAMPA BAY AREA. GOING FORWARD, THE OUTBACK BOWL HAS PLEDGED AN ADDITIONAL $1.5 MILLION OVER THE NEXT THREE YEARS TO CHARITIES FROM OUR CHARITABLE GIVING INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcvay President/ceo | Officer | 40 | $852,932 |
Michael Schulze Director Of Sponsorships | 40 | $247,705 | |
Rebecca Weightman Event Coordinator | 40 | $190,661 | |
Linda Karpovich Ticket/business Manager | 40 | $188,740 | |
Blake G Guthrie Director Of Community Partnerships | 40 | $152,417 | |
Rita Lowman Chair | OfficerTrustee | 0.5 | $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 | $11,823,567 |
| Investment income | $49,997 |
| 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 | $11,925,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,533,300 |
| 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. | $908,510 |
| Compensation of current officers, directors, key employees. | $293,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $920,521 |
| Pension plan accruals and contributions | $58,637 |
| Other employee benefits | $118,709 |
| Payroll taxes | $74,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,941 |
| Fees for services: Accounting | $27,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,741 |
| Advertising and promotion | $221,809 |
| Office expenses | $209,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $177,107 |
| Travel | $68,201 |
| 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 | $24,376 |
| Insurance | $70,035 |
| All other expenses | $424,319 |
| Total functional expenses | $11,964,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,474 |
| Savings and temporary cash investments | $12,073,801 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,445,641 |
| 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 | $54,071 |
| Net Land, buildings, and equipment | $54,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,905,432 |
| Accounts payable and accrued expenses | $671,193 |
| Grants payable | $4,570,006 |
| Deferred revenue | $11,400 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,252,599 |
| Net assets without donor restrictions | $8,652,833 |
| 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 | $13,905,432 |
Grants Awarded
Over the last fiscal year, Tampa Bay Bowl Association Inc has awarded $6,283,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Rosemont, IL PURPOSE: TEAM PAYOUT | $3,175,000 |
Birmingham, AL PURPOSE: TEAM PAYOUT | $2,850,000 |
Washington, DC PURPOSE: SOUTHERN & MIDWEST TORNADOES | $30,000 |
Tampa, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
Wesley Chapel, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
Tampa, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tampa Bay Bowl Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Tampa Bay Sports Commission Inc Tampa, FL PURPOSE: CONTRIBUTION TO SUPPORT MISSION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Amusement Parks Orlando, FL | $42,560,766 | $31,141,351 |
Tampa Bay Bowl Association Inc Tampa, FL | $13,905,432 | $11,925,062 |
Professional Disc Golf Association Appling, GA | $8,115,447 | $8,426,910 |
National Association Of Professional Baseball Leagues Inc St Petersburg, FL | $1,938,083 | $2,158,293 |
United States Professional Tennis Assoc Orlando, FL | $11,676,334 | $4,894,797 |
National Golf Foundation Inc Jupiter, FL | $5,958,712 | $3,384,108 |
North Florida Section Professional Golfers Association Winter Garden, FL | $598,411 | $2,138,635 |
National Association Of Underwater Instructors Riverview, FL | $4,057,123 | $1,161,378 |
Water Sports Industry Association Inc Orlando, FL | $407,016 | $1,125,540 |
Central Florida Ice Hockey Officials Association Inc Lithia, FL | $20,420 | $856,767 |
Gladiators Athletic Association Inc Johns Creek, GA | $456,616 | $693,124 |
Orange County Sportsmens Association Orlando, FL | $3,128,217 | $799,553 |