New Orleans Bowl Inc
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 09/2001
- Data as of
- 06/2022
- EIN
- 72-1510989
Organization Overview
New Orleans Bowl Inc is located in Metairie, LA. The organization was established in 2001. 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. New Orleans Bowl 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 06/2022, New Orleans Bowl Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) 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
TO FOSTER NATIONAL SPORTS COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED A COLLEGE FOOTBALL BOWL GAME BETWEEN TWO MEMBERS OF THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION HELD IN NEW ORLEANS, LOUISIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ferrante Executive Di | Trustee | 20 | $0 |
Paul Valteau Jr Member | Trustee | 2 | $0 |
David Payton Member | Trustee | 2 | $0 |
Kevin Bennett Member | Trustee | 2 | $0 |
Jay Cicero Member | Trustee | 2 | $0 |
David Sherman Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $567,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,000 |
| Total Program Service Revenue | $1,460,603 |
| Investment income | $824 |
| 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 | $2,129,324 |
| 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 | $0 |
| 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 | $63,090 |
| Office expenses | $530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,312 |
| 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 | $42,777 |
| All other expenses | $416,211 |
| Total functional expenses | $2,005,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,022,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $46,294 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,102,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,170,693 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,849 |
| Total liabilities | $62,849 |
| Net assets without donor restrictions | $2,107,844 |
| 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 | $2,170,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Bowling Congress Inc Arlington, TX | $43,212,080 | $16,821,741 |
Spirit Golf Association The Woodlands, TX | $13,402,948 | $7,337,039 |
Houston Marathon Committee Houston, TX | $3,423,788 | $6,041,457 |
North American Prospect Hockey League Dallas, TX | $969,762 | $3,250,253 |
Ibc Youth Bowling Inc Arlington, TX | $4,392,185 | $2,638,582 |
Dallas White Rock Marathon Dallas, TX | $935,538 | $2,152,497 |
Cowtown Marathon Inc Fort Worth, TX | $1,036,518 | $2,018,808 |
New Orleans Bowl Inc Metairie, LA | $2,170,693 | $2,129,324 |
Town And Country Optimist Foundation Austin, TX | $1,110,634 | $1,534,736 |
United States Bowling Congress Inc Bryan, TX | $908,410 | $1,160,070 |
Alliance Youth Hockey Association Dallas, TX | $201,514 | $1,030,393 |
Sports Authority Foundation Houston, TX | $1,360,211 | $1,099,136 |