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Nonprofiteer
← THE GOOD SPORT

Form 990 for tax year 2024

Filed by THE GOOD SPORT.

Totals

Total revenue
$649,200
Total expenses
$556,443
Contributions and grants received
$649,200
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$148,701
Total liabilities, end of year
$119,516
Net assets or fund balances, end of year
$29,185
Program services expenses (Part IX)
$500,200
Management and general expenses
$56,243
Fundraising expenses
$0
Program service expenses (Part III)
$500,200

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $587,500

  • 1f · All other contributions, gifts and grants

    $61,700

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 11g · Fees: other

    total $500,000 · program services $500,000

  • 13 · Office expenses

    total $41 · management and general $41

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $54,402 · management and general $54,402

  • 24b · Other expenses: TAXES & LICENSES

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,456 · end of year $110,453

  • 4 · Accounts receivable

    beginning of year $11,511 · end of year $36,700

  • 15 · Other assets

    beginning of year $1,548 · end of year $1,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,925 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $79,816

  • 23 · Secured mortgages and notes payable

    beginning of year $39,700 · end of year $39,700

  • 27 · Net assets without donor restrictions

    beginning of year $65,890 · end of year $29,185

Mission and programs · 2024

Mission

THE GOOD SPORT EXISTS TO PURSUE, DEVELOP, AND ENHANCE CURRENT PUBLIC SPORTING EVENTS ACROSS ALABAMA. THE GOOD SPORT LEVERAGES HIGH QUALITY, PREMIUM SPORTING EVENTS TO CREATE PROFOUND ECONOMIC IMPACT, TO PROMOTE AND DRIVE AWARENESS TO LOCAL AND NATIONAL NONPROFIT ORGANIZATIONS AND PROVIDE ATHLETES A PLATFORM TO COMPETE.

Activities or mission (Part I)

THE GOOD SPORT EXISTS TO PURSUE, DEVELOP, AND ENHANCE CURRENT PUBLIC SPORTING EVENTS ACROSS ALABAMA.

  • C.M. NEWTON CLASSIC EVENT IS A HIGH-PROFILE SPORTING EVENT HELD IN ALABAMA AT LEGACY ARENA WHICH THE GOOD SPORT IS RESPONSIBLE FOR DEVELOPING AND MANAGING. IT CREATES ECONOMIC IMPACT BY DRIVING CROWDS FROM RURAL, URBAN, AND METROPOLITAN ALABAMA TO BIRMINGHAM. IT IS USED TO PROMOTE AND PROVIDE FINANCIAL SUPPORT TO SEVERAL LOCAL CHARITABLE ORGANIZATIONS.

    Expenses $364,103

  • CONFERENCE USA HOSTS BOTH MEN'S AND WOMEN'S BASKETBALL CHAMPIONSHIPS IN HUNTSVILLE, ALABAMA. THIS IS A MAJOR COLLEGE SPORTING EVENT MADE POSSIBLE BY THE GOOD SPORT'S EVENT MANAGEMENT DIRECTLY DRIVING ECONOMIC IMPACT TO AND AWARENESS OF HUNTSVILLE TO FANS ALL OVER THE SOUTHEAST.

    Expenses $70,629

  • NCAA MARCH MADNESS IS A HUGE ECONOMIC DRIVER SENDING BOTH ATHLETES AND FANS FROM ALL OVER THE SOUTHEAST TO BIRMINGHAM, ALABAMA TO A SIGNIFICANT COMPETITION PLATFORM. THIS EVENT WOULD NOT BE POSSIBLE IN BIRMINGHAM WITHOUT THE SUPPORT OF FUNDING AND MANAGEMENT FROM THE GOOD SPORT.

    Expenses $65,468

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Michael Eady

    SECRETARY

    Total calculated
    $175,000
    From this org
    $0
    From related orgs
    $175,000
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $175,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $175,000 related

  • Andrew Jackson Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Chris Nix

    PRESIDENT

    Total calculated
    $85,500
    From this org
    $0
    From related orgs
    $85,500
    Other
    $0
    Hours/week
    40

  • David J Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF KNIGHT EADY SPORTS GROUP, LLC, A RELATED ORGANIZATION, REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SECRETARY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • KNIGHT EADY SPORTS GROUP LLC

    S · SPORT EVENT MANAGEMENT · AL

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202631059349302138

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