Totals
- Total revenue
- $5,127,006
- Total expenses
- $4,936,297
- Contributions and grants received
- $572,260
- Grants paid
- $0
- Program service revenue
- $4,554,746
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,056,886
- Total liabilities, end of year
- $1,005,263
- Net assets or fund balances, end of year
- $51,623
- Program services expenses (Part IX)
- $4,884,745
- Management and general expenses
- $51,552
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,285,728
Program services were 99.0% 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)
$572,260
-
2a · Program service revenue: MAGIC CITY CLASSIC
total $3,017,560 · related or exempt $3,017,560
-
2b · Program service revenue: SEC BASEBALL TOURNAMENT
total $1,419,422 · related or exempt $1,419,422
-
2c · Program service revenue: BIRMINGHAM HAMMERFEST
total $87,738 · related or exempt $87,738
-
2d · Program service revenue: SEC WOMENS GOLF CHAMPIONSHIP
total $30,026 · related or exempt $30,026
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $2,529 · program services $2,529
-
11a · Fees: management
total $824,682 · program services $824,682
-
11c · Fees: accounting
total $11,000 · program services $11,000
-
11d · Fees: lobbying
total $78,000 · program services $78,000
-
12 · Advertising and promotion
total $92,168 · program services $92,168
-
13 · Office expenses
total $8,342 · program services $8,342
-
17 · Travel
total $65,823 · program services $65,823
-
23 · Insurance
total $37,616 · program services $37,616
-
24a · Other expenses: SEC GUARANTEE
total $725,000 · program services $725,000
-
24b · Other expenses: MCC DISTRIBUTIONS TO SCHOOLS
total $1,648,398 · program services $1,648,398
-
24c · Other expenses: MCC TENT STRUCTURES
total $241,028 · program services $241,028
-
24d · Other expenses: AMBASSADOR ENTERTAINER FEE
total $195,518 · program services $195,518
-
24e · All other expenses
total $1,006,193 · program services $954,641 · management and general $51,552
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,008,308 · end of year $928,996
-
3 · Pledges and grants receivable
end of year $119,790
-
9 · Prepaid expenses and deferred charges
end of year $8,100
-
17 · Accounts payable and accrued expenses
beginning of year $1,014,329 · end of year $814,698
-
19 · Deferred revenue
beginning of year $133,065 · end of year $190,565
-
31 · Retained earnings, endowment or other funds
beginning of year -$139,086 · end of year $51,623
Mission and programs · 2022
Mission
To promote and recruit international and amateur sports competition in the state of Alabama
Activities or mission (Part I)
To promote and recruit international and amateur sports competitions in the state of Alabama
-
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.
Expenses $2,845,461 · Revenue $3,017,560
-
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.
Expenses $1,363,356 · Revenue $1,419,422
-
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.
Expenses $76,911 · Revenue $87,738
As filed on the 2022 return.
Listed in Part VII
-
Larry ThortonLARRY THORTON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 40
-
Nichelle WilliamsNICHELLE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
Nick SellersNICK SELLERS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349327405
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