Form 990 for tax year 2024
Filed by FLORIDA CLASSIC CONSORTIUM CORPORATION.
Totals
- Total revenue
- $5,139,898
- Total expenses
- $5,139,898
- Contributions and grants received
- $0
- Grants paid
- $2,811,062
- Program service revenue
- $5,139,804
- Investment income
- $94
- Other revenue
- $0
- Total assets, end of year
- $1,701,831
- Total liabilities, end of year
- $1,588,592
- Net assets or fund balances, end of year
- $113,239
- Program services expenses (Part IX)
- $4,690,973
- Management and general expenses
- $448,925
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,690,973
Program services were 91.3% 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.
-
2a · Program service revenue: TICKET SALES
total $2,707,745 · related or exempt $2,707,745
-
2b · Program service revenue: SPONSORSHIPS
total $2,159,871 · related or exempt $2,159,871
-
2c · Program service revenue: PARKING
total $139,805 · related or exempt $139,805
-
2d · Program service revenue: CONCESSIONS
total $81,030 · related or exempt $81,030
-
2e · Program service revenue: REIMBURSEMENTS
total $27,680 · related or exempt $27,680
-
2f · All other program service revenue
total $23,673 · related or exempt $23,673
-
3 · Investment income
total $94 · excluded $94
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,811,062 · program services $2,811,062
-
11a · Fees: management
total $365,266 · management and general $365,266
-
11c · Fees: accounting
total $25,024 · management and general $25,024
-
11g · Fees: other
total $92,178 · program services $92,178
-
12 · Advertising and promotion
total $263,742 · program services $230,431 · management and general $33,311
-
13 · Office expenses
total $21,871 · program services $21,784 · management and general $87
-
16 · Occupancy
total $737,353 · program services $737,353
-
17 · Travel
total $13,888 · program services $13,888
-
23 · Insurance
total $25,237 · management and general $25,237
-
24a · Other expenses: OTHER EVENT EXPENSES
total $463,710 · program services $463,710
-
24b · Other expenses: MEALS & ENTERTAINMENT
total $185,826 · program services $185,826
-
24c · Other expenses: PARKING
total $122,781 · program services $122,781
-
24d · Other expenses: BAD DEBT EXPENSE
total $11,960 · program services $11,960
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,792,776 · end of year $1,525,281
-
4 · Accounts receivable
beginning of year $278,936 · end of year $176,550
-
17 · Accounts payable and accrued expenses
beginning of year $354,252 · end of year $164,753
-
19 · Deferred revenue
beginning of year $153,250 · end of year $78,250
-
25 · Other liabilities
beginning of year $1,450,910 · end of year $1,345,589
-
27 · Net assets without donor restrictions
beginning of year $113,300 · end of year $113,239
Mission and programs · 2024
Mission
THE PRIMARY PURPOSE OF THE FLORIDA CLASSIC CONSORTIUM CORPORATION IS TO ORGANIZE, SPONSOR, MANAGE, PRODUCE, PROMOTE AND PARTICIPATE IN THE INTERCOLLEGIATE ATHLETIC FOOTBALL CONFERENCE CONTEST BETWEEN FLORIDA A&M UNIVERSITY AND BETHUNE-COOKMAN UNIVERSITY; TO SOLICIT, RAISE, AND OTHERWISE RECEIVE FUNDS FROM SPONSORS AND THE GENERAL PUBLIC AND TO USE, CONTRIBUTE, DISPERSE AND DISPOSE OF SUCH FUNDS FOR THE ABOVE PURPOSES AND THE INTERCOLLEGIATE ATHLETIC PROGRAMS OF THE ABOVE-MENTIONED EDUCATIONAL INSTITUTIONS.
Activities or mission (Part I)
TO MANAGE AND ORGANIZE THE FLORIDA CLASSIC, A FOOTBALL GAME PLAYED BETWEEN BETHUNE-COOKMAN UNIVERSITY AND FLORIDA A&M UNIVERSITY.
-
THE FLORIDA CLASSIC CONSISTS OF THE FOOTBALL GAME PLAYED BETWEEN BETHUNE-COOKMAN UNIVERSITY ("B-CU") AND FLORIDA A&M UNIVERSITY ("FAMU") AND RELATED ANCILLARY EVENTS. THESE EVENTS INCLUDE THE BATTLE OF THE BANDS, KICKOFF LUNCHEON, FAN FEST, AND THE NIGHT OF DISTINCTION. THE NET PROCEEDS FROM THE FOOTBALL GAME AND ANCILLARY EVENTS ARE CONTRIBUTED TO B-CU AND FAMU.
Expenses $4,690,973 · Grants $2,811,062 · Revenue $5,139,804
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR LARRY ROBINSON
CO-CHAIR UNTIL 8/4/24
- Total calculated
- $360,149
- From this org
- $0
- From related orgs
- $280,994
- Other
- $79,155
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $280,994 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $79,155 related
- Filer's total
- $0 + $360,149 related
-
DR TIMOTHY BEARD
CO-CHAIR SINCE 8/5/24
- Total calculated
- $235,404
- From this org
- $0
- From related orgs
- $163,985
- Other
- $71,419
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $163,985 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $71,419 related
- Filer's total
- $0 + $235,404 related
-
W REBECCA BROWN
TREASURER/SECRETARY
- Total calculated
- $441,205
- From this org
- $0
- From related orgs
- $300,042
- Other
- $141,163
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $300,042 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $141,163 related
- Filer's total
- $0 + $441,205 related
-
CARMEN CUMMINGS
DIRECTOR
- Total calculated
- $198,412
- From this org
- $0
- From related orgs
- $150,745
- Other
- $47,667
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,745 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $47,667 related
- Filer's total
- $0 + $198,412 related
-
TIFFANI-DAWN SYKES
DIRECTOR UNTIL 8/2/24
- Total calculated
- $251,404
- From this org
- $0
- From related orgs
- $185,596
- Other
- $65,808
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $185,596 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $65,808 related
- Filer's total
- $0 + $251,404 related
-
ANGELA SUGGS
DIRECTOR SINCE 10/7/24
- Total calculated
- $84,848
- From this org
- $0
- From related orgs
- $59,387
- Other
- $25,461
- Hours/week
- 1 + 40 related
-
DR DONALD PALM
DIRECTOR SINCE 10/14/24
- Total calculated
- $422,900
- From this org
- $0
- From related orgs
- $351,341
- Other
- $71,559
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $351,341 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $71,559 related
- Filer's total
- $0 + $422,900 related
-
CURTIS JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SHAWNTA FRIDAY-STROUD
DIRECTOR UNTIL 10/14/24
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DR WILLIAM BERRY
CO-CHAIR
- Total calculated
- $350,537
- From this org
- $0
- From related orgs
- $350,537
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $350,537 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $350,537 related
-
REGGIE THEUS
DIRECTOR
- Total calculated
- $530,775
- From this org
- $0
- From related orgs
- $530,775
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $530,775 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $530,775 related
-
JAMES CLEVELAND
DIRECTOR
- Total calculated
- $213,640
- From this org
- $0
- From related orgs
- $206,713
- Other
- $6,927
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $206,713 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,927 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $213,640 related
-
DR KAREN BEARDEN
DIRECTOR
- Total calculated
- $325,008
- From this org
- $0
- From related orgs
- $325,008
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $325,008 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $325,008 related
-
KIMBERLY WOODARD
DIRECTOR UNTIL 10/14/24
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
JENNIFER ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DR CLARISSA WEST-WHITE
DIRECTOR SINCE 10/14/24
- Total calculated
- $0
- Hours/week
- 1 + 40 related
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
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
-
$1,405,531
GENERAL SUPPORT
-
$1,405,531
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · EDUCATION · FL
-
115(1) · EDUCATION · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640489349300444
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