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Nonprofiteer
← FLORIDA CLASSIC CONSORTIUM CORPORATION

Form 990 for tax year 2023

Filed by FLORIDA CLASSIC CONSORTIUM CORPORATION.

Totals

Total revenue
$4,769,115
Total expenses
$4,769,115
Contributions and grants received
$0
Grants paid
$2,743,974
Program service revenue
$4,769,021
Investment income
$94
Other revenue
$0
Total assets, end of year
$2,071,712
Total liabilities, end of year
$1,958,412
Net assets or fund balances, end of year
$113,300
Program services expenses (Part IX)
$4,338,013
Management and general expenses
$431,102
Fundraising expenses
$0
Program service expenses (Part III)
$4,338,013

Program services were 91.0% 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.

  • 2a · Program service revenue: SPONSORSHIPS

    total $2,322,546 · related or exempt $2,322,546

  • 2b · Program service revenue: TICKET SALES

    total $2,181,180 · related or exempt $2,181,180

  • 2c · Program service revenue: CONCESSIONS/OTHER

    total $265,295 · related or exempt $265,295

  • 3 · Investment income

    total $94 · excluded $94

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,743,974 · program services $2,743,974

  • 11a · Fees: management

    total $348,493 · management and general $348,493

  • 11c · Fees: accounting

    total $14,328 · management and general $14,328

  • 11g · Fees: other

    total $51,393 · program services $51,393

  • 12 · Advertising and promotion

    total $362,657 · program services $316,856 · management and general $45,801

  • 13 · Office expenses

    total $36,603 · program services $36,455 · management and general $148

  • 17 · Travel

    total $9,268 · program services $9,268

  • 23 · Insurance

    total $22,332 · management and general $22,332

  • 24a · Other expenses: EVENT FACILITY RENTAL

    total $568,345 · program services $568,345

  • 24b · Other expenses: OTHER EVENT EXPENSES

    total $281,706 · program services $281,706

  • 24c · Other expenses: EVENT MEALS/ENTERTAINME

    total $190,489 · program services $190,489

  • 24d · Other expenses: EVENT EQUIPMENT RENTAL

    total $137,327 · program services $137,327

  • 24e · All other expenses

    total $2,200 · program services $2,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $533,382 · end of year $1,792,776

  • 4 · Accounts receivable

    beginning of year $836,091 · end of year $278,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,627 · end of year $354,252

  • 19 · Deferred revenue

    end of year $153,250

  • 25 · Other liabilities

    beginning of year $1,230,546 · end of year $1,450,910

  • 27 · Net assets without donor restrictions

    beginning of year $113,300 · end of year $113,300

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF THE FLORIDA CLASSIC CONSORTIUM CORPORATION IS TO ORGANIZE, SPONSOR, MANAGE, PRODUCE, PROMOTE AND PARTICIPATE IN THE ATHLETIC CONTEST SPECIFICALLY KNOWN AS THE FLORIDA CLASSIC, AN 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)

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 $4,338,013 · Grants $2,743,974 · Revenue $4,769,021

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DR LAWRENCE DRAKE

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • DR LARRY ROBINSON

    CO-CHAIR

    Total calculated
    $762,204
    From this org
    $0
    From related orgs
    $684,029
    Other
    $78,175
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $684,029 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $78,175 related
    Filer's total
    $0 + $762,204 related

  • REGGIE THEUS

    DIRECTOR

    Total calculated
    $535,000
    From this org
    $0
    From related orgs
    $535,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $535,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $535,000 related

  • TIFFANI-DAWN SYKES

    DIRECTOR

    Total calculated
    $233,911
    From this org
    $0
    From related orgs
    $224,151
    Other
    $9,760
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,151 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,760 related
    Filer's total
    $0 + $233,911 related

  • JAMES CLEVELAND

    DIRECTOR

    Total calculated
    $193,000
    From this org
    $0
    From related orgs
    $193,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,000 related

  • W REBECCA BROWN

    DIRECTOR

    Total calculated
    $282,622
    From this org
    $0
    From related orgs
    $259,705
    Other
    $22,917
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,705 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,917 related
    Filer's total
    $0 + $282,622 related

  • DR KAREN BEARDEN

    DIRECTOR

    Total calculated
    $361,008
    From this org
    $0
    From related orgs
    $361,008
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,008 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $361,008 related

  • CARMEN CUMMINGS

    DIRECTOR

    Total calculated
    $153,957
    From this org
    $0
    From related orgs
    $144,197
    Other
    $9,760
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,197 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,760 related
    Filer's total
    $0 + $153,957 related

  • KIMBERLY WOODARD

    DIRECTOR

    Total calculated
    $114,500
    From this org
    $0
    From related orgs
    $114,500
    Other
    $0
    Hours/week
    1 + 40 related

  • CURTIS JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JENNIFER ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHAWNTA FRIDAY-STROUD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202540839349300334

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