Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,284,753

• 1g · Noncash contributions included above

  $591,650

• 2a · Program service revenue: SPONSORSHIPS

  total $6,762,769 · related or exempt $6,762,769

• 2b · Program service revenue: HALL OF FAME WEEK

  total $5,015,118 · related or exempt $5,015,118

• 2c · Program service revenue: ADMISSIONS

  total $4,854,995 · related or exempt $4,854,995

• 2d · Program service revenue: BLACK COLLEGE HOF CLASSIC

  total $1,269,994 · related or exempt $1,269,994

• 2e · Program service revenue: PRODUCTION INCOME

  total $971,677 · related or exempt $971,677

• 2f · All other program service revenue

  total $2,976,148 · related or exempt $2,976,148

• 3 · Investment income

  total $247 · excluded $247

• 10a · Gross sales of inventory

  $6,240,976

• 10b · Cost of goods sold

  $3,036,411

• 10c · Net income from sales of inventory

  total $3,204,565 · related or exempt $3,204,565

• 11a · Other revenue: ADVERTISING

  total $3,100 · unrelated business $3,100

• 11e · Other revenue, total

  $3,100

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $80,093 · program services $80,093

• 5 · Compensation of officers, directors and key employees

  total $1,917,061 · program services $760,550 · management and general $1,156,511

• 7 · Other salaries and wages

  total $4,834,521 · program services $2,132,809 · management and general $2,701,712

• 8 · Pension plan contributions

  total $179,438 · program services $37,464 · management and general $141,974

• 9 · Other employee benefits

  total $813,783 · program services $233,908 · management and general $579,875

• 10 · Payroll taxes

  total $497,803 · program services $105,336 · management and general $392,467

• 11b · Fees: legal

  total $255,971 · program services $173,469 · management and general $82,502

• 11c · Fees: accounting

  total $128,259 · program services $86,920 · management and general $41,339

• 11g · Fees: other

  total $2,555,847 · program services $2,089,825 · management and general $466,022

• 12 · Advertising and promotion

  total $436,743 · program services $378,141 · management and general $58,602

• 13 · Office expenses

  total $660,481 · program services $432,927 · management and general $227,554

• 16 · Occupancy

  total $829,080 · program services $829,080

• 17 · Travel

  total $525,869 · program services $480,078 · management and general $45,791

• 20 · Interest

  total $31,305 · management and general $31,305

• 22 · Depreciation, depletion and amortization

  total $2,256,371 · program services $1,607,205 · management and general $649,166

• 23 · Insurance

  total $150,705 · management and general $150,705

• 24a · Other expenses: MISCELLANEOUS

  total $6,354,486 · program services $5,381,620 · management and general $972,866

• 24b · Other expenses: PLAYER APPEARANCE FEES

  total $1,472,583 · program services $1,432,553 · management and general $40,030

• 24c · Other expenses: ADMISSIONS/ENTERTAINMEN

  total $1,281,336 · program services $1,057,009 · management and general $224,327

• 24d · Other expenses: FOOD AND BEVERAGE

  total $1,214,951 · program services $1,008,374 · management and general $206,577

• 24e · All other expenses

  total $323,802 · program services $36,255 · management and general $287,547

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,010,381 · end of year $6,823,255

• 2 · Savings and temporary cash investments

  beginning of year $586,675 · end of year $499,817

• 3 · Pledges and grants receivable

  beginning of year $1,085,000 · end of year $220,000

• 4 · Accounts receivable

  beginning of year $5,705,988 · end of year $2,632,518

• 8 · Inventories for sale or use

  beginning of year $668,621 · end of year $1,150,616

• 9 · Prepaid expenses and deferred charges

  beginning of year $541,505 · end of year $416,693

• 10a · Land, buildings and equipment: cost or other basis

  $65,156,532

• 10b · Land, buildings and equipment: accumulated depreciation

  $37,201,373

• 10c · Land, buildings and equipment, net

  beginning of year $29,561,325 · end of year $27,955,159

• 11 · Investments: publicly traded securities

  beginning of year $5,593,372 · end of year $1,348,156

• 12 · Investments: other securities

  beginning of year $1,259,933 · end of year $1,093,168

• 15 · Other assets

  beginning of year $583,792 · end of year $1,088,677

• 17 · Accounts payable and accrued expenses

  beginning of year $10,497,433 · end of year $6,566,370

• 19 · Deferred revenue

  beginning of year $2,411,238 · end of year $1,895,096

• 20 · Tax-exempt bond liabilities

  beginning of year $6,586,407 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $358,613 · end of year $236,712

• 27 · Net assets without donor restrictions

  beginning of year $35,500,232 · end of year $32,074,195

• 28 · Net assets with donor restrictions

  beginning of year $2,242,669 · end of year $2,455,686

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL IS LIMITED TO THE ORGANIZATION'S CEO. THE EXPENSES IS CONSIDERED BUSINESS USE AND IS A NON-TAXABLE BENEFIT. COMPANION TRAVEL IS REIMBURSED AND NON-TAXABLE TO INDIVIDUALS WHERE THERE IS A BUSINESS PURPOSE FOR THE COMPANION TO ATTEND SUCH EVENT OR FUNCTION. THE NON-TAXABILITY IS OFTEN ASSOCIATED WITH FUNCTIONS ATTENDED FOR THE PURPOSE OF INTERACTING AND ENHANCING THE RELATIONSHIPS WITH PARTNERS AND OTHER SUPPORTERS OF THE ORGANIZATION.

PART I, LINE 4A

CARL DAVID BAKER - SALARY CONTINUATION FROM DATE OF SEVERANCE 10/10/21 IS REPORTED ON THE FORM 990 PART VII

PART I, LINE 6

THE CEO IS ELIGIBLE FOR A BONUS AT VARIOUS EARNINGS THRESHOLDS. ALL OTHER EXECUTIVES ARE ELIGIBLE FOR A BONUS AT VARIOUS EARNINGS THRESHOLDS, DISTRIBUTED AT THE DISCRETION OF THE CEO.

PART I, LINE 7

THE GOVERNING BODY DETERMINES THE PERCENTAGE OF SALARY THAT IS ELIGIBLE FOR A BONUS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PROJECT ISAIAH LLC

  FOOD DISTRIBUTION · DE · income $0 · assets $192,483

  Directly controlled by NATIONAL FOOTBALL MUSEUM INC

Related corporations and trusts

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

• HALL OF FAME VILLAGE INC

  C · REAL ESTATE · OH · 100% owned · share of income -$15,691 · share of assets $82,517 · controlled entity

  Directly controlled by NATIONAL FOOTBALL MUSEUM INC