Form 990 for tax year 2022

Totals

Total revenue

$4,224,562

Total expenses

$4,224,562

Contributions and grants received

$3,750

Grants paid

$2,440,090

Program service revenue

$4,220,744

Investment income

$68

Other revenue

$0

Total assets, end of year

$1,369,473

Total liabilities, end of year

$1,256,173

Net assets or fund balances, end of year

$113,300

Program services expenses (Part IX)

$3,891,561

Management and general expenses

$333,001

Fundraising expenses

$0

Program service expenses (Part III)

$3,891,561

Program services were 92.1% 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.

Mission and programs · 2022

• 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 $3,891,561 · Grants $2,440,090 · Revenue $4,220,744

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• BETHUNE-COOKMAN UNIVERSITY

  $1,220,045

  GENERAL SUPPORT

• FLORIDA A&M UNIVERSITY

  $1,220,045

  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.

• BETHUNE-COOKMAN UNIVERSITY

  501(C)(3) · EDUCATION · FL

• FLORIDA A&M UNIVERSITY

  170(C)(1) · EDUCATION · FL

Provenance

Return type

form_990

Tax year

2022

Filed

13 February 2024

IRS schema version

2022v5.0

Source object

202420469349301932

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