Totals
- Total revenue
- $18,481,910
- Total expenses
- $16,064,841
- Contributions and grants received
- $7,189,403
- Grants paid
- $10,363,730
- Program service revenue
- $10,832,508
- Investment income
- $143,932
- Other revenue
- $316,067
- Total assets, end of year
- $17,953,915
- Total liabilities, end of year
- $571,579
- Net assets or fund balances, end of year
- $17,382,336
- Program services expenses (Part IX)
- $14,639,108
- Management and general expenses
- $1,292,071
- Fundraising expenses
- $133,662
- Program service expenses (Part III)
- $14,639,108
Program services were 91.1% 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.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,075,000
-
1f · All other contributions, gifts and grants
$6,114,403
-
2a · Program service revenue: TICKET SALES
total $9,307,508 · related or exempt $9,307,508
-
2b · Program service revenue: BOWL RIGHTS FEES
total $1,475,000 · related or exempt $1,475,000
-
2c · Program service revenue: EVENTS
total $50,000 · related or exempt $50,000
-
3 · Investment income
total $143,932 · excluded $143,932
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $225,856 · excluded $225,856
-
11b · Other revenue: ERC REVENUE
total $90,211 · excluded $90,211
-
11e · Other revenue, total
$316,067
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,363,730 · program services $10,363,730
-
5 · Compensation of officers, directors and key employees
total $678,134 · program services $216,171 · management and general $415,339 · fundraising $46,624
-
7 · Other salaries and wages
total $528,705 · program services $218,291 · management and general $284,628 · fundraising $25,786
-
8 · Pension plan contributions
total $41,126 · program services $14,805 · management and general $23,853 · fundraising $2,468
-
9 · Other employee benefits
total $154,785 · program services $55,723 · management and general $89,775 · fundraising $9,287
-
10 · Payroll taxes
total $122,055 · program services $43,940 · management and general $70,792 · fundraising $7,323
-
11c · Fees: accounting
total $47,370 · program services $26,771 · management and general $18,668 · fundraising $1,931
-
11g · Fees: other
total $406,737 · program services $229,864 · management and general $160,291 · fundraising $16,582
-
12 · Advertising and promotion
total $476,768 · program services $476,768
-
13 · Office expenses
total $150,270 · program services $54,097 · management and general $87,157 · fundraising $9,016
-
14 · Information technology
total $23,424 · program services $8,433 · management and general $13,586 · fundraising $1,405
-
16 · Occupancy
total $1,251,138 · program services $1,251,138
-
17 · Travel
total $137,146 · program services $137,146
-
22 · Depreciation, depletion and amortization
total $167,929 · program services $60,454 · management and general $97,399 · fundraising $10,076
-
23 · Insurance
total $236,316 · program services $207,173 · management and general $26,411 · fundraising $2,732
-
24a · Other expenses: MISCELLANEOUS
total $709,837 · program services $706,765 · management and general $2,784 · fundraising $288
-
24b · Other expenses: EVENTS
total $455,877 · program services $454,651 · management and general $1,111 · fundraising $115
-
24c · Other expenses: TICKETING
total $113,494 · program services $113,188 · management and general $277 · fundraising $29
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,189,030 · end of year $968,557
-
2 · Savings and temporary cash investments
beginning of year $1,955,715 · end of year $4,578,121
-
3 · Pledges and grants receivable
beginning of year $9,774,465 · end of year $10,945,416
-
4 · Accounts receivable
beginning of year $263,783 · end of year $828,301
-
9 · Prepaid expenses and deferred charges
beginning of year $46,312 · end of year $75,925
-
10a · Land, buildings and equipment: cost or other basis
$370,585
-
10b · Land, buildings and equipment: accumulated depreciation
$362,681
-
10c · Land, buildings and equipment, net
beginning of year $12,855 · end of year $7,904
-
12 · Investments: other securities
end of year $459,480
-
15 · Other assets
beginning of year $0 · end of year $90,211
-
17 · Accounts payable and accrued expenses
beginning of year $2,071,649 · end of year $320,750
-
19 · Deferred revenue
beginning of year $50,000 · end of year $250,829
-
24 · Unsecured notes and loans payable
beginning of year $35,502 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $5,310,544 · end of year $6,436,921
-
28 · Net assets with donor restrictions
beginning of year $9,774,465 · end of year $10,945,415
Mission and programs · 2022
Mission
THE CHARLOTTE SPORTS FOUNDATION IS A NON-PROFIT, 501(C)(3) ORGANIZATION CREATED IN 2013 TO PROVIDE LEADERSHIP FOR SPORTS-BASED INITIATIVES THAT ENHANCE THE ECONOMY AND QUALITY OF LIFE IN THE CHARLOTTE REGION. WE PROVIDE UNIQUE EVENTS AND BUSINESS OPPORTUNITIES AROUND PROFESSIONAL, COLLEGIATE AND AMATEUR SPORTING EVENTS. OUR EFFORTS ARE INTENDED TO CREATE A POSITIVE ECONOMIC IMPACT IN THE REGION AS WELL AS TO ENHANCE THE QUALITY OF LIFE.
-
THE POST-SEASON COLLEGE FOOTBALL BOWL GAME IS GENERALLY PRESENTED IN DECEMBER OF EACH YEAR AND IS SPONSORED BY A PRIMARY OR TITLE SPONSOR. DUKE'S MAYONNAISE WAS THE TITLE SPONSOR FOR THE 2022 EVENT, AND THE GAME WAS NAMED THE DUKE'S MAYO BOWL AND HELD ON DECEMBER 30, 2022 AT THE BANK OF AMERICA STADIUM IN CHARLOTTE, NORTH CAROLINA. THE PARTICIPATING TEAMS IN THE 2022 EVENT WERE NORTH CAROLINA STATE UNIVERSITY AND THE UNIVERSITY OF MARYLAND.
Expenses $7,653,463 · Grants $5,050,000 · Revenue $873,650
-
CHARLOTTE SPORTS FOUNDATION SERVES AS THE LOCAL COMMITTEE FOR THE ATLANTIC COAST CONFERENCE FOOTBALL CHAMPIONSHIP GAME. THE GAME WAS HELD DECEMBER 3, 2022 IN CHARLOTTE, NORTH CAROLINA. THE PARTICIPATING TEAMS IN THE 2022 EVENT WERE CLEMSON UNIVERSITY AND THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
Expenses $1,574,608 · Revenue $5,449,591
-
CHARLOTTE SPORTS EVENTS OPERATES SPORTS RELATED EVENTS IN CHARLOTTE METRO AREA DESIGNED AS CIVIC PROMOTIONS AND TO RAISE FUNDS FOR VARIOUS CHARITABLE CAUSES.DURING THE FISCAL YEAR, CHARLOTTE SPORTS EVENTS HELD AN OPENING WEEKEND COLLEGE FOOTBALL GAME SPONSORED BY A PRIMARY OR TITLE SPONSOR. DUKE'S MAYONNAISE WAS THE TITLE SPONSOR FOR THE 2022 EVENT. THE GAME WAS NAMED THE DUKE'S MAYO CLASSIC AND HELD ON SEPTEMBER 3: - NORTH CAROLINA CENTRAL AND NORTH CAROLINA A&T STATE UNIVERSITY WERE THE PARTICIPATING TEAMS AT THE BANK OF AMERICA STADIUM IN CHARLOTTE, NORTH CAROLINA ON SEPTEMBER 3, 2022.DURING THE FISCAL YEAR, CHARLOTTE SPORTS EVENTS HELD THE JUMPMAN INVITATIONAL SANCTIONED BY THE NCAA. THE 2022 JUMPMAN EVENT WAS HELD ON DECEMBER 20, 2022 IN CHARLOTTE, NORTH CAROLINA. - UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, UNIVERSITY OF MICHIGAN, UNIVERSITY OF OKLAHOMA, AND THE UNIVERSITY OF FLORIDA WERE THE PARTICIPATING TEAMS.
Expenses $5,411,037 · Grants $5,313,730 · Revenue $4,509,267
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Danny MorrisonDANNY MORRISON
EXECUTIVE DIRECTOR
- Total calculated
- $423,798
- From this org
- $381,068
- From related orgs
- $0
- Other
- $42,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $381,068
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $42,730
- Filer's total
- $423,798
-
Johnny HarrisJOHNNY HARRIS
CO-CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 40
-
Andrea SmithANDREA SMITH
CO-CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Steve LuquireSTEVE LUQUIRE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Steve YoungSTEVE YOUNG
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kaleah RodgersKALEAH RODGERS
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Francisco AlvaradoFRANCISCO ALVARADO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeff BrownJEFF BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Heath CampbellHEATH CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chris ClunieCHRIS CLUNIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kieth CockrellKIETH COCKRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Malcomb ColeyMALCOMB COLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jesse CuretonJESSE CURETON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Thomas DavisTHOMAS DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dena DiorioDENA DIORIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sheldon FrancisSHELDON FRANCIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John GiannuzziJOHN GIANNUZZI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike HillMIKE HILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marcus JonesMARCUS JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Luke KissamLUKE KISSAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Luke KuechlyLUKE KUECHLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Janet LabarJANET LABAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carol LovinCAROL LOVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tom MurrayTOM MURRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dante ParriniDANTE PARRINI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jon PollackJON POLLACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jimmy RayburnJIMMY RAYBURN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Patricia RodgersPATRICIA RODGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark SchulerMARK SCHULER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marcus SmithMARCUS SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael SmithMICHAEL SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ron SmithRON SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nicole TepperNICOLE TEPPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Will WebbWILL WEBB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ed Weisiger JrED WEISIGER JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Fred WhitfieldFRED WHITFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Derick CloseDERICK CLOSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
William PittsWILLIAM PITTS
CHIEF OPERATING OFFICER
- Total calculated
- $254,335
- From this org
- $222,437
- From related orgs
- $0
- Other
- $31,898
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,437
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,898
- Filer's total
- $254,335
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
-
NORTH CAROLINA STATE UNIVERSITY
$2,600,000
TEAM PARTICIPATION
-
MARYLAND UNIVERSITY
$2,450,000
TEAM PARTICIPATION
-
$2,212,288
TEAM PARTICIPATION
-
NORTH CAROLINA CENTRAL UNIVERSITY
$739,978
TEAM PARTICIPATION
-
NORTH CAROLINA A&T STATE UNIVERSITY
$493,318
TEAM PARTICIPATION
-
TEAM PARTICIPATION
-
$300,000
TEAM PARTICIPATION
-
UNIVERSITY OF FLORIDA
$300,000
TEAM PARTICIPATION
-
UNIVERSITY OF OKLAHOMA
$300,000
TEAM PARTICIPATION
-
TEAM PARTICIPATION
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CHARLOTTE COLLEGIATE FOOTBALL II LLC
ORGANIZATION OF COLLEGIATE TOURNAMENTS · NC · income $2,714,800 · assets $382,467
Directly controlled by CHARLOTTE SPORTS FOUNDATION
-
CHARLOTTE COLLEGIATE FOOTBALL BOWL II LLC
ORGANIZATION OF COLLEGIATE TOURNAMENTS · NC · income $8,138,403 · assets $9,884,551
Directly controlled by CHARLOTTE SPORTS FOUNDATION
-
CHARLOTTE SPORTS EVENTS LLC
ORGANIZATION OF COLLEGIATE TOURNAMENTS · NC · income $7,045,104 · assets $1,730,467
Directly controlled by CHARLOTTE SPORTS FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349307143
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.