Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,000,000

• 1f · All other contributions, gifts and grants

  $259,981

• 2a · Program service revenue: TICKET SALES - FOOTBALL

  total $15,038,586 · related or exempt $15,038,586

• 2b · Program service revenue: SPONSORSHIP - FOOTBALL

  total $4,509,526 · related or exempt $4,509,526

• 2c · Program service revenue: CONCERT SPONSORSHIP REVENUE

  total $1,464,139 · related or exempt $1,464,139

• 2d · Program service revenue: CONCERT TICKET REVENUE

  total $993,785 · related or exempt $993,785

• 2e · Program service revenue: CONCESSIONS - FOOTBALL

  total $453,515 · related or exempt $453,515

• 2f · All other program service revenue

  total $164,463 · related or exempt $164,463

• 3 · Investment income

  total $2,186,359 · excluded $2,186,359

• 7a · Gross sales of assets other than inventory

  securities $7,679,416

• 7b · Less cost or other basis and sales expenses

  securities $6,842,940

• 7c · Gain or loss

  securities $836,476

• 7d · Net gain or loss

  total $836,476 · excluded $836,476

• 11a · Other revenue: MISCELLANEOUS

  total $63,596 · related or exempt $63,596

• 11e · Other revenue, total

  $63,596

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $315,600 · program services $315,600

• 2 · Grants to domestic individuals

  total $120,000 · program services $120,000

• 5 · Compensation of officers, directors and key employees

  total $1,086,973 · program services $869,578 · management and general $217,395

• 7 · Other salaries and wages

  total $1,856,434 · program services $1,485,147 · management and general $371,287

• 8 · Pension plan contributions

  total $227,805 · program services $182,244 · management and general $45,561

• 9 · Other employee benefits

  total $294,693 · program services $235,754 · management and general $58,939

• 10 · Payroll taxes

  total $151,774 · program services $121,419 · management and general $30,355

• 11b · Fees: legal

  total $208,057 · management and general $208,057

• 11c · Fees: accounting

  total $91,003 · management and general $91,003

• 12 · Advertising and promotion

  total $604,626 · program services $604,626

• 13 · Office expenses

  total $234,045 · management and general $234,045

• 17 · Travel

  total $66,926 · management and general $66,926

• 19 · Conferences, conventions and meetings

  total $78,506 · management and general $78,506

• 22 · Depreciation, depletion and amortization

  total $20,385 · management and general $20,385

• 23 · Insurance

  total $166,322 · management and general $166,322

• 24a · Other expenses: SUGAR BOWL ANNUAL GAME

  total $12,148,943 · program services $12,148,943

• 24b · Other expenses: CONCERT EXPENSES

  total $2,279,573 · program services $2,279,573

• 24c · Other expenses: ANCILLARY AMATEUR SPORT

  total $343,172 · program services $343,172

• 24d · Other expenses: OTHER EXPENSES

  total $251,244 · management and general $251,244

• 24e · All other expenses

  total $51,151 · management and general $51,151

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,594,704 · end of year $6,123,728

• 4 · Accounts receivable

  beginning of year $122,799 · end of year $189,934

• 9 · Prepaid expenses and deferred charges

  beginning of year $348,090 · end of year $727,667

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

  $1,698,287

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

  $1,602,338

• 10c · Land, buildings and equipment, net

  beginning of year $84,327 · end of year $95,949

• 11 · Investments: publicly traded securities

  beginning of year $66,360,580 · end of year $78,502,859

• 17 · Accounts payable and accrued expenses

  beginning of year $707,752 · end of year $3,618,972

• 19 · Deferred revenue

  beginning of year $2,686,452 · end of year $2,548,387

• 27 · Net assets without donor restrictions

  beginning of year $66,116,296 · end of year $79,222,778

• 28 · Net assets with donor restrictions

  end of year $250,000

The filer's explanations (Part III)

PART I, LINE 7

THE CHIEF EXECUTIVE OFFICER IS ELIGIBLE FOR A BONUS BY CONTRACT; HOWEVER, THE AMOUNT OF CASH OR OTHER PROPERTY IS NOT SPECIFIED IN THE CONTRACT, NOR DETERMINED BY A FIXED FORMULA SPECIFIED IN THE CONTRACT. THE AMOUNT OF THE BONUSES PAID TO THE EMPLOYEES ARE DETERMINED AFTER THE BOWL'S COMPENSATION COMMITTEE REVIEWS RECOMMENDATIONS FROM THE CEO REGARDING THE EMPLOYEES' OVERALL JOB PERFORMANCE AND THE EMPLOYER'S FINANCIAL RESULTS FOR THE YEAR. THE COMMITTEE ALSO RELIES ON AN INDEPENDENT COMPENSATION SURVEY PREPARED BY PEARL MEYER & PARTNERS, AN INDEPENDENT COMPENSATION CONSULTING FIRM. AFTER HEARING FROM THE CEO, THE COMPENSATION COMMITTEE PROVIDES RECOMMENDATIONS OF THE BONUSES TO THE EXECUTIVE COMMITTEE FOR THE ULTIMATE DETERMINATION OF THE BONUSES.

SCHEDULE J, PART II

PLEASE NOTE THE INFORMATION REPORTED ON SCHEDULE J IS ON A CALENDAR YEAR BASIS NOT THE ENTITY'S FISCAL YEAR BASIS.