Overview
What is Florida Classic Consortium Corporation?
The Florida Classic Consortium Corporation, established in Tallahassee, Florida, is a nonprofit organization primarily dedicated to managing and organizing the annual Florida Classic football game. This event brings together Bethune-Cookman University (B-CU) and Florida A&M University (FAMU), featuring additional ancillary activities such as the Battle of the Bands, a kickoff luncheon, Fan Fest, and the Night of Distinction. The net proceeds from these events are contributed to both B-CU and FAMU, supporting their intercollegiate athletic programs. The organization works to solicit, raise, and utilize funds from sponsors and the general public for these purposes.
Official website here: www.floridaclassic.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (50%)
Florida Classic Consortium Corporation has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has a notably low score in the Accountability & Finance category, which highlights areas such as the lack of financial statements and critical governance documents, impacting transparency.
Despite some strengths, including a majority of independent board members and a strong program expense ratio, the absence of essential documents like a whistleblower policy and tax forms raises red flags. The organization does maintain a conflict of interest policy and has documented board meeting minutes, but these positives are overshadowed by critical gaps in financial reporting and governance.
Overall, while Florida Classic Consortium Corporation appears to be committed to its programs, the lack of transparency and governance practices could deter potential donors. Stakeholders may wish to consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Classic Consortium Corporation legitimate?
Florida Classic Consortium Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Classic Consortium Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.floridaclassic.org
What is the mission statement of Florida Classic Consortium Corporation?
The Florida Classic Consortium Corporation's primary mission is to oversee and manage the annual football game known as the Florida Classic. This iconic event features Bethune-Cookman University and Florida A&M University. The corporation aims to raise funds from sponsors and the public for this purpose, and other intercollegiate athletic programs within these universities. They utilize these funds to sponsor, organize, produce, promote, and participate in the Florida Classic football contest. The corporation's activities directly support the athletic programs of both universities, fostering a sense of competition and community among the participating institutions.
Official website here: www.floridaclassic.org
Who is the CEO of Florida Classic Consortium Corporation?
Dr Larry Robinson is the Co-Chair of Florida Classic Consortium Corporation.
Official website here: www.floridaclassic.org
What is the revenue of Florida Classic Consortium Corporation?
Florida Classic Consortium Corporation's revenue in 2022 was $3,646,276.
Official website here: www.floridaclassic.org
Who are the executives of Florida Classic Consortium Corporation and what are their salaries?
There 100 volunteers at Florida Classic Consortium Corporation.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $255,897
- Other: $9,023
- Compensation: $0
- Related: $470,900
- Other: $78,165
- Compensation: $0
- Related: $323,370
- Other: $0
- Compensation: $0
- Related: $165,572
- Other: $21,056
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $136,519
- Other: $21,056
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $204,579
- Other: $9,755
- Compensation: $0
- Related: $101,078
- Other: $19,856
- Compensation: $0
- Related: $215,972
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $200,000
- Other: $0
Official website here: www.floridaclassic.org
Where can I find the form 990 for Florida Classic Consortium Corporation?
Florida Classic Consortium Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floridaclassic.org
Learn more at the official website: www.floridaclassic.org
Mission Statement of Florida Classic Consortium Corporation
The Florida Classic Consortium Corporation, in essence, is devoted to managing and organizing the annual Florida Classic football game. This highly anticipated event pits Bethune-Cookman University against Florida A&M University. The primary objective of this nonprofit organization is to arrange, sponsor, manage, produce, promote, and participate in this specific intercollegiate athletic football competition, known as the Florida Classic. Furthermore, the Florida Classic Consortium Corporation seeks to procure funds from sponsors and the general public, utilizing these resources to further the aforementioned athletic programs at both Florida A&M University and Bethune-Cookman University. The corporation's purpose is to support and contribute to the intercollegiate athletic activities of these esteemed educational institutions.
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Impact
July, 2024
The Florida Classic Consortium Corporation's impact is felt through the management and organization of the Florida Classic, a significant football game between B-CU and FAMU. Their efforts extend beyond the game itself to include ancillary events such as the Battle of the Bands, Kickoff Luncheon, Fan Fest, and the Night of Distinction. The net proceeds from these activities are contributed to B-CU and FAMU, supporting their educational programs. Through their dedication to promoting and participating in the Florida Classic, the consortium contributes to community improvement in Tallahassee and beyond.
This information is meant to be a general summary of Florida Classic Consortium Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $51
- Program Service Revenue: $3,646,225
- Gross Receipts: $3,646,276
Assets and Liabilities:
- Total Assets: $1,265,736
- Total Liabilities: $1,152,436
- Net Assets: $113,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$1,868,461
SPONSORSHIPS
Revenue
$1,619,906
CONCESSIONS/OTHER
Revenue
$157,858
Organization Details
Founding Year
2006
Phone
(407) 423-2476Principal Officer
Dr Larry Robinson
Main Address
CO FLORIDA AM UNIV 400 LEE HALL, TALLAHASSEE, FL, 32307
Website
www.floridaclassic.orgNTEE Category
Code: S20 - Community improvement
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