Overview
What is Tampa Bay Bowl Association Inc?
Tampa Bay Bowl Association Inc, operating under the name ReliaQuest Bowl, is a nonprofit organization based in Tampa, Florida. Their primary mission is to host a postseason college football game annually on New Year's Day, with the purpose of generating a positive economic impact in the Tampa Bay area and showcasing the community both nationally and internationally. To achieve this goal, the ReliaQuest Bowl offers significant financial contributions to participating NCAA member institutions, as demonstrated by the combined $6.1 million paid this year to the SEC and Big Ten Conferences and an overall contribution of over $170 million throughout its brief history. The organization also provides hospitality, entertainment, and gifts to the participating schools as part of its commitment. The ReliaQuest Bowl boasts an impressive economic impact of over $1.1 billion for the Tampa Bay area community and employs a team of 15 individuals.
Official website here: www.reliaquestbowl.com
What are the reviews and ratings of this charity?
The Tampa Bay Bowl Association Inc has earned a Four-Star out of Four Star rating from Charity Navigator, with an impressive score of 96%. This high rating highlights the organization’s strong performance in Accountability & Finance, which is the sole factor considered in this score. The evaluation reflects their robust governance practices and effective financial management, ensuring the nonprofit operates transparently and efficiently.
Key strengths of the Tampa Bay Bowl Association include a fully independent board and comprehensive policies for conflict of interest, whistleblower protection, and document retention. They have also maintained a healthy liabilities to assets ratio and a substantial program expense ratio, indicating that a significant portion of their expenses directly support their programs.
A notable limitation is the absence of their tax form on their website, which slightly affects their transparency score. Besides this, the charity does not currently have scores available for Impact & Measurement, Culture & Community, or Leadership & Adaptability. However, the high salaries of key staff members are disclosed, which provides transparency regarding their compensation practices. There are no user reviews available from GreatNonprofits to provide additional insights into public perception or individual experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tampa Bay Bowl Association Inc legitimate?
Tampa Bay Bowl Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Bowl Association Inc 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: $989,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $872,531
For more financial information, click here
Official website here: www.reliaquestbowl.com
What is the mission statement of Tampa Bay Bowl Association Inc?
The Tampa Bay Bowl Association Inc's mission is to create a positive economic impact in its area, showcase the community on a national and international level, and manage an event that enhances the quality of life. Simultaneously, they aim to make a substantial financial contribution to NCAA member institutions and provide a safe, educational, and unique experience for the participating student-athletes in their postseason college bowl football game. The proceeds from this game benefit the colleges represented by these athletes.
Official website here: www.reliaquestbowl.com
Who is the CEO of Tampa Bay Bowl Association Inc?
James P Mcvay is the Chair of Tampa Bay Bowl Association Inc. The CEO's salary of Tampa Bay Bowl Association Inc is $864,114 and their total compensation is $948,410.
Official website here: www.reliaquestbowl.com
What is the revenue of Tampa Bay Bowl Association Inc?
Tampa Bay Bowl Association Inc's revenue in 2023 was $11,710,005.
Official website here: www.reliaquestbowl.com
Who are the executives of Tampa Bay Bowl Association Inc and what are their salaries?
The average compensation at Tampa Bay Bowl Association Inc during 2023 was $124,111. There are 15 employees and 100 volunteers at Tampa Bay Bowl Association Inc.
Here are 29 key members and their salaries (Tampa Bay Bowl Association Inc's CEO's salary is $864,114 and their total compensation is $948,410):
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- Compensation: $864,114
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- Compensation: $243,286
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- Compensation: $178,333
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- Compensation: $184,928
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- Other: $36,833
Official website here: www.reliaquestbowl.com
Where can I find the form 990 for Tampa Bay Bowl Association Inc?
Tampa Bay Bowl Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.reliaquestbowl.com
Learn more at the official website: www.reliaquestbowl.com
Mission Statement of Tampa Bay Bowl Association Inc
Tampa Bay Bowl Association Inc, a nonprofit organization, is dedicated to orchestrating a postseason college football game. The primary purpose of this event is to generate an economic impact in the local community, while simultaneously showcasing the area on a national and international stage. Furthermore, the association aims to manage an event that enhances the quality of life in the area, all while making a substantial financial contribution to NCAA member institutions. The unique experience provided to the student athletes participating in the game is a significant aspect of the Tampa Bay Bowl Association Inc's mission. This includes ensuring a safe, educational, and distinctive event for these athletes, thereby contributing positively to their overall development.
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Impact
July, 2024
The impact of the Tampa Bay Bowl Association Inc, through its flagship event, the ReliaQuest Bowl, has been substantial. This New Year's Day college football game not only pays significant fees to NCAA participating schools for their appearance but also assumes tremendous financial risk and liability with its financial guarantees to the schools. Over its brief history, the ReliaQuest Bowl has paid approximately $170,000,000 to NCAA member institutions, with this year alone seeing a combined payment of $6,100,000 to the SEC and Big Ten conferences.
Moreover, the bowl game has generated an economic impact of over $1.1 billion for the Tampa Bay area community since its inception. By showcasing the community nationally and internationally, the Tampa Bay Bowl Association Inc not only adds to the quality of life in the area but also makes a significant financial contribution to NCAA member institutions. Additionally, the association provides a safe, educational, and unique experience for the student athletes participating in the game, further enhancing its impact on both the local community and the college football landscape.
This information is meant to be a general summary of Tampa Bay Bowl Association Inc. 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 2023.
- Investment Income: $48,762
- Program Service Revenue: $11,049,277
- Gross Receipts: $11,710,005
Assets and Liabilities:
- Total Assets: $13,138,921
- Total Liabilities: $5,079,667
- Net Assets: $8,059,254
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TELEVISION RIGHTS
Revenue
$5,150,000
TICKET SALES
Revenue
$2,503,460
SPONSORSHIPS
Revenue
$2,123,800
MEMBERSHIPS
Revenue
$1,113,395
NOVELTIES AND PROGRAMS
Revenue
$158,622
Organization Details
Founding Year
1985
Phone
(813) 874-2695Principal Officer
James P Mcvay
Main Address
4211 WEST BOY SCOUT BLVD 560, TAMPA, FL, 33607
Website
www.reliaquestbowl.comNTEE Category
Code: N65 - Recreation
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