Gator Bowl Sports Events Inc
Nonprofit profile at a glance
- EIN
- 464077493
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- Jacksonville, FL, USA
- Phone
- 9047981700
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $277,854
- Expenses
- $259,571
- Assets
- $803,815
- Liabilities
- $2,719,227
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- William G McGarity (PRESIDENT/CEO)
Highest reported compensation
- William G McGarity (PRESIDENT/CEO): $317,093 total reported compensation
- ROBERT E LEVEROCK (VP/CFO): $237,830 total reported compensation
- Katherine Cox (VP OF MARKETING): $165,051 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop, promote and manage world-class athletic competitions and supporting events that contribute to the motivation, education, and enjoyment of northeast Florida sports fans, increase national image and community pride, and stimulate and provide positive impact on the local economy.
What it reported doing in 2024
Gator bowl sports events, inc. (doing business as jacksonville sports council and as jaxsports) is a non-profit, membership organization established in partnership with the city ofjacksonville and gator bowl sports, inc. To serve as the mainframe for the growth and development of sporting events in northeast Florida. The mission of jaxsports is to enhance and positively impact the quality of life and community pride, along with generating economic impact and growth for northeast Florida through professional and amateur sports. Our values and goals reflect this mission. Hosted event this year was the Florida state/Florida baseball game at the baseball grounds of jacksonville.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 68
- Accountability: 100
- Sustainability: 48
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.4%; rating input score 93
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.6%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 3.1; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 3.38; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 23.5%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: -17% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -16.1% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 93.4% of revenue deployed · 100% of spending went to programs
- Governance: 30 of 30 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $260K in reported program spending
- Leadership: top reported pay $317K · 33 people listed · 0 of 6 pay-setting controls reported
- Consistency: 21 of 21 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 16/100.