Civic Intelligence

Gator Bowl Sports Events Inc

EIN 46-4077493 • 501(c)3 • Jacksonville, FL

Profile

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.

One Gator Bowl BoulevardJacksonville, FL 32202

www.jaxsports.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

3.38x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

9.79x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

55th percentile

6.6%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

98th percentile

$317,093

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 114.1% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

86th percentile

44%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$803,815

Up $246,865 (+44%) from 2024

Liabilities

Up

$2,719,227

Up $228,582 (+9.2%) from 2024

Net Assets

Up

-$1,915,412

Up $18,283 (+0.9%) from 2024

Revenue

Down

$277,854

Down $268,716 (-49%) from 2024

Expenses

Down

$259,571

Down $211,486 (-45%) from 2024

Net Income

Down

$18,283

Down $57,230 (-76%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2015: $1,000Liabilities 2015: $460,047Net Assets 2015: -$459,0472015Assets 2016: $305,533Liabilities 2016: $1,110,551Net Assets 2016: -$805,0182016Assets 2017: $149,084Liabilities 2017: $1,050,350Net Assets 2017: -$901,2662017Assets 2018: $128,848Liabilities 2018: $1,479,098Net Assets 2018: -$1,350,2502018Assets 2019: $128,200Liabilities 2019: $2,008,370Net Assets 2019: -$1,880,1702019Assets 2020: $88,470Liabilities 2020: $2,087,325Net Assets 2020: -$1,998,8552020Assets 2021: $563Liabilities 2021: $2,000,102Net Assets 2021: -$1,999,5392021Assets 2022: $78,601Liabilities 2022: $2,034,362Net Assets 2022: -$1,955,7612022Assets 2023: $9,935Liabilities 2023: $2,019,143Net Assets 2023: -$2,009,2082023Assets 2024: $556,950Liabilities 2024: $2,490,645Net Assets 2024: -$1,933,6952024Assets 2025: $803,815Liabilities 2025: $2,719,227Net Assets 2025: -$1,915,4122025

Highlighted filing

2025

Assets$803,815
Liabilities$2,719,227
Net Assets-$1,915,412

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $619,355Expenses 2015: $1,078,402Net Income 2015: -$459,0472015Revenue 2016: $1,301,175Expenses 2016: $1,647,146Net Income 2016: -$345,9712016Revenue 2017: $701,882Expenses 2017: $798,130Net Income 2017: -$96,2482017Revenue 2018: $615,973Expenses 2018: $1,064,957Net Income 2018: -$448,9842018Revenue 2019: $658,985Expenses 2019: $1,188,905Net Income 2019: -$529,9202019Revenue 2020: $126,810Expenses 2020: $245,495Net Income 2020: -$118,6852020Revenue 2021: $0Expenses 2021: $684Net Income 2021: -$6842021Revenue 2022: $247,268Expenses 2022: $203,490Net Income 2022: $43,7782022Revenue 2023: $0Expenses 2023: $53,447Net Income 2023: -$53,4472023Revenue 2024: $546,570Expenses 2024: $471,057Net Income 2024: $75,5132024Revenue 2025: $277,854Expenses 2025: $259,571Net Income 2025: $18,2832025

Highlighted filing

2025

Revenue$277,854
Expenses$259,571
Net Income$18,283

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Jan 26, 2026
Return Version
2024v5.2
Gross Receipts
$277,854
Mission and Program 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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$74,094$60,079▼ $14,015
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$556,950$803,815▲ $246,865
Other Assets Total$482,856$743,736▲ $260,880
Liabilities
Other Liabilities$2,484,287$2,712,989▲ $228,702
Accounts Payable and Accrued Expenses$6,358$6,238▼ $120
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,490,645$2,719,227▲ $228,582
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-1,933,695$-1,915,412▲ $18,283
Total Net Assets Fund Balance$-1,933,695$-1,915,412▲ $18,283
Total Liabilities and Net Assets / Fund Balance$556,950$803,815▲ $246,865

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$743,736--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andy KingChairman
Alan WorleyImmediate Past Chairman
Andy CheneyPast Chairman
Andy PradellaPast Chairman
Bob SmithPast Chairman
Brian GoinPast Chairman
Carl CannonPast Chairman
Charles HughesPast Chairman
Chris VerlanderPast Chairman
David BoreePast Chairman
David LongPast Chairman
Fred FranklinPast Chairman
Heather DuncanPast Chairman
Henry BeckwithPast Chairman
Jamie SheltonPast Chairman
Jim MccollumPast Chairman
Leerie JenkinsPast Chairman
Mike HartleyPast Chairman
Nelson BradshawPast Chairman
Rich ThompsonPast Chairman
Scott KeithPast Chairman
Scott MccalebPast Chairman
Steve TremelPast Chairman
Susan HamiltonPast Chairman
Victor JacksonPast Chairman
Vince MccormackPast Chairman
Wilford LyonPast Chairman
William G McGarityPresident/CEO
Dan MurphyCo-treasurer
Greg SmithCo-treasurer
John DuceSecretary
Katherine CoxVP of Marketing
Robert E LeverockVP/CFO

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$277,854
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$18,283

Audited Revenue Reconciliation

Revenue per Audited Statements
$277,854
Total Revenue per Audited Statements
$277,854
Total Revenue per Form 990
$277,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$110,000
Other Expenses$107,367
Salaries, Compensation, and Employee Benefits$42,204
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$110,000--$110,000
Other Salaries and Wages$42,204--$42,204
All Other Expenses$22,546--$22,546
Occupancy$16,001--$16,001
Advertising$1,803--$1,803
Other Expenses$138--$138
Total Functional Expenses$259,571$0$0$259,571

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$259,571
Total Expenses per Audited Statements$259,571
Total Expenses per Form 990$259,571
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Florida State UniversityTallahassee, FL501(c)(3)Team Payout$55,000
University Athletic AssocationGainesville, FL501(c)(3)Team Payout$55,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$2,712,989
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the chief financial officer. It is then provided to the audit and finance committee and to the board of trustees for review at their quarterly meeting.

Form 990, Part VI, Section B, Line 15

Compensation is reviewed and approved annually as part of the budget process. The bowl peer groups are used as the benchmark for the evaluation in determining any necessary adjustments to compensation of all employees.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request to the organization at 1 gator bowl blvd, jacksonville, fl 32202.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy. Annual disclosure for officers, directors, and employees is obtained in writing prior to the beginning of each fiscal year. Collection and maintenance of the disclosures are managed by the vice president and a file kept for each year.

Filing and Contact Details

Filer

Filer Name
Gator Bowl Sports Events Inc
EIN
46-4077493
In Care Of
% WILLIAM G MCGARITY
Phone
9047981700
Address
One Gator Bowl Boulevard, Jacksonville, FL 32202

Signing Officer

Name
William G Mcgarity
Title
President/CEO
Phone
9047981700
Signed
2026-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William G Mcgarity
Formed
2013
Legal Domicile
Fl
Voting Board Members
30
Independent Board Members
30
Employees
0
Volunteers
2

Preparer

Firm
Bdo USA
Address
1301 Riverplace Blvd Ste 900, Jacksonville, FL 32207
Preparer
William R Morrow Jr
Phone
9043964015
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Gator bowl sports events, inc., a not-for-profit, wholly owned subsidiary of gator bowl sports, inc. Was formed on november 4, 2013 and is doing business as jacksonville sports council. The purpose of jacksonville sports council is to promote sporting events and athletic events in northeast florida; provide northeast florida with athletic and related activities in order to maximize positive impact on the area economy, national image and community pride; encourage support, participation and interaction among government, business and the general public to support and promote sporting events and athletic events within northeast florida; and initiate, stimulate and improve intercollegiate athletic programs for student-athletes and to promote and develop educational leadership, physical fitness, athletics excellence and athletics participation as a recreational pursuit; organize public exhibitions of sporting events and athletic events within northeast florida; cooperate with other amateur athletics organizations in promoting and conducting national and international athletics events; and promote and support community youth athletic activities and events. Jacksonville sports council receives revenues from grants and the general public through event sales and contributions.

Form 990, Part XII, Line 2C

There have been no changes since the prior year.

Financial Statement Notes

Schedule D, Part X, Line 2

Gator bowl sports events, inc. Qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, has no provision for income taxes. Authoritative guidance requires the organization to evaluate its tax position for any uncertainties based on the technical merits of the position taken. The organization recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the position will be upheld on examination by taxing authorities. Management is required to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions, including federal and certain state taxing authorities. At march 31, 2025, the organization is no longer subject to u.s. Federal, state and local, or non u.s. Income tax examinations by taxing authorities for years before 2022. As of and for the years ended march 31, 2025 and 2024, the organization did not have a liability for any unrecognized taxes. The organization has no examinations in progress and is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax liabilities will significantly change in the next twelve months.

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