Civic Intelligence

Alabama Sports Foundation Inc

EIN 63-0722116 • 501(c)3 • Hoover, AL

Profile

Promotion of international and intercollegiate amateur sports competition in alabama.

100 Ben Chapman DriveHoover, AL 35244

n/A

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.02x

Higher debt load relative to assets than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

1st percentile

-0.10x

Higher debt load relative to revenue than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-3.2%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-28%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,013,102

Down $33,349 (-3.2%) from 2019

Liabilities

Down

-$24,711

Down $9,740 (-65%) from 2019

Net Assets

Down

$1,037,813

Down $23,609 (-2.2%) from 2019

Revenue

Down

$251,327

Down $95,885 (-28%) from 2019

Expenses

Down

$306,117

Down $161,208 (-34%) from 2019

Net Income

Up

-$54,790

Up $65,323 (+54%) from 2019

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $3,015,342Liabilities 2010: $930,087Net Assets 2010: $2,085,2552010Assets 2011: $2,899,436Liabilities 2011: $1,178,904Net Assets 2011: $1,720,5322011Assets 2012: $3,231,782Liabilities 2012: $1,671,739Net Assets 2012: $1,560,0432012Assets 2013: $2,604,868Liabilities 2013: $991,559Net Assets 2013: $1,613,3092013Assets 2014: $2,254,271Liabilities 2014: $757,166Net Assets 2014: $1,497,1052014Assets 2015: $1,910,417Liabilities 2015: $657,226Net Assets 2015: $1,253,1912015Assets 2016: $1,180,462Liabilities 2016: $76,974Net Assets 2016: $1,103,4882016Assets 2017: $1,144,445Liabilities 2017: $62,996Net Assets 2017: $1,081,4492017Assets 2018: $988,380Liabilities 2018: $62,896Net Assets 2018: $925,4842018Assets 2019: $1,046,451Liabilities 2019: -$14,971Net Assets 2019: $1,061,4222019Assets 2020: $1,013,102Liabilities 2020: -$24,711Net Assets 2020: $1,037,8132020

Highlighted filing

2020

Assets$1,013,102
Liabilities-$24,711
Net Assets$1,037,813

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,590,7252010Expenses 2011: $4,674,9532011Expenses 2012: $4,469,0252012Revenue 2013: $4,123,877Expenses 2013: $4,192,869Net Income 2013: -$68,9922013Revenue 2014: $4,135,956Expenses 2014: $4,309,352Net Income 2014: -$173,3962014Revenue 2015: $4,722,741Expenses 2015: $4,909,420Net Income 2015: -$186,6792015Revenue 2016: $577,516Expenses 2016: $679,107Net Income 2016: -$101,5912016Revenue 2017: $64,518Expenses 2017: $144,407Net Income 2017: -$79,8892017Revenue 2018: $52,480Expenses 2018: $124,388Net Income 2018: -$71,9082018Revenue 2019: $347,212Expenses 2019: $467,325Net Income 2019: -$120,1132019Revenue 2020: $251,327Expenses 2020: $306,117Net Income 2020: -$54,7902020

Highlighted filing

2020

Revenue$251,327
Expenses$306,117
Net Income-$54,790

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 6, 2021
Return Version
2020v4.1
Gross Receipts
$436,954
Mission and Program Overview

Mission

Promotion of international and intercollegiate amateur sports competition in alabama.

Alabama sports foundation exists to optimize the athlete experience through performance, education, innovation, and implementation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$587,442$570,274▼ $17,168
Investments in Publicly Traded Securities$445,077$394,486▼ $50,591
Cash and Non-Interest-Bearing Accounts$1,987$36,397▲ $34,410
Accounts Receivable$11,945$11,945→ $0
Total Assets$1,046,451$1,013,102▼ $33,349
Liabilities
Other Liabilities$-127$-127→ $0
Accounts Payable and Accrued Expenses$-14,844$-24,584▼ $9,740
Total Liabilities$-14,971$-24,711▼ $9,740
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,061,422$1,037,813▼ $23,609
Total Net Assets Fund Balance$1,061,422$1,037,813▼ $23,609
Total Liabilities and Net Assets / Fund Balance$1,046,451$1,013,102▼ $33,349

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$566,527$29,951-
Equipment$3,747$122,671-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lawrence J LemakChairman/president
Craig FordExecutive Committee
Jim LoweryExecutive Committee
Dr Jack SchaefferMember
Elizabeth Kennedy LawlorMember
Grant LynchMember
Jack DarnallMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$202,155
Investment Income
$18,728
Other Revenue
$30,444
Change in Net Assets
$-54,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,644
Salaries, Compensation, and Employee Benefits$123,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$123,473-$123,473
Occupancy-$49,663-$49,663
Advertising-$35,237-$35,237
Fees for Services Other-$20,410-$20,410
Insurance-$18,475-$18,475
Depreciation Depletion-$17,168-$17,168
Office Expenses-$11,094-$11,094
Fees for Service Investment Mgmnt Fees-$5,000-$5,000
Other Expenses-$1,000-$1,000
Travel-$768-$768
Fees for Services Accounting-$580-$580
Total Functional Expenses$0$306,117$0$306,117
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$109,746
Fundraising Direct Expenses$79,302
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Accrued Expenses$-127
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The final form 990 of alabama sports foundation, inc. Is provided to the board of directors prior to filing.

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

Alabama sports foundation, inc. Requires each director, principal officer, and member of a committee with governing board delegated powers to annually sign a statement which affirms that such person: (a) has received a copy of the conflicts of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands that the company is charitable and in order to maintain its federal tax exemption status, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition, alabama sports foundation, inc. Performs a periodic review which, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits are reasonable based on competent survey information, and the result of arms's length bargaining, (b) whether partnerships, joint ventures, and arrangements with management organizations conform to alabama sports foundation, inc.'s written policies, and (c) whether or not such information is properly recorded, reflects reasonable investments or payments for goods and services, continues to further charitable purposes, and does not result in impermissable private benefit.

Form 990, Part VI, Section C, Line 19

Alabama sports foundation, inc.'s form 990 is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Alabama Sports Foundation Inc
EIN
63-0722116
Phone
2052166865
Address
100 BEN CHAPMAN DRIVE, HOOVER, AL 35244

Signing Officer

Name
Larry Lemak
Title
Director
Phone
2053278313
Signed
2021-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Berkley Squires
Formed
1996
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
0

Preparer

Firm
Tidwell Group LLC
Address
3595 GRANDVIEW PARKWAY STE 500, BIRMINGHAM, AL 35243
Preparer
Joel T Mcdowell
Phone
2058221010
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0449327
IRS990ScheduleA/Total509Grp/TotalAmt0496073
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt052480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt064518
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER ACCRUED EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINAL FORM 990 OF ALABAMA SPORTS FOUNDATION, INC. IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALABAMA SPORTS FOUNDATION, INC. REQUIRES EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE COMPANY IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION STATUS, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN ADDITION, ALABAMA SPORTS FOUNDATION, INC. PERFORMS A PERIODIC REVIEW WHICH, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARMS'S LENGTH BARGAINING, (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO ALABAMA SPORTS FOUNDATION, INC.'S WRITTEN POLICIES, AND (C) WHETHER OR NOT SUCH INFORMATION IS PROPERLY RECORDED, REFLECTS REASONABLE INVESTMENTS OR PAYMENTS FOR GOODS AND SERVICES, CONTINUES TO FURTHER CHARITABLE PURPOSES, AND DOES NOT RESULT IN IMPERMISSABLE PRIVATE BENEFIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALABAMA SPORTS FOUNDATION, INC.'S FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/ZIPCd035244
IRS990/VotingMembersGoverningBodyCnt07
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/PhoneNum02052166865
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIDWELL GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03595 GRANDVIEW PARKWAY STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035243
ReturnHeader/PreparerPersonGrp/PhoneNum02058221010
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEL T MCDOWELL
ReturnHeader/ReturnTs02021-12-16T09:47:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LARRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEMAK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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