2023-11-13T14:02:47-06:00 2023-03-31 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-04-01 462059715 CHARLOTTE SPORTS FOUNDATION CHAR 7046444047 4250 CONGRESS STREET 900 CHARLOTTE NC 28209 DANNY MORRISON EXECUTIVE DIRECTOR 7046444047 2023-11-13 1 DANNY MORRISON 999009999 0 AMY BIBBY P00445891 8282542254 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANNY MORRISON 4250 CONGRESS STREET 900 CHARLOTTE NC 28209 18481910 0 X WWW.CHARLOTTESPORTS.ORG X 2013 NC THE CHARLOTTE SPORTS FOUNDATION IS A NON-PROFIT, 501(C)(3) ORGANIZATION CREATED IN 2013 TO PROVIDE LEADERSHIP FOR SPORTS-BASED INITIATIVES THAT ENHANCE THE ECONOMY AND QUALITY OF LIFE IN THE CHARLOTTE REGION. WE PROVIDE UNIQUE EVENTS AND BUSINESS OPPORTUNITIES AROUND PROFESSIONAL, COLLEGIATE AND AMATEUR SPORTING EVENTS. OUR EFFORTS ARE INTENDED TO CREATE A POSITIVE ECONOMIC IMPACT IN THE REGION AS WELL AS TO ENHANCE THE QUALITY OF LIFE. 37 35 8 130 0 0 2865415 7189403 20239038 10832508 11425 143932 103105 316067 23218983 18481910 19480178 10363730 0 0 1494374 1524805 0 0 133662 4365127 4176306 25339679 16064841 -2120696 2417069 17242160 17953915 2157151 571579 15085009 17382336 X THE CHARLOTTE SPORTS FOUNDATION IS A NON-PROFIT, 501(C)(3) ORGANIZATION CREATED IN 2013 TO PROVIDE LEADERSHIP FOR SPORTS-BASED INITIATIVES THAT ENHANCE THE ECONOMY AND QUALITY OF LIFE IN THE CHARLOTTE REGION. WE PROVIDE UNIQUE EVENTS AND BUSINESS OPPORTUNITIES AROUND PROFESSIONAL, COLLEGIATE AND AMATEUR SPORTING EVENTS. OUR EFFORTS ARE INTENDED TO CREATE A POSITIVE ECONOMIC IMPACT IN THE REGION AS WELL AS TO ENHANCE THE QUALITY OF LIFE. 0 0 7653463 5050000 873650 THE POST-SEASON COLLEGE FOOTBALL BOWL GAME IS GENERALLY PRESENTED IN DECEMBER OF EACH YEAR AND IS SPONSORED BY A PRIMARY OR TITLE SPONSOR. DUKE'S MAYONNAISE WAS THE TITLE SPONSOR FOR THE 2022 EVENT, AND THE GAME WAS NAMED THE DUKE'S MAYO BOWL AND HELD ON DECEMBER 30, 2022 AT THE BANK OF AMERICA STADIUM IN CHARLOTTE, NORTH CAROLINA. THE PARTICIPATING TEAMS IN THE 2022 EVENT WERE NORTH CAROLINA STATE UNIVERSITY AND THE UNIVERSITY OF MARYLAND. 1574608 5449591 CHARLOTTE SPORTS FOUNDATION SERVES AS THE LOCAL COMMITTEE FOR THE ATLANTIC COAST CONFERENCE FOOTBALL CHAMPIONSHIP GAME. THE GAME WAS HELD DECEMBER 3, 2022 IN CHARLOTTE, NORTH CAROLINA. THE PARTICIPATING TEAMS IN THE 2022 EVENT WERE CLEMSON UNIVERSITY AND THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 5411037 5313730 4509267 CHARLOTTE SPORTS EVENTS OPERATES SPORTS RELATED EVENTS IN CHARLOTTE METRO AREA DESIGNED AS CIVIC PROMOTIONS AND TO RAISE FUNDS FOR VARIOUS CHARITABLE CAUSES.DURING THE FISCAL YEAR, CHARLOTTE SPORTS EVENTS HELD AN OPENING WEEKEND COLLEGE FOOTBALL GAME SPONSORED BY A PRIMARY OR TITLE SPONSOR. DUKE'S MAYONNAISE WAS THE TITLE SPONSOR FOR THE 2022 EVENT. THE GAME WAS NAMED THE DUKE'S MAYO CLASSIC AND HELD ON SEPTEMBER 3: - NORTH CAROLINA CENTRAL AND NORTH CAROLINA A&T STATE UNIVERSITY WERE THE PARTICIPATING TEAMS AT THE BANK OF AMERICA STADIUM IN CHARLOTTE, NORTH CAROLINA ON SEPTEMBER 3, 2022.DURING THE FISCAL YEAR, CHARLOTTE SPORTS EVENTS HELD THE JUMPMAN INVITATIONAL SANCTIONED BY THE NCAA. THE 2022 JUMPMAN EVENT WAS HELD ON DECEMBER 20, 2022 IN CHARLOTTE, NORTH CAROLINA. - UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, UNIVERSITY OF MICHIGAN, UNIVERSITY OF OKLAHOMA, AND THE UNIVERSITY OF FLORIDA WERE THE PARTICIPATING TEAMS. 14639108 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 40 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 35 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELLIOTT DAVIS 7043338881 500 E MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 DANNY MORRISON EXECUTIVE DIRECTOR 40.00 X X 381068 0 42730 JOHNNY HARRIS CO-CHAIR OF THE BOARD 40.00 X X 0 0 0 ANDREA SMITH CO-CHAIR OF THE BOARD 2.00 X X 0 0 0 STEVE LUQUIRE VICE PRESIDENT 2.00 X X 0 0 0 STEVE YOUNG TREASURER/SECRETARY 2.00 X X 0 0 0 KALEAH RODGERS ASSISTANT SECRETARY 2.00 X X 0 0 0 FRANCISCO ALVARADO BOARD MEMBER 2.00 X 0 0 0 JEFF BROWN BOARD MEMBER 2.00 X 0 0 0 HEATH CAMPBELL BOARD MEMBER 2.00 X 0 0 0 CHRIS CLUNIE BOARD MEMBER 2.00 X 0 0 0 KIETH COCKRELL BOARD MEMBER 2.00 X 0 0 0 MALCOMB COLEY BOARD MEMBER 2.00 X 0 0 0 JESSE CURETON BOARD MEMBER 2.00 X 0 0 0 THOMAS DAVIS BOARD MEMBER 2.00 X 0 0 0 DENA DIORIO BOARD MEMBER 2.00 X 0 0 0 SHELDON FRANCIS BOARD MEMBER 2.00 X 0 0 0 JOHN GIANNUZZI BOARD MEMBER 2.00 X 0 0 0 MIKE HILL BOARD MEMBER 2.00 X 0 0 0 MARCUS JONES BOARD MEMBER 2.00 X 0 0 0 LUKE KISSAM BOARD MEMBER 2.00 X 0 0 0 LUKE KUECHLY BOARD MEMBER 2.00 X 0 0 0 JANET LABAR BOARD MEMBER 2.00 X 0 0 0 CAROL LOVIN BOARD MEMBER 2.00 X 0 0 0 TOM MURRAY BOARD MEMBER 2.00 X 0 0 0 DANTE PARRINI BOARD MEMBER 2.00 X 0 0 0 JON POLLACK BOARD MEMBER 2.00 X 0 0 0 JIMMY RAYBURN BOARD MEMBER 2.00 X 0 0 0 PATRICIA RODGERS BOARD MEMBER 2.00 X 0 0 0 MARK SCHULER BOARD MEMBER 2.00 X 0 0 0 MARCUS SMITH BOARD MEMBER 2.00 X 0 0 0 MICHAEL SMITH BOARD MEMBER 2.00 X 0 0 0 RON SMITH BOARD MEMBER 2.00 X 0 0 0 NICOLE TEPPER BOARD MEMBER 2.00 X 0 0 0 WILL WEBB BOARD MEMBER 2.00 X 0 0 0 ED WEISIGER JR BOARD MEMBER 2.00 X 0 0 0 FRED WHITFIELD BOARD MEMBER 2.00 X 0 0 0 DERICK CLOSE BOARD MEMBER 2.00 X 0 0 0 WILLIAM PITTS CHIEF OPERATING OFFICER 40.00 X 222437 0 31898 603505 0 74628 2 0 1 0 LUQUIRE 1515 MOCKINGBIRD LN SUITE 7152 CHARLOTTE NC 28209 MARKETING 192229 1 1075000 6114403 7189403 TICKET SALES 711210 9307508 9307508 BOWL RIGHTS FEES 711210 1475000 1475000 EVENTS 900099 50000 50000 10832508 143932 143932 MISCELLANEOUS REVENUE 900099 225856 225856 ERC REVENUE 900099 90211 90211 316067 18481910 10832508 0 459999 10363730 10363730 678134 216171 415339 46624 528705 218291 284628 25786 41126 14805 23853 2468 154785 55723 89775 9287 122055 43940 70792 7323 47370 26771 18668 1931 406737 229864 160291 16582 476768 476768 150270 54097 87157 9016 23424 8433 13586 1405 1251138 1251138 137146 137146 167929 60454 97399 10076 236316 207173 26411 2732 MISCELLANEOUS 709837 706765 2784 288 EVENTS 455877 454651 1111 115 TICKETING 113494 113188 277 29 16064841 14639108 1292071 133662 5189030 968557 1955715 4578121 9774465 10945416 263783 828301 46312 75925 370585 362681 12855 7904 459480 0 90211 17242160 17953915 2071649 320750 50000 250829 35502 0 2157151 571579 X 5310544 6436921 9774465 10945415 15085009 17382336 17242160 17953915 2417069 -119742 0 X X 0 1 X 1 0 X 1483378 2160837 14390211 2865415 7189403 28089244 1483378 2160837 14390211 2865415 7189403 28089244 1070813 27018431 4000 7734 867 11425 143932 167958 128643 200144 44388 103105 225856 702136 28959338 64195227 0.93300 0.94880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 370585 362681 7904 7904 X 19464410 982500 982500 18481910 0 18481910 17167083 982500 119742 1102242 16064841 0 16064841 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF MARCH 31, 2023 AND 2022. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS RECORDED IN EXPENSES 119,742. 1 NORTH CAROLINA A&T STATE UNIVERSITY 1601 E MARKET ST GREENSBORO NC 27401 566000007 GOVERNMENT 493318 0 TEAM PARTICIPATION NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 GOVERNMENT 739978 0 TEAM PARTICIPATION 100 BLACK MEN OF GREATER CHARLOTTE INC 740 W 5TH ST SUITE 206 CHARLOTTE NC 28202 561795371 501(C)(3) 154162 0 TEAM PARTICIPATION UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 104 AIRPORT DRIVE CB 1270 CHAPEL HILL NC 27599 566001393 GOVERNMENT 300000 0 TEAM PARTICIPATION MARYLAND UNIVERSITY 7809 REGENTS DRIVE COLLEGE PARK MD 207425141 566002033 GOVERNMENT 2450000 0 TEAM PARTICIPATION NORTH CAROLINA STATE UNIVERSITY 2601 WOLF VILLAGE WAY SUITE 240 RALEIGH NC 276957514 566000756 GOVERNMENT 2600000 0 TEAM PARTICIPATION MICHIGAN UNIVERSITY 1109 GEDDES AVE SUITE 3300 ANN ARBOR MI 481091079 386006309 GOVERNMENT 300000 0 TEAM PARTICIPATION UNIVERSITY OF FLORIDA 207 GRINTER HALL GAINESVILLE FL 326115500 566002052 GOVERNMENT 300000 0 TEAM PARTICIPATION UNIVERSITY OF OKLAHOMA 865 RESEARCH PARKWAY SUITE 530 OKLAHOMA CITY OK 731043609 731563627 GOVERNMENT 300000 0 TEAM PARTICIPATION ATLANTIC COAST CONFERENCE 4512 WEYBRIDGE LANE GREENSBORO NC 27407 560599082 501(C)(3) 2212288 0 TEAM PARTICIPATION 10 0 PART I, LINE 2: THE ORGANIZATION PROVIDED SUPPORT AS PART OF ITS EXEMPT PURPOSE. THE USE OF THE FUNDS WAS MONITORED BY COMMON MANAGEMENT OVERSIGHT. X X 0 0 0 0 0 0 0 0 0 DANNY MORRISON EXECUTIVE DIRECTOR 381068 0 0 0 0 0 0 0 42730 0 423798 0 0 0 WILLIAM PITTS CHIEF OPERATING OFFICER 222437 0 0 0 0 0 0 0 31898 0 254335 0 0 0 LUQUIRE LUQUIRE IS MORE THAN 35% OWNED BY STEVE LUQUIRE, A BOARD MEMBER 192229 MARKETING SERVICES 0 FORM 990, PART VI, SECTION A, LINE 1A THE CHAIRMAN OF THE BOARD MAY DESIGNATE NOT LESS THAN TWO (2) AND NOT MORE THAN NINE (9) ADDITIONAL DIRECTORS (ONE OF WHICH SHALL BE THE VICE CHAIRMAN OF THE BOARD) TO CONSTITUTE AN EXECUTIVE COMMITTEE, WHICH COMMITTEE, TO THE EXTENT PROVIDED IN SUCH ACTION, SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE EXTENT PERMITTED BY APPLICABLE LAW, SUBJECT TO THE LIMITATIONS SET FORTH IN SECTION 10 OF THIS ARTICLE. THE CHAIRMAN OF THE BOARD SHALL SERVE AS THE CHAIRMAN OF THE EXECUTIVE COMMITTEE. THE VICE CHAIRMAN OF THE BOARD SHALL SERVE ON THE EXECUTIVE COMMITTEE AND SHALL SERVE AS THE CHAIRMAN OF THE EXECUTIVE COMMITTEE IN THE CHAIRMAN OF THE BOARD'S ABSENCE. THE EXECUTIVE COMMITTEE SHALL OVERSEE THE INVESTMENTS OF THE CORPORATION, REPORT TO THE FULL BOARD ON THE STATUS OF THESE INVESTMENTS AT LEAST ANNUALLY, MAKE DECISIONS REGARDING ANNUAL MEETING OF THE BOARD OF DIRECTORS A SLATE OF DIRECTORS ADEQUATE TO MAINTAIN THE INTEGRITY AND OPERATIONS OF THE CORPORATION, TAKE ALL ACTIONS ON BEHALF OF THE FULL BOARD AS PERMITTED BY APPLICABLE LAW, AND REPORT TO THE FULL BOARD ON ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE NO LATER THAN AT THE NEXT MEETING OF THE BOARD FOLLOWING SUCH ACTION FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USE TRINET SOI AS A MANAGEMENT COMPANY. TRINET SOI PROVIDES HUMAN RESOURCE SERVICES TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN WAS REVIEWED BY THE FINANCE MANAGER AND EXECUTIVE DIRECTOR AND DISTRIBUTED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WERE GIVEN TIME TO REVIEW, DISCUSS, AND COMMENT PRIOR TO THE FORM BEING ELECTRONICALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL POLICIES AND REVIEWED ANNUALLY WITH ALL EMPLOYEES AND ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS RECOMMENDED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF ALL OTHER EMPLOYEES IS RECOMMENDED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THE APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 18 ALSO, RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. CHARLOTTE COLLEGIATE FOOTBALL II LLC 1447 S TRYON STREET STE 300 CHARLOTTE NC 28203 ORGANIZATION OF COLLEGIATE TOURNAMENTS NC 2714800 382467 CHARLOTTE SPORTS FOUNDATION CHARLOTTE COLLEGIATE FOOTBALL BOWL II LLC 1447 S TRYON STREET STE 300 CHARLOTTE NC 28203 ORGANIZATION OF COLLEGIATE TOURNAMENTS NC 8138403 9884551 CHARLOTTE SPORTS FOUNDATION CHARLOTTE SPORTS EVENTS LLC 1447 S TRYON STREET STE 300 CHARLOTTE NC 28203 ORGANIZATION OF COLLEGIATE TOURNAMENTS NC 7045104 1730467 CHARLOTTE SPORTS FOUNDATION