2025-11-05T11:06:16-06:00 2025-01-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-02-01 592643123 TAMPA BAY BOWL ASSOCIATION INC TAMP 8138742695 4211 WEST BOY SCOUT BLVD 560 TAMPA FL 33607 JAMES P MCVAY PRESIDENT/CEO 8138742695 2025-11-03 1 1 TINA HENTON P00630282 4078021200 2025-11-03 2024 2025-03-06 01:10:19Z RELIAQUEST BOWL JAMES P MCVAY 4211 WEST BOY SCOUT BLVD 560 TAMPA FL 33607 13459540 0 X WWW.RELIAQUESTBOWL.COM X 1985 FL POSTSEASON COLLEGE BOWL FOOTBALL GAME. PROCEEDS OF THE GAME BENEFIT THE PLAYING TEAMS' COLLEGES. 24 24 17 100 0 0 0 0 11070446 13032827 241213 263861 75853 162852 11387512 13459540 6588300 7160248 0 0 2336461 2466375 0 0 0 3536523 3626619 12461284 13253242 -1073772 206298 12264431 13131398 5278949 5939618 6985482 7191780 X TO CREATE AN ECONOMIC IMPACT IN THE TAMPA BAY AREA, POSITIVELY SHOWCASE THE COMMUNITY NATIONALLY AND INTERNATIONALLY, AND MANAGE AN EVENT THAT ADDS TO THE QUALITY OF LIFE IN OUR AREA WHILE MAKING A SIGNIFICANT (CONTINUED ON SCH O) FINANCIAL CONTRIBUTION TO NCAA MEMBER INSTITUTIONS AND PROVIDING A SAFE, EDUCATIONAL AND UNIQUE EXPERIENCE FOR THE STUDENT ATHLETES PARTICIPATING IN THE GAME. 0 0 10930173 6659448 13032827 THE RELIAQUEST BOWL IS A NEW YEAR'S EVE COLLEGE FOOTBALL GAME THAT PAYS SIGNIFICANT FEES TO NCAA PARTICIPATING SCHOOLS FOR THEIR APPEARANCE IN OUR NEW YEAR'S EVE GAME. THIS YEAR THE RELIAQUEST BOWL PAID A COMBINED $6,659,448.00 TO THE SEC AND BIG TEN CONFERENCES. THE RELIAQUEST BOWL HAS PAID APPROXIMATELY $183,000,000 OVER ITS BRIEF HISTORY TO NCAA MEMBER INSTITUTIONS. THE RELIAQUEST BOWL ASSUMES THE TREMENDOUS FINANCIAL RISK AND LIABILITY WITH ITS FINANCIAL GUARANTEES TO THE SCHOOLS. THE RELIAQUEST BOWL NOT ONLY GUARANTEES ENORMOUS AMOUNTS BUT ALSO PROVIDES HOSPITALITY, ENTERTAINMENT, AND GIFTS TO THE NCAA SCHOOLS AS A PART OF ITS COMMITMENT. SINCE ITS INCEPTION, THE BOWL HAS GENERATED AN ECONOMIC IMPACT OF OVER $1.2 BILLION FOR THE TAMPA BAY AREA COMMUNITY. 500800 500800 THE RELIAQUEST BOWL HAS CONTRIBUTED OVER $4,500,000 OVER THE YEARS TO LOCAL CHARITIES. THIS YEAR THE BOWL HAS CONTRIBUTED $500,800 TO 88 CHARITIES IN THE TAMPA BAY AREA. GOING FORWARD, THE RELIAQUEST BOWL HAS PLEDGED AN ADDITIONAL $500,000 THIS YEAR TO CHARITIES FROM OUR CHARITABLE GIVING INITIATIVE. 11430973 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X LINDA KARPOVICH 8138742695 4211 WEST BOY SCOUT BLVD 560 TAMPA FL 33607 GREG ORCHARD CHAIR/TREASURER 0.50 X X 0 0 0 GLENN FASANI VICE CHAIR 0.50 X X 0 0 0 CHERYL KLEIMAN VICE CHAIR HILLSBOROUGH 0.50 X X 0 0 0 MINDI RICHTER VICE CHAIR PINELLAS 0.50 X X 0 0 0 KYLE BURD SECRETARY 0.50 X X 0 0 0 JEFF ANTONACCIO MEMBER 0.25 X 0 0 0 TROY ATLAS MEMBER 0.25 X 0 0 0 JERRY BELL MEMBER 0.25 X 0 0 0 CATHY BELLATIN MEMBER 0.25 X 0 0 0 TODD BUCHANAN MEMBER 0.25 X 0 0 0 BILL CAMMARATA MEMBER 0.25 X 0 0 0 TRACIE DOMINO MEMBER 0.25 X 0 0 0 CHRISTOPHER GIBLIN MEMBER 0.25 X 0 0 0 THAMIR KADDOURI MEMBER 0.25 X 0 0 0 JULIE LEONARD MEMBER 0.25 X 0 0 0 ROBIN LESTER MEMBER 0.25 X 0 0 0 RITA LOWMAN MEMBER 0.25 X 0 0 0 TIM LOVE MEMBER 0.25 X 0 0 0 BILL MERCHANT MEMBER 0.25 X 0 0 0 STEVE PRATICO MEMBER 0.25 X 0 0 0 CHRIS ROEDERER MEMBER 0.25 X 0 0 0 KEVIN SMITH MEMBER 0.25 X 0 0 0 ROBERT STEPHENS MEMBER 0.25 X 0 0 0 TODD TIMMERMAN MEMBER 0.25 X 0 0 0 JAMES MCVAY PRESIDENT/CEO 40.00 X 900996 0 92447 MICHAEL SCHULZE DIRECTOR OF SPONSORSHIPS 40.00 X 264544 0 75243 LINDA KARPOVICH TICKET/BUSINESS MANAGER 40.00 X 266321 0 42938 REBECCA WEIGHTMAN EVENT COORDINATOR 40.00 X 210559 0 36873 BLAKE G GUTHRIE DIRECTOR OF COMMUNITY PARTNERSHIPS 40.00 X 187228 0 44418 1829648 0 291919 5 0 1 0 ELDER SPORTS MARKETING 1001 E CAMINO REAL 206N BOCA RATON FL 33432 TITLE SPONSORSHIP BROKER 150000 1 TELEVISION RIGHTS 900099 5550000 5550000 TICKET SALES 900099 3828220 3828220 SPONSORSHIPS 900099 2165530 2165530 MEMBERSHIPS 900099 1325735 1325735 NOVELTIES AND PROGRAMS 900099 163342 163342 13032827 263861 263861 MISCELLANEOUS INCOME 900099 120642 120642 PARKING 900099 42210 42210 162852 13459540 13032827 0 426713 7160248 7160248 994325 541698 452627 1166068 783448 382620 64880 42486 22394 146977 146977 94125 60096 34029 10220 10220 36803 36803 174356 21314 153042 225546 57289 168257 229630 58651 170979 37048 4529 32519 207176 31076 176100 109008 27252 81756 32518 4878 27640 73043 73043 GAME DAY EXPENSES 1094042 1094042 SOCIAL FUNCTIONS 1089806 1089806 AWARDS & GIFTS 307183 307183 BAD DEBT EXPENSES 240 240 13253242 11430973 1822269 0 41838 58892 11701988 10841769 343218 1802127 36838 42567 263038 153686 140549 109352 0 276691 12264431 13131398 453019 294944 4824030 5359986 1900 7600 0 277088 5278949 5939618 X 6985482 7191780 6985482 7191780 12264431 13131398 206298 0 X 0 1 X 1 0 X 6555007 11823567 11049277 11070446 13032827 53531124 6555007 11823567 11049277 11070446 13032827 53531124 49550 131180 42340 61830 46020 330920 5890716 7528165 6546730 6761810 6780810 33508231 5940266 7659345 6589070 6823640 6826830 33839151 19691973 106801 49997 48762 241213 263861 710634 106801 49997 48762 241213 263861 710634 6670 51498 611966 75853 162852 908839 6668478 11925062 11710005 11387512 13459540 55150597 0.35710 0.34140 0.01290 0.01070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 5,920. 2021 AMOUNT: $ 11,508. 2022 AMOUNT: $ 575,636. 2023 AMOUNT: $ 37,963. 2024 AMOUNT: $ 120,642. PARKING REVENUE - 2020 AMOUNT: $ 750. 2021 AMOUNT: $ 39,990. 2022 AMOUNT: $ 36,330. 2023 AMOUNT: $ 37,890. 2024 AMOUNT: $ 42,210. 263038 153686 109352 109352 OPERATING LEASE OBLIGATION 277088 277088 X 6862592 62500 62500 6800092 6659448 6659448 13459540 6656294 62500 62500 6593794 6659448 6659448 13253242 PART X, LINE 2: THE RELIAQUEST BOWL IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, THE RELIAQUEST BOWL IS SUBJECT TO TAXES ON ANY INCOME DEEMED TO BE UNRELATED BUSINESS INCOME FOR TAX PURPOSES. THERE WAS NO PROVISION FOR INCOME TAXES FOR THE YEARS ENDED JANUARY 31, 2025 AND 2024. THE RELIAQUEST BOWL HAS IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES AND MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS FOR WHICH EITHER RECOGNITION OR DISCLOSURE IS REQUIRED IN THE FINANCIAL STATEMENTS. THE RELIAQUEST BOWL'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE RELIAQUEST BOWL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE RELIAQUEST BOWL IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ALLOCATIONS TO PARTICIPATING TEAMS 6,659,448. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATIONS TO PARTICIPATING TEAMS 6,659,448. 1 BIG TEN CONFERENCE 5440 PARK PLACE ROSEMONT IL 60018 363640583 501(C)(3) 3404724 0 N/A N/A ALLOCATION OF GAME PROCEEDS SOUTHEASTERN CONFERENCE 2201 RICHARD ARRINGTON BLVD N BIRMINGHAM AL 35203 630377461 501(C)(3) 3254724 0 N/A N/A ALLOCATION OF GAME PROCEEDS BOYS & GIRLS CLUBS OF TAMPA BAY 1307 N MACDILL AVENUE TAMPA FL 33607 590624368 501(C)(3) 30000 0 N/A N/A GENERAL SUPPORT VOICES FOR CHILDREN 3314 HENDERSON BLVD SUITE 207 TAMPA FL 33609 592737702 501(C)(3) 20000 0 N/A N/A GENERAL SUPPORT WESLEY CHAPEL YOUTH HOCKEY FOUNDATION 29619 CHAPEL PARK DR WESLEY CHAPEL FL 33543 842842654 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT THE SKILLS CENTER 5470 E BUSCH BLVD 132 TEMPLE TERRACE FL 33617 260631467 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT UNIVERSITY OF TAMPA 401 W KENNEDY BLVD TAMPA FL 33606 590624459 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT WHEELCHAIR 4 KIDS 1976 S PINELLAS AVE TARPON SPRINGS FL 34689 451308941 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT HUMANE SOCIETY OF TAMPA BAY 3607 N ARMENIA AVE TAMPA FL 33607 590799907 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT TAMPA CITY BALLET 15365 AMBERLY DRIVE TAMPA FL 33647 260835490 501(C)(3) 15000 0 N/A N/A GENERAL SUPPORT STRAZ CENTER FOR THE PERFORMING ARTS 1010 NORTH MACINNES PLACE TAMPA FL 33602 592037085 501(C)(3) 11000 0 N/A N/A GENERAL SUPPORT CRISIS CENTER OF TAMPA BAY ONE CRISIS CENTER PLAZA TAMPA FL 33613 591785265 501(C)(3) 10000 0 N/A N/A GENERAL SUPPORT SOUTHEASTERN GUIDE DOGS 4210 77TH STREET EAST PALMETTO FL 34221 592252352 501(C)(3) 10000 0 N/A N/A GENERAL SUPPORT ST PAUL CATHOLIC SCHOOL 2609 PARK ST JACKSONVILLE FL 32204 593676357 501(C)(3) 10000 0 N/A N/A GENERAL SUPPORT TAMPA GENERAL HOSPITAL FOUNDATION 1 TAMPA GENERAL CIRCLE RM H-149 TAMPA FL 33606 237354477 501(C)(3) 10000 0 N/A N/A GENERAL SUPPORT THE ARC OF TAMPA BAY FOUNDATION 1501 N BELCHER RD STE 244 CLEARWATER FL 33765 592174961 501(C)(3) 10000 0 N/A N/A GENERAL SUPPORT MOTHER TERESA OF CALCUTTA 17524 LAKESHORE ROAD LUTZ FL 33558 205069457 501(C)(3) 8500 0 N/A N/A GENERAL SUPPORT DUNEDIN CARES FOOD PANTRY INC 1224 COUNTY ROAD 1 DUNEDIN FL 34698 472522602 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT JUNIOR ACHIEVEMENT OF TAMPA BAY 13707 N 22ND STREET TAMPA FL 33613 591098499 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT GREY BULL RESCUE FOUNDATION 3030N ROCKY POINT DRIVE W SUITE150 TAMPA FL 33607 993229728 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT TENNIS FOR FUN INC 609 SO SYLVAN DR BRANDON FL 33510 821030690 501(C)(3) 7000 0 N/A N/A GENERAL SUPPORT GULF COAST JFCS 14041 ICOT BLVD CLEARWATER FL 33760 591229354 501(C)(3) 7000 0 N/A N/A GENERAL SUPPORT HEELS TO HEELS 6015TH AVENUE N ST PETERSBURG FL 33701 271488133 501(C)(3) 6500 0 N/A N/A GENERAL SUPPORT THE CHILDREN'S DREAM FUND 1600 23RD AVE N SUITE410 ST PETERSBURG FL 33713 592145821 501(C)(3) 6500 0 N/A N/A GENERAL SUPPORT 24 0 PART I, LINE 2: THE RELIAQUEST BOWL NEGOTIATES PARTICIPATION FINANCIAL GUARANTEES TO THE UNIVERSITIES THAT PERFORM IN OUR GAME. THE DOLLAR AMOUNTS ARE NEGOTIATED THROUGH THE PARTICIPATING CONFERENCES AND ARE APPROVED THROUGH THE RELIAQUEST BOWL BOARD OF DIRECTORS. ALL PAYMENTS TO THE UNIVERSITIES AND OTHER ORGANIZATIONS ARE TREATED AS CHARITABLE CONTRIBUTIONS IN SUPPORT OF THOSE PROGRAMS AND THE USE OF THOSE CONTRIBUTIONS IS NOT MONITORED AFTER THE PAYMENTS ARE MADE. X X X X X X 0 0 0 1 0 0 0 0 0 JAMES MCVAY PRESIDENT/CEO 500000 0 346000 0 54996 0 27500 0 64947 0 993443 0 0 0 MICHAEL SCHULZE DIRECTOR OF SPONSORSHIPS 226083 0 15000 0 23461 0 18087 0 57156 0 339787 0 0 0 LINDA KARPOVICH TICKET/BUSINESS MANAGER 219167 0 15000 0 32154 0 18733 0 24205 0 309259 0 0 0 REBECCA WEIGHTMAN EVENT COORDINATOR 175250 0 15000 0 20309 0 15220 0 21653 0 247432 0 0 0 BLAKE G GUTHRIE DIRECTOR OF COMMUNITY PARTNERSHIPS 157333 0 15000 0 14895 0 12587 0 31831 0 231646 0 0 0 PART I, LINE 5 JAMES MCVAY, MICHAEL SCHULZE, AND BLAKE GUTHRIE EACH RECEIVE A PORTION OF THEIR INCOME FROM COMMISSIONS BASED ON A PERCENTAGE OF VARIOUS SALES DOLLARS THEY GENERATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF SUCH BOARD, AND MAY DELEGATE TO SUCH COMMITTEE ANY OF THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS, EXCEPT THE POWER TO ADOPT, AMEND, OR REPEAL THESE BY-LAWS. SUCH EXECUTIVE COMMITTEE SHALL BE NO LESS THAN FIVE (5) NOR MORE THAN FIFTEEN (15) DIRECTORS, AND SHALL INCLUDE (I) THE CHAIRMAN, THE VICE CHAIRMAN, THE AREA VICE CHAIRMEN, THE SECRETARY, AND THE TREASURER, AS EX OFFICIO MEMBERS; AND (II) THE REMAINING NUMBER AS AT-LARGE MEMBERS ELECTED FROM THE BOARD. NO PERSON MAY SERVE MORE THAN THREE (3) CONSECUTIVE ONE-YEAR TERMS AS AN AT-LARGE MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL ACT ONLY IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND SHALL BE SUBJECT AT ALL TIMES TO THE CONTROL OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE, WITH THE CONCURRENCE OF THE BOARD OF DIRECTORS, MAY EMPLOY ONE OR MORE SALARIED STAFF MEMBERS WHO SHALL BE RESPONSIBLE FOR THE DAY-TO-DAY ADMINISTRATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL BE SENT THE FORM 990 FOR REVIEW THROUGH A SECURE WEBSITE PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS AND STAFF OF THE RELIAQUEST BOWL SHALL BE SUBJECT TO THE CONFLICT OF INTEREST POLICY. ALL BOARD MEMBERS AND STAFF ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST AND THAT DISCLOSURE MUST BE PRESENTED TO THE BOARD OF DIRECTORS. THE RELIAQUEST BOWL CONFLICT OF INTEREST POLICY SPECIFICALLY STATES THAT CONFLICTED PARTIES MAY NOT PARTICIPATE IN ANY DELIBERATIONS AND OR DECISION MAKING FOR ITEMS IN WHICH A CONFLICT OF INTEREST HAS BEEN IDENTIFIED. THE BOARD OF DIRECTORS WILL MAKE THE FINAL DECISION IF THERE IS A QUESTION AS TO WHETHER THERE IS A CONFLICT OF INTEREST. THERE WILL BE AN ANNUAL CERTIFICATION PROCESS FOR ALL MEMBERS OF THE BOARD OF DIRECTORS AND STAFF AT THE ANNUAL MEETING. SIGNED COPIES OF THE BOWL CONFLICT OF INTEREST POLICY WILL BE REQUIRED FROM THE BOARD AND THE STAFF. A THOROUGH REVIEW OF ANY AND ALL POTENTIAL CONFLICTS OF INTEREST INVOLVING THE BOARD OR STAFF WILL BE PRESENTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO JANUARY 31, THE END OF THE RELIAQUEST BOWL'S FISCAL YEAR, THE RELIAQUEST BOWL PERSONNEL COMMITTEE MEETS TO REVIEW EVERY STAFF MEMBER INCLUDING THE PRESIDENT/CEO. DISCUSSION POINTS INCLUDE JOB PERFORMANCE, JOB DESCRIPTION AND RESPONSIBILITIES REVIEW, GOAL SETTING, ACCOMPLISHMENTS, COMPENSATION AND ANY MATTERS PERTAINING TO THE INDIVIDUAL EMPLOYMENT. THIS IS AN AREA OF GREAT CONCERN AND ATTENTION TO THE RELIAQUEST BOWL'S BOARD OF DIRECTORS. THIS IS A RESPONSIBILITY THE PERSONNEL COMMITTEE TAKES VERY SERIOUSLY. MANY RESOURCES, SUCH AS THE ERNST & YOUNG FOOTBALL BOWL ASSOCIATION COMPENSATION SURVEY, ARE UTILIZED TO AID THE PERSONNEL COMMITTEE WHILE PERFORMING THEIR RESPONSIBILITY. THE PERSONNEL COMMITTEE MAKES DECISIONS THAT IMPACT VERY VALUABLE ASSETS OF THE RELIAQUEST BOWL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTERST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.