2025-12-04T11:49:38-06:00 2025-03-31 882730877 CHERRY BEKAERT ADVISORY LLC 222 SECOND AVE SOUTH STE 1240 NASHVILLE TN 37201 990 2024-04-01 621720086 MUSIC CITY BOWL INC MUSI 6157433130 220 ATHENS WAY STE 205 NASHVILLE TN 37228 SCOTT A MCGILBERRY CHIEF FINANCIAL OFFICER 6157433130 2025-12-03 1 1 LAUREN MOSES P02156583 6153836592 2024 2025-03-06 01:10:19Z SCOTT RAMSEY 220 ATHENS WAY STE 205 NASHVILLE TN 37228 8968853 0 X WWW.MUSICCITYBOWL.COM X 1997 TN TO PRODUCE A POST-SEASON COLLEGIATE FOOTBALL GAME TO STIMULATE A POSITIVE IMPACT ON THE NASHVILLE ECONOMY, NATIONAL IMAGE, AND COMMUNITY PRIDE WHILE SHOWCASING THE CITY AS A PREMIER DESTINATION WITH AUDIENCES THROUGHOUT THE COUNTRY. 25 25 0 45 521150 0 65448 502 16917610 8906230 94040 62121 0 0 17077098 8968853 0 0 0 0 780681 890921 0 0 200296 16571255 8319585 17351936 9210506 -274838 -241653 3446791 4958098 522843 2275803 2923948 2682295 X THE MUSIC CITY BOWL AND THE EVENTS AROUND IT DELIVER AN EXCEPTIONAL ENTERTAINMENT EXPERIENCE FOR VISITORS, LOCAL FANS, STUDENT-ATHLETES, CONFERENCE PARTNERS, SPONSORS, VOLUNTEERS AND THE NASHVILLE COMMUNITY. THIS POST-SEASON COLLEGIATE FOOTBALL GAME WAS CREATED IN 1998 TO STIMULATE A POSITIVE IMPACT ON THE NASHVILLE ECONOMY, NATIONAL IMAGE, AND COMMUNITY PRIDE WHILE SHOWCASING THE CITY AS A PREMIER DESTINATION WITH AUDIENCES THROUGHOUT THE COUNTRY. 0 0 8652071 8385080 PRODUCED A POST-SEASON FOOTBALL GAME BETWEEN THE UNIVERSITY OF MISSOURI AND THE UNIVERSITY OF IOWA. 8652071 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 12 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X SCOTT MCGILBERRY 6157433127 220 ATHENS WAY STE 205 NASHVILLE TN 37228 BRIAN WALLER CHAIR AND DIRECTOR 0.50 X X 0 0 0 JEFF BALLARD BOARD MEMBER 0.50 X 0 0 0 KRIS BORON BOARD MEMBER 0.50 X 0 0 0 MICHELLE BROWN BOARD MEMBER 0.50 X 0 0 0 DAVE COOLEY BOARD MEMBER 0.50 X 0 0 0 HOWARD GENTRY BOARD MEMBER 0.50 X 0 0 0 AUBREY HARWELL JR BOARD MEMBER 0.50 X 0 0 0 BOB HENSLEY BOARD MEMBER 0.50 X 0 0 0 MATT JOKI BOARD MEMBER 0.50 X 0 0 0 JOE KELLEY BOARD MEMBER 0.50 X 0 0 0 CASSANDRA GULBRANDSEN BOARD MEMBER 0.50 X 0 0 0 BRAD LAMPLEY BOARD MEMBER 0.50 X 0 0 0 EVANS LOONEY BOARD MEMBER 0.50 X 0 0 0 RICK MARTIN BOARD MEMBER 0.50 X 0 0 0 CRAIG SCHNEIDER BOARD MEMBER 0.50 X 0 0 0 BURKE NIHILL BOARD MEMBER 0.50 X 0 0 0 KEVIN OBARSKI BOARD MEMBER 0.50 X 0 0 0 THOMAS PETRILLO BOARD MEMBER 0.50 X 0 0 0 RICHARD PINSON BOARD MEMBER 0.50 X 0 0 0 DALE POLLEY BOARD MEMBER 0.50 X 0 0 0 LARRY SHAWE BOARD MEMBER 0.50 X 0 0 0 DEANA IVEY BOARD MEMBER 0.50 X 0 0 0 SARAH TRAHERN BOARD MEMBER 0.50 X 0 0 0 PETE WEIEN BOARD MEMBER 0.50 X 0 0 0 EVETTE WHITE BOARD MEMBER 0.50 X 0 0 0 SCOTT RAMSEY CEO/PRESIDENT 25.00 14.00 X 369643 179772 19967 SCOTT MCGILBERRY CFO 22.00 18.00 X 103074 73691 349 JASON GRIDER COO / SVP EVENTS & OPERATIONS 20.00 20.00 X 104389 84853 14148 577106 338316 34464 3 0 1 0 0 502 502 GAME SPONSORSHIPS 541800 3566228 3566228 GATE RECEIPTS 711210 2939995 2939995 MEDIA RIGHTS & OTHER 711300 2400007 1878857 521150 8906230 62121 62121 8968853 8385080 521150 62121 523823 328780 122126 72917 236594 148499 55160 32935 22943 14400 5349 3194 61270 38456 14285 8529 46291 29055 10792 6444 32696 32696 30778 30778 251733 251733 24094 8078 9873 6143 14375 11342 3033 100976 75731 25245 23712 21079 2633 5063 5063 88007 53684 34323 NCAA CONFERENCES PARTIC 5300000 5300000 SPONSORSHIP FULFILLMENT 859155 859155 GAME OPERATIONS 713478 713478 PARTICIPATING TEAMS HOS 202262 202262 673256 591276 11846 70134 9210506 8652071 358139 200296 3010043 4760821 223952 35532 115468 85612 24977 24155 4922 822 92406 75311 3446791 4958098 22843 2275803 500000 522843 2275803 X 2857084 2615132 66864 67163 2923948 2682295 3446791 4958098 -241653 0 X 0 1 X 1 0 X 3000 11000 65448 502 79950 109520 12435765 8417632 16917610 8906230 46786757 109520 12438765 8428632 16983058 8906732 46866707 0 73000 2550197 3183130 2945142 2939301 11690770 73000 2550197 3183130 2945142 2939301 11690770 35175937 2595 2785 64288 94040 62121 225829 2595 2785 64288 94040 62121 225829 112115 12441550 8492920 17077098 8968853 47092536 0.74700 0.76290 0.00480 0.00380 X 66864 299 67163 66362 502 66864 66362 220 220 66362 66362 52 52 66362 66362 93 93 66362 1.00000 0 0 20107 19285 822 4870 4870 0 822 X 9180018 211165 211165 8968853 0 8968853 9421671 211165 211165 9210506 0 9210506 PART V, LINE 4: THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD. UNDER THIS POLICY THE ORGANIZATION'S INVESTMENT POLICY IS TO MAINTAIN ENDOWMENT ASSETS IN AN INTEREST BEARING ACCOUNT WITH A REPUTABLE FINANCIAL INSTITUTION. THE ORGANIZATION HAS A POLICY OF APPROPRIATING ANNUALLY INTEREST INCOME FROM THE ENDOWMENT FUND TO SATISFY TEMPORARILY RESTRICTED PURPOSES. PART X, LINE 2: THE BOWL IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAXES ARE PROVIDED; HOWEVER, FOR UNRELATED BUSINESS INCOME, NET OF APPLICABLE EXPENSES. THE BOWL'S UNRELATED BUSINESS INCOME ACTIVITY CONSISTS OF ADVERTISING REVENUES RECEIVED AS A RESULT OF VARIOUS SPONSORSHIP AGREEMENTS. THE BOWL FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC")GUIDANCE RELATED TO UNRECOGNIZED TAX BENEFITS THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THIS GUIDANCE PRESCRIBES A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION THAT IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE BOWL HAS NO TAX PENALTIES OR INTEREST REPORTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X X 1 1 X X X X 0 0 0 0 0 1 1 0 0 SCOTT RAMSEY CEO/PRESIDENT 235314 126707 130500 52985 3829 80 0 0 19967 0 389610 179772 0 0 JASON GRIDER COO / SVP EVENTS & OPERATIONS 87244 74644 16800 10000 345 209 0 0 14148 0 118537 84853 0 0 SCOTT MCGILBERRY CFO 87544 64706 15225 8680 305 305 0 0 349 0 103423 73691 0 0 PART I, LINE 1A SPOUSE TRAVEL IS PROVIDED FOR CERTAIN BUSINESS TRIPS WHERE ATTENDEES ARE EXPRESSLY EXPECTED TO BE ACCOMPANIED BY SPOUSES. THESE TRIPS ARE APPROVED IN ADVANCE BY THE FINANCE COMMITTEE AND ARE ALSO REVIEWED BY THE FINANCE COMMITTEE AFTER THE EXPENDITURE HAS TAKEN PLACE. $6,019 REPRESENTS PAYMENT OF SCOTT RAMSEY'S COUNTRY CLUB DUES PER EMPLOYMENT CONTRACT. PART I, LINE 6 BONUS COMPENSATION IS BASED ON NET EARNINGS FROM THE ORGANIZATION AND RELATED ORGANIZATION. FORM 990 PART V, LINE 2A - COMPENSATION MUSIC CITY BOWL, INC. REIMBURSES THE RELATED 501(C)(6) ORGANIZATION, NASHVILLE SPORTS COUNCIL, FOR PERSONNEL COSTS (WAGES, PAYROLL TAXES AND BENEFITS) INCLUDING OFFICER COMPENSATION. WHILE MUSIC CITY BOWL, INC. DOES NOT ISSUE W-2'S, THE 990 REFLECTS THE ACTUAL EXPENSE PAID TO REIMBURSE THE RELATED ORGANIZATION FOR ITS EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 2 SCOTT RAMSEY AND SCOTT MCGILBERRY HAVE A BUSINESS RELATIONSHIP THROUGH THE NASHVILLE SPORTS COUNCIL. DIRECTORS THOMAS PETRILLO AND PETE WEIEN HAVE A BUSINESS RELATIONSHIP. DIRECTORS KEVIN OBARSKI AND LARRY SHAWE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A REVIEW OF CONFLICTS OF INTEREST IS CONDUCTED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED TWICE ANNUALLY BY THE HR/COMPENSATION COMMITTEE. THE COMMITTEE INCLUDES THE USE OF AN EXTERNAL COMPENSATION STUDY IN ITS DELIBERATIONS. ALL COMMITTEE MEETINGS ARE DOCUMENTED WITH MINUTES. FORM 990, PART VI, SECTION C, LINE 19 OTHER DOCUMENTS ARE NOT MADE AVAILABLE. NASHVILLE SPORTS COUNCIL 220 ATHENS WAY NASHVILLE TN 37228 208979393 IMPACT ECONOMY IN NASHVILLE BY ATTRACTING SPORTING EVENTS TN 501(C)(6) N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 NASHVILLE SPORTS COUNCIL O 890921 FMV NASHVILLE SPORTS COUNCIL E 75311 FMV NASHVILLE SPORTS COUNCIL N 100976 FMV