2024-02-13T10:03:58-06:00 2023-03-31 521853933 JM&M 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2022-04-01 263268204 MILITARY BOWL FOUNDATION INC MILI 2027762919 1742 N STREET NW WASHINGTON DC 20036 STEPHEN J BECK EXECUTIVE DIRECTOR AND PRESIDENT 2027762919 2024-02-12 1 STEPHEN BECK XXX-XX-XXXX 1 MEENA BISHNOI P01480769 2022963306 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN J BECK 1742 N STREET NW WASHINGTON DC 20036 6841766 0 X WWW.MILITARYBOWL.ORG X 2008 DC TO (A) FOSTER AND CONDUCT NATIONAL AMATEUR SPORTS COMPETITIONS BY PLAYING A POST-SEASON COLLEGE FOOTBALL GAME, AS WELL AS OTHER ANCILLARY ACTIVITIES, AND (B) TO ACQUIRE AND OPERATE PROPERTY AND ANCILLARY FACILITIES FOR THE PURPOSE OF PROVIDING RECREATIONAL AND REHABILITATION OPPORTUNITIES FOR VETERANS AND THEIR FAMILIES IN A MANNER CONSISTENT WITH THE CORPORATION'S CHARITABLE AND EDUCATIONAL PURPOSES. 23 21 10 24 0 0 1130611 2347680 1413174 3369001 1398 39026 -80468 849462 2464715 6605169 11046 19549 0 0 925901 1119402 32500 0 175233 1031338 3984592 2000785 5123543 463930 1481626 5612283 6965316 374631 209185 5237652 6756131 X TO (A) FOSTER AND CONDUCT NATIONAL AMATEUR SPORTS COMPETITIONS BY PLAYING A POST-SEASON COLLEGE FOOTBALL GAME, AS WELL AS OTHER ANCILLARY ACTIVITIES, AND (B) ACQUIRE AND OPERATE PROPERTY AND ANCILLARY FACILITIES FOR THE PURPOSE OF PROVIDING RECREATIONAL AND REHABILITATION OPPORTUNITIES FOR VETERANS AND THEIR FAMILIES IN A MANNER CONSISTENT WITH THE CORPORATION'S CHARITABLE AND EDUCATIONAL PURPOSES. 0 0 3695467 19549 3369001 MILITARY BOWL FOUNDATION, INC. PROVIDES THE WASHINGTON METROPOLITAN AREA WITH THE FINEST COLLEGIATE FOOTBALL AND RELATED EVENTS. THE MILITARY BOWL FOUNDATION ENHANCES COMMUNITY PRIDE BY HOSTING THE ANNUAL MILITARY BOWL. THE GOAL IS TO STRENGTHEN THE LOCAL ECONOMY, BOOST THE REGION'S NATIONAL IMAGE, HONOR THE U.S. MILITARY, AND HAVE A POSITIVE EFFECT ON THE COMMUNITY AND CHARITABLE ORGANIZATIONS. 682463 MILITARY BOWL FOUNDATION, INC. IS THE SOLE MEMBER OF PATRIOT POINT, LLC (THE "LLC"), A DC LIMITED LIABILITY COMPANY THAT IS TREATED AS A DISREGARDED ENTITY FOR TAX PURPOSES. PATRIOT POINT, LLC WAS FORMED ON JANUARY 21, 2016, TO PURCHASE, CONSTRUCT, OWN, OPERATE AND MANAGE A RETREAT LOCATED AT 750 TAYLORS ISLAND ROAD, MADISON, MD 21648, FOR WOUNDED, ILL, AND INJURED SERVICE MEMBERS AND THEIR FAMILIES AND CAREGIVERS. 4377930 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 15 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X LAUREN SCHRAM 3019381483 1742 N STREET NW WASHINGTON DC 20036 STEVE BECK PRESIDENT & EXE. DIRECTOR 30.00 10.00 X X 388103 0 29162 LAUREN SCHRAM VICE PRESIDENT AND BOARD SEC/TREAS. 30.00 10.00 X X 142312 0 16646 MARK GOLDMAN SR. DIRECTOR OF PARTNERSHIPS 30.00 10.00 X 142475 0 4277 CHRISTOPHER W COLE CHAIR 1.00 0.05 X X 0 0 0 LAWRENCE C LEBER CHAIR, FINANCE COMMITTEE 1.00 0.05 X 0 0 0 BEN DAVIS BOARD MEMBER 1.00 0.05 X 0 0 0 BILL COLLINS BOARD MEMBER 1.00 0.05 X 0 0 0 BRAD EDWARDS BOARD MEMBER 1.00 0.05 X 0 0 0 CHRISTOPHER HARRISON BOARD MEMBER 1.00 0.05 X 0 0 0 JOE REEDER BOARD MEMBER 1.00 0.05 X 0 0 0 JOHN SKIPPER BOARD MEMBER 1.00 0.05 X 0 0 0 JONATHAN GREENBLATT BOARD MEMBER 1.00 0.05 X 0 0 0 LEN BAXT BOARD MEMBER 1.00 0.05 X 0 0 0 MAC CURTIS BOARD MEMBER 1.00 0.05 X 0 0 0 MICHAEL MCCARTIN BOARD MEMBER 1.00 0.05 X 0 0 0 MIKE TATOIAN BOARD MEMBER 1.00 0.05 X 0 0 0 PATRICK HOLUB BOARD MEMBER 1.00 0.05 X 0 0 0 PAUL NORMAN BOARD MEMBER 1.00 0.05 X 0 0 0 REGGIE LOVE BOARD MEMBER 1.00 0.05 X 0 0 0 ROB TAISHOFF BOARD MEMBER 1.00 0.05 X 0 0 0 STEFFANIE EASTER BOARD MEMBER 1.00 0.05 X 0 0 0 WENDELL TAYLOR BOARD MEMBER 1.00 0.05 X 0 0 0 MARC BLUESTEIN BOARD MEMBER 1.00 0.05 X 0 0 0 RORY YANCHEK BOARD MEMBER 1.00 0.05 X 0 0 0 BRIG OWENS BOARD MEMBER UNTIL JUNE 2022 1.00 0.05 X 0 0 0 ERIK A MOSES BOARD MEMBER UNTIL NOV. 2022 1.00 0.05 X 0 0 0 JIM SPEROS BOARD MEMBER UNTIL MAR. 2023 1.00 0.05 X 0 0 0 672890 0 50085 3 0 1 0 0 118099 325000 1904581 151541 2347680 SPONSORSHIPS 711300 1767742 1767742 TICKET OPERATIONS 711300 1537172 1537172 PARKING SHARE 711300 41167 41167 MERCHANDISE SALE 711300 19852 19852 GAME PROGRAM PURCHASES 711300 3068 3068 3369001 38519 38519 875000 875000 64431 63924 507 507 507 140425 118099 172673 -32248 -32248 OTHER INCOME 900099 3380 3380 HOTEL REBATES 900099 3330 3330 6710 6605169 3369001 0 888488 19549 19549 646328 417440 228888 367234 231630 135604 7029 5855 1174 30423 25341 5082 68388 41697 26691 51942 51942 7520 7520 80814 15003 65811 134804 134804 207056 147745 59311 12398 9918 2480 44853 35853 9000 61250 49952 11298 429827 295117 25288 109422 1108 1108 176662 176662 60131 54029 6102 CONFERENCE DISTRIBUTION 2375000 2375000 STADIUM EXPENSES 188806 188806 TEAM GIFTS AND TROPHIES 123902 123902 LICENSE AND DUES 25220 25220 3299 3299 5123543 4377930 570380 175233 181738 200095 734127 161444 200000 164924 73664 16759 14000 5440704 758566 4513735 4682138 1270756 1000 363219 5612283 6965316 88258 43980 286373 165205 374631 209185 X 5237652 6756131 5237652 6756131 5612283 6965316 1481626 33877 2976 0 X X 0 1 X 1 0 X 1111189 908037 620732 1130611 2347680 6118249 2724735 2345564 34 2957 1038345 6111635 1598490 1684749 722350 1410217 3346081 8761887 5434414 4938350 1343116 2543785 6732106 20991771 1080000 1100000 35750 142001 99176 2456927 764405 725551 684422 916140 2716689 5807207 1844405 1825551 720172 1058141 2815865 8264134 12727637 13260 12478 8615 1398 38519 74270 13260 12478 8615 1398 38519 74270 4785 6101 834 290 6710 18720 5452459 4956929 1352565 2545473 6777335 21084761 0.60360 0.66870 0.00350 0.00190 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: HOTEL REBATES - 2018 AMOUNT: $ 4,785. 2019 AMOUNT: $ 2,428. 2020 AMOUNT: $ 834. 2021 AMOUNT: $ 290. 2022 AMOUNT: $ 3,330. INSURANCE REFUND LICENSING FEE REFUND - 2019 AMOUNT: $ 3,673. OTHER INCOME - 2022 AMOUNT: $ 3,380. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 35000 0 0 35000 0 PART II-B, LINE 1: THE ORGANIZATION LOBBIED FOR STATE OF MARYLAND FUNDING AND CITY SPONSORSHIP. 782080 782080 3953786 495975 3457811 223794 193812 29982 481044 68779 412265 4682138 FIXED INCOME 363219 F 363219 X 6899321 33877 87602 172673 294152 6605169 0 6605169 5383818 87602 172673 260275 5123543 0 5123543 PART X, LINE 2: MILITARY BOWL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE WERE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEEDED TO BE RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 172,673. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 172,673. X X X 1 TRESELER MARKETING BUSINESS DEVELOPMENT INC 109 N VAN BUREN STREET ROCKVILLE MD 20850 FUNDRAISING 0 107000 21400 85600 FIRST TEAM 7208 WINDSWEPT TRAIL COLLEYVILLE TX 76034 FUNDRAISING 0 32500 6500 26000 139500 27900 111600 MD HOME OF THE FREE DINNER 83908 30808 53100 32899 9831 AWARDS DINNER 136141 72016 64125 66028 30633 1 38475 15275 23200 1499 11484 7734 12565 258524 118099 140425 1499 11484 106661 53029 172673 -32248 SCHEDULE G, PART I, LINE 2B, COLUMN (V) ALL FUNDRAISERS GET UP TO 20% OF AMOUNTS RAISED AS A COMMISSION FOR BRINGING IN FUNDS. X 0 0 X X 0 0 0 0 0 0 0 1 0 STEVE BECK PRESIDENT & EXE. DIRECTOR 337044 0 51059 0 0 0 11059 0 18103 0 417265 0 0 0 LAUREN SCHRAM VICE PRESIDENT AND BOARD SEC/TREAS. 126929 0 15383 0 0 0 4361 0 12285 0 158958 0 0 0 PART I, LINE 7 STEVE BECK, PRESIDENT AND EXECUTIVE DIRECTOR OF MBF, RECEIVED A BONUS OF $51,059 DURING CALENDAR YEAR 2022. LAUREN SCHRAM, VICE PRESIDENT OF MBF, RECEIVED A BONUS OF $15,383 DURING CALENDAR YEAR 2022. THE NON-FIXED BONUS PAYMENTS TO THE EXECUTIVE DIRECTOR AND VICE PRESIDENT ARE BASED ON PERFORMANCE AND AWARDED AT THE DISCRETION OF THE FINANCE COMMITTEE. THE FINANCE COMMITTEE TAKES INTO CONSIDERATION A VARIETY OF FACTORS INCLUDING FUNDS RAISED AND ATTENDANCE AT THE ANNUAL EVENT - THE MILITARY BOWL. LAUREN SCHRAM DIRECTOR OF FINANCE 6000 MILITARY BOWL FOUNDATION LEASES ITS PREMISES UNDER A RENEWABLE ONE-YEAR LICENSE AGREEMENT WITH A LAW FIRM, SHAPIRO, LIFSCHITZ AND SCHRAM, P.C. THAT HAS A FAMILY RELATIONSHIP WITH THE DIRECTOR OF FINANCE. $6,000 WAS RECOGNIZED AS RENT EXPENSE. 0 X 1 49819 FMV X 3 63923 FMV X SYNERGY MACHINE 1 34500 FMV X GOLF CLUBS 1 3299 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY DESIGNATE AN EXECUTIVE COMMITTEE THAT SHALL HAVE THE AUTHORITY, AS THE BOARD OF DIRECTORS MAY GRANT TO IT, FOR THE MANAGEMENT OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S FINANCIAL COMMITTEE AND CIRCULATED TO THE FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY AT THE BOARD MEETINGS. AT THOSE MEETINGS, MEMBERS OF THE GOVERNING BODY ARE ASKED TO DISCLOSE ANY POTENTIAL ISSUES THAT MAY GIVE RISE TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE MEETS TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. THE EMPLOYMENT CONTRACT AND PERFORMANCE DURING THE YEAR ARE BOTH CONSIDERED BY THE COMMITTEE. COMPENSATION TO THE ORGANIZATION'S OTHER OFFICER AND EMPLOYEES IS RECOMMENDED BY THE FINANCE COMMITTEE, AND INCLUDED IN THE OVERALL BUDGET THAT IS APPROVED BY THE FULL BOARD. THE FOOTBALL BOWL ASSOCIATION CONDUCTS AN OCCASIONAL COMPENSATION SURVEY WHICH IS CONSIDERED IN DETERMINING SUCH COMPENSATION. A REVIEW FOR EXECUTIVE DIRECTOR'S COMPENSATION WAS CONDUCTED IN NOVEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THESE PROCESSES HAVE NOT CHANGED. FORM 990, PART IV, LINE 33: PATRIOT POINT LLC IS A SINGLE MEMBER LLC, WHOSE SOLE MEMBER IS THE MILITARY BOWL FOUNDATION, INC. AND THEREFORE CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. PATRIOT POINT LLC'S FINANCIAL INFORMATION IS CONSOLIDATED WITH THE MILITARY BOWL FOUNDATION, INC.'S OVERALL STATEMENTS ONLY FOR PURPOSES OF THIS 990. PATRIOT POINT LLC OPERATES FROM ITS OWN BUDGET AND ANY CONTRIBUTIONS TO PATRIOT POINT LLC ARE USED SOLELY FOR PURPOSES RELATED TO PATRIOT POINT LLC AND NOT COMMINGLED WITH FUNDS FOR OTHER MILITARY BOWL FOUNDATION PURPOSES. PATRIOT POINT INCOME: FYE 3/31/23 DONATIONS (INCL. DONATED SERVICES AND EQUIPMENT): $2,123,105 INVESTMENT AND INTEREST INCOME: $18,670 TOTAL INCOME: $2,141,775 PATRIOT POINT EXPENSES: BANK FEES/ACCOUNTING: $7,131 HUNTING SUPPLIES AND PROGRAMMING: $76,921 PAYROLL SUPPORT: $234,625 LEGAL & CONSULTING: $47,086 REAL ESTATE TAXES & LOAN INTEREST: -$2,673 FACILITY REPAIRS, MAINTENANCE AND LANDSCAPING: $67,741 UTILITIES: $39,634 EVENT RELATED EXPENSES: $23,660 INSURANCE: $26,621 DEPRECIATION EXPENSE: $176,662 MARKETING: $16,510 TRAVEL: $4,759 TOTAL EXPENSES: $721,677 THE INCOME AND EXPENSE AMOUNTS REPORTED ON THE FORM 990 ARE NET OF ANY DONATED SERVICES AND INTERCOMPANY ACTIVITY THAT ARE LISTED ABOVE. NET PROCEEDS FOR PATRIOT POINT ARE USED FOR FACILITY IMPROVEMENTS. OVER THE PAST FEW YEARS, WE HAVE BEEN ABLE TO REFURNISH SEVERAL ROOMS FOR A BETTER GUEST EXPERIENCE, PURCHASE A NEW BOAT TO PROVIDE A FIRST CLASS FISHING AND CRABBING EXPERIENCE FOR GUESTS, CREATE QUALITY OUTDOOR AREAS FOR GUESTS TO RELAX AND ENJOY THE VIEWS, PURCHASE ADDITIONAL RECREATIONAL EQUIPMENT (KAYAKS, PADDLEBOARDS, CLAY SHOOTING RANGE, FITNESS CENTER, ETC), AS WELL AS CONTINUE TO PAY OFF THE LOAN SECURED TO PURCHASE THE PROPERTY. A MANAGED SERVICE AGREEMENT IS IN PLACE BETWEEN PATRIOT POINT LLC AND MILITARY BOWL FOUNDATION, INC. WHICH PROVIDES FOR MILITARY BOWL FOUNDATION, INC. TO HANDLE CERTAIN ADMINISTRATIVE DUTIES AND OVERSIGHT AT NO EXPENSE TO PATRIOT POINT LLC. PATRIOT POINT LLC 1742 N STREET NW WASHINGTON DC 20036 TO OWN & OPERATE RECREATIONAL SPACE FOR WOUNDED VETERANS AND THEIR FAMILIES DC 2141775 5809321 MILITARY BOWL FOUNDATION INC