INDEPENDENCE BOWL FOUNDATION INC

EIN: 720927228 501(c)(3) Recreation & Sports

SHREVEPORT, LA

Total Revenue
$3,822,903
Total Expenses
$3,498,942
Total Assets
$2,864,020
Net Assets
$1,796,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
LA
Principal Officer
SARAH GIGLIO
Phone
3182210712
Tax Period
2024-03-01 to 2025-02-28

INDEPENDENCE BOWL FOUNDATION INC, founded in 1999, is a community nonprofit in the Recreation & Sports sector that reported $3.8M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 8% surplus.

Mission

HOST THE INDEPENDENCE BOWL THE ORGANIZATION SERVES AMATEUR ATHLETICS IN THE SHREVEPORT -BOSSIER CITY, LA AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,597,687
Program Service Revenue $1,382,517
Investment Income $0
Other Revenue $842,699
TOTAL REVENUE $3,822,903

Expense Breakdown

Grants Paid $0
Salaries & Benefits $632,861
Fundraising Expenses $0
Program Expenses $2,991,387
Other Expenses $2,866,081
TOTAL EXPENSES $3,498,942

Year-over-Year Comparison

2024 2023 Change
Revenue $3,822,903 $3,722,285 +0.0%
Expenses $3,498,942 $3,331,241 +0.1%
Net Income $323,961 $391,044 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
6
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
13
$0
Key Employees
1
$135,341
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH GIGLIO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KEITH BURTON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
GREG LOTT 1ST VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
TIM WILHITE 2ND VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAYCE SIMPSON TREASURER 1.00
Officer Director
$0 $0 $0
JOHN DAVID PERSON SECRETARY 1.00
Officer Director
$0 $0 $0
TYLER WILLIAMS EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
VICTOR MAINIERO EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
TAYLOR JAMISON EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
LEE HOLMES EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
DOUG BLAND EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
CINDY SMITH EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
CLAIR REBOUCHE IMMEDIATE PAST CHAIR N/A
Director
$0 $0 $0
SEE ATTACHED BOARD OF DIRECTORS 1.00
Officer
$0 $0 $0
MISSY SETTERS EXECUTIVE DIRECTOR N/A
Key Emp
$135,341 $0 $135,341
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,822,903 $3,498,942 $2,864,020 $323,961
2024 $3,722,285 $3,331,241 $2,816,790 $391,044
2023 $3,249,472 $2,595,611 $2,463,496 $653,861
2022 $3,284,929 $2,360,821 $2,216,372 $924,108
2021 $1,686,342 $1,188,783 $1,361,173 $497,559
2020 $3,918,398 $3,924,029 $2,114,807 $-5,631
2019 $4,086,086 $3,777,998 $2,219,752 $308,088
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