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    <ReturnTs>2018-02-06T10:21:53-06:00</ReturnTs>
    <TaxPeriodEndDt>2017-09-30</TaxPeriodEndDt>
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      <PreparerFirmName>
        <BusinessNameLine1Txt>CARLSON &amp; COMPANY CHARTERED</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>7100 PLANTATION ROAD BUILDING 21</AddressLine1Txt>
        <CityNm>PENSACOLA</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32504</ZIPCd>
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        <BusinessNameLine1Txt>PENSACOLA SPORTS ASSOCIATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>PENS</BusinessNameControlTxt>
      <PhoneNum>8504342800</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 12463</AddressLine1Txt>
        <CityNm>PENSACOLA</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32591</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RAY PALMER</PersonNm>
      <PersonTitleTxt>EXECUTIVE DIRECTOR</PersonTitleTxt>
      <PhoneNum>8504342800</PhoneNum>
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    <PreparerPersonGrp>
      <PreparerPersonNm>KEVIN J CARLSON</PreparerPersonNm>
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        <CityNm>PENSACOLA</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32951</ZIPCd>
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      <WebsiteAddressTxt>WWW.PENSACOLASPORTS.ORG</WebsiteAddressTxt>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>1959</FormationYr>
      <LegalDomicileStateCd>FL</LegalDomicileStateCd>
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      <Desc>SPORTS MARKETING ACTIVITIES - ACCOMPLISHED THE GOAL OF ATTRACTING OTHER REGIONAL AND NATIONAL EVENTS TO THE PENSACOLA AREA WHICH WILL BENEFIT THE ENTIRE COMMUNITY.</Desc>
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        <RevenueAmt>284038</RevenueAmt>
        <Desc>THE DOUBLE BRIDGE RUN BROUGHT MANY VISITORS TO THE AREA. RUNNERS PARTICIPATED IN A 15K OR 5K RUN WHICH STARTED IN DOWNTOWN PENSACOLA AND FINISHED ON PENSACOLA BEACH.</Desc>
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        <Desc>VARIOUS EVENTS WERE HELD TO PROMOTE LOCAL SPORTING EVENTS THAT BROUGHT PLAYERS AND SPECTATORS TO THE LOCAL AREA AND CREATED OPPORTUNITIES FOR LOCAL ATHLETES TO BE RECOGNIZED.</Desc>
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      <Form990PartVIISectionAGrp>
        <PersonNm>BILL HAMILTON</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DANIEL HERMAN</PersonNm>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CAM JOHNSON</PersonNm>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>RHEA KESSLER</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MIKE LAYTON</PersonNm>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>EVAN MALONE</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JARED MARTIN</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JANET OLLIFF</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JAY PATEL</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>RON PULLEY</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>D C REEVES</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MICHAEL RHODES</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>BRENT SCOTT</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DAVID TAYLOR</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MARK TAYLOR</PersonNm>
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        <PersonNm>JASON WEEKS</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>RAY PALMER</PersonNm>
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        <ProgramServicesAmt>9000</ProgramServicesAmt>
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      <InformationTechnologyGrp>
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        <ManagementAndGeneralAmt>2165</ManagementAndGeneralAmt>
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      <OccupancyGrp>
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      <TravelGrp>
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        <ProgramServicesAmt>12923</ProgramServicesAmt>
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      <ConferencesMeetingsGrp>
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        <ManagementAndGeneralAmt>15873</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>20119</ManagementAndGeneralAmt>
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        <Desc>SPORTS MARKETING TOURISTD</Desc>
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      <OtherExpensesGrp>
        <Desc>T-SHIRTS/WEARABLES/SCREEN</Desc>
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      <OtherExpensesGrp>
        <Desc>PRIZES</Desc>
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        <ProgramServicesAmt>49804</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>SPT MKT - OVERHEAD</Desc>
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        <ProgramServicesAmt>30596</ProgramServicesAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>349347</TotalAmt>
        <ProgramServicesAmt>373569</ProgramServicesAmt>
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      <TotalFunctionalExpensesGrp>
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        <ProgramServicesAmt>1158408</ProgramServicesAmt>
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      <CashNonInterestBearingGrp>
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      <DeferredRevenueGrp>
        <BOYAmt>117601</BOYAmt>
        <EOYAmt>74399</EOYAmt>
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      <EscrowAccountLiabilityGrp>
        <BOYAmt>2500</BOYAmt>
        <EOYAmt>2500</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>150478</BOYAmt>
        <EOYAmt>107701</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
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        <EOYAmt>712415</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>522097</BOYAmt>
        <EOYAmt>712415</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
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        <EOYAmt>820116</EOYAmt>
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      <ReconcilationRevenueExpnssAmt>169870</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>20448</NetUnrlzdGainsLossesInvstAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="RetDoc4">
      <SubstantiallyAllDuesNondedInd>true</SubstantiallyAllDuesNondedInd>
      <OnlyInHouseLobbyingInd>true</OnlyInHouseLobbyingInd>
      <AgreeCarryoverPriorYearInd>false</AgreeCarryoverPriorYearInd>
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    <IRS990ScheduleD documentId="RetDoc5">
      <AgentTrusteeEtcInd>false</AgentTrusteeEtcInd>
      <InclEscrowCustodialAcctLiabInd>true</InclEscrowCustodialAcctLiabInd>
      <ExplanationProvidedInd>X</ExplanationProvidedInd>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>423757</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>423757</DepreciationAmt>
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      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>83106</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>59892</DepreciationAmt>
        <BookValueAmt>23214</BookValueAmt>
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      <TotalBookValueLandBuildingsAmt>23214</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>1740105</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>20448</NetUnrealizedGainsInvstAmt>
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      <RevenueSubtotalAmt>1611943</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>1611943</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>1549787</TotExpnsEtcAuditedFinclStmtAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART IV, LINE 2B</FormAndLineReferenceDesc>
        <ExplanationTxt>PART X LINE 21 CONSISTS OF ESCROW FUNDS HELD FOR STUDENT SCHOLARSHIPS AWARDED ANNUALLY.</ExplanationTxt>
      </SupplementalInformationDetail>
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    <IRS990ScheduleL documentId="RetDoc6">
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        <NameOfInterested>
          <BusinessName>
            <BusinessNameLine1Txt>MARKETING ITEMS DIRECT</BusinessNameLine1Txt>
          </BusinessName>
        </NameOfInterested>
        <RelationshipDescriptionTxt>CURRENT OFFICER</RelationshipDescriptionTxt>
        <TransactionAmt>15980</TransactionAmt>
        <TransactionDesc>PROMOTIONAL ITEMS</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <BusinessName>
            <BusinessNameLine1Txt>HILES-MCLEOD INSURANCE</BusinessNameLine1Txt>
          </BusinessName>
        </NameOfInterested>
        <RelationshipDescriptionTxt>BOARD MEMBER</RelationshipDescriptionTxt>
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        <TransactionDesc>INSURANCE</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc7">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>TO WORK WITH INTERNATIONAL, NATIONAL, STATE AND LOCAL GOVERNMENTS AND OTHER PUBLIC AND PRIVATE ENTITIES IN THE DEVELOPMENT, ORGANIZATION, BIDDING, ADVERTISING, PROMOTION, ENCOURAGEMENT, HOSTING AND THE OPERATION OF AMATEUR AND PROFESSIONAL SPORTS IN NORTHWEST FLORIDA FOR THE PURPOSE OF REGIONAL ECONOMIC DEVELOPMENT (SPORTS ECONOMIC DEVELOPMENT).</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, ACCOUNTANT, AND VICE PRESIDENT OF FINANCE PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS DISCUSSED WITH BOARD MEMBERS AS PART OF THE ANNUAL BOARD MEMBER ORIENTATION. THE ORGANIZATION'S BYLAWS INCLUDE A CONFLICT OF INTEREST POLICY RELATED TO ANY CONTRACTS OR OTHER TRANSACTIONS WHICH REQUIRES DISCLOSURE BY ITS DIRECTORS OR ANY OTHER CORPORATION, FIRM, ASSOCIATION OR ENTITY IN WHICH ONE OR MORE OF THE DIRECTORS ARE DIRECTORS OR OFFICERS OR ARE FINANCIALLY INTERESTED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR ALL OFFICERS AND EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990, GOVERNING DOCUMENTS, AND MOST RECENTLY ISSUED AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST DURING NORMAL OFFICE HOURS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>SECURITY / POLICE &amp; SAFET 24,211 0 0 GIFTS 23,720 0 0 FOOD / MEALS 22,992 0 0 PROGRAM EVENT EXPENSES 20,445 0 0 FINISHER' MEDALS 20,379 0 0 FACILITY/COURSE FEE 18,643 0 0 EVENT ORGANIZER FEE 18,123 0 0 RACE RESULTS/TIMING 17,211 0 0 REFEREES/OFFICIALS 16,701 0 0 GUEST SPEAKER 16,629 0 0 BANQUET EXP 15,831 0 0 AWARDS 14,491 0 0 SIGNAGE &amp; LETTERING 12,193 0 0 PRINTING - STATIONERY 10,968 0 0 TEAM GUARANTEE 10,000 0 0 EQUIPMENT RENTAL 9,908 0 0 SCHOLARSHIPS 9,000 0 0 BUSES / TRANSPORTATION 8,618 0 0 COMPS ENTRIES EXP 7,725 0 0 PARTICIPANT PKGS/GIFTS 7,628 0 0 PORTABLE TOILETS 6,348 0 0 MISC EXPENSES 0 6,328 0 POST RACE PARTY 5,233 0 0 MISCELLANEOUS EXPENSE 5,020 0 0 MUSIC &amp; DJ 4,982 0 0 WEBSITE/MEDIA 4,823 0 0 ADVERTISING/PROMO/COMML P 3,270 0 0 BIB NUMBERS &amp; RELAY TEAM 3,210 0 0 FINISH LINE/AID STATION 2,944 0 0 VOLUNTEER EXP 2,927 0 0 EXPO EXPENSE 2,795 0 0 PHOTOGRAPHY 2,580 0 0 PERMITS &amp; FEES 2,564 0 0 MERCHANDISE EXPENSES 2,288 0 0 CONTRACT LABOR 2,055 0 0 AMBULANCE / EMT 1,837 0 0 RAFFLE GIVEAWAY 1,733 0 0 PLAYER PKGS 1,713 0 0 GEAR BAGS 1,656 0 0 VIP EXPENSE 1,549 0 0 COMMITTEE EXP 1,506 0 0 BALLS 1,410 0 0 GRANT EXP 1,383 0 0 TENTS 1,179 0 0 MEDICAL 1,100 0 0 DECORATIONS 1,038 0 0 CREDIT CARD FEES 1,010 0 0 PSA FOUNDATION 0 46 0 OVERHEAD ALLOCATION 0 -30,596 0 TOTAL 373,569 -24,222 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>