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        <BusinessNameLine1Txt>CARLSON &amp; COMPANY CHARTERED</BusinessNameLine1Txt>
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        <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>
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      <PhoneNum>8504342800</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 12463</AddressLine1Txt>
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        <ZIPCd>32591</ZIPCd>
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      <PersonTitleTxt>EXECUTIVE DIRECTOR</PersonTitleTxt>
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      <PreparerPersonNm>KEVIN J CARLSON</PreparerPersonNm>
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    <TaxYr>2015</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
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      <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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        <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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        <TransactionDesc>INSURANCE</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
    <IRS990ScheduleN documentId="RetDoc7">
      <DispositionOfAssetsDetail>
        <AssetsDistriOrExpnssPaidDesc>CASH &amp; INVESTMENTS</AssetsDistriOrExpnssPaidDesc>
        <DistributionDt>2015-10-15</DistributionDt>
        <FairMarketValueOfAssetAmt>467383</FairMarketValueOfAssetAmt>
        <MethodOfFMVDeterminationTxt>BOOK/COST</MethodOfFMVDeterminationTxt>
        <EIN>592113050</EIN>
        <PersonNm>PENSACOLA SPORTS ASSOC FOUNDATION</PersonNm>
        <USAddress>
          <AddressLine1Txt>PO BOX 12463</AddressLine1Txt>
          <CityNm>PENSACOLA</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>32591</ZIPCd>
        </USAddress>
        <IRCSectionTxt>501(C)3</IRCSectionTxt>
      </DispositionOfAssetsDetail>
      <DirectorOfSuccessor2Ind>true</DirectorOfSuccessor2Ind>
      <EmployeeOfSuccessor2Ind>false</EmployeeOfSuccessor2Ind>
      <OwnerOfSuccessor2Ind>false</OwnerOfSuccessor2Ind>
      <ReceiveCompensation2Ind>false</ReceiveCompensation2Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE N, PART II, PAGE 2, LINE 2E</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS RHEA KESSLER, NORM ROSS, AND JODIE WEBB WERE ALSO BOARD MEMBERS FOR THE PSA FOUNDATION IN OCTOBER 2015 WHEN THE TRANSFER WAS MADE. NO BENEFITS RECEIVED BY ANY OF THE BOARD MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleN>
    <IRS990ScheduleO documentId="RetDoc8">
      <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>OTHER PROGRAM EXPENSES 60,331 0 0 COLLEGE BASEBALL EVENT 56,935 0 0 HIGH SCHOOL ALL STARS 40,741 0 0 AWARDS BANQUET 22,675 0 0 FUTURES TENNIS 22,669 0 0 SENIOR SCHOLAR 21,352 0 0 BUD TENNIS 10,337 0 0 M/G - MISCELLANEOUS EXPEN 0 10,068 0 OVERHEAD ALLOCATION 30,000 -30,000 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>