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        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>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).</Explanation>
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      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, ACCOUNTANT, AND VICE PRESIDENT OF FINANCE PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>THE CONFLICT OF INTEREST POLICY WAS DISCUSSED WITH THE BOARD MEMBERS AT THE 7/19/12 BOARD MEETING. 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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR.</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR ALL OFFICERS AND EMPLOYEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <Explanation>THE FORM 990, GOVERNING DOCUMENTS, AND MOST RECENTLY ISSUED AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST DURING NORMAL OFFICE HOURS.</Explanation>
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      <GeneralExplanation>
        <Identifier>OTHER EXPENSES</Identifier>
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        <Explanation>SPT MKT MAJOR EVENTS EXP 47,447 HIGH SCHOOL ALL STARS 37,755 FUTURES TENNIS 31,703 FCCAA SOFTBALL 30,614 SENIOR SCHOLAR 20,793 AWARDS BANQUET 19,145 CYCLING EVENT 11,676 BUD TENNIS 9,957 OTHER PROGRAM EXPENSES 8,631 DONATIONS 6,880 SPT MKT OFFICE SUPPLIES 4,500 SPT MKT DUES/SUBSCRIPTION 3,288 RACQUET ROUNDUP 2,468</Explanation>
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