Shadow Barons

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EIN 63-1227233 Membership association Daphne, AL NTEE N50
Form 990 (PDF)

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Revenue & expenses by yearFY2022–FY2025
Revenue
$237K
FY2025▲ +16%
Expenses
$210K
FY2025▲ +10%

Form 990 for the fiscal year ending March 2025 (IRS tax year 2024).


Parades annually during Mardi Gras season, celebrating with a member social ball. For fiscal year 2025 it reported $237K in revenue, $210K in expenses, and $250K in net assets.Pt I

Type
Membership association · Recreation & Sports
Location
Daphne, AL
Website
www.theshadowbarons.com
Filings
4 on file (2022–2025)
Revenue
$237KFY2025
Expenses
$210K
Net assets
$250K
People
11
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Size
$100K–1M
What they do
Parades annually during Mardi Gras season, celebrating with a member social ball.
Leadership
Anthony Brunson · President
Money in and out
$237K revenue, $210K expenses
Bottom line
+11% operating surplus
Membership & operating revenue · FY2025
Total revenue
$237K
Pt VIII · Ln 12
Total expenses
$210K
Pt IX · Ln 25
Net assets
$250K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+11%
revenue over expenses▲ +79% vs prior filing year
Earned revenue
100%
of revenue from program services & dues0% vs prior filing year
Program spending
100%
of expenses reach member services0% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$395K
FY2025+0.1%
Total liabilities
$144K
FY2025▼ -15%
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$395K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CShadow Barons
EINHdr · item D63-1227233
Principal addressHdr · item CDaphne, AL
WebsiteHdr · item Jwww.theshadowbarons.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFRecreation & Sports (N50)
Ruling yearIRS BMFApr 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $122K of program spending, described in the organization's own filed words · FY2024.
01

Held a Mardis Gras ball in February 2025 for the organization's 250 members and their guests. Approximately 1,400 people attended the Mardis Gras ball.

$73Kprogram expense
02

Held a Mardis Gras parade in Daphne, Alabama in February 2025 with the organization's members participating on floats and horses.

$32Kprogram expense
03

Held a "summer ball" in August 2024 for the organization's members and their guests.

$16Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$237K
Total revenueLn 12$237K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$210K
Total functional expensesLn 25$210K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$395K
Total liabilitiesLn 26$144K
Total net assetsLn 32$250K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $39K · Operating expenses/yr $210K
2.2 months
Where the money goes
Program services
Program services $210K · Total expenses $210K
100%
Management & General
Management & general $0 · Total expenses $210K
0%
Fundraising
Fundraising $0 · Total expenses $210K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $237K
0%
Government reliance
Government grants $0 · Total revenue $237K
0%
Earned-income share
Program service revenue $237K · Total revenue $237K
100%
Investment reliance
Investment income $0 · Total revenue $237K
0%
Program self-sufficiency
Program service revenue $237K · Total expenses $210K
113%
Growth & trend
Revenue growth (YoY)
This year $237K · Prior year $204K
+16%
Net-asset trend (YoY)
End of year $250K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $237K · Expenses $210K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $395K
Net-asset ratio
Net assets $250K · Total assets $395K
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $395K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anthony Brunson · Reported title President · Highest reported compensation $0 · Total expenses $210K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $210K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 16%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$237K revenue · viewing · ⤓ 990 PDF
FY2024$204K revenue · ⤓ 990 PDF
FY2023$197K revenue · ⤓ 990 PDF
FY2022$176K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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