Form 990 for tax year 2024
Filed by UNITED STATES SPORTS UNIVERSITY INC.
Totals
- Total revenue
- $5,234,740
- Total expenses
- $6,391,117
- Contributions and grants received
- $39,221
- Grants paid
- $0
- Program service revenue
- $3,665,485
- Investment income
- $245,751
- Other revenue
- $1,284,283
- Total assets, end of year
- $17,532,539
- Total liabilities, end of year
- $443,092
- Net assets or fund balances, end of year
- $17,089,447
- Program services expenses (Part IX)
- $6,391,117
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,391,117
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$39,221
-
1g · Noncash contributions included above
$14,000
-
2a · Program service revenue: TUITION & FEES
total $3,665,485 · related or exempt $3,665,485
-
3 · Investment income
total $245,751 · related or exempt $245,751
-
6a · Gross rents
real property $53,945
-
6b · Less rental expenses
real property $7,503
-
6c · Rental income or loss
real property $46,442
-
6d · Net rental income or loss
total $46,442 · related or exempt $46,442
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$243
-
10b · Cost of goods sold
$118
-
10c · Net income from sales of inventory
total $125 · related or exempt $125
-
11a · Other revenue: REALIZED GL ON INV
total $1,213,421 · related or exempt $1,213,421
-
11b · Other revenue: OTHER INCOME
total $24,295 · related or exempt $24,295
-
11e · Other revenue, total
$1,237,716
Functional expenses
Part IX, the statement of functional expenses.
-
20 · Interest
total $5,728 · program services $5,728
-
22 · Depreciation, depletion and amortization
total $237,366 · program services $237,366
-
24a · Other expenses: INSTRUCTION
total $1,255,196 · program services $1,255,196
-
24b · Other expenses: STUDENT SERVICES
total $1,236,163 · program services $1,236,163
-
24c · Other expenses: ACADEMIC SUPPORT
total $314,835 · program services $314,835
-
24d · Other expenses: MANAGEMENT AND GENERAL
total $2,404,070 · program services $2,404,070
-
24e · All other expenses
total $937,759 · program services $937,759
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $297,820 · end of year $213,142
-
2 · Savings and temporary cash investments
beginning of year $11,809,978 · end of year $9,656,692
-
4 · Accounts receivable
beginning of year $1,467,169 · end of year $144,475
-
8 · Inventories for sale or use
beginning of year $67,037 · end of year $64,994
-
9 · Prepaid expenses and deferred charges
beginning of year $217,065 · end of year $236,977
-
10a · Land, buildings and equipment: cost or other basis
$12,057,673
-
10b · Land, buildings and equipment: accumulated depreciation
$5,065,012
-
10c · Land, buildings and equipment, net
beginning of year $6,953,371 · end of year $6,992,661
-
15 · Other assets
beginning of year $216,503 · end of year $223,598
-
17 · Accounts payable and accrued expenses
beginning of year $2,129,057 · end of year $334,485
-
25 · Other liabilities
beginning of year $45,645 · end of year $108,607
-
27 · Net assets without donor restrictions
beginning of year $18,854,241 · end of year $17,089,447
Mission and programs · 2024
Mission
THE ACADEMY IS AN ACCREDITED UNIVERSITY PROVIDING FORWARD THINKING EDUCATION, SPECIALIZED RESEARCH AND SUPERIOR SERVICE IN THE GLOBAL REALM OF SPORTS. THE ACDEMY PREPARES AND EMPOWERS FUTURE LEADERS FOR A MULTIFACETED AND SUCCESSFUL CAREER IN GLOBAL SPORTS THROUGH EXCELLENCE.
-
ACADEMIC INSTRUCTION - PRIVATE EDUCATIONAL CONTRACTS
Expenses $6,391,117
As filed on the 2024 return.
Listed in Part VII
-
Steve CondonSTEVE CONDON
PRESIDENT CEO
- Total calculated
- $233,633
- From this org
- $233,633
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,633
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $233,633
-
Frederick CromartieFREDERICK CROMARTIE
VICE PRESIDENT OF ACADEMIC AFFAIRS
- Total calculated
- $109,070
- From this org
- $109,070
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Joan CronanJOAN CRONAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Lee McElroyLEE MCELROY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Jack ScharrJACK SCHARR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Thomas RosandichTHOMAS ROSANDICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Joseph J SzlavikJOSEPH J SZLAVIK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Vincent ButtaVINCENT BUTTA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Karen HongKAREN HONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
China JudeCHINA JUDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Walter WukaschWALTER WUKASCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Tina XavieTINA XAVIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Joe DurantJOE DURANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Tim LetzringTIM LETZRING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Ann DrysdaleANN DRYSDALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Marino NiccolaiMARINO NICCOLAI
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Reginald SykesREGINALD SYKES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Randy SmithRANDY SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349310192
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