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Nonprofiteer
← FriendsoftheUniversity of NotreDame INC

Form 990 for tax year 2023

Filed by FriendsoftheUniversity of NotreDame INC.

Totals

Total revenue
$20,501,022
Total expenses
$5,621,169
Contributions and grants received
$19,776,952
Grants paid
$106,200
Program service revenue
$0
Investment income
$724,070
Other revenue
$0
Total assets, end of year
$21,164,470
Total liabilities, end of year
$26,888
Net assets or fund balances, end of year
$21,137,582
Program services expenses (Part IX)
$5,547,102
Management and general expenses
$74,067
Fundraising expenses
$0
Program service expenses (Part III)
$5,547,102

Program services were 98.7% 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

    $19,776,952

  • 1g · Noncash contributions included above

    $4,769,601

  • 3 · Investment income

    total $329,422 · related or exempt $329,422

  • 7a · Gross sales of assets other than inventory

    securities $394,648

  • 7c · Gain or loss

    securities $394,648

  • 7d · Net gain or loss

    total $394,648 · related or exempt $394,648

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $106,200 · program services $106,200

  • 5 · Compensation of officers, directors and key employees

    total $133,750 · program services $107,000 · management and general $26,750

  • 9 · Other employee benefits

    total $28,002 · program services $22,402 · management and general $5,600

  • 10 · Payroll taxes

    total $13,109 · program services $10,487 · management and general $2,622

  • 11b · Fees: legal

    total $30,185 · program services $24,148 · management and general $6,037

  • 11c · Fees: accounting

    total $9,875 · program services $7,900 · management and general $1,975

  • 11g · Fees: other

    total $83,877 · program services $67,102 · management and general $16,775

  • 12 · Advertising and promotion

    total $66,042 · program services $52,834 · management and general $13,208

  • 23 · Insurance

    total $486 · program services $389 · management and general $97

  • 24a · Other expenses: ATHLETE SERVICE COMP.

    total $5,129,490 · program services $5,129,490

  • 24b · Other expenses: INFORMATIONAL EXPENSES

    total $15,000 · program services $15,000

  • 24c · Other expenses: BANK FEES

    total $4,390 · program services $3,512 · management and general $878

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $593 · program services $474 · management and general $119

  • 24e · All other expenses

    total $170 · program services $164 · management and general $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $436,057 · end of year $981,102

  • 3 · Pledges and grants receivable

    end of year $1,378,006

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,067

  • 11 · Investments: publicly traded securities

    beginning of year $6,080,253 · end of year $18,805,362

  • 17 · Accounts payable and accrued expenses

    end of year $26,888

  • 27 · Net assets without donor restrictions

    beginning of year $6,518,377 · end of year $21,137,582

Mission and programs · 2023

Mission

FRIENDS OF THE UNIVERSITY OF NOTRE DAME, INC (FUND) IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EXEMPT PURPOSES THAT PROMOTES CHARITABLE ORGANIZATIONS AND THEIR MISSIONS BY USING THE NAME, IMAGE, AND LIKENESS OF UNIVERSTIY OF NOTRE DAME STUDENT-ATHLETES.

Activities or mission (Part I)

FRIENDS OF THE UNIVERSITY OF NOTRE DAME, INC (FUND) WAS FOUNDED WITH THE GOAL OF PROMOTING AND SUPPORTING WORTHY CHARITABLE ORGANIZATIONS AND THEIR CAUSES OF CHARITIES USING THE NAME, IMAGE AND LIKENESS OF UNIVERSITY OF NOTRE DAME STUDENT ATHLETES. FUND CONNECTS CHARITIES WITH THE SERVICES OF STUDENT ATHLETES TO HELP FULFILL AND ENHANCE THEIR CHARITABLE MISSIONS AND PROGRAM SERVICES WITH THE NAME, IMAGE, AND LIKENESS SERVICES INCLUDING APPEARANCES, EVENT SUPPORT, SOCIAL MEDIA MARKETING AND CONTENT CREATION, AND OTHER ACTIVITIES ENHANCING THE MISSIONS OF CHARITIES IN THE COMMUNITY WHERE SUCH CHARITIES ARE LOCATED. FUNDS ACTIVITIES LEVERAGE THE STUDENT ATHLETES NAME, IMAGE, AND LIKENESS TO MAKE A DIFFERENCE FOR THE CHARITY AND ENHANCE THEIR CHARITABLE PURPOSES. CHARITIES REQUEST SUPPORT FROM FUND OR ARE IDENTIFIED BASED UPON STUDENT ATHLETES ALIGNMENT WITH THEIR CHARITABLE MISSION.

  • FRIENDS OF THE UNIVERSITY OF NOTRE DAME INC ("FUND") PROVIDED CHARITABLE ORGANIZATIONS WITH IN-KIND SUPPORT SERVICES TO HELP SUPPORTED CHARITIES FULFILL THEIR CHARITABLE MISSIONS AND PROGRAM SERVICES WITH THE SERVICES OF STUDENT ATHLETES WHO MAKE APPEARANCES, CREATE CONTENT ON SOCIAL MEDIA PLATFORMS IN SUPPORT OF THE CHARITABLE ORGANIZATIONS PROGRAMS AND EVENTS, AND OTHERWISE RAISE THE PROFILE OF THE CHARITABLE ORGANIZATIONS IN THE COMMUNITIES WHERE THE ORGANIZATIONS ARE LOCATED. THE PROGRAM LEVERAGES THE STUDENT ATHLETES NAME, IMAGE, AND LIKENESS TO MAKE A DIFFERENCE FOR THE SUPPORTED CHARITIES AND THEIR EXEMPT PURPOSES. SUPPORTED CHARITABLE ORGANIZATIONS REQUEST FUNDS SUPPORT OR ARE IDENTIFIED BY STUDENT ATHLETES WHO ARE ALIGNED WITH A CHARITABLE ORGANIZATIONS MISSION AND WORK.

    Expenses $5,547,102 · Grants $106,200

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Megan Whitt

    COO

    Total calculated
    $67,083
    From this org
    $67,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Kevin Klau

    EXECUTIVE DI

    Total calculated
    $66,667
    From this org
    $66,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Jordan Cornette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Dugard

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Patrick Eilers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Flaherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Graham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Dunne III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Keyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brady Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Christopher Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.0
Source object
202403169349301955

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