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Nonprofiteer
← USF MANAGEMENT CORPORATION

Form 990 for tax year 2023

Filed by USF MANAGEMENT CORPORATION.

Totals

Total revenue
$7,457,099
Total expenses
$7,429,824
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,457,099
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,428,869
Total liabilities, end of year
$3,954,568
Net assets or fund balances, end of year
-$525,699
Program services expenses (Part IX)
$6,031,147
Management and general expenses
$1,398,677
Fundraising expenses
$0
Program service expenses (Part III)
$6,031,147

Program services were 81.2% 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.

  • 2a · Program service revenue: EVENT FEES

    total $6,186,962 · related or exempt $6,186,962

  • 2b · Program service revenue: PARKING REVENUE

    total $584,345 · related or exempt $584,345

  • 2c · Program service revenue: UNIVERSITY MANAGEMENT

    total $384,049 · related or exempt $384,049

  • 2d · Program service revenue: TICKET REVENUES

    total $176,806 · related or exempt $176,806

  • 2e · Program service revenue: SPONSORSHIPS & COMMISS

    total $124,937 · related or exempt $124,937

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $882,869 · program services $496,321 · management and general $386,548

  • 9 · Other employee benefits

    total $66,000 · program services $40,139 · management and general $25,861

  • 10 · Payroll taxes

    total $142,849 · program services $81,800 · management and general $61,049

  • 11a · Fees: management

    total $394,241 · program services $394,241

  • 11c · Fees: accounting

    total $59,805 · management and general $59,805

  • 11g · Fees: other

    total $3,609,579 · program services $3,398,727 · management and general $210,852

  • 12 · Advertising and promotion

    total $688,196 · program services $688,196

  • 13 · Office expenses

    total $557,879 · management and general $557,879

  • 14 · Information technology

    total $32,804 · management and general $32,804

  • 16 · Occupancy

    total $161,927 · program services $161,927

  • 17 · Travel

    total $123,384 · program services $86,369 · management and general $37,015

  • 19 · Conferences, conventions and meetings

    total $806 · program services $806

  • 22 · Depreciation, depletion and amortization

    total $64,466 · program services $64,466

  • 23 · Insurance

    total $204,064 · program services $199,982 · management and general $4,082

  • 24a · Other expenses: REIMBURSEMENTS TO USF

    total $415,448 · program services $415,448

  • 24b · Other expenses: OTHER EXPENSES

    total $14,172 · management and general $14,172

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $8,610 · management and general $8,610

  • 24d · Other expenses: GROUP SALES COMMISSION

    total $2,444 · program services $2,444

  • 24e · All other expenses

    total $281 · program services $281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,900,360 · end of year $2,345,419

  • 4 · Accounts receivable

    beginning of year $629,088 · end of year $518,732

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,045 · end of year $48,643

  • 10a · Land, buildings and equipment: cost or other basis

    $3,172,420

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,687,182

  • 10c · Land, buildings and equipment, net

    beginning of year $549,704 · end of year $485,238

  • 15 · Other assets

    beginning of year $215,511 · end of year $30,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,122,024 · end of year $1,122,951

  • 19 · Deferred revenue

    beginning of year $2,622,905 · end of year $770,270

  • 25 · Other liabilities

    beginning of year $158,753 · end of year $2,061,347

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$552,974 · end of year -$525,699

Mission and programs · 2023

Mission

OPERATE AND ADMINISTER FOR AND ON BEHALF OF THE UNIVERSITY OF SOUTH FLORIDA THE USF SUN DOME FOR THE CONDUCT OF UNIVERSITY ACTIVITIES, EVENTS AND ENTERTAINMENT ON BEHALF OF THE UNIVERSITY'S STUDENTS, FACULTY AND STAFF AS WELL AS THE COMMUNITY IN THE WHICH THE UNIVERSITY RESIDES.

Activities or mission (Part I)

THE ORGANIZATION OPERATES A MULTI-PURPOSE FACILITY KNOWN AS THE SUN DOME ARENA ON BEHALF OF THE UNIVERSITY OF SOUTH FLORIDA TO PROVIDE STUDENTS, FACULTY, AND STAFF OF THE UNIVERSITY, AS WELL AS, THE GENERAL PUBLIC AN ARRAY OF CULTURAL, ATHLETIC, ENTERTAINMENT AND OTHER EDUCATIONAL EVENTS AND ACTIVITIES. THE ORGANIZATION OWNS AND OPERATES A CESSNA I SP AIRCRAFT TO CONDUCT OFFICIAL USF BUSINESS PURSUANT TO USF SYSTEM POLICY 0-021

  • THE ORGANIZATION MANAGES AND OPERATES A MULTI-PURPOSE FACILITY KNOWN AS THE SUN DOME ARENA ON BEHALF OF THE UNIVERSITY OF SOUTH FLORIDA (UNIVERSITY) TO PROVIDE STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY, AS WELL AS THE GENERAL PUBLIC AN ARRAY OF ACTIVITIES. THE ARENA HOSTED 139 EVENTS IN FISCAL YEAR 2024.

    Expenses $5,670,592 · Revenue $7,160,551

  • THE ORGANIZATION PROVIDES OWNERSHIP AND OPERATIONAL SUPPORT FOR A UNIVERSITY AIRCRAFT EXCLUSIVELY USED TO CONDUCT OFFICIAL UNIVERSITY BUSINESS PURSUANT TO USF SYSTEM POLICY 0-021

    Expenses $360,555 · Revenue $296,548

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

Listed in Part VII

  • Steve Oscher

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Harold Astorquiza

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barry Clements

    DIRECTOR OF OPERATIONS

    Total calculated
    $248,932
    From this org
    $0
    From related orgs
    $218,174
    Other
    $30,758
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,782 related
    Bonus
    $0
    Other
    $0 + $3,392 related
    Deferred
    $0 + $10,902 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $248,932 related

  • Gina Lombardi

    SECRETARY

    Total calculated
    $105,825
    From this org
    $0
    From related orgs
    $90,818
    Other
    $15,007
    Hours/week
    1 + 40 related

  • Mike Lapan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Condon

    MEMBER

    Total calculated
    $328,625
    From this org
    $0
    From related orgs
    $292,528
    Other
    $36,097
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,508 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $1,020 related
    Deferred
    $0 + $14,329 related
    Nontaxable benefits
    $0 + $21,768 related
    Filer's total
    $0 + $328,625 related

  • David Goldstein

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ashley Leko

    SR. ASSOCIATE AD/CFO

    Total calculated
    $160,383
    From this org
    $0
    From related orgs
    $132,217
    Other
    $28,166
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,217 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,310 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $160,383 related

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202511339349301001

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