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Nonprofiteer
← FLORIDA STATE UNIVERSITY ATHLETICS ASSOCIATION INC

Form 990 for tax year 2023

Filed by FLORIDA STATE UNIVERSITY ATHLETICS ASSOCIATION INC.

Totals

Total revenue
$42,884,699
Total expenses
$45,306
Contributions and grants received
$42,865,748
Grants paid
$44,046
Program service revenue
$0
Investment income
$18,951
Other revenue
$0
Total assets, end of year
$93,645,040
Total liabilities, end of year
$53,112,952
Net assets or fund balances, end of year
$40,532,088
Program services expenses (Part IX)
$44,046
Management and general expenses
$1,260
Fundraising expenses
$0
Program service expenses (Part III)
$44,046

Program services were 97.2% 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.

  • 1d · Related organizations

    $42,865,748

  • 3 · Investment income

    total $18,951 · excluded $18,951

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,046 · program services $44,046

  • 11g · Fees: other

    total $1,260 · management and general $1,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $455

  • 2 · Savings and temporary cash investments

    end of year $6,184,545

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

    $83,432,936

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $83,432,936

  • 15 · Other assets

    beginning of year $12,645 · end of year $4,027,104

  • 17 · Accounts payable and accrued expenses

    end of year $23,990,657

  • 25 · Other liabilities

    beginning of year $2,316,666 · end of year $29,122,295

  • 27 · Net assets without donor restrictions

    beginning of year -$2,304,021 · end of year $36,533,295

  • 28 · Net assets with donor restrictions

    end of year $3,998,793

Mission and programs · 2023

Mission

FSU ATHLETIC ASSOCIATION WAS CREATED AS A NOT-FOR-PROFIT ORGANIZATION TO STIMULATE AND PROMOTE THE EDUCATION, HEALTH, AND PHYSICAL WELFARE OF THE STUDENTS OF FLORIDA STATE UNIVERSITY BY PROVIDING FINACIAL SUPPORT FOR THE INTERCOLLEGIATE PROGRAM AT FSU.

Activities or mission (Part I)

THE PURPOSE OF THE FLORIDA STATE UNIVERSITY ATHLETIC ASSOCIATION, INC. IS TO ADMINISTER VARSITY COLLEGIATE ATHLETICS FOR AND ON BEHALF OF FLORIDA STATE UNIVERSITY, INCLUDING OVERSIGHT, GOVERNANCE, COORDINATION BETWEEN THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS AND SEMINOLE BOOSTERS.

  • THE ASSOCIATION ASSISTS THE UNIVERSITY WITH THE TERMINATION BENEFITS RECEIVED BY RECENTLY TERMINATED ATHLETIC COACHES.

    Expenses $44,046 · Grants $44,046

As filed on the 2023 return.

Listed in Part VII

  • Richard McCullough

    BOARD CHAIR

    Total calculated
    $1,644,648
    From this org
    $0
    From related orgs
    $1,365,751
    Other
    $278,897
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $867,071 related
    Bonus
    $0 + $337,785 related
    Other
    $0 + $160,895 related
    Deferred
    $0 + $247,664 related
    Nontaxable benefits
    $0 + $31,233 related
    Filer's total
    $0 + $1,644,648 related

  • Douglas Walker

    VICE PRESIDENT

    Total calculated
    $108,382
    From this org
    $0
    From related orgs
    $94,457
    Other
    $13,925
    Hours/week
    1 + 40 related

  • Ross Cobb

    TREASURER

    Total calculated
    $193,588
    From this org
    $0
    From related orgs
    $159,332
    Other
    $34,256
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,732 related
    Bonus
    $0
    Other
    $0 + $9,600 related
    Deferred
    $0 + $14,400 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $193,588 related

  • Cindy Hartmann

    SECRETARY

    Total calculated
    $347,569
    From this org
    $0
    From related orgs
    $299,595
    Other
    $47,974
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,995 related
    Bonus
    $0
    Other
    $0 + $9,600 related
    Deferred
    $0 + $28,118 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $347,569 related

  • Peter Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Michael Brady

    DIRECTOR

    Total calculated
    $421,784
    From this org
    $0
    From related orgs
    $372,442
    Other
    $49,342
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,442 related
    Bonus
    $0
    Other
    $0 + $15,000 related
    Deferred
    $0 + $29,486 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $421,784 related

  • Charlie Dudley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Alma Littles

    DIRECTOR

    Total calculated
    $490,996
    From this org
    $0
    From related orgs
    $436,256
    Other
    $54,740
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,256 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,884 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $490,996 related

  • Michael Alford

    CEO

    Total calculated
    $1,091,253
    From this org
    $0
    From related orgs
    $1,036,448
    Other
    $54,805
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $943,448 related
    Bonus
    $0 + $69,000 related
    Other
    $0 + $24,000 related
    Deferred
    $0 + $32,769 related
    Nontaxable benefits
    $0 + $22,036 related
    Filer's total
    $0 + $1,091,253 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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

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
1 May 2025
IRS schema version
2023v6.0
Source object
202501289349301100

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