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Nonprofiteer
← UNITED STATES SPORTS UNIVERSITY INC

Form 990 for tax year 2022

Filed by UNITED STATES SPORTS UNIVERSITY INC.

Totals

Total revenue
$2,829,333
Total expenses
$4,945,615
Contributions and grants received
$10,991
Grants paid
$0
Program service revenue
$2,095,324
Investment income
$483,491
Other revenue
$239,527
Total assets, end of year
$20,491,837
Total liabilities, end of year
$357,139
Net assets or fund balances, end of year
$20,134,698
Program services expenses (Part IX)
$4,945,615
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,945,615

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

    $10,991

  • 1g · Noncash contributions included above

    $7,000

  • 2a · Program service revenue: TUITION & FEES

    total $2,095,324 · related or exempt $2,095,324

  • 3 · Investment income

    total $483,491 · related or exempt $483,491

  • 6a · Gross rents

    real property $58,850

  • 6b · Less rental expenses

    real property $10,012

  • 6c · Rental income or loss

    real property $48,838

  • 6d · Net rental income or loss

    total $48,838 · unrelated business $48,838

  • 10a · Gross sales of inventory

    $3,089

  • 10b · Cost of goods sold

    $4,526

  • 10c · Net income from sales of inventory

    total -$1,437 · related or exempt -$1,437

  • 11a · Other revenue: REALIZED GL ON INV

    total -$131,608 · related or exempt -$131,608

  • 11b · Other revenue: EMPLOYEE RETENTION CRED

    total $243,804 · related or exempt $243,804

  • 11c · Other revenue: OTHER INCOME

    total $79,930 · related or exempt $79,930

  • 11e · Other revenue, total

    $192,126

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $116,312 · program services $116,312

  • 24a · Other expenses: INSTRUCTION

    total $1,224,946 · program services $1,224,946

  • 24b · Other expenses: STUDENT SERVICES

    total $468,210 · program services $468,210

  • 24c · Other expenses: ACADEMIC SUPPORT

    total $343,069 · program services $343,069

  • 24d · Other expenses: MANAGEMENT AND GENERAL

    total $2,793,078 · program services $2,793,078

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $210,744 · end of year $171,830

  • 2 · Savings and temporary cash investments

    beginning of year $15,346,880 · end of year $13,672,734

  • 4 · Accounts receivable

    beginning of year $22,484 · end of year $19,118

  • 8 · Inventories for sale or use

    beginning of year $107,154 · end of year $105,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,904 · end of year $173,207

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

    $11,924,475

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

    $5,934,019

  • 10c · Land, buildings and equipment, net

    beginning of year $5,904,437 · end of year $5,990,456

  • 15 · Other assets

    beginning of year $344,673 · end of year $358,932

  • 17 · Accounts payable and accrued expenses

    beginning of year $375,019 · end of year $318,252

  • 25 · Other liabilities

    end of year $38,887

  • 27 · Net assets without donor restrictions

    beginning of year $21,735,257 · end of year $20,134,698

Mission and programs · 2022

Mission

CREATED TO SERVE THE NATION AND THE WORLD WITH PROGRAMS IN INSTRUCTION RESEARCH AND SERVICE THROUGH DEGREES IN SPORTS RELATED FIELDS

  • ACADEMIC INSTRUCTION - PRIVATE EDUCATIONAL CONTRACTS

    Expenses $4,945,615

As filed on the 2022 return.

Listed in Part VII

  • Thomas J Rosandich

    TRUSTEE

    Total calculated
    $219,604
    From this org
    $219,604
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $219,604
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,604

  • Steve Condon

    PRESIDENT CEO

    Total calculated
    $180,864
    From this org
    $180,864
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,864
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,864

  • Frederick Cromartie

    EMPLOYEE

    Total calculated
    $118,789
    From this org
    $118,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Reginald Sykes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Vincent Butta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Chris Plonsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Joseph Szlavik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Gary Cunningham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Joan Cronan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Susan McCollough

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jack Scharr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Lee McElroy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Marino Niccolai

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Robert C Campbell III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Randy 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
2022
Filed
26 December 2023
IRS schema version
2022v5.0
Source object
202440169349301684

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