Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $199,790

• 1f · All other contributions, gifts and grants

  $15,901,135

• 1g · Noncash contributions included above

  $3,158,249

• 2a · Program service revenue: MEMBERSHIP REVENUE

  total $24,414,955 · related or exempt $24,414,955

• 3 · Investment income

  total $1,077,322 · excluded $1,077,322

• 5 · Royalties

  total $100,197 · excluded $100,197

• 7a · Gross sales of assets other than inventory

  securities $9,091,795

• 7b · Less cost or other basis and sales expenses

  securities $9,001,112

• 7c · Gain or loss

  securities $90,683

• 7d · Net gain or loss

  total $90,683 · excluded $90,683

• 11a · Other revenue: ATHLETICS RESTRICTED REVENUE

  total $495,614 · related or exempt $495,614

• 11b · Other revenue: GAMEDAY RV PARKING

  total $147,341 · related or exempt $147,341

• 11c · Other revenue: GROVE TENT VENDORS

  total $128,825 · related or exempt $128,825

• 11e · Other revenue, total

  $771,780

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $18,228,281 · program services $18,228,281

• 5 · Compensation of officers, directors and key employees

  total $353,452 · management and general $176,726 · fundraising $176,726

• 7 · Other salaries and wages

  total $16,025,553 · program services $14,810,260 · management and general $233,628 · fundraising $981,665

• 8 · Pension plan contributions

  total $331,460 · management and general $71,029 · fundraising $260,431

• 9 · Other employee benefits

  total $217,521 · program services $171,624 · management and general $5,142 · fundraising $40,755

• 10 · Payroll taxes

  total $3,306,117 · program services $3,187,969 · management and general $29,537 · fundraising $88,611

• 11b · Fees: legal

  total $12,578 · management and general $12,578

• 11c · Fees: accounting

  total $45,313 · management and general $45,313

• 11f · Fees: investment management

  total $87,263 · program services $87,263

• 11g · Fees: other

  total $202,405 · program services $144,350 · fundraising $58,055

• 12 · Advertising and promotion

  total $81,349 · management and general $40,484 · fundraising $40,865

• 13 · Office expenses

  total $914,831 · program services $739,114 · management and general $114,963 · fundraising $60,754

• 14 · Information technology

  total $1,039,994 · program services $1,039,994

• 16 · Occupancy

  total $5,971 · program services $5,971

• 17 · Travel

  total $171,069 · fundraising $171,069

• 19 · Conferences, conventions and meetings

  total $22,661 · management and general $22,661

• 20 · Interest

  total $2,966,397 · program services $2,966,397

• 22 · Depreciation, depletion and amortization

  total $3,099,148 · program services $3,082,618 · management and general $4,132 · fundraising $12,398

• 23 · Insurance

  total $112,382 · management and general $112,382

• 24a · Other expenses: PROVISION FOR UNCOLLECT

  total $2,686,265 · program services $2,686,265

• 24b · Other expenses: PRIORITY SEATING AND GA

  total $2,325,076 · program services $2,325,076

• 24c · Other expenses: GIFTS IN-KIND EXPENSE A

  total $876,245 · program services $876,245

• 24d · Other expenses: PHILANTHROPIC EVENTS

  total $307,144 · fundraising $307,144

• 24e · All other expenses

  total $305,619 · program services $156,897 · fundraising $148,722

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $21,707,361 · end of year $16,080,519

• 3 · Pledges and grants receivable

  beginning of year $43,825,097 · end of year $45,476,593

• 4 · Accounts receivable

  beginning of year $8,785,506 · end of year $141,312

• 9 · Prepaid expenses and deferred charges

  beginning of year $304,273 · end of year $98,689

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

  $87,719,939

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

  $26,624,164

• 10c · Land, buildings and equipment, net

  beginning of year $58,444,169 · end of year $61,095,775

• 11 · Investments: publicly traded securities

  beginning of year $2,016,195 · end of year $781,785

• 12 · Investments: other securities

  end of year $1,295,561

• 14 · Intangible assets

  end of year $572,957

• 15 · Other assets

  beginning of year $1,176,814 · end of year $607,994

• 17 · Accounts payable and accrued expenses

  beginning of year $6,638,121 · end of year $3,789,592

• 19 · Deferred revenue

  beginning of year $41,199 · end of year $20,599

• 23 · Secured mortgages and notes payable

  beginning of year $49,608,016 · end of year $56,665,465

• 25 · Other liabilities

  beginning of year $8,787,795 · end of year $5,644,816

• 27 · Net assets without donor restrictions

  beginning of year $19,826,550 · end of year $9,794,215

• 28 · Net assets with donor restrictions

  beginning of year $51,357,734 · end of year $50,236,498

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL AND TRAVEL FOR COMPANIONS ARE PROVIDED TO CERTAIN COACHES AND INCLUDED IN THEIR TAXABLE COMPENSATION. SOCIAL CLUB DUES ARE PROVIDED TO CERTAIN COACHES AND OFFICERS OF THE FOUNDATION AND INCLUDED IN THEIR TAXABLE COMPENSATION.

PART I, LINE 4A

JOHN KERMIT DAVIS, TOTAL SEVERANCE PAYMENTS OF $4,294,154

PART I, LINE 7

THE COACHES' INCENTIVE COMPENSATION CONTRACTS ARE BASED ON TEAM ACCOMPLISHMENTS. SEVERANCE PAYMENTS TO FORMER COACHES ARE BASED ON CONTRACTS.