Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $840,895

• 1g · Noncash contributions included above

  $45,089

• 2a · Program service revenue: SPONSORSHIP REVENUE

  total $2,473,327 · related or exempt $2,225,994 · unrelated business $247,333

• 2b · Program service revenue: ATHLETIC PROGRAMS

  total $1,410,813 · related or exempt $1,410,813

• 2c · Program service revenue: ASUN/NCAA REVENUE

  total $1,305,133 · related or exempt $1,305,133

• 2d · Program service revenue: OTHER PROGRAM FEES

  total $11,204 · related or exempt $11,204

• 3 · Investment income

  total $188,952 · excluded $188,952

• 6a · Gross rents

  real property $243,249

• 6b · Less rental expenses

  real property $222,898

• 6c · Rental income or loss

  real property $20,351

• 6d · Net rental income or loss

  total $20,351 · excluded $20,351

• 11a · Other revenue: MISCELLANEOUS

  total $16,795 · excluded $16,795

• 11b · Other revenue: COMMISSIONS

  total $3,646 · related or exempt $3,646

• 11e · Other revenue, total

  $20,441

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,550,612 · program services $4,550,612

• 11b · Fees: legal

  total $30 · management and general $30

• 11c · Fees: accounting

  total $74,562 · management and general $74,562

• 11g · Fees: other

  total $305,087 · program services $71,004 · management and general $234,083

• 12 · Advertising and promotion

  total $24,070 · program services $5,764 · management and general $18,306

• 13 · Office expenses

  total $387,179 · program services $184,824 · management and general $181,126 · fundraising $21,229

• 16 · Occupancy

  total $142,505 · program services $110,874 · management and general $19,529 · fundraising $12,102

• 17 · Travel

  total $626,940 · program services $395,394 · management and general $168,217 · fundraising $63,329

• 20 · Interest

  total $2,245 · management and general $2,245

• 22 · Depreciation, depletion and amortization

  total $230,627 · management and general $230,627

• 24a · Other expenses: UNIFORMS AND EQUIPMENT

  total $1,285,084 · program services $1,223,198 · management and general $61,886

• 24b · Other expenses: CONTRACTS

  total $782,853 · management and general $782,853

• 24c · Other expenses: GUARANTEES

  total $344,000 · program services $344,000

• 24d · Other expenses: RECRUITING

  total $239,150 · program services $239,150

• 24e · All other expenses

  total $655,310 · program services $239,299 · management and general $284,796 · fundraising $131,215

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,195,972 · end of year $6,052,889

• 4 · Accounts receivable

  beginning of year $652,150 · end of year $458,105

• 8 · Inventories for sale or use

  beginning of year $639,525 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,780 · end of year $4,950

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

  $4,118,351

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

  $2,794,713

• 10c · Land, buildings and equipment, net

  beginning of year $1,504,319 · end of year $1,323,638

• 15 · Other assets

  beginning of year $866,031 · end of year $346,073

• 17 · Accounts payable and accrued expenses

  beginning of year $409,407 · end of year $79,696

• 18 · Grants payable

  end of year $4,297,981

• 19 · Deferred revenue

  beginning of year $652,945 · end of year $617,720

• 23 · Secured mortgages and notes payable

  beginning of year $84,881 · end of year $47,936

• 25 · Other liabilities

  beginning of year $594,367 · end of year $396,283

• 27 · Net assets without donor restrictions

  beginning of year $2,405,585 · end of year -$960,252

• 28 · Net assets with donor restrictions

  beginning of year $3,719,592 · end of year $3,706,291

The filer's explanations (Part III)

SCHEDULE J, PART I:

KENNESAW STATE UNIVERSITY ATHLETIC ASSOCIATION, INC. DOES NOT DIRECTLY EMPLOY ANY INDIVIDUALS AND THEREFORE HAS NO W-2 EMPLOYEES. ASSOCIATION STAFF ARE EMPLOYED BY THE REPORTING AGENT, KENNESAW STATE UNIVERSITY (EIN 58-0968786), A RELATED ORGANIZATION. THE SALARIES AND ASSOCIATED COMPENSATION COSTS FOR THESE INDIVIDUALS ARE ACCOUNTED FOR AS NONFINANCIAL IN-KIND CONTRIBUTIONS TO THE ASSOCIATION.