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Nonprofiteer
← GATOR BOOSTERS INC

Form 990 for tax year 2023

Filed by GATOR BOOSTERS INC.

Totals

Total revenue
$52,881,320
Total expenses
$52,859,598
Contributions and grants received
$48,229,003
Grants paid
$47,472,938
Program service revenue
$1,843,304
Investment income
$2,806,009
Other revenue
$3,004
Total assets, end of year
$37,830,071
Total liabilities, end of year
$38,245,947
Net assets or fund balances, end of year
-$415,876
Program services expenses (Part IX)
$50,122,922
Management and general expenses
$1,345,202
Fundraising expenses
$1,391,474
Program service expenses (Part III)
$50,122,922

Program services were 94.8% 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.

  • 1b · Membership dues

    $36,680,340

  • 1f · All other contributions, gifts and grants

    $11,548,663

  • 2a · Program service revenue: MEMBERSHIP SERVICES

    total $1,780,554 · related or exempt $1,780,554

  • 2b · Program service revenue: HALL OF FAME BANQUET

    total $62,750 · related or exempt $62,750

  • 3 · Investment income

    total $2,813,797 · excluded $2,813,797

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

    securities $7,788

  • 7c · Gain or loss

    securities -$7,788

  • 7d · Net gain or loss

    total -$7,788 · excluded -$7,788

  • 8a · Fundraising events: gross income

    $5,830

  • 8b · Fundraising events: direct expenses

    $2,826

  • 8c · Net income from fundraising events

    total $3,004 · excluded $3,004

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,472,938 · program services $47,472,938

  • 5 · Compensation of officers, directors and key employees

    total $521,173 · management and general $104,235 · fundraising $416,938

  • 7 · Other salaries and wages

    total $1,112,376 · program services $356,670 · management and general $273,428 · fundraising $482,278

  • 8 · Pension plan contributions

    total $89,527 · program services $45,104 · management and general $24,349 · fundraising $20,074

  • 9 · Other employee benefits

    total $197,294 · program services $70,864 · management and general $58,491 · fundraising $67,939

  • 10 · Payroll taxes

    total $105,036 · program services $36,763 · management and general $26,259 · fundraising $42,014

  • 11c · Fees: accounting

    total $222,400 · management and general $222,400

  • 11f · Fees: investment management

    total $489,353 · management and general $489,353

  • 12 · Advertising and promotion

    total $1,393,189 · program services $1,223,616 · management and general $10,736 · fundraising $158,837

  • 13 · Office expenses

    total $155,002 · program services $70,856 · management and general $28,959 · fundraising $55,187

  • 17 · Travel

    total $75,293 · program services $9,798 · management and general $3,266 · fundraising $62,229

  • 19 · Conferences, conventions and meetings

    total $71,204 · management and general $71,204

  • 20 · Interest

    total $668 · program services $668

  • 22 · Depreciation, depletion and amortization

    total $4,562 · management and general $4,562

  • 23 · Insurance

    total $23,658 · management and general $23,658

  • 24a · Other expenses: SUITE EXPENSES

    total $511,858 · program services $511,858

  • 24b · Other expenses: F CLUB EXPENSES

    total $178,444 · program services $178,444

  • 24c · Other expenses: BULL GATOR TDT

    total $139,315 · program services $139,315

  • 24d · Other expenses: HALL OF FAME BANQUET

    total $79,091 · fundraising $79,091

  • 24e · All other expenses

    total $17,217 · program services $6,028 · management and general $4,302 · fundraising $6,887

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,150,570 · end of year $775,627

  • 2 · Savings and temporary cash investments

    beginning of year $1,051,326 · end of year $1,112,670

  • 4 · Accounts receivable

    beginning of year $2,098 · end of year $3,345

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,223 · end of year $29,226

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

    $72,871

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

    $72,871

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $475,090 · end of year $1,401,070

  • 14 · Intangible assets

    beginning of year $19,493 · end of year $14,516

  • 15 · Other assets

    beginning of year $31,665,035 · end of year $34,493,617

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,278 · end of year $172,717

  • 19 · Deferred revenue

    beginning of year $31,127,875 · end of year $32,038,629

  • 25 · Other liabilities

    beginning of year $4,405,280 · end of year $6,034,601

  • 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 -$437,598 · end of year -$415,876

Mission and programs · 2023

Mission

THE MISSION OF GATOR BOOSTERS, INC. IS TO STRENGTHEN THE UNIVERSITY OF FLORIDA'S ATHLETIC PROGRAM BY ENCOURAGING PRIVATE GIVING AND VOLUNTEER LEADERSHIP FROM GATORS EVERYWHERE IN STRICT COMPLIANCE WITH THE RULES AND REGULATIONS OF THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION.

Activities or mission (Part I)

PROVIDE FUNDS TO THE UNIVERSITY OF FLORIDA ATHLETIC ASSOCIATION FOR SCHOLARSHIPS GIVEN TO STUDENTS WHO PARTICIPATE IN THE ATHLETIC PROGRAMS AT THE UNIVERSITY. PROVIDE FUNDS TO THE UNIVERSITY OF FLORIDA ATHLETIC ASSOCIATION FOR CAPITAL IMPROVEMENTS TO FACILITIES USED BY STUDENTS ENROLLED AT THE UNIVERSITY OF FLORIDA.

  • PROVIDE FUNDS TO THE UNIVERSITY OF FLORIDA ATHLETIC ASSOCIATION FOR SCHOLARSHIPS GIVEN TO STUDENTS WHO PARTICIPATE IN THE ATHLETIC PROGRAMS AT THE UNIVERSITY AND TO PROVIDE FUNDS TO THE UNIVERSITY OF FLORIDA FOUNDATION FOR ENDOWMENTS. IN TOTAL THERE WERE 731 STUDENT ATHLETES AND MANAGERS THAT WERE PROVIDED WITH SCHOLARSHIPS FROM THE ATHLETIC ASSOCIATION IN THE CURRENT YEAR.

    Expenses $41,236,606 · Grants $39,056,438 · Revenue $1,516,504

  • PROVIDE FUNDS TO THE UNIVERSITY OF FLORIDA ATHLETIC ASSOCIATION FOR CAPITAL IMPROVEMENTS TO FACILITIES USED BY STUDENTS ENROLLED AT THE UNIVERSITY OF FLORIDA. THERE WERE 12 CAPITAL PROJECTS THAT WERE FUNDED IN THE CURRENT YEAR: ADMIN OFFICE RENOVATION, BASEBALL STADIUM, BASKETBALL PRACTICE FACILITY, BEN HILL GRIFFIN RENOVATIONS, FOOTBALL IN-DOOR PRACTICE FACILITY, FOOTBALL TRAINING CENTER, HAWKINS CENTER RENOVATION, GOLF COURSE, O'CONNELL CENTER RENOVATION, SOFTBALL STADIUM, SWIM/DIVE RENOVATION, AND TRACK STADIUM RENOVATION.

    Expenses $8,886,316 · Grants $8,416,500 · Revenue $326,800

As filed on the 2023 return.

Listed in Part VII

  • Alvin Cowans

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1
  • Andrew Banks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Barrett Bostick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bill Lloyd

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Bob Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bruce Culpepper

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Chris Laface

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cj Schmidt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Clare Peacock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Corby Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Danielle Dizney Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Bumpy Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Bueno

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dean Asher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dean Saunders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Debbie Hooks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Don Dizney

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Doug Davidson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ed Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Frank Hamner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Fred Pruitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gary Condron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gene Peek

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Greg Masters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Grier Pressly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hugh Hathcock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Irene Dizney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jack Bispham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • James Bill Heavener

    BOT CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jamie Pressly

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Jason Rosenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Boone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jerry Chicone Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Duke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Horner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joel Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Frost

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Johnny Holloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jon Pritchett

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Justin Kintz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karen Skiratko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karen Unger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katie Pressly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kelly Pritchett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kelly Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kent Fuchs

    BOARD MEMBER, UNTIL 2/2023

    Total calculated
    $1,303,331
    From this org
    $0
    From related orgs
    $1,166,881
    Other
    $136,450
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $977,923 related
    Bonus
    $0
    Other
    $0 + $188,958 related
    Deferred
    $0 + $113,916 related
    Nontaxable benefits
    $0 + $22,534 related
    Filer's total
    $0 + $1,303,331 related
  • Kevin Coleman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Beach Walden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kyle Story

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lee Chira

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Len Johnson

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Louis Oberndorf

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Mark Bostick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Jo Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Laporta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Minton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Natalie Arbaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Neil McFarlane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Preston Farrior

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Prineet Sharma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rob Gidel

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Robert Buckner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Robert Ferreira

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ron Coleman

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ron May

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ron Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sal Bochicchio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Scott Bryan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Steve Demontmollin

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Steven Starkey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tim Hulett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tommy Oakley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tommy Shannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tom Donahoo

    PAST PRESIDENT, DECEASED 5/2024

    Total calculated
    $0
    Hours/week
    1
  • Vic Miranda

    PAST PRESIDENT, DECEASED 5/2024

    Total calculated
    $0
    Hours/week
    1
  • Eric Nickelsen

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Judy Boles

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Rex Farrior III

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Steve Melnyk

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ben Sasse

    BOARD MEMBER, AS OF 2/2023

    Total calculated
    $1,058,991
    From this org
    $0
    From related orgs
    $877,907
    Other
    $181,084
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $874,483 related
    Bonus
    $0
    Other
    $0 + $3,424 related
    Deferred
    $0 + $158,230 related
    Nontaxable benefits
    $0 + $22,854 related
    Filer's total
    $0 + $1,058,991 related
  • Lynda Tealer

    BOARD MEMBER UNITL 6/2024

    Total calculated
    $602,545
    From this org
    $0
    From related orgs
    $563,367
    Other
    $39,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $473,962 related
    Bonus
    $0 + $85,395 related
    Other
    $0 + $4,010 related
    Deferred
    $0 + $26,009 related
    Nontaxable benefits
    $0 + $13,169 related
    Filer's total
    $0 + $602,545 related
  • Maria Martin

    BOARD MEMBER

    Total calculated
    $452,623
    From this org
    $0
    From related orgs
    $398,009
    Other
    $54,614
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,501 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $28,508 related
    Deferred
    $0 + $29,200 related
    Nontaxable benefits
    $0 + $25,414 related
    Filer's total
    $0 + $452,623 related
  • Philip Pharr

    EXECUTIVE DIRECTOR

    Total calculated
    $280,239
    From this org
    $241,912
    From related orgs
    $0
    Other
    $38,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,403
    Bonus
    $54,509
    Other
    $0
    Deferred
    $22,029
    Nontaxable benefits
    $16,298
    Filer's total
    $280,239
  • Douglas Brown

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $220,310
    From this org
    $181,353
    From related orgs
    $0
    Other
    $38,957
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,755
    Bonus
    $26,598
    Other
    $0
    Deferred
    $17,208
    Nontaxable benefits
    $21,749
    Filer's total
    $220,310

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study

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

The filer's explanations (Part III)

PART I, LINE 1A
PRIVATE AIRCRAFT ARE USED, AS APPROPRIATE, WHEN GATOR BOOSTERS' OFFICERS ARE TRAVELING WITH THE TEAM, ADMINISTRATION, AND DONORS TO UNIVERSITY INVOLVED SPORTING EVENTS.
PART I, LINE 3
THE PERSONNEL COMMITTEE SHALL BE RESPONSIBLE FOR PERFORMING AN ANNUAL REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR AND TO ASSIST THE EXECUTIVE DIRECTOR IN HIS OR HER ANNUAL REVIEW OF THE CORPORATION'S EMPLOYEES. THE ATHLETIC DIRECTOR AND PRESIDENT OF UNIVERSITY OF FLORIDA SHALL BE THE ONLY RESPONSIBLE PARTIES FOR DETERMING THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE HUMAN RESOURCES DEPARTMENT INVOLVEMENT WILL BE TO CONDUCT A SALARY COMPARABILITY ANALYSIS WITH OTHER INDIVIDUALS IN THE SAME FIELD, PRACTICE AND/OR LIKE JOB DESCRIPTIONS.

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
5 May 2025
IRS schema version
2023v6.0
Source object
202521269349300702

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