Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $49,595,756

• 1e · Government grants (contributions)

  $376,773

• 1f · All other contributions, gifts and grants

  $71,220

• 2a · Program service revenue: SPORTS

  total $76,658,810 · related or exempt $76,658,810

• 2b · Program service revenue: TV AND RADIO

  total $53,254,677 · related or exempt $53,254,677

• 2c · Program service revenue: CONCESSION

  total $5,460,412 · related or exempt $5,460,412

• 2d · Program service revenue: CAMPS

  total $2,789,997 · related or exempt $2,789,997

• 2e · Program service revenue: STUDENT FEES

  total $2,571,952 · related or exempt $2,571,952

• 2f · All other program service revenue

  total $6,960,009 · related or exempt $6,960,009

• 3 · Investment income

  total $2,448,406 · unrelated business $53 · excluded $2,448,353

• 5 · Royalties

  total $10,958,032 · excluded $10,958,032

• 6a · Gross rents

  personal property $606,810

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  personal property $606,810

• 6d · Net rental income or loss

  total $606,810 · excluded $606,810

• 7a · Gross sales of assets other than inventory

  securities $57,790,000 · other assets $10,899

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

  securities $52,178,302 · other assets $0

• 7c · Gain or loss

  securities $5,611,698 · other assets $10,899

• 7d · Net gain or loss

  total $5,622,597 · excluded $5,622,597

• 11a · Other revenue: GOLF COURSE REVENUE

  total $2,182,301 · related or exempt $2,182,301

• 11e · Other revenue, total

  $2,182,301

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,870,900 · program services $9,870,900

• 2 · Grants to domestic individuals

  total $21,790,204 · program services $21,790,204

• 5 · Compensation of officers, directors and key employees

  total $3,058,345 · management and general $3,058,345

• 7 · Other salaries and wages

  total $68,817,681 · program services $57,946,975 · management and general $10,870,706

• 8 · Pension plan contributions

  total $3,167,073 · program services $2,710,055 · management and general $457,018

• 9 · Other employee benefits

  total $5,495,753 · program services $3,320,012 · management and general $2,175,741

• 10 · Payroll taxes

  total $5,573,720 · program services $2,875,954 · management and general $2,697,766

• 11b · Fees: legal

  total $521,063 · management and general $521,063

• 11c · Fees: accounting

  total $185,960 · management and general $185,960

• 11f · Fees: investment management

  total $67,377 · management and general $67,377

• 11g · Fees: other

  total $571,258 · program services $2,500 · management and general $568,758

• 12 · Advertising and promotion

  total $3,491,657 · program services $3,323,222 · management and general $168,435

• 13 · Office expenses

  total $921,307 · program services $534,671 · management and general $386,636

• 14 · Information technology

  total $3,390,132 · program services $2,146,887 · management and general $1,243,245

• 16 · Occupancy

  total $7,686,143 · program services $149,861 · management and general $7,536,282

• 17 · Travel

  total $15,433,165 · program services $15,377,148 · management and general $56,017

• 20 · Interest

  total $3,988,734 · program services $3,979,044 · management and general $9,690

• 22 · Depreciation, depletion and amortization

  total $13,432,541 · program services $13,093,171 · management and general $339,370

• 23 · Insurance

  total $2,771,311 · program services $1,101,911 · management and general $1,669,400

• 24a · Other expenses: SPORTS EXPENSES

  total $21,805,192 · program services $12,969,144 · management and general $8,836,048

• 24b · Other expenses: MAINT. & CAP IMPROVEMEN

  total $4,422,904 · program services $1,450,657 · management and general $2,972,247

• 24c · Other expenses: GUARANTEES

  total $2,421,687 · program services $2,421,687

• 24d · Other expenses: CREDIT CARD FEES

  total $2,310,003 · management and general $2,310,003

• 24e · All other expenses

  total $4,295,788 · program services $3,488,517 · management and general $807,271

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,851,993 · end of year $2,115,571

• 2 · Savings and temporary cash investments

  beginning of year $62,992,406 · end of year $78,655,335

• 4 · Accounts receivable

  beginning of year $17,155,721 · end of year $20,387,223

• 8 · Inventories for sale or use

  beginning of year $64,742 · end of year $114,807

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,176,132 · end of year $1,566,331

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

  $481,844,837

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

  $178,267,443

• 10c · Land, buildings and equipment, net

  beginning of year $307,839,371 · end of year $303,577,394

• 11 · Investments: publicly traded securities

  beginning of year $61,152,503 · end of year $60,647,966

• 17 · Accounts payable and accrued expenses

  beginning of year $14,553,368 · end of year $16,450,265

• 19 · Deferred revenue

  beginning of year $41,303,128 · end of year $44,090,314

• 20 · Tax-exempt bond liabilities

  beginning of year $142,958,291 · end of year $135,613,800

• 25 · Other liabilities

  beginning of year $31,570,185 · end of year $35,181,408

• 27 · Net assets without donor restrictions

  beginning of year $223,847,896 · end of year $235,728,840

The filer's explanations (Part III)

FORM 990, SCH J, PART I, LINE 1B

THE ASSOCIATION PROVIDES PERSONAL EXPENSE ACCOUNTS FOR THE ASSOCIATE ATHLETIC DIRECTORS IN AN AMOUNT SPECIFIED IN THE DIRECTOR'S EMPLOYMENT CONTRACT. THESE SERVE AS A REIMBURSEMENT OF EXPENSES INCURRED IN THE COURSE OF THE DIRECTOR'S EMPLOYMENT. THESE EXPENSE ACCOUNT ALLOWANCES ARE CALCULATED NET OF APPLICABLE FEDERAL WITHHOLDING TAXES. CHARTER TRAVEL AND TRAVEL FOR COMPANIONS THE UNIVERSITY ATHLETIC ASSOCIATION ALLOWS FOR SPOUSES TO TRAVEL WITH THE TEAM TO AWAY GAMES. THIS BENEFIT WAS TREATED AS NONTAXABLE INCOME TO THE RECIPIENT.

FORM 990, SCH J, PART I, LINE 7

DURING THE COURSE OF THE YEAR, THE ATHLETICS DIRECTOR MAY APPROVE CERTAIN DISCRETIONARY BONUSES TO EMPLOYEES FOR EXTRAORDINARY BUSINESS ACCOMPLISHMENTS. THESE BONUSES ARE INCLUDED IN TAXABLE INCOME OF THE EMPLOYEE.