University Of Louisville Athletic is located in Louisville, KY. The organization was established in 1984. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, University Of Louisville Athletic employed 620 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisville Athletic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Louisville Athletic generated $137.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $146.5m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION IS ORGANIZED TO DEVELOP INTERCOLLEGIATE ATHLETIC TEAMS COMPOSED OF STUDENTS OF THE UNIVERSITY OF LOUISVILLE AND TO SCHEDULE AND MANAGE INTERCOLLEGIATE ATHLETIC CONTESTS, ALL IN THE HARMONY WITH AND IN SUBJECTION TO THE GENERAL EDUCATION POLICY OF THE UNIVERSITY OF LOUISVILLE.
Describe the Organization's Program Activity:
THE UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION (ULAA) ACHIEVED MANY IMPRESSIVE RESULTS DURING ITS 2021-2022 FISCAL YEAR. ULAA'S STUDENT ATHLETES EXCELLED ACADEMICALLY PRODUCING A COMBINED AVERAGE GRADE POINT AVERAGE OF 3.0 OR BETTER FOR THE 23RD STRAIGHT SEMESTER. CARDINAL SPORTS TEAMS COLLECTIVELY ACHIEVED AN IMPRESSIVE 3.256 COMBINED GRADE POINT AVERAGE FOR THE 2022 SPRING SEMESTER WITH 467 STUDENTS EARNING ATHLETIC DIRECTOR'S HONOR ROLL ACCOLADES (AT LEAST 3.0 SEMESTER GPA). IN RECENT NATIONAL GRADUATION RATES RELEASED BY THE NCAA, ULAA STUDENT-ATHLETES ACHIEVED A RECORD 91 PERCENT GRADUATION RATE TO MATCH THE CARDINALS' BEST MARK IN THE GRADUATION SUCCESS RATE (GSR) REPORT. THE ORGANIZATION AWARDED NEARLY $15 MILLION IN SCHOLARSHIPS TO OVER 700 STUDENT ATHLETES DURING THE FISCAL YEAR. IN TERMS OF COMPETITIVE SPORTS, ULAA PROVIDED MULTIPLE OPPORTUNITIES FOR STUDENT-ATHLETES TO EXCEL AND BE RECOGNIZED NATIONALLY FOR THEIR ACHIEVEMENTS. ALLI BITTING (FIELD HOCKEY), AMAYA TILLMAN (VOLLEYBALL) AND NICK ALBIERO (SWIMMING & DIVING) WERE HONORED AS THE ACC SCHOLAR ATHLETE OF THE YEAR IN THEIR RESPECTIVE SPORTS. IN ADDITION, POLE VAULTER GABRIELA LEON WAS THE 2022 ARTHUR ASHE FEMALE SPORTS SCHOLAR OF THE YEAR. ULAA'S ACC CHAMPION VOLLEYBALL TEAM REACHED THEIR FIRST EVER FINAL FOUR, REMAINING UNBEATEN UNTIL FALLING TO THE EVENTUAL NATIONAL CHAMPION. TWO-TIME ACC SETTER OF THE YEAR TORI DILFER AND ANNA STEVENSON WERE NAMED FIRST TEAM ALL-AMERICANS AND ANNA DEBEER WAS AN HONORABLE MENTION SELECTION. DANI BUSBOOM KELLY WAS NAMED NATIONAL COACH OF THE YEAR AND WAS THE FIRST WOMAN HEAD COACH TO END THE REGULAR SEASON WITH AN UNDEFEATED RECORD (28-0) IN D1 VOLLEYBALL HISTORY. WOMEN'S TRACK & FIELD CAPTURED ITS FOURTH NCAA NATIONAL INDIVIDUAL CHAMPION IN SCHOOL HISTORY AS GABRIELA LEON WON THE NCAA OUTDOOR POLE VAULT NATIONAL TITLE. ULAA'S ALL-GIRL CHEERLEADING TEAM WON ITS EIGHTH CONSECUTIVE AND 18TH OVERALL NATIONAL CHEER ASSOCIATION CHAMPIONSHIP AND ITS SMALL CO-ED TEAM WON ITS 12TH NATIONAL TITLE. THE CARDINALS' LARGE CO-ED EARNED A THIRD-PLACE FINISH WHILE UOFL'S LADYBIRDS DANCE TEAM WAS FOURTH IN TEAM PERFORMANCE AND SECOND IN THE HIP HOP COMPETITION. WOMEN'S BASKETBALL FINISHED WITH A 29-5 OVERALL RECORD AND ADVANCED TO THE FOURTH FINAL FOUR IN PROGRAM HISTORY. EMILY ENGSTLER EARNED HONORABLE MENTION ALL-AMERICA HONORS AND WAS DRAFTED FOURTH OVERALL IN THE WNBA DRAFT BY THE INDIANA FEVER. BASEBALL CAPTURED ITS FIFTH ACC ATLANTIC DIVISION CROWN IN SEVEN FULL SEASONS IN THE LEAGUE AND REACHED A SUPER REGIONAL FOR THE NINTH TIME IN PROGRAM HISTORY. FIVE CARDINALS WERE SELECTED IN THE 2022 MLB DRAFT AND TWO OTHERS SIGNED FREE AGENT CONTRACTS. FIELD HOCKEY FINISHED WITH A PERFECT 6-0 RECORD IN ACC PLAY ON ITS WAY TO THE 2021 ACC REGULAR SEASON TITLE. THE CARDINALS MATCHED A SCHOOL RECORD WITH 16 WINS AND REACHED THE NCAA TOURNAMENT FOR THE 10TH TIME. MEN'S SOCCER HAD AN OUTSTANDING 2021 SEASON, CAPTURING THE PROGRAM'S FIRST ACC ATLANTIC DIVISION TITLE AND WAS BACK IN THE NCAA TOURNAMENT FOR THE 13TH TIME IN PROGRAM HISTORY. PEDRO FONSECA WAS SELECTED BY REAL SALT LAKE IN THE SECOND ROUND OF THE MLS SUPERDRAFT, THE 26TH SELECTION FROM LOUISVILLE ALL-TIME. SWIMMING AND DIVING TURNED IN ANOTHER STRONG SEASON WITH THE WOMEN TAKING SIXTH AND THE MEN 12TH AT THE NCAA CHAMPIONSHIP. NICK ALBIERO WAS NAMED THE ACC SWIMMER OF THE YEAR AND ACC SCHOLAR ATHLETIC OF THE YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Asst. Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed President And Chair To 1/1/22 | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Pres And Chair From 1/1/22 | OfficerTrustee | 0.5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Air Charter Services Inc Travel Services | 6/29/22 | $1,440,172 |
Service America Corporation Concession Services | 6/29/22 | $1,160,447 |
Anc Sports Enterprises Llc Media Services | 6/29/22 | $1,144,215 |
Aeg Management Louisville Llc Event Management | 6/29/22 | $980,845 |
On Location Events Llc Travel Services | 6/29/22 | $775,105 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $99,502 |
All other contributions, gifts, grants, and similar amounts not included above | $36,667,628 |
Noncash contributions included in lines 1a–1f | $155,689 |
Total Revenue from Contributions, Gifts, Grants & Similar | $36,767,130 |
Total Program Service Revenue | $46,932,228 |
Investment income | $26,764 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $50,023,323 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,330 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $137,856,827 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,888,465 |
Grants and other assistance to domestic individuals. | $15,781,905 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $979,684 |
Compensation of current officers, directors, key employees. | $979,684 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $43,747,231 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,312,259 |
Payroll taxes | $3,543,830 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,468,120 |
Fees for services: Accounting | $40,545 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,328,968 |
Advertising and promotion | $439,506 |
Office expenses | $271,320 |
Information technology | $1,789,028 |
Royalties | $0 |
Occupancy | $5,597,493 |
Travel | $14,460,319 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $26,517 |
Interest | $2,369,128 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,576,048 |
Insurance | $1,925,658 |
All other expenses | $11,627,652 |
Total functional expenses | $146,484,502 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $51,500 |
Savings and temporary cash investments | $24,272,306 |
Pledges and grants receivable | $9,279,214 |
Accounts receivable, net | $34,604,358 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,838,215 |
Prepaid expenses and deferred charges | $821,499 |
Net Land, buildings, and equipment | $250,451,565 |
Investments—publicly traded securities | $3,961,002 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,563,628 |
Total assets | $329,843,287 |
Accounts payable and accrued expenses | $25,619,562 |
Grants payable | $0 |
Deferred revenue | $31,111,297 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $34,777,313 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $130,277,553 |
Total liabilities | $221,785,725 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $108,057,562 |
Total liabilities and net assets/fund balances | $329,843,287 |
Over the last fiscal year, University Of Louisville Athletic has awarded $2,889,925 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF LOUISVILLE FOUNDATION PURPOSE: SUPPORT | $2,001,090 |
UNIVERSITY OF LOUISVILLE PURPOSE: SUPPORT | $888,835 |