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 06/2021, University Of Louisville Athletic employed 513 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 06/2021, University Of Louisville Athletic generated $98.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $103.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. 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
2021
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 2020-2021 FISCAL YEAR. ULAA'S STUDENT ATHLETES EXCELLED ACADEMICALLY AND WERE AWARDED FOR COMMUNITY SERVICE EFFORTS. CARDINAL SPORTS TEAMS COLLECTIVELY ACHIEVED AN IMPRESSIVE 3.256 COMBINED GRADE POINT AVERAGE FOR THE 2020-21 ACADEMIC YEAR, INCLUDING A 3.289 GPA FOR THE 2021 SPRING SEMESTER. TWENTY OF 23 SPORTS PROGRAMS WERE ABOVE A 3.0 COLLECTIVE GPA FOR THE 2021 SPRING SEMESTER. A TOTAL OF 360 STUDENT-ATHLETES WERE 2020 RED AND BLACK SCHOLARS, REPRESENTING A CUMULATIVE GPA OF 3.25 OR BETTER, WHILE 399 STUDENTS WERE RECOGNIZED ON HONOR ROLL WITH OVER A 3.0 GPA FOR THE SPRING SEMESTER. THIS RANKED AS THE SEVENTH-HIGHEST TOTAL AMONG ANY SCHOOL IN THE LEAGUE. UOFL STUDENT-ATHLETES MATCHED A RECORD 91 PERCENT GRADUATION RATE IN THE LATEST GRADUATION SUCCESS RATE (GSR) REPORT. ULAA STUDENT-ATHLETES ALSO FINISHED SECOND AMONG ALL DIVISION I INSTITUTIONS IN THE 2021 NCAA TEAM WORKS SERVICE CHALLENGE. CARDINAL STUDENT-ATHLETES TOTALED 1,405 HOURS OF SERVICE THROUGHOUT THE DURATION OF COMPETITION AND HAD 94% OF STUDENT-ATHLETES PARTICIPATE IN A SERVICE OPPORTUNITY. FIELD HOCKEY AND WOMEN'S SOCCER LED THE DEPARTMENT THROUGHOUT THE COMPETITION, AVERAGING 7 HOURS PER STUDENT-ATHLETE, WHILE SEVENTEEN TEAMS HAD 100% PARTICIPATION AMONG THEIR STUDENT-ATHLETES. 629 VOLUNTEERS MANAGED TO AMASS AN ECONOMIC IMPACT OF OVER $38,222 EVEN WHILE COVID RESTRICTIONS WERE STILL IN PLACE. WITH THE SUCCESS OF MULTIPLE FALL AND WINTER SPORTS PROGRAMS, THE UNIVERSITY OF LOUISVILLE ATHLETICS DEPARTMENT ROSE TO 23RD IN THE NATION IN THE LEARFIELD IMG COLLEGE DIRECTORS' CUP DIVISION I STANDINGS. LOUISVILLE ACCUMULATED 429 POINTS THROUGH THE WINTER SPORTS SEASON, PLACING THE CARDINALS AS ONE OF SIX ACC SCHOOLS AMONG THE NATION'S TOP 30. MEN'S SWIMMING AND DIVING MATCHED ITS HIGHEST-EVER FINISH, RANKING FIFTH IN THE NCAA CHAMPIONSHIP, WITH TWO NATIONAL CHAMPION PERFORMANCES, WHILE THE CARDINALS' WOMEN'S SWIMMING AND DIVING TEAM FINISHED 13TH IN THE NATION. WOMEN'S TRACK & FIELD CAPTURED ITS THIRD NCAA NATIONAL INDIVIDUAL CHAMPION IN SCHOOL HISTORY AS MAKENLI FORREST WON THE NCAA INDOOR WEIGHT THROW NATIONAL TITLE. WOMEN'S BASKETBALL ADVANCED TO THE NCAA ELITE EIGHT, WITH ACC PLAYER OF THE YEAR DANA EVANS, A HONDA SPORT AWARD FINALIST, EARNING CONSENSUS FIRST TEAM ALL-AMERICA HONORS. THE 2021 KAY YOW ACC SCHOLAR ATHLETE OF THE YEAR, EVANS WAS THE 13TH OVERALL SELECTION IN THE WNBA DRAFT. IN A SEASON THAT SPANNED THE FALL AND SPRING, FIELD HOCKEY REACHED THE PROGRAM'S FIRST FINAL FOUR AS THE NATION'S NO. 3 SEED. MERCEDES PASTOR, ALLI BITTING AND CHARLIE VAN OIRSCHOT WERE NAMED ALL-ACC AND MEGHAN SCHNEIDER WON THE NCAA ELITE 90 AWARD WITH A 4.0 GPA. VOLLEYBALL, ALSO PLAYING IN BOTH THE FALL AND SPRING, REACHED THE NCAA SWEET 16 FOR THE SECOND STRAIGHT YEAR WITH THREE PLAYERS EARNING ALL-AMERICA ACCOLADES IN ADDITION TO HEAD COACH DANI BUSBOOM KELLY WINNING ACC COACH OF THE YEAR. LOUISVILLE'S MEN'S GOLF TEAM EARNED THE MOST POINTS OF ANY OF THE SCHOOL'S SPRING SPORTS. THE CARDINALS TIED FOR NINTH IN THE NCAA CHAMPIONSHIP - ITS BEST FINISH IN SCHOOL HISTORY -- AFTER ADVANCING TO THE PLAYOFF ROUND OF THE NATIONAL CHAMPIONSHIP FOR ITS THIRD TIME EVER. HOSTING A REGIONAL FOR THE FIRST TIME IN SCHOOL HISTORY, UOFL'S WOMEN'S GOLF TEAM FINISHED IN A TIE FOR 11TH-PLACE IN THE NCAA REGIONAL COMPETITION. ULAA FINISHED 40TH NATIONALLY BY THE END, MARKING THE 11TH CONSECUTIVE SEASON IN THE TOP 40. INTERNALLY AND EXTERNALLY, ULAA HAS TAKEN STRIDES TO INCREASE DIVERSITY, EQUITY, AND INCLUSION EFFORTS. ASSOCIATE ATHLETIC DIRECTOR, MARVIN MITCHELL, WAS NAMED TO THE ACC'S NEW COMMITTEE FOR RACIAL AND SOCIAL JUSTICE, HELPING TO LEAD OUR CONFERENCE IN DIVERSITY AND EQUITY STANDARDS, WHILE THE DEPARTMENT CREATED THE STRATEGICALLY ORGANIZING AGAINST RACISM (S.O.A.R.) COMMITTEE TO MEET WEEKLY TO ENHANCE KNOWLEDGE AND EMPOWER ACTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Former Vice Chair | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aeg Management Louisville Llc Event Management | 6/29/21 | $1,203,439 |
Abm Industries Facility Management | 6/29/21 | $507,493 |
Camatic Seating Inc Construction Services | 6/29/21 | $522,905 |
Bond Schoeneck & King Pllc Legal Services | 6/29/21 | $596,556 |
Air Charter Services Inc Travel Services | 6/29/21 | $915,034 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $3,099,531 |
Government grants | $5,176,601 |
All other contributions, gifts, grants, and similar amounts not included above | $27,123,805 |
Noncash contributions included in lines 1a–1f | $306,374 |
Total Revenue from Contributions, Gifts, Grants & Similar | $35,399,937 |
Total Program Service Revenue | $17,668,884 |
Investment income | $20,995 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $44,608,530 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$5,461 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $98,698,845 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $15,647,230 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $971,550 |
Compensation of current officers, directors, key employees. | $971,550 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $34,415,651 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,245,009 |
Payroll taxes | $2,799,305 |
Fees for services: Management | $0 |
Fees for services: Legal | $964,841 |
Fees for services: Accounting | $28,655 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,390,641 |
Advertising and promotion | $156,860 |
Office expenses | $134,786 |
Information technology | $1,407,784 |
Royalties | $0 |
Occupancy | $4,328,846 |
Travel | $6,998,242 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,360 |
Interest | $868,493 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,200,466 |
Insurance | $1,574,320 |
All other expenses | $8,331,933 |
Total functional expenses | $103,336,800 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $52,500 |
Savings and temporary cash investments | $25,971,580 |
Pledges and grants receivable | $9,989,254 |
Accounts receivable, net | $27,077,882 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $5,418,126 |
Prepaid expenses and deferred charges | $1,357,826 |
Net Land, buildings, and equipment | $211,675,750 |
Investments—publicly traded securities | $4,164,566 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,584,562 |
Total assets | $287,292,046 |
Accounts payable and accrued expenses | $22,107,543 |
Grants payable | $0 |
Deferred revenue | $36,554,439 |
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 | $20,000,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $85,919,688 |
Total liabilities | $164,581,670 |
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 | $122,710,376 |
Total liabilities and net assets/fund balances | $287,292,046 |
Over the last fiscal year, University Of Louisville Athletic has awarded $2,889,925 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Louisville, KY PURPOSE: SUPPORT | $2,001,090 |
UNIVERSITY OF LOUISVILLE PURPOSE: SUPPORT | $888,835 |
Over the last fiscal year, we have identified 2 grants that University Of Louisville Athletic has recieved totaling $34,000.
Awarding Organization | Amount |
---|---|
Lewis And Gladys Bass Family Charitable Foundation Inc Louisville, KY PURPOSE: PROVIDE FINANCIAL ASSISTANCE TO ATHLETIC PROGRAMS AT THE UNIVERSITY | $30,000 |
Koch Foundation Inc Evansville, IN PURPOSE: SCHOLARSHIPS | $4,000 |
Beg. Balance | $5,459,918 |
Earnings | $702,153 |
Admin Expense | $49,969 |
Net Contributions | $339,000 |
Other Expense | $1,528,552 |
Grants | $1,492,944 |
Ending Balance | $3,429,606 |
Organization Name | Assets | Revenue |
---|---|---|
University Of Louisville Athletic Louisville, KY | $287,292,046 | $98,698,845 |
National Marine Manufacturers Association Inc Chicago, IL | $24,852,893 | $19,298,889 |
National Thoroughbred Racing Lexington, KY | $16,910,608 | $10,577,962 |
Club Management Association Of America Alexandria, VA | $9,061,595 | $8,552,388 |
American Camping Association Inc Martinsville, IN | $11,963,370 | $10,286,086 |
International Coach Federation Inc Lexington, KY | $18,635,968 | $11,387,975 |
Association Of Old Crows Alexandria, VA | $7,888,932 | $4,006,226 |
American Volleyball Coaches Assn Lexington, KY | $2,919,842 | $2,493,075 |
Northern Ohio Professional Golfers Association Warrensville Heights, OH | $1,058,271 | $1,553,989 |
American Camping Association Illinois Section Evanston, IL | $1,134,307 | $1,483,779 |
Indiana Section Of The Professional Golfers Association Of America Inc Indianapolis, IN | $1,336,237 | $1,065,938 |
Professional Golfers Association Of America Southern Ohio Section Fairborn, OH | $584,726 | $898,335 |