Georgia State University Athletic Association Inc
- Assets
- $12.0m
- Revenue
- $28.3m
- Investments
- $0.0
- Employees
- 234
- Location
- Atlanta, GA
- Founding
- 03/1963
- Data as of
- 06/2021
- EIN
- 58-6043293
Organization Overview
Georgia State University Athletic Association Inc is located in Atlanta, GA. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Georgia State University Athletic Association Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia State University Athletic Association Inc 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, Georgia State University Athletic Association Inc generated $28.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $29.8m during the year ending 06/2021. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVICE, GUIDANCE, AND LEADERSHIP TO ADVANCE ATHLETICS AT GEORGIA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GSUAA PROVIDED THE FUNDING FOR 322, COMBINED MEN'S AND WOMEN'S, STUDENTS ATHLETIC SCHOLARSHIPS, AND PROVIDED OPERATING FUNDS FOR MEN'S AND WOMEN'S ATHLETIC TEAMS PLUS OTHER RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cobb Director, Athletic Directo | OfficerTrustee | 40 | $457,509 |
Dr M Brian Blake Chairman | OfficerTrustee | 0.5 | $0 |
L Jared Abramson Treasurer | OfficerTrustee | 0.5 | $0 |
Chester Phillips Secretary | OfficerTrustee | 0.5 | $0 |
Kris Varjas Director | Trustee | 0.5 | $0 |
Norman Powell Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,900,537 |
| Investment income | $56,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $359,946 |
| Net Gain/Loss on Asset Sales | -$11,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,251,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $548,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,741,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,804,905 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,632,086 |
| Advertising and promotion | $82,571 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,253,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,196 |
| Insurance | $300,274 |
| All other expenses | $0 |
| Total functional expenses | $29,834,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,951,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $595,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $208,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,893,335 |
| Total assets | $12,025,331 |
| Accounts payable and accrued expenses | $864,025 |
| Grants payable | $0 |
| Deferred revenue | $1,545,481 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $434,774 |
| Total liabilities | $2,844,280 |
| 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 |
| Total liabilities and net assets/fund balances | $9,181,051 |
Grants Awarded
Over the last fiscal year, Georgia State University Athletic Association Inc has awarded $12,362,459 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA STATE UNIVERSITY PURPOSE: DISBURSEMENTS FOR CONSTRUCTION AT GSU | $4,439,220 |
GEORGIA STATE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS | $7,923,239 |