Gator Boosters Inc
- Assets
- $35.4m
- Revenue
- $17.1m
- Investments
- $1.4m
- Employees
- 15
- Location
- Gainesville, FL
- Founding
- 10/1940
- Data as of
- 06/2021
- EIN
- 59-0737883
Organization Overview
Gator Boosters Inc is located in Gainesville, FL. The organization was established in 1940. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Gator Boosters Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gator Boosters 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, Gator Boosters Inc generated $17.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $17.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gator Boosters Inc has awarded 16 individual grants totaling $264,135,340. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 625 STUDENT ATHLETES AND MANAGERS THAT WERE PROVIDED WITH SCHOLARSHIPS FROM THE ATHLETIC ASSOCIATION.
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 TEN CAPITAL PROJECTS THAT WERE FUNDED IN THE CURRENT YEAR. BASEBALL BALLPARK, FOOTBALL TRAINING COMPLEX, FARRIOR HALL, BOSTICK GOLF COURSE, INDOOR FOOTBALL PRACTICE FACILITY, O'CONNELL CENTER RENOVATION, SOFTBALL STADIUM RENOVATION, SWIM/DIVE RENOVATION, RING TENNIS CENTER RENOVATION AND UAA ADMINISTRATION RENOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Pharr Executive Director | Officer | 40 | $225,469 |
Douglas Brown Deputy Executive Director | 40 | $178,650 | |
Ron Coleman President | OfficerTrustee | 1 | $0 |
Len Johnson President-Elect | OfficerTrustee | 1 | $0 |
Bob Adams Board Member | Trustee | 1 | $0 |
Joel Adams Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,877,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,877,636 |
| Total Program Service Revenue | $0 |
| Investment income | $2,212,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,089,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,252,178 |
| 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. | $221,755 |
| Compensation of current officers, directors, key employees. | $44,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $989,714 |
| Pension plan accruals and contributions | $25,032 |
| Other employee benefits | $192,943 |
| Payroll taxes | $81,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $223,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318,859 |
| Fees for services: Other | $0 |
| Advertising and promotion | $293,849 |
| Office expenses | $78,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309 |
| Insurance | $23,693 |
| All other expenses | $0 |
| Total functional expenses | $17,064,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,788,695 |
| Savings and temporary cash investments | $1,046,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $940 |
| 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 | $83,502 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,391,065 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,134,967 |
| Total assets | $35,445,358 |
| Accounts payable and accrued expenses | $290,514 |
| Grants payable | $0 |
| Deferred revenue | $33,566,774 |
| 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 | $2,036,827 |
| Total liabilities | $35,894,115 |
| 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 | -$448,757 |
| Total liabilities and net assets/fund balances | $35,445,358 |
Grants Awarded
Over the last fiscal year, Gator Boosters Inc has awarded $14,252,178 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: STUDENT-ATHLETE SCHOLARSHIPS & FACILITIES IMPROVEMENT | $14,234,478 |
Gainesville, FL PURPOSE: STUDENT-ATHLETE SCHOLARSHIPS | $17,700 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gator Boosters Inc has recieved totaling $28,506.
| Awarding Organization | Amount |
|---|---|
George And Mary Jo Sanders Foundation Inc Fort Myers, FL PURPOSE: SUPPORT FOR CHARITABLE ACTIVITIES | $28,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Beg. Balance | $495,842 |
| Earnings | $19,067 |
| Net Contributions | $6,472 |
| Ending Balance | $521,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |
Seminole County Coalition For School Readiness Inc Longwood, FL | $3,997,009 | $35,020,709 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Florida Atlantic University Foundation Inc Boca Raton, FL | $393,420,422 | $44,215,838 |
St Petersburg College Foundation Inc Saint Petersburg, FL | $84,259,588 | $9,116,029 |
Florida Gulf Coast University Foundation Inc Fort Myers, FL | $164,718,359 | $25,895,312 |