Seminole Boosters Inc
- Assets
- $241.0m
- Revenue
- $48.4m
- Investments
- $100.0k
- Employees
- 67
- Location
- Tallahassee, FL
- Founding
- 05/1975
- Data as of
- 06/2021
- EIN
- 59-1561180
Organization Overview
Seminole Boosters Inc is located in Tallahassee, FL. The organization was established in 1975. 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 06/2022, Seminole Boosters Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seminole 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, Seminole Boosters Inc generated $48.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $47.9m during the year ending 06/2021. While expenses have increased by 1.3% 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 FINANCIAL SUPPORT FOR THE STUDENTS AND INTERCOLLEGIATE ATHLETIC PROGRAMS AT FLORIDA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES INCLUDE DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS, DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY, AND TRANSFERS TO FSU FINANCIAL ASSISTANCE. THESE DISBURSEMENTS INCLUDE, ATHLETIC DEVELOPMENT FUND PAYMENTS TO SUPPLEMENT ATHLETIC DEPARTMENT SALARIES, OPERATING TRANSFERS TO HELP PAY STUDENT ATHLETE SCHOLARSHIPS, ON BEHALF OF DISBURSEMENTS TO SUPPORT VARIOUS OTHER SPORT NEEDS, UNIVERSITY PRESIDENTAL TRANSFERS TO SUPPLEMENT THE FUNDRAISING EFFORTS OF THE UNIVERSITY PRESIDENT, RESTRICTED DISBURSEMENTS MADE BY INDIVIDUAL SPORTS FROM SPECIFIC RESTRICTED ACCOUNTS TO ALLOW CONTINUED INCREASED PERFORMANCE IN EACH SPORT, AND TRANSFERS OF FUNDS COLLECTED TO PAY THE DEBT SERVICE OF FSU FINANCIAL ASSISTANCE.
OTHER EXPENDITURES INCLUDE DISBURSEMENTS MADE FOR CAPITAL PROJECTS COMPLETED FOR THE FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS AS WELL AS FACILITIES MAINTENANCE EXPENSES INCURRED TO KEEP FACILITIES FUNCTIONAL DURING THE FISCAL YEAR.
OTHER PROGRAM EXPENDITURES INCLUDE DISBURSEMENTS THAT FURTHER THE MISSION OF THE SEMINOLE BOOSTERS, INCLUDING EXPENSES FOR VARIOUS BANQUETS AND EVENTS, SPRING TOUR EXPENDITURES, COSTS TO ADMINISTER THE ROYALTY PROGRAM, ADDITIONAL SCHOLARSHIP EXPENDITURES, AS WELL AS VARIOUS OTHER EXPENDITURES THAT PROMOTE THE EDUCATION, HEALTH AND PHYSICAL WELFARE OF STUDENTS AT FLORIDA STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Ponder CEO (starting 6/20/22) | OfficerTrustee | 40 | $0 |
Jimmy Graganella Chairman | OfficerTrustee | 0.25 | $0 |
Charles Dudley Vice Chairman | OfficerTrustee | 0.25 | $0 |
Anne Hamilton Secretary | OfficerTrustee | 0.25 | $0 |
Parrish Owens Treasurer | OfficerTrustee | 0.25 | $0 |
Andy Norman Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mad Dog Consturction Facility Construction | 6/29/22 | $3,393,165 |
Jack Porter Design Services | 6/29/22 | $1,306,348 |
Populous Architectural Design | 6/29/22 | $2,541,540 |
Cd Williams Construction Services | 6/29/22 | $810,255 |
Shield Lockers | 6/29/22 | $607,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,624,666 |
| Investment income | $430,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,078,477 |
| Net Rental Income | $1,984,457 |
| Net Gain/Loss on Asset Sales | $2,861,038 |
| Net Income from Fundraising Events | $6,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,392,781 |
| 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. | $2,086,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,340,401 |
| Pension plan accruals and contributions | $205,303 |
| Other employee benefits | $989,696 |
| Payroll taxes | $311,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,010 |
| Fees for services: Accounting | $139,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $262,255 |
| Fees for services: Other | $627,679 |
| Advertising and promotion | $73,389 |
| Office expenses | $1,047,632 |
| Information technology | $265,184 |
| Royalties | $0 |
| Occupancy | $74,105 |
| Travel | $419,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,808 |
| Interest | $737,333 |
| Payments to affiliates | $9,976,688 |
| Depreciation, depletion, and amortization | $824,615 |
| Insurance | $157,007 |
| All other expenses | $0 |
| Total functional expenses | $47,876,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,457 |
| Savings and temporary cash investments | $16,997,061 |
| Pledges and grants receivable | $72,993,221 |
| Accounts receivable, net | $1,679,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,974,105 |
| Inventories for sale or use | $190,554 |
| Prepaid expenses and deferred charges | $169,802 |
| Investments—publicly traded securities | $32,142,453 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $678,694 |
| Total assets | $240,991,921 |
| Accounts payable and accrued expenses | $2,468,206 |
| Grants payable | $0 |
| Deferred revenue | $25,540,382 |
| 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 | $49,590,132 |
| Other liabilities | $5,680,860 |
| Total liabilities | $83,279,580 |
| 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 | $157,712,341 |