University Athletic Association Inc
- Assets
- $458.0m
- Revenue
- $120.9m
- Investments
- $6.7m
- Employees
- 1,265
- Location
- Gainesville, FL
- Founding
- 10/1974
- Data as of
- 06/2021
- EIN
- 59-6002050
Organization Overview
University Athletic Association Inc is located in Gainesville, FL. The organization was established in 1974. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, University Athletic Association Inc employed 1,265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, University Athletic Association Inc generated $120.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $125.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Athletic Association Inc has awarded 14 individual grants totaling $64,040,577. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETIC SCHOLARSHIPS: A TOTAL OF 610 SCHOLARSHIPS WERE PROVIDED TO STUDENT ATHLETES AT THE UNIVERSITY OF FLORIDA DURING THE FISCAL YEAR ENDED 06/30/22.
CONTRIBUTIONS TO THE UNIVERSITY OF FLORIDA TO FURTHER THE ACADEMIC MISSION OF THE UNIVERSITY AND PROVIDE FUNDING FOR ADDITIONAL PROJECTS.
EXPENSES RELATED TO PROGRAM SERVICES OTHER THAN SCHOLARSHIPS AND ALLOCATIONS WHICH WERE INCURRED TO OPERATE INTERCOLLEGIATE ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Corr Board President | OfficerTrustee | 1 | $0 |
Cooper Brown Director | Trustee | 1 | $0 |
Alvin Cowans Director | Trustee | 1 | $0 |
Kim Barton Director | Trustee | 1 | $0 |
Joelen Merkel Director | Trustee | 1 | $0 |
Brian Beach Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Naples Jet Center Holdings Llc Aviation | 6/29/22 | $413,336 |
Safe Management Of Florida Llc Event Security | 6/29/22 | $298,002 |
Good Greek Moving & Storage Moving & Storage | 6/29/22 | $202,916 |
Florida Clinical Practice Assoc Inc Healthcare | 6/29/22 | $148,905 |
Tailgate Guys Pre Event Resources Event Services | 6/29/22 | $125,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,842,912 |
| Investment income | $908,390 |
| Tax Exempt Bond Proceeds | $2,616 |
| Royalties | $8,393,885 |
| Net Rental Income | $113,643 |
| Net Gain/Loss on Asset Sales | -$4,333,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,919,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,856,397 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,797,471 |
| Compensation to disqualified persons | $375,122 |
| Other salaries and wages | $40,458,134 |
| Pension plan accruals and contributions | $645,196 |
| Other employee benefits | $4,905,730 |
| Payroll taxes | $4,086,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,109 |
| Fees for services: Accounting | $152,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,144 |
| Fees for services: Other | $379,603 |
| Advertising and promotion | $1,437,612 |
| Office expenses | $688,344 |
| Information technology | $1,987,157 |
| Royalties | $0 |
| Occupancy | $5,899,937 |
| Travel | $7,680,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,074,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,698,182 |
| Insurance | $2,180,503 |
| All other expenses | $0 |
| Total functional expenses | $125,554,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,504,973 |
| Savings and temporary cash investments | $103,408,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,313,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,829 |
| Prepaid expenses and deferred charges | $522,889 |
| Investments—publicly traded securities | $58,669,056 |
| Investments—other securities | $6,709,891 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $458,027,692 |
| Accounts payable and accrued expenses | $25,991,135 |
| Grants payable | $0 |
| Deferred revenue | $35,333,224 |
| Tax-exempt bond liabilities | $164,260,000 |
| 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 | $29,581,191 |
| Total liabilities | $255,165,550 |
| 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 | $202,862,142 |
Grants Awarded
Over the last fiscal year, University Athletic Association Inc has awarded $1,226,546 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF FLORIDA FOUNDATION INC PURPOSE: SUPPORT ACADEMIC PROGRAMS | $19,113 |
UNIVERSITY OF FLORIDA PURPOSE: SUPPORT ACADEMIC PROGRAMS | $1,207,433 |