University of Louisville Athletic Association

EIN: 311106941 501(c)(3) Recreation & Sports

Louisville, KY

Total Revenue
$136,965,256
Total Expenses
$141,027,942
Total Assets
$352,949,635
Net Assets
$103,373,698
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
KY
Phone
5028527072
Tax Period
2022-07-01 to 2023-06-30

University of Louisville Athletic Association, founded in 1984, is a major nonprofit in the Recreation & Sports sector that reported $137.0M in total revenue in fiscal year 2022.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $135,468,504 Revenue: $49,042,579

The University of Louisville Athletic Association (ULAA) continued to further and enhance its mission during fiscal year 2023, providing invaluable support for both the student athletes and the...

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The University of Louisville Athletic Association (ULAA) continued to further and enhance its mission during fiscal year 2023, providing invaluable support for both the student athletes and the University which it serves. During the year, ULAA awarded over $16.1 million in scholarships to nearly 800 students. The graduation success rate for ULAA student athletes during the year was 92% -- a rate which ties for the highest in program history. Overall student grade point average (GPA) of 3.28 was the highest in the program's history, with fiscal year 2023 also containing the 25th consecutive semester where students earned a department grade point average (GPA) of 3.0 or higher. ULAA's student athletes completed more than 4,000 hours of community service through the Cards Care program, and the organization expanded its ELEVATE NIL program with the creation of the CARDS NIL Exchange to help student athletes and businesses/individuals connect easier than ever before. The organization completed its first year of a transformational partnership with UofL Health. The partnership has yielded numerous gains for its students, but none more notable than the unprecedented growth of ULAA's mental health and performance department, which now includes 10 professionals - the most in the Atlantic Coast Conference (ACC). ULAA also upgraded or added a number of facilities in support of its mission. In partnership with the University of Louisville, ULAA opened Denny Crum Hall. The state-of-the-art, $23.5 million residence hall is home to men's basketball, women's basketball and lacrosse student-athletes, as well as the University's general student population. The organization also upgraded wi-fi access for its football stadium and unveiled a new turf. A $1 million project was also completed to update the entrance and concourse of the baseball program's Jim Patterson Stadium. In terms of achievements in competitive sports, ULAA finished the year's campaign with 13 different sport programs ranked in the top 25 at one point during their seasons, with seven programs ranking in the top 10 at some of its respective seasons. The Cardinals recorded 50 All-Americans during the 2022-23 athletic seasons, most notably, 35 coming from the women's swimming and diving program. Volleyball also registered four All-Americans in its run to the national title game. Louisville finished 32nd in the nation in the Learfield Directors' Cup standings, the 13th consecutive season that the Cardinals have finished among the top 40 teams in the country. The Cardinals' women's sports programs ranked 12th in the nation in the Capital One Cup standings.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $38,545,944
Program Service Revenue $47,440,204
Investment Income $24,702
Other Revenue $50,954,406
TOTAL REVENUE $136,965,256

Expense Breakdown

Grants Paid $19,916,667
Salaries & Benefits $51,523,589
Fundraising Expenses $2,494,395
Program Expenses $135,468,504
Other Expenses $69,587,686
TOTAL EXPENSES $141,027,942

Year-over-Year Comparison

2022 2021 Change
Revenue $136,965,256 $137,856,827 0.0%
Expenses $141,027,942 $146,484,502 0.0%
Net Income $-4,062,686 $-8,627,675 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
11
Employees
624
Volunteers
121

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$2,661,141
Total Directors
30
$4,466,862
Key Employees
2
$491,578
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Asst. Treasurer 0.5
Officer Director
$0 $52,259 $486,178
N/A Secretary 0.5
Officer Director
$0 $0 $1,900
N/A Pres/Chair from 2/1/23 0.5
Officer Director
$0 $0 $0
N/A Treasurer 0.5
Officer Director
$0 $20,440 $81,725
N/A Pres/Chair to 1/31/23 0.5
Officer Director
$0 $48,556 $882,800
N/A Vice Chair 0.5
Officer Director
$0 $26,651 $97,339
N/A Director 0.5
Director
$0 $44,552 $316,316
N/A Director 0.5
Director
$0 $33,993 $183,287
N/A Director 0.5
Director
$0 $29,872 $177,207
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $41,093 $211,914
N/A Director 0.5
Director
$0 $33,390 $161,621
N/A Director 0.5
Director
$0 $52,303 $635,834
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $23,172 $145,855
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $19,341 $203,896
N/A Director 0.5
Director
$0 $26,015 $128,998
N/A Director 0.5
Director
$0 $21,719 $118,187
N/A Director 0.5
Director
$0 $47,987 $304,735
N/A Director 0.5
Director
$0 $27,334 $139,074
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $31,028 $189,996
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Athletic Director 50.0
Officer
$844,410 $159,705 $1,004,115
N/A Assistant Secretary 0.5
Officer
$0 $22,736 $107,084
N/A Deputy Athletic Director 50.0
Key Emp
$181,726 $38,268 $219,994
N/A Deputy Athletic Director 50.0
Key Emp
$234,270 $37,314 $271,584
N/A Men's Baseball Coach 50.0
Highest
$1,618,421 $150,076 $1,768,497
N/A Head Football Coach 50.0
Highest
$3,241,608 $50,328 $3,291,936
N/A Women's Basketball Coach 50.0
Highest
$1,952,678 $45,478 $1,998,156
N/A Men's BB Coach from 3/18/22 50.0
Highest
$2,750,005 $217,059 $2,967,064
N/A FORMER HCE AS Men's BB Coach to 1/31/22 50.0
$5,105,691 $1,774 $5,107,465
N/A Former Pres/Chair N/A
$0 $20,898 $338,899
N/A Former Vice Chair N/A
$0 $28,102 $162,543
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $136,965,256 $141,027,942 $352,949,635 $-4,062,686
2022 $137,856,827 $146,484,502 $329,843,287 $-8,627,675
2021 $98,698,845 $103,336,800 $287,292,046 $-4,637,955
2020 $126,934,461 $122,421,563 $289,291,232 $4,512,898
2019 $129,771,344 $145,362,542 $309,712,564 $-15,591,198
2018 $108,173,653 $122,278,141 $323,244,811 $-14,104,488
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