SEMINOLE BOOSTERS INC

EIN: 591561180 501(c)(3) Education

TALLAHASSEE, FL

Total Revenue
$80,561,184
Total Expenses
$91,821,875
Total Assets
$230,183,894
Net Assets
$152,485,402
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
JP SINCLAIR III
Phone
8506448803
Tax Period
2023-07-01 to 2024-06-30

SEMINOLE BOOSTERS INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $80.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $91.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

SEMINOLE BOOSTERS, INC. WAS CREATED AS A NOT-FOR-PROFIT ORGANIZATION TO STIMULATE AND PROMOTE THE EDUCATION, HEALTH, AND PHYSICAL WELFARE OF THE STUDENT OF FLORIDA STATE UNIVERSITY BY PROVIDING FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT FSU.

Program Service Accomplishments

Program 1
Expenses: $18,579,219

EXPENDITURES INCLUDE DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS, DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY, AND TRANSFERS TO FSU FINANCIAL ASSISTANCE. THESE...

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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.

Program 2
Expenses: $2,495,497

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...

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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.

Program 3
Expenses: $46,260,789

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $66,408,006
Program Service Revenue $3,600,351
Investment Income $1,762,217
Other Revenue $8,790,610
TOTAL REVENUE $80,561,184

Expense Breakdown

Grants Paid $3,337,364
Salaries & Benefits $7,279,045
Fundraising Expenses $5,484,794
Program Expenses $67,335,505
Other Expenses $81,205,466
TOTAL EXPENSES $91,821,875

Year-over-Year Comparison

2023 2022 Change
Revenue $80,561,184 $88,766,017 -0.1%
Expenses $91,821,875 $73,899,969 +0.2%
Net Income $-11,260,691 $14,866,048 -1.8%
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
55
Independent Members
55
Employees
70
Volunteers
115

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
$1,105,393
Total Directors
59
$4,725,326
Key Employees
0
$0
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDY NORMAN DIRECTOR 0.25
Director
$0 $0 $0
BARRY VAUGHN DIRECTOR 0.25
Director
$0 $0 $0
BETH LANGFORD SECRETARY 0.25
Officer Director
$0 $0 $0
BETSY EVANS DIRECTOR 0.25
Director
$0 $0 $0
BILL LLOYD DIRECTOR 0.25
Director
$0 $0 $0
BRAD CRENSHAW DIRECTOR 0.25
Director
$0 $0 $0
BRETT LINDQUIST DIRECTOR 0.25
Director
$0 $0 $0
CHARLES DUDLEY CHAIRMAN 0.25
Officer Director
$0 $0 $0
CHRIS FOREHAND DIRECTOR 0.25
Director
$0 $0 $0
CHRIS IANSITI DIRECTOR 0.25
Director
$0 $0 $0
CHRIS LIGORI DIRECTOR 0.25
Director
$0 $0 $0
CRAIG DEWHURST DIRECTOR 0.25
Director
$0 $0 $0
CRAIG RAMSEY DIRECTOR 0.25
Director
$0 $0 $0
DAZI LENOIR DIRECTOR 0.25
Director
$0 $0 $0
DOUG RUSSELL 2ND IMMEDIATE PAST CHAIR 0.25
Officer Director
$0 $0 $0
ELEANOR CONNAN DIRECTOR 0.25
Director
$0 $0 $0
ELIZABETH WARRING DIRECTOR 0.25
Director
$0 $0 $0
ERICKA FRANZ DIRECTOR 0.25
Director
$0 $0 $0
FLECIA BRASWELL DIRECTOR 0.25
Director
$0 $0 $0
GARRISON BURR DIRECTOR 0.25
Director
$0 $0 $0
GINA HILL DIRECTOR 0.25
Director
$0 $0 $0
JAMES GUSTAFSON DIRECTOR 0.25
Director
$0 $0 $0
JEFF STOOPS DIRECTOR 0.25
Director
$0 $0 $0
JEFF STOOPS DIRECTOR 0.25
Director
$0 $0 $0
JERI DAMASIEQICZ DIRECTOR 0.25
Director
$0 $0 $0
JERRY WILLIAMS DIRECTOR 0.25
Director
$0 $0 $0
JIMMY GRAGANELLA IMMEDIATE PAST CHAIR 0.25
Officer Director
$0 $0 $0
JOE KEYSER DIRECTOR 0.25
Director
$0 $0 $0
JORGE AZOR DIRECTOR 0.25
Director
$0 $0 $0
KURT SCHAFER DIRECTOR 0.25
Director
$0 $0 $0
LES PANTIN III DIRECTOR 0.25
Director
$0 $0 $0
MARILYN COX DIRECTOR 0.25
Director
$0 $0 $0
MARK HILLIS DIRECTOR 0.25
Director
$0 $0 $0
MARLA VICKERS DIRECTOR 0.25
Director
$0 $13,805 $462,852
MICHAEL ALFORD DIRECTOR 0.25
Director
$0 $54,382 $1,091,443
MICHAEL RENDINA DIRECTOR 0.25
Director
$0 $0 $0
MIKE BRADY DIRECTOR 0.25
Director
$0 $49,299 $425,680
MIKE KOSLOSKE DIRECTOR 0.25
Director
$0 $0 $0
MOISES ISSA DIRECTOR 0.25
Director
$0 $0 $0
NADA USINA DIRECTOR 0.25
Director
$0 $0 $0
PETE LAW DIRECTOR 0.25
Director
$0 $0 $0
PETER BOULWARE DIRECTOR 0.25
Director
$0 $0 $0
PETER COLLINS DIRECTOR 0.25
Director
$0 $0 $0
PHILIP TROYER TREASURER 0.25
Officer Director
$0 $0 $0
RICH HEFFLEY DIRECTOR 0.25
Director
$0 $0 $0
RICHARD MCCULLOUGH DIRECTOR 0.25
Director
$0 $269,277 $1,627,537
SCOTT DARLING DIRECTOR 0.25
Director
$0 $0 $0
SHANNON LIBBERT DIRECTOR 0.25
Director
$0 $0 $0
SHERI THOMSON DIRECTOR 0.25
Director
$0 $0 $0
SLATON MURRAY DIRECTOR 0.25
Director
$0 $0 $0
STEPHEN PONDER CEO/PRESIDENT 40.00
Officer Director
$362,152 $23,919 $386,071
STEVEN SMITH DIRECTOR 0.25
Director
$0 $0 $0
TERI MILLER DIRECTOR 0.25
Director
$0 $0 $0
TREY MCCARLEY DIRECTOR 0.25
Director
$0 $0 $0
WARNER PEACOCK VICE CHAIRMAN 0.25
Director
$0 $0 $0
KYLE CLARK TREASURER 1.00
Officer Director
$0 $53,289 $549,422
WILLIAM SWEENEY DIRECTOR 1.00
Director
$0 $20,626 $182,321
RICK OREAIR DIRECTOR 0.25
Director
$0 $0 $0
SCOTT WITT DIRECTOR 0.25
Director
$0 $0 $0
JP SINCLAIR III CHIEF FINANCIAL OFFICER 40.00
Officer
$155,362 $14,538 $169,900
CHRIS WILSON SVP - DEVELOPMENT 40.00
Highest
$250,850 $14,838 $265,688
COLSON HOSFORD VP-DEV & REAL ESTATE 40.00
Highest
$311,923 $13,047 $324,970
DERRIL BEECH SVP - ANNUAL GIVING 40.00
Highest
$151,673 $12,838 $164,511
DONALD TOMLINSON DIR OF DEVELOPMENT 40.00
Highest
$156,994 $6,055 $163,049
ERIC CARR SVP - DEV & PLANNED GIVING 40.00
Highest
$204,655 $12,906 $217,561
JAMES PITTS DIRECTOR OF INTERNATIONAL PROGRAM 1.00
Highest
$0 $45,745 $249,061
MICHAEL HARTLINE DEAN, COLLEGE OF BUSINESS 1.00
Highest
$0 $38,473 $471,980
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
2024 $80,561,184 $91,821,875 $230,183,894 $-11,260,691
2023 $88,766,017 $73,899,969 $230,811,125 $14,866,048
2022 $51,910,244 $57,864,533 $213,756,436 $-5,954,289
2021 $48,392,781 $47,876,821 $240,991,921 $515,960
2020 $60,885,225 $57,467,581 $264,784,719 $3,417,644
2019 $83,236,128 $58,881,018 $313,243,141 $24,355,110
2018 $58,747,722 $53,495,338 $255,371,643 $5,252,384
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