FRIENDS OF UNIV OF NOTRE DAME

EIN: 874530736 501(c)(3)

SOUTH BEND, IN

Total Revenue
$7,059,181
Total Expenses
$11,350,038
Total Assets
$16,949,132
Net Assets
$16,949,132
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IN
Principal Officer
GIA HAIGH
Phone
2066964152
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF UNIV OF NOTRE DAME, founded in 2022, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $11.4M exceeded revenue, resulting in a 61% operating deficit.

Mission

FRIENDS OF THE UNIVERSITY OF NOTRE DAME, INC (FUND) IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EXEMPT PURPOSES THAT PROMOTES CHARITABLE ORGANIZATIONS AND THEIR MISSIONS BY USING THE NAME, IMAGE, AND LIKENESS OF UNIVERSTIY OF NOTRE DAME STUDENT-ATHLETES.

Program Service Accomplishments

Program 1
Expenses: $11,268,690

FRIENDS OF THE UNIVERSITY OF NOTRE DAME INC ("FUND") PROVIDED CHARITABLE ORGANIZATIONS WITH IN-KIND SUPPORT SERVICES TO HELP SUPPORTED CHARITIES FULFILL THEIR CHARITABLE MISSIONS AND PROGRAM SERVICES...

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FRIENDS OF THE UNIVERSITY OF NOTRE DAME INC ("FUND") PROVIDED CHARITABLE ORGANIZATIONS WITH IN-KIND SUPPORT SERVICES TO HELP SUPPORTED CHARITIES FULFILL THEIR CHARITABLE MISSIONS AND PROGRAM SERVICES WITH THE SERVICES OF STUDENT ATHLETES WHO MAKE APPEARANCES, CREATE CONTENT ON SOCIAL MEDIA PLATFORMS IN SUPPORT OF THE CHARITABLE ORGANIZATIONS PROGRAMS AND EVENTS, AND OTHERWISE RAISE THE PROFILE OF THE CHARITABLE ORGANIZATIONS IN THE COMMUNITIES WHERE THE ORGANIZATIONS ARE LOCATED. THE PROGRAM LEVERAGES THE STUDENT ATHLETES NAME, IMAGE, AND LIKENESS TO MAKE A DIFFERENCE FOR THE SUPPORTED CHARITIES AND THEIR EXEMPT PURPOSES. SUPPORTED CHARITABLE ORGANIZATIONS REQUEST FUNDS SUPPORT OR ARE IDENTIFIED BY STUDENT ATHLETES WHO ARE ALIGNED WITH A CHARITABLE ORGANIZATIONS MISSION AND WORK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,171,292
Program Service Revenue $0
Investment Income $887,889
Other Revenue $0
TOTAL REVENUE $7,059,181

Expense Breakdown

Grants Paid $120,000
Salaries & Benefits $267,312
Fundraising Expenses $0
Program Expenses $11,268,690
Other Expenses $10,962,726
TOTAL EXPENSES $11,350,038

Year-over-Year Comparison

2024 2023 Change
Revenue $7,059,181 $20,501,022 -0.7%
Expenses $11,350,038 $5,621,169 +1.0%
Net Income $-4,290,857 $14,879,853 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
N/A

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
4
$260,000
Total Directors
9
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GIA HAIGH FINANCE OFFI 30.00
Officer
$115,833 $0 $115,833
MEGAN WHITT OPERATING OF 30.00
Officer
$99,167 $0 $99,167
KEVIN KLAU EXECUTIVE DI 20.00
Officer Director
$45,000 $0 $45,000
GREG DUGARD CHAIRMAN 10.00
Officer Director
$0 $0 $0
PATRICK EILERS DIRECTOR 2.00
Director
$0 $0 $0
JAMES FLAHERTY DIRECTOR 2.00
Director
$0 $0 $0
TRACY GRAHAM DIRECTOR 2.00
Director
$0 $0 $0
JAMES DUNNE III DIRECTOR 2.00
Director
$0 $0 $0
KAREN KEYES DIRECTOR 2.00
Director
$0 $0 $0
BRADY QUINN DIRECTOR 2.00
Director
$0 $0 $0
J CHRISTOPHER REYES DIRECTOR 2.00
Director
$0 $0 $0
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
2024 $7,059,181 $11,350,038 $16,949,132 $-4,290,857
2023 $20,501,022 $5,621,169 $21,164,470 $14,879,853
2022 $7,776,603 $1,258,226 $6,518,377 $6,518,377
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