University of Louisville Athletic Association
University of Louisville Athletic Association reported $142.9 million in revenue and $159.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $94.19 went to program services, $4.64 to management and general costs and $1.17 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.2% of the total. The highest compensation it reported for one person was $7,685,745 (Men's Basketball Coach). 78 people received more than $100,000 in reportable compensation. Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $159MFor context, the median across 237 covered recreation & sports charities: $88.05 programs, $10.89 management, $1.06 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $143MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.6% | 10.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 1.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.05 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 25.0% | 25.2% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 60.2% | 61.0% |
| Highest reported compensation Part VII-A, columns D–F | $7,685,745 | $365,322 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.82% | 2.14% |
| People paid over $100,000 Part VII, line 2 | 78 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.6 | 14.9 |
| Independent voting board members Part VI 1a–1b | 10 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe University of Louisville Athletic Association reached new heights in academic achievement, setting a department record with a 96% Graduation Success Rate (GSR), as reported by the NCAA. This milestone reinforces the organization's trajectory of academic excellence, with 18 programs achieving a GSR of 90 or higher and nine programs recording a perfect 100 mark. Continuing this commitment, ten Cardinal programs-including Men's and Women's Basketball, Men's and Women's Cross Country, Men's and Women's Golf, Men's Soccer, Softball, Women's Track and Field, and Volleyball-earned a perfect…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Men's Basketball Coach Highest compensated employee, 50.0 hrs/week | $7,645,170 | $0 | $40,575 | $7,685,745 |
| Head Football Coach Highest compensated employee, 50.0 hrs/week | $6,703,449 | $0 | $856,117 | $7,559,566 |
| Men's basketball coach Highest compensated employee, 50.0 hrs/week | $1,846,106 | $0 | $45,334 | $1,891,440 |
| Men's Baseball Coach Highest compensated employee, 50.0 hrs/week | $1,472,586 | $0 | $144,035 | $1,616,621 |
| Athletic Director Officer, 50.0 hrs/week | $1,077,315 | $0 | $189,504 | $1,266,819 |
| Pres/Chair to 3/26/25 Director/trustee, officer, 0.5 hrs/week | $0 | $947,939 | $299,255 | $1,247,194 |
| Women's Basketball Coach Highest compensated employee, 50.0 hrs/week | $1,155,072 | $0 | $58,377 | $1,213,449 |
| Director to Pres eff 3/27/25 Director/trustee, officer, 0.5 hrs/week | $0 | $657,196 | $61,427 | $718,623 |
78 people received more than $100,000 in reportable compensation from University of Louisville Athletic Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5666
- Volunteers Part I, line 6116
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| STM CHARTERS INC Travel services | $1,688,138 |
| SERVICE AMERICA CORPORATION Concession services | $1,562,556 |
| NEW ENGLAND FLIGHT WATCH LLC Travel services | $1,299,434 |
| AEG MANAGEMENT LOUISVILLE LLC Event management | $882,770 |
| ARC CONSTRUCTION MANAGEMENT LLC Construction services | $780,253 |
Individuals listed as contractors are left out. 43 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to University of Louisville Athletic Association totaling $873K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Louisville Athletic Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Louisville Athletic Association, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Louisville Athletic Association spent in FY2025, $94.19 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Usta National Tennis CenterPurchase, NY · revenue $140M · programs 99.4% · 2024
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- National Forest FoundationMissoula, MT · revenue $132M · programs 93.0% · FY2025
- Central Park ConservancyNew York, NY · revenue $173M · programs 79.4% · FY2025
- Pasadena Tournament of Roses AssociationPasadena, CA · revenue $126M · programs 96.6% · FY2026
All recreation & sports charities · Largest charities in Kentucky
Questions people ask
How much of University of Louisville Athletic Association's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Louisville Athletic Association reported that 94.2% of its $159.4 million in expenses went to program services, 4.6% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does University of Louisville Athletic Association pay its top executive?
The largest total compensation University of Louisville Athletic Association reported for one person in the fiscal year ending June 30, 2025 was $7,685,745, for the role of Men's Basketball Coach (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Louisville Athletic Association get its money?
Of $142.9 million in revenue in the fiscal year ending June 30, 2025, 25.0% came from contributions and grants and 60.2% from program service revenue (Form 990, Part VIII).
Is University of Louisville Athletic Association a registered charity?
The IRS lists EIN 31-1106941 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349300529 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349310489 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349310664 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349304832 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349304654 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349301135 · read the filing
All filings for EIN 31-1106941: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.