Usf Management Corporation

Tax-deductible

Tampa, FL501(c)(3)Since 1980EIN 59-2051855Revenue $7.7M in FY2025

On file with the IRS4202 E Fowler Ave Stop Cgs301, 33620-4301 · Tampa, FLTax-exempt since Sep 1982Supporting organization — 509(a)(3)

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Operate and administer for and on behalf of the university of south florida the yuengling center and other assets owned, operated, or under the control of the university for the conduct of university activities, events and entertainment on behalf of the university's students, faculty and staff as well as the community in the which the university resides.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average deficit $64K a year · 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.8M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7M
+3% vs prior year
Spent
$7.4M
To programs
84%
Net assets
−$215K
By yearFY2020–FY2025
Revenue
$7.7M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.0M
FY2021$1.4M
FY2022$4.5M
FY2023$6.5M
FY2024$7.5M
FY2025$7.7M
Expenses
$7.4M
FY2025▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.9M
FY2021$2.3M
FY2022$4.5M
FY2023$6.4M
FY2024$7.4M
FY2025$7.4M
Net assets
−$215K
FY2025▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2020$279K
FY2021−$678K
FY2022−$662K
FY2023−$553K
FY2024−$526K
FY2025−$215K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $6.2M Management & general 16% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director, as of 2/2025
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Until 2/2025
$0Pt VII · Sec A
See Usf Management Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a multi-purpose arena for university and public events, and flies a plane for official business.

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Provided by the organization

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2 programs · $6.2M · in their own filed words · FY2024
01

The organization manages and operates a multi-purpose facility known as the yuengling center arena on behalf of the university of south florida (university) to provide students, faculty and staff of the university, as well as the general public an array of activities. The arena hosted 142 events in fiscal year 2024-2025.

$5.8Mprogram expense
02

The organization provides ownership and operational support for a university aircraft exclusively used to conduct official university business pursuant to usf system policy 0-021.

$453Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.7M
Ln 12
Fees for servicesLn 2g$7.7M
Money outPt IX
$7.4M
Ln 25
Programscol B$6.2M
Managementcol C$1.2M
Owns and owesPt X
−$215K
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$4.6M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.7M
Total revenueLn 12$7.7M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
Land, buildings, equipmentLn 10c$623K
Other assetsLn 15$250K
Total assetsLn 16$4.6M
LiabilitiesLn 26$4.8M
Net assetsLn 32−$215K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.3M$3.0M
Land, buildings, equipmentLn 10c$485K$623K
Total assetsLn 16$3.4M$4.6M
LiabilitiesLn 26$4.0M$4.8M
Net assetsLn 32−$526K−$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$844K$474K$369K
Other employee benefitsLn 9$66K$40K$26K
Payroll taxesLn 10$149K$85K$64K
Management feesLn 11a$350K$350K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$3.8M$3.5M$259K
Advertising and promotionLn 12$663K$663K
Office expensesLn 13$234K$234K
Information technologyLn 14$31K$31K
OccupancyLn 16$199K$199K
TravelLn 17$256K$179K$77K
Conferences, conventions and meetingsLn 19$37$37
Depreciation, depletion and amortizationLn 22$95K$95K
InsuranceLn 23$231K$226K$5K
Other expenses (24a–d)Ln 24$444K$416K$28K
All other expensesLn 24e$261$261
Total functional expensesLn 25$7.4M$6.2M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.7M$7.4M$310K−$215K 990 PDF
FY2024 $7.5M$7.4M$27K−$526K 990 PDF
FY2023 $6.5M$6.4M$109K−$553K 990 PDF
FY2022 $4.5M$4.5M$16K−$662K 990 PDF
FY2021 $1.4M$2.3M−$957K−$678K 990 PDF
FY2020 $4.0M$3.9M$113K$279K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $7,688,950 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,457,099$7,688,950
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,457,099$7,688,950
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,091,718$1,058,392
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,338,106$6,320,284
I-18 Total expensesPrior year $7,429,824$7,378,676
I-19 Revenue less expensesPrior year $27,275$310,274
Part VI · Governance 4 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $7,688,950 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,688,950$7,688,950
VIII-12 Total revenueRelated to mission $7,688,950 · Unrelated business $0 · Excluded from tax $0$7,688,950
Part IX · Statement of functional expenses $7,378,676 across 16 lines filed
IX-7 Other salaries and wagesPrograms $474,241 · Management $369,352$843,593
IX-9 Other employee benefitsPrograms $40,139 · Management $25,861$66,000
IX-10 Payroll taxesPrograms $85,207 · Management $63,592$148,799
IX-11a Management feesPrograms $350,394$350,394
IX-11c Accounting feesManagement $64,709$64,709
IX-11g Other fees for servicesPrograms $3,493,430 · Management $259,063$3,752,493
IX-12 Advertising and promotionPrograms $662,897$662,897
IX-13 Office expensesManagement $234,171$234,171
IX-14 Information technologyManagement $30,525$30,525
IX-16 OccupancyPrograms $198,886$198,886
IX-17 TravelPrograms $179,443 · Management $76,903$256,346
IX-19 Conferences, conventions and meetingsPrograms $37$37
IX-22 Depreciation, depletion and amortizationPrograms $94,941$94,941
IX-23 InsurancePrograms $226,451 · Management $4,622$231,073
IX-24 Other expenses (24a–d)Programs $415,958 · Management $27,593$443,551
IX-24e All other expensesPrograms $261$261
IX-25 Total functional expensesPrograms $6,222,285 · Management $1,156,391 · Fundraising $0$7,378,676
Part X · Balance sheet $4,588,780 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,345,419$3,031,672
X-4 Accounts receivableStart of year $518,732$619,761
X-9 Prepaid expenses and deferred chargesStart of year $48,643$64,048
X-10c Land, buildings and equipment, netStart of year $485,238$622,994
X-15 Other assetsStart of year $30,837$250,305
X-16 Total assetsStart of year $3,428,869$4,588,780
X-17 Accounts payable and accrued expensesStart of year $1,122,951$483,892
X-19 Deferred revenueStart of year $770,270$1,337,996
X-25 Other liabilitiesStart of year $2,061,347$2,982,317
X-26 Total liabilitiesStart of year $3,954,568$4,804,205
X-32 Total net assets or fund balancesStart of year −$525,699−$215,425
X-33 Total liabilities and net assetsStart of year $3,428,869$4,588,780
Part XI · Reconciliation of net assets −$215,425 net assets at year end
XI-1 Total revenue$7,688,950
XI-2 Total expenses$7,378,676
XI-3 Revenue less expenses$310,274
XI-4 Net assets at start of year−$525,699
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$215,425

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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