Tiger Athletic Foundation FY2020 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Since 1983EducationEIN 72-1004960

To support louisiana state university and its athletic and education programs.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $14.0M a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $60K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$213.5M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37.4M
Spent
$35.4M
To programs
82%
Net assets
$267.3M
By yearFY2020–FY2024
Revenue
$37.4M
FY2020
Revenue by fiscal year
FY2020$37.4M
FY2021$68.0M
FY2022$81.9M
FY2023$86.8M
FY2024$123.9M
Expenses
$35.4M
FY2020
Expenses by fiscal year
FY2020$35.4M
FY2021$62.9M
FY2022$53.5M
FY2023$60.1M
FY2024$116.2M
Net assets
$267.3M
FY2020
Net assets by fiscal year
FY2020$267.3M
FY2021$271.2M
FY2022$273.6M
FY2023$310.7M
FY2024$321.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1984.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $28.9M Management & general 11% · $3.7M Fundraising 8% · $2.7M

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

Who runs it and what they're paid

47 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$372,531Pt VII · Sec A
Executive Vice President & General Counsel
$291,786Pt VII · Sec A
Vice President of Development
$208,023Pt VII · Sec A
Vice President of Operations
$190,616Pt VII · Sec A
Vice President of Accounting & Finance and CFO
$187,658Pt VII · Sec A
Executive Director Development
$174,065Pt VII · Sec A
Exec. Director of Development
$131,092Pt VII · Sec A
Assistant Facilities & Project Manager
$112,623Pt VII · Sec A

Matthew Borman’s $544K as President and CEO is at the 45th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matthew Borman$544,352$467,342$402,229$214,594—
Richard B Perry———$238,731$372,531
David Hardy$327,810$315,657$298,968$273,439$291,786
Robert B Ross$229,939$216,679$195,637$184,989$208,023
Alicia Vidrine$212,928$204,039$192,676$176,386$187,658
Joseph M Carvalhido———$157,389$190,616
Kaitlyn Vincek Cox$190,423$173,611$156,349——
Jamie Hall—$179,850$156,876——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Raises funds and provides financial support for Louisiana State University's athletic and educational programs to enhance facilities, student-athlete scholarships, and academic initiatives.

Provided by the organization

This section is blank until Tiger Athletic Foundation claims this page.

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3 program services account for $28.9M of program spending, described in the organization's own filed words · FY2020.
01

Tiger athletic foundation (taf) assists the louisiana state university and agricultural and mechanical college (lsu) athletic programs. Taf helped to defray the cost of more than 450 student athletes, to maintain and improve athletic facilities, and to retire present indebtedness.

$17.0Mprogram expense
02

Tiger athletic foundation oversees the management of the tiger den suites, stadium club, and alex box suites for louisiana state university and agricultural and mechanical college.

$11.4Mprogram expense
03

Tiger athleic foundation (taf) supports louisiana state university agricultural and mechanical college (lsu).

$468Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$60K
Grants paid · 5 grants · $192.7M · 2020–2024
Louisiana State University and A&mLA · FY2024$84,146,181
Louisiana State University and A&mLA · FY2023$32,038,628
Louisiana State University and A&mLA · FY2022$25,456,046
Louisiana State University and A&mLA · FY2021$37,442,608
Louisiana State University and A&mLA · FY2020$13,579,844

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$37.4M
Ln 12
Gifts and grantsLn 1h$18.1M
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$5.4M
Money outPt IX
$35.4M
Ln 25
Programscol B$28.9M
Managementcol C$3.7M
Fundraisingcol D$2.7M
Owns and owesPt X
$267.3M
net assets · Ln 32
Cash and savingsLn 1–2$66.4M
Total assetsLn 16$480.7M
LiabilitiesLn 26$213.5M
PeoplePt VI, VII
47
listed · VII A
PaidVII A9
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.1M
Noncash giftsLn 1g$357K
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$5.4M
Other incomeLn 4–11$5.3M
Gains on assetsLn 7$1.9M
Total revenueLn 12$37.4M
Assets in detailPt X, end of year
CashLn 1$800
SavingsLn 2$66.4M
Cash and savings togetherLn 1–2$66.4M
InvestmentsLn 11–13$138.4M
Land, buildings, equipmentLn 10c$209.1M
Other assetsLn 15$13.7M
Total assetsLn 16$480.7M
LiabilitiesLn 26$213.5M
Net assetsLn 32$267.3M
OperationsPt I, VI
EmployeesI 5200
VolunteersI 637
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$61.6M$66.4M
InvestmentsLn 11–13$120.8M$138.4M
Land, buildings, equipmentLn 10c$216.7M$209.1M
Total assetsLn 16$483.8M$480.7M
LiabilitiesLn 26$225.8M$213.5M
Net assetsLn 32$258.0M$267.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13.6M$13.6M
Pay of current officers, directors and key staffLn 5$1.2M$147K$1.0M
Other salaries and wagesLn 7$2.4M$174K$1.2M$1.0M
Other employee benefitsLn 9$897K$103K$535K$258K
Payroll taxesLn 10$251K$27K$145K$79K
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$107K$107K
Advertising and promotionLn 12$316K$16K$300K
Office expensesLn 13$880K$871K$9K
Information technologyLn 14$138K$87K$51K
OccupancyLn 16$296K$51K$217K$28K
TravelLn 17$429K$73K$356K
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$3.8M$3.8M
Depreciation, depletion and amortizationLn 22$8.0M$8.0M
InsuranceLn 23$699K$578K$121K
Other expenses (24a–d)Ln 24$2.1M$1.8M$335K
All other expensesLn 24e$262K$621K−$670K$310K
Total functional expensesLn 25$35.4M$28.9M$3.7M$2.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $123.9M$116.2M$7.7M$321.8M 990 PDF
FY2023 $86.8M$60.1M$26.7M$310.7M 990 PDF
FY2022 $81.9M$53.5M$28.4M$273.6M 990 PDF
FY2021 $68.0M$62.9M$5.1M$271.2M 990 PDF
FY2020 Viewing $37.4M$35.4M$2.0M$267.3M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $37,350,146 across 11 lines filed
VIII-1d Related organizations$17,150
VIII-1f All other contributions, gifts and grants$18,052,692
VIII-1g Noncash contributions (included above)$356,558
VIII-1h Total contributions, gifts and grants$18,069,842
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,500,000$8,500,000
VIII-3 Investment incomeExcluded from tax $3,548,064$3,548,064
VIII-6 Net rental income or lossExcluded from tax $5,045,024$5,045,024
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,896,315$1,896,315
VIII-8 Net income from fundraising eventsExcluded from tax $276,930$276,930
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,971$13,971
VIII-12 Total revenueRelated to mission $8,513,971 · Unrelated business $0 · Excluded from tax $10,766,333$37,350,146
Part IX · Statement of functional expenses $35,380,769 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $13,579,844$13,579,844
IX-5 Pay of current officers, directors and key staffPrograms $147,266 · Management $1,026,417$1,173,683
IX-7 Other salaries and wagesPrograms $174,020 · Management $1,212,885 · Fundraising $1,006,983$2,393,888
IX-9 Other employee benefitsPrograms $103,323 · Management $534,907 · Fundraising $258,303$896,533
IX-10 Payroll taxesPrograms $26,791 · Management $145,124 · Fundraising $78,949$250,864
IX-11b Legal feesPrograms $31,427$31,427
IX-11c Accounting feesManagement $106,893$106,893
IX-12 Advertising and promotionPrograms $16,012 · Fundraising $300,452$316,464
IX-13 Office expensesManagement $871,071 · Fundraising $9,421$880,492
IX-14 Information technologyManagement $87,448 · Fundraising $50,560$138,008
IX-16 OccupancyPrograms $51,000 · Management $217,273 · Fundraising $27,928$296,201
IX-17 TravelManagement $72,889 · Fundraising $355,776$428,665
IX-19 Conferences, conventions and meetingsManagement $5,538$5,538
IX-20 InterestPrograms $3,828,176$3,828,176
IX-22 Depreciation, depletion and amortizationPrograms $7,976,505$7,976,505
IX-23 InsurancePrograms $578,142 · Management $121,134$699,276
IX-24 Other expenses (24a–d)Programs $1,781,656 · Fundraising $334,924$2,116,580
IX-24e All other expensesPrograms $621,002 · Management −$669,622 · Fundraising $310,352$261,732
IX-25 Total functional expensesPrograms $28,915,164 · Management $3,731,957 · Fundraising $2,733,648$35,380,769
Part X · Balance sheet $480,723,607 assets, 18 lines filed
Asset lines not itemized here account for $36,429,621; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $800$800
X-2 Savings and temporary cash investmentsStart of year $61,551,776$66,414,758
X-3 Pledges and grants receivableStart of year $12,372,500$10,829,865
X-4 Accounts receivableStart of year $7,914,998$5,677,957
X-9 Prepaid expenses and deferred chargesStart of year $182,574$195,917
X-10c Land, buildings and equipment, netStart of year $216,736,243$209,055,655
X-11 Publicly traded securitiesStart of year $120,849,737$138,372,406
X-15 Other assetsStart of year $8,799,007$13,746,628
X-16 Total assetsStart of year $483,840,072$480,723,607
X-17 Accounts payable and accrued expensesStart of year $3,845,143$1,858,764
X-19 Deferred revenueStart of year $57,794,327$57,876,254
X-20 Tax-exempt bond liabilitiesStart of year $141,591,383$133,841,244
X-25 Other liabilitiesStart of year $0$36,121
X-26 Total liabilitiesStart of year $225,838,790$213,470,627
X-27 Net assets without donor restrictionsStart of year $202,787,864$208,237,621
X-28 Net assets with donor restrictionsStart of year $55,213,418$59,015,359
X-32 Total net assets or fund balancesStart of year $258,001,282$267,252,980
X-33 Total liabilities and net assetsStart of year $483,840,072$480,723,607
Part XI · Reconciliation of net assets $267,252,980 net assets at year end
XI-1 Total revenue$37,350,146
XI-2 Total expenses$35,380,769
XI-3 Revenue less expenses$1,969,377
XI-4 Net assets at start of year$258,001,282
XI-5 Net unrealized gains (losses) on investments$7,663,867
XI-7 Investment expenses−$381,546
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$267,252,980

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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