Tiger Athletic Foundation FY2023 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Since 1983EducationEIN 72-1004960Revenue $86.8M in FY2023

On file with the IRSlsutaf.orgPo Box 711, 70821-0711 · Baton Rouge, LATax-exempt since Nov 1984Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$2.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.9 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
$189.7M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 37 voting members
Looks good: 37 of 37 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$86.8M
+6% vs prior year
Spent
$60.1M
To programs
83%
Net assets
$310.7M
By yearFY2020–FY2024
Revenue
$86.8M
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$37.4M
FY2021$68.0M
FY2022$81.9M
FY2023$86.8M
FY2024$123.9M
Expenses
$60.1M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$35.4M
FY2021$62.9M
FY2022$53.5M
FY2023$60.1M
FY2024$116.2M
Net assets
$310.7M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$267.3M
FY2021$271.2M
FY2022$273.6M
FY2023$310.7M
FY2024$321.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

83 cents of each dollar spent went to programs.

Program services 83% · $50.2M Management & general 10% · $6.3M Fundraising 6% · $3.6M

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

48 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$467,342Pt VII · Sec A
General Counsel
$315,657Pt VII · Sec A
Vice President of Development
$216,679Pt VII · Sec A
Vice President of Accounting & Finance and CFO
$204,039Pt VII · Sec A
Vice President of Donor Experience & Operations
$179,850Pt VII · Sec A
Vice President of Annual Fund, Ticketing & Communi
$173,611Pt VII · Sec A
Exec. Director of Developm
$144,733Pt VII · Sec A
Assistant Facilities & Pro
$138,329Pt 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.

See Tiger Athletic Foundation 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 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

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3 programs · $50.2M · in their own filed words · FY2023
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.

$35.6Mprogram 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.

$14.2Mprogram expense
03

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

$471Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$86.8M
Ln 12
Gifts and grantsLn 1h$68.0M
Fees for servicesLn 2g$8.7M
Other incomeLn 4–11$5.3M
Money outPt IX
$60.1M
Ln 25
Programscol B$50.2M
Managementcol C$6.3M
Fundraisingcol D$3.6M
Owns and owesPt X
$310.7M
net assets · Ln 32
Cash and savingsLn 1–2$74.5M
Total assetsLn 16$500.4M
LiabilitiesLn 26$189.7M
PeoplePt VI, VII
48
listed · VII A
PaidVII A11
Voting boardVI 1a37
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68.0M
Noncash giftsLn 1g$729K
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$4.8M
Other incomeLn 4–11$5.3M
Gains on assetsLn 7−$2.0M
Total revenueLn 12$86.8M
Assets in detailPt X, end of year
CashLn 1$800
SavingsLn 2$74.5M
Cash and savings togetherLn 1–2$74.5M
InvestmentsLn 11–13$125.3M
Land, buildings, equipmentLn 10c$202.8M
Other assetsLn 15$22.2M
Total assetsLn 16$500.4M
LiabilitiesLn 26$189.7M
Net assetsLn 32$310.7M
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 FY23End FY23
Cash and savingsLn 1–2$75.9M$74.5M
InvestmentsLn 11–13$111.6M$125.3M
Land, buildings, equipmentLn 10c$194.9M$202.8M
Total assetsLn 16$480.1M$500.4M
LiabilitiesLn 26$206.5M$189.7M
Net assetsLn 32$273.6M$310.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32.0M$32.0M
Pay of current officers, directors and key staffLn 5$1.6M$266K$1.3M
Other salaries and wagesLn 7$2.2M$125K$604K$1.5M
Other employee benefitsLn 9$1.1M$120K$503K$481K
Payroll taxesLn 10$280K$39K$123K$119K
Legal feesLn 11b$50K$50K
Accounting feesLn 11c$119K$119K
Other fees for servicesLn 11g$33K$33K
Advertising and promotionLn 12$153K$4K$150K
Office expensesLn 13$943K$924K$19K
Information technologyLn 14$242K$134K$108K
OccupancyLn 16$738K$446K$245K$47K
TravelLn 17$704K$87K$617K
Conferences, conventions and meetingsLn 19$21K$21K
InterestLn 20$3.0M$3.0M
Depreciation, depletion and amortizationLn 22$7.6M$7.4M$238K
InsuranceLn 23$1.0M$778K$243K
Other expenses (24a–d)Ln 24$6.1M$4.6M$1.5M$16K
All other expensesLn 24e$2.2M$1.4M$211K$547K
Total functional expensesLn 25$60.1M$50.2M$6.3M$3.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $123.9M$116.2M$7.7M$321.8M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $86,820,468 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $66,853,005$67,955,487
I-9 Program service revenuePrior year $8,672,607$8,672,607
I-10 Investment incomePrior year $3,472,737$4,843,533
I-11 Other revenuePrior year $2,853,155$5,348,841
I-12 Total revenuePrior year $81,851,504$86,820,468
I-13 Grants and similar amounts paidPrior year $25,456,046$32,038,628
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,760,892$5,186,089
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,238,588$22,916,045
I-18 Total expensesPrior year $53,455,526$60,140,762
I-19 Revenue less expensesPrior year $28,395,978$26,679,706
Part VI · Governance 37 of 37 board members independent, no flags
VI-1a Voting members of the governing body37
VI-1b Independent voting members37
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $86,820,468 across 11 lines filed
VIII-1d Related organizations$11,000
VIII-1f All other contributions, gifts and grants$67,944,487
VIII-1g Noncash contributions (included above)$728,822
VIII-1h Total contributions, gifts and grants$67,955,487
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,672,607$8,672,607
VIII-3 Investment incomeExcluded from tax $6,864,807$6,864,807
VIII-6 Net rental income or lossExcluded from tax $4,605,222$4,605,222
VIII-7 Net gain or loss on sales of assetsRelated to mission −$9,426 · Excluded from tax −$2,011,848−$2,021,274
VIII-8 Net income from fundraising eventsExcluded from tax $707,108$707,108
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,511$36,511
VIII-12 Total revenueRelated to mission $8,699,692 · Unrelated business $0 · Excluded from tax $10,165,289$86,820,468
Part IX · Statement of functional expenses $60,140,762 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $32,038,628$32,038,628
IX-5 Pay of current officers, directors and key staffPrograms $266,487 · Management $1,290,692$1,557,179
IX-7 Other salaries and wagesPrograms $124,786 · Management $604,387 · Fundraising $1,515,250$2,244,423
IX-9 Other employee benefitsPrograms $120,116 · Management $502,886 · Fundraising $481,121$1,104,123
IX-10 Payroll taxesPrograms $38,514 · Management $123,319 · Fundraising $118,531$280,364
IX-11b Legal feesPrograms $50,113$50,113
IX-11c Accounting feesManagement $118,889$118,889
IX-11g Other fees for servicesManagement $32,950$32,950
IX-12 Advertising and promotionPrograms $3,503 · Fundraising $149,525$153,028
IX-13 Office expensesManagement $924,049 · Fundraising $19,172$943,221
IX-14 Information technologyManagement $133,862 · Fundraising $108,458$242,320
IX-16 OccupancyPrograms $445,820 · Management $244,875 · Fundraising $47,346$738,041
IX-17 TravelManagement $86,909 · Fundraising $617,498$704,407
IX-19 Conferences, conventions and meetingsManagement $21,352$21,352
IX-20 InterestPrograms $3,013,895$3,013,895
IX-22 Depreciation, depletion and amortizationPrograms $7,351,308 · Management $237,808$7,589,116
IX-23 InsurancePrograms $777,823 · Management $242,699$1,020,522
IX-24 Other expenses (24a–d)Programs $4,575,447 · Management $1,533,374 · Fundraising $16,353$6,125,174
IX-24e All other expensesPrograms $1,405,631 · Management $210,826 · Fundraising $546,560$2,163,017
IX-25 Total functional expensesPrograms $50,212,071 · Management $6,308,877 · Fundraising $3,619,814$60,140,762
Part X · Balance sheet $500,444,734 assets, 18 lines filed
Asset lines not itemized here account for $49,780,542; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $800$800
X-2 Savings and temporary cash investmentsStart of year $75,891,320$74,510,333
X-3 Pledges and grants receivableStart of year $17,871,297$23,333,813
X-4 Accounts receivableStart of year $910,923$1,969,290
X-9 Prepaid expenses and deferred chargesStart of year $342,005$533,215
X-10c Land, buildings and equipment, netStart of year $194,912,633$202,802,277
X-11 Publicly traded securitiesStart of year $111,595,621$125,301,456
X-15 Other assetsStart of year $20,400,956$22,213,008
X-16 Total assetsStart of year $480,076,974$500,444,734
X-17 Accounts payable and accrued expensesStart of year $2,477,440$4,160,475
X-19 Deferred revenueStart of year $62,759,829$54,858,470
X-20 Tax-exempt bond liabilitiesStart of year $118,847,516$111,420,652
X-25 Other liabilitiesStart of year $10,761,194$11,052,411
X-26 Total liabilitiesStart of year $206,464,574$189,716,234
X-27 Net assets without donor restrictionsStart of year $198,170,997$234,941,078
X-28 Net assets with donor restrictionsStart of year $75,441,403$75,787,422
X-32 Total net assets or fund balancesStart of year $273,612,400$310,728,500
X-33 Total liabilities and net assetsStart of year $480,076,974$500,444,734
Part XI · Reconciliation of net assets $310,728,500 net assets at year end
XI-1 Total revenue$86,820,468
XI-2 Total expenses$60,140,762
XI-3 Revenue less expenses$26,679,706
XI-4 Net assets at start of year$273,612,400
XI-5 Net unrealized gains (losses) on investments$10,749,215
XI-7 Investment expenses−$312,821
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$310,728,500

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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