Civic Intelligence

Tiger Athletic Foundation

990 • Fiscal year 2018 • EIN 72-1004960

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 08, 2019

PO Box 711Baton Rouge, LA 70821-0711

(225) 578-4823

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.44x

Higher debt load relative to assets than 64% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

2.86x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

91st percentile

39%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

17th percentile

$396,124

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

19th percentile

-3.0%

Faster asset growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

19%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Down

$483,647,760

Down $15,077,338 (-3.0%) from 2017

Net Assets

Up

$270,135,661

Up $25,740,594 (+11%) from 2017

Liabilities

Down

$213,512,099

Down $40,817,932 (-16%) from 2017

Revenue

Up

$74,737,514

Up $11,920,290 (+19%) from 2017

Expenses

Up

$45,940,310

Up $9,003,120 (+24%) from 2017

Net Income

Up

$28,797,204

Up $2,917,170 (+11%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $265,398,482Liabilities 2010: $184,911,044Net Assets 2010: $80,487,4382010Assets 2011: $275,548,707Liabilities 2011: $175,702,073Net Assets 2011: $99,846,6342011Assets 2012: $367,467,376Liabilities 2012: $234,891,618Net Assets 2012: $132,575,7582012Assets 2013: $411,629,467Liabilities 2013: $268,897,851Net Assets 2013: $142,731,6162013Assets 2014: $465,036,593Liabilities 2014: $290,711,323Net Assets 2014: $174,325,2702014Assets 2015: $478,141,192Liabilities 2015: $282,113,118Net Assets 2015: $196,028,0742015Assets 2016: $480,706,726Liabilities 2016: $263,528,961Net Assets 2016: $217,177,7652016Assets 2017: $498,725,098Liabilities 2017: $254,330,031Net Assets 2017: $244,395,0672017Assets 2018: $483,647,760Liabilities 2018: $213,512,099Net Assets 2018: $270,135,6612018Assets 2019: $483,840,072Liabilities 2019: $225,838,790Net Assets 2019: $258,001,2822019Assets 2020: $480,723,607Liabilities 2020: $213,470,627Net Assets 2020: $267,252,9802020Assets 2021: $492,455,521Liabilities 2021: $221,283,231Net Assets 2021: $271,172,2902021Assets 2022: $480,076,974Liabilities 2022: $206,464,574Net Assets 2022: $273,612,4002022Assets 2023: $500,444,734Liabilities 2023: $189,716,234Net Assets 2023: $310,728,5002023Assets 2024: $497,147,059Liabilities 2024: $175,297,198Net Assets 2024: $321,849,8612024

Highlighted filing

2018

Assets$483,647,760
Liabilities$213,512,099
Net Assets$270,135,661

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $21,090,9822010Expenses 2011: $26,036,2812011Revenue 2012: $55,908,465Expenses 2012: $23,530,166Net Income 2012: $32,378,2992012Revenue 2013: $46,558,400Expenses 2013: $40,263,642Net Income 2013: $6,294,7582013Revenue 2014: $62,954,296Expenses 2014: $29,971,548Net Income 2014: $32,982,7482014Revenue 2015: $64,713,963Expenses 2015: $42,060,208Net Income 2015: $22,653,7552015Revenue 2016: $63,385,563Expenses 2016: $42,684,639Net Income 2016: $20,700,9242016Revenue 2017: $62,817,224Expenses 2017: $36,937,190Net Income 2017: $25,880,0342017Revenue 2018: $74,737,514Expenses 2018: $45,940,310Net Income 2018: $28,797,2042018Revenue 2019: $65,331,391Expenses 2019: $83,087,148Net Income 2019: -$17,755,7572019Revenue 2020: $37,350,146Expenses 2020: $35,380,769Net Income 2020: $1,969,3772020Revenue 2021: $67,955,012Expenses 2021: $62,883,681Net Income 2021: $5,071,3312021Revenue 2022: $81,851,504Expenses 2022: $53,455,526Net Income 2022: $28,395,9782022Revenue 2023: $86,820,468Expenses 2023: $60,140,762Net Income 2023: $26,679,7062023Revenue 2024: $123,859,705Expenses 2024: $116,193,388Net Income 2024: $7,666,3172024

Highlighted filing

2018

Revenue$74,737,514
Expenses$45,940,310
Net Income$28,797,204
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 8, 2019
Return Version
2018v3.1
Gross Receipts
$114,624,948
Mission and Program Overview

Mission

To support louisiana state university and its athletic programs

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$220,763,194$234,225,787▲ $13,462,593
Investments in Publicly Traded Securities-$101,645,101-
Savings and Temporary Cash Investments$191,839,371$81,462,527▼ $110,376,844
Other Notes and Loans Receivable, Net$46,589,551$29,459,738▼ $17,129,813
Pledges and Grants Receivable$19,168,568$11,362,450▼ $7,806,118
Accounts Receivable$965,492$10,055,181▲ $9,089,689
Prepaid Expenses and Deferred Charges$528,478$448,838▼ $79,640
Cash and Non-Interest-Bearing Accounts$800$800→ $0
Total Assets$498,725,098$483,647,760▼ $15,077,338
Other Assets Total$18,869,644$14,987,338▼ $3,882,306
Liabilities
Tax Exempt Bond Liabilities$157,727,313$149,672,749▼ $8,054,564
Deferred Revenue$65,204,583$32,436,434▼ $32,768,149
Mortgage Notes Payable Secured by Investment Property$24,908,926$22,342,656▼ $2,566,270
Accounts Payable and Accrued Expenses$2,420,413$5,587,096▲ $3,166,683
Other Liabilities$4,068,796$0▼ $4,068,796
Escrow Account Liability-$3,473,164-
Total Liabilities$254,330,031$213,512,099▼ $40,817,932
Net Assets / Fund Balance
Unrestricted Net Assets$170,424,179$203,110,119▲ $32,685,940
Temporarily Rstr Net Assets$55,938,106$48,746,832▼ $7,191,274
Permanently Rstr Net Assets$18,032,782$18,278,710▲ $245,928
Total Net Assets Fund Balance$244,395,067$270,135,661▲ $25,740,594
Total Liabilities and Net Assets / Fund Balance$498,725,098$483,647,760▼ $15,077,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$201,364,405$53,834,043$255,198,448
Other Land Buildings$23,425,994-$23,425,994
Leasehold Improvements$4,632,532$727,429$5,359,961
Land$4,740,000-$4,740,000
Equipment$62,856$302,961$365,817

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$18,240,515$1,242,157▼ $602,813$601,149$18,278,710
2017$15,994,072$946,687▲ $1,864,084$564,328$18,240,515
2016$12,865,558$2,711,887▲ $466,698$50,071$15,994,072
2015$11,393,136$2,559,668▼ $639,621$447,625$12,865,558
2014$10,763,439$1,104,993▼ $51,041$424,255$11,393,136
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard B PerryPresident and CEOFT$354,354$41,770$396,124
David HardyExec. Vice President & General CounselFT$286,003$30,127$316,130
David HardyExec. Vice President & General Couns-$286,003$30,127$316,130
Robert B RossVice President of DevelopmentFT$188,301$40,527$228,828
Joseph M CarvalhidoVice President of Operations & ServicesFT$182,203$44,573$226,776
Joseph M CarvalhidoVice President of Operations & Servi-$182,203$44,573$226,776
Alicia VidrineVice President of Accounting & Finance and CFOFT$175,282$42,881$218,163
Alicia VidrineVice President of Accounting & Finan-$175,282$42,881$218,163
Bunnie CannonExec. Director Development Support ServicesFT$167,564$22,867$190,431
Bunnie CannonExec. Director Development Support S-$167,564$22,867$190,431
Derek DentonExec. Director of DevelopmentFT$112,101$37,067$149,168

Board Members and Trustees

NameTitle
Jake NettervilleChairman
Brian P CheramieChairman - Elect
E Robert TheriotImmediate Past Chairman
Aimee SimonBoard of Directors
Allyson PharrBoard of Directors
Beth TopeBoard of Directors
Bruce a AdamsBoard of Directors
Charles H Penn IiiBoard of Directors
Charles S WilliamsBoard of Directors
Darrel J PapillionBoard of Directors
David TomsBoard of Directors
Eric LaneBoard of Directors
Janice GuitreauBoard of Directors
Jerry Shea JrBoard of Directors
Kelly SpearsBoard of Directors
Laura LeachBoard of Directors
Lawrence X Boucvalt IiiBoard of Directors
Leigh D KingBoard of Directors
Linda DowlingBoard of Directors
Michael E OlindeBoard of Directors
Pete BushBoard of Directors
Ric KearnyBoard of Directors
Robert J PatrickBoard of Directors
Ronnie LabordeBoard of Directors
Sandy YoungBoard of Directors
Steve RobinsonBoard of Directors
Steven J ShermanBoard of Directors
Thomas JuneauBoard of Directors
Woody D BilyeuBoard of Directors
DWAYNE HONORE'Executive Committee
David RobertsExecutive Committee
Eric D HillExecutive Committee
Joe LarussaExecutive Committee
Melinda W ManghamExecutive Committee
Theresa M GallionExecutive Committee
Todd SchexnayderSecretary
R Craig RathjenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Arkel ConstructorsConstructionPO BOX 4307, Baton Rouge, LA 70821$12,239,549
Panasonic Corp Of North AmericaVideo EquipmentPO BOX 13887, Newark, NJ 07102$2,864,819
Drakes Catering LLCCateringPO BOX 86730, Baton Rouge, LA 70879$2,157,413
Alpha Video And Audio INCVideo Equipment7690 GOLDEN TRIANGLE DR, Eden Prairie, MN 55344$1,741,891
Executive Aircraft Charter ServicesAir TravelPO BOX 98000, Lafayette, LA 70509$1,095,805
Revenue and Support

Revenue Composition

Contributions and Grants
$43,979,014
Program Service Revenue
$8,800,000
Investment Income
$3,776,262
Other Revenue
$18,182,238
All Other Contributions
$43,894,974
Change in Net Assets
$28,797,204

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded15$501,056
Food Inventory1$13,500
Total Noncash Contributions16$514,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$74,687,741
Revenue Not Reported on Financial Statements
$49,773
Revenue Not Reported on Form 990
$-3,056,610
Other Revenue Adjustments
$49,773
Total Revenue per Audited Statements
$71,631,131
Total Revenue per Form 990
$74,737,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,560,714
Grants and Similar Amounts Paid$18,035,915
Salaries, Compensation, and Employee Benefits$4,343,681
Total Fundraising Expense$2,623,223
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$18,035,915--$18,035,915
Depreciation Depletion$7,771,923--$7,771,923
Interest$5,287,966--$5,287,966
Other Salaries and Wages$179,803$1,154,047$823,465$2,157,315
All Other Expenses$1,033,153$119,514$280,985$1,433,652
Current Officers, Directors, Trustees, and Key Employees$149,621$960,322-$1,109,943
Other Employee Benefits$126,206$512,966$202,186$841,358
Insurance$525,440$117,158-$642,598
Office Expenses-$581,339$31,434$612,773
Travel-$80,830$476,914$557,744
Other Expenses$453,282$23,072$551,007$453,282
Occupancy$64,800$234,261$27,688$326,749
Payroll Taxes$32,400$138,706$63,959$235,065
Fees for Service Investment Mgmnt Fees-$211,761-$211,761
Information Technology-$108,196$47,903$156,099
Advertising$36,240-$117,682$153,922
Fees for Services Accounting-$133,977-$133,977
Fees for Services Legal$92,019--$92,019
Fees for Services Management$33,868--$33,868
Conferences and Meetings-$26,963-$26,963
Total Functional Expenses$36,668,794$6,648,293$2,623,223$45,940,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$45,940,310
Total Expenses per Form 990$45,940,310
Total Expenses per Audited Statements$45,890,537
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-49,773
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Louisiana State UniversityBaton Rouge, LASee Part IvTO SUPPORT LOUISIANA STATE UNIVERSITY'S ATHLETIC PROGRAMS$18,035,915
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$276,098
Fundraising Direct Expenses$161,988
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$84,475$84,475$33,461$51,014
Tiger Tours$9,550$9,550$53,894$-44,344
Total Events$324,598$276,098$161,988$114,110
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALa Public Facilities Authority2012-10-23$70,000,000SEE PART VI
CLa Public Facilities Authority2015-11-02$53,045,000SEE PART VI
BLa Public Facilities Authority2015-07-01$52,000,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$70,000,000--$629,650
C$53,045,000---
B$52,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Tiger athletic foundation contracts with colonnade group, inc. To advise taf on the management and operation of the alex box suites, stadium club, and tiger den suites. Taf has hired former colonnade employees to do the work directly for taf and colonnade is now a consultant. The contract for colonnade group was submitted under a competitive bid process, and the contract is reviewed annually by the board. Colonnade group is an unrelated entity to tiger athletic foundation.

Form 990, Part VI, Section B, Line 11B

A copy of this form 990 was provided to the taxpayer before it was filed. The audit committee, cfo & controller reviewed the 990 and had their tax attorney review it before it was filed.

Form 990, Part VI, Section B, Line 12C

The cfo reviews the conflict of interest policy on an annual basis. Taf requires all employees and directors to disclose any potential personal or business associations which could be perceived as a conflict of interest. Throughout the year, directors are reminded to disclose any new relationships where a conflict of interest may be present.

Form 990, Part VI, Section B, Line 15

The executive committee and compensation committee meet annually to review and approve all compensation issues. Those whose compensation is being approved recuse themselves from the meeting. The review consists of comparisons to other athletic foundations, review of annual compensation surveys, and a review of overall market trends in the non profit industry. All compensation decisions are contemporaneously documented.

Form 990, Part VI, Section C, Line 19

Tiger athletic foundation makes their financial statements available on their own website. Regarding their governing documents and conflict of interest policy, these are made available upon request.

Filing and Contact Details

Filer

Filer Name
Tiger Athletic Foundation
EIN
72-1004960
Phone
2255784823
Address
PO BOX 711, BATON ROUGE, LA 70821-0711

Signing Officer

Name
Alicia Vidrine
Title
CFO and Vice President
Phone
2255784823
Signed
2019-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alicia Vidrine
Formed
1983
Legal Domicile
La
Voting Board Members
37
Independent Board Members
37
Employees
214
Volunteers
37

Preparer

Firm
Laporte Apac
Address
TOWN HALL WEST 10000 PERKINS ROWE, 200, BATON ROUGE, LA 70810-1797
Preparer
John S Wiles CPA
Phone
2252965150
Supplemental Narrative

Additional Explanations

FORM 990, PART X:

In order to provide additonal clarity around the organization's investments, the balance sheet presentation for the end of the year assets have been modified. The organizations investments have not changed from the prior but the organization believes the expanded descriptions and categories provide more clarity around the nature of the investments.

FORM 990, PART XII, LINE 2C:

There were no changes made to the audit committee processes from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The amounts held in custody for others are the booster club escrow accounts and affiliated chapters accounts, which were established as a custodial fund at the request of lsu, accounts held for the lsu athletics department, as well as other small miscellaneous agency accounts. The booster club escrow accounts and affiliated chapters accounts were created in order for taf to act as a nonaffiliated party in overseeing the revenue generated by the booster clubs and affiliated chapters of lsu and to provide institutional control as required by ncaa rules. The amounts held for the lsu athletic department are to fund special projects, as needed, and to establish maintenance reserve accounts for newly constructed lsu athletic facilities as required by the board of regents policy.

PART V, LINE 4:

The endowment funds are used to fund athletic scholarships.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Penalties and interest assessed by income taxing authorities, if any, would be included in operating expenses.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising events expenses - recorded net on tax return with fundraising events income -161,988. Investment management fees 211,761.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising events expenses - recorded net on tax return with fundraising events income 161,988. Investment management fees -211,761.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN - ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST CHAIRMAN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$497$175$322$124$116$7.67
2023Detailed filing. Detailed filing data is available for this year.$500$190$311$86.8$60.1$26.7
2022Detailed filing. Detailed filing data is available for this year.$480$206$274$81.9$53.5$28.4
2021Detailed filing. Detailed filing data is available for this year.$492$221$271$68.0$62.9$5.07
2020Detailed filing. Detailed filing data is available for this year.$481$213$267$37.4$35.4$1.97
2019Detailed filing. Detailed filing data is available for this year.$484$226$258$65.3$83.1$17.8
2018Detailed filing. Detailed filing data is available for this year.$484$214$270$74.7$45.9$28.8
2017Detailed filing. Detailed filing data is available for this year.$499$254$244$62.8$36.9$25.9
2016Detailed filing. Detailed filing data is available for this year.$481$264$217$63.4$42.7$20.7
2015Detailed filing. Detailed filing data is available for this year.$478$282$196$64.7$42.1$22.7
2014Detailed filing. Detailed filing data is available for this year.$465$291$174$63.0$30.0$33.0
2013Detailed filing. Detailed filing data is available for this year.$412$269$143$46.6$40.3$6.29
2012Summary only. Only limited summary data is available for this year.$367$235$133$55.9$23.5$32.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$276$176$99.8$26.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$265$185$80.5$21.1