University Of Kentucky Varsity
- Assets
- $13.7k
- Revenue
- $162.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/1973
- Data as of
- 08/2020
- EIN
- 23-7220532
Organization Overview
University Of Kentucky Varsity is located in Lexington, KY. The organization was established in 1973. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Kentucky Varsity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2020, University Of Kentucky Varsity generated $162.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $175.8k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AID AND ASSIST THE UNIVERSITY OF KENTUCKY IN RAISING FUNDS TO FURTHER THE EDUCATION, RELIGIOUS, CHARITABLE AND ATHLETIC PROGRAMS AT THE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID AND ASSIST THE UNIVERSITY OF KENTUCKY IN RAISING FUNDS TO FURTHER THE EDUCATION, RELIGIOUS, CHARITABLE, AND ATHLETIC PROGRAMS AT THE UNIVERSITY AND OTHER CAMPUS ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Burnett Executive Director | Trustee | 30 | $27,500 |
Chuck Arnold President | Officer | 0 | $0 |
Todd Shadowen Treasurer | Officer | 0 | $0 |
Brad Little Secretary | Officer | 0 | $0 |
Jack Brown President Elect | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $287 |
| Office expenses | $5,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $175,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $13,709 |
| Total liabilities and net assets/fund balances | $13,709 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Kentucky Varsity has recieved totaling $290,000.
| Awarding Organization | Amount |
|---|---|
Helene Fuld Health Trust New York, NY PURPOSE: TO PROMOTE PRG & STUDY IN | $265,000 |
Pci Foundation Naperville, IL | | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Ridge Associated Universities Inc Oak Ridge, TN | $44,030,627 | $90,563,395 |
Consortium For Graduate Study In Management Chesterfield, MO | $9,583,885 | $57,272,361 |
Illinois Education Association Springfield, IL | $64,667,828 | $57,614,736 |
Ohio Education Assn Columbus, OH | $181,547,317 | $62,723,391 |
American Library Association Chicago, IL | $94,861,095 | $46,373,776 |
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
Independent Colleges Of Indiana Inc Indianapolis, IN | $93,815,740 | $20,196,793 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |