NCAA Form 990
The Form 990 is used by non-profits to file taxes with the federal government. One such organizations is the NCAA, who is a non-profit that regulates college sports. The most recent Form 990 filled out by the NCAA that is available to the public is their form from 2013. On their Form 990, they recorded revenues at $906,191,666 and expenses at $898,475,381, giving them a final increase in their fund balance of $7,716,285. The NCAA also reported having assets that total $928,316,385 and liabilities that totaled $209,891,757, leaving them with $718,424,628 in net assets. Given that the NCAA is considered a non-profit, it is intriguing that they made almost a billion dollars in 2013.
ACTG 470 Accounting for Non-Profit Organizations
Stacey Lewis
P103
10 AM – noon