The Kennesaw State University Athletic Association Inc

Nonprofit profile at a glance

EIN
272508471
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2010
Location
Kennesaw, GA, USA
Phone
4705786284
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$11,890,765
Expenses
$11,734,876
Assets
$8,286,685
Liabilities
$5,384,757

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • KATHY SCHWAIG (DIRECTOR/PRESIDENT KSU)

Highest reported compensation

  • KATHY SCHWAIG (DIRECTOR/PRESIDENT KSU): $535,212 total reported compensation
  • BRIAN BOHANNON (HEAD COACH,FOOTBALL): $450,592 total reported compensation
  • ANTOINE PETTWAY (HEAD COACH, MEN'S BASKETBALL): $425,439 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nonprofit organization affiliated with kennesaw state university which fosters national and amateur sports competition.

What it reported doing in 2024

The ksuaa is responsible for the operations of 18 sports including: football, baseball, men's and women's cross country, men's and women's indoor and outdoor track and field, women's volleyball, softball, women's soccer, and women's lacrosse. The ksuaa is responsible for the functions of these teams related to team travel, game day operations, field maintenance, recruiting, apparel, equipment, scholarship and insurance to name a few of the major tasks. Certified athletics trainers perform sports medicine services for our athletes. The athletics trainers are healthcare professionals who collaborate with physicians to optimize activity and participation of patients and clients. Athletics training encompasses the prevention, diagnosis and intervention of emergency, acute and chronic medical conditions.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 35
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.9%; rating input score 74
  • Program expense ratio: 76.3%; rating input score 76
  • Fundraising efficiency: $5.26 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 76.2%; rating input score 76; 14th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.3%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: -5.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 73.9% of revenue deployed · 76.3% of spending went to programs
  • Governance: 16 of 21 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9M in reported program spending
  • Leadership: top reported pay $535K · 28 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.