TY 2023 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) David E Shipley...................................................................... Sec / Faculty Athletics Rep	2.0 ................. 50.0	X	X	306,219	47,620
(2) Jack Hu...................................................................... Vice Chairman	2.0 ................. 50.0	X	X	511,062	49,422
(3) Jere W Morehead...................................................................... Chairman	2.0 ................. 50.0	X	X	697,360	318,623
(4) Ryan A Nesbit...................................................................... Treasurer	2.0 ................. 50.0	X	X	348,994	104,569
(5) Audrey A Haynes...................................................................... Appointed Faculty	1.0 ................. 40.0	X		126,719	53,701
(6) Cade C Joiner...................................................................... Alumni	1.0 ................. 0.0	X		0	0
(7) Esra Santesso...................................................................... Elected Faculty	1.0 ................. 40.0	X		93,508	36,527
(8) J Marshall Shepherd...................................................................... Appointed Faculty	1.0 ................. 40.0	X		294,185	52,265
(9) Janet Westpheling...................................................................... Elected Faculty	1.0 ................. 40.0	X		155,331	23,576
(10) Jean Martin-Williams...................................................................... Elected Faculty	1.0 ................. 40.0	X		197,400	49,055
(11) Jon C Stinchcomb...................................................................... Alumni	1.0 ................. 0.0	X		0	0
(12) Kessel Stelling...................................................................... Alumni	1.0 ................. 0.0	X		0	0
(13) Leah C Brown...................................................................... Alumni	1.0 ................. 0.0	X		0	0
(14) Lee Zell...................................................................... Alumni Association President	1.0 ................. 0.0	X		0	0
(15) Lisa G Wood...................................................................... Alumni	1.0 ................. 0.0	X		0	0
(16) Parker Duncan...................................................................... Student	1.0 ................. 0.0	X		0	0
(17) Patrick D Jones Jr...................................................................... Alumni	1.0 ................. 0.0	X		0	0

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(F) Estimated amount of other compensation from the organization and related organizations
(18) Ron R Walcott........................................................................ Appointed Faculty	1.0 .......................40.0	X				0	289,967	76,128
(19) Samuel D Holmes........................................................................ Alumni	1.0 .......................0.0	X				0	0	0
(20) Darrice Griffin........................................................................ Deputy Director of Athletics	50.0 .......................0.0		X			0	362,085	39,443
(21) Joshua Brooks........................................................................ Athletic Director	50.0 .......................0.0		X			75,000	863,929	94,709
(22) Kay N Abrahamson-Henderson........................................................................ Head Women's Basketball Coach	50.0 .......................0.0		X			704,168	320,627	54,997
(23) Kirby P Smart........................................................................ Head Football Coach	50.0 .......................0.0		X			10,675,000	706,375	57,722
(24) Michael White........................................................................ Head Men's Basketball Coach	50.0 .......................0.0		X			3,066,664	455,639	57,677
(25) Scott Stricklin........................................................................ Head Baseball Coach	50.0 .......................0.0		X			328,393	134,628	49,796
(26) Stephanie Y Ransom........................................................................ Deputy Director of Athletics	50.0 .......................0.0		X			0	277,153	77,835
(27) Antonio D McGee........................................................................ Assistant Football Coach	50.0 .......................0.0			X		655,392	394,272	88,080
(28) Bryan E McClendon........................................................................ Assistant Football Coach	50.0 .......................0.0			X		775,033	343,984	59,267
(29) Glenn Schumann........................................................................ Assistant Football Coach	50.0 .......................0.0			X		1,531,829	408,461	57,677
(30) Travion Scott........................................................................ Assistant Football Coach	50.0 .......................0.0			X		768,074	371,074	63,538
(31) William L Muschamp........................................................................ Assistant Football Coach	50.0 .......................0.0			X		635,200	414,263	57,677
(32) Libby S Morris........................................................................ Former Vice Chairman	0.0 .......................0.0				X	0	275,533	18,744
(33) Thomas Crean........................................................................ Former Head Men's Basketball Coach	0.0 .......................0.0				X	1,536,000	0	0

(A) Name and business address	(B) Description of services	(C) Compensation
New South Construction Company LLC 1180 West Peachtree St Suite 700 Atlanta,GA30309	Construction Svcs	15,711,867
RW Allen Contruction LLC 1865 W Broad Street Suite A Athens,GA30606	Construction Svcs	4,889,307
Aircraft Charter Management Experts LLC 635 Hanger Lane Box 14 Nashville,TN37217	Transportation Svcs	2,530,575
Wheels Up Partners LLC 601 West 26th Street Suite 900 New York,NY10001	Transportation Svcs	2,200,000
Goodwyn Mills Cawood LLC PO Box 242128 Montgomery,AL36124	Construction Svcs	1,317,489
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 20

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

University of Georgia Athletic Assn Inc

Employer identification number

58-0652518

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2023

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	62,602,156	47,291,133	72,250,633	75,714,731	102,399,736	360,258,389
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	62,602,156	47,291,133	72,250,633	75,714,731	102,399,736	360,258,389
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..						0
6	Public support. Subtract line 5 from line 4.						360,258,389

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
7	Amounts from line 4..	62,602,156	47,291,133	72,250,633	75,714,731	102,399,736	360,258,389
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	555,135	64,452	23,105	499,906	2,117,228	3,259,826
9	Net income from unrelated business activities, whether or not the business is regularly carried on..						0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	9,734,920	8,263,145	17,722,599	18,674,702	19,779,016	74,174,382
11	Total support. Add lines 7 through 10						437,692,597

Gross receipts from related activities, etc. (see instructions) ..................

550,769,280

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2023 (line 6, column (f) divided by line 11, column (f)) .........

82.31 %

Public support percentage for 2022 Schedule A, Part II, line 14 ...............

82.54 %

16a

33 1/3% support test—2023. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2022. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2023

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2023 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2022 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2023 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2022 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2023. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2022. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2023

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2023

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2023

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2023

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2023 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2023	(iii) Distributable Amount for 2023
1 Distributable amount for 2023 from Section C, line 6
2 Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2023:
a From 2018.......
b From 2019.......
c From 2020.......
d From 2021.......
e From 2022.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2023 distributable amount
i Carryover from 2018 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2023 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2023 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2024. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2019.....
b Excess from 2020.....
c Excess from 2021.....
d Excess from 2022.....
e Excess from 2023.....

Schedule A (Form 990) (2023)

Schedule A (Form 990) 2023

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
Schedule A, Part II, Line 10 Other Income	DESCRIPTION - LICENSING, COLUMN A - 5942226.0, COLUMN B - 4970834.0, COLUMN C - 11362748.0, COLUMN D - 12624209.0, COLUMN E - 13078877.0, COLUMN F - 47978894.0; DESCRIPTION - PRODUCT ENDORSEMENTS, COLUMN A - 1404615.0, COLUMN B - 1402115.0, COLUMN C - 1569616.0, COLUMN D - 1589615.0, COLUMN E - 1352692.0, COLUMN F - 7318653.0; DESCRIPTION - POSTAGE AND HANDLING, COLUMN A - 800593.0, COLUMN B - 87370.0, COLUMN C - 216750.0, COLUMN D - 776741.0, COLUMN E - 837627.0, COLUMN F - 2719081.0; DESCRIPTION - OTHER INCOME, COLUMN A - 1587486.0, COLUMN B - 1802826.0, COLUMN C - 4573485.0, COLUMN D - 3684137.0, COLUMN E - 4509820.0, COLUMN F - 16157754.0;

Return Reference

Explanation

Schedule A, Part II, Line 10 Other Income

DESCRIPTION - LICENSING, COLUMN A - 5942226.0, COLUMN B - 4970834.0, COLUMN C - 11362748.0, COLUMN D - 12624209.0, COLUMN E - 13078877.0, COLUMN F - 47978894.0; DESCRIPTION - PRODUCT ENDORSEMENTS, COLUMN A - 1404615.0, COLUMN B - 1402115.0, COLUMN C - 1569616.0, COLUMN D - 1589615.0, COLUMN E - 1352692.0, COLUMN F - 7318653.0; DESCRIPTION - POSTAGE AND HANDLING, COLUMN A - 800593.0, COLUMN B - 87370.0, COLUMN C - 216750.0, COLUMN D - 776741.0, COLUMN E - 837627.0, COLUMN F - 2719081.0; DESCRIPTION - OTHER INCOME, COLUMN A - 1587486.0, COLUMN B - 1802826.0, COLUMN C - 4573485.0, COLUMN D - 3684137.0, COLUMN E - 4509820.0, COLUMN F - 16157754.0;

Schedule A (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Name of the organization

University of Georgia Athletic Assn Inc

Employer identification number

58-0652518

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2023)

Schedule B (Form 990) (2023) Page 2

Name of organization University of Georgia Athletic Assn Inc

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Schedule B (Form 990) (2023)

Page 3

Name of organization University of Georgia Athletic Assn Inc		Employer identification number 58-0652518

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)

Schedule B (Form 990) (2023)

Page 4


Name of organization University of Georgia Athletic Assn Inc			Employer identification number 58-0652518
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2023)

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow

Attach to Form 990.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

University of Georgia Athletic Assn Inc

Employer identification number

58-0652518

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2022

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

Permanent endowment right arrow

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....	497,161,913	154,489,216	342,672,697
c	Leasehold improvements
d	Equipment ....	15,349,419	8,961,945	6,387,474
e	Other .....	168,280,767	26,214,151	142,066,616
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				491,126,787

Schedule D (Form 990) 2022

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1)Pooled Investment with UGA Fund				52,637,642
(2)Annuities
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				52,637,642

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
Deferred Compensation Payable
Lease Obligations	895,563
Subscription Obligations	1,837,382






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	2,732,945
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2022

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	246,670,720
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	5,098,135
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d	0
e	Add lines 2a through 2d .....................			2e	5,098,135
3	Subtract line 2e from line 1..................			3	241,572,585
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	0
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	241,572,585

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	207,364,511
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d	0
e	Add lines 2a through 2d....................			2e	0
3	Subtract line 2e from line 1...................			3	207,364,511
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b	0
c	Add lines 4a and 4b.....................			4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	207,364,511

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
Schedule D, Part XI, Line 1 Reconciliation of Revenues	AFS Operating Revenues $188,101,836 Nonoperating Contributions $ 51,679,848 Investment Income $ 7,215,363 Gain/Loss on Disposal $ (326,327) ------------------- Total $246,670,720
Schedule D, Part XII, Line 1 Reconciliation of Expenses	AFS Operating Expenses $ 198,037,507 Non Operating to UGA Foundation $ 4,500,000 Interest, Financing $ 4,827,004 -------------------- Total $207,364,511

Schedule D (Form 990) 2022

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization
University of Georgia Athletic Assn Inc

Employer identification number
58-0652518

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1) University of Georgia Foundation 394 S Milledge Ave Athens,GA30602	58-6033837	501(c)3	4,500,000				(See Statement)

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2023

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) Men's Baseball Scholarships	31	533,557
(2) Men's Basketball Scholarships	13	533,557
(3) Men's Football Scholarships	112	3,761,249
(4) Men's Golf Scholarships	9	179,286
(5) Men's Swimming Scholarships	28	413,476
(6) Men's Tennis Scholarships	9	235,991
(7) Men's Track Scholarships	26	592,412
(8) Women's Basketball Scholarships	13	553,902
(9) Women's Equestrian Scholarhsip	53	746,876
(10) Women's Golf Scholarships	10	304,906
(11) Women's Gymnastics Scholarships	16	794,158
(12) Women's Soccer Scholarships	40	711,978
(13) Women's Softball Scholarships	24	403,730
(14) Women's Swimming Scholarships	27	728,139
(15) Women's Tennis Scholarships	8	385,916
(16) Women's Track Scholarships	31	893,482
(17) Women's Volleyball Scholarships	15	655,912

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

Schedule I, Part II, Line 1(h) PURPOSE OF GRANT OR ASSISTANCE

UNIVERSITY OF GEORGIA FOUNDATION SUPPORT FOR VARIOUS SCHOLARSHIPS

Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.

UGA Athletic Association exclusively provides contributions to the UGA Foundation. Following NCAA Rules and Regulations, Individual coaches determine how much scholarship they wish to award to a student. The information is forwarded to the assistant athletic director for academics and eligibility, who in turn issues scholarship papers (signing papers) to the student. The student signs to accept the award. Reports are created and sent to the University of Georgia financial aid office to have the scholarship put on the student's award letter. Information is also sent to the bursar's office with specifics of which student gets what amount of money deferred by athletics. The bursar's office bills the University of Georgia Athletic Association for the deferments (for tuition, room and meals on campus). The University of Georgia Athletic Association also issues checks directly to students if they live off campus and receive scholarships for room and meals. Book scholarships are provided by having the athletic counselor give a charge slip to the student which lists the books they are allowed to purchase at the University of Georgia bookstore. The University of Georgia Athletic Association receives a monthly bill from the University of Georgia bookstore to pay for these charges. The counselors only issue book forms to students whose names appear on the scholarship book list provided by the assistant athletic director each semester.

Schedule I (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

University of Georgia Athletic Assn Inc

Employer identification number

58-0652518

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2023

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Libby S Morris Former Vice Chairman	(i) (ii)	0 ------------- 275,083	0 ------------- 0	0 ------------- 450	0 ------------- 0	0 ------------- 18,744	0 ------------- 294,277	0 ------------- 0
2Jere W Morehead Chairman	(i) (ii)	0 ------------- 666,525	0 ------------- 0	0 ------------- 30,835	0 ------------- 309,592	0 ------------- 9,031	0 ------------- 1,015,983	0 ------------- 0
3Jack Hu Vice Chairman	(i) (ii)	0 ------------- 510,797	0 ------------- 0	0 ------------- 265	0 ------------- 30,492	0 ------------- 18,930	0 ------------- 560,484	0 ------------- 0
4David E Shipley Sec / Faculty Athletics Rep	(i) (ii)	0 ------------- 305,675	0 ------------- 0	0 ------------- 544	0 ------------- 29,056	0 ------------- 18,564	0 ------------- 353,839	0 ------------- 0
5Ryan A Nesbit Treasurer	(i) (ii)	0 ------------- 346,346	0 ------------- 0	0 ------------- 2,648	0 ------------- 71,900	0 ------------- 32,669	0 ------------- 453,563	0 ------------- 0
6Ron R Walcott Appointed Faculty	(i) (ii)	0 ------------- 289,873	0 ------------- 0	0 ------------- 94	0 ------------- 59,112	0 ------------- 17,016	0 ------------- 366,095	0 ------------- 0
7Audrey A Haynes Appointed Faculty	(i) (ii)	0 ------------- 126,719	0 ------------- 0	0 ------------- 0	0 ------------- 26,760	0 ------------- 26,941	0 ------------- 180,420	0 ------------- 0
8J Marshall Shepherd Appointed Faculty	(i) (ii)	0 ------------- 294,185	0 ------------- 0	0 ------------- 0	0 ------------- 26,510	0 ------------- 25,755	0 ------------- 346,450	0 ------------- 0
9Jean Martin-Williams Elected Faculty	(i) (ii)	0 ------------- 174,900	0 ------------- 0	0 ------------- 22,500	0 ------------- 19,264	0 ------------- 29,791	0 ------------- 246,455	0 ------------- 0
10Janet Westpheling Elected Faculty	(i) (ii)	0 ------------- 155,052	0 ------------- 0	0 ------------- 279	0 ------------- 14,545	0 ------------- 9,031	0 ------------- 178,907	0 ------------- 0
11Thomas Crean Former Head Men's Basketball Coach	(i) (ii)	0 ------------- 0	1,536,000 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	1,536,000 ------------- 0	0 ------------- 0
12Joshua Brooks Athletic Director	(i) (ii)	0 ------------- 842,620	75,000 ------------- 0	0 ------------- 21,309	0 ------------- 65,934	0 ------------- 28,775	75,000 ------------- 958,638	0 ------------- 0
13Darrice Griffin Deputy Director of Athletics	(i) (ii)	0 ------------- 353,112	0 ------------- 0	0 ------------- 8,973	0 ------------- 29,871	0 ------------- 9,572	0 ------------- 401,528	0 ------------- 0
14Stephanie Y Ransom Deputy Director of Athletics	(i) (ii)	0 ------------- 268,350	0 ------------- 0	0 ------------- 8,803	0 ------------- 50,236	0 ------------- 27,599	0 ------------- 354,988	0 ------------- 0
15Kirby P Smart Head Football Coach	(i) (ii)	0 ------------- 593,405	10,675,000 ------------- 0	0 ------------- 112,970	0 ------------- 30,492	0 ------------- 27,230	10,675,000 ------------- 764,097	0 ------------- 0
16Scott Stricklin Head Baseball Coach	(i) (ii)	0 ------------- 118,265	328,393 ------------- 0	0 ------------- 16,363	0 ------------- 28,007	0 ------------- 21,789	328,393 ------------- 184,424	0 ------------- 0
17Michael White Head Men's Basketball Coach	(i) (ii)	0 ------------- 374,760	3,066,664 ------------- 0	0 ------------- 80,879	0 ------------- 30,492	0 ------------- 27,185	3,066,664 ------------- 513,316	0 ------------- 0
18Kay N Abrahamson-Henderson Head Women's Basketball Coach	(i) (ii)	0 ------------- 292,260	704,168 ------------- 0	0 ------------- 28,367	0 ------------- 27,812	0 ------------- 27,185	704,168 ------------- 375,624	0 ------------- 0
19Antonio D McGee Assistant Football Coach	(i) (ii)	0 ------------- 372,984	655,392 ------------- 0	0 ------------- 21,288	0 ------------- 61,139	0 ------------- 26,941	655,392 ------------- 482,352	0 ------------- 0
20Glenn Schumann Assistant Football Coach	(i) (ii)	0 ------------- 369,740	1,531,829 ------------- 0	0 ------------- 38,721	0 ------------- 30,492	0 ------------- 27,185	1,531,829 ------------- 466,138	0 ------------- 0
21Bryan E McClendon Assistant Football Coach	(i) (ii)	0 ------------- 300,985	775,033 ------------- 0	0 ------------- 42,999	0 ------------- 30,492	0 ------------- 28,775	775,033 ------------- 403,251	0 ------------- 0
22Travion Scott Assistant Football Coach	(i) (ii)	0 ------------- 325,240	768,074 ------------- 0	0 ------------- 45,834	0 ------------- 36,353	0 ------------- 27,185	768,074 ------------- 434,612	0 ------------- 0
23William L Muschamp Assistant Football Coach	(i) (ii)	0 ------------- 387,740	635,200 ------------- 0	0 ------------- 26,523	0 ------------- 30,492	0 ------------- 27,185	635,200 ------------- 471,940	0 ------------- 0

Schedule J (Form 990) 2023

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
Schedule J, Part I, Line 1a First-class or charter travel	Officers and key employees fly first class only through free upgrades. The University of Georgia Athletic Association utilizes a charter plane for business purposes. If the plane is at least filled 50% with occupants traveling for a bona fide business purpose, these individuals are allowed to fill open seats.
Schedule J, Part I, Line 1a Travel for companions	Officers and key employees may bring associates or family members on a chartered flight if seats are available and the plane is used at least 50% for business purposes. In this case, companions may fill open seats. If the plane is not used at least 50% for business purposes, then the value of the flight for the companions is calculated and reported as taxable compensation on the employee's W-2.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	Officers and key employees pay for social club monthly dues. The University of Georgia Athletic Association reimburses them 50% of the monthly cost without substantiation. The reimbursement is taxable compensation reported on form W-2.
Schedule J, Part I, Line 4a Severance or change-of-control payment	Thomas Crean, former head basketball coach was paid a severance payment of $1,536,000 per his contract.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	The compensation reported in Schedule J, Part II, Column C includes deferred compensation of $267,576 paid by the University of Georgia during 2023 as part of a supplemental nonqualified retirement plan for Jere W. Morehead. For fiscal year 2024, the University System of Georgia Board of Regents approved an annualized $280,245 contribution made by the University of Georgia on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents' policy.
Schedule J, Part I, Line 3 Chairman Compensation	The chairman of the University of Georgia Athletic Association is paid directly by the University of Georgia for his role as the president of the University of Georgia. The University System of Georgia Board of Regents establishes the president's annual compensation through the use of a written employment contract, compensation survey or study, and the approval by the board or compensation committee.

Schedule J (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization
University of Georgia Athletic Assn Inc

Employer identification number
58-0652518

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	Dvlpmnt Auth of Govt of Athens-Clarke Cty Georgia	58-2613761	047059GT1	10-12-2016	61,039,473	Refinance all 8/28/03 bonds and portion of 4/21/11 bonds with lower rate bonds.		X		X		X
B	DVLPMNT AUTH OF GOVT OF ATHENS-CLARKE CTY GEORGIA	58-2613761	047059KC3	05-25-2023	68,737,087	REFINANCE 8/25/2005 BONDS, CAPITAL IMPROVEMENTS TO SANFORD STADIUM		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	17,975,000		1,165,000
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	61,039,473		69,912,120
4 Gross proceeds in reserve funds .............
5 Capitalized interest from proceeds .............			1,881,475
6 Proceeds in refunding escrows ...............
7 Issuance costs from proceeds ...............	613,943		707,815
8 Credit enhancement from proceeds .............
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............			46,804,768
11 Other spent proceeds .............	60,425,530		17,976,869
12 Other unspent proceeds .............			2,541,193
13 Year of substantial completion .............	2012		2024
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2020, a current refunding issue)? ........	X		X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........	X			X
16 Has the final allocation of proceeds been made? ..........	X			X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2023

Page 2

Part Ⅲ

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............		X		X
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X			X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X
c Are there any research agreements that may result in private business use of bond-financed property? .............		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	1.08 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........
6 Total of lines 4 and 5 .............	1.08 %		0 %
7 Does the bond issue meet the private security or payment test? ...		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X	X
b Exception to rebate? ........		X	X
c No rebate due? .........	X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....		X		X

Schedule K (Form 990) 2023

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X		X
b Name of provider ..........
c Term of hedge .........
d Was the hedge superintegrated? ......
e Was the hedge terminated? ........
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X		X
b Name of provider ..........
c Term of GIC .........
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........
6 Were any gross proceeds invested beyond an available temporary period?		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X		X

Part Ⅴ

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation
Schedule K, Part V Bond Policies	Tax exempt bond policies are in place. Arbitrage and rebate calculations are performed by a hired firm.
Schedule K, Part II, Line 3 Column B	The difference between the Total Proceeds of issue and the issue price is due to investment earnings of $1,175,033
Schedule K, Part IV, Line 2c COLUMN A	Issuer name: Dvlpmnt Auth of Govt of Athens-Clarke Cty, Georgia The calculation for computing no rebate due was performed on 10/01/2021

Schedule K (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

University of Georgia Athletic Assn Inc

Employer identification number

58-0652518

Return Reference	Explanation
Form 990, Part I, Line 6 Volunteers	The University of Georgia Athletic Association has volunteer coaches for some of its teams and volunteer workers in various departments. Nine Board members also serve as volunteers.
Form 990, Part III, Line 4d Description of other program services	(Expenses $ 85,717,309 including grants of $ 12,079,819)(Revenue $ 101,885,462) Other college athletic sports, along with their associated revenue streams from contributions, SEC/NCAA distributions, media, licensing and student fees.
Form 990, Part V, Line 2a Form W-3	The University of Georgia Athletic Association has historically reported all Forms W-2 that it issues under its employer identification number and it continues to do so for purposes of transparency and consistency; however, the University of Georgia Athletic Association issues 77 Forms W-2 to individuals who perform services related to the University of Georgia's athletics programs and who are the common law employees of the University of Georgia, not University of Georgia Athletic Association . The University of Georgia Athletic Association issues Forms W-2 to such individuals because it controls and pays some or all of their wages through agreements between University of Georgia Athletic Association and the University of Georgia. Thus, the University of Georgia Athletic Association is a "statutory employer" under section 3401(d)(1) even though the recipients of such Forms W-2 are not the common law employees of the University of Georgia Athletic Association under section 3121(d).
Form 990, Part VI, Line 11b Review of form 990 by governing body	Form 990 is provided to board members prior to the filing deadline with sufficient lead-time to allow the board members to review it. The University of Georgia's controller reviews it before the draft form 990 is sent to the tax manager with an independent accounting firm for review and signature. The Managing Director with the independent accounting firm also attends the finance committee meeting to review the form 990 and answer questions.
Form 990, Part VI, Line 12c Conflict of interest policy	Primary monitoring of conflict of interest is done through the completion of a form by board members, officers, and key employees of the University of Georgia Athletic Association requesting disclosure of all related entities and transactions. Any conflicts noted are discussed and appropriate action taken. If a conflict is confirmed, a plan for alleviating or managing the conflict is implemented. Individuals with potential conflicts may be asked to recuse and absent themselves from meetings in which an alleged conflict is discussed if so doing would better assure the integrity of the process.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	The athletic director's salary is recommended by the president of the University of Georgia. The salary recommendation is then reviewed and approved by the board of directors. Salaries are routinely compared to national averages. The executive associate athletic directors' salaries are set by benchmarking in the market (compared in conference and nationally). Compensation for key employees is determined by comparing data or benchmarking both in the SEC and Nationally. Salaries are reviewed by the athletic director for final determination. Officers of the University of Georgia Athletic Association board of directors are employed by the University of Georgia and are compensated for the role performed for the University of Georgia Athletic Association by the University of Georgia. Salaries have routinely been compared to national averages.
Form 990, Part VI, Line 15b Process to establish compensation of other employees	See Form 990, Part VI, Line 15a summary.
Form 990, Part VI, Line 19 Required documents available to the public	The University of Georgia Athletic Association website advises interested parties that governing documents, conflict of interest policy, and financial statements are available to the public upon request.
Form 990, Part VII, Section A, Line 1a Officers, Trustees, Key Employees, and Highest Comp Employees	The University of Georgia Athletic Association provides financial support to the University of Georgia athletic programs. Through agreements with the University of Georgia, certain "athletics personnel" who are common law employees of the University of Georgia provide support to the University of Georgia Athletic Association. The University of Georgia Athletic Association has no employees of its own. The University of Georgia Athletic Association has no right to hire, fire or discipline athletics personnel. All athletics personnel are hired by the University and can be fired only by the University. In the case of certain senior athletics personnel, the University, the University of Georgia Athletic Association and the individual have entered into agreements whereby compensation is paid for their athletic program services directly by the University of Georgia Athletic Association under the terms agreed to by the parties. Thus, the University of Georgia Athletic Association controls payments of wages for individuals who are the common law employees of the University and the University of Georgia Athletic Association reports such wages as a "statutory employer" under the Internal Revenue Code requirements rather than as a common law employer of the individuals. In the interests of transparency and full disclosure, the University of Georgia Athletic Association reports information regarding key personnel in Part VII and Schedule J as if they were the employees of the Association. Such reporting is not intended to indicate that such individuals are common law employees of the University of Georgia Athletic Association. The University of Georgia retains all authority to hire and fire such individuals.
Form 990, Part VII, Section A, Line 1a Officers, Trustees, Key Employees, and Highest Comp Employees	Individuals who are the named officers of the University of Georgia Athletic Association are common law employees of the University of Georgia. As officers, they perform services solely to the University of Georgia; accordingly, the University of Georgia Athletic Association has concluded that the officers are not the common law employees of the University of Georgia Athletic Association consistent with Treas. Reg. §31.3121(d)-1(b), which provides that an officer of a corporation who as such does not perform any services or performs only minor services and who neither receives nor is entitled to receive, directly or indirectly, any remuneration is considered not to be an employee of the corporation.
Form 990, Part VIII, Line 2f Other Program Service Revenue	Other Program Service - Total Revenue: 2291300, Related or Exempt Function Revenue: 2291300, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue	All other revenue - Total Revenue: 4509820, Related or Exempt Function Revenue: 4509820, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

University of Georgia Athletic Assn Inc

Employer identification number

58-0652518

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)University of Georgia 456 East Broad Street Athens,GA30602 58-6001998	University	GA			NA		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2023

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No

Schedule R (Form 990) 2023

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) 2023

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2023

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v6.0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	75,714,731	102,399,736
9	Program service revenue (Part VIII, line 2g) .........	116,168,144	117,602,932
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	116,498	1,790,901
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	18,674,702	19,779,016
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	210,674,075	241,572,585
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	16,353,773	16,928,527
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	76,967,876	81,213,432
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 3,135,462
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	104,785,268	109,222,552
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	198,106,917	207,364,511
19	Revenue less expenses. Subtract line 18 from line 12.......	12,567,158	34,208,074
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	592,443,662	613,070,546
21	Total liabilities (Part X, line 26).............	199,452,368	180,773,043
22	Net assets or fund balances. Subtract line 21 from line 20.....	392,991,294	432,297,503

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 59,503,554 including grants of $ 3,761,249 ) (Revenue $ 33,797,520 )
	The football program with the University of Georgia Athletic Association enhances the academic endeavors of the University of Georgia by helping, through its success, to attract both promising students and the assistance of private philanthropy, and by providing direct financial support to the institution.

4b	(Code: ) (Expenses $ 9,840,925 including grants of $ 533,557 ) (Revenue $ 1,266,460 )
	The men's basketball program with the University of Georgia Athletic Association enhances the academic endeavors of the University of Georgia by helping, through its success, to attract both promising students and the assistance of private philanthropy, and by providing direct financial support to the institution.

4c	(Code: ) (Expenses $ 4,834,099 including grants of $ 553,902 ) (Revenue $ 106,179 )
	The women's basketball program with the University of Georgia Athletic Association enhances the academic endeavors of the University of Georgia by helping, through its success, to attract both promising students and the assistance of private philanthropy, and by providing direct financial support to the institution.

	(Code: ) (Expenses $ 85,717,309 including grants of $ 12,079,819 ) (Revenue $ 101,885,462 )
	Other college athletic sports, along with their associated revenue streams from contributions, SEC/NCAA distributions, media, licensing and student fees.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 85,717,309 including grants of $ 12,079,819 ) (Revenue $ 101,885,462 )
4e	Total program service expenses159,895,887

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	20,750,753	8,348,768	1,588,648

		Business Code
2a	Ticket Revenue	711211	35,870,787	35,870,787
b	NCAA/SEC Distribution	711211	53,476,382	53,476,382
c	Media Revenue	711211	14,294,161	14,294,161
d	Sky Suites	711211	7,949,528	7,949,528
e	Student Fees	711211	3,720,774	3,720,774
f	All other program service revenue.		2,291,300	2,291,300	0	0
g	Total. Add lines 2a–2f .....		117,602,932

1	Briefly describe the organization’s mission or most significant activities: To offer nationally competitive intercollegiate athletic programs which reflect the interest of our students, faculty, the Southeastern Conference, and the people of Georgia.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	19
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	77
6	Total number of volunteers (estimate if necessary) .............	6	175
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	102,399,736

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		102,399,736

3 Investment income (including dividends, interest, and othersimilar amounts) ......			982,104			982,104
4 Income from investment of tax-exempt bond proceeds			1,135,124			1,135,124
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c	0	0
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a		21,400
b	Less: cost or other basis and sales expenses	7b		347,727
c	Gain or (loss)	7c	0	-326,327
d	Net gain or (loss).........			-326,327	-326,327
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a	Licensing & Promotions		711211	13,078,877	13,078,877
b	Product Endorsements		711211	1,352,692	1,352,692
c	Postage & Handling		900099	837,627	837,627
d	All other revenue ....			4,509,820	4,509,820	0	0
e	Total. Add lines 11a–11d ......			19,779,016
12	Total revenue. See instructions.....			241,572,585	137,055,621	0	2,117,228

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	4,500,000	4,500,000
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	12,428,527	12,428,527
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	14,849,225	14,849,225
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	54,271,755	43,413,187	9,475,247	1,383,321
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	5,062,229	3,564,429	1,324,908	172,892
9	Other employee benefits .......	3,561,213	2,507,529	932,056	121,628
10	Payroll taxes ...........	3,469,010	2,442,608	907,924	118,478
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	512,120		512,120
c	Accounting ...........	170,867		170,867
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	477,187	394,887	82,300	0
12	Advertising and promotion ....	2,010,415	2,010,415
13	Office expenses .......	5,954,600	3,068,823	2,671,413	214,364
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	3,770,715		3,770,715
17	Travel ............	13,005,122	11,400,334	1,502,818	101,970
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	4,827,004		4,827,004
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	14,927,613	14,927,613
23	Insurance ...	2,329,437	306,060	2,023,377
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	GAME AND MEET EXPENSE	18,096,045	18,096,045
b	REPAIR AND MAINTENANCE	17,829,371	3,207,680	14,621,691
c	RECRUITING	6,563,268	6,563,268
d	STUDENT SUPPORT	5,470,581	4,648,983	821,598
e	All other expenses	13,278,207	11,566,274	689,124	1,022,809
25	Total functional expenses. Add lines 1 through 24e	207,364,511	159,895,887	44,333,162	3,135,462
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			44,289,018	1	2,545,692
2	Savings and temporary cash investments .........			64,200,238	2	57,624,656
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			5,875,591	4	5,400,228
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			1,903,101	9	979,573
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	680,792,099
b	Less: accumulated depreciation	10b	189,665,312	419,515,468	10c	491,126,787
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			0	12
13	Investments—program-related. See Part IV, line 11 ..			0	13
14	Intangible assets ...............			2,560,536	14	2,755,968
15	Other assets. See Part IV, line 11 ...........			54,099,710	15	52,637,642
16	Total assets. Add lines 1 through 15 (must equal line 33)...			592,443,662	16	613,070,546

17	Accounts payable and accrued expenses .....	33,771,435	17	35,853,631
18	Grants payable ...		18
19	Deferred revenue .........	36,487,244	19	33,734,058
20	Tax-exempt bond liabilities .........	114,056,009	20	108,451,409
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	12,501,000	23	1,000
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	2,636,680	25	2,732,945
26	Total liabilities. Add lines 17 through 25..	199,452,368	26	180,773,043

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	392,991,294	27	432,297,503
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	392,991,294	32	432,297,503
33	Total liabilities and net assets/fund balances ........	592,443,662	33	613,070,546