College lacrosse P&L
Posted by billhoward
College lacrosse P&L
Posted by: billhoward (---.hsd1.nj.comcast.net)
Date: May 27, 2014 01:08PM
Eben Novy-Williams, Bloomberg
The University of Notre Dame men’s lacrosse team had a $1.5 million loss last year [2013], highest in the country and more than triple the combined losses of the three other schools competing for the national title this weekend. ... the Fighting Irish spent $1.69 million and had $142,169 in revenue, the lowest in Division I, according to data submitted to the U.S. Department of Education. Virginia Military Institute, which hasn’t had a winning record since 2000, had the next-lowest revenue at $287,295.
Of the remaining [FF] teams, Denver is the only one to record a profit during the 2013 season, reporting revenue $1 higher than its $2.03 million in expenses. Duke, which also won the NCAA title in 2010, had a loss of $85,705, while Maryland’s loss was $376,773.
Denver brought in $2 million in revenue last year? Selling Bill Tierney bobbleheads? Source: [www.bloomberg.com]
Re: College lacrosse P&L
Posted by: Weder (---.public.wayport.net)
Date: May 27, 2014 02:58PM
I think schools are just creative when it comes to what they categorize as revenue.
Cornell, for instance, brings in exactly as much revenue as it needs to break even on athletics. Amazing!
[ope.ed.gov]
Cornell, for instance, brings in exactly as much revenue as it needs to break even on athletics. Amazing!
[ope.ed.gov]
Re: College lacrosse P&L
Posted by: Swampy (---.ri.ri.cox.net)
Date: May 30, 2014 10:43AM
Weder
I think schools are just creative when it comes to what they categorize as revenue.
Cornell, for instance, brings in exactly as much revenue as it needs to break even on athletics. Amazing!
[ope.ed.gov]
Well, the R&E expense summary shows net revenue for teams at about $874K and "not allocated" expenses of approx. $6.6M & revenues of $5.7M. Many accounting systems have catch-all categories that capture surpluses and deficits, so that totals always add up to zero. Maybe these unallocated categories play that role. Besides the net revenue from teams, we'd need to look more closely at the two categories to know if there are any profits there.
I'd also want to look inside some of the other categories. E.g., did the AD really need that recruiting trip to Monte Carlo?
Re: College lacrosse P&L
Posted by: TimV (---.nycap.res.rr.com)
Date: May 31, 2014 01:32AM
Cornell Athletics approaches the last month of the fiscal year, so the fundraising campaign is publishing reports to spur gifting. They include the sport-by-sport gifts in the spreadsheet here.
Men's lacrosse has usually exceeded its goal, but with one month to go they are barely over half, in spite of a season that greatly exceeded expectations. Is this an indication of a backlash at the handling of Ben DeLuca? Has anyone kept reports from prior years to compare?
Men's lacrosse has usually exceeded its goal, but with one month to go they are barely over half, in spite of a season that greatly exceeded expectations. Is this an indication of a backlash at the handling of Ben DeLuca? Has anyone kept reports from prior years to compare?
___________________________
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"Yo Paulie - I don't see no crowd gathering 'round you neither."
Re: College lacrosse P&L
Posted by: dag14 (---.twcny.res.rr.com)
Date: May 31, 2014 11:39AM
I don't have precise figures but a lot of major sports tend to lag at this point in the season and then make or exceed their goal in the last few days. That some sports are at or over 100% at this point in time is actually unusual.
Re: College lacrosse P&L
Posted by: phillysportsfan (---.hsd1.md.comcast.net)
Date: May 31, 2014 12:34PM
Here are the stats from last year as of June 4. Lacrosse was at 68%. Interesting that last year they were at the exact same percentage toward their goal of 73%
Strength and conditioning jumps out this year, already at 287%, $160K from only 5 people. It wasnt even a line item last year
Strength and conditioning jumps out this year, already at 287%, $160K from only 5 people. It wasnt even a line item last year
http://elf.elynah.com/read.php?7,187915SPORT ACTUAL GIFTS % OF GOAL PROGRAM SHORTFALL # of Benefactors FY13 FY12 Band $58,984 76% $18,781 385 441 Beautiful new band building! Additional support required- please help. Baseball $188,594 72% $73,223 139 183 Big gap with anonymous gift already counted. Basketball (men) $39,621 53% $35,379 91 143 Need much more participation and $36K. Let’s go! Basketball (women) $19,660 49% $20,340 73 94 Please support our hard-working women! Equestrian $23,203 36% $41,797 37 51 Fantastic new coach making immediate impact! Fencing $19,145 68% $8,855 93 123 World champion coach is outstanding! Team needs your support. Field Hockey $44,933 90% $5,067 74 103 Need 30 more gifts … outstanding recruiting class! Football $460,115 74% $159,885 399 471 Need 500 participants. Let’s support Coach Archer! Golf $34,230 82% $7,452 116 106 More gifts than 2012! Great job - $7500 to go. Gymnastics $34,108 80% $8,392 246 203 43 more gifts than 2012 … Fantastic! Great program – $8.5K to go. Ice Hockey (men) $150,091 89% $15,959 242 262 Great staff, great program! Finish it off! Ice Hockey (women) $25,662 34% $49,338 111 149 Top benefactor deceased – need support for this terrific coach & program! Lacrosse (men) $186,498 68% $88,502 308 357 Final 4 and nearly more – Let’s Go Red! Lacrosse (women) $68,614 106% $0 148 154 Goal achieved! Great job – thank you alumni and friends. Outdoor Education $121,596 81% $28,404 120 147 Amazing reputation for experiential learning – Cream of the crop! Polo $53,997 60% $35,691 109 101 Always challenging for national titles! Big gap – Let’s Go. Rowing $257,479 101% $0 594 606 Goal achieved – Congratulations! Rebuilding for 2013, ready to fly in 2014. Soccer (men) $61,471 77% $18,529 148 194 Ivy champs! Let’s hit 200 gifts – minimum. Mine is on the way! Soccer (women) $23,495 67% $11,505 106 101 More gifts than 2012 – just $11.5K away – support Coach Farmer! Softball $27,482 61% $17,518 150 143 New playing surface and great staff and program. Help us close the gap! Sprint Football $121,926 84% $22,981 273 346 Always faithful! Let’s hit 373 in gifts – Sprint cannot be stopped. Squash (M&W) $102,278 82% $22,722 142 171 Two top programs with terrific coaching staff-best in class. Swimming/Diving/MW $98,595 94% $6,405 155 195 Let’s hit 200 gifts and blow it out for Coach Loosch! Tennis (men) $61,208 39% $94,908 77 101 Great coach … 5 players at 4.0 or above – on the move! Tennis (women) $21,040 38% $33,960 72 84 Fantastic W-L turnaround. Great job, Mike! Let’s support our women. Track /CC (M&W) $126,857 63% $73,143 465 463 Awesome program – record number to upcoming NCAAS – Big Gap! Trainers $725 15% $4,275 4 6 Fantastic training staff led by Bernie! Unrestricted Gifts $307,380 61% $192,620 318 406 This fund covers “critical” needs otherwise unfunded – huge priority! Volleyball $28,298 71% $11,702 68 79 Outstanding new coaching staff – year #2 looks bright. Wrestling $211,524 94% $13,476 307 356 Never a doubt. Great staff & program – amazing alumni support! *TOTAL $2,957,759 73% $1,114,716 5570 6339
Edited 3 time(s). Last edit at 05/31/2014 12:38PM by phillysportsfan.
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