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Education : Scholarship and Financial Support

Razorback Foundation

Support the athletic endeavors of the University of Arkansas Razorbacks

four stars

92.01

1295 South Razorback Road Suite A
Fayetville, AR 72701
tel: (877) 436-0013   Web Site
EIN: 71-0540644

CEO
Scott Varady
Executive Director and General Counsel

  Score
(out of 100)
Rating
Overall Score & Rating 92.01 four stars
  Financial 97.47 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

The stated mission of the Razorback Foundation Inc. is to support the athletic endeavors of the University of Arkansas Razorbacks. The foundation assists our student-athletes by providing for scholarships, facilities and various programs that enable them to realize their dreams of achieving a quality college education while participating in athletics on a nationally-competitive level. The Razorback Foundation, partners with Razorback Athletics in providing support to more than 460 student-athletes in the classroom and in competition. Through contributions from members, our nonprofit organization provides scholarships, financial support for facility enhancements and other programs designed to elevate student-athletes and Arkansas athletics - all while advancing the mission of the University of Arkansas.

The stated mission of the Razorback Foundation Inc. is to support the athletic endeavors of the University of Arkansas Razorbacks. The foundation assists our student-athletes by providing for scholarships, facilities and various programs that enable them to realize their dreams of achieving a quality college education while participating in athletics on a nationally-competitive level. The Razorback Foundation, partners with Razorback Athletics in providing support to more than 460 student-athletes in the classroom and in competition. Through contributions from members, our nonprofit organization provides scholarships, financial support for facility enhancements and other programs designed to elevate student-athletes and Arkansas athletics - all while advancing the mission of the University of Arkansas.

Impact Information

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Financial

four stars

97.47

Accountability & Transparency

three stars

89.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.9%
  Administrative Expenses 7.8%
  Fundraising Expenses 7.1%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 1.39
  Program Expenses Growth 18.1%
  Liabilities to Assets 15.6%
All data for Financial Performance Metrics calculations was provided by Razorback Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Razorback Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Razorback Foundation (AR) 92.01 four stars
Georgia Southern University Athletic Foundation (GA) 85.44 three stars
Old Dominion Athletic Foundation (VA) 89.07 three stars
ASU Foundation (AZ) 95.99 four stars
Oregon Health & Science University Foundation (OR) 91.97 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $28,135,776
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $28,135,776
   Program Service Revenue $0
Total Primary Revenue $28,135,776
   Other Revenue $810,765
TOTAL REVENUE $28,946,541
   
EXPENSES  
   Program Expenses $46,202,369
   Administrative Expenses $3,468,015
   Fundraising Expenses $2,778,646
TOTAL FUNCTIONAL EXPENSES $52,449,030
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-23,502,489
   
Net Assets $56,221,522

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Support to Athletic Department $46,202,369 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 92.01 four stars
2017-06 12/01/2018 89.38 three stars
2016-06 02/01/2018 85.95 three stars
2015-06 12/01/2016 86.54 three stars
2014-06 06/01/2016 86.12 three stars
 
CN 2.0
2014-06 11/01/2015 84.22 three stars
2013-06 12/01/2014 75.06 two stars
2012-06 02/01/2014 72.64 two stars
2011-06 07/01/2013 76.12 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 71-0540644
Name in IRS Master File RAZORBACK FOUNDATION INC
NTEE Code B11
NTEE Classification Single Organization Support
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which operates for benefit of college or university and is owned or operated by a governmental unit 170(b)(1)(A)(iv)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1982
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$251,731 0.47% Scott Varady Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Razorback Foundation (AR) 92.01 four stars
The Alumni Association of the University of Virginia (VA) 92.35 four stars
ASU Foundation (AZ) 95.99 four stars
Oregon Health & Science University Foundation (OR) 91.97 four stars
Panhellenic Scholarship Foundation (IL) 86.42 three stars

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Charity Contact Info

Razorback Foundation
1295 South Razorback Road
Suite A
Fayetville, AR 72701
tel: (877) 436-0013
fax: (479) 443-9527
EIN: 71-0540644

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CEO

Scott Varady
Executive Director and General Counsel

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