ACC's 2022 IRS 990 Forms
Unless I missed it, this hasn't been discussed.
If it has, I will delete it.
A TV station obtained the ACC’s tax forms for the 2022 fiscal year.
Here are the conference distributions per school, in descending order, for that form.
Pitt 41.3
Louisville 40.3
NC State 40.2
UNC 40.1
Clemson 39.7
BC 39.4
Wake 39.3
Miami 38.9
UVA 38.9
Duke 38.8
FSU 38.6
Syracuse 38.3
Georgia Tech 37.9
Notre Dame 17.4
** Edited by TerryD at 5/25/2023, 4:02:32 PM
Link:
2022 ACC IRS 990 Forms
21 Replies
W
WBGV
3y
It's hard to believe FSU is 3rd from the bottom in payout in the ACC, and Pitt & Louisville are on top. I realize that the difference is only a few million dollars, but this still probably added to the consternation coming out of Tallahassee.
(In response to this post by TerryD)
J
jmanatVT
3y
bowl tie-in. A news search shows they traveled despite withdrawing.
(In response to this post by TerryD)
J
jmanatVT
3y
for bowls and the championship game (travel, I think a portion of unsold tickets for bowls), etc.
Pitt 41.3 -- ACC CG travel to charlotte, Peach bowl travel to Atlanta
Louisville 40.3 -- Bowl travel to Texas
VT 40.3 -- Travel to NY (seems a little high, but maybe lodging in NYC makes up for distance)
NC State 40.2 -- Bowl travel to Florida
UNC 40.1 -- Bowl travel to Charlotte (Seems high, might include the previous season's January Orange bowl)
Clemson 39.7 -- Bowl travel to Orlando
BC 39.4 -- Bowl travel to Annapolis (game was cancelled, but they had already traveled)
Wake 39.3 -- ACC CG (basically no travel to Charlotte), Jacksonville (Seems low, game was on 12/31, maybe the expense shows up in the following year?)
Miami 38.9 -- Withdrew from bowl
UVA 38.9 -- Bowl Cancelled
Duke 38.8
FSU 38.6
Syracuse 38.3
Georgia Tech 37.9
Edit, updated UNC
** Edited by jmanatVT at 5/26/2023, 9:41:48 AM
** Edited by jmanatVT at 5/26/2023, 12:55:04 PM
(In response to this post by WBGV)
H
HOO86
3y
I'm not sure what's hard to believe about their payout.
(In response to this post by WBGV)
E
EDGEMAN
3y
They started sucking during Jimbo's last year, and are only now showing signs of life.
(In response to this post by HOO86)
2
2hhoop3
3y
As @HOO86 said below totals were out there but, the actual 990 was an interesting read.
(In response to this post by TerryD)
2
2hhoop3
3y
The 990 was an interesting read.
(In response to this post by LonghornHokie)
H
HOO86
3y
Thanks for the information. You left VA Tech off your list, but they are in the linked article at $40.4. Keep in mind this was a year that the ACC didn't get the Orange Bowl payment, and we only had Comcast for 1/2 the year. So this will increase the next tax return.
(In response to this post by TerryD)
J
jmanatVT
3y
Fenway (Can't find payout; UVA withdrew), Military Bowl (~$2M BC withdrew), Sun Bowl ($4M - Miami replaced), Holiday Bowl ($6.5M UCLA withdrew from playing NCST)
So, 4 out of 10 bowls weren't played; did that $12-15M still get paid? I'd guess not.
If that's the case the Orange Bowl's ~$28M + 12M + Fenway = 40M, that's $2.85M per school.
(In response to this post by HOO86)
H
HOO86
3y
The ACC did lose out on that money in 2021-2022 that the ACC otherwise would have been paid. So you can see the ACC creeping up to $50M per team revenue as we go forward.
(In response to this post by jmanatVT)