Last Updated on June 5, 2014
Research by BusinessofCollegeSports.com Staff
A five-year snapshot of Penn State’s athletic department finances per filings with the Department of Education and IRS Form 990s.
It’s important to note that Department of Education filings do not always include all expenses. The 2010-2011 numbers include the information provided by Penn State regarding expenses not reported. Those notes are not available for previous years but the situation was likely similar in previous years.
2010-2011
Football
Revenue: $72,747,734
Expenses: $19,519,288
Net Revenue: $53,228,446
Athletic Department
Revenue: $116,118,026
Expenses: $84,498,339
Net Revenue: $31,619,687
*Note to Penn State’s report says: “As is referenced in the Caveat box in the Total Expenses section, Grand Total Expenses does not include $19,580,022 of debt service expense and $14,980,216 spent during the year on capital expenditures. Subsequent to addressing our debt service obligation, any remaining excess revenue is/will be used in funding current/future capital projects.”
2009-2010
Football
Revenue: $70,208,584
Expenses: $19,780,939
Net Revenue: $50,427,645
Athletic Department
Revenue: $106,614,724
Expenses: $80,260,637
Net Revenue: $26,354,087
Big Ten distribution: $20,039,504
2008-2009
Football
Revenue: $61,767,717
Expenses: $19,131,957
Net Revenue: $42,635,760
Athletic Department
Revenue: $95,978,243
Expenses: $76,499,957
Net Revenue: $19,478,286
Big Ten distribution: $19,172,047
2007-2008
Football
Revenue: $53,766,038
Expenses: $16,537,705
Net Revenue: $37,228,333
Athletic Department
Revenue: $91,570,233
Expenses: $79,275,354
Net Revenue: $12,294,879
Big Ten distribution: $18,785,520
2006-2007
Football
Revenue: $44,014,052
Expenses: $14,609,828
Net Revenue: $29,404,224
Athletic Department
Revenue: $76,327,504
Expenses: $76,327,504
Net Revenue: $4,353,456
Big Ten distribution: $14,010,190
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