Sources of Revenues and Expenses for Sport Organizations Essay

Sources of Revenues and Expenses for Sport Organizations - Essay Example Other source of revenue that they have in common includes contributions from individuals, associations, corporations, foundations, or clubs. Being national organizations, the National Collegiate Athletic Association and the National Collegiate Table Tennis Association have grants from schools in the form of support from the university. Such school funds include both indirect and direct support from the university, for instance state funds and federal Work Study amounts for the athletes. In addition, it includes university-provided support, for instance, facility and grounds maintenance, administrative costs, security, utilities and risk management. The National Collegiate Athletic Association raises revenue from Game guarantees and game programs, National Collegiate Table Tennis Association from royalties while USA Triathlon Collegiate National Association from local media. Not-for-profit organizations like the National Collegiate Athletic Association and the National Collegiate Table Tennis Association also sells items for profit and ploughs it back into the organization. They also generated revenue in the form of sales of assets and inventory. In terms of expenses, all the three organizations pay salaries to their coaches and staffs, they have sponsorship programs, team expenses, purchase equipment and uniforms and general and administrative expenses. Sponsorship programs are sport-related aids. All of them contribute towards maintaining buildings, grounds and facilities (Masteralexis, 2014). In addition, they have medical expense/insurance in common for all of their stakeholders, coaching, staff and players. both the National Collegiate Athletic Association and the National Collegiate Table Tennis Association pays guarantees to other schools, pays game day and camp expenses and renders severance payments to their past staff and coaches. However, USA Triathlon Collegiate National Association has expenses such as incentive awards, essay