Arkansas State’s success on the field in football has been joined by success financially as well.
As noted in a recent Arkansas Democrat-Gazette article, AState has experienced nearly a $5 million increase in donations since fiscal year 2013 and increased revenue from parking and programs by nearly $1 million, while royalties and licensing also increased more than a million dollars.
USA Today compiles financial data on all Division I schools, of the schools responding to the request for data, 55 are current FBS members that are part of the so-called Group of Five (G5) and data was also submitted by incoming Sun Belt member Coastal Carolina.
Out of the 56 schools that are currently G5 or joining the G5, Arkansas State took fewer dollars in institutional support than all but 12 schools and received the 18th lowest percentage of its athletic revenue from institutional support. Institutional support is any money received from the state, the university or fees assessed to students.
Arkansas State received just over $14 million in institutional support. Louisiana-Monroe, one of two schools to report an athletic budget below $20 million, received the fewest dollars of institutional support at $4.9 million. Only four of the reporting G5 schools received less than $10 million in institutional support and were among the 8 smallest budgets in the G5. (Louisiana Lafayette $8.2 million on a budget of $23.5 million, Southern Miss $8.7 million on a budget of $24 million, Louisiana Tech $9.7 million on a budget of $22.2 million). Six G5 schools received $25 million or more in institutional support.
AState received 48.06% of the athletic budget from institutional sources. New Mexico of the Mountain West led the way with 26.56%, followed by Boise State at 28.34% and Army at 29.84%. Coastal Carolina had the greatest percentage of budget coming from institutional sources at 83.14% followed by CUSA member FIU at 82.55% and MAC member Eastern Michigan at 80.43%.
In total dollars generated by the athletic department from sources other than institutional support, AState was 21st at just under $15.2 million. UConn led at $44 million followed by Boise State at $31.4 million, Coastal Carolina and FIU were at the bottom, just under $5 million.
AState Athletic Director Terry Mohajir is pleased with the progress but not satisfied.
“It takes an entire university to build a program from the Board of Trustees, to the president, chancellor, all the way down to the people out making sales.”
Mohajir attributes the success to the entire community, “Our fans and alumni, and corporate partners are committed to the success of Arkansas State
Subscribers a full chart of G5 program revenue is available here.