In fiscal year 2025, James Madison University's Golf program reported $95K in revenue and $1.5M in expenses, for a net deficit of $1.4M. Like most Group of Five Golf programs, James Madison University generates minimal direct revenue and is funded primarily through shared athletic department revenues. Among the 76 FBS programs reporting Golf data, James Madison University ranks 48th overall in total expenses (8th of 34 Group of Five programs) — below the FBS average of $2.0M. James Madison University competes in the Sun Belt; financial data is available from FY2010 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $89,417 |
| Direct Institutional Support | $4,563 |
| Royalties, Licensing, Advertisement and Sponsorships | $1,000 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $463,657 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $409,476 |
| Team Travel | $250,179 |
| Facilities Maintenance and Operations | $157,069 |
| Sports Equipment, Uniforms and Supplies | $64,022 |
| Other Operating Expenses | $52,347 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $48,221 |
| Fund Raising, Marketing and Promotion | $23,026 |
| Recruiting | $21,824 |
| Memberships and Dues | $12,385 |
| Student-Athlete Meals (non-travel) | $10,154 |
| Game Expenses | $8,024 |
| Direct Overhead and Administrative Expenses | $1,469 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $94,980 | $1,521,853 | -$1.4M |
| FY2024 | $32,922 | $1,325,743 | -$1.3M |
| FY2023 | $9,885 | $1,282,693 | -$1.3M |
| FY2022 | $120,768 | $1,337,860 | -$1.2M |
| FY2021 | $18,759 | $993,476 | -$975K |
| FY2020 | $12,439 | $1,212,208 | -$1.2M |
The golf program generated just $95K in revenue in FY2025, with $89K of that coming from contributions, leaving it with a $1.4M deficit against $1.5M in expenses. Athletic student aid represented the program's single largest cost at $464K, reflecting a meaningful scholarship commitment to the roster. Spending has climbed notably in recent years, rising from a consistent $1.3M range between FY2022 and FY2024 to $1.5M in FY2025, though the program still ranks 48th among 76 FBS programs in golf expenses and remains below the FBS average of $2.0M.
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