Civic Intelligence

Great Lakes Valley Conference Inc

EIN 35-2046329 • 501(c)3 • Indianapolis, IN

Profile

Administration and promotion of ncaa division ii sports at 16 midwest universities that are member institutions.

201 S Capitol Ave Pan Am Plaza 5Indianapolis, IN 46225

www.glvcsports.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

60th percentile

0.14x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

31st percentile

-3.7%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

-1.2%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

37th percentile

0.8%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Assets

Down

$1,098,740

Down $42,093 (-3.7%) from 2022

Liabilities

Up

$212,135

Up $205,686 (+3189%) from 2022

Net Assets

Down

$886,605

Down $247,779 (-22%) from 2022

Revenue

Up

$1,523,355

Up $34,330 (+2.3%) from 2022

Expenses

Up

$1,579,806

Up $417,781 (+36%) from 2022

Net Income

Down

-$56,451

Down $383,451 (-117%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $520,836Liabilities 2012: $10,239Net Assets 2012: $510,5972012Assets 2013: $556,093Liabilities 2013: $14,348Net Assets 2013: $541,7452013Assets 2014: $689,529Liabilities 2014: $162,861Net Assets 2014: $526,6682014Assets 2015: $572,926Liabilities 2015: $37,735Net Assets 2015: $535,1912015Assets 2016: $548,298Liabilities 2016: $8,682Net Assets 2016: $539,6162016Assets 2017: $596,494Liabilities 2017: $47,950Net Assets 2017: $548,5442017Assets 2018: $731,034Liabilities 2018: $42,636Net Assets 2018: $688,3982018Assets 2020: $1,137,554Liabilities 2020: $116,296Net Assets 2020: $1,021,2582020Assets 2021: $987,701Liabilities 2021: $149,470Net Assets 2021: $838,2312021Assets 2022: $1,140,833Liabilities 2022: $6,449Net Assets 2022: $1,134,3842022Assets 2025: $1,098,740Liabilities 2025: $212,135Net Assets 2025: $886,6052025

Highlighted filing

2025

Assets$1,098,740
Liabilities$212,135
Net Assets$886,605

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $923,7572012Expenses 2013: $1,052,6052013Revenue 2014: $1,016,123Expenses 2014: $1,035,862Net Income 2014: -$19,7392014Revenue 2015: $1,007,609Expenses 2015: $997,356Net Income 2015: $10,2532015Revenue 2016: $980,033Expenses 2016: $974,581Net Income 2016: $5,4522016Revenue 2017: $1,062,545Expenses 2017: $1,055,532Net Income 2017: $7,0132017Revenue 2018: $1,207,841Expenses 2018: $1,072,999Net Income 2018: $134,8422018Revenue 2020: $1,346,213Expenses 2020: $1,016,230Net Income 2020: $329,9832020Revenue 2021: $774,769Expenses 2021: $994,770Net Income 2021: -$220,0012021Revenue 2022: $1,489,025Expenses 2022: $1,162,025Net Income 2022: $327,0002022Revenue 2025: $1,523,355Expenses 2025: $1,579,806Net Income 2025: -$56,4512025

Highlighted filing

2025

Revenue$1,523,355
Expenses$1,579,806
Net Income-$56,451

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 1, 2025
Return Version
2024v5.2
Gross Receipts
$1,574,053
Mission and Program Overview

Mission

Administration and promotion of ncaa division ii sports at 14 midwest universities that are member institutions.

Administration and promotion of ncaa division ii sports at 15 midwest universities that are member institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$803,152$672,976▼ $130,176
Investments in Publicly Traded Securities$218,117$240,812▲ $22,695
Accounts Receivable$16,293$22,159▲ $5,866
Inventories for Sale or Use$9,212$5,864▼ $3,348
Prepaid Expenses and Deferred Charges$880--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,097,068$1,098,740▲ $1,672
Other Assets Total$49,414$156,929▲ $107,515
Liabilities
Other Liabilities$46,641$159,806▲ $113,165
Deferred Revenue$100,000--
Accounts Payable and Accrued Expenses$25,547$52,329▲ $26,782
Total Liabilities$172,188$212,135▲ $39,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$924,880$886,605▼ $38,275
Total Net Assets Fund Balance$924,880$886,605▼ $38,275
Total Liabilities and Net Assets / Fund Balance$1,097,068$1,098,740▲ $1,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$58,252$58,252
Other Assets Org$156,929--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Jim NaumovichCommissionerFT$196,910$56,839$253,749

Board Members and Trustees

NameTitle
Dr Susan ThomasChair
Ms Susan ChambersInterim President
Dr Jeff FrederickPresident
Dr David LivingstonVice Chair
Dr Brian McgeeCouncil Member
Dr Janet GoochCouncil Member
Dr John MoseleyCouncil Member
Dr Kristin SobolikCouncil Member
Dr Mark LombardiCouncil Member
Dr Mohammad DehghaniCouncil Member
Dr Richard J MelsonCouncil Member
Dr Sandra CassadyCouncil Member
Dr Tanuja SinghCouncil Member
Ms Kathy FrankenCouncil Member
Mr Daniel DobbinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$650,000
Program Service Revenue
$803,690
Investment Income
$35,755
Other Revenue
$33,910
All Other Contributions
$172,500
Change in Net Assets
$-56,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,523,355
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,176
Total Revenue per Audited Statements
$1,541,531
Total Revenue per Form 990
$1,523,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,026,571
Salaries, Compensation, and Employee Benefits$548,235
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$172,139$210,392-$382,531
Other Salaries and Wages$85,725$32,832-$118,557
Office Expenses-$64,522-$64,522
Travel$9,395$26,232-$35,627
Other Expenses$32,249--$32,249
Occupancy-$31,802-$31,802
Payroll Taxes$15,719$14,055-$29,774
Fees for Services Accounting-$28,502-$28,502
All Other Expenses$338$21,110-$21,448
Insurance-$19,276-$19,276
Fees for Services Legal-$18,675-$18,675
Other Employee Benefits$11,578$1,205-$12,783
Conferences and Meetings-$11,906-$11,906
Grants to Domestic Individuals$5,000--$5,000
Pension Plan Contributions$4,274$316-$4,590
Fees for Service Investment Mgmnt Fees-$2,272-$2,272
Total Functional Expenses$1,096,709$483,097$0$1,579,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,579,806
Total Expenses per Audited Statements$1,579,806
Total Expenses per Form 990$1,579,806
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use Liability$159,806
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee is comprised of presidents/chancellors who serve as chair, vice chair, and treasurer of the glvc.

Form 990, Part VI, Section A, Line 6

Members of the organization consist of member institutions. New member schools are selected pursuant to policies outlined in the conference handbook.

Form 990, Part VI, Section A, Line 7B

The council of presidents has one member from each member institution and approves all decisions. The individual is the ceo of the member institution.

Form 990, Part VI, Section B, Line 11B

The draft of the form 990 is presented to the finance committee for review and approval. The final document is then circulated to the entire board of presidents.

Form 990, Part VI, Section B, Line 15A

The glvc council of presidents conducts an annual review of the commissioner each may, after soliciting feedback from the league's athletic directors and faculty athletic representatives. A formal written document is used as the evaluation instrument in this process. The council also reviews salary data available from the ncaa division ii conference commissioners association (cca) annual survey when determing the compensation level for the following fiscal year.

Form 990, Part VI, Section C, Line 19

Consistent with the requirements of section 6104(d) of the internal revenue code and regulations thereunder, copies of the irs form 990 and application for exemption shall be made available upon request, in a timely manner, and subject to charges permitted by the law to any individuals who request it. Other governing documents and financial statements are made available upon request to the individuals requesting them.

Filing and Contact Details

Filer

Filer Name
Great Lakes Valley Conference Inc
EIN
35-2046329
Phone
3172372105
Address
201 S CAPITOL AVE PAN AM PLAZA 5, INDIANAPOLIS, IN 46225

Signing Officer

Name
Jim Naumovich
Title
Commissioner
Phone
3172372105
Signed
2025-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Naumovich
Formed
1978
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STREET SUITE 1000, PEORIA, IL 61602
Preparer
Andrew Smith CPA
Phone
3096714500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Miscellaneous: program service expenses 0. Management and general expenses 12,836. Fundraising expenses 0. Total expenses 12,836. Bank fees: program service expenses 0. Management and general expenses 6,175. Fundraising expenses 0. Total expenses 6,175. Dues: program service expenses 0. Management and general expenses 2,099. Fundraising expenses 0. Total expenses 2,099. Membership: program service expenses 338. Management and general expenses 0. Fundraising expenses 0. Total expenses 338.

FORM 990 PART XII, LINE 2C:

The organization has not changed its oversight process or selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit corporation, exempt from income taxes under section 501(c)(3) of the u.s. Internal revenue code and has been classified as an organization that is not a private foundation under section 509(a)(3). The organization is subject to unrelated business income tax on any activities unrelated to its tax-exempt purpose, of which the organization had none for the years ended june 30, 2025 and 2024. Consequently, the accompanying financial statements do not reflect any provision for income taxes. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. Management has analyzed the tax positions taken by the organization, and has concluded that as of june 30, 2025, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The u.s. Federal and state income tax returns of the organization are subject to examination by the irs and state taxing authorities, generally for three years after they were filed.

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