Civic Intelligence

Minnesota Intercollegiate Athletic

EIN 41-1948125 • 501(c)3 • Bloomington, MN

Profile

The Minnesota Intercollegiate Athletic Conference strives to guide, govern and support fair and equitable athletic competition and promote student-athlete well-being among its members. The Conference recognizes and celebrates the important contribution competitive athletics can make to the quality of an education experienced in a context in which the academic program is paramount.

2626 East 82nd Street No 148Bloomington, MN 55425

www.miacathletics.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.12x

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

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

Liabilities / Revenue

35th percentile

0.02x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

47th percentile

2.9%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

78th percentile

$131,651

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

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

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

58th percentile

13%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$210,457

Down $70,493 (-25%) from 2023

Liabilities

Down

$36,132

Down $11,163 (-24%) from 2023

Net Assets

Down

$174,325

Down $59,330 (-25%) from 2023

Revenue

Up

$1,277,731

Up $52,046 (+4.2%) from 2023

Expenses

Up

$1,337,061

Up $78,240 (+6.2%) from 2023

Net Income

Down

-$59,330

Down $26,194 (-79%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $188,720Liabilities 2012: $21,112Net Assets 2012: $167,6082012Assets 2013: $204,260Liabilities 2013: $10,701Net Assets 2013: $193,5592013Assets 2014: $181,546Liabilities 2014: $10,701Net Assets 2014: $170,8452014Assets 2015: $164,025Liabilities 2015: $13,864Net Assets 2015: $150,1612015Assets 2016: $214,158Liabilities 2016: $15,142Net Assets 2016: $199,0162016Assets 2017: $178,080Liabilities 2017: $15,142Net Assets 2017: $162,9382017Assets 2018: $151,605Liabilities 2018: $18,546Net Assets 2018: $133,0592018Assets 2019: $207,502Liabilities 2019: $20,302Net Assets 2019: $187,2002019Assets 2020: $257,612Liabilities 2020: $57,628Net Assets 2020: $199,9842020Assets 2021: $279,517Liabilities 2021: $57,628Net Assets 2021: $221,8892021Assets 2022: $290,455Liabilities 2022: $23,664Net Assets 2022: $266,7912022Assets 2023: $280,950Liabilities 2023: $47,295Net Assets 2023: $233,6552023Assets 2024: $210,457Liabilities 2024: $36,132Net Assets 2024: $174,3252024

Highlighted filing

2024

Assets$210,457
Liabilities$36,132
Net Assets$174,325

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $893,2562012Expenses 2013: $879,5562013Revenue 2014: $952,232Expenses 2014: $974,946Net Income 2014: -$22,7142014Revenue 2015: $948,689Expenses 2015: $969,373Net Income 2015: -$20,6842015Revenue 2016: $1,016,019Expenses 2016: $967,164Net Income 2016: $48,8552016Revenue 2017: $995,785Expenses 2017: $1,031,863Net Income 2017: -$36,0782017Revenue 2018: $1,009,405Expenses 2018: $1,039,284Net Income 2018: -$29,8792018Revenue 2019: $1,128,247Expenses 2019: $1,074,106Net Income 2019: $54,1412019Revenue 2020: $1,021,680Expenses 2020: $1,008,896Net Income 2020: $12,7842020Revenue 2021: $730,621Expenses 2021: $708,716Net Income 2021: $21,9052021Revenue 2022: $1,169,400Expenses 2022: $1,124,498Net Income 2022: $44,9022022Revenue 2023: $1,225,685Expenses 2023: $1,258,821Net Income 2023: -$33,1362023Revenue 2024: $1,277,731Expenses 2024: $1,337,061Net Income 2024: -$59,3302024

Highlighted filing

2024

Revenue$1,277,731
Expenses$1,337,061
Net Income-$59,330

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$0.21$0.04$0.17$1.28$1.34$0.06
2023Summary only. Only limited summary data is available for this year.$0.28$0.05$0.23$1.23$1.26$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.02$0.27$1.17$1.12$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.06$0.22$0.73$0.71$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.06$0.20$1.02$1.01$0.01
2019Summary only. Only limited summary data is available for this year.$0.21$0.02$0.19$1.13$1.07$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.02$0.13$1.01$1.04$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.02$0.16$1.00$1.03$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.02$0.20$1.02$0.97$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.95$0.97$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.95$0.97$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.01$0.19$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.02$0.17$0.89
Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 15, 2022
Return Version
2020v4.2
Gross Receipts
$730,621
Mission and Program Overview

Mission

See schedule o.the minnesota intercollegiate athletic conference strives to guide, govern, and support fair and equitable athletic competition, promote student-athlete well-being among its members, and celebrate combined excellence and achievement in both athletics and academics while facilitating a welcoming environment at all campuses and contests that challenges, empowers, and develops leaders.

The miac strives to guide, govern, and support fair and equitable athletic competition and promote student-athlete well-being among its members. The miac recognizes and celebrates the important contribution competitive athletics can make to the quality of an education experienced in a context in which the academic program is paramount.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$212,362$163,357▼ $49,005
Savings and Temporary Cash Investments$15,012$79,284▲ $64,272
Accounts Receivable$1,590$31,027▲ $29,437
Pledges and Grants Receivable$23,660--
Prepaid Expenses and Deferred Charges$1,837$2,837▲ $1,000
Land, Buildings, and Equipment, Net$2,025$886▼ $1,139
Total Assets$257,612$279,517▲ $21,905
Other Assets Total$1,126$2,126▲ $1,000
Liabilities
Unsecured Notes Loans Payable$36,760$36,760→ $0
Accounts Payable and Accrued Expenses$20,868$20,868→ $0
Total Liabilities$57,628$57,628→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$168,592$221,889▲ $53,297
Net Assets With Donor Restrictions$31,392$0▼ $31,392
Total Net Assets Fund Balance$199,984$221,889▲ $21,905
Total Liabilities and Net Assets / Fund Balance$257,612$279,517▲ $21,905

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$886$15,184$16,070
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel P MckaneCommissionerFT$124,194$124,194

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$133,330
Program Service Revenue
$597,164
Investment Income
$27
Other Revenue
$100
All Other Contributions
$133,330
Change in Net Assets
$21,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$730,621
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$730,621
Total Revenue per Form 990
$730,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,607
Salaries, Compensation, and Employee Benefits$223,109
Total Fundraising Expense$2,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$99,355$23,597$1,242$124,194
Other Salaries and Wages$61,113$14,514$764$76,391
Office Expenses$67,554--$67,554
All Other Expenses$16,534$3,743$197$20,474
Other Expenses$19,862--$19,862
Payroll Taxes$15,063$3,578$188$18,829
Occupancy$11,547$2,742$144$14,433
Conferences and Meetings$7,550--$7,550
Fees for Services Accounting-$7,000-$7,000
Insurance$5,255$1,248$66$6,569
Travel$6,192--$6,192
Other Employee Benefits$2,956$702$37$3,695
Fees for Services Other-$1,712-$1,712
Depreciation Depletion-$1,139-$1,139
Total Functional Expenses$646,103$59,975$2,638$708,716

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per 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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Thirteen minnesota private small colleges.

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

Provided via email and discussed during october presidents council meeting.

Form 990, Part VI, Section B, Line 12C

The board meets 3 times a year to discuss matters associated with the business along with reviewing the annual audit.

Form 990, Part VI, Section B, Line 15

The board determines the salaries based on a report of division iii commissioner salary levels and performance. They also review trends in freezes, raises, and decreases at miac institutions.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Minnesota Intercollegiate Athletic
EIN
41-1948125
Phone
6516443964
Address
2626 EAST 82ND STREET NO 148, BLOOMINGTON, MN 55425

Signing Officer

Name
Daniel P Mckane
Title
Commissioner
Phone
6516443964
Signed
2022-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel P Mckane
Formed
1920
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
0

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Marc Colin
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

No change from prior year.

Financial Statement Notes

PART X, LINE 2:

Miac has a tax-exempt status under section 501(c)(3) of the internal revenue code and has adopted accounting for uncertainty in income taxes, asc 740-10. Miac's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. Miac continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the internal revenue code and charitable contributions by donors are tax deductible. In compliance with its exempt status, miac annually files a return of organization exempt from income tax (form 990).

Raw XML AppendixShowing 400 of 555 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE MIAC STRIVES TO GUIDE, GOVERN, AND SUPPORT FAIR AND EQUITABLE ATHLETIC COMPETITION AND PROMOTE STUDENT-ATHLETE WELL-BEING AMONG ITS MEMBERS. THE MIAC RECOGNIZES AND CELEBRATES THE IMPORTANT CONTRIBUTION COMPETITIVE ATHLETICS CAN MAKE TO THE QUALITY OF AN EDUCATION EXPERIENCED IN A CONTEXT IN WHICH THE ACADEMIC PROGRAM IS PARAMOUNT.
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IRS990/Desc0THE MIAC SERVED 13 MEMBER INSTITUTIONS BY PROVIDING SCHEDULING, OFFICIATING, POST-SEASON OPPORTUNITIES AND EDUCATIONAL INITIATIVES. PROMOTED MEMBERS (INCLUDING COACHES AND STUDENT-ATHLETES) OF OUR 22 CHAMPIONSHIPS SPORTS.
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