Civic Intelligence

K State Athletics Inc.

990 • Fiscal year 2014 • EIN 48-6098838

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 30, 2015

1800 College AvenueManhattan, KS 66502

(785) 532-6913

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.37x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.94x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Net Margin

91st percentile

39%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

88th percentile

$1,997,284

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Asset Growth

99th percentile

113%

Faster asset growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

55%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Assets

Up

$269,421,154

Up $143,184,343 (+113%) from 2013

Net Assets

Up

$169,439,286

Up $144,906,537 (+591%) from 2013

Liabilities

Down

$99,981,868

Down $1,722,194 (-1.7%) from 2013

Revenue

Up

$105,924,094

Up $37,503,069 (+55%) from 2013

Expenses

Up

$64,623,032

Up $6,646,518 (+11%) from 2013

Net Income

Up

$41,301,062

Up $30,856,551 (+295%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $51,130,775Liabilities 2010: $31,959,468Net Assets 2010: $19,171,3072010Assets 2011: $88,594,088Liabilities 2011: $48,544,955Net Assets 2011: $40,049,1332011Assets 2012: $159,679,734Liabilities 2012: $101,065,772Net Assets 2012: $58,613,9622012Assets 2013: $126,236,811Liabilities 2013: $101,704,062Net Assets 2013: $24,532,7492013Assets 2014: $269,421,154Liabilities 2014: $99,981,868Net Assets 2014: $169,439,2862014Assets 2015: $295,810,411Liabilities 2015: $103,747,488Net Assets 2015: $192,062,9232015

Highlighted filing

2014

Assets$269,421,154
Liabilities$99,981,868
Net Assets$169,439,286

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2010: $40,746,6542010Expenses 2011: $44,564,2632011Expenses 2012: $49,419,6572012Revenue 2013: $68,421,025Expenses 2013: $57,976,514Net Income 2013: $10,444,5112013Revenue 2014: $105,924,094Expenses 2014: $64,623,032Net Income 2014: $41,301,0622014Revenue 2015: $83,903,998Expenses 2015: $70,203,458Net Income 2015: $13,700,5402015

Highlighted filing

2014

Revenue$105,924,094
Expenses$64,623,032
Net Income$41,301,062
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 30, 2015
Return Version
2013v4.0
Gross Receipts
$106,110,913
Mission and Program Overview

Mission

The mission of the department of intercollegiate athletics is to provide an environment that supports kansas state university, the academic progress and general welfare of student-athletes, and allows them to compete at the highest level within available resources. The department of intercollegiate athletics embraces the guidelines and principles established by the big 12 conference and ncaa, which promote the principles of sportsmanship, leadership and ethical conduct. The department of intercollegiate athletics is committed to providing fair and equitable treatment for all student-athletes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,292,171$150,675,063▲ $144,382,892
Savings and Temporary Cash Investments$79,329,368$54,423,877▼ $24,905,491
Investments Program Related$22,444,754$38,462,131▲ $16,017,377
Pledges and Grants Receivable$12,752,060$21,179,257▲ $8,427,197
Receivables From Officers Etc$611,113$277,780▼ $333,333
Accounts Receivable$228,440$180,640▼ $47,800
Prepaid Expenses and Deferred Charges$77,514$97,571▲ $20,057
Cash and Non-Interest-Bearing Accounts$53,228$32,979▼ $20,249
Total Assets$126,236,811$269,421,154▲ $143,184,343
Other Assets Total$4,448,163$4,091,856▼ $356,307
Liabilities
Tax Exempt Bond Liabilities$57,635,000$56,380,000▼ $1,255,000
Mortgage Notes Payable Secured by Investment Property$25,405,000$24,355,000▼ $1,050,000
Other Liabilities$12,683,655$12,809,008▲ $125,353
Accounts Payable and Accrued Expenses$5,905,231$6,362,790▲ $457,559
Deferred Revenue$75,176$75,070▼ $106
Total Liabilities$101,704,062$99,981,868▼ $1,722,194
Net Assets / Fund Balance
Unrestricted Net Assets$-18,638,647$117,933,122▲ $136,571,769
Temporarily Rstr Net Assets$30,948,744$39,114,594▲ $8,165,850
Permanently Rstr Net Assets$12,222,652$12,391,570▲ $168,918
Total Net Assets Fund Balance$24,532,749$169,439,286▲ $144,906,537
Total Liabilities and Net Assets / Fund Balance$126,236,811$269,421,154▲ $143,184,343

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$142,117,864$24,121,272$166,239,136
Equipment$8,557,199$12,088,261$20,645,460
Investment Program Related Org$38,462,131--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$15,180,000$186,420▲ $2,432,584$45,074$17,348,265
2013$14,157,373$110,912▲ $1,326,523$41,481$15,180,000
2012$15,452,552$553,412▼ $1,039,195$104,364$14,157,373
2011$12,798,017$592,457▲ $2,070,728$864$15,452,552
2010$12,260,303$442,065▲ $123,702$2,805$12,798,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
April MasonDirector-$1,623,275$385,523$1,997,284
Cindy BontragerSecretary-treasurer-$1,546,684$389,586$1,956,542
Debra L PattersonWbkball CoacFT$622,506$31,007$653,513
Pat BoscoDirector-$590,240$72,214$653,513
John CurrieChairmanFT$25,000$543,465$528,700
Bruce WeberMbkballFT$342,700$132,273$475,448
Thomas HayesAsst Fball CFT$424,135$40,254$464,389
Debra L PattersonWbkball Coach-$307,368$158,990$464,389
Bill SnyderFball CoachFT$296,776$168,178$463,552
Bradley HillBaseball Coach-$316,965$129,909$446,065
Dana DimelFball AsstFT$285,893$82,087$411,012
Sean SnyderAsst Fball CFT$367,980$43,032$411,012
Bradley HillBaseball COAFT$308,557$39,948$348,505
Jackie HartmanDirector-$228,740$119,144$348,505
Cindy BontragerSecretary-tr--$236,046$236,046
Beetta StoneyDirector--$99,286$99,286

Board Members and Trustees

NameTitle
Sean SnyderAsst Fball Coach
Thomas HayesAsst Fball Coach
Charles DickeyFball Asst
Delbert MillerFball Asst

Highest Paid Contractors

ContractorServicesLocationCompensation
Ssm INCConsulting-$1,011,493
First Data ServicesContracted Svcs-$349,107
Revenue and Support

Revenue Composition

Contributions and Grants
$54,971,159
Program Service Revenue
$48,537,503
Investment Income
$1,091,003
Other Revenue
$1,324,429
All Other Contributions
$54,800,466
Change in Net Assets
$41,301,062

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded48$20,761,305Fair Market Value
Other Non Cash Contri Table3$849,723Cost
Other Non Cash Contri Table55$359,691Cost or Selling Price
Other Non Cash Contri Table8$127,337Cost or Selling Price
Other Non Cash Contri Table35$53,408Cost or Selling Price
Works of Art1$24,650Fair Market Value
Cars and Other Vehicles1$10,000Selling Price
Drugs and Medical Supplies4$9,028Cost or Selling Price
Food Inventory4$3,989Cost or Selling Price
Total Noncash Contributions159$22,199,131-

Audited Revenue Reconciliation

Revenue per Audited Statements
$105,924,094
Revenue Not Reported on Form 990
$2,100,383
Total Revenue per Audited Statements
$108,024,477
Total Revenue per Form 990
$105,924,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,523,829
Salaries, Compensation, and Employee Benefits$24,993,413
Grants and Similar Amounts Paid$7,105,790
Total Fundraising Expense$2,985,486
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,944,429$2,714,224$944,107$21,602,760
All Other Expenses$5,098,420$2,816,041$107,336$8,021,797
Grants to Domestic Individuals$7,105,790--$7,105,790
Depreciation Depletion$4,729,850--$4,729,850
Travel$3,768,154$181,154$262,208$4,211,516
Interest-$3,306,902-$3,306,902
Other Expenses$875,230$1,073,179$771,306$1,646,536
Other Employee Benefits$1,064,702$308,033$89,929$1,462,664
Insurance$699,000$277,626-$976,626
Pension Plan Contributions$837,395$83,592$53,371$974,358
Payroll Taxes$754,560$145,343$53,728$953,631
Occupancy-$941,426-$941,426
Office Expenses$469,425$32,264$206,470$708,159
Advertising$269,899-$3,000$272,899
Fees for Services Other-$114,625-$114,625
Fees for Services Accounting-$93,926-$93,926
Fees for Service Investment Mgmnt Fees-$19,063-$19,063
Fees for Services Legal-$10,138-$10,138
Total Functional Expenses$49,520,010$12,117,536$2,985,486$64,623,032

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$64,912,181
Expenses per Audited Statements$64,623,032
Total Expenses per Form 990$64,623,032
Expenses Not Reported on Form 990$289,149
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$200,826
Fundraising Direct Expenses$186,819
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$355,489$184,796$113,743$71,053
Event 2$14,905$14,905$412$14,493
Total Events$370,394$199,701$186,819$12,882
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family MemberSalaryNo$1,905,263
-Key EmployeeRoyalty PaymentsNo$1,011,493
-Family MemberSalaryNo$367,980

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$611,113$277,780▼ $333,333
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ticket Deposits$10,741,279
Premium on Bonds Payable$2,067,729

Bond Issues

BondIssuerIssuedIssue PricePurpose
B48-10665892012-03-01$32,326,965CONSTRUCT AND EQUIP
A48-10665892011-03-16$22,112,549REFUNDED 12/03/98 ISSUE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$30,035,000--$355,874
A$21,790,000-$3,020,000$422,098

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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, Page 6, Part VI, Line 11B

Form 990 is reviewed by the athletic director, the associate athletic director and the board of directors before it is filed. A draft is approved before the final copy is filed.

Form 990, Page 6, Part VI, Line 12C

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by discussion at board meetings and staff meetings.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation of the top management official (ceo) is determined by the university president in consultation with the organization's board of directors and legal counsel. The university president typically reviews comparable compensation of other athletic directors at similar institutions nationally and within the big 12 conference. The board approves the compensation.

Form 990, Page 6, Part VI, Line 15B

Compensation for all non-ceo employees is set by the board of directors in consultation with the ceo, the compensation committee, the university president, and legal counsel, typically after reviewing comparable compensation for positions within the big 12 conference.

Form 990, Page 6, Part VI, Line 19

The organization makes its financial statements available on its website. Other governing documents are available upon request.

Filing and Contact Details

Filer

EIN
48-6098838
Phone
7855326913

Signing Officer

Name
John Currie
Title
Chairman
Phone
7855326913
Signed
2015-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Currie
Formed
1933
Legal Domicile
Ks
Voting Board Members
6
Independent Board Members
0
Employees
555
Volunteers
166

Preparer

Preparer
James L Gordon
Phone
7855370190
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the department of intercollegiate athletics is to provide an environment that supports kansas state university, the academic progress and general welfare of student-athletes, and allows them to compete at the highest level within available resources. The department of intercollegiate athletics embraces the guidelines and principles established by the big 12 conference and ncaa, which promote the principles of sportsmanship, leadership and ethical conduct. The department of intercollegiate athletics is committed to providing fair and equitable treatment for all student-athletes.

Form 990, Part IX, Line 24E

Big xii assessment fee 0 1,610,000 0 maintenance 1,404,209 97,569 45,719 ath equip & supplies 1,221,398 13,066 3,982 recruiting 1,108,902 0 0 officials 627,499 0 0 service charges 0 555,777 21,404 telephone 287,542 31,200 27,520 institutional support fee 0 301,328 0 supplies 223,243 13,397 8,711 public relations 27,140 88,264 0 equipment 107,046 0 0 bond costs 0 102,263 0 vehicle expenses 52,419 3,177 0 awards 39,022 0 0

Form 990, Part XI, Line 9

Fundraising revenues shown net of expenses on t/r 186,819 fundraising revenues shown net of expenses on t/r -186,819

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To provide scholarships and support to student athletes and all intercollegiate athletic programs

Schedule D, Page 4, Part XI, Line 2D

Fundraising revenues shown net of expenses on t/r 186,819

Schedule D, Page 4, Part XII, Line 2D

Fundraising revenues shown net of expenses on t/r 186,819

Schedule D, Page 4, Part XIII

Part v: due to prior period adjustment to prior year audited f/s, the schedule of endowment funds has changed to reflect the changes.

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IRS990/MissionDesc0THE MISSION OF THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS IS TO PROVIDE AN ENVIRONMENT THAT SUPPORTS KANSAS STATE UNIVERSITY, THE ACADEMIC PROGRESS AND GENERAL WELFARE OF STUDENT-ATHLETES, AND ALLOWS THEM TO COMPETE AT THE HIGHEST LEVEL WITHIN AVAILABLE RESOURCES. THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS EMBRACES THE GUIDELINES AND PRINCIPLES ESTABLISHED BY THE BIG 12 CONFERENCE AND NCAA, WHICH PROMOTE THE PRINCIPLES OF SPORTSMANSHIP, LEADERSHIP AND ETHICAL CONDUCT. THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS IS COMMITTED TO PROVIDING FAIR AND EQUITABLE TREATMENT FOR ALL STUDENT-ATHLETES.
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