Civic Intelligence

The Southern Conference

EIN 54-0674274 • 501(c)3 • Spartanburg, SC

Profile

To facilitate intercollegiate athletics competition for both men and women, promote a proper balance between academics and athletics, foster integrity and excellence in both athletics and academics, foster competitive amateur opportunities of a high quality for student-athletes in a broad spectrum of sports and championships, anticipate and plan for the future needs of intercollegiate athletics in a spirit of cooperation and mutual benefit of the member institutions, and enhance the conference enterprise and the visibility of the conference and member institutions.

702 N Pine StreetSpartanburg, SC 29303

www.soconsports.com

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.10x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

21st percentile

-3.9%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

10%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,830,872

Down $277,132 (-3.9%) from 2023

Liabilities

Up

$528,829

Up $101,494 (+24%) from 2023

Net Assets

Down

$6,302,043

Down $378,626 (-5.7%) from 2023

Revenue

Up

$5,064,288

Up $465,294 (+10%) from 2023

Expenses

Up

$5,631,865

Up $1,087,891 (+24%) from 2023

Net Income

Down

-$567,577

Down $622,597 (-1132%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $5,275,885Liabilities 2011: $693,443Net Assets 2011: $4,582,4422011Assets 2012: $4,800,336Liabilities 2012: $812,917Net Assets 2012: $3,987,4192012Assets 2013: $5,687,575Liabilities 2013: $800,560Net Assets 2013: $4,887,0152013Assets 2014: $8,540,954Liabilities 2014: $765,618Net Assets 2014: $7,775,3362014Assets 2015: $7,663,090Liabilities 2015: $775,618Net Assets 2015: $6,887,4722015Assets 2016: $7,308,723Liabilities 2016: $763,341Net Assets 2016: $6,545,3822016Assets 2017: $9,931,049Liabilities 2017: $3,801,319Net Assets 2017: $6,129,7302017Assets 2018: $9,994,155Liabilities 2018: $4,121,563Net Assets 2018: $5,872,5922018Assets 2019: $9,891,150Liabilities 2019: $4,087,410Net Assets 2019: $5,803,7402019Assets 2020: $6,999,169Liabilities 2020: $1,242,184Net Assets 2020: $5,756,9852020Assets 2021: $8,355,075Liabilities 2021: $1,786,493Net Assets 2021: $6,568,5822021Assets 2022: $8,107,664Liabilities 2022: $1,800,763Net Assets 2022: $6,306,9012022Assets 2023: $7,108,004Liabilities 2023: $427,335Net Assets 2023: $6,680,6692023Assets 2024: $6,830,872Liabilities 2024: $528,829Net Assets 2024: $6,302,0432024

Highlighted filing

2024

Assets$6,830,872
Liabilities$528,829
Net Assets$6,302,043

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,180,1312011Revenue 2012: $3,514,587Expenses 2012: $4,020,014Net Income 2012: -$505,4272012Expenses 2013: $3,919,8682013Revenue 2014: $6,582,956Expenses 2014: $3,882,342Net Income 2014: $2,700,6142014Revenue 2015: $4,373,623Expenses 2015: $5,121,508Net Income 2015: -$747,8852015Revenue 2016: $3,439,501Expenses 2016: $3,556,085Net Income 2016: -$116,5842016Revenue 2017: $3,838,808Expenses 2017: $4,252,198Net Income 2017: -$413,3902017Revenue 2018: $3,637,608Expenses 2018: $4,043,462Net Income 2018: -$405,8542018Revenue 2019: $3,682,299Expenses 2019: $3,986,191Net Income 2019: -$303,8922019Revenue 2020: $3,917,061Expenses 2020: $3,703,122Net Income 2020: $213,9392020Revenue 2021: $4,197,878Expenses 2021: $4,045,731Net Income 2021: $152,1472021Revenue 2022: $4,767,316Expenses 2022: $4,410,809Net Income 2022: $356,5072022Revenue 2023: $4,598,994Expenses 2023: $4,543,974Net Income 2023: $55,0202023Revenue 2024: $5,064,288Expenses 2024: $5,631,865Net Income 2024: -$567,5772024

Highlighted filing

2024

Revenue$5,064,288
Expenses$5,631,865
Net Income-$567,577

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.83$0.53$6.30$5.06$5.63$0.57
2023Detailed filing. Detailed filing data is available for this year.$7.11$0.43$6.68$4.60$4.54$0.06
2022Detailed filing. Detailed filing data is available for this year.$8.11$1.80$6.31$4.77$4.41$0.36
2021Detailed filing. Detailed filing data is available for this year.$8.36$1.79$6.57$4.20$4.05$0.15
2020Detailed filing. Detailed filing data is available for this year.$7.00$1.24$5.76$3.92$3.70$0.21
2019Detailed filing. Detailed filing data is available for this year.$9.89$4.09$5.80$3.68$3.99$0.30
2018Detailed filing. Detailed filing data is available for this year.$9.99$4.12$5.87$3.64$4.04$0.41
2017Detailed filing. Detailed filing data is available for this year.$9.93$3.80$6.13$3.84$4.25$0.41
2016Detailed filing. Detailed filing data is available for this year.$7.31$0.76$6.55$3.44$3.56$0.12
2015Detailed filing. Detailed filing data is available for this year.$7.66$0.78$6.89$4.37$5.12$0.75
2014Detailed filing. Detailed filing data is available for this year.$8.54$0.77$7.78$6.58$3.88$2.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.80$4.89$3.92
2012Summary only. Only limited summary data is available for this year.$4.80$0.81$3.99$3.51$4.02$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$0.69$4.58$3.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$5,693,618
Mission and Program Overview

Mission

To facilitate intercollegiate athletics competition for both men and women, promote a proper balance between academics and athletics, foster integrity and excellence in both athletics and academics, foster competitive amateur opportunities of a high quality for student-athletes in a broad spectrum of sports and championships, anticipate and plan for the future needs of intercollegiate athletics in a spirit of cooperation and mutual benefit of the member institutions, and enhance the conference enterprise and the visibility of the conference and member institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,263,594$4,631,101▲ $367,507
Cash and Non-Interest-Bearing Accounts$1,638,596$1,304,837▼ $333,759
Accounts Receivable$470,807$348,853▼ $121,954
Savings and Temporary Cash Investments$337,980$327,470▼ $10,510
Land, Buildings, and Equipment, Net$164,088$145,796▼ $18,292
Prepaid Expenses and Deferred Charges$232,939$72,815▼ $160,124
Total Assets$7,108,004$6,830,872▼ $277,132
Liabilities
Deferred Revenue$328,916$308,883▼ $20,033
Accounts Payable and Accrued Expenses$98,419$219,946▲ $121,527
Total Liabilities$427,335$528,829▲ $101,494
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,680,669$6,302,043▼ $378,626
Total Net Assets Fund Balance$6,680,669$6,302,043▼ $378,626
Total Liabilities and Net Assets / Fund Balance$7,108,004$6,830,872▼ $277,132

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$139,644$258,603$398,247
Equipment$6,152$288,637$294,789

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$4,345,722-▲ $389,283-$4,698,323
2022$4,484,553-▲ $391,442-$4,345,722
2021$4,910,515-▼ $320,733-$4,484,553
2020$4,237,645-▲ $1,042,010-$4,910,515
2019$4,448,059-▲ $87,788-$4,237,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim SchausCommissionerFT$196,321$12,960$209,281
Michael CrossCommissioner-$186,876-$186,876
Revenue and Support

Revenue Composition

Contributions and Grants
$328,916
Program Service Revenue
$3,396,104
Investment Income
$204,727
Other Revenue
$1,134,541
All Other Contributions
$328,916
Change in Net Assets
$-567,577

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,027,606
Revenue Not Reported on Financial Statements
$36,682
Revenue Not Reported on Form 990
$451,608
Total Revenue per Audited Statements
$5,479,214
Total Revenue per Form 990
$5,064,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,987,091
Salaries, Compensation, and Employee Benefits$1,632,774
Grants and Similar Amounts Paid$12,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$831,661--$831,661
Current Officers, Directors, Trustees, and Key Employees$350,000--$350,000
Other Employee Benefits$311,092--$311,092
Fees for Services Other$297,098--$297,098
Office Expenses$269,487--$269,487
All Other Expenses$263,746--$263,746
Travel$196,049--$196,049
Information Technology$149,944--$149,944
Conferences and Meetings$145,529--$145,529
Other Expenses$102,922--$102,922
Payroll Taxes$87,714--$87,714
Pension Plan Contributions$52,307--$52,307
Insurance-$39,928-$39,928
Fees for Services Accounting$36,736--$36,736
Fees for Service Investment Mgmnt Fees-$36,682-$36,682
Depreciation Depletion$18,292--$18,292
Advertising$13,224--$13,224
Grants to Domestic Individuals$12,000--$12,000
Occupancy$7,943--$7,943
Fees for Services Legal-$4,125-$4,125
Total Functional Expenses$5,551,130$80,735$0$5,631,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,857,840
Total Expenses per Form 990$5,631,865
Expenses per Audited Statements$5,595,183
Expenses Not Reported on Form 990$262,657
Expenses Not Reported on Financial Statements$36,682
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Each institution that belongs to the conference is considered a member.

Form 990, Page 6, Part VI, Line 7B

The council of presidents are the representatives of the member institutions and can override decisions made by the executive committee which is the designated governing body with a two-thirds vote of the presidents. The presidents also have ultimate responsibility for the employment of the commissioner.

Form 990, Page 6, Part VI, Line 11B

The 990 is posted on the organization's website in a "member's only" section for the members to review.

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

Conference employees have a fiduciary duty to the conference not to use knowledge or information obtained solely due to service in the conference office to the disadvantage of the conference during the term of employment. Further, an employee shall not participate in the discussion or vote of any action that might bring direct or indirect financial benefit to the employee or any organization in which the employee is financially interested (other than the conference.) a violation of this rule by an employee shall not invalidate the action taken by the conference if, following disclosure of the conflict of interest, the conference authorizes, ratifies or approves the action and the appropriate oversight body approves the action. An employee is responsible for advising the commissioner or president of the conference of potential conflicts of interest and should recuse himself or herself from participating in proceedings where a personal, professional or business interest would reasonably result in a conflict of interest. Abuse of one's position as an employee may result in dismissal from that position. Where a conflict of interest appears evident, an employee will be notified by the commissioner and will have the opportunity to present a rebuttal or details of the situation.

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

The chief executive officer, the commissioner, is hired by the council of presidents and has a written contract. An annual evaluation of the commissioner is performed each year and any adjustment as determined by the council are made to the contract and related compensation package.

Form 990, Page 6, Part VI, Line 19

The governing documents, form 990, and the financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Southern Conference
EIN
54-0674274
Phone
8645915100
Address
702 N PINE STREET, SPARTANBURG, SC 29303

Signing Officer

Name
Michael Cross
Title
Commissioner
Phone
8645915100
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cross
Formed
2000
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
18

Preparer

Firm
Elliott & Painter Llp
Address
390 E HENRY ST STE 203, SPARTANBURG, SC 29302
Preparer
Tammy M Grice CPA
Phone
8645831476
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Made adjustments after completion of annual audit

FORM 990 - ORGANIZATION'S MISSION

To facilitate intercollegiate athletics competition for both men and women, promote a proper balance between academics and athletics, foster integrity and excellence in both athletics and academics, foster competitive amateur opportunities of a high quality for student-athletes in a broad spectrum of sports and championships, anticipate and plan for the future needs of intercollegiate athletics in a spirit of cooperation and mutual benefit of the member institutions, and enhance the conference enterprise and the visibility of the conference and member institutions.

Form 990, Part XI, Line 9

Donated facilities -120,000 donated materials and supplies -142,657 total -262,657

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization is retaining their funds to cover normal operating expenses in the event of loss or delay in receiving revenue from it's primary funding source, the ncaa.

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