The Southern Conference

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

“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.”

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

“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.”

“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.”

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

“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.”

“Loss on disposal of fixed assets 771 distribution to members 112,500 loss on disposal of fixed assets -771 book / tax depreciation difference 1”

“Donated facilities -96,000 distribution to members 112,500”