Civic Intelligence

The Southern Conference

990 • Fiscal year 2018 • EIN 54-0674274

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 14, 2018

702 N Pine StreetSpartanburg, SC 29303

(864) 591-5100

Siviq Scores

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

Liabilities / Assets

71st percentile

0.41x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.13x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$361,079

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

46th percentile

0.6%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-5.2%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,994,155

Up $63,106 (+0.6%) from 2017

Net Assets

Down

$5,872,592

Down $257,138 (-4.2%) from 2017

Liabilities

Up

$4,121,563

Up $320,244 (+8.4%) from 2017

Revenue

Down

$3,637,608

Down $201,200 (-5.2%) from 2017

Expenses

Down

$4,043,462

Down $208,736 (-4.9%) from 2017

Net Income

Up

-$405,854

Up $7,536 (+1.8%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$9,994,155
Liabilities$4,121,563
Net Assets$5,872,592

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$3,637,608
Expenses$4,043,462
Net Income-$405,854
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 14, 2018
Return Version
2017v2.3
Gross Receipts
$5,129,261
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$4,251,307$4,894,954▲ $643,647
Cash and Non-Interest-Bearing Accounts$3,411,126$3,567,294▲ $156,168
Savings and Temporary Cash Investments$1,584,605$1,057,823▼ $526,782
Land, Buildings, and Equipment, Net$229,853$262,142▲ $32,289
Accounts Receivable$433,276$190,422▼ $242,854
Prepaid Expenses and Deferred Charges$20,882$21,520▲ $638
Total Assets$9,931,049$9,994,155▲ $63,106
Liabilities
Deferred Revenue$3,261,069$3,404,125▲ $143,056
Other Liabilities$396,877$543,569▲ $146,692
Accounts Payable and Accrued Expenses$143,373$173,869▲ $30,496
Total Liabilities$3,801,319$4,121,563▲ $320,244
Net Assets / Fund Balance
Unrestricted Net Assets$6,129,730$5,872,592▼ $257,138
Total Net Assets Fund Balance$6,129,730$5,872,592▼ $257,138
Total Liabilities and Net Assets / Fund Balance$9,931,049$9,994,155▲ $63,106

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$212,486$185,761$398,247
Equipment$49,656$235,012$284,668

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,211,187-▲ $259,441-$4,238,060
2016$4,107,340$382,868▲ $502,749-$4,211,187
2015$4,169,334-▼ $35,727-$4,107,340
2014$3,137,075$1,000,000▲ $55,839-$4,169,334
2013$2,227,445$602,494▲ $322,423-$3,137,075
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John IamarinoCommissionerFT$270,000$91,079$361,079

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$361,937
Program Service Revenue
$2,586,366
Investment Income
$111,781
Other Revenue
$577,524
All Other Contributions
$361,937
Change in Net Assets
$-405,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,637,608
Revenue Not Reported on Form 990
$244,716
Total Revenue per Audited Statements
$3,882,324
Total Revenue per Form 990
$3,637,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,382,647
Salaries, Compensation, and Employee Benefits$1,317,843
Grants and Similar Amounts Paid$342,972
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$645,325--$645,325
Grants to Domestic Orgs$320,972--$320,972
Current Officers, Directors, Trustees, and Key Employees$275,000--$275,000
Fees for Services Other$272,251--$272,251
Other Employee Benefits$242,627--$242,627
Information Technology$218,164--$218,164
Office Expenses$200,361$196-$200,557
Travel$107,383--$107,383
Pension Plan Contributions$92,119--$92,119
Other Expenses$77,957--$77,957
Payroll Taxes$62,772--$62,772
All Other Expenses$54,545--$54,545
Conferences and Meetings-$48,543-$48,543
Advertising$42,657--$42,657
Insurance-$40,954-$40,954
Fees for Service Investment Mgmnt Fees-$40,729-$40,729
Depreciation Depletion$31,113--$31,113
Grants to Domestic Individuals$22,000--$22,000
Fees for Services Accounting-$19,336-$19,336
Occupancy$15,265--$15,265
Fees for Services Legal-$5,416-$5,416
Total Functional Expenses$3,888,288$155,174$0$4,043,462

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,043,462
Total Expenses per Audited Statements$3,911,834
Expenses per Audited Statements$3,815,834
Expenses Not Reported on Financial Statements$227,628
Other Expense Adjustments$227,628
Expenses Not Reported on Form 990$96,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mercer UniversityMacon, GA3Bsktball Enhancement$22,502
Unc GreensboroGreensboro, NCGovIn Lieu of Replay Eq$17,065
Unc GreensboroGreensboro, NCGovBsktball Enhancement$16,669
Wofford Athletics DepartmentSpartanburg, SC3Bsktball Enhancement$16,669
East Tennessee State UniversityJohnson City, TNGovBsktball Enhancement$12,502
Furman UniversityGreenville, SC3Bsktball Enhancement$12,501
Western Carolina UniversityCullowhee, NCGovBsktball Enhancement$8,334
East Tennessee State UniversityJohnson City, TNGovReplay Equipment-
Furman UniversityGreenville, SC3Replay Equipment-
Mercer UniversityMacon, GA3Replay Equipment-
Samford UniversityBirmingham, AL3Replay Equipment-
The CitadelCharleston, SCGovReplay Equipment-
Ut Chattanooga Athletics DepartmentChattanooga, TNGovReplay Equipment-
Virginia Military InstituteLexington, VAGovReplay Equipment-
Western Carolina UniversityCullowhee, NCGovReplay Equipment-
Wofford Athletics DepartmentSpartanburg, SC3Replay Equipment-
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
Student Assistance Funds Pay.$510,108
Capital Lease Obligation$33,461
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Sue G Arakas
Title
Assoc. Commissioner
Phone
8645915100
Signed
2018-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Iamarino
Formed
2000
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
19

Preparer

Firm
Norman Johnson & Co Pa
Address
191 N DANIEL MORGAN AVENUE, SPARTANBURG, SC 29306
Preparer
Gary J Johnson CPA
Phone
8645738623
Supplemental Narrative

Additional Explanations

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 -96,000

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.

Schedule D, Page 3, Part X

The organization believes that it is more likely than not that any significant tax positions would be sustained upon examination by the taxing authorities and it has not been subjected to such examinations. Tax years ending june 30, 2016, 2017, and 2018 remain subject to examination by the taxing authorities.

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

Distribution to members 227,628

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits