Civic Intelligence

The Southern Conference

990 • Fiscal year 2019 • EIN 54-0674274

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 28, 2019

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

72nd percentile

0.41x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

1.11x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

21st percentile

-8.3%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$376,650

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

32nd percentile

-1.0%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.2%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$9,891,150

Down $103,005 (-1.0%) from 2018

Net Assets

Down

$5,803,740

Down $68,852 (-1.2%) from 2018

Liabilities

Down

$4,087,410

Down $34,153 (-0.8%) from 2018

Revenue

Up

$3,682,299

Up $44,691 (+1.2%) from 2018

Expenses

Down

$3,986,191

Down $57,271 (-1.4%) from 2018

Net Income

Up

-$303,892

Up $101,962 (+25%) from 2018

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

2019

Assets$9,891,150
Liabilities$4,087,410
Net Assets$5,803,740

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

2019

Revenue$3,682,299
Expenses$3,986,191
Net Income-$303,892
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 28, 2019
Return Version
2018v3.1
Gross Receipts
$5,479,767
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$4,894,954$4,874,648▼ $20,306
Cash and Non-Interest-Bearing Accounts$3,567,294$3,296,941▼ $270,353
Savings and Temporary Cash Investments$1,057,823$1,332,935▲ $275,112
Land, Buildings, and Equipment, Net$262,142$228,181▼ $33,961
Accounts Receivable$190,422$139,988▼ $50,434
Prepaid Expenses and Deferred Charges$21,520$18,457▼ $3,063
Total Assets$9,994,155$9,891,150▼ $103,005
Liabilities
Deferred Revenue$3,404,125$3,443,154▲ $39,029
Other Liabilities$543,569$554,598▲ $11,029
Accounts Payable and Accrued Expenses$173,869$89,658▼ $84,211
Total Liabilities$4,121,563$4,087,410▼ $34,153
Net Assets / Fund Balance
Unrestricted Net Assets$5,872,592$5,803,740▼ $68,852
Total Net Assets Fund Balance$5,872,592$5,803,740▼ $68,852
Total Liabilities and Net Assets / Fund Balance$9,994,155$9,891,150▼ $103,005

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$200,346$197,901$398,247
Equipment$27,835$256,833$284,668

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,238,060-▲ $366,136-$4,448,059
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John IamarinoCommissionerFT$270,392$106,258$376,650

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$375,204
Program Service Revenue
$2,679,656
Investment Income
$149,111
Other Revenue
$478,328
All Other Contributions
$375,204
Change in Net Assets
$-303,892

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,641,162
Revenue Not Reported on Financial Statements
$41,137
Revenue Not Reported on Form 990
$331,040
Total Revenue per Audited Statements
$3,972,202
Total Revenue per Form 990
$3,682,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,472,306
Salaries, Compensation, and Employee Benefits$1,403,885
Grants and Similar Amounts Paid$110,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$683,514--$683,514
Current Officers, Directors, Trustees, and Key Employees$285,000--$285,000
Other Employee Benefits$270,895--$270,895
Fees for Services Other$265,596--$265,596
Information Technology$230,917--$230,917
Office Expenses$197,735$-1,893-$195,842
Travel$116,853--$116,853
Pension Plan Contributions$99,091--$99,091
Grants to Domestic Orgs$90,000--$90,000
Other Expenses$86,123--$86,123
Payroll Taxes$65,385--$65,385
Conferences and Meetings-$55,718-$55,718
Insurance-$44,576-$44,576
All Other Expenses$41,820--$41,820
Fees for Service Investment Mgmnt Fees-$41,137-$41,137
Depreciation Depletion$33,960--$33,960
Grants to Domestic Individuals$20,000--$20,000
Fees for Services Accounting-$17,746-$17,746
Advertising$15,887--$15,887
Occupancy$14,415--$14,415
Fees for Services Legal-$110-$110
Total Functional Expenses$3,828,797$157,394$0$3,986,191

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,041,054
Total Expenses per Form 990$3,986,191
Expenses per Audited Statements$3,945,054
Expenses Not Reported on Form 990$96,000
Expenses Not Reported on Financial Statements$41,137
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ut Chattanooga Athletics DepartmentChattanooga, TNGovBsktball Enhancement$25,000
Virginia Military InstituteLexington, VAGovBsktball Enhancement$25,000
Wofford Athletics DepartmentSpartanburg, SC3Bsktball Enhancement$25,000
East Tennessee State UniversityJohnson City, TNGovBsktball Enhancement$15,000
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.$526,267
Capital Lease Obligation$28,331
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
2019-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Iamarino
Formed
2000
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
19

Preparer

Firm
Norman Johnson & Co Pa
Address
812 E MAIN ST, SPARTANBURG, SC 29302
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.

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Document Assets

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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. 2019 filings • 501(c)3 • $5M-$10M nonprofits