Civic Intelligence

The Big 12 Conference Inc.

990 • Fiscal year 2017 • EIN 75-2604555

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 08, 2018

400 East John Carpenter FreewayIrving, TX 75062

(469) 524-1000

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.75x

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

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.21x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

22nd percentile

-1.3%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

94th percentile

$3,345,278

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

5th percentile

-10%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

18%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Flat

$101,055,749

Flat from 2017

Net Assets

Flat

$24,977,048

Flat from 2017

Liabilities

Flat

$76,078,701

Flat from 2017

Revenue

Flat

$370,940,249

Flat from 2017

Expenses

Flat

$375,738,049

Flat from 2017

Net Income

Flat

-$4,797,800

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $11,638,715Liabilities 2011: $1,035,742Net Assets 2011: $10,602,9732011Assets 2012: $65,311,349Liabilities 2012: $45,697,584Net Assets 2012: $19,613,7652012Assets 2013: $65,141,652Liabilities 2013: $43,110,718Net Assets 2013: $22,030,9342013Assets 2014: $81,992,346Liabilities 2014: $58,115,929Net Assets 2014: $23,876,4172014Assets 2015: $104,728,021Liabilities 2015: $71,083,126Net Assets 2015: $33,644,8952015Assets 2016: $112,505,940Liabilities 2016: $82,731,095Net Assets 2016: $29,774,8452016Assets 2017: $101,055,749Liabilities 2017: $76,078,701Net Assets 2017: $24,977,0482017Assets 2017: $101,055,749Liabilities 2017: $76,078,701Net Assets 2017: $24,977,0482017Assets 2018: $108,691,862Liabilities 2018: $83,913,974Net Assets 2018: $24,777,8882018Assets 2019: $99,821,168Liabilities 2019: $67,992,320Net Assets 2019: $31,828,8482019Assets 2020: $89,973,297Liabilities 2020: $58,605,259Net Assets 2020: $31,368,0382020Assets 2021: $67,674,479Liabilities 2021: $52,290,781Net Assets 2021: $15,383,6982021Assets 2022: $72,738,029Liabilities 2022: $37,581,307Net Assets 2022: $35,156,7222022Assets 2023: $84,615,443Liabilities 2023: $34,205,075Net Assets 2023: $50,410,3682023Assets 2024: $73,569,096Liabilities 2024: $60,053,961Net Assets 2024: $13,515,1352024

Highlighted filing

2017

Assets$101,055,749
Liabilities$76,078,701
Net Assets$24,977,048

Operations Trend

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

$600M$400M$200M$0-$200MExpenses 2011: $157,236,3582011Expenses 2012: $150,499,7062012Expenses 2013: $214,687,1652013Revenue 2014: $227,714,636Expenses 2014: $225,869,153Net Income 2014: $1,845,4832014Revenue 2015: $267,755,283Expenses 2015: $257,986,805Net Income 2015: $9,768,4782015Revenue 2016: $313,238,532Expenses 2016: $317,108,582Net Income 2016: -$3,870,0502016Revenue 2017: $370,940,249Expenses 2017: $375,738,049Net Income 2017: -$4,797,8002017Revenue 2017: $370,940,249Expenses 2017: $375,738,049Net Income 2017: -$4,797,8002017Revenue 2018: $373,924,498Expenses 2018: $374,123,658Net Income 2018: -$199,1602018Revenue 2019: $439,030,107Expenses 2019: $431,979,147Net Income 2019: $7,050,9602019Revenue 2020: $409,229,422Expenses 2020: $409,690,232Net Income 2020: -$460,8102020Revenue 2021: $356,214,140Expenses 2021: $372,198,480Net Income 2021: -$15,984,3402021Revenue 2022: $480,595,030Expenses 2022: $460,822,016Net Income 2022: $19,773,0142022Revenue 2023: $510,705,010Expenses 2023: $495,451,364Net Income 2023: $15,253,6462023Revenue 2024: $493,822,339Expenses 2024: $530,717,573Net Income 2024: -$36,895,2342024

Highlighted filing

2017

Revenue$370,940,249
Expenses$375,738,049
Net Income-$4,797,800
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.1
Gross Receipts
$370,940,249
Mission and Program Overview

Mission

Form 990 part i, line 1 the big 12 conference, inc ("big 12") is an association of world- class universities whose members advance standards of scholarship, sportmanship and equity consistent with the highest ideals of conference membership. The conference organizes, promotes and administers intercollegiate athletics among its member institutions to optimize revenues and provide supporting service compatible with both academic and competitive excellence. Form 990 part iii, line 1 the big 12 conference, inc ("big 12") is an association of world- class universities whose members advance standards of scholarship, sportmanship and equity consistent with the highest ideals of conference membership. The conference organizes, promotes and administers intercollegiate athletics among its member institutions to optimize revenues and provide supporting service compatible with both academic and competitive excellence.

Form 990 part i, line 1 and part iii, line 1 advance standards of scholarship, sportmanship and equity consistent with the highest ideals of conference membership. Organize, promote and administer intercollegiate athletics among its member institutions. Optimize revenues and provide supporting service compatible with both academic and competitive excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$84,209,774$74,853,132▼ $9,356,642
Cash and Non-Interest-Bearing Accounts$22,779,458$19,833,510▼ $2,945,948
Land, Buildings, and Equipment, Net$2,989,477$3,452,903▲ $463,426
Accounts Receivable$1,344,077$1,869,734▲ $525,657
Investments Other Securities$736,202$757,680▲ $21,478
Receivables From Officers Etc$300,000$200,000▼ $100,000
Prepaid Expenses and Deferred Charges$146,952$85,329▼ $61,623
Intangible Assets-$3,461-
Total Assets$112,505,940$101,055,749▼ $11,450,191
Liabilities
Other Liabilities$80,517,479$73,406,098▼ $7,111,381
Accounts Payable and Accrued Expenses$1,932,991$2,383,819▲ $450,828
Deferred Revenue$280,625$288,784▲ $8,159
Total Liabilities$82,731,095$76,078,701▼ $6,652,394
Net Assets / Fund Balance
Unrestricted Net Assets$29,774,845$24,977,048▼ $4,797,797
Total Net Assets Fund Balance$29,774,845$24,977,048▼ $4,797,797
Total Liabilities and Net Assets / Fund Balance$112,505,940$101,055,749▼ $11,450,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,550,037$1,099,579$2,649,616
Equipment$1,014,836$636,445$1,651,281
Land$888,030-$888,030
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Victor Boschini JrChancellor/d--$3,345,278$3,345,278
Victor Boschini JrChancellor/director-$2,000,000$1,058,012$3,058,012
Greg FenvesPresident/di--$874,938$874,938
Gordon GeePresident/di--$809,754$809,754
Steven LeathPresident/di--$808,286$808,286
Burns HargisPresident/di--$668,547$668,547
Bernadette Gray-littleChancellor/d--$638,014$638,014
David BorenPresident/di--$533,154$533,154
David GarlandPresident/di--$499,849$499,849
Lawrence SchovanecPresident/di--$443,625$443,625
Tim WeiserDeputy CommiFT$289,625$64,016$353,641
Gordon GeePresident/director-$275,100$78,541$353,641
John OppermanPresident/di--$346,255$346,255
Ed StewartSr Assoc COMFT$194,826$57,400$252,226
Greg FenvesPresident/director-$190,000$62,226$252,226
Tim AllenSr Assoc COMFT$191,729$49,010$240,739
Bernadette Gray-littleChancellor/director-$181,315$59,424$240,739
John UnderwoodAssoc CommisFT$170,163$46,054$216,217
Burns HargisPresident/director-$162,840$53,377$216,217
Dru HancockSr Assoc COMFT$172,469$36,817$209,286
Steven LeathPresident/director-$166,355$42,931$209,286
David BorenPresident/director-$159,820$46,446$206,266

Board Members and Trustees

NameTitle
Linda LivingstonePresident
David GarlandPresident/director
John OppermanPresident/director
Lawrence SchovanecPresident/director
Richard MyersDirector
John UnderwoodAssoc Commissioner
Steve PaceCFO
Bob BowlsbyCommissioner
Tim WeiserDeputy Commissioner
Dru HancockSr Assoc Commissione
Ed StewartSr Assoc Commissione
Tim AllenSr Assoc Commissione

Highest Paid Contractors

ContractorServicesLocationCompensation
Polsinelli Shugart PCLegal Services700 W 47TH SUITE 1000, Kansas City, MO 64112$2,905,978
-Official Coord5 PALM MEADOWS CT, Sugar Land, TX 77479$198,288
Revenue and Support

Revenue Composition

Contributions and Grants
$280,625
Program Service Revenue
$368,763,044
Investment Income
$149,641
Other Revenue
$1,746,939
All Other Contributions
$280,625
Change in Net Assets
$-4,797,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$370,940,249
Revenue Not Reported on Form 990
$59,990
Total Revenue per Audited Statements
$371,000,239
Total Revenue per Form 990
$370,940,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$342,775,341
Other Expenses$25,762,630
Salaries, Compensation, and Employee Benefits$7,200,078
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$342,775,341--$342,775,341
Fees for Services Legal-$5,789,600-$5,789,600
Other Expenses$3,695,591$158,892-$3,854,483
Current Officers, Directors, Trustees, and Key Employees-$3,518,668-$3,518,668
Other Salaries and Wages-$2,455,771-$2,455,771
Fees for Services Other$1,527,115$124,163-$1,651,278
Advertising$1,299,782$373-$1,300,155
Royalties$575,857$67,679-$643,536
Other Employee Benefits-$607,351-$607,351
Office Expenses$401,357$187,857-$589,214
Occupancy$403,385--$403,385
Pension Plan Contributions-$365,262-$365,262
Depreciation Depletion-$262,267-$262,267
Information Technology$210,105$44,162-$254,267
Payroll Taxes-$253,026-$253,026
Insurance-$216,832-$216,832
Fees for Services Accounting-$29,875-$29,875
Total Functional Expenses$361,656,271$14,081,778$0$375,738,049

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$375,798,039
Expenses per Audited Statements$375,738,049
Total Expenses per Form 990$375,738,049
Expenses Not Reported on Form 990$59,990
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of OklahomaNorman, OK115Annual Distribution$35,232,576
University of TexasAustin, TX115Annual Distribution$34,845,027
Kansas Athletics IncLawrence, KS501c3Annual Distribution$34,434,986
Oklahoma State UniversityStillwater, OK115Annual Distribution$34,292,690
Baylor UniversityWaco, TX501c3Annual Distribution$34,247,411
Texas Christian UniversityFort Worth, TX501c3Annual Distribution$34,159,046
Iowa State UniversityAmes, IA115Annual Distribution$34,044,055
West Virginia UniversityMorgantown, WV115Annual Distribution$33,924,610
Kansas State UniversityManhattan, KS115Annual Distribution$33,836,918
Texas Tech UniversityLubbock, TX115Annual Distribution$33,758,022
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$300,000$200,000▼ $100,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Television Agreement Signing Bonus$67,692,308
Member Distribution Payable$5,713,790
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 6

Each university as a member of the conference elects a member of the board of directors.

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

Each university as a member of the conference elects a member of the board of directors.

Form 990, Page 6, Part VI, Line 9

Gordon gee west virginia university morgantown, wv 26506 greg fenves university of texas austin, tx 78713 david boren university of oklahoma norman, ok 73019 burns hargis oklahoma state university stillwater, ok 74078 john opperman texas tech university lubbock, tx 79409 david garland baylor university waco, tx 76711 steven leath iowa state university ames, ia 50011 bernadette gray-little university of kansas lawrence, ks 66045 victor boschini, jr texas christian university fort worth, tx 76129 richard myers kansas state university lawrence schovanec texas tech university lubbock, tx 79409 linda livingstone baylor university waco, tx 76111

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

The conference's form 990 is prepared by management, reviewed by an independent cpa firm and outside legal counsel, and provided to the audit committee and ultimately to the board of directors to review prior to filing.

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

Provision of the conferences's conflict of interest policy are detailed in the conference handbook. Annually, directors and employees are required to sign conflict of interest statements.

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

The board of directors in accordance with an executive compensation policy is responsible for preparing and approving the total compensation of the corporation's senior executives to ensure that compensation paid to such executives is reasonable and does not result in excessive and inappropriate benefit. The board shall review and approve, on an annual basis, executive compensation. This process is intended to result in compensation decisions that are consistent with the corporation's fulfillment of its mission as set forth in the corporations articles of incorporation, as well as the corporation's compensation policy.

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

The board of directors in accordance with an executive compensation policy is responsible for preparing and approving the total compensation of the corporation's senior executives to ensure that compensation paid to such executives is reasonable and does not result in excessive and inappropriate benefit. The board shall review and approve, on an annual basis, executive compensation. This process is intended to result in compensation decisions that are consistent with the corporation's fulfillment of its mission as set forth in the corporations articles of incorporation, as well as the corporation's compensation policy.

Form 990, Page 6, Part VI, Line 19

The conference determines on a case by case basis each request by the public for the information concerning the conference.

Filing and Contact Details

Filer

Filer Name
The Big 12 Conference Inc
EIN
75-2604555
Phone
4695241000
Address
400 EAST JOHN CARPENTER FREEWAY, IRVING, TX 75062

Signing Officer

Name
Bob Bowlsby
Title
Commissioner
Phone
4695241000
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Bowlsby Ii
Formed
1996
Legal Domicile
De
Voting Board Members
10
Independent Board Members
0
Employees
37

Preparer

Firm
Caton Consulting Group Pc
Address
105 DECKER CT STE 870, IRVING, TX 75062-3970
Preparer
Rusty Creech
Phone
9726501900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Form 990 part i, line 1 and part iii, line 1 advance standards of scholarship, sportmanship and equity consistent with the highest ideals of conference membership. Organize, promote and administer intercollegiate athletics among its member institutions. Optimize revenues and provide supporting service compatible with both academic and competitive excellence.

Form 990, Page 2, Part III, Line 4D

Other program related service expenses such as non-employee professional fees, advertising, travel, etc.

Form 990, Part XI, Line 9

59,990 rounding 3 total 59,993

Financial Statement Notes

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

Reclass to reflect reimbursement of program exp incurred 59,990

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

Reclass to reflect reimbursement of program exp incurred 59,990

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0607351
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.6$60.1$13.5$494$531$36.9
2023Summary only. Only limited summary data is available for this year.$84.6$34.2$50.4$511$495$15.3
2022Summary only. Only limited summary data is available for this year.$72.7$37.6$35.2$481$461$19.8
2021Summary only. Only limited summary data is available for this year.$67.7$52.3$15.4$356$372$16.0
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.0$58.6$31.4$409$410$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.8$68.0$31.8$439$432$7.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$83.9$24.8$374$374$0.20
2017Detailed filing. Detailed filing data is available for this year.$101$76.1$25.0$371$376$4.80
2017Summary only. Only limited summary data is available for this year.$101$76.1$25.0$371$376$4.80
2016Summary only. Only limited summary data is available for this year.$113$82.7$29.8$313$317$3.87
2015Detailed filing. Detailed filing data is available for this year.$105$71.1$33.6$268$258$9.77
2014Detailed filing. Detailed filing data is available for this year.$82.0$58.1$23.9$228$226$1.85
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.1$43.1$22.0$215
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.3$45.7$19.6$150
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$1.04$10.6$157