Big Ten Conference Inc
- Assets
- $336.1m
- Revenue
- $845.6m
- Investments
- $135.3m
- Employees
- 74
- Location
- Rosemont, IL
- Founding
- 09/1937
- Data as of
- 06/2022
- EIN
- 36-3640583
Organization Overview
Big Ten Conference Inc is located in Rosemont, IL. The organization was established in 1937. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Big Ten Conference Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Ten Conference Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Big Ten Conference Inc generated $845.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $851.2m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Big Ten Conference Inc has awarded 112 individual grants totaling $4,887,776,363. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BIG TEN CONFERENCE ("BIG TEN OR "CONFERENCE") IS AN ASSOCIATION OF WORLD-CLASS UNIVERSITIES WHOSE MEMBER INSTITUTIONS SHARE A COMMON MISSION OF RESEARCH, GRADUATE, PROFESSIONAL AND UNDERGRADUATE TEACHING AND PUBLIC SERVICE. FOUNDED IN 1896, THE BIG TEN HAS SUSTAINED A COMPREHENSIVE SET OF SHARED PRACTICES AND POLICIES THAT ENFORCE THE PRIORITY OF ACADEMICS IN STUDENT-ATHLETES' LIVES AND EMPHASIZE THE VALUES OF INTEGRITY, FAIRNESS AND COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONFERENCE COLLECTS REVENUE ON BEHALF OF THE MEMBER SCHOOLS FROM FOOTBALL AND BASKETBALL TELEVISION CONTRACTS, BOWL GAMES, FOOTBALL CHAMPIONSHIP GAME, AND BASKETBALL TOURNAMENTS, AS WELL AS GRANTS FROM THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA), AND REMITS THE REVENUE TO THE MEMBER SCHOOLS' ATHLETIC DEPARTMENT.
OFFICIATING - THE CONFERENCE PROVIDES NEUTRAL THIRD-PARTY OFFICIALS FOR SEVERAL CONFERENCE-SPONSORED SPORTS (BASEBALL, BASKETBALL, FIELD HOCKEY, FOOTBALL, VOLLEYBALL, MEN'S SOCCER, WOMEN'S SOCCER, WOMEN'S LACROSSE, SOFTBALL, WRESTLING AND ICE HOCKEY); OVERSEES MANAGEMENT OF THE OFFICIATING PROGRAM (E.G., ASSIGNING OFFICIALS, FINANCE ADMINISTRATION, ETC.); AND ADMINISTERS ANNUAL CLINICS, RULE REVIEWS, AND OTHER PROGRAMS DESIGNED TO ENHANCE THE SKILLS OF PARTICIPATING OFFICIALS.
CHAMPIONSHIPS - THE CONFERENCE DECLARES CONFERENCE CHAMPIONS IN TWENTY-EIGHT SPORTS AND OVERSEES TWENTY-SEVEN SEASON-ENDING CHAMPIONSHIPS/TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morton Schapiro Chair | Trustee | 4 | $0 |
Mark S Schlissel Director | Trustee | 2 | $0 |
Eric J Barron Director | Trustee | 2 | $0 |
Joan Ta Gabel Director | Trustee | 2 | $0 |
Pamela Whitten Director | Trustee | 2 | $0 |
Mitch Daniels Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayer Brown Legal Services | 6/29/22 | $1,977,819 |
Dvsport Officiating Technology | 6/29/22 | $1,834,062 |
Revel Xp Llc Event Enhancement Services | 6/29/22 | $902,466 |
Kld Discovery Ontrack Llc Legal Services | 6/29/22 | $719,127 |
Legends Maingate Llc Merchandising Services | 6/29/22 | $525,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $819,501,508 |
| Investment income | $24,918,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,106,163 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $845,640,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $812,503,337 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,849,565 |
| Compensation of current officers, directors, key employees. | $3,849,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,337,091 |
| Pension plan accruals and contributions | $166,318 |
| Other employee benefits | $1,195,492 |
| Payroll taxes | $805,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,131,069 |
| Fees for services: Accounting | $131,427 |
| Fees for services: Lobbying | $302,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,979,039 |
| Advertising and promotion | $689,092 |
| Office expenses | $150,728 |
| Information technology | $578,513 |
| Royalties | $0 |
| Occupancy | $939,223 |
| Travel | $1,166,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,117 |
| Interest | $1,346,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,254,247 |
| Insurance | $878,021 |
| All other expenses | $1,236,370 |
| Total functional expenses | $851,246,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,115,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,764,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $114,598,601 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $333,017 |
| Net Land, buildings, and equipment | $15,827,888 |
| Investments—publicly traded securities | $15,056,770 |
| Investments—other securities | $135,304,803 |
| Investments—program-related | $4,110,249 |
| Intangible assets | $0 |
| Other assets | $4,954,938 |
| Total assets | $336,066,093 |
| Accounts payable and accrued expenses | $3,605,123 |
| Grants payable | $0 |
| Deferred revenue | $305,552 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $31,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,841,268 |
| Total liabilities | $80,751,943 |
| Net assets without donor restrictions | $240,257,380 |
| Net assets with donor restrictions | $15,056,770 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $336,066,093 |
Grants Awarded
Over the last fiscal year, Big Ten Conference Inc has awarded $812,503,337 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: To support the missions of member institutions | $58,849,022 |
UNIVERSITY OF IOWA PURPOSE: To support the missions of member institutions | $58,849,022 |
INDIANA UNIVERSITY PURPOSE: To support the missions of member institutions | $58,849,022 |
UNIVERSITY OF MARYLAND-COLLEGE PARK PURPOSE: To support the missions of member institutions | $54,589,549 |
UNIVERSITY OF MICHIGAN PURPOSE: To support the missions of member institutions | $58,909,022 |
MICHIGAN STATE UNIVERSITY PURPOSE: To support the missions of member institutions | $58,849,022 |