The Summit League Inc
- Assets
- $12.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Sioux Falls, SD
- Founding
- 10/1983
- Data as of
- 06/2021
- EIN
- 39-1417116
Organization Overview
The Summit League Inc is located in Sioux Falls, SD. The organization was established in 1983. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Summit League Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit League 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 06/2021, Summit League Inc generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SUMMIT LEAGUE (THE ORGANIZATION) IS AN INTERCOLLEGIATE ATHLETIC CONFERENCE THAT PROVIDES ACADEMIC SUPPORT TO STUDENT ATHLETES OF MEMBER INSTITUIONS WHILE CREATING A HIGHLY COMPETITIVE ATHLETIC ENVIRONMENT TO PROVIDE POTENTIAL FUTURE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUMMIT LEAGUE WAS ORGANIZED TO MAINTAIN AND ADMINISTER A NOT FOR PROFIT CONFERENCE OF UNIVERSITIES PARTICIPATING IN COLLEGE SPORTS AND EDUCATION. THE CONFERENCE ALSO PROVIDES DRUG EDUCATION, TRAINING AND AWARENESS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myndee Kay Larsen Deputy Commi | Officer | 40 | $202,589 |
Thomas Douple Commissioner | Officer | 40 | $200,301 |
Dr Jeffrey Gold Chairperson | OfficerTrustee | 2 | $0 |
C Mauli Agrawal Director | Trustee | 2 | $0 |
Dr Andrew Armacost Director | Trustee | 2 | $0 |
Dr Dean Bresciani Director | Trustee | 2 | $0 |
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 | $210,051 |
| Noncash contributions included in lines 1a–1f | $75,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,051 |
| Total Program Service Revenue | $5,421,177 |
| Investment income | $31,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,663,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $402,890 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $278,805 |
| Payroll taxes | $57,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $23,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,699,606 |
| Advertising and promotion | $4,722 |
| Office expenses | $35,630 |
| Information technology | $4,450 |
| Royalties | $0 |
| Occupancy | $109,068 |
| Travel | $8,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,336 |
| Insurance | $26,913 |
| All other expenses | $103,675 |
| Total functional expenses | $6,944,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,974,946 |
| Savings and temporary cash investments | $5,562,783 |
| Pledges and grants receivable | $3,358,302 |
| Accounts receivable, net | $501,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,416,599 |
| Accounts payable and accrued expenses | $24,715 |
| Grants payable | $9,232,418 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,257,133 |
| Net assets without donor restrictions | -$198,836 |
| Net assets with donor restrictions | $3,358,302 |
| 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 | $12,416,599 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Summit League Inc has recieved totaling $1,640,000.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: PROGRAM SUPPORT,SCHOLARSHIP ENDOWMENT,ECONOMIC DEVELOPMENT | $1,640,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Omaha Country Club 69th & Country Club Rd Omaha, NE | $11,379,743 | $7,369,718 |
Country Club Of Lincoln Lincoln, NE | $12,769,370 | $8,261,507 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |