The Summit League Inc
- Assets
- $10.8m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Sioux Falls, SD
- Founding
- 10/1983
- Data as of
- 06/2024
- 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 06/2024, Summit League Inc employed 13 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 06/2024, Summit League Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.2m during the year ending 06/2024. While expenses have increased by 3.4% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
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 ADMINSITER A NOT FOR PROFIT CONFERENCE OF UNIVERSITIES PARTICIPATING IN NCAA DIVISION 1 SPORTS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Fenton Commissioner | OfficerTrustee | 40 | $383,780 |
Myndee Kay Larsen Deputy Commi | Officer | 40 | $207,663 |
Dr Mauli Agrawal Director | Trustee | 2 | $0 |
Dr Andrew Armacost Vice Chairpe | Trustee | 2 | $0 |
Dr David Cook Director | Trustee | 2 | $0 |
Dr Barry Dunn 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 | $187,900 |
| Noncash contributions included in lines 1a–1f | $187,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,900 |
| Total Program Service Revenue | $8,444,403 |
| Investment income | $392,452 |
| 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 | $9,024,755 |
| 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. | $452,004 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $787,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $315,241 |
| Payroll taxes | $74,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,321,993 |
| Advertising and promotion | $159,172 |
| Office expenses | $81,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,819 |
| Travel | $31,019 |
| 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 | $1,715 |
| Insurance | $84,746 |
| All other expenses | $148,433 |
| Total functional expenses | $8,178,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,383,378 |
| Savings and temporary cash investments | $3,568,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $5,878,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,830,425 |
| Accounts payable and accrued expenses | $42,212 |
| Grants payable | $5,883,782 |
| 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 | $5,925,994 |
| Net assets without donor restrictions | $4,904,431 |
| Net assets with donor restrictions | $0 |
| 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 | $10,830,425 |