K State Athletics Inc
- Assets
- $295.8m
- Revenue
- $83.9m
- Investments
- $0.0
- Employees
- 611
- Location
- Manhattan, KS
- Founding
- 05/2016
- Data as of
- 06/2015
- EIN
- 48-6098838
Organization Overview
K State Athletics Inc is located in Manhattan, KS. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, K State Athletics Inc employed 611 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K State Athletics Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS IS TO PROVIDE AN ENVIRONMENT THAT SUPPORTS KANSAS STATE UNIVERSITY, THE ACADEMIC PROGRESS AND GENERAL WELFARE OF STUDENT-ATHLETES, AND ALLOWS THEM TO COMPETE AT THE HIGHEST LEVEL WITHIN AVAILABLE RESOURCES. THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS EMBRACES THE GUIDELINES AND PRINCIPLES ESTABLISHED BY THE BIG 12 CONFERENCE AND NCAA, WHICH PROMOTE THE PRINCIPLES OF SPORTSMANSHIP, LEADERSHIP AND ETHICAL CONDUCT. THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS IS COMMITTED TO PROVIDING FAIR AND EQUITABLE TREATMENT FOR ALL STUDENT-ATHLETES.
Describe the Organization's Program Activity:
SUPPORT AND PROMOTION OF A MODEL INTERCOLLEGIATE ATHLETICS PROGRAM PROVIDING A WORLD-CLASS STUDENT ATHLETE EXPERIENCE, CHAMPIONSHIP-LEVEL PERFORMANCES, AND THE BEST FAN EXPERIENCE IN THE BIG 12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Weber Mbkball | Officer | 40 | $2,000,193 |
Bill Snyder Fball Coach | Officer | 40 | $1,817,945 |
Debra L Patterson Wbkball Coac | Officer | 40 | $511,515 |
Dana Dimel Fball Asst | 40 | $428,148 | |
Thomas Hayes Asst Fball C | 40 | $428,147 | |
Delbert Miller Fball Asst | 40 | $426,098 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssm Inc Consulting | 6/29/15 | $1,046,948 |
First Data Services Contracted Svcs | 6/29/15 | $427,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,679,827 |
| Investment income | $1,006,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,150,668 |
| Net Rental Income | $44,349 |
| Net Gain/Loss on Asset Sales | -$7,408,879 |
| Net Income from Fundraising Events | -$40,701 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,903,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,824,046 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,461,541 |
| Pension plan accruals and contributions | $1,071,651 |
| Other employee benefits | $1,657,675 |
| Payroll taxes | $1,030,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,620 |
| Fees for services: Accounting | $91,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,664 |
| Fees for services: Other | $18,285 |
| Advertising and promotion | $358,491 |
| Office expenses | $676,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,245,098 |
| Travel | $4,724,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,257,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,009,566 |
| Insurance | $956,721 |
| All other expenses | $0 |
| Total functional expenses | $70,203,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,112 |
| Savings and temporary cash investments | $39,087,626 |
| Pledges and grants receivable | $23,389,693 |
| Accounts receivable, net | $188,593 |
| 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 | $118,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,642,801 |
| Intangible assets | $0 |
| Other assets | $3,754,714 |
| Total assets | $295,810,411 |
| Accounts payable and accrued expenses | $12,490,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $54,835,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,695,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,726,605 |
| Total liabilities | $103,747,488 |
| Net assets without donor restrictions | $170,308,340 |
| Net assets with donor restrictions | $6,955,115 |
| Capital stock or trust principal, or current funds | $14,799,468 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $192,062,923 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that K State Athletics Inc has recieved totaling $381,270.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $300,000 |
Alumni Association Of Kansas State University Manhattan, KS PURPOSE: PROGRAM OPERATIONS | $61,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $13,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,770 |
Endowment Analysis
| Beg. Balance | $17,348,266 |
| Earnings | -$410,492 |
| Net Contributions | $2,434,630 |
| Other Expense | $57,708 |
| Grants | $519,376 |
| Ending Balance | $18,795,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
K State Athletics Inc Manhattan, KS | $295,810,411 | $83,903,998 |
Waterstone Support Foundation Inc Colorado Springs, CO | $127,103,327 | $45,122,757 |
The Madonna Foundation Lincoln, NE | $19,167,597 | $7,128,390 |
1million Project Foundation Overland Park, KS | $8,054,178 | $5,845,168 |
Northeast Kansas Community Action Program Hiawatha, KS | $3,012,533 | $8,873,734 |
Gibbs Christian Education Foundation Inc Owasso, OK | $5,420,863 | $1,976,079 |
David And Molly Pyott Foundation Avon, CO | $9,634,209 | $3,719,915 |
Epicpromise Employee Foundation Broomfield, CO | $1,990,176 | $1,259,560 |
Nebraska Cultural Endowment Omaha, NE | $17,664,926 | $5,027,006 |
Coca Qalicb Inc Saint Louis, MO | $31,981,162 | $1,980,360 |
Pauls Valley General Hospital Foundation Pauls Valley, OK | $1,892,753 | $1,057,903 |
Nonprofit Connect Network Learn Grow Kansas City, MO | $2,501,951 | $1,465,132 |