Central Intercollegiate Athletic Assn
- Assets
- $2.2m
- Revenue
- $6.3m
- Investments
- $192.6k
- Employees
- 13
- Location
- Charlotte, NC
- Founding
- 06/1953
- Data as of
- 06/2023
- EIN
- 54-0698623
Organization Overview
Central Intercollegiate Athletic Assn is located in Charlotte, NC. The organization was established in 1953. 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 06/2023, Central Intercollegiate Athletic Assn employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Intercollegiate Athletic Assn 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 06/2023, Central Intercollegiate Athletic Assn generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.3m during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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, Central Intercollegiate Athletic Assn has awarded 121 individual grants totaling $9,591,753. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTERCOLLEGIATE ATHLETICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES EQUAL INTERCOLLEGIATE ATHLETIC OPPORTUNITIES FOR MEN AND WOMEN AND SERVICES TO ASSIST MEMBER INSTITUTIONS IN MAINTAINING THE INTEGRITY OF THEIR ATHLETIC PROGRAMS THROUGH THE ENFORCEMENT OF NCAA POLICIES AND CONFERENCE REGULATIONS. THE ASSOCIATION CONSISTS OF TWELVE MEMBER INSTITUTIONS SPANNING THE EAST COAST FROM MARYLAND TO NORTH CAROLINA, ALL OF WHICH ARE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE ASSOCIATION HOLDS ONE OF THE LARGEST BASKETBALL TOURNAMENTS IN THE COUNTRY, WHICH IS ITS MAJOR ACTIVITY. REVENUES TO NOT INCLUDE $932,100 IN ARENA RENTAL COSTS PAID DIRECTLY BY A DONOR AND REPORTED AS CONTRIBUTIONS ON LINE 1 OF PART VIII.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Aminta Breaux President, Bowie State Uni | Trustee | 2 | $0 |
Dr Karrie Dixon Chancellor, Elizabeth City | Trustee | 2 | $0 |
Dr Darrell Allison Chancellor, Fayetteville S | Trustee | 2 | $0 |
Dr Clarence D Armbrister President, Johnson C Smith | Trustee | 2 | $0 |
Dr Anthony J Davis President, Livingstone Col | Trustee | 2 | $0 |
Dr J Christine Mcphail President, Saint Augustine | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liquid Soul Media Llc Marketing | 6/29/23 | $292,500 |
Earthquake Productions Video Production | 6/29/23 | $145,900 |
Ovations Food Services Of Maryland Llc Food And Beverage | 6/29/23 | $138,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $493,092 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,286,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $524,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,303,903 |
| Total Program Service Revenue | $2,785,529 |
| Investment income | $1,856 |
| 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 | $6,337,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $507,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $904,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,931 |
| Payroll taxes | $59,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,889 |
| Fees for services: Accounting | $20,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,253 |
| Advertising and promotion | $25,188 |
| Office expenses | $68,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,115 |
| Travel | $436,560 |
| 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 | $17,431 |
| Insurance | $54,980 |
| All other expenses | $93,757 |
| Total functional expenses | $6,277,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $993,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $73,205 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,455 |
| Net Land, buildings, and equipment | $56,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $192,644 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,639 |
| Total assets | $2,176,799 |
| Accounts payable and accrued expenses | $232,985 |
| Grants payable | $602,156 |
| 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 | $350,990 |
| Total liabilities | $1,186,131 |
| Net assets without donor restrictions | $990,668 |
| 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 | $2,176,799 |
Grants Awarded
Over the last fiscal year, Central Intercollegiate Athletic Assn has awarded $487,001 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOWIE STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $43,493 |
SAINT AUGUSTINE'S UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $41,082 |
JOHNSON C SMITH UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $45,224 |
VIRGINIA STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $45,224 |
ELIZABETH CITY STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $35,801 |
LIVINGSTONE COLLEGE PURPOSE: SCHOLARSHIP FUNDS | $45,224 |