Atlantic Coast Conference
- Assets
- $246.4m
- Revenue
- $617.0m
- Investments
- $0.0
- Employees
- 54
- Location
- Greensboro, NC
- Founding
- 06/1955
- Data as of
- 06/2022
- EIN
- 56-0599082
Organization Overview
Atlantic Coast Conference is located in Greensboro, NC. The organization was established in 1955. 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, Atlantic Coast Conference employed 54 individuals. This organization is the central organization for a national or regional group of organizations. Atlantic Coast Conference 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, Atlantic Coast Conference generated $617.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $606.9m during the year ending 06/2022. While expenses have increased by 7.2% 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, Atlantic Coast Conference has awarded 135 individual grants totaling $3,871,829,850. 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 ATLANTIC COAST CONFERENCE, THROUGH ITS MEMBER INSTITUTIONS, SEEKS TO MAXIMIZE THE EDUCATIONAL AND ATHLETIC OPPORTUNITIES OF ITS STUDENT-ATHLETES WHILE ENRICHING THEIR QUALITY OF LIFE. IT STRIVES TO DO SO BY AFFORDING INDIVIDUALS EQUITABLE OPPORTUNITY TO PURSUE ACADEMIC EXCELLENCE AND COMPETE SUCCESSFULLY AT THE HIGHEST LEVEL OF INTERCOLLEGIATE ATHLETICS COMPETITION IN A BROAD SPECTRUM OF SPORTS AND CHAMPIONSHIPS. THE CONFERENCE WILL PROVIDE LEADERSHIP IN ATTAINING THESE GOALS, BY PROMOTING DIVERSITY AND MUTUAL TRUST AMONG ITS MEMBER INSTITUTIONS, IN A SPIRIT OF FAIRNESS FOR ALL. IT STRONGLY ADHERES TO THE PRINCIPLES OF INTEGRITY AND SPORTSMANSHIP, AND SUPPORTS THE TOTAL DEVELOPMENT OF THE STUDENT-ATHLETE AND EACH MEMBER INSTITUTION'S ATHLETICS DEPARTMENTAL STAFF, WITH THE INTENT OF PRODUCING ENLIGHTENED LEADERSHIP FOR TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONFERENCE EXISTS TO PROMOTE AND REGULATE INTER-COLLEGIATE ATHLETIC PROGRAMS FOR AND AMONG FIFTEEN MEMBER INSTITUTIONS, ALL OF WHICH ARE NON-PROFIT EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent D Syverud Director | Trustee | 2 | $0 |
Randy Woodson Director | Trustee | 2 | $0 |
Lori Stewart Gonzalez Director | Trustee | 2 | $0 |
Timothy D Sands Director | Trustee | 2 | $0 |
Angel Cabrera Director | Trustee | 2 | $0 |
Kevin Guskiewicz Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fox Rothschild Llp Legal Services | 6/29/22 | $2,190,830 |
Safesite Llc Health & Safety | 6/29/22 | $1,799,900 |
Dvsport Inc Video & Replay | 6/29/22 | $927,934 |
Mako Medical Laboratories Health & Safety | 6/29/22 | $614,054 |
Dla Piper Llp Legal Services | 6/29/22 | $593,349 |
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 | $303,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,936 |
| Total Program Service Revenue | $615,989,997 |
| Investment income | $593,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,986,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $569,671,902 |
| Grants and other assistance to domestic individuals. | $70,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,210,146 |
| Compensation of current officers, directors, key employees. | $6,210,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,955,624 |
| Pension plan accruals and contributions | $569,695 |
| Other employee benefits | $1,502,623 |
| Payroll taxes | $386,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,129,156 |
| Fees for services: Accounting | $99,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,496 |
| Fees for services: Other | $0 |
| Advertising and promotion | $262,673 |
| Office expenses | $29,518 |
| Information technology | $379,800 |
| Royalties | $0 |
| Occupancy | $176,674 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,153,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,012 |
| Insurance | $1,302,693 |
| All other expenses | $2,114,796 |
| Total functional expenses | $606,933,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,742,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,473,915 |
| 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 | $4,388,685 |
| Investments—publicly traded securities | $61,836,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,441,722 |
| Accounts payable and accrued expenses | $194,627,680 |
| Grants payable | $0 |
| 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 | $194,627,680 |
| Net assets without donor restrictions | $51,814,042 |
| 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 | $246,441,722 |
Grants Awarded
Over the last fiscal year, Atlantic Coast Conference has awarded $569,671,900 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: ALLOCATION OF GENERAL SUPPORT | $39,418,253 |
CLEMSON UNIVERSITY PURPOSE: ALLOCATION OF GENERAL SUPPORT | $39,674,290 |
DUKE UNIVERSITY PURPOSE: ALLOCATION OF GENERAL SUPPORT | $38,831,515 |
FLORIDA STATE UNIVERSITY PURPOSE: ALLOCATION OF GENERAL SUPPORT | $38,611,587 |
GEORGIA INSTITUTE OF TECH PURPOSE: ALLOCATION OF GENERAL SUPPORT | $37,961,705 |
UNIVERSITY OF MIAMI PURPOSE: ALLOCATION OF GENERAL SUPPORT | $38,910,176 |