Southeastern Conference
- Assets
- $541.2m
- Revenue
- $852.6m
- Investments
- $120.4m
- Employees
- 53
- Location
- Birmingham, AL
- Founding
- 09/1959
- Data as of
- 08/2023
- EIN
- 63-0377461
Organization Overview
Southeastern Conference is located in Birmingham, AL. The organization was established in 1959. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Southeastern Conference employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern 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 08/2023, Southeastern Conference generated $852.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $823.1m during the year ending 08/2023. While expenses have increased by 3.6% 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, Southeastern Conference has awarded 131 individual grants totaling $64,643,886. 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
TO PROMOTE AND ADMINISTER INTERCOLLEGIATE ATHLETIC COMPETITION AMONG ITS FOURTEEN MEMBER NON-PROFIT INSTITUTIONS OF HIGHER EDUCATION LOCATED IN THE SOUTHEASTERN UNITED STATES AND ASSIST MEMBER INSTITUTIONS IN THE MAINTENANCE OF PROGRAMS OF INTERCOLLEGIATE ATHLETICS WHICH ARE COMPATIBLE WITH THE HIGHEST STANDARDS OF EDUCATION AND COMPETITIVE SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF REVENUES RECEIVED FROM TELEVISION RIGHTS, TICKET SALES AND OTHER RECEIPTS RELATED TO REGULAR AND POST-SEASON FOOTBALL, BASKETBALL, BASEBALL, SOCCER AND GYMNASTIC COMPETITION.
GRANTS, SCHOLARSHIPS, FELLOWSHIPS TO SCHOLAR ATHLETES, MINORITY EMPLOYEES, MEMBER INSTITUTIONS TO PROMOTE DRUG EDUCATION, COMPLIANCE, HIGHER EDUCATION, NEEDY STUDENT ATHLETE ASSISTANCE, ETC.
EXPENSES INCURRED HOSTING SEC POST-SEASON TOURNAMENTS, CHAMPIONSHIPS AND ADVANCEMENT OF CONFERENCE TEAMS TO NATIONAL TOURNAMENTS AND CHAMPIONSHIPS. REVENUES ASSOCIATED WITH THESE EVENTS ARE INCLUDED IN ITEM 4A ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Eli Capilouto Director (univ. Of Ky | Trustee | 1 | $0 |
Jere W Morehead Pres/director (univ. Of Ge | OfficerTrustee | 1 | $0 |
Dr Stuart Bell Vp/director (univ. Of Al) | OfficerTrustee | 1 | $0 |
Dr Kent Fuchs Director (univ. Of Fl) | Trustee | 1 | $0 |
Dr Glenn Boyce Director (univ. Of Miss.) | Trustee | 1 | $0 |
Dr Mark Keenum Director (mississippi St.) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robinson Bradshaw & Hinson Pa Legal | 8/30/23 | $2,043,265 |
Trg Consulting | 8/30/23 | $1,686,965 |
Evolution Media Capital Llc Consulting | 8/30/23 | $900,000 |
Akin Gump Legal | 8/30/23 | $673,149 |
Creative Links Consulting | 8/30/23 | $255,749 |
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 | $9,586,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,586,301 |
| Total Program Service Revenue | $818,466,173 |
| Investment income | $12,140,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,871,941 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,512,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,577,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,117,335 |
| Grants and other assistance to domestic individuals. | $787,552 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $717,971,102 |
| Compensation of current officers, directors, key employees. | $3,850,000 |
| Compensation of current officers, directors, key employees. | $3,850,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,046,953 |
| Pension plan accruals and contributions | $882,063 |
| Other employee benefits | $973,942 |
| Payroll taxes | $1,054,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,810,467 |
| Fees for services: Accounting | $81,039 |
| Fees for services: Lobbying | $849,509 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,580,505 |
| Advertising and promotion | $2,535,931 |
| Office expenses | $348,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,116,214 |
| Travel | $907,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,507,081 |
| Interest | $20,958,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $984,049 |
| All other expenses | $58,296 |
| Total functional expenses | $823,147,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,788,125 |
| Savings and temporary cash investments | $365,702,131 |
| 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 | $10,527,927 |
| Investments—other securities | $120,358,065 |
| Investments—program-related | $4,775,487 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $541,151,735 |
| Accounts payable and accrued expenses | $0 |
| 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 | $350,000,000 |
| Total liabilities | $350,000,000 |
| Net assets without donor restrictions | $0 |
| 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 | $191,151,735 |
| Total liabilities and net assets/fund balances | $541,151,735 |
Grants Awarded
Over the last fiscal year, Southeastern Conference has awarded $8,117,335 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: NCAA ASSISTANCE | $587,559 |
UNIVERSITY OF ARKANSAS PURPOSE: NCAA ASSISTANCE | $569,242 |
AUBURN UNIVERSITY PURPOSE: NCAA ASSISTANCE | $583,343 |
UNIVERSITY OF FLORIDA PURPOSE: NCAA ASSISTANCE | $595,134 |
UNIVERSITY OF GEORGIA PURPOSE: NCAA ASSISTANCE | $584,240 |
UNIVERSITY OF KENTUCKY PURPOSE: NCAA ASSISTANCE | $582,275 |