The Big 12 Conference Inc
- Assets
- $72.7m
- Revenue
- $480.6m
- Investments
- $2.0
- Employees
- 33
- Location
- Irving, TX
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 75-2604555
Organization Overview
The Big 12 Conference Inc is located in Irving, TX. The organization was established in 1996. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Big 12 Conference Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big 12 Conference 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 06/2022, Big 12 Conference Inc generated $480.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $460.8m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 6 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, Big 12 Conference Inc has awarded 70 individual grants totaling $2,488,880,767. 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 MISSION OF THE CONFERENCE IS TO: ADVANCE STANDARDS OF SCHOLARSHIP, SPORTSMANSHIP AND EQUITY WITH THE HIGHEST IDEALS OF CONFERENCE MEMBERSHIP; SUPPORT THE DEVELOPMENT OF NATIONAL-CHAMPIONSHIP CALIBER INTERCOLLEGIATE ATHELTIC PROGRAMS; ORGANIZE, PROMOTE AND ADMINISTER INTERCOLLEGIATE ATHLETICS AMONG ITS MEMBER INSTITUTIONS; OPTIMIZE REVENUES AND PROVIDE SUPPORTING SERVICES COMPATIBLE WITH BOTH ACADEMIC AND COMPETITIVE EXCELLENCE; AND ENCOURAGE COLLABORATION IN AREAS BEYOND ATHLETICS THAT BUILDS GOOD-WILL BETWEEN INSTITUTIONS AND PROMOTES THE OVERALL MISSIONS OF THE UNIVERSITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONFERENCE COLLECTS REVENUE ON BEHALF OF THE MEMBER SCHOOLS FROM FOOTBALL AND BASKETBALL TELEVISION CONTRACTS, BOWL GAMES, FOOTBALL CHAMPIONSHIP GAME, AND BASKETBALL TOURNAMENTS, AS WELL AS GRANTS FROM THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) AND REMITS THE REVENUE TO THE MEMBER SCHOOL'S ATHLETIC DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burns Hargis President/director | Trustee | 1 | $0 |
Doug Girod Chancellor/director | Trustee | 1 | $0 |
Gordon Gee President/director | Trustee | 1 | $0 |
Joseph Harroz President/director | Trustee | 1 | $0 |
Lawrence Schovanec President/director | Trustee | 1 | $0 |
Linda Livingstone President/director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Polsinelli Shugart Pc Legal Services | 6/29/22 | $2,846,443 |
Ldww Group Marketing & Communication Public Relation | 6/29/22 | $1,171,647 |
Bevilacqua Helfant Ventures Llc Consultant | 6/29/22 | $280,000 |
Jett Moxie Llc Charter Service | 6/29/22 | $184,472 |
Kit Bond Strategies Consultant | 6/29/22 | $145,000 |
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 | $305,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,552 |
| Total Program Service Revenue | $474,026,804 |
| Investment income | $261,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $554,799 |
| 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 | $480,595,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $435,989,053 |
| Grants and other assistance to domestic individuals. | $217,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,618,757 |
| Compensation of current officers, directors, key employees. | $4,618,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,266,074 |
| Pension plan accruals and contributions | $396,710 |
| Other employee benefits | $1,087,741 |
| Payroll taxes | $313,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,970,407 |
| Fees for services: Accounting | $33,590 |
| Fees for services: Lobbying | $204,900 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,868,232 |
| Advertising and promotion | $448,519 |
| Office expenses | $365,638 |
| Information technology | $274,318 |
| Royalties | $0 |
| Occupancy | $212,000 |
| Travel | $464,295 |
| 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 | $199,220 |
| Insurance | $819,016 |
| All other expenses | $0 |
| Total functional expenses | $460,822,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,711,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,653,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,069,922 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,158,210 |
| Net Land, buildings, and equipment | $2,141,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2 |
| Investments—program-related | $0 |
| Intangible assets | $3,461 |
| Other assets | $0 |
| Total assets | $72,738,029 |
| Accounts payable and accrued expenses | $12,196,698 |
| 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 | $25,384,609 |
| Total liabilities | $37,581,307 |
| Net assets without donor restrictions | $34,851,170 |
| Net assets with donor restrictions | $305,552 |
| 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 | $72,738,029 |
Grants Awarded
Over the last fiscal year, The Big 12 Conference Inc has awarded $435,989,053 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR UNIVERSITY PURPOSE: ANNUAL DISTRIBUTION | $44,754,912 |
IOWA STATE PURPOSE: ANNUAL DISTRIBUTION | $44,055,452 |
KANSAS STATE UNIVERSITY PURPOSE: ANNUAL DISTRIBUTION | $43,539,763 |
KANSAS ATHLETICS INC PURPOSE: ANNUAL DISTRIBUTION | $42,168,760 |
OKLAHOMA STATE UNIVERSITY PURPOSE: ANNUAL DISTRIBUTION | $44,855,131 |
UNIVERSITY OF TEXAS PURPOSE: ANNUAL DISTRIBUTION | $42,592,103 |