Big East Conference Inc
- Assets
- $25.4m
- Revenue
- $59.7m
- Investments
- $0.0
- Employees
- 24
- Location
- New York, NY
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 90-0955035
Organization Overview
Big East Conference Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Big East Conference Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big East 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 06/2021, Big East Conference Inc generated $59.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $55.5m during the year ending 06/2021. While expenses have increased by 3.6% 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 East Conference Inc has awarded 81 individual grants totaling $309,304,618. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CONFERENCE IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ASSIST ITS MEMBERS IN THE ADMINISTRATION OF INTERCOLLEGIATE ATHLETICS PROGRAMS IN ACCORDANCE WITH THE HIGHEST STANDARDS OF EDUCATION, SPORTSMANSHIP AND HEALTHY ATHLETIC COMPETITION COMPATIBLE WITH RESOURCE ALLOCATION WHILE ALLOWING A DEGREE OF INSTITUTIONAL FLEXIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ITS MEMBERS WITH A JOINTLY GOVERNED BODY FOR SPONSORING, SUPERVISING AND REGULATING INTERCOLLEGIATE ATHLETICS AS A CONFERENCE MEMBER OF THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION "NCAA", IN ACCORDANCE WITH THE PRINCIPLES, POLICIES, CONSTITUTION AND BYLAWS OF THE NCAA; TO ASSIST ITS MEMBERS IN FUNDING AND PROMOTING THEIR INTERCOLLEGIATE ATHLETICS PROGRAMS; ENHANCE THE OPPORTUNITIES FOR PARTICIPATION IN, AND THE LEVEL OF COMPETITION OF, MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETICS ON AN EQUITABLE BASIS; EFFECTUATE SUCH OTHER OR ADDITIONAL PURPOSES AS MAY, FROM TIME TO TIME, BE ADOPTED BY THE CONFERENCE; AND TAKE ANY AND ALL ACTIONS NECESSARY TO EFFECTUATE THE ABOVE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie B Ackerman Commissioner, President | OfficerTrustee | 35 | $1,459,616 |
Vincent Nicastro Deputy Commissioner | OfficerTrustee | 35 | $438,768 |
Stuart Jackson Sr. Assoc Comm. | 35 | $335,542 | |
Nicole Early Sr. Associate Commissioner, Marketing | 35 | $190,325 | |
Richard Gentile Sr. Assoc Comm. | 35 | $179,501 | |
Katie Willett Associate Commissioner | 35 | $172,167 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Durst Organization Lp Rental Of Office Space | 6/29/21 | $863,218 |
Rush Media Company Llc Production Company | 6/29/21 | $580,053 |
John Cahill Officiating Coordinator | 6/29/21 | $200,000 |
Mako Medical Laboratories Llc Health Care | 6/29/21 | $140,760 |
Proskauer Rose Llp Legal Services | 6/29/21 | $116,291 |
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 | $59,149,091 |
| Investment income | $263,176 |
| 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 | $59,716,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,098,737 |
| 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. | $2,226,306 |
| Compensation of current officers, directors, key employees. | $859,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,265,160 |
| Pension plan accruals and contributions | $246,828 |
| Other employee benefits | $541,792 |
| Payroll taxes | $229,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $395,762 |
| Fees for services: Accounting | $62,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,385 |
| Advertising and promotion | $0 |
| Office expenses | $20,563 |
| Information technology | $68,785 |
| Royalties | $0 |
| Occupancy | $883,232 |
| Travel | $156,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,766 |
| Insurance | $166,847 |
| All other expenses | $918,211 |
| Total functional expenses | $55,548,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,982,057 |
| Savings and temporary cash investments | $2,134,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175,241 |
| 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 | $151,013 |
| Net Land, buildings, and equipment | $438,222 |
| Investments—publicly traded securities | $19,548,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,429,264 |
| Accounts payable and accrued expenses | $1,227,686 |
| 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 | $4,220,640 |
| Total liabilities | $5,448,326 |
| Net assets without donor restrictions | $19,677,002 |
| Net assets with donor restrictions | $303,936 |
| 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 | $25,429,264 |
Grants Awarded
Over the last fiscal year, Big East Conference Inc has awarded $39,098,737 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Villanova, PA PURPOSE: FUNDING FOR ATHLETIC PROGRAM | $4,544,265 |
Omaha, NE PURPOSE: FUNDING FOR ATHLETIC PROGRAM | $4,222,082 |
Washington, DC PURPOSE: FUNDING FOR ATHLETIC PROGRAM | $4,170,699 |
Milwaukee, WI PURPOSE: FUNDING FOR ATHLETIC PROGRAM | $3,415,136 |
South Orange, NJ PURPOSE: FUNDING FOR ATHLETIC PROGRAM | $3,305,210 |
Indianapolis, IN PURPOSE: FUNDING FOR ATHLETIC PROGRAM | $3,304,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Big East Conference Inc has recieved totaling $22,694,402.
| Awarding Organization | Amount |
|---|---|
National Collegiate Athletic Association Indianapolis, IN PURPOSE: Scholarships/Grants | $22,694,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |