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Nonprofiteer
← IPTAY

Form 990 for tax year 2023

Filed by IPTAY.

Totals

Total revenue
$78,478,196
Total expenses
$84,457,995
Contributions and grants received
$65,700
Grants paid
$73,945,652
Program service revenue
$76,416,660
Investment income
$1,995,836
Other revenue
$0
Total assets, end of year
$154,456,857
Total liabilities, end of year
$8,603,897
Net assets or fund balances, end of year
$145,852,960
Program services expenses (Part IX)
$73,945,652
Management and general expenses
$10,512,343
Fundraising expenses
$0
Program service expenses (Part III)
$73,945,652

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $65,700

  • 2a · Program service revenue: PROGRAMMATIC SUPPORT

    total $76,416,660 · related or exempt $76,416,660

  • 3 · Investment income

    total $1,135,809 · excluded $1,135,809

  • 7a · Gross sales of assets other than inventory

    securities $28,485,876

  • 7b · Less cost or other basis and sales expenses

    securities $27,625,849

  • 7c · Gain or loss

    securities $860,027

  • 7d · Net gain or loss

    total $860,027 · excluded $860,027

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $73,945,652 · program services $73,945,652

  • 5 · Compensation of officers, directors and key employees

    total $135,394 · management and general $135,394

  • 7 · Other salaries and wages

    total $3,069,427 · management and general $3,069,427

  • 8 · Pension plan contributions

    total $236,971 · management and general $236,971

  • 9 · Other employee benefits

    total $404,646 · management and general $404,646

  • 10 · Payroll taxes

    total $228,565 · management and general $228,565

  • 11b · Fees: legal

    total $3,340,419 · management and general $3,340,419

  • 11c · Fees: accounting

    total $26,712 · management and general $26,712

  • 11f · Fees: investment management

    total $583,813 · management and general $583,813

  • 11g · Fees: other

    total $710,927 · management and general $710,927

  • 12 · Advertising and promotion

    total $57,340 · management and general $57,340

  • 13 · Office expenses

    total $94,791 · management and general $94,791

  • 14 · Information technology

    total $3,152 · management and general $3,152

  • 17 · Travel

    total $123,633 · management and general $123,633

  • 19 · Conferences, conventions and meetings

    total $291,366 · management and general $291,366

  • 20 · Interest

    total $33,750 · management and general $33,750

  • 23 · Insurance

    total $20,497 · management and general $20,497

  • 24a · Other expenses: CREDIT CARD FEES

    total $1,036,054 · management and general $1,036,054

  • 24b · Other expenses: PRIZES & AWARDS

    total $108,636 · management and general $108,636

  • 24e · All other expenses

    total $6,250 · management and general $6,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,113,738 · end of year $13,299,691

  • 2 · Savings and temporary cash investments

    beginning of year $11,324,164 · end of year $15,605,041

  • 3 · Pledges and grants receivable

    beginning of year $76,752,122 · end of year $81,257,455

  • 4 · Accounts receivable

    beginning of year $356,024 · end of year $464,979

  • 11 · Investments: publicly traded securities

    beginning of year $43,333,280 · end of year $34,542,491

  • 12 · Investments: other securities

    beginning of year $12,350,431 · end of year $8,458,920

  • 15 · Other assets

    beginning of year $777,549 · end of year $828,280

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,314,524 · end of year $613,872

  • 24 · Unsecured notes and loans payable

    beginning of year $2,500,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,956,972 · end of year $7,990,025

  • 27 · Net assets without donor restrictions

    beginning of year $52,488,119 · end of year $43,083,829

  • 28 · Net assets with donor restrictions

    beginning of year $94,747,693 · end of year $102,769,131

Mission and programs · 2023

Mission

SUPPORT OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS

  • IPTAY SPONSORS ANNUAL COSTS FOR ATHLETIC SCHOLARSHIPS AND, TO THE EXTENT POSSIBLE, OTHER EXPENSES OF THE CLEMSON UNIVERSITY ATHLETIC PROGRAM THAT ARE APPROVED BY THE IPTAY BOARD OF DIRECTORS. IPTAY WAS CREATED TO PROVIDE SUPPORT TO CLEMSON UNIVERSITY'S ATHLETIC PROGRAMS.

    Expenses $73,945,652 · Grants $73,945,652 · Revenue $76,416,660

As filed on the 2023 return.

Listed in Part VII

  • Billy Milam

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rett Rutland

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Ben Griffith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Crapps

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Anne Bigger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bobby Conrad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Duckworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Faircloth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Garrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Antonis Katsiyannis

    DIRECTOR

    Total calculated
    $280,069
    From this org
    $0
    From related orgs
    $219,055
    Other
    $61,014
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,664 related
    Bonus
    $0
    Other
    $0 + $55,391 related
    Deferred
    $0 + $53,656 related
    Nontaxable benefits
    $0 + $7,358 related
    Filer's total
    $0 + $280,069 related

  • Nicky McCarter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jk McKenzie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Peeler

    DIRECTOR TO 10/2023

    Total calculated
    $0
    Hours/week
    1

  • Bob Riggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eddie Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Smith

    DIRECTOR FROM 11/2023

    Total calculated
    $0
    Hours/week
    1

  • Ron Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robin Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Witty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Wright Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Clements

    DIRECTOR, PRESIDENT CLEMSON UNIV.

    Total calculated
    $453,375
    From this org
    $0
    From related orgs
    $357,162
    Other
    $96,213
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,927 related
    Bonus
    $0
    Other
    $0 + $42,235 related
    Deferred
    $0 + $78,237 related
    Nontaxable benefits
    $0 + $17,976 related
    Filer's total
    $0 + $453,375 related

  • Davis Babb

    CEO

    Total calculated
    $553,471
    From this org
    $0
    From related orgs
    $456,909
    Other
    $96,562
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $325,610 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $81,299 related
    Deferred
    $0 + $80,388 related
    Nontaxable benefits
    $0 + $16,174 related
    Filer's total
    $0 + $553,471 related

  • Bradley S Brown

    COO

    Total calculated
    $253,954
    From this org
    $216,776
    From related orgs
    $0
    Other
    $37,178
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $180,566
    Bonus
    $27,000
    Other
    $9,210
    Deferred
    $9,289
    Nontaxable benefits
    $27,889
    Filer's total
    $253,954

  • Graham R Neff

    ATHLETIC DIRECTOR

    Total calculated
    $950,416
    From this org
    $0
    From related orgs
    $915,420
    Other
    $34,996
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,378 related
    Bonus
    $0 + $110,000 related
    Other
    $0 + $481,042 related
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $20,496 related
    Filer's total
    $0 + $950,416 related

  • Bryan Wesley Cribb

    ASSOC DIR IPTAY OPERATIONS

    Total calculated
    $176,051
    From this org
    $160,339
    From related orgs
    $0
    Other
    $15,712
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $131,921
    Bonus
    $19,500
    Other
    $8,918
    Deferred
    $6,708
    Nontaxable benefits
    $9,004
    Filer's total
    $176,051

  • Aaron D Dunham

    SR. ASSOC DIR. MAJOR GIFTS

    Total calculated
    $299,770
    From this org
    $260,858
    From related orgs
    $0
    Other
    $38,912
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $211,398
    Bonus
    $39,900
    Other
    $9,560
    Deferred
    $10,885
    Nontaxable benefits
    $28,027
    Filer's total
    $299,770

  • Travis T Furbee

    SR. ASSOC DIR ANNUAL FUND

    Total calculated
    $312,565
    From this org
    $273,135
    From related orgs
    $0
    Other
    $39,430
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $221,698
    Bonus
    $41,800
    Other
    $9,637
    Deferred
    $11,403
    Nontaxable benefits
    $28,027
    Filer's total
    $312,565

  • Laurin R Gaulin

    ASSOC DIR MAJOR GIFTS

    Total calculated
    $150,685
    From this org
    $136,202
    From related orgs
    $0
    Other
    $14,483
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $107,259
    Bonus
    $19,950
    Other
    $8,993
    Deferred
    $5,479
    Nontaxable benefits
    $9,004
    Filer's total
    $150,685

  • Kyle R Shields

    DIR OF PREMIUM SEATING

    Total calculated
    $192,404
    From this org
    $134,574
    From related orgs
    $23,079
    Other
    $34,751
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $99,367 + $22,344 related
    Bonus
    $25,140
    Other
    $10,067 + $735 related
    Deferred
    $5,251 + $971 related
    Nontaxable benefits
    $28,518 + $11 related
    Filer's total
    $168,343 + $24,061 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CLEMSON UNIVERSITY

    $73,945,652

    ATHLETIC OPERATIONS, DEBT SERVICE, AND OTHER ATHLETIC SUPPORT, INCLUDING REIMBURSEMENT FOR PERSONNEL SUPPORTING IPTAY OPERATIONS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CLEMSON UNIVERSITY

    170(C)(1) · RESEARCH UNIVERSITY · SC

Provenance

Return type
form_990
Tax year
2023
Filed
23 April 2025
IRS schema version
2023v6.0
Source object
202521189349301662

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