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Nonprofiteer
← PAC-12 CONFERENCE

Form 990 for tax year 2024

Filed by PAC-12 CONFERENCE.

Totals

Total revenue
$111,523,130
Total expenses
$133,194,142
Contributions and grants received
$0
Grants paid
$58,522,466
Program service revenue
$111,233,723
Investment income
$289,407
Other revenue
$0
Total assets, end of year
$65,772,776
Total liabilities, end of year
$19,968,134
Net assets or fund balances, end of year
$45,804,642
Program services expenses (Part IX)
$110,590,582
Management and general expenses
$22,603,560
Fundraising expenses
$0
Program service expenses (Part III)
$110,590,582

Program services were 83.0% 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.

  • 2a · Program service revenue: POST SEASON BOWLS

    total $74,430,722 · related or exempt $74,430,722

  • 2b · Program service revenue: NCAA FUNDS/CONF. EVENT

    total $19,655,588 · related or exempt $19,655,588

  • 2c · Program service revenue: OTHER REVENUE

    total $10,184,831 · related or exempt $10,184,831

  • 2d · Program service revenue: PRODUCTION

    total $3,933,484 · unrelated business $3,933,484

  • 2e · Program service revenue: TELEVISION RIGHTS FEES

    total $3,029,098 · related or exempt $3,029,098

  • 3 · Investment income

    total $120,407 · excluded $120,407

  • 7a · Gross sales of assets other than inventory

    other assets $169,000

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

    other assets $0

  • 7c · Gain or loss

    other assets $169,000

  • 7d · Net gain or loss

    total $169,000 · excluded $169,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $58,522,466 · program services $58,522,466

  • 5 · Compensation of officers, directors and key employees

    total $3,168,850 · program services $650,616 · management and general $2,518,234

  • 7 · Other salaries and wages

    total $6,872,778 · program services $2,556,364 · management and general $4,316,414

  • 8 · Pension plan contributions

    total $745,642 · program services $314,427 · management and general $431,215

  • 9 · Other employee benefits

    total $1,237,033 · program services $380,203 · management and general $856,830

  • 10 · Payroll taxes

    total $574,677 · program services $155,627 · management and general $419,050

  • 11b · Fees: legal

    total $4,527,056 · program services $1,911,176 · management and general $2,615,880

  • 11c · Fees: accounting

    total $107,935 · management and general $107,935

  • 11g · Fees: other

    total $2,013,851 · program services $265,413 · management and general $1,748,438

  • 12 · Advertising and promotion

    total $334,327 · program services $1,199 · management and general $333,128

  • 13 · Office expenses

    total $1,052,057 · program services $6,769 · management and general $1,045,288

  • 14 · Information technology

    total $1,917,234 · program services $1,623,721 · management and general $293,513

  • 16 · Occupancy

    total $1,631,250 · program services $1,191,507 · management and general $439,743

  • 17 · Travel

    total $467,397 · program services $392,582 · management and general $74,815

  • 19 · Conferences, conventions and meetings

    total $49,252 · program services $49,252

  • 20 · Interest

    total $195,251 · management and general $195,251

  • 22 · Depreciation, depletion and amortization

    total $12,210,703 · program services $6,467,797 · management and general $5,742,906

  • 23 · Insurance

    total $1,315,202 · management and general $1,315,202

  • 24a · Other expenses: SPECIAL PROJECTS

    total $31,601,903 · program services $31,601,903

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $3,160,922 · program services $3,160,922

  • 24c · Other expenses: OFFICIATING

    total $829,219 · program services $829,219

  • 24e · All other expenses

    total $659,137 · program services $509,419 · management and general $149,718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,840,033 · end of year $22,946,597

  • 4 · Accounts receivable

    beginning of year $25,146,625 · end of year $1,279,051

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $11,259,902

  • 9 · Prepaid expenses and deferred charges

    beginning of year $421,008 · end of year $31,500

  • 10a · Land, buildings and equipment: cost or other basis

    $39,946,589

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,482,910

  • 10c · Land, buildings and equipment, net

    beginning of year $27,612,229 · end of year $21,463,679

  • 12 · Investments: other securities

    beginning of year $4,522,898 · end of year $2,601,845

  • 15 · Other assets

    beginning of year $7,449,756 · end of year $6,190,202

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,239,704 · end of year $11,187,467

  • 19 · Deferred revenue

    beginning of year $308,883 · end of year $43,215

  • 25 · Other liabilities

    beginning of year $9,968,308 · end of year $8,737,452

  • 27 · Net assets without donor restrictions

    beginning of year $67,475,654 · end of year $45,804,642

Mission and programs · 2024

Mission

SEE SCHEDULE OTO EMPHASIZE THE WELFARE OF THE STUDENT-ATHLETE THROUGHOUT THE ENTERPRISE AND ENCOURAGE EACH PARTICIPANT IN A CONFERENCE PROGRAM TO ACQUIRE A BACCALAUREATE DEGREE AND THE SKILLS NECESSARY TO FUNCTION AS A PRODUCTIVE MEMBER OF SOCIETY. TO MAXIMIZE THE VALUE OF CONFERENCE AFFILIATION FOR ALL MEMBER INSTITUTIONS IN A MANNER CONSISTENT WITH THE CONFERENCE'S VALUES WHILE MAINTAINING A POSITION OF NATIONAL LEADERSHIP IN THE CONDUCT OF INTERCOLLEGIATE ATHLETICS. TO ADHERE TO THE HIGHEST STANDARDS OF HIGHER EDUCATION, ACADEMIC ACHIEVEMENT, ETHICAL CONDUCT, SPORTSMANSHIP, AND A COMMITMENT TO GENDER EQUITY AND ETHNIC DIVERSITY. TO SUSTAIN THE CONFERENCE'S UNPARALLELED RECORD OF ATHLETIC EXCELLENCE. TO ASSURE EACH MEMBER INSTITUTION'S COMMITMENT TO THE CONFERENCE'S VALUES, AND, IN SO DOING, FOSTER COLLEGIAL RELATIONSHIPS AMONG MEMBERS TO MANAGE THE TENSIONS THAT FREQUENTLY SURFACE IN THE COMPETITIVE ENVIRONMENT.

Activities or mission (Part I)

SUPPORT STUDENT-ATHLETE ATHLETIC & ACADEMIC EXCELLENCE IN CONCERT WITH MEMBER UNIVERSITIES.

  • THE PAC-12 CONFERENCE ADMINISTERS PROGRAMS FOR AND SERVES ITS MEMBER INSTITUTIONS; COORDINATES REVENUES RECEIVED FROM TELEVISION CONTRACTS, POSTSEASON BOWL AGREEMENTS, BASKETBALL TOURNAMENTS, AFFILIATE REVENUE, ADVERTISING & SPONSORSHIPS; AND DETERMINES DISTRIBUTIONS TO MEMBER INSTITUTIONS TO FUND ATHLETIC PROGRAMS FOR THE BENEFIT OF STUDENT-ATHLETES. ADDITIONALLY, THE CONFERENCE RECEIVES AND ADMINISTERS AN NCAA GRANT RESTRICTED TO IMPROVING OFFICIATING PROGRAMS, ENHANCING ENFORCEMENT AND COMPLIANCE OF NCAA RULES AND REGULATIONS AND ENHANCING OPPORTUNITIES FOR WOMEN AND MINORITY ADMINISTRATORS.

    Expenses $110,590,582 · Grants $58,522,466 · Revenue $107,300,239

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kirk Schulz

    CHAIR

    Total calculated
    $1,033,276
    From this org
    $0
    From related orgs
    $984,886
    Other
    $48,390
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $753,125 related
    Bonus
    $0 + $201,761 related
    Other
    $0 + $30,000 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $13,890 related
    Filer's total
    $0 + $1,033,276 related

  • Jayathi Y Murthy

    DIRECTOR

    Total calculated
    $809,142
    From this org
    $0
    From related orgs
    $701,000
    Other
    $108,142
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $689,000 related
    Bonus
    $0
    Other
    $0 + $12,000 related
    Deferred
    $0 + $41,400 related
    Nontaxable benefits
    $0 + $66,742 related
    Filer's total
    $0 + $809,142 related

  • Teresa Gould

    COMMISSIONER

    Total calculated
    $1,516,043
    From this org
    $1,361,901
    From related orgs
    $0
    Other
    $154,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,000,000
    Bonus
    $350,000
    Other
    $11,901
    Deferred
    $111,236
    Nontaxable benefits
    $42,906
    Filer's total
    $1,516,043

  • Quashan Lockett

    COO/TREASURER

    Total calculated
    $805,385
    From this org
    $686,667
    From related orgs
    $0
    Other
    $118,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,585
    Bonus
    $222,781
    Other
    $3,301
    Deferred
    $73,119
    Nontaxable benefits
    $45,599
    Filer's total
    $805,385

  • Scott Petersmeyer

    CHIEF LEGAL OFFICER

    Total calculated
    $693,470
    From this org
    $591,423
    From related orgs
    $0
    Other
    $102,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,880
    Bonus
    $189,066
    Other
    $12,477
    Deferred
    $64,636
    Nontaxable benefits
    $37,411
    Filer's total
    $693,470

  • Lawrence Meyers

    EXECUTIVE VP, CONTENT

    Total calculated
    $763,983
    From this org
    $717,463
    From related orgs
    $0
    Other
    $46,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,766
    Bonus
    $235,045
    Other
    $103,652
    Deferred
    $13,800
    Nontaxable benefits
    $32,720
    Filer's total
    $763,983

  • Ryan Currier

    EXECUTIVE VP, PAC-12 NETWORKS

    Total calculated
    $712,179
    From this org
    $647,208
    From related orgs
    $0
    Other
    $64,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,374
    Bonus
    $202,978
    Other
    $164,856
    Deferred
    $13,800
    Nontaxable benefits
    $51,171
    Filer's total
    $712,179

  • Erik Hardenbergh

    SENIOR VP OF STRATEGY

    Total calculated
    $683,921
    From this org
    $617,754
    From related orgs
    $0
    Other
    $66,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,576
    Bonus
    $202,813
    Other
    $140,365
    Deferred
    $46,329
    Nontaxable benefits
    $19,838
    Filer's total
    $683,921

  • Merton Hanks - Executive Assoc

    COMMISSIONER, FOOTBALL OPERATIONS

    Total calculated
    $623,415
    From this org
    $525,085
    From related orgs
    $0
    Other
    $98,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,569
    Bonus
    $160,036
    Other
    $4,480
    Deferred
    $57,835
    Nontaxable benefits
    $40,495
    Filer's total
    $623,415

  • Ashley Coakley

    ON-AIR HOST/SENIOR FEATURE PRODUCER

    Total calculated
    $516,536
    From this org
    $498,236
    From related orgs
    $0
    Other
    $18,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,847
    Bonus
    $139,500
    Other
    $133,889
    Deferred
    $9,090
    Nontaxable benefits
    $9,210
    Filer's total
    $516,536

  • George Kliavkoff

    FORMER COMMISSIONER

    Total calculated
    $6,142,410
    From this org
    $6,132,545
    From related orgs
    $0
    Other
    $9,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,165,936
    Bonus
    $0
    Other
    $4,966,609
    Deferred
    $0
    Nontaxable benefits
    $9,865
    Filer's total
    $6,142,410

  • Steve Tseng

    FORMER EXECUTIVE VP, SALES

    Total calculated
    $580,149
    From this org
    $550,312
    From related orgs
    $0
    Other
    $29,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,523
    Bonus
    $173,769
    Other
    $76,020
    Deferred
    $7,268
    Nontaxable benefits
    $22,569
    Filer's total
    $580,149

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 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
GEORGE KLIAVKOFF RECEIVED SEVERANCE OF $4,958,333 IN FYE 2025. LAWRENCE MEYERS RECEIVED SEVERANCE OF $96,429 IN FYE 2025. RYAN CURRIER RECEIVED SEVERANCE OF $161,950 IN FYE 2025. ERIK HARDENBERGH RECEIVED SEVERANCE OF $137,500 IN FYE 2025. STEVE TSENG RECEIVED SEVERANCE OF $71,290 IN FYE 2025. ASHLEY COAKLEY RECEIVED SEVERANCE OF $131,153 IN FYE 2025.
PART I, LINE 6
SALES MANAGEMENT RECEIVE BONUSES BASED ON ADVERTISING AND SPONSORSHIP REVENUE GENERATED.

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

  • OREGON STATE UNIVERSITY

    $29,345,794

    ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS

  • WASHINGTON STATE UNIVERSITY

    $29,176,672

    ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PAC-12 PROPERTIES LLC

    CONTROLS INTELLECTUAL PROPERTY RIGHTS, LICENSING, AND SPONSORSHIP SALES · DE · income $0 · assets $0

    Directly controlled by PAC 12 ENTERPRISES LLC

  • PAC-12 NETWORK LLC

    FULL-TIME LINEAR NETWORK FOR THE PAC-12 CONFERENCE · DE · income $0 · assets $0

    Directly controlled by PAC 12 ENTERPRISES LLC

  • PAC-12 ENTERPRISES LLC

    CONTENT AND MEDIA PLATFORM FOR THE PAC-12 CONFERENCE · DE · income $4,694,442 · assets $21,598,896

    Directly controlled by PAC 12 CONFERENCE

  • PAC-12 BROADBAND NETWORK LLC

    ENCOMPASSES THE CONFERENCE'S BROADBAND AND DIGITAL ASSETS · DE · income $1,654 · assets $0

    Directly controlled by PAC 12 ENTERPRISES LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PAC-12 SALES HOLDINGS LLC

    C · HOLDING COMPANY · DE · 100% owned · controlled entity

    Directly controlled by PAC-12 ENTERPRISES LLC

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611359349309501

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