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Nonprofiteer
← IPTAY

Form 990 for tax year 2024

Filed by IPTAY.

Totals

Total revenue
$71,552,779
Total expenses
$75,968,776
Contributions and grants received
$63,493
Grants paid
$58,546,659
Program service revenue
$69,361,598
Investment income
$2,127,688
Other revenue
$0
Total assets, end of year
$143,850,821
Total liabilities, end of year
$19,281,594
Net assets or fund balances, end of year
$124,569,227
Program services expenses (Part IX)
$58,546,659
Management and general expenses
$17,422,117
Fundraising expenses
$0
Program service expenses (Part III)
$58,546,659

Program services were 77.1% 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

    $63,493

  • 2a · Program service revenue: PROGRAMMATIC SUPPORT

    total $69,361,598 · related or exempt $69,361,598

  • 3 · Investment income

    total $1,037,460 · excluded $1,037,460

  • 7a · Gross sales of assets other than inventory

    securities $13,334,417

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

    securities $12,244,189

  • 7c · Gain or loss

    securities $1,090,228

  • 7d · Net gain or loss

    total $1,090,228 · excluded $1,090,228

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $58,546,659 · program services $58,546,659

  • 5 · Compensation of officers, directors and key employees

    total $654,392 · management and general $654,392

  • 7 · Other salaries and wages

    total $3,244,078 · management and general $3,244,078

  • 8 · Pension plan contributions

    total $265,012 · management and general $265,012

  • 9 · Other employee benefits

    total $581,653 · management and general $581,653

  • 10 · Payroll taxes

    total $277,291 · management and general $277,291

  • 11b · Fees: legal

    total $2,286,772 · management and general $2,286,772

  • 11c · Fees: accounting

    total $33,036 · management and general $33,036

  • 11f · Fees: investment management

    total $605,831 · management and general $605,831

  • 11g · Fees: other

    total $3,969,041 · management and general $3,969,041

  • 12 · Advertising and promotion

    total $126,906 · management and general $126,906

  • 13 · Office expenses

    total $1,364,946 · management and general $1,364,946

  • 14 · Information technology

    total $10,813 · management and general $10,813

  • 17 · Travel

    total $164,404 · management and general $164,404

  • 19 · Conferences, conventions and meetings

    total $2,487,789 · management and general $2,487,789

  • 23 · Insurance

    total $64,497 · management and general $64,497

  • 24a · Other expenses: CREDIT CARD FEES

    total $1,130,911 · management and general $1,130,911

  • 24b · Other expenses: PRIZES & AWARDS

    total $135,534 · management and general $135,534

  • 24e · All other expenses

    total $19,211 · management and general $19,211

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,299,691 · end of year $4,912,983

  • 2 · Savings and temporary cash investments

    beginning of year $15,605,041 · end of year $7,133,908

  • 3 · Pledges and grants receivable

    beginning of year $81,257,455 · end of year $80,433,539

  • 4 · Accounts receivable

    beginning of year $464,979 · end of year $196,441

  • 11 · Investments: publicly traded securities

    beginning of year $34,542,491 · end of year $41,010,762

  • 12 · Investments: other securities

    beginning of year $8,458,920 · end of year $9,315,731

  • 15 · Other assets

    beginning of year $828,280 · end of year $847,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $613,872 · end of year $3,501,922

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $10,000,000

  • 25 · Other liabilities

    beginning of year $7,990,025 · end of year $5,779,672

  • 27 · Net assets without donor restrictions

    beginning of year $43,083,829 · end of year $28,265,317

  • 28 · Net assets with donor restrictions

    beginning of year $102,769,131 · end of year $96,303,910

Mission and programs · 2024

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 $58,546,659 · Grants $58,546,659 · Revenue $69,361,598

As filed on the 2024 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
  • Nicky McCarter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Antonis Katsiyannis

    DIRECTOR

    Total calculated
    $301,669
    From this org
    $0
    From related orgs
    $235,204
    Other
    $66,465
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,323 related
    Bonus
    $0
    Other
    $0 + $75,881 related
    Deferred
    $0 + $58,882 related
    Nontaxable benefits
    $0 + $7,583 related
    Filer's total
    $0 + $301,669 related
  • Bob Riggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bobby Conrad

    DIRECTOR THRU 02/25

    Total calculated
    $0
    Hours/week
    1
  • Deb Conklin

    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
  • Eddie Robinson

    DIRECTOR

    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
    $472,635
    From this org
    $0
    From related orgs
    $371,517
    Other
    $101,118
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,246 related
    Bonus
    $0
    Other
    $0 + $46,271 related
    Deferred
    $0 + $82,585 related
    Nontaxable benefits
    $0 + $18,533 related
    Filer's total
    $0 + $472,635 related
  • Mary Anne Bigger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Bostic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eddie Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edgar McGee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thurmon McLamb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Timmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Davis Babb

    CEO

    Total calculated
    $604,078
    From this org
    $242,925
    From related orgs
    $285,992
    Other
    $75,161
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $187,029 + $243,161 related
    Bonus
    $50,000
    Other
    $5,896 + $42,831 related
    Deferred
    $9,451 + $46,551 related
    Nontaxable benefits
    $10,817 + $8,342 related
    Filer's total
    $263,193 + $340,885 related
  • Bradley S Brown

    COO

    Total calculated
    $269,724
    From this org
    $235,118
    From related orgs
    $0
    Other
    $34,606
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $193,547
    Bonus
    $34,590
    Other
    $6,981
    Deferred
    $9,860
    Nontaxable benefits
    $24,746
    Filer's total
    $269,724
  • Graham R Neff

    ATHLETIC DIRECTOR

    Total calculated
    $1,003,288
    From this org
    $0
    From related orgs
    $967,606
    Other
    $35,682
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,279 related
    Bonus
    $0 + $110,000 related
    Other
    $0 + $518,327 related
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $21,182 related
    Filer's total
    $0 + $1,003,288 related
  • Travis T Furbee

    SR. ASSOC DIR ANNUAL FUND

    Total calculated
    $348,668
    From this org
    $306,670
    From related orgs
    $0
    Other
    $41,998
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $238,143
    Bonus
    $60,144
    Other
    $8,383
    Deferred
    $12,163
    Nontaxable benefits
    $29,835
    Filer's total
    $348,668
  • Aaron D Dunham

    SR. ASSOC DIR. MAJOR GIFTS

    Total calculated
    $345,006
    From this org
    $303,560
    From related orgs
    $0
    Other
    $41,446
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $227,095
    Bonus
    $68,092
    Other
    $8,373
    Deferred
    $11,611
    Nontaxable benefits
    $29,835
    Filer's total
    $345,006
  • Bryan Wesley Cribb

    ASSOC DIR IPTAY OPERATIONS

    Total calculated
    $186,450
    From this org
    $170,672
    From related orgs
    $0
    Other
    $15,778
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,917
    Bonus
    $21,465
    Other
    $8,290
    Deferred
    $7,121
    Nontaxable benefits
    $8,657
    Filer's total
    $186,450
  • Laurin R Gaulin

    ASSOC DIR MAJOR GIFTS

    Total calculated
    $162,742
    From this org
    $148,126
    From related orgs
    $0
    Other
    $14,616
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $117,708
    Bonus
    $22,150
    Other
    $8,268
    Deferred
    $5,959
    Nontaxable benefits
    $8,657
    Filer's total
    $162,742
  • Kyle R Shields

    DIR OF PREMIUM SEATING

    Total calculated
    $179,498
    From this org
    $143,251
    From related orgs
    $0
    Other
    $36,247
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $113,065
    Bonus
    $21,865
    Other
    $8,321
    Deferred
    $5,921
    Nontaxable benefits
    $30,326
    Filer's total
    $179,498

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

    $58,546,659

    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

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.

Related corporations and trusts

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

  • TIGER COMMUNICATIONS LLC

    C · ASSIST IPTAY SUPPORTING CLEMSON UNIV ATHLETIC PROGRAMS · SC · 100% owned · share of income -$20,500,000 · controlled entity

    Directly controlled by IPTAY

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2026
IRS schema version
2024v5.5
Source object
202600909349300620

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