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Nonprofiteer
← IPTAY

Form 990 for tax year 2022

Filed by IPTAY.

Totals

Total revenue
$122,711,591
Total expenses
$94,992,220
Contributions and grants received
$147,297
Grants paid
$87,314,490
Program service revenue
$120,637,183
Investment income
$1,927,111
Other revenue
$0
Total assets, end of year
$157,007,308
Total liabilities, end of year
$9,771,496
Net assets or fund balances, end of year
$147,235,812
Program services expenses (Part IX)
$87,314,490
Management and general expenses
$7,677,730
Fundraising expenses
$0
Program service expenses (Part III)
$87,314,490

Program services were 91.9% 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

    $147,297

  • 2a · Program service revenue: PROGRAMMATIC SUPPORT

    total $120,637,183 · related or exempt $120,637,183

  • 3 · Investment income

    total $936,892 · excluded $936,892

  • 7a · Gross sales of assets other than inventory

    securities $27,199,496

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

    securities $26,209,277

  • 7c · Gain or loss

    securities $990,219

  • 7d · Net gain or loss

    total $990,219 · excluded $990,219

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,314,490 · program services $87,314,490

  • 5 · Compensation of officers, directors and key employees

    total $234,079 · management and general $234,079

  • 7 · Other salaries and wages

    total $1,762,740 · management and general $1,762,740

  • 8 · Pension plan contributions

    total $95,764 · management and general $95,764

  • 9 · Other employee benefits

    total $282,300 · management and general $282,300

  • 11b · Fees: legal

    total $2,447,436 · management and general $2,447,436

  • 11c · Fees: accounting

    total $17,175 · management and general $17,175

  • 11f · Fees: investment management

    total $685,723 · management and general $685,723

  • 11g · Fees: other

    total $515,835 · management and general $515,835

  • 12 · Advertising and promotion

    total $81,344 · management and general $81,344

  • 17 · Travel

    total $75,969 · management and general $75,969

  • 19 · Conferences, conventions and meetings

    total $346,402 · management and general $346,402

  • 20 · Interest

    total $67,500 · management and general $67,500

  • 24a · Other expenses: CREDIT CARD FEES

    total $1,018,285 · management and general $1,018,285

  • 24b · Other expenses: PRIZES & AWARDS

    total $19,251 · management and general $19,251

  • 24c · Other expenses: MEMBERSHIP DUES

    total $15,745 · management and general $15,745

  • 24e · All other expenses

    total $12,182 · management and general $12,182

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,106,556 · end of year $12,113,738

  • 2 · Savings and temporary cash investments

    beginning of year $21,563,004 · end of year $11,324,164

  • 3 · Pledges and grants receivable

    beginning of year $29,063,043 · end of year $76,752,122

  • 4 · Accounts receivable

    beginning of year $231,901 · end of year $356,024

  • 11 · Investments: publicly traded securities

    beginning of year $47,769,299 · end of year $43,333,280

  • 12 · Investments: other securities

    beginning of year $14,972,109 · end of year $12,350,431

  • 15 · Other assets

    beginning of year $283,690 · end of year $777,549

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,200 · end of year $1,314,524

  • 24 · Unsecured notes and loans payable

    beginning of year $5,000,000 · end of year $2,500,000

  • 25 · Other liabilities

    beginning of year $4,901,581 · end of year $5,956,972

  • 27 · Net assets without donor restrictions

    beginning of year $66,506,676 · end of year $52,488,119

  • 28 · Net assets with donor restrictions

    beginning of year $48,493,145 · end of year $94,747,693

Mission and programs · 2022

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 $87,314,490 · Grants $87,314,490 · Revenue $120,637,183

As filed on the 2022 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 Ann Bigger

    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
    $268,506
    From this org
    $0
    From related orgs
    $212,139
    Other
    $56,367
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,029 related
    Bonus
    $0
    Other
    $0 + $53,110 related
    Deferred
    $0 + $49,748 related
    Nontaxable benefits
    $0 + $6,619 related
    Filer's total
    $0 + $268,506 related
  • Nicky McCarter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jk McKenzie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bob Peeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bob Riggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eddie Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Smart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brianna Woodsby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Clements

    DIRECTOR, PRESIDENT CLEMSON UNIV.

    Total calculated
    $443,632
    From this org
    $0
    From related orgs
    $355,498
    Other
    $88,134
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,171 related
    Bonus
    $0
    Other
    $0 + $43,327 related
    Deferred
    $0 + $71,027 related
    Nontaxable benefits
    $0 + $17,107 related
    Filer's total
    $0 + $443,632 related
  • Davis Babb

    CEO

    Total calculated
    $456,225
    From this org
    $0
    From related orgs
    $370,901
    Other
    $85,324
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $300,625 related
    Bonus
    $0 + $19,063 related
    Other
    $0 + $51,213 related
    Deferred
    $0 + $71,096 related
    Nontaxable benefits
    $0 + $14,228 related
    Filer's total
    $0 + $456,225 related
  • Bradley S Brown

    COO

    Total calculated
    $109,593
    From this org
    $100,471
    From related orgs
    $0
    Other
    $9,122
    Hours/week
    37.5
  • Graham R Neff

    ATHLETIC DIRECTOR

    Total calculated
    $875,612
    From this org
    $0
    From related orgs
    $843,077
    Other
    $32,535
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,651 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $469,426 related
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $18,035 related
    Filer's total
    $0 + $875,612 related
  • Bryan Wesley Cribb

    ASSOC DIR IPTAY OPERATIONS

    Total calculated
    $178,950
    From this org
    $54,069
    From related orgs
    $94,219
    Other
    $30,662
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $41,840 + $87,643 related
    Bonus
    $9,509
    Other
    $2,720 + $6,576 related
    Deferred
    $2,596 + $20,647 related
    Nontaxable benefits
    $2,824 + $4,595 related
    Filer's total
    $59,489 + $119,461 related
  • Aaron D Dunham

    SR. ASSOC DIR. MAJOR GIFTS (FROM MAY 2022)

    Total calculated
    $246,283
    From this org
    $94,048
    From related orgs
    $120,355
    Other
    $31,880
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $75,648 + $115,424 related
    Bonus
    $15,000
    Other
    $3,400 + $4,931 related
    Deferred
    $4,643 + $5,925 related
    Nontaxable benefits
    $10,991 + $10,321 related
    Filer's total
    $109,682 + $136,601 related
  • Travis T Furbee

    SR. ASSOC DIR ANNUAL FUND

    Total calculated
    $288,504
    From this org
    $98,608
    From related orgs
    $133,373
    Other
    $56,523
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $79,362 + $126,970 related
    Bonus
    $15,000
    Other
    $4,246 + $6,403 related
    Deferred
    $4,871 + $30,177 related
    Nontaxable benefits
    $10,991 + $10,484 related
    Filer's total
    $114,470 + $174,034 related
  • James R Couch

    SR. ASSOC DIR MAJOR GIFTS (THRU APR 2022)

    Total calculated
    $119,823
    From this org
    $0
    From related orgs
    $108,674
    Other
    $11,149
    Hours/week
    37.5
  • Kyle R Shields

    DIR OF PREMIUM SEATING

    Total calculated
    $148,176
    From this org
    $0
    From related orgs
    $107,907
    Other
    $40,269
    Hours/week
    37.5
  • Daniel Radakovich Jr

    ATHLETIC DIRECTOR (THRU DEC 2021)

    Total calculated
    $304,596
    From this org
    $0
    From related orgs
    $290,018
    Other
    $14,578
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $207,471 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $42,547 related
    Deferred
    $0 + $14,133 related
    Nontaxable benefits
    $0 + $445 related
    Filer's total
    $0 + $304,596 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

    $87,314,490

    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
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202411079349300906

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