Minnesota Intercollegiate Athletic Conference
- Assets
- $210.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Bloomington, MN
- Founding
- 09/1999
- Data as of
- 05/2024
- EIN
- 41-1948125
Organization Overview
Minnesota Intercollegiate Athletic Conference is located in Bloomington, MN. The organization was established in 1999. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 05/2024, Minnesota Intercollegiate Athletic Conference employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Intercollegiate Athletic Conference 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 05/2024, Minnesota Intercollegiate Athletic Conference generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 05/2024. While expenses have increased by 3.7% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MIAC STRIVES TO GUIDE, GOVERN, AND SUPPORT FAIR AND EQUITABLE ATHLETIC COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED 13 MEMBER INSTITUTIONS BY PROVIDING SCHEDULING, OFFICIATING, POST-SEASON OPPORTUNITIES, AND EDUCATIONAL INITIATIVES. PROMOTED MEMBERS (INCLUDING COACHES AND STUDENT-ATHLETES) OF OUR 22 CHAMPIONSHIPS SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel P Mckane Commissioner | Officer | 65 | $119,393 |
James Burns Chair | OfficerTrustee | 1 | $0 |
Suzanne Rivera Vice Chair | OfficerTrustee | 1 | $0 |
Ross Allen Director | Trustee | 1 | $0 |
Becky Bergman Director | Trustee | 1 | $0 |
Brian Bruess Director | Trustee | 1 | $0 |
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 | $120,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,820 |
| Total Program Service Revenue | $1,148,819 |
| Investment income | $2,240 |
| 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 | $1,277,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $130,778 |
| Compensation of current officers, directors, key employees. | $24,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,635 |
| Payroll taxes | $18,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,507 |
| Advertising and promotion | $0 |
| Office expenses | $12,611 |
| Information technology | $18,016 |
| Royalties | $0 |
| Occupancy | $14,765 |
| Travel | $18,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,036 |
| All other expenses | $14,392 |
| Total functional expenses | $1,337,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,426 |
| Savings and temporary cash investments | $131,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,620 |
| 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 | $1,427 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,598 |
| Total assets | $210,457 |
| Accounts payable and accrued expenses | $24,108 |
| 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 | $12,024 |
| Total liabilities | $36,132 |
| Net assets without donor restrictions | $174,325 |
| Net assets with donor restrictions | $0 |
| 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 | $210,457 |