Iptay

Organization Overview

Iptay is located in Clemson, SC. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iptay 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 06/2022, Iptay generated $72.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $65.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Ben Griffith
Treasurer
$0
Bob Riggins
President
$0
Billy Milam
President-Elect
$0
Rett Rutland
Secretary
$0
Davis Babb
CEO
$0
Graham Neff
Athletic Director (beg. Dec 2021)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Brown Brothers Harriman
Investment Management
$130,578
Clemson University Foundation
Investment Management
$252,731
View All Vendors

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$70,467
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$70,467
Total Program Service Revenue$69,699,659
Investment income $1,036,065
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,403,600
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $72,209,791

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Iptay has recieved totaling $45,618.

Awarding OrganizationAmount
Bannon Foundation

Greenville, SC

PURPOSE: SUPPORT ATHLETIC DEPARTMENT

$45,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$618
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$63,126,229
Earnings-$1,028,421
Net Contributions$18,539,704
Grants$13,174,187
Ending Balance$67,463,325

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