South Atlantic Conference
- Assets
- $767.5k
- Revenue
- $2.6m
- Investments
- $419.9k
- Employees
- 9
- Location
- Rock Hill, SC
- Founding
- 09/1990
- Data as of
- 06/2023
- EIN
- 56-1660086
Organization Overview
South Atlantic Conference is located in Rock Hill, SC. The organization was established in 1990. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, South Atlantic Conference employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Atlantic 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 06/2023, South Atlantic Conference generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 7.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GROWTH AND LEADERSHIP TO THE STUDENT ATHLETE THROUGH PARTICIPATION IN INTERCOLLEGIATE SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFICIALS EXPENSE: THE CONFERENCE PROVIDES VARIOUS INTERCOLLEGIATE ATHLETIC OPPORTUNITIES, INCLUDING REGULAR SEASON AND POST-SEASON TOURNAMENTS. OFFICIALS ARE A REQUIRED EXPENSE FOR ATHLETIC EVENTS.
PROMOTIONS, CONFERENCES, SPECIAL SEMINARS AND BANQUETS, SALARIES, TRAVEL, OFFICE EXPENSES AND OTHER EXPENSES DIRECTLY RELATED TO THE SAC'S MISSION
GRANTS: GRANTS ARE PROVIDED FOR DIVERSITY PROGRAMS, ACADEMIC ENHANCEMENT, STRATEGIC POSITIONING PROGRAM, AND COMPLIANCE & RULES EDUCATION. THESE GRANTS PROMOTE GROWTH AND LEADERSHIP TO THE STUDENT ATHLETE.
TOURNAMENT EXPENSE: TOURNAMENTS ARE AN ESSENTIAL PART OF INTERCOLLEGIATE ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Britz Commisioner | Officer | 40 | $164,000 |
Maurice Scherrens Presidents Council | Trustee | 0.5 | $0 |
John Wells Presidents Council | Trustee | 0.5 | $0 |
Clayton Hess Presidents Council | Trustee | 0.5 | $0 |
Scott Hummel Presidents Council | Trustee | 0.5 | $0 |
David Nelson Presidents Council | Trustee | 0.5 | $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 | $6,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,687 |
| Total Program Service Revenue | $2,630,211 |
| Investment income | $470 |
| 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 | $2,637,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,328 |
| 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. | $185,059 |
| Compensation of current officers, directors, key employees. | $92,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,330 |
| Pension plan accruals and contributions | $9,577 |
| Other employee benefits | $43,974 |
| Payroll taxes | $27,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,837 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,317 |
| Office expenses | $13,578 |
| Information technology | $5,700 |
| Royalties | $0 |
| Occupancy | $9,242 |
| Travel | $35,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,654 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,127 |
| Insurance | $3,862 |
| All other expenses | $27,983 |
| Total functional expenses | $2,790,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,789 |
| 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 | $4,372 |
| Net Land, buildings, and equipment | $234,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $419,871 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $767,496 |
| Accounts payable and accrued expenses | $51,417 |
| 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 | $0 |
| Total liabilities | $51,417 |
| Net assets without donor restrictions | $716,079 |
| 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 | $767,496 |