2023-05-10T08:49:41-05:00 2022-06-30 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR NEW YORK NY 10018 990 2021-07-01 900955035 BIG EAST CONFERENCE INC % KEVIN FLANAGAN BIGE 6466633436 655 THIRD AVENUE Suite 711 NEW YORK NY 10017 VALERIE B ACKERMAN COMMISSIONER 6466633436 2023-04-26 true VALERIE B ACKERMAN 999009999 Israel Tannenbaum CPA P01589203 2127519100 2021 2023-04-26 12:10:37Z VALERIE B ACKERMAN 655 THIRD AVENUE SUITE 711 NEW YORK NY 10017 87597818 false X WWW.BIGEAST.COM X 2013 DE TO PROMOTE, ORGANIZE, & IMPROVE INTERCOLLEGIATE ATHLETIC COMPETITION BETWEEN MEMBER INSTITUTIONS OF THE CONFERENCE & ENHANCE EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS. 11 11 25 11 0 0 303936 1276192 59149091 81437193 263176 387721 393 4496712 59716596 87597818 39098737 55368179 0 0 5509857 5620528 0 0 0 10940126 16081117 55548720 77069824 4167876 10527994 25429264 30032227 5448326 14793451 19980938 15238776 X SEE SCHEDULE O FOR DESCRIPTION OF MISSION. false false 75087629 55368179 81437193 TO PROVIDE ITS MEMBERS WITH A JOINTLY GOVERNED BODY FOR SPONSORING, SUPERVISING AND REGULATING INTERCOLLEGIATE ATHLETICS AS A CONFERENCE MEMBER OF THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION "NCAA", IN ACCORDANCE WITH THE PRINCIPLES, POLICIES, CONSTITUTION AND BYLAWS OF THE NCAA; TO ASSIST ITS MEMBERS IN FUNDING AND PROMOTING THEIR INTERCOLLEGIATE ATHLETICS PROGRAMS; ENHANCE THE OPPORTUNITIES FOR PARTICIPATION IN, AND THE LEVEL OF COMPETITION OF, MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETICS ON AN EQUITABLE BASIS; EFFECTUATE SUCH OTHER OR ADDITIONAL PURPOSES AS MAY, FROM TIME TO TIME, BE ADOPTED BY THE CONFERENCE; AND TAKE ANY AND ALL ACTIONS NECESSARY TO EFFECTUATE THE ABOVE PURPOSES. 75087629 true true false false false false false false false false true false false false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false true 144 0 true 25 true false false false false false false false false false false true false X 11 11 false false false false true true false true true false false false true true false true true true true false X X X KEVIN FLANAGAN 6466633436 655 THIRD AVENUE SUITE 711 NEW YORK NY 10117 X VALERIE B ACKERMAN COMMISSIONER, PRESIDENT 35.0 0.0 X 1562497 0 58267 VINCENT NICASTRO DEPUTY COMMISSIONER 35.0 0.0 X 497480 0 89301 STUART JACKSON SR. 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 363863 257106 106757 102585 90072 12513 569323 351430 217893 337163 0 VENDOR REBATE PAYABLE 1250000 1250000 X 83936329 -3661489 -3661489 87597818 87597818 77011824 -58000 -58000 77069824 77069824 SCHEDULE D, PART X, LINE 2: THE CONFERENCE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), THE CONFERENCE IS SUBJECT TO CERTAIN TAXES, INCLUDING UNRELATED BUSINESS INCOME AND EXCESSIVE COMPENSATION. THERE WAS NO UNRELATED BUSINESS INCOME AT JUNE 30, 2022 AND 2021. THE CONFERENCE HAD EXCISE TAXES INCLUDED IN THESE FINANCIAL STATEMENTS WHICH AMOUNTS TO $95,000 AND $92,534 AT JUNE 30, 2022 AND 2021, RESPECTIVELY. THE CONFERENCE HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2022 AND 2021 AND HAS INCURRED NO INTEREST OR PENALTIES RELATED TO INCOME TAXES FOR THE PERIODS PRESENTED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XII, LINE 2D: $(58,000) PRIOR YEARS' POSTGRADUATE UNCLAIMED SCHOLARSHIPS false Butler University 4600 Sunset Avenue Indianapolis IN 46208 350867977 501(C)(3) 4488321 FUNDING FOR ATHLETIC PROGRAM, START UP CHALLENGE GRANT Creighton University 2500 California Plaza Omaha NE 68102 470376583 501(C)(3) 5437687 FUNDING FOR ATHLETIC PROGRAM DePaul University 2323 N Sheffield Ave Chicago IL 60614 362167048 501(C)(3) 4444380 FUNDING FOR ATHLETIC PROGRAM Georgetown University 3700 O Street NW Washington DC 20057 530196603 501(C)(3) 4812382 FUNDING FOR ATHLETIC PROGRAM, START UP CHALLENGE GRANT Marquette University 770 N 12th Street Milwaukee WI 53233 390806251 501(C)(3) 4920878 FUNDING FOR ATHLETIC PROGRAM Providence College 549 River Avenue Providence RI 02918 050258932 501(C)(3) 5563175 FUNDING FOR ATHLETIC PROGRAM Seton Hall University 400 South Orange Ave South Orange NJ 07079 221500645 501(C)(3) 4889335 FUNDING FOR ATHLETIC PROGRAM St John's University 8000 Utopia Parkway Queens NY 11439 111630830 501(C)(3) 4517789 FUNDING FOR ATHLETIC PROGRAM University of Connecticut 352 Mansfield Road Storrs CT 06269 060772160 501(C)(3) 4297595 FUNDING FOR ATHLETIC PROGRAM Villanova University 800 Lancaster Avenue Villanova PA 19085 231352688 501(C)(3) 7372223 FUNDING FOR ATHLETIC PROGRAM Xavier University 3800 Victory Parkway Cincinnati OH 45207 310537516 501(C)(3) 4452320 FUNDING FOR ATHLETIC PROGRAM 11 0 MINORITY GRANTS 13 80000 POSTGRADUATE SCHOLARSHIPS 26 81143 SCHEDULE I, PART I, LINE 2: THE CONFERENCE PROVIDES THE GRANT FUNDS TO THE MEMBER UNIVERSITIES BASED ON INSTRUCTIONS AND GUIDELINES OF THE NCAA. THE CONFERENCE DOES NOT MONITOR THE USE OF THE GRANTS ONCE DISBURSED TO THE MEMBER UNIVERSITY. POSTGRADUATE SCHOLARSHIPS ARE AWARDED BASED ON CRITERIA FOR NOMINATION AND REVIEW BY THE ACADEMIC AFFAIRS COMMITTEE OF THE CONFERENCE TO QUALIFYING AND RECENT BIG EAST STUDENT ATHLETES GRADUATES THAT RANGE FROM $2,000 TO %5,000. EACH MEMBER SCHOOL IS ELIGIBLE TO REQUEST ANNUALLY $8,000 PER INSTITUTION OR $10,000 TO ASSIST OFFSETTING COSTS FOR COACHING OR ADMINISTRATIVE POSITIONS EMPLOYING A PERSON FROM A DESIGNATED MINORITY GROUP. X X false false false false false false false false false VALERIE B ACKERMAN COMMISSIONER, PRESIDENT 1087497 0 475000 0 0 0 38725 0 19542 0 1620764 0 0 0 VINCENT NICASTRO DEPUTY COMMISSIONER 497480 0 0 0 0 0 38725 0 50576 0 586781 0 0 0 STUART JACKSON SR. ASSOCIATE COMMISSIONER 381245 0 0 0 0 0 38725 0 18678 0 438648 0 0 0 NICOLE EARLY SR. ASSOC COMM., MARKETING 207675 0 0 0 0 0 25959 0 35721 0 269355 0 0 0 KATIE WILLETT ASSOCIATE COMMISSIONER 193953 0 0 0 0 0 21953 0 35550 0 251456 0 0 0 RICHARD GENTILE SR. ASSOCIATE COMMISSIONER 200419 0 0 0 0 0 26011 0 35460 0 261890 0 0 0 CHRISTOPHER J SCHNEIDER Sr. ASSOCIATE COMMISSIONER 194003 0 0 0 0 0 25119 0 18402 0 237524 0 0 0 KEVIN FLANAGAN BUSINESS OFFICER, TREASURER 138450 0 0 0 0 0 17975 0 18117 0 174542 0 0 0 FORM 990, PART I, LINE 1: DESCRIPTION OF ORGANIZATION MISSION: IN THE ADMINISTRATION OF INTERCOLLEGIATE ATHLETICS PROGRAMS IN ACCORDANCE WITH THE HIGHEST STANDARDS OF EDUCATION, SPORTSMANSHIP AND HEALTHY ATHLETIC COMPETITION COMPATIBLE WITH RESOURCE ALLOCATION WHILE ALLOWING A DEGREE OF INSTITUTIONAL FLEXIBILITY. FORM 990, PART III, LINE 1: DESCRIPTION OF THE ORGANIZATION MISSION: THE CONFERENCE IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ASSIST ITS MEMBERS IN THE ADMINISTRATION OF INTERCOLLEGIATE ATHLETICS PROGRAMS IN ACCORDANCE WITH THE HIGHEST STANDARDS OF EDUCATION, SPORTSMANSHIP AND HEALTHY ATHLETIC COMPETITION COMPATIBLE WITH RESOURCE ALLOCATION WHILE ALLOWING A DEGREE OF INSTITUTIONAL FLEXIBILITY. FORM 990, PART VI, SECTION A, LINE 6: ALL MEMBERS OF THE CONFERENCE SHALL BE COLLEGES OR UNIVERSITIES HOLDING DIVISION 1 MEMBERSHIP IN THE NCAA AND SATISFIES ALL CONDITIONS OR CRITERIA OF MEMBERSHIP AS SET FORTH IN THE BYLAWS IN SECTION 4. NEW MEMBERS MAY BE ADMITTED INTO THE CONFERENCE IF SAID COLLEGE OR UNIVERSITY SATISFIES THE QUALIFICATIONS FOR MEMBERSHIP AND BY A VOTE OF AT LEAST TWO-THIRDS OF ALL DIRECTORS IN OFFICER. FORM 990, PART VI, SECTION A, LINE 7A: THE TERM OF A DIRECTOR SHALL BE ONE (1) YEAR, BEGINNING AND ENDING AT THE ANNUAL MEETING, AND SHALL RENEW AUTOMATICALLY FOR SO LONG AS THE DIRECTOR IS SERVING AS CEO OF THE MEMBER. IF A VACANCY OCCURS, THE MEMBER THAT APPOINTED THE DIRECTOR SHALL DESIGNATE AN INDIVIDUAL TO FILL SUCH VACANACY ON AN INTERIM BASIS UNTIL SUCH TIME AS A NEW CEO OF SUCH MEMBER IS APPOINTED BY THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT AND FINANCE COMMITTEE. UPON REVIEW AND APPROVAL FORM 990 WILL BE MADE AVAILABLE TO BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15: THE COMPENSATION FOR THE COMMISSIONER WAS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD, APPROVED BY THE BOARD AND IS DETAILED IN THE COMMISSIONER'S CONTRACT. THE ANNUAL INCREASE POOL FOR ALL EMPLOYEES ARE SUBJECT TO APPROVAL BY THE AUDIT & FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19: BIG EAST CONFERENCE, INC. DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC UNLESS IT IS REQUESTED. THE FORM 990 IS AVAILABLE ON THE WEBSITE GUIDESTAR. FORM 990, PART XI, LINE 8: THE FINANCIAL STATEMENTS WERE RESTATED FOR A NET DECREASE TO NET ASSETS OF $11,666,667 AS OF JULY 1, 2021 AS COMPENSATION RECEIVED FROM THE INCEPTION OF A PREVIOUS TELEVISION RIGHTS CONTRACT CONTAINED A REFUNDABLE CLAUSE THAT WOULD BE RATABLY RECOGNIZED OVER TIME. FORM 990, PART XI, LINE 9: $58,000 PRIOR YEARS' POSTGRADUATE UNCLAIMED SCHOLARSHIPS FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.