2025-04-28T10:33:55-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2023-07-01 465666637 IPTAY IPTA 8646562115 PO BOX 1529 CLEMSON SC 29633 DAVIS BABB CEO 8646562115 2025-04-23 1 1 BREE-ANN WEIDNER P01319397 8642333981 2023 2025-03-06 01:10:19Z DAVIS BABB PO BOX 1529 CLEMSON SC 29633 106104045 0 X WWW.IPTAYCUAD.COM X 2014 SC SUPPORT OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS 22 20 78 28 0 0 147297 65700 120637183 76416660 1927111 1995836 0 0 122711591 78478196 87314490 73945652 0 0 2374883 4075003 0 0 0 5302847 6437340 94992220 84457995 27719371 -5979799 157007308 154456857 9771496 8603897 147235812 145852960 SUPPORT OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS 0 0 73945652 73945652 76416660 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. 73945652 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 7 0 1 78 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X LISA MARCUS DIRECTOR ARO 8646561873 391 COLLEGE AVE STE 302 CLEMSON SC 29634 BILLY MILAM PRESIDENT 1.00 0.00 X X 0 0 0 RETT RUTLAND PRESIDENT-ELECT 1.00 0.00 X X 0 0 0 BEN GRIFFITH SECRETARY 1.00 0.00 X X 0 0 0 MIKE CRAPPS TREASURER 1.00 0.00 X X 0 0 0 MARY ANNE BIGGER DIRECTOR 1.00 0.00 X 0 0 0 BOBBY CONRAD DIRECTOR 1.00 0.00 X 0 0 0 CHARLES DALTON DIRECTOR 1.00 0.00 X 0 0 0 JEFF DUCKWORTH DIRECTOR 1.00 0.00 X 0 0 0 FRED FAIRCLOTH DIRECTOR 1.00 0.00 X 0 0 0 DAN GARRISON DIRECTOR 1.00 0.00 X 0 0 0 ANTONIS KATSIYANNIS DIRECTOR 1.00 36.50 X 0 219055 61014 NICKY MCCARTER DIRECTOR 1.00 0.00 X 0 0 0 JK MCKENZIE DIRECTOR 1.00 0.00 X 0 0 0 BOB PEELER DIRECTOR TO 10/2023 1.00 0.00 X 0 0 0 BOB RIGGINS DIRECTOR 1.00 0.00 X 0 0 0 EDDIE ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 BILL SMITH DIRECTOR FROM 11/2023 1.00 0.00 X 0 0 0 RON SMITH DIRECTOR 1.00 0.00 X 0 0 0 JOE TODD DIRECTOR 1.00 0.00 X 0 0 0 ROBIN WILSON DIRECTOR 1.00 0.00 X 0 0 0 ADAM WITTY DIRECTOR 1.00 0.00 X 0 0 0 JOHN WRIGHT JR DIRECTOR 1.00 0.00 X 0 0 0 JAMES CLEMENTS DIRECTOR, PRESIDENT CLEMSON UNIV. 1.00 36.50 X 0 357162 96213 DAVIS BABB CEO 37.50 0.00 X 0 456909 96562 BRADLEY S BROWN COO 37.50 0.00 X 216776 0 37178 GRAHAM R NEFF ATHLETIC DIRECTOR 1.00 36.50 X 0 915420 34996 BRYAN WESLEY CRIBB ASSOC DIR IPTAY OPERATIONS 37.50 0.00 X 160339 0 15712 AARON D DUNHAM SR. ASSOC DIR. MAJOR GIFTS 37.50 0.00 X 260858 0 38912 TRAVIS T FURBEE SR. ASSOC DIR ANNUAL FUND 37.50 0.00 X 273135 0 39430 LAURIN R GAULIN ASSOC DIR MAJOR GIFTS 37.50 0.00 X 136202 0 14483 KYLE R SHIELDS DIR OF PREMIUM SEATING 37.50 0.00 X 134574 23079 34751 1181884 1971625 469251 10 0 1 0 CLEMSON UNIVERSITY FOUNDATION PO BOX 1889 CLEMSON SC 29633 ADMINISTRATIVE MGMT FEES 366079 BROWN BROTHERS HARRIMAN 140 BROADWAY NEW YORK NY 10005 INVESTMENT FEES 116133 2 65700 65700 PROGRAMMATIC SUPPORT 711300 76416660 76416660 76416660 1135809 1135809 28485876 27625849 860027 860027 860027 78478196 76416660 0 1995836 73945652 73945652 135394 135394 3069427 3069427 236971 236971 404646 404646 228565 228565 3340419 3340419 26712 26712 583813 583813 710927 710927 57340 57340 94791 94791 3152 3152 123633 123633 291366 291366 33750 33750 20497 20497 CREDIT CARD FEES 1036054 1036054 PRIZES & AWARDS 108636 108636 6250 6250 84457995 73945652 10512343 0 12113738 13299691 11324164 15605041 76752122 81257455 356024 464979 43333280 34542491 12350431 8458920 777549 828280 157007308 154456857 1314524 613872 2500000 0 5956972 7990025 9771496 8603897 X 52488119 43083829 94747693 102769131 147235812 145852960 157007308 154456857 X -5979799 4661847 -64900 X 0 1 X 1 0 X X X 1 CLEMSON UNIVERSITY 576000254 6 1 73945652 0 1 73945652 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, LINE 3: THE ORGANIZATION HAS AN AFFILIATION AGREEMENT WITH CLEMSON UNIVERSITY. THE TERMS OF THIS AGREEMENT MEMORIALIZE IPTAY'S ROLE IN SUPPORTING THE UNIVERSITY AND SET FORTH GUIDELINES FOR BOTH PARTIES WITH REGARDS TO THE SUPPORT IPTAY WILL PROVIDE TO THE UNIVERSITY. PART IV, SECTION E, LINE 1C: IPTAY SUPPORTS CLEMSON UNIVERSITY (A GOVERNMENTAL ENTITY) BY: 1. PROVIDING FUNDS FOR SCHOLARSHIPS FOR CLEMSON UNIVERSITY STUDENT ATHLETES AND OTHER STUDENTS THAT SUPPORT AND PROVIDE RELATED SERVICES TO THE ATHLETIC PROGRAM OF CLEMSON UNIVERSITY. 2. OVERSEEING, MONITORING, AND DIRECTING THE FUNDRAISING ACTIVITIES OF IPTAY FOR THE BENEFIT OF THE CLEMSON UNIVERSITY ATHLETIC DEPARTMENT. 3. PROMOTING, SUPPORTING, AND AIDING ANY AND ALL OTHER ACTIVITIES AND PROGRAMS THAT FURTHER THE ATHLETIC MISSION OF CLEMSON UNIVERSITY AND THE CHARITABLE PURPOSE OF IPTAY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 83874182 83874182 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 43848448 53796212 5672429 30365797 72951292 67463325 17064973 1859820 42539670 43848448 63126229 18539704 -1028421 13174187 67463325 56667318 13284641 10406901 17232631 63126229 51966121 15081650 194270 10574723 56667318 0.87290 0.06290 0.06420 0 1 1 0 INVESTMENTS - DOMESTIC EQUITIES 847988 F FUNDS HELD IN TRUST BY AN AFFILIATE MEASURED AT NAV 3268162 F INVESTMENTS - PRIVATE EQUITY 4342770 F 8458920 DUE TO CLEMSON UNIVERSITY 7990025 7990025 X 82556230 4661847 4661847 77894383 583813 583813 78478196 83939082 64900 64900 83874182 583813 583813 84457995 PART V, LINE 4: THE QUASI-ENDOWMENT FUNDS ARE INTENDED TO SUPPORT CAPITAL PROJECT NEEDS OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS THROUGH CONSTRUCTION COST DISBURSEMENTS AND/OR DEBT SERVICE PAYMENTS. THE FIGURE FOR QUASI-ENDOWMENT FUNDS ALSO INCLUDES UNCONDITIONAL PLEDGES MADE TO THE ENDOWMENT NOT YET RECEIVED BUT WHOSE PURPOSES ARE INTENDED FOR THE QUASI-ENDOWMENT. PERMANENT ENDOWMENTS AND ACCUMULATED EARNINGS ON SUCH FUNDS ARE INTENDED TO SUPPORT CLEMSON UNIVERSITY ATHLETIC PROGRAM OPERATIONS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: IPTAY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO IPTAY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2024; ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSET TRANSFERS TO AFFILIATE 64,900. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1239235 0 0 0 0 0 0 1239235 0 1239235 1 0 0 0 1 0 1 CLEMSON UNIVERSITY G06 SIKES HALL CLEMSON SC 29634 576000254 170(C)(1) 73945652 0 ATHLETIC OPERATIONS, DEBT SERVICE, AND OTHER ATHLETIC SUPPORT, INCLUDING REIMBURSEMENT FOR PERSONNEL SUPPORTING IPTAY OPERATIONS 1 0 PART I, LINE 2: CLEMSON UNIVERSITY IS THE ONLY RECIPIENT OF GRANT FUNDS PROVIDED BY IPTAY. CLEMSON UNIVERSITY'S OVERSIGHT OF USE OF GRANT FUNDS RECEIVED IS COMPRISED OF THE USUAL AND CUSTOMARY STANDARD ACCOUNTING AND MANAGEMENT OVERSIGHT FOR PUBLIC INSTITUTIONS, COMPLIANCE REPORTING AND AUDITING THROUGH BOTH INTERNAL AND EXTERNAL AUDITS, AND GOVERNANCE AND COMPLIANCE STANDARDS OF THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA). X X X 0 0 0 0 0 0 0 0 0 GRAHAM R NEFF ATHLETIC DIRECTOR 0 324378 0 110000 0 481042 0 14500 0 20496 0 950416 0 0 DAVIS BABB CEO 0 325610 0 50000 0 81299 0 80388 0 16174 0 553471 0 0 JAMES CLEMENTS DIRECTOR, PRESIDENT CLEMSON UNIV. 0 314927 0 0 0 42235 0 78237 0 17976 0 453375 0 0 TRAVIS T FURBEE SR. ASSOC DIR ANNUAL FUND 221698 0 41800 0 9637 0 11403 0 28027 0 312565 0 0 0 AARON D DUNHAM SR. ASSOC DIR. MAJOR GIFTS 211398 0 39900 0 9560 0 10885 0 28027 0 299770 0 0 0 ANTONIS KATSIYANNIS DIRECTOR 0 163664 0 0 0 55391 0 53656 0 7358 0 280069 0 0 BRADLEY S BROWN COO 180566 0 27000 0 9210 0 9289 0 27889 0 253954 0 0 0 KYLE R SHIELDS DIR OF PREMIUM SEATING 99367 22344 25140 0 10067 735 5251 971 28518 11 168343 24061 0 0 BRYAN WESLEY CRIBB ASSOC DIR IPTAY OPERATIONS 131921 0 19500 0 8918 0 6708 0 9004 0 176051 0 0 0 LAURIN R GAULIN ASSOC DIR MAJOR GIFTS 107259 0 19950 0 8993 0 5479 0 9004 0 150685 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON WHO HAS MATRICULATED AT, BEEN EMPLOYED BY, OR IS A FRIEND OF CLEMSON UNIVERSITY MAY BECOME A "MEMBER" OF IPTAY IN ANY FISCAL YEAR UPON CONTRIBUTING TO IPTAY AN AMOUNT EQUAL TO THE MEMBERSHIP CONTRIBUTION. EACH DONOR SHALL BE CONSIDERED A MEMBER OF IPTAY FOR EACH YEAR IN WHICH SUCH DONOR HAS MADE THE MEMBERSHIP CONTRIBUTION. ALL MEMBERS SHALL HAVE THE RIGHT TO VOTE AT THE ANNUAL MEETING OF THE IPTAY MEMBERSHIP, TO SERVE IN CORPORATE OFFICE AND DIRECTORSHIP OF IPTAY, AND TO EXERCISE SUCH OTHER PRIVILEGES AS ESTABLISHED BY THE BOARD FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE TERMS OF THE BYLAWS, TWO MEMBERS OF THE BOARD OF TRUSTEES OF CLEMSON UNIVERSITY SHALL SERVE PURSUANT TO APPOINTMENT BY THE CHAIRMAN OF THE BOARD OF TRUSTEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 IN DETAIL AND A COPY IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE RECEIPT OF THE CONFLICT OF INTEREST POLICY ANNUALLY. ANY DIRECTOR OR OFFICER SHALL DECLARE HIMSELF/HERSELF AS "ABSTAINING" FROM VOTING ON ANY MATTER IN WHICH SAID DIRECTOR OR OFFICER MAY BE CONSIDERED TO HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IPTAY'S BOARD OF DIRECTORS DESIGNATED THE COMPENSATION COMMITTEE TO BE RESPONSIBLE FOR ESTABLISHING COMPENSATION PRACTICES WHICH ARE REASONABLE AND DO NOT VIOLATE THE PRIVATE INUREMENT PROHIBITION. THE COMPENSATION COMMITTEE REVIEWS OUTSIDE, INDEPENDENT DATA TO ESTABLISH THE COMPENSATION LEVEL FOR OFFICERS OTHER THAN THE CEO THROUGH INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEYS OR STUDIES, AND FORM 990 OF OTHER ORGANIZATIONS. THE COMPENSATION COMMITTEE SUBMITS RECOMMENDATIONS FOR COMPENSATION FOR BOARD APPROVAL. THE BOARD OF DIRECTORS REVIEW AND SET FORTH THE COMPENSATION FOR THE CEO USING THE SAME PROCESS AS THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 IPTAY'S BYLAWS, ARTICLES OF INCORPORATION, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON ITS WEBSITE. INFORMATION REGARDING THE FINANCIAL STATEMENTS CAN BE FOUND IN CLEMSON UNIVERSITY'S CAFR. FORM 990 IS AVAILABLE UPON REQUEST TO DAVIS BABB. FORM 990, PART XI, LINE 9: NET ASSET TRANSFERS TO AFFILIATE -64,900. CLEMSON UNIVERSITY G06 SIKES HALL CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC 170(C)(1) N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 CLEMSON UNIVERSITY B 73945652 BOOK VALUE CLEMSON UNIVERSITY J 989600 BOOK VALUE