2021-03-03T08:34:07-06:00 2020-06-30 560574444 CHERRY BEKAERT LLP 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2019-07-01 465666637 IPTAY IPTA 8646562115 PO BOX 1529 CLEMSON SC 29633 DAVIS BABB CEO 8646562115 2021-02-25 1 AMANDA ADAMS P00748038 8642333981 2019 2022-09-23 18:48:47Z DAVIS BABB PO BOX 1529 CLEMSON SC 29633 74316345 0 X HTTPS://WWW.IPTAYCUAD.COM X 2014 SC SUPPORT OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS 20 18 0 27 0 0 1059749 319200 57881585 55716663 1876508 1095546 0 0 60817842 57131409 57567643 55152036 0 0 0 0 0 0 0 1121932 1313072 58689575 56465108 2128267 666301 99709837 104768916 2716816 6199137 96993021 98569779 SUPPORT OF CLEMSON UNIVERSITY ATHLETIC PROGRAMS 0 0 55152036 55152036 55716663 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. 55152036 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 SC X LISA MARCUS DIRECTOR ARO 8646561873 391 COLLEGE AVE STE 302 CLEMSON SC 29634 BOB RIGGINS PRESIDENT 1.00 0.00 X X 0 0 0 JOHN RUTLAND SECRETARY 1.00 0.00 X X 0 0 0 BILLY MILAM TREASURER 1.00 0.00 X X 0 0 0 MARY ANN BIGGER DIRECTOR 1.00 0.00 X 0 0 0 LYNN CAMPBELL DIRECTOR 1.00 0.00 X 0 0 0 JAMES CLEMENTS DIRECTOR, PRESIDENT CLEMSON UNIV. 1.00 36.50 X 0 986661 77768 MIKE CRAPPS DIRECTOR 1.00 0.00 X 0 0 0 CHARLES E DALTON DIRECTOR 1.00 0.00 X 0 0 0 JEAN DESDUNES DIRECTOR 1.00 0.00 X 0 0 0 MIKE DOWLING DIRECTOR 1.00 0.00 X 0 0 0 FRED FAIRCLOTH DIRECTOR 1.00 0.00 X 0 0 0 BEN GRIFFITH DIRECTOR 1.00 0.00 X 0 0 0 MARTHA JANE HODGE DIRECTOR 1.00 36.50 X 0 106256 12432 JOHN N MCCARTER JR DIRECTOR 1.00 0.00 X 0 0 0 BOB PEELER DIRECTOR 1.00 0.00 X 0 0 0 EDDIE M ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 ANDREW SMART DIRECTOR 1.00 0.00 X 0 0 0 CJ SPILLER DIRECTOR 1.00 0.00 X 0 0 0 JOE TODD DIRECTOR 1.00 0.00 X 0 0 0 BRIANNA WOODSBY DIRECTOR 1.00 0.00 X 0 0 0 DAVIS C BABB CEO 37.50 0.00 X 0 347012 73536 GRAHAM R NEFF CFO 1.00 36.50 X 0 253230 32006 DANIEL RADAKOVICH JR ATHLETIC DIRECTOR CLEMSON 1.00 36.50 X 0 1098343 38114 0 2791502 233856 0 0 1 0 CLEMSON UNIVERSITY FOUNDATION PO BOX 1889 CLEMSON SC 296331889 INVESTMENT MANAGMENT 191596 BROWN BROTHERS HARRIMAN 140 BROADWAY NEW YORK NY 10005 INVESTMENT MANAGMENT 105511 2 X 30720 288480 319200 PROGRAMMATIC SUPPORT 711300 55716663 55716663 55716663 1112453 1112453 17168029 17184936 -16907 -16907 -16907 57131409 55716663 0 1095546 55152036 55152036 17408 17408 648575 648575 13738 13738 CREDIT CARD FEES 633351 633351 56465108 55152036 1313072 0 13401692 9608778 6135554 9093044 21952256 26610282 593403 847074 48077194 48021527 9549712 10567870 26 20341 99709837 104768916 106912 81214 2609904 6117923 2716816 6199137 X 68222183 61630559 28770838 36939220 96993021 98569779 99709837 104768916 666301 910457 0 X 0 1 X 1 0 X X X 1 CLEMSON UNIVERSITY 576000254 6 1 55152036 0 1 55152036 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 55816533 55816533 1000000 250000 0 0 1000000 1000000 1000000 3000000 4500000 250000 250000 250000 750000 1125000 51966121 15081650 194270 10574723 56667318 53430886 9476120 2469247 13410132 51966121 46528251 9862553 2398936 5358854 53430886 46829849 11853466 2550558 14705622 46528251 39053060 18523467 -175617 10571061 46829849 0.54400 0.03680 0.41920 0 1 1 0 INVESTMENTS - DOMESTIC EQUITIES 964859 F FUNDS HELD IN TRUST BY AN AFFILIATE MEASURED AT NAV 9603011 F 10567870 DUE TO CLEMSON UNIVERSITY 1440832 REFUND LIABILITY 4677091 6117923 X 57393291 910457 910457 56482834 648575 648575 57131409 55816533 0 55816533 648575 648575 56465108 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. PERMANENT ENDOWMENTS AND TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE INTENDED TO SUPPORT CLEMSON UNIVERSITY ATHLETIC PROGRAM OPERATIONS. PART X, LINE 2: IPTAY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME UNDER SECTION 501(A) OF THE CODE AND DESCRIBED AS AN ORGANIZATION IN SECTION 501(C)(3) OF THE CODE. ACCORDINGLY, ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 513 OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. 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 THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2020; ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 29634 576000254 170(C)(1) 55152036 OPERATING EXPENSES OF INTERCOLLEGIATE ATHLETICS 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). 0 0 0 0 0 0 0 0 0 JAMES CLEMENTS DIRECTOR, PRESIDENT CLEMSON UNIV. 0 306144 0 0 0 680517 0 59193 0 18575 0 1064429 0 0 DAVIS C BABB CEO 0 293535 0 0 0 53477 0 59338 0 14198 0 420548 0 0 GRAHAM R NEFF CFO 0 236632 0 0 0 16598 0 11990 0 20016 0 285236 0 0 DANIEL RADAKOVICH JR ATHLETIC DIRECTOR CLEMSON 0 292623 0 0 0 805720 0 13500 0 24614 0 1136457 0 0 SCHEDULE J, LINE 3 COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR AND ANY OTHER EMPLOYEES OF CLEMSON UNIVERSITY THAT PROVIDE SERVICES TO IPTAY SHALL BE ESTABLISHED THROUGH THE UNIVERSITY HUMAN RESOURCES DEPARTMENT WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. SCHEDULE J, PART II IPTAY HAS NO EMPLOYEES. IPTAY PROVIDES FUNDING TO SUPPORT CLEMSON UNIVERSITY EMPLOYEES SUPPORTING IPTAY OPERATIONS AS PART OF THE MONTHLY CONTRIBUTION OF FUNDS FROM IPTAY TO CLEMSON UNIVERSITY. 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 CLEMSON UNIVERSITY EMPLOYEE COMPENSATION SUPPORTING IPTAY OPERATIONS IS DETERMINED THROUGH THE UNIVERSITY HUMAN RESOURCES DEPARTMENT WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. 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 VIII, LINE 2A IPTAY RECEIVES CONTRIBUTIONS FROM MEMBER DUES FOR WHICH BENEFITS ARE PROVIDED THAT RELATE TO CLEMSON UNIVERSITY ATHLETIC EVENTS. DUE TO CHANGES IN THE LAW REGARDING THE DEDUCTIBILITY OF CONTRIBUTIONS CONNECTED WITH THE PROVISION OF SEATING RIGHTS AT ATHLETIC EVENTS AND THE DIFFICULTY IN QUANTIFYING THE VALUE OF SUCH BENEFITS, IPTAY HAS REPORTED AS PROGRAMMATIC SUPPORT IN PART VIII ALL CONTRIBUTIONS FROM MEMBERS WHERE THE DONOR DID NOT DECLINE THE RECEIPT OF BENEFITS. CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER R CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC 170(C)(1) N/A 0 CLEMSON UNIVERSITY FOUNDATION PO BOX 1889 CLEMSON SC 296331889 570426335 RECEIVE GIFTS AND MANAGE ENDOWMENTS SC 501(C)(3) LINE 5 N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 1 0 CLEMSON UNIVERSITY B 55152036 CASH TRANSFERRED CLEMSON UNIVERSITY J 798501 BOOK CLEMSON UNIVERSITY O 1698585 BOOK CLEMSON UNIVERSITY R 1440832 CASH TRANSFERRED