2026-05-15T13:05:44-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 333 BUSH STREET STE 1000 SAN FRANCISCO CA 94104 990 2024-07-01 941459048 PAC-12 CONFERENCE PAC- 4155804200 12647 ALCOSTA BLVD 5TH FLOOR SAN RAMON CA 94583 QUASHAN LOCKETT COO 4155804200 2026-05-14 1 1 WENDY CAMPOS P00448102 4159561500 2026-05-14 2024 2025-03-06 01:10:19Z TERESA GOULD 12647 ALCOSTA BLVD 5TH FLOOR SAN RAMON CA 94583 111523130 0 X PAC-12.COM X UNINCORPORATED NONPROFIT ASSOCIATION 1959 CA SUPPORT STUDENT-ATHLETE ATHLETIC & ACADEMIC EXCELLENCE IN CONCERT WITH MEMBER UNIVERSITIES. 2 0 211 0 3933484 0 7476302 0 558890528 111233723 266356 289407 0 0 566633186 111523130 394745534 58522466 0 0 57320841 12598980 0 0 0 91383192 62072696 543449567 133194142 23183619 -21671012 127992549 65772776 60516895 19968134 67475654 45804642 X SEE SCHEDULE OTO EMPHASIZE THE WELFARE OF THE STUDENT-ATHLETE THROUGHOUT THE ENTERPRISE AND ENCOURAGE EACH PARTICIPANT IN A CONFERENCE PROGRAM TO ACQUIRE A BACCALAUREATE DEGREE AND THE SKILLS NECESSARY TO FUNCTION AS A PRODUCTIVE MEMBER OF SOCIETY. TO MAXIMIZE THE VALUE OF CONFERENCE AFFILIATION FOR ALL MEMBER INSTITUTIONS IN A MANNER CONSISTENT WITH THE CONFERENCE'S VALUES WHILE MAINTAINING A POSITION OF NATIONAL LEADERSHIP IN THE CONDUCT OF INTERCOLLEGIATE ATHLETICS. TO ADHERE TO THE HIGHEST STANDARDS OF HIGHER EDUCATION, ACADEMIC ACHIEVEMENT, ETHICAL CONDUCT, SPORTSMANSHIP, AND A COMMITMENT TO GENDER EQUITY AND ETHNIC DIVERSITY. TO SUSTAIN THE CONFERENCE'S UNPARALLELED RECORD OF ATHLETIC EXCELLENCE. TO ASSURE EACH MEMBER INSTITUTION'S COMMITMENT TO THE CONFERENCE'S VALUES, AND, IN SO DOING, FOSTER COLLEGIAL RELATIONSHIPS AMONG MEMBERS TO MANAGE THE TENSIONS THAT FREQUENTLY SURFACE IN THE COMPETITIVE ENVIRONMENT. 0 0 110590582 58522466 107300239 THE PAC-12 CONFERENCE ADMINISTERS PROGRAMS FOR AND SERVES ITS MEMBER INSTITUTIONS; COORDINATES REVENUES RECEIVED FROM TELEVISION CONTRACTS, POSTSEASON BOWL AGREEMENTS, BASKETBALL TOURNAMENTS, AFFILIATE REVENUE, ADVERTISING & SPONSORSHIPS; AND DETERMINES DISTRIBUTIONS TO MEMBER INSTITUTIONS TO FUND ATHLETIC PROGRAMS FOR THE BENEFIT OF STUDENT-ATHLETES. ADDITIONALLY, THE CONFERENCE RECEIVES AND ADMINISTERS AN NCAA GRANT RESTRICTED TO IMPROVING OFFICIATING PROGRAMS, ENHANCING ENFORCEMENT AND COMPLIANCE OF NCAA RULES AND REGULATIONS AND ENHANCING OPPORTUNITIES FOR WOMEN AND MINORITY ADMINISTRATORS. 110590582 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 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 1 1 1 0 0 0 1 296 0 1 211 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 2 0 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X TERESA GOULD 4155804200 12647 ALCOSTA BLVD 5TH FLOOR SAN RAMON CA 94583 KIRK SCHULZ CHAIR 1.00 40.00 X X 0 984886 48390 JAYATHI Y MURTHY DIRECTOR 1.00 40.00 X 0 701000 108142 TERESA GOULD COMMISSIONER 40.00 0.00 X 1361901 0 154142 QUASHAN LOCKETT COO/TREASURER 40.00 0.00 X 686667 0 118718 SCOTT PETERSMEYER CHIEF LEGAL OFFICER 40.00 0.00 X 591423 0 102047 LAWRENCE MEYERS EXECUTIVE VP, CONTENT 40.00 0.00 X 717463 0 46520 RYAN CURRIER EXECUTIVE VP, PAC-12 NETWORKS 40.00 0.00 X 647208 0 64971 ERIK HARDENBERGH SENIOR VP OF STRATEGY 40.00 0.00 X 617754 0 66167 MERTON HANKS - EXECUTIVE ASSOC COMMISSIONER, FOOTBALL OPERATIONS 40.00 0.00 X 525085 0 98330 ASHLEY COAKLEY ON-AIR HOST/SENIOR FEATURE PRODUCER 40.00 0.00 X 498236 0 18300 GEORGE KLIAVKOFF FORMER COMMISSIONER 40.00 0.00 X 6132545 0 9865 STEVE TSENG FORMER EXECUTIVE VP, SALES 40.00 0.00 X 550312 0 29837 12328594 1685886 865429 115 1 1 0 MOUNTAIN WEST CONFERENCE 10807 NEW ALLEGIANCE DRIVE COLORADO SPRINGS CO 80921 ADMINISTRATIVE SERVICES 10500000 COOLEY LLP 3 EMBARCADERO CENTER 20TH FL SAN FRANCISCO CA 94111 LEGAL SERVICES 2181442 AKIN GUMP STRAUSS HAUER & FELD DEPT 7247-6827 PHILADELPHIA PA 19170 LEGAL SERVICES 1363471 NAVIGATE MARKETING 211 W WACKER DRIVE STE 300 CHICAGO IL 60606 CONSULTING 1024879 CORNERSTONE RESEARCH INC PO BOX 745900 LOS ANGELES CA 90074 CONSULTING 1022258 53 POST SEASON BOWLS 711210 74430722 74430722 NCAA FUNDS/CONF. EVENT 711210 19655588 19655588 OTHER REVENUE 561000 10184831 10184831 PRODUCTION 541800 3933484 3933484 TELEVISION RIGHTS FEES 516100 3029098 3029098 111233723 120407 120407 169000 0 169000 169000 169000 111523130 107300239 3933484 289407 58522466 58522466 3168850 650616 2518234 6872778 2556364 4316414 745642 314427 431215 1237033 380203 856830 574677 155627 419050 4527056 1911176 2615880 107935 107935 2013851 265413 1748438 334327 1199 333128 1052057 6769 1045288 1917234 1623721 293513 1631250 1191507 439743 467397 392582 74815 49252 49252 195251 195251 12210703 6467797 5742906 1315202 1315202 SPECIAL PROJECTS 31601903 31601903 MISCELLANEOUS EXPENSES 3160922 3160922 OFFICIATING 829219 829219 659137 509419 149718 133194142 110590582 22603560 0 62840033 22946597 25146625 1279051 0 11259902 421008 31500 39946589 18482910 27612229 21463679 4522898 2601845 7449756 6190202 127992549 65772776 50239704 11187467 308883 43215 9968308 8737452 60516895 19968134 X 67475654 45804642 67475654 45804642 127992549 65772776 -21671012 0 X 0 1 X 1 0 X X 2 OREGON STATE UNIVERSITY 936001786 6 1 29345794 0 WASHINGTON STATE UNIVERSITY 916001108 6 1 29176672 0 2 58522466 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 5A: PAC-12 CONFERENCE WENT THROUGH A REALIGNMENT OF THE CONFERENCE. AS PART OF THIS REALIGNMENT, PAC-12 CONFERENCE DISCONTINUED ITS SUPPORT TO 10 SUPPORTED ORGANIZATIONS DURING THE TAX YEAR. THE ORGANIZATIONS LISTED BELOW WERE REMOVED FROM SCHEDULE A PART I, LINE 1G: UNIVERSITY OF ARIZONA (EIN: 74-2652689) ARIZONA STATE UNIVERSITY (EIN: 86-0196696) UNIVERSITY OF CALIFORNIA, BERKELEY (EIN: 94-6002123) UNIVERSITY OF COLORADO (EIN: 84-6000555) UNIVERSITY OF OREGON (EIN: 93-6001786) STANFORD UNIVERSITY (EIN: 94-1156365) UNIVERSITY OF CALIFORNIA, LOS ANGELES (EIN: 95-6006143) UNIVERSITY OF SOUTHERN CALIFORNIA (EIN: 95-1642394) UNIVERSITY OF UTAH (EIN: 87-6000525) UNIVERSITY OF WASHINGTON (EIN: 91-6001537) THE PAC-12 HAD THE AUTHORIZATION TO TAKE THESE ACTIONS UNDER ITS PREVIOUS CONSTITUTION AND BYLAWS AND PURSUANT TO A MARCH 2024 SETTLEMENT AGREEMENT BETWEEN THE PAC-12 CONFERENCE AND ITS THEN CURRENT MEMBERS. PAC-12 CONFERENCE AMENDED ITS GOVERNING DOCUMENTS DURING THE FISCAL YEAR TO UPDATE FOR THE CHANGES WITHIN THE CONFERENCE THAT ALSO REFLECTED THE CHANGE IN SUPPORTED ORGANIZATIONS OF PAC-12. 0 0 0 0 0 0 1 142958 0 1 28875 171833 0 PART II-B, LINE 1: CONTACT WITH FEDERAL AND STATE OFFICIALS AND THEIR STAFF TO PROVIDE INFORMATION AND EDUCATE THEM REGARDING ISSUES RELATED TO POTENTIAL LEGISLATION REGARDING STUDENT-ATHLETES LICENSING THEIR NAME, IMAGE AND LIKENESS FOR COMPENSATION. ENGAGEMENT OF GOVERNMENT RELATIONS FIRMS TO HAVE CONTACT WITH FEDERAL AND STATE OFFICIALS AND THEIR STAFF TO PROVIDE INFORMATION AND EDUCATE THEM REGARDING ISSUES RELATED TO POTENTIAL LEGISLATION REGARDING STUDENT ATHLETES LICENSING THEIR NAME, IMAGE AND LIKENESS FOR COMPENSATION. 12052616 2476384 9576232 27879053 15992702 11886351 14920 13824 1096 21463679 RIGHT OF USE 5912458 DEPOSITS 277744 6190202 LEASE LIABILITY 8737452 8737452 X PART X, LINE 2: THE PAC-12 APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE PAC-12 RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE PAC-12 RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AS OF JUNE 30, 2025 AND 2024, THERE WERE NO UNCERTAIN TAX POSITIONS. 1 OREGON STATE UNIVERSITY 1500 SACKETT HALL CORVALLIS OR 97331 936001786 115 29345794 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS WASHINGTON STATE UNIVERSITY FRENCH ADMINISTRATION BUILDING 42 PULLMAN WA 99164 916001108 115 29176672 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS 2 0 PART I, LINE 2: THE CONFERENCE ACTS AS AN INTERMEDIARY AND COLLECTS CASH RECEIPTS ON BEHALF OF THE MEMBER SCHOOLS FROM CERTAIN CONTRACTS AND DISTRIBUTES SUCH AMOUNTS TO MEMBER SCHOOLS. THE CONFERENCE DOES NOT ATTACH PARAMETERS TO OR REQUIRE REPORTING ON HOW THE FUNDS ARE UTILIZED. X X X 1 0 0 0 0 1 0 0 0 GEORGE KLIAVKOFF FORMER COMMISSIONER 1165936 0 0 0 4966609 0 0 0 9865 0 6142410 0 0 0 TERESA GOULD COMMISSIONER 1000000 0 350000 0 11901 0 111236 0 42906 0 1516043 0 0 0 KIRK SCHULZ CHAIR 0 753125 0 201761 0 30000 0 34500 0 13890 0 1033276 0 0 JAYATHI Y MURTHY DIRECTOR 0 689000 0 0 0 12000 0 41400 0 66742 0 809142 0 0 QUASHAN LOCKETT COO/TREASURER 460585 0 222781 0 3301 0 73119 0 45599 0 805385 0 0 0 LAWRENCE MEYERS EXECUTIVE VP, CONTENT 378766 0 235045 0 103652 0 13800 0 32720 0 763983 0 0 0 RYAN CURRIER EXECUTIVE VP, PAC-12 NETWORKS 279374 0 202978 0 164856 0 13800 0 51171 0 712179 0 0 0 SCOTT PETERSMEYER CHIEF LEGAL OFFICER 389880 0 189066 0 12477 0 64636 0 37411 0 693470 0 0 0 ERIK HARDENBERGH SENIOR VP OF STRATEGY 274576 0 202813 0 140365 0 46329 0 19838 0 683921 0 0 0 MERTON HANKS - EXECUTIVE ASSOC COMMISSIONER, FOOTBALL OPERATIONS 360569 0 160036 0 4480 0 57835 0 40495 0 623415 0 0 0 STEVE TSENG FORMER EXECUTIVE VP, SALES 300523 0 173769 0 76020 0 7268 0 22569 0 580149 0 0 0 ASHLEY COAKLEY ON-AIR HOST/SENIOR FEATURE PRODUCER 224847 0 139500 0 133889 0 9090 0 9210 0 516536 0 0 0 PART I, LINE 4A GEORGE KLIAVKOFF RECEIVED SEVERANCE OF $4,958,333 IN FYE 2025. LAWRENCE MEYERS RECEIVED SEVERANCE OF $96,429 IN FYE 2025. RYAN CURRIER RECEIVED SEVERANCE OF $161,950 IN FYE 2025. ERIK HARDENBERGH RECEIVED SEVERANCE OF $137,500 IN FYE 2025. STEVE TSENG RECEIVED SEVERANCE OF $71,290 IN FYE 2025. ASHLEY COAKLEY RECEIVED SEVERANCE OF $131,153 IN FYE 2025. PART I, LINE 6 SALES MANAGEMENT RECEIVE BONUSES BASED ON ADVERTISING AND SPONSORSHIP REVENUE GENERATED. FORM 990, PART VI, SECTION A, LINE 4 THE GOVERNING DOCUMENTS WERE AMENDED DURING THE YEAR TO REVISE FOR A REALIGNMENT OF THE PAC-12 CONFERENCE. THE SIGNIFICANT CHANGES THAT WERE MADE TO THE GOVERNING DOCUMENTS WERE RELATED TO A CHANGE IN MEMBERS/SUPPORTED ORGANIZATIONS FROM TWELVE MEMBERS TO TWO MEMBERS. ALL APPLICABLE AREAS OF THE GOVERNING DOCUMENTS WERE REVISED TO REFLECT THIS CHANGE. SEE PART VI DISCLOSURE OF SCHEDULE A FOR FURTHER INFORMATION ON THIS CHANGE IN MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER SCHOOLS, WHICH ARE THE SUPPORTED ORGANIZATIONS, ARE THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE POWER TO ELECT ONE REPRESENTATIVE TO THE GOVERNING BODY, WHICH WILL EITHER BE THE PRESIDENT OR CHANCELLOR ROLE AT EACH MEMBER ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE BOARD FINANCE COMMITTEE AND DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST TO THE OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ESTABLISHED THE AMOUNT OF COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION AND WAS PERFORMED AT THE INITIATION OF THE CONTRACT. THE CHIEF EXECUTIVE OFFICER ESTABLISHED THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFERENCE BYLAWS ARE INCLUDED IN THE MEMBER HANDBOOK WHICH IS POSTED ONLINE. THE ORGANIZATION DOES NOT MAKE FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC DISCLOSURE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. 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