Overview
What is Southeastern Conference?
The Southeastern Conference (SEC) is a nonprofit organization based in Birmingham, Alabama. With a team of 49 employees, their primary mission is to promote and administer intercollegiate athletic competition among fourteen higher education institutions located in the Southeastern United States. They support their member institutions in maintaining athletic programs that uphold the highest standards of education and competitive sports. The SEC generates revenue from television rights, ticket sales, and other related sources for football, basketball, baseball, soccer, and gymnastics competitions. These funds are distributed among the members to strengthen their athletic programs.
Official website here: www.secsports.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
The Southeastern Conference has received an 85% rating, which indicates a strong performance, particularly in the area of Accountability & Finance. The organization maintains a fully independent board, consisting of 14 members, and has effective oversight measures in place. Their financial management practices are solid, with no material diversions of assets and a high program expense ratio, showcasing their commitment to directing funds towards their mission.
While the overall rating reflects positive attributes, the organization scored lower in the liabilities to assets ratio, which stands at 64.67%. This metric suggests that while the conference is financially accountable, there may be some concerns regarding financial stability. Nevertheless, their proactive policies on conflicts of interest, whistleblowing, and document retention contribute to their high accountability score.
In summary, the Southeastern Conference demonstrates a strong commitment to transparency and financial responsibility, earning a respectable three-star rating. The identified areas for improvement highlight the importance of ongoing financial health monitoring to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Southeastern Conference legitimate?
Southeastern Conference is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern Conference submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,450,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,619,110
For more financial information, click here
Official website here: www.secsports.com
What is the mission statement of Southeastern Conference?
The Southeastern Conference (SEC) is a organization that fosters intercollegiate athletic competition among fourteen non-profit institutions of higher education in the southern United States. Its primary goal is to maintain programs of intercollegiate athletics that align with the highest standards of education and competitive sports. The SEC generates revenue through the distribution of proceeds from television rights, ticket sales, and other earnings derived from regular and post-season football, basketball, baseball, soccer, and gymnastics competitions. The conference aims to promote and administer athletic events, while providing assistance to its member institutions in their pursuit of excellence in both academics and athletics.
Official website here: www.secsports.com
Who is the CEO of Southeastern Conference?
Mr Greg Sankey is the Director (Univ. Of Ky of Southeastern Conference.
Official website here: www.secsports.com
What is the revenue of Southeastern Conference?
Southeastern Conference's revenue in 2022 was $802,021,967.
Official website here: www.secsports.com
Who are the executives of Southeastern Conference and what are their salaries?
The average compensation at Southeastern Conference during 2022 was $205,492. There are 49 employees at Southeastern Conference.
Here are 23 key members and their salaries:
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- Compensation: $474,238
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- Other: $58,107
Official website here: www.secsports.com
Where can I find the form 990 for Southeastern Conference?
Southeastern Conference's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.secsports.com
Learn more at the official website: www.secsports.com
Mission Statement of Southeastern Conference
The Southeastern Conference (SEC), a renowned organization composed of fourteen non-profit institutions of higher education in the southeastern United States, is dedicated to the promotion and administration of intercollegiate athletic competition among its members. It aims to uphold the highest standards of education and competitive sports.
The SEC's mission is multifaceted. It primarily focuses on organizing and managing intercollegiate athletic competitions for its member institutions. These competitions span various sports such as football, basketball, baseball, soccer, and gymnastics. By doing so, the SEC not only fosters healthy athletic rivalries but also provides a platform for student-athletes to showcase their skills and talents on a larger stage.
Furthermore, the SEC plays a crucial role in supporting its member institutions in maintaining their athletic programs. This assistance ensures that the programs remain compatible with the highest academic standards. The organization generates revenue through various sources, including television rights, ticket sales, and other receipts related to regular and post-season competitions. These revenues are then distributed among the member institutions to help them sustain and enhance their athletic programs.
In summary, the Southeastern Conference is an essential catalyst for intercollegiate athletic competition in the southeastern United States. It brings together fourteen distinguished institutions of higher education and facilitates athletic rivalries while maintaining a commitment to the highest standards of education. The organization's mission is to promote and administer athletic competitions and provide necessary assistance to its members, ensuring their athletic programs remain successful and compatible with academic excellence.
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Impact
October, 2024
The Southeastern Conference (SEC) significantly influences intercollegiate athletics across the Southeastern United States. By promoting and administering athletic competition among its 14 member institutions, the SEC enhances the visibility and reputation of college sports within the region.
The conference plays a central role in the distribution of revenues generated from television rights, ticket sales, and other financial receipts related to various sports, including football, basketball, baseball, soccer, and gymnastics. This revenue not only supports the operational needs of member institutions but also helps maintain high standards in both athletics and academics.
The SEC's commitment to fostering competitive sports programs aligns closely with educational excellence, allowing colleges to create environments where student-athletes can thrive both on the field and in the classroom. This dual focus enhances the overall collegiate experience, draws talent to the region, encourages community engagement, and contributes to the cultural fabric of the Southeastern United States.
Overall, the Southeastern Conference plays a pivotal role in shaping the landscape of college athletics, promoting healthy competition, and ensuring that institutions uphold high standards of education in conjunction with their athletic programs.
This information is meant to be a general summary of Southeastern Conference. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,078,615
- Program Service Revenue: $782,472,158
- Gross Receipts: $2,886,320,809
Assets and Liabilities:
- Total Assets: $511,721,586
- Total Liabilities: $350,000,000
- Net Assets: $161,721,586
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TV/RADIO RIGHT FEES
Revenue
$540,122,670
POST SEASON EVENTS
Revenue
$242,349,488
Organization Details
Founding Year
1933
Phone
(205) 458-3000Principal Officer
Mr Greg Sankey
Main Address
2201 RICHARD ARRINGTON JR BLVD N, BIRMINGHAM, AL, 35203
Website
www.secsports.comNTEE Category
Code: N700 - Recreation
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