Southeastern Conference FY2024 filing

Tax-deductible

Birmingham, AL501(c)(3)Since 1933Recreation & SportsEIN 63-0377461Revenue $839.7M in FY2024

On file with the IRSsecsports.com2201 Richard Arrington JR Blvd N, 35203-1103 · Birmingham, ALTax-exempt since Sep 1959Publicly supported — 509(a)(2)

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To promote and administer intercollegiate athletic competition among its fourteen member non-profit institutions of higher education located in the Southeastern united states and assist member institutions in the maintenance of programs of intercollegiate athletics which are compatible with the highest standards of education and competitive sports.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$7.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.5M a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7.2M
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $63.0M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$350.0M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$839.7M
-2% vs prior year
Spent
$898.8M
To programs
94%
Net assets
$132.1M
By yearFY2020–FY2025
Revenue
$839.7M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$729.0M
FY2021$833.4M
FY2022$802.0M
FY2023$852.6M
FY2024$839.7M
FY2025$1.1B
Expenses
$898.8M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$696.6M
FY2021$832.7M
FY2022$782.1M
FY2023$823.1M
FY2024$898.8M
FY2025$1.1B
Net assets
$132.1M
FY2024▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$141.1M
FY2021$141.8M
FY2022$161.7M
FY2023$191.2M
FY2024$132.1M
FY2025$117.7M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $843.1M Management & general 6% · $55.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $7.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Commissioner
$4,224,798Pt VII · Sec A
Deputy Commissioner
$786,778Pt VII · Sec A
Associate Commissioner
$735,313Pt VII · Sec A
Corrdinator of Football of
$491,584Pt VII · Sec A
Executive Assoc. Commissio
$490,294Pt VII · Sec A
Associate Commissioner
$487,641Pt VII · Sec A
Director (univ. of Mo)
$0Pt VII · Sec A
Director (univ. of Tn)
$0Pt VII · Sec A

Mr Greg Sankey’s $4.8M as Commissioner is at the 81st percentile of top reported officer pay among 21 $100M+ recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mr Greg Sankey$4,757,734$4,224,798$3,553,486$3,723,394$2,930,711$2,873,722
Charles Hussey$788,111$786,778$592,188$467,414$412,766$301,132
William King$784,730$735,313$713,400$716,916$685,043$671,684
Mark Womack$540,600$490,294$475,740$469,865$456,602$446,832
Tiffany Daniels$535,871$487,641$376,809$364,885$310,718$299,467
John McDaid$492,817$491,584$448,634$474,238$364,883—
Herb Vincent—————$267,163

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Southeastern Conference executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Organizes and oversees college athletic competitions for southeastern universities, upholding high educational and sports standards.

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Provided by the organization

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3 programs · $834.4M · in their own filed words · FY2023
01

Distribution of revenues received from television rights, ticket sales and other receipts related to regular and post-season football, basketball, baseball, soccer and gymnastic competition.

$790.7Mprogram expense
02

Expenses incurred hosting sec post-season tournaments, championships and advancement of conference teams to national tournaments and championships. Revenues associated with these events are included in item 4a above.

$34.7Mprogram expense
03

Grants, scholarships, fellowships to scholar athletes, minority employees, member institutions to promote drug education, compliance, higher education, needy student athlete assistance, etc.

$8.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 129 grants · $50.2M · 2019–2024
University of TennesseeFY2024$548,260
University of MississippiMS · FY2024$544,551
University of South CarolinaFY2024$543,379
Mississippi State UniversityMS · FY2024$542,634
University of MissouriFY2024$540,690
University of KentuckyFY2024$540,094
Auburn UniversityFY2024$539,931
University of ArkansasFY2024$535,313
Texas A&m UniversityFY2024$534,109
Vanderbilt UniversityTN · FY2024$515,512
Unitemized GrantFY2024$200,000
Unitemized GrantFY2024$187,123
Unitemized GrantFY2024$165,000
University of TexasFY2024$135,486
See all 129 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$839.7M
Ln 12
Fees for servicesLn 2g$800.9M
Investment incomeLn 3$20.9M
Other incomeLn 4–11$9.6M
Money outPt IX
$898.8M
Ln 25
Programscol B$843.1M
Managementcol C$55.6M
Owns and owesPt X
$132.1M
net assets · Ln 32
Cash and savingsLn 1–2$407.2M
Total assetsLn 16$482.1M
LiabilitiesLn 26$350.0M
PeoplePt VI, VII
24
listed · VII A
PaidVII A6
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Fees for servicesLn 2g$800.9M
Investment incomeLn 3$20.9M
Other incomeLn 4–11$9.6M
Gains on assetsLn 7$7.5M
Total revenueLn 12$839.7M
Assets in detailPt X, end of year
CashLn 1$47.8M
SavingsLn 2$359.5M
Cash and savings togetherLn 1–2$407.2M
InvestmentsLn 11–13$74.9M
Total assetsLn 16$482.1M
LiabilitiesLn 26$350.0M
Net assetsLn 32$132.1M
OperationsPt I, VI
EmployeesI 546
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$405.5M$407.2M
InvestmentsLn 11–13$135.7M$74.9M
Total assetsLn 16$541.2M$482.1M
LiabilitiesLn 26$350.0M$350.0M
Net assetsLn 32$191.2M$132.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.1M$8.1M
Grants to domestic individualsLn 2$872K$872K
Benefits paid to or for membersLn 4$790.7M$790.7M
Pay of current officers, directors and key staffLn 5$4.7M$4.7M
Other salaries and wagesLn 7$8.2M$8.2M
Pension plan contributionsLn 8$942K$942K
Other employee benefitsLn 9$987K$987K
Payroll taxesLn 10$1.0M$1.0M
Legal feesLn 11b$4.3M$4.3M
Accounting feesLn 11c$81K$81K
Lobbying feesLn 11d$1.3M$1.3M
Other fees for servicesLn 11g$1.5M$1.5M
Advertising and promotionLn 12$3.0M$3.0M
Office expensesLn 13$357K$357K
OccupancyLn 16$511K$511K
TravelLn 17$1.2M$1.2M
Conferences, conventions and meetingsLn 19$3.0M$3.0M
InterestLn 20$24.6M$24.6M
InsuranceLn 23$994K$994K
Other expenses (24a–d)Ln 24$42.3M$42.2M$108K
All other expensesLn 24e$64K$64K
Total functional expensesLn 25$898.8M$843.1M$55.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1B$1.1B−$14.5M$117.7M 990 PDF
FY2024 Viewing $839.7M$898.8M−$59.0M$132.1M 990 PDF
FY2023 $852.6M$823.1M$29.4M$191.2M 990 PDF
FY2022 $802.0M$782.1M$19.9M$161.7M 990 PDF
FY2021 $833.4M$832.7M$713K$141.8M 990 PDF
FY2020 $729.0M$696.6M$32.4M$141.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $839,744,771 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,586,301$8,319,150
I-9 Program service revenuePrior year $818,466,173$800,856,233
I-10 Investment incomePrior year $14,652,866$20,925,963
I-11 Other revenuePrior year $9,871,941$9,643,425
I-12 Total revenuePrior year $852,577,281$839,744,771
I-13 Grants and similar amounts paidPrior year $8,904,887$8,932,643
I-14 Benefits paid to membersPrior year $717,971,102$790,749,300
I-15 Salaries and benefitsPrior year $14,807,614$15,794,573
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $81,463,529$83,277,915
I-18 Total expensesPrior year $823,147,132$898,754,431
I-19 Revenue less expensesPrior year $29,430,149−$59,009,660
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $839,744,771 across 7 lines filed
VIII-1f All other contributions, gifts and grants$8,319,150
VIII-1h Total contributions, gifts and grants$8,319,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $800,856,233$800,856,233
VIII-3 Investment incomeExcluded from tax $13,453,399$13,453,399
VIII-5 RoyaltiesExcluded from tax $9,643,425$9,643,425
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,472,564$7,472,564
VIII-12 Total revenueRelated to mission $800,856,233 · Unrelated business $0 · Excluded from tax $30,569,388$839,744,771
Part IX · Statement of functional expenses $898,754,431 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $8,060,942$8,060,942
IX-2 Grants to domestic individualsPrograms $871,701$871,701
IX-4 Benefits paid to or for membersPrograms $790,749,300$790,749,300
IX-5 Pay of current officers, directors and key staffManagement $4,650,000$4,650,000
IX-7 Other salaries and wagesManagement $8,175,554$8,175,554
IX-8 Pension plan contributionsManagement $942,084$942,084
IX-9 Other employee benefitsManagement $986,969$986,969
IX-10 Payroll taxesManagement $1,039,966$1,039,966
IX-11b Legal feesManagement $4,332,628$4,332,628
IX-11c Accounting feesManagement $80,959$80,959
IX-11d Lobbying feesPrograms $1,285,462$1,285,462
IX-11g Other fees for servicesManagement $1,547,401$1,547,401
IX-12 Advertising and promotionManagement $3,027,930$3,027,930
IX-13 Office expensesManagement $356,656$356,656
IX-16 OccupancyManagement $510,649$510,649
IX-17 TravelManagement $1,156,256$1,156,256
IX-19 Conferences, conventions and meetingsManagement $3,044,211$3,044,211
IX-20 InterestManagement $24,613,346$24,613,346
IX-23 InsuranceManagement $994,408$994,408
IX-24 Other expenses (24a–d)Programs $42,156,375 · Management $107,958$42,264,333
IX-24e All other expensesManagement $63,676$63,676
IX-25 Total functional expensesPrograms $843,123,780 · Management $55,630,651 · Fundraising $0$898,754,431
Part X · Balance sheet $482,142,075 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $39,788,125$47,759,937
X-2 Savings and temporary cash investmentsStart of year $365,702,131$359,453,181
X-11 Publicly traded securitiesStart of year $10,527,927$11,503,245
X-12 Other securitiesStart of year $120,358,065$57,199,132
X-13 Program-related investmentsStart of year $4,775,487$6,226,580
X-16 Total assetsStart of year $541,151,735$482,142,075
X-25 Other liabilitiesStart of year $350,000,000$350,000,000
X-26 Total liabilitiesStart of year $350,000,000$350,000,000
X-32 Total net assets or fund balancesStart of year $191,151,735$132,142,075
X-33 Total liabilities and net assetsStart of year $541,151,735$482,142,075
Part XI · Reconciliation of net assets $132,142,075 net assets at year end
XI-1 Total revenue$839,744,771
XI-2 Total expenses$898,754,431
XI-3 Revenue less expenses−$59,009,660
XI-4 Net assets at start of year$191,151,735
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$132,142,075

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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