2024-05-15T13:35:29-05:00 2023-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-07-01 363640583 The Big Ten Conference Inc BIGT 8476961010 5440 Park Place Rosemont IL 60018 Laura Anderson Chief Financial Officer 8476961010 2024-05-14 1 Laura Anderson XXX-XX-XXXX 1 Rebekuh Eley P01247672 3126343400 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Anthony Petitti 5440 Park Place Rosemont IL 60018 880999143 0 X www.BigTen.org X 1987 DE The Big Ten Conference ("Big Ten or "Conference") is an association of world-class universities whose member institutions share a common mission of research, graduate, professional and undergraduate teaching and public service. Founded in 1896, the Big Ten has sustained a comprehensive set of shared practices and policies that enforce the priority of academics in student-athletes' lives and emphasize the values of integrity, fairness and competitiveness. 13 0 77 0 0 0 0 0 819501508 845908274 24962124 32580075 1177099 1374783 845640731 879863132 812503337 844124194 0 0 13353577 20306669 0 0 0 25389715 32995525 851246629 897426388 -5605898 -17563256 336066093 352880095 80751943 105961629 255314150 246918466 X The Big Ten Conference is an association of world-class universities whose member institutions share a common mission of research, graduate, professional and undergraduate teaching and public service. Founded in 1896, the Big Ten has sustained a comprehensive set of shared practices and policies that enforce the priority of academics in student-athletes' lives and emphasize the values of integrity, fairness and competitiveness. 0 0 887416130 844124194 845908274 The Conference collects revenue on behalf of the member schools from television contracts, bowl games, football championship game, and basketball tournaments, as well as grants from the National Collegiate Athletic Association (NCAA), and remits the revenue to the member schools' athletic department. 887416130 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 113 0 1 77 1 0 0 0 0 0 0 0 0 0 0 1 0 X 13 0 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 0 IL X Laura Anderson 8476961010 5440 Park Place Rosemont IL 60018 Morton Schapiro Chair (until 9/11/22) 2.00 40.00 X 0 4573336 311993 Kristina Johnson Director (until 11/13/22) 2.00 40.00 X 0 1017233 374879 Samuel Stanley Director (until 11/4/22) 2.00 40.00 X 0 997980 49815 Mitch Daniels Director (until 1/1/23) 2.00 40.00 X 0 930606 64279 Jonathan Holloway Director 2.00 40.00 X 0 1014698 41582 Joan TA Gabel Director (until 6/9/23) 2.00 40.00 X 0 732708 293219 Robert Jones Chair 2.00 40.00 X 0 873227 59006 Darryll Pines Director 2.00 40.00 X 0 812284 23858 Ronald Green Director (until 6/30/23) 2.00 40.00 X 0 742324 49183 Pamela Whitten Director 2.00 40.00 X 0 817061 289530 Barbara Wilson Director 2.00 40.00 X 0 638833 62768 Neeli Bendapudi Director 2.00 40.00 X 0 1239729 41853 Mung Chiang Director 2.00 40.00 X 0 0 0 Jeff Ettinger Director 2.00 40.00 X 0 0 0 Santa Ono Director 2.00 40.00 X 0 250980 35447 Teresa Woodruff Director 2.00 40.00 X 0 598060 52018 Michael Schill Director 2.00 40.00 X 0 367547 37171 Jennifer Mnookin Director 2.00 40.00 X 0 346136 33381 John Scholz Director (until 8/3/22) 2.00 40.00 X 0 537747 90053 Mary Sue Coleman Director (until 10/14/22) 2.00 40.00 X 0 843195 341244 Kevin Warren Commissioner (until 4/16/23) 40.00 0.00 X 2902106 0 810721 Chad Hawley Secretary 40.00 0.00 X 290360 0 44571 Laura Anderson CFO/Treasurer 40.00 0.00 X 320017 0 60643 Tony Petitti Commissioner 40.00 0.00 X 0 0 0 Diana Sabau Deputy Commissioner 40.00 0.00 X 518275 0 57135 Nathaniel Schander Chief Information Officer 40.00 0.00 X 348950 0 74237 Anil Gollahalli General Counsel 40.00 0.00 X 347220 0 21541 Kerry Kenny Chief Operating Officer 40.00 0.00 X 274091 0 47327 Jonathan Schwartz SVP, Communications 40.00 0.00 X 282663 0 54733 Mark S Schlissel Former Director 0.00 0.00 X 0 395398 233535 Eric J Barron Former Director 0.00 0.00 X 0 1992993 44755 Rebecca M Blank Former Director 0.00 0.00 X 0 358083 17062 James E Delany Former Commissioner 0.00 0.00 X 3031283 0 2831447 8314965 20080158 6548986 27 1 1 0 Mayer Brown 2027 Collection Center Chicago IL 60693 Legal Services 2153271 Revel XP 2111 Marvyn Parkway Opelika AL 36804 Event Enhancement Services 983696 Proskauer Rose 70 W Madison St Ste 3800 Chicago IL 60602 Legal Services 982125 DVSport 1 Penn Center West Suite 200 Pittsburgh PA 15276 Officiating Technology 819000 BLACAA Enterprises LLC 2901 W Beltline Hway Ste 201 Madison WI 53713 Consulting Services 751246 38 Sports Revenue 900099 794574718 794574718 Operating Revenue 900099 45956678 45956678 Championship Events 900099 2551878 2551878 Sponsorship & Media Events 900099 1635000 1635000 University Assessments 900099 1190000 1190000 845908274 33539292 33539292 952937 952937 448195 176794 271401 271401 271401 959217 -959217 -959217 -959217 150445 150445 150445 879863132 845908274 0 33954858 843959194 843959194 165000 165000 8694731 8594731 100000 7977715 7189977 787738 805427 725897 79530 1052723 727602 325121 1776073 1713227 62846 4946129 4946129 161302 161302 439647 439647 5373314 5373314 651752 651752 174613 87307 87306 970035 485018 485017 1185112 592556 592556 1687445 1482017 205428 343574 343574 1095125 1095125 1521528 1136215 385313 928540 464270 464270 Championship Events 5509982 5509982 Officiating 4142873 4142873 Programming Initiatives 1657710 1657710 Promotional Events 1155121 1155121 1051723 819146 232577 897426388 887416130 10010258 0 43115383 21661516 0 53201173 2764444 1152019 114598601 85698950 333017 293041 34968110 12022445 15827888 22945665 15056770 17697993 135304803 142323961 4110249 3415627 4954938 4490150 336066093 352880095 3605123 9023667 305552 373670 31000000 23000000 45841268 73564292 80751943 105961629 X 240257380 231232727 15056770 15685739 255314150 246918466 336066093 352880095 X -17563256 1322733 7844839 X 0 1 X 1 0 X X 14 University of Illinois 376000511 6 1 60556605 0 Indiana University 356001673 6 1 60556605 0 University of Iowa 426004813 6 1 60556605 0 University of Maryland-College Park 526002033 6 1 58814967 0 University of Michigan 386006309 6 1 60481605 0 Michigan State University 386005984 6 1 60656605 0 University of Minnesota 416007513 6 1 60481605 0 University of Nebraska-Lincoln 470049123 6 1 60481605 0 Northwestern University 362167817 2 1 60556605 0 Ohio State University 316025986 6 1 60481605 0 Pennsylvania State University 246000376 6 1 60556605 0 Purdue University 356002041 6 1 60556605 0 Rutgers The State Univ of New Jersey 226001086 6 1 58739967 0 University of Wisconsin 391805963 6 1 60481605 0 14 843959194 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Schedule A, Part IV, Section A, Line 2: Some supported organizations are State Colleges or Universities that are not required to obtain an IRS determination letter. The Big Ten Conference determined the activities would be described in Section 509(a)(1) or 509(a)(2). 0 0 0 0 0 0 1 0 1 439647 439647 0 Part II-B, Line 1: The Big Ten Conference engages lobbyists to discuss student athlete initiatives with elected officials. The Big Ten Conference discusses student athlete initiatives with government officials and their staffs. 1500475 1500475 22921447 3743393 19178054 449458 252531 196927 6661230 4591021 2070209 3435500 3435500 0 22945665 Investment in Big Ten Network Holdings, LLC 141177961 C Investment in BTMP Holdings, LLC 1146000 C 142323961 Due to Member Schools 27255463 Post Retirement Benefits 2114643 Accrued Excise Tax Payable 3480053 Accrued Payroll Tax Payable 20285 Accrued Benefit/Deferred Compensation 9574484 Lease Liabilities 1119364 New Member Deposits 30000000 73564292 X Part X, Line 2: The Conference is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law, except for taxes pertaining to unrelated business income. The Conference is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. Tax benefits from an uncertain tax position are recognized only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Conference and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities during the periods covered by these financial statements. 1 University of Illinois 509 South Fourth Street Champaign IL 61820 376000511 State of Illinois 60556605 0 To support the missions of member institutions Indiana University 107 South Indiana Avenue Bloomington IN 47405 356001673 State of Indiana 60556605 0 To support the missions of member institutions University of Iowa 1 Jessup Hall Iowa City IA 52242 426004813 State of Iowa 60556605 0 To support the missions of member institutions University of Maryland-College Park Mitchell Building College Park MD 20742 526002033 State of Maryland 58814967 0 To support the missions of member institutions University of Michigan 412 Maynard Street Ann Arbor MI 48109 386006309 State of Michigan 60481605 0 To support the missions of member institutions Michigan State University 2216 East Michigan Avenue East Lansing MI 48824 386005984 State of Michigan 60656605 0 To support the missions of member institutions University of Minnesota 2221 University Avenue SE Suite 100 Minneapolis MN 55414 416007513 State of Minnesota 60481605 0 To support the missions of member institutions University of Nebraska-Lincoln Administration Building 201 Lincoln NE 68588 470049123 State of Nebraska 60481605 0 To support the missions of member institutions Northwestern University 633 Clark Street Evanston IL 60208 362167817 501(c)(3) 60556605 0 To support the missions of member institutions Ohio State University Enarson Hall 154 West 12th Avenue Columbus OH 43210 316025986 State of Ohio 60481605 0 To support the missions of member institutions Pennsylvania State University 201 Old Main University Park PA 16802 246000376 State of Penn. 60556605 0 To support the missions of member institutions Purdue University 610 Purdue Mall West LaFayette IN 47907 356002041 State of Indiana 60556605 0 To support the missions of member institutions Rutgers The State University of New Jersey 57 US Highway 1 New Brunswick NJ 08901 226001086 State of New Jersey 58739967 0 To support the missions of member institutions University of Wisconsin 333 East Campus Mall 10101 Madison WI 53715 391805963 State of Wisconsin 60481605 0 To support the missions of member institutions 14 0 Student athlete post-graduate scholarships 22 165000 Part I, Line 2: The Big Ten Conference acts as an intermediary and collects cash receipts on behalf of the member schools from television contracts, bowl games, football championship games, and basketball tournaments, and remits such amounts to member schools. Since it is a pass-through organization, rather than grant giving, the Big Ten Conference does not attach parameters to or require reporting on how the funds are utilized. The monies can be used at the member schools' discretion to pursue their independent missions. The Council of Presidents and Chancellors approved the allocation of $34,630 to each university toward the creation of internship opportunities earmarked to promote diversity in intercollegiate athletics. The use of these funds is at the discretion of each institution; however the funds must be used to create new internship opportunities. The goal of the program is to provide the intern exposure and experience to athletic administration that could prepare the individual for an entry level administration position in college athletics. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 James E Delany Former Commissioner 0 0 2965369 0 65914 0 2806670 0 24777 0 5862730 0 2806670 0 Morton Schapiro Chair (until 9/11/22) 0 1242942 0 950000 0 2380394 0 15250 0 296743 0 4885329 0 1098188 Kevin Warren Commissioner (until 4/16/23) 2899784 0 0 0 2322 0 784475 0 26246 0 3712827 0 0 0 Eric J Barron Former Director 0 876612 0 1000000 0 116381 0 28335 0 16420 0 2037748 0 0 Kristina Johnson Director (until 11/13/22) 0 835666 0 85000 0 96567 0 356751 0 18128 0 1392112 0 0 Neeli Bendapudi Director 0 777899 0 100000 0 361830 0 28335 0 13518 0 1281582 0 0 Mary Sue Coleman Director (until 10/14/22) 0 842198 0 0 0 997 0 325021 0 16223 0 1184439 0 0 Pamela Whitten Director 0 610852 0 162500 0 43709 0 265000 0 24530 0 1106591 0 66149 Jonathan Holloway Director 0 803567 0 205871 0 5260 0 0 0 41582 0 1056280 0 0 Samuel Stanley Director (until 11/4/22) 0 962960 0 0 0 35020 0 30500 0 19315 0 1047795 0 0 Joan TA Gabel Director (until 6/9/23) 0 673012 0 50000 0 9696 0 185500 0 107719 0 1025927 0 0 Mitch Daniels Director (until 1/1/23) 0 407783 0 210945 0 311878 0 30500 0 33779 0 994885 0 0 Robert Jones Chair 0 796998 0 0 0 76229 0 24400 0 34606 0 932233 0 0 Darryll Pines Director 0 812284 0 0 0 0 0 0 0 23858 0 836142 0 0 Ronald Green Director (until 6/30/23) 0 510931 0 38250 0 193143 0 27441 0 21742 0 791507 0 0 Barbara Wilson Director 0 620833 0 0 0 18000 0 30340 0 32428 0 701601 0 0 Teresa Woodruff Director 0 579495 0 0 0 18565 0 30500 0 21518 0 650078 0 0 Mark S Schlissel Former Director 0 88070 0 0 0 307328 0 212500 0 21035 0 628933 0 0 John Scholz Director (until 8/3/22) 0 537747 0 0 0 0 0 59330 0 30723 0 627800 0 0 Diana Sabau Deputy Commissioner 517999 0 0 0 276 0 19225 0 37910 0 575410 0 0 0 Nathaniel Schander Chief Information Officer 348734 0 0 0 216 0 34475 0 39762 0 423187 0 0 0 Michael Schill Director 0 349855 0 0 0 17692 0 0 0 37171 0 404718 0 0 Laura Anderson CFO/Treasurer 319603 0 0 0 414 0 32550 0 28093 0 380660 0 0 0 Jennifer Mnookin Director 0 281136 0 0 0 65000 0 30918 0 2463 0 379517 0 0 Rebecca M Blank Former Director 0 358083 0 0 0 0 0 4129 0 12933 0 375145 0 0 Anil Gollahalli General Counsel 347115 0 0 0 105 0 0 0 21541 0 368761 0 0 0 Jonathan Schwartz SVP, Communications 282483 0 0 0 180 0 23035 0 31698 0 337396 0 0 0 Chad Hawley Secretary 290000 0 0 0 360 0 33425 0 11146 0 334931 0 0 0 Kerry Kenny Chief Operating Officer 273916 0 0 0 175 0 32200 0 15127 0 321418 0 0 0 Santa Ono Director 0 206777 0 0 0 44203 0 30500 0 4947 0 286427 0 0 Part I, Line 1a First class travel is used by the Commissioner for travel to member institutions and other locations where conference business may be conducted. Other conference employees may also travel first class with approval of the Commissioner and where business needs dictate. These expenses constitute normal and customary business travel and thus are not treated as taxable compensation. Spousal travel was a necessary business expense due to the required attendance at various functions and not treated as taxable compensation. Part I, Line 4b James E. Delany accrued deferred compensation of $2,806,670 for a non-qualified deferred compensation plan. Delany was paid $2,965,369 during the year as part of the plan. Kevin Warren participated in a supplemental non-qualified retirement plan during the year. Warren accrued $750,000 of deferred compensation. Morton O. Schapiro, President of Northwestern University, participates in a 457(f) non-qualified retirement plan and the amounts are subject to substantial risk of forfeiture and vest after a number of years. Mark Schlissel, President of the University of Michigan, has a non-qualified deferred compensation arrangement of $500,000 over 5 years with $100,000 accruing to him annually subject to a substantial risk of forfeiture. Kristina Johnson, President of the Ohio State University, participates in a 415(m) plan and amounts are included in Part II, column (c). Delany Advisory Inc See Part V 400008 Consulting Services 0 Sch L, Part IV, Business Transactions Involving Interested Persons (a) Name of Interested Person: Delany Advisory Inc.(b) Relationship Between Interested Person and Organization: Delany Advisory Inc. owned more than 35% by James E. Delany, Former Officer and Commissioner.(c) Amount of Transaction: $400,008(d) Description of Transaction: Consulting Services(e) Sharing of Organization Revenues? = No Form 990, Part VI, Section A, line 6 The Big Ten Conference, Inc. is made up of 14 member institutions who receive distributions from the organization. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by the Conference's external tax advisor with data provided by the organization. A draft of the Form 990 is provided to management for review and comment. The reviewed Form 990 is then presented to the audit committee for review. The Form 990 is then provided to the organization's governing body before it is filed. Form 990, Part VI, Section B, line 12c Each employee is provided a copy of the conflict of interest policy and must complete, sign and date a disclosure statement at the beginning of his or her term of service or employment, and the beginning of each fiscal year thereafter. The Program and Budget Review Committee reviews and monitors the conflict of interest policy on an annual basis. Form 990, Part VI, Section B, line 15a A thorough compensation study is performed every few years for the Commissioner's position by an independent third party. The last compensation study was performed in 2023. The results were presented to the Board of Directors who have the authority to approve any compensation changes. Form 990, Part VI, Section C, line 19 The Conference makes its Form 990 available to the public upon request for the same period of disclosure as set forth in IRC Section 6104(d). The Conference does not make its financial statements or conflict of interest policy available to the public. The governing documents are on file with the State of Delaware. Form 990, Part XI, line 9: Big Ten Network Holdings, LLC Dividend -28,000,000. Income from Equity Investments 35,019,158. Net Periodic Benefit Cost -120,818. Post-retirement Benefit Changes Other than Net Periodic Benefit Cost 946,499. BTMP Holdings LLC 5440 Park Place Rosemont IL 60018 352621520 Holding Company DE 0 0 The Big Ten Conference Inc University of Illinois 509 South Fourth Street Champaign IL 61820 376000511 Public University IL N/A 0 Indiana University 107 South Indiana Avenue Bloomington IN 47405 356001673 Public University IN N/A 0 University of Iowa 1 Jessup Hall Iowa City IA 52242 426004813 Public University IA N/A 0 University of Maryland Mitchell Building College Park MD 20742 526002033 Public University MD N/A 0 University of Michigan 412 Maynard Street Ann Arbor MI 48109 386006309 Public University MI N/A 0 Michigan State University 2216 East Michigan Avenue East Lansing MI 48824 386005984 Public University MI N/A 0 University of Minnesota 2221 University Avenue SE Suite 100 Minneapolis MN 55414 416007513 Public University MN N/A 0 University of Nebraska-Lincoln Administration Building 201 Lincoln NE 68588 470049123 Public University NE N/A 0 Northwestern University 633 Clark Street Evanston IL 60208 362167817 Private University IL 501(c)(3) Line 2 N/A 0 Ohio State University Enarson Hall 154 West 12th Avenue Columbus OH 43210 316025986 Public University OH N/A 0 Pennsylvania State University 201 Old Main University Park PA 16802 246000376 Public University PA N/A 0 Purdue University 610 Purdue Mall West LaFayette IN 47907 356002041 Public University IN N/A 0 Rutgers The State University of New Jersey 57 US Highway 1 New Brunswick NJ 08901 226001086 Public University NJ N/A 0 University of Wisconsin 333 East Campus Mall 10101 Madison WI 53715 391805963 Public University WI N/A 0 Big Ten Network Holdings LLC 5440 Park Place Rosemont IL 60018 208671841 Holding Company IL The Big Ten Conference Inc C 48659087 158697876 1.00000 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 University of Illinois B 60556605 Cash Indiana University B 60556605 Cash University of Iowa B 60556605 Cash University of Maryland-College Park B 58814967 Cash University of Michigan B 60481605 Cash Michigan State University B 60656605 Cash University of Minnesota B 60481605 Cash University of Nebraska B 60481605 Cash Northwestern University B 60556605 Cash Ohio State University B 60481605 Cash Pennsylvania State University B 60556605 Cash Purdue University B 60556605 Cash Rutgers The State University of New Jersey B 58739967 Cash University of Wisconsin B 60481605 Cash Big Ten Network Holdings LLC F 28000000 Cash