2025-05-05T10:16:41-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2023-07-01 871538054 CLEMSON ATHLETIC PROPERTIES COMPANY CLEM 8646561873 100 PERIMETER ROAD CLEMSON SC 29634 BROOKE ELLENBERGER VP, BUSINESS OPERATIONS 8646561873 2025-04-30 1 1 BREE-ANN WEIDNER P01319397 8642333981 2023 2025-03-06 01:10:19Z BROOKE ELLENBERGER 100 PERIMETER ROAD CLEMSON SC 29634 8696337 0 X HTTPS://CLEMSONTIGERS.COM/SPONSORSHIP/ X 2021 SC TO SERVE CLEMSON UNIVERSITY IN THE DEVELOPMENT, MAINTENANCE, PROTECTION, POLICING, AND COMMERCIALIZATION OF THE CLEMSON ATHLETICS BRAND. 5 4 21 4 3721666 0 0 0 4725672 8645560 8173 50777 0 0 4733845 8696337 0 0 0 0 1838846 2104580 0 0 0 3235564 7261355 5074410 9365935 -340565 -669598 1719556 4575783 2116565 5642390 -397009 -1066607 TO SERVE CLEMSON UNIVERSITY IN THE DEVELOPMENT, MAINTENANCE, PROTECTION, POLICING, AND COMMERCIALIZATION OF THE CLEMSON ATHLETICS BRAND. 0 0 7653334 4923894 CAPCO MANAGES THE DAY-TO-DAY MULTIMEDIA RIGHTS, BROADCAST RIGHTS, SPONSORSHIPS, AND RELATED EXTERNAL SALES AND SERVICE FUNCTION OF CLEMSON'S DEPARTMENT OF ATHLETICS. CAPCO ALSO PROVIDES A PATHWAY FOR DEPARTMENTS ON CAMPUS TO EXPLORE AND PURSUE SIMILAR OPPORTUNITIES FOR THE BENEFIT AND PROMOTION OF CLEMSON. 7653334 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 41 0 1 21 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 SC X LISA MARCUS DIRECTOR ARO 8646561873 391 COLLEGE AVE STE 302 CLEMSON SC 29634 OLIVER LUCK CHAIR 1.00 0.00 X X 0 0 0 LEE STAPLETON VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL DEAN PERRY TREASURER 1.00 0.00 X X 0 0 0 RETT RUTTLAND SECRETARY 1.00 0.00 X X 0 0 0 GRAHAM NEFF EXECUTIVE DIRECTOR 1.00 36.50 X 0 915420 34996 KYLE CADDELL PRESIDENT 37.50 0.00 X 308341 0 76552 BRANDON HALL CFO 5.00 32.50 X 0 177010 20948 LUKE E CANTRELL SR. VP CORP PS 37.50 0.00 X 281164 0 42173 MATTHEW Q RYAN SR. VP CORP PS 37.50 0.00 X 371500 0 63753 WALTER M STEPHENSON SR. VP CORP PS 37.50 0.00 X 187963 0 47953 CHRISTOPHER P ZIEGLER SR. VP CORP PS 37.50 0.00 X 181794 0 29146 LEO J YERASHUNAS SR. VP CORP PS TO 8/2023 37.50 0.00 X 143424 0 7216 1474186 1092430 322737 6 0 1 0 NELSON MULLINS RILEY & SCARBOROUGH LLP 1320 MAIN ST 17TH FLOOR COLUMBIA SC 29201 LEGAL SERVICES 374419 BAILEY DUKES 1000 BOOPA LN APT 306 MOUNT PLEASANT SC 29464 LEGAL SERVICES 178370 ROPES & GRAY 800 BOYLSTON STREET BOSTON MA 021993600 LEGAL SERVICES 103667 3 CORPORATE SPONSORSHIP 711300 8645560 4923894 3721666 8645560 50777 50777 8696337 4923894 3721666 50777 351384 351384 1397263 1397263 156629 156629 100437 100437 98867 98867 891008 891008 98073 98073 360695 330248 30447 43113 43113 3094 3094 37659 37659 4575350 4575350 131492 131492 30363 30363 BAD DEBT 424933 424933 SUPPLIES/PROMO MATERIAL 383267 208745 174522 FUNCTIONS AND EVENTS 148760 142760 6000 SPONSORSHIP 122500 122500 11048 11048 9365935 7653334 1712601 0 1408839 3968587 30500 0 186640 576820 93577 30376 1719556 4575783 119529 178158 115930 121726 1881106 5342506 2116565 5642390 X -397009 -1066607 -397009 -1066607 1719556 4575783 -669598 0 X 0 1 X 0 0 X X 1 CLEMSON UNIVERSITY 516000254 6 1 4575350 0 1 4575350 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART VI, SECTION D, LINE 3: THE ORGANIZATION HAS AN AFFILIATION AGREEMENT WITH CLEMSON UNIVERSITY. THE TERMS OF THIS AGREEMENT MEMORIALIZE CAPCO'S ROLE TO SUPPORT EXCLUSIVELY THE UNIVERSITY AND SET FORTH THE GUIDELINES FOR BOTH PARTIES WITH REGARDS TO THE SPECIFIC FORMS OF SUPPORT CAPCO WILL PROVIDE TO THE UNIVERSITY. PART IV, SECTION E, LINE 1C: CAPCO SUPPORTS CLEMSON UNIVERSITY (A GOVERNMENTAL ENTITY) BY: 1. ENCOURAGING, PROMOTING, AND SUPPORTING CU AND ITS ATHLETIC DEPARTMENTS; 2. SERVING CU BY ENCOURAGING AND PROMOTING THE CLEMSON ATHLETIC BRAND THROUGH INCREASED AWARENESS AND PURSUIT OF LICENSING OPPORTUNITIES; 3. SERVING CU AS THE RECOGNIZED ADMINISTRATOR FOR CONDUCTING COMMERCIALIZATION OF ATHLETIC-RELATED MULTI-MEDIA OF CU AND ITS ATHLETIC DEPARTMENT; 4. SERVING CU IN THE DEVELOPMENT, MAINTENANCE, PROTECTION, POLICING, AND COMMERCIALIZATION OF THE CLEMSON ATHLETICS BRAND; AND 5. SUPPORTING THE CHARITABLE AND EDUCATIONAL PROGRAMS OF CU. 0 DUE TO IPTAY 750000 DUE TO CLEMSON UNIVERSITY 4592506 5342506 X 8696337 0 8696337 0 8696337 9365935 0 9365935 0 9365935 PART X, LINE 2: CAPCO IS ORGANIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("IRC") AND DESCRIBED AS AN ORGANIZATION IN SECTION 501(C)(3) OF THE IRC. ACCORDINGLY, ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 513 OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. CAPCO'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO CAPCO, 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 THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2024 AND 2023; ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 0 0 0 1 0 0 0 1 0 GRAHAM NEFF EXECUTIVE DIRECTOR 0 324378 0 110000 0 481042 0 14500 0 20496 0 950416 0 0 MATTHEW Q RYAN SR. VP CORP PS 178422 0 28500 0 164578 0 16500 0 47253 0 435253 0 0 0 KYLE CADDELL PRESIDENT 270841 0 10000 0 27500 0 15625 0 60927 0 384893 0 0 0 LUKE E CANTRELL SR. VP CORP PS 105179 0 20500 0 155485 0 14289 0 27884 0 323337 0 0 0 WALTER M STEPHENSON SR. VP CORP PS 176463 0 10000 0 1500 0 9665 0 38288 0 235916 0 0 0 CHRISTOPHER P ZIEGLER SR. VP CORP PS 135711 0 15000 0 31083 0 9179 0 19967 0 210940 0 0 0 BRANDON HALL CFO 0 160539 0 5000 0 11471 0 8200 0 12748 0 197958 0 0 LEO J YERASHUNAS SR. VP CORP PS TO 8/2023 80048 0 10000 0 53376 0 7171 0 45 0 150640 0 0 0 PART I, LINE 3 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR OF CAPCO, GRAHAM NEFF, IS ESTABLISHED FOR AND PAID BY CLEMSON UNIVERSITY, A RELATED ORGANIZATION. PART I, LINE 5 MATTHEW RYAN, LUKE E. CANTRELL, WALTER STEPHENSON, CHRISTOPHER ZIEGLER, AND LEO YERASHUNAS EACH RECEIVED COMMISSION BASED UPON REVENUE GENERATED FOR THE ORGANIZATION. PART I, LINE 7 KYLE CADDELL, MATTHEW RYAN, LUKE E. CANTRELL, WALTER STEPHENSON, AND CHRIS ZIEGLER EACH RECEIVED A TEAM BONUS FOR REACHING THE TEAM GOAL. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE TERMS OF THE BYLAWS, ONE DIRECTOR SHALL BE THE ATHLETIC DIRECTOR OF CLEMSON UNIVERSITY AND ONE DIRECTOR SHALL BE ELECTED BY IPTAY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE RETURN IS PROVIDED TO THE BOARD AND OFFICERS FOR REVIEW AND ACCEPTANCE 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 THE BOARD OR ANY COMMITTEE AUTHORIZED BY THE BOARD DETERMINES WHAT IS REASONABLE COMPENSATION FOR OFFICERS, MEMBERS OF THE BOARD, AND OTHER INDIVIDUALS AS DETERMINED BY THE BOARD ("COVERED INDIVIDUALS") WITH THE FOLLOWING: (I) THE GOVERNANCE POLICIES AND PRACTICES OF THE CORPORATION; (II) THE CONFLICT OF INTEREST POLICY OF THE CORPORATION; AND (III) PROVISIONS WHICH GIVE RISE TO THE "REBUTTABLE PRESUMPTION OF REASONABLENESS". THE BOARD OR APPROPRIATE AUTHORIZED COMMITTEE WILL CONSIDER DATA AND INFORMATION AS TO THE COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION, (E.G., DATA AND INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS COMPETING FOR THE SERVICES OF THE PERSON WHOSE COMPENSATION IS BEING DETERMINED BY THE BOARD OR THE APPROPRIATE AUTHORIZED COMMITTEE). FOR PURPOSES OF OBTAINING INFORMATION AND ADVICE WITH REGARD TO THE DETERMINATION OF REASONABLE COMPENSATION OR IN CONDUCTING PERIODIC REVIEWS, THE BOARD OR THE APPROPRIATE AUTHORIZED COMMITTEE MAY USE OUTSIDE ADVISORS AND/OR EXPERTS. THE BOARD WILL CONDUCT PERIODIC REVIEWS OF ITS COMPENSATION POLICY AND ITS ACTUAL IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION, AFTER RECEIVING A WRITTEN OR IN-PERSON REQUEST AT THE CORPORATION'S PRINCIPAL OFFICE, SHALL MAKE CERTAIN ANNUAL RETURNS AND APPLICATIONS FOR EXEMPTION AVAILABLE FOR PUBLIC INSPECTION. THE CORPORATION WILL PROVIDE COPIES OF SUCH PUBLIC DISCLOSURE DOCUMENTS TO INDIVIDUALS THAT REQUEST THEM. CLEMSON UNIVERSITY G06 SIKES HALL CLEMSON SC 29634 576000154 RESEARCH UNIVERSITY SC 170(C)(1) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 CLEMSON UNIVERSITY L 4575350 BOOK VALUE