2026-04-14T07:21:15-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2024-07-01 871538054 CLEMSON ATHLETIC PROPERTIES COMPANY CLEM 8646561873 100 PERIMETER ROAD CLEMSON SC 29634 MICHAEL T DRAKE CEO 8646561873 2026-04-06 1 1 BREE-ANN WEIDNER P01319397 8642333981 2024 2025-03-06 01:10:19Z MICHAEL T DRAKE 100 PERIMETER ROAD CLEMSON SC 29634 10966327 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 26 4 4677183 0 0 88250 8645560 10670015 50777 36854 0 171208 8696337 10966327 0 0 0 0 2104580 3023733 0 0 0 7261355 7887640 9365935 10911373 -669598 54954 4575783 3546388 5642390 4558041 -1066607 -1011653 TO SERVE CLEMSON UNIVERSITY IN THE DEVELOPMENT, MAINTENANCE, PROTECTION, POLICING, AND COMMERCIALIZATION OF THE CLEMSON ATHLETICS BRAND. 0 0 9364545 5992832 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. 9364545 1 1 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 1 0 0 0 0 1 0 1 0 1 38 0 1 26 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 927196 35682 KYLE CADDELL PRESIDENT/CEO 37.50 0.00 X 295799 0 37246 MICHAEL T DRAKE PRESIDENT/CEO, FROM 02/01/25 37.50 0.00 X 0 0 0 LUKE C EDWARDS SR. VP CORP PS 37.50 0.00 X 276571 0 30460 MATTHEW Q RYAN SR. VP CORP PS 37.50 0.00 X 289599 0 26979 WALTER M STEPHENSON SR. VP CORP PS 37.50 0.00 X 192515 0 33411 CHRISTOPHER P ZIEGLER SR. VP CORP PS 37.50 0.00 X 176729 0 15824 1231213 927196 179602 5 0 1 0 NELSON MULLINS RILEY & SCARBOROUGH LLP 1320 MAIN ST 17TH FLOOR COLUMBIA SC 29201 LEGAL SERVICES 588581 EVERETT SPORTS MARKETING LLC 801 BUNCOMBE STREET GREENVILLE SC 29601 CONTRACT SERVICES 300000 ROPES & GRAY 800 BOYLSTON STREET BOSTON MA 021993600 LEGAL SERVICES 200072 BAILEY DUKES 1000 BOOPA LN APT 306 MOUNT PLEASANT SC 29464 LEGAL SERVICES 157303 4 88250 76750 88250 CORPORATE SPONSORSHIP 711300 10670015 5992832 4677183 10670015 36854 36854 MISCELLANEOUS 900099 171208 171208 171208 10966327 5992832 4677183 208062 X 549046 549046 2018846 2018846 126957 126957 159891 159891 168993 168993 1117555 1117555 47539 47539 2143954 2073062 70892 34700 34700 13675 13577 98 35000 35000 3129900 3129900 238139 238139 44303 44303 FUNCTIONS AND EVENTS 517615 512615 5000 SUPPLIES/PROMO MATERIAL 345813 134169 211644 SPONSORSHIP 204350 204350 15097 15097 10911373 9364545 1546828 0 0 801796 3968587 2680758 576820 39456 30376 24378 4575783 3546388 178158 633755 121726 174286 5342506 3750000 5642390 4558041 X -1066607 -1011653 -1066607 -1011653 4575783 3546388 54954 0 X 0 1 X 0 0 X X 1 CLEMSON UNIVERSITY 516000254 6 1 3129900 0 1 3129900 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO IPTAY 750000 DUE TO CLEMSON UNIVERSITY 3000000 3750000 X 10966327 0 10966327 0 10966327 10911373 0 10911373 0 10911373 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, 2025 AND 2024; ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 0 0 0 1 0 0 0 1 0 GRAHAM NEFF EXECUTIVE DIRECTOR 0 339279 0 110000 0 477917 0 14500 0 21182 0 962878 0 0 KYLE CADDELL PRESIDENT/CEO 270799 0 25000 0 0 0 15000 0 22246 0 333045 0 0 0 MATTHEW Q RYAN SR. VP CORP PS 195951 0 9000 0 84648 0 12499 0 14480 0 316578 0 0 0 LUKE C EDWARDS SR. VP CORP PS 129977 0 9000 0 137594 0 13989 0 16471 0 307031 0 0 0 WALTER M STEPHENSON SR. VP CORP PS 179340 0 9000 0 4175 0 10019 0 23392 0 225926 0 0 0 CHRISTOPHER P ZIEGLER SR. VP CORP PS 144135 0 9000 0 23594 0 8927 0 6897 0 192553 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. COMPENSATION IS DETERMINED THROUGH THE CLEMSON UNIVERSITY HUMAN RESOURCES DEPARTMENT SUBJECT TO AND WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SC AND APPLICABLE SC LAW, WHICH IS CONSISTENT WITH A STANDARD OF REASONABLENESS AND COMPARABLE COMPENSATION IN THE MARKET. PART I, LINE 5 MATTHEW RYAN, LUKE C. EDWARDS, WALTER STEPHENSON, AND CHRISTOPHER ZIEGLER EACH RECEIVED COMMISSION BASED UPON REVENUE GENERATED FOR THE ORGANIZATION. PART I, LINE 7 KYLE CADDELL, MATTHEW RYAN, LUKE C. EDWARDS, WALTER STEPHENSON, AND CHRIS ZIEGLER EACH RECEIVED A TEAM BONUS FOR REACHING THE TEAM GOAL. X EQUIPMENT 1 76750 FMV 0 0 0 PART I, COLUMN (B): THE NUMBERS REPORTED IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS MADE FOR EACH RESPECTIVE ITEM. 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. FORM 990, PART IX, LINE 11G PROF FEES: PROGRAM SERVICE EXPENSES 400,150. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400,150. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,672,912. MANAGEMENT AND GENERAL EXPENSES 70,892. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,743,804. 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 3129900 BOOK VALUE