Atlantic Coast Conference
95% goes to programs $0 to raise $100 Growing revenue
Atlantic Coast Conference is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1955, with $711,352,847 in FY2023 revenue. CharityIndex grades it B+, and it directs about 95% of spending to programs.
620 S Tryon St Suite 1200, Charlotte, NC, 28202 EIN 56-0599082 Since 1955
Revenue (FY2023)
$711.4M
▲ 0.7% vs prior year
Recreation median: $129K
Expenses (FY2023)
$705.4M
Net assets
$70.7M
Employees
62
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Atlantic Coast Conference: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Atlantic Coast Conference: 1 mo reserves · +1% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Atlantic Coast Conference: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Atlantic Coast Conference: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The atlantic coast conference, through its member institutions, seeks to maximize the educational and athletic opportunities of its student-athletes while enriching their quality of life. it strives to do so by affording individuals equitable opportunity to pursue academic excellence and compete successfully at the highest level of intercollegiate athletics competition in a broad spectrum of sports and championships. the conference will provide leadership in attaining these goals, by promoting diversity and mutual trust among its member institutions, in a spirit of fairness for all. it strongly adheres to the principles of integrity and sportsmanship, and supports the total development of the student-athlete and each member institution's athletics departmental staff, with the intent of producing enlightened leadership for tomorrow.
Contact & location
- Address
- 620 S Tryon St Suite 1200, Charlotte, NC, 28202
- City
- Charlotte
- State
- North Carolina
- Category
- Recreation & Sports
- Subcategory
- Sports Associations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $302.3M (FY2013) to $711.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $203.4MNet assets $70.7M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$274.0M
Total liabilities
$203.4M
Net assets
$70.7M
Salaries & benefits
$14.7M
2% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $711,352,847▲0.7% | $705,382,644▲1.6% | $70,662,615▲9.9% | $274,028,095▼0.5% | 990 |
| 2022 | $706,627,287▲14.5% | $694,259,821▲14.4% | $64,282,824▲24.1% | $275,489,749▲11.8% | 990 |
| 2021 | $616,986,841▲6.7% | $606,933,903▲6.0% | $51,814,042▲20.3% | $246,441,722▲7.3% | 990 |
| 2020 | $578,309,944▲16.4% | $572,522,121▲14.6% | $43,054,816▲15.0% | $229,574,212▲96.6% | 990 |
| 2019 | $496,715,510▲9.1% | $499,500,712▲12.3% | $37,430,756▼8.3% | $116,767,992▲160% | 990 |
| 2018 | $455,401,543▼2.0% | $444,595,664▼3.0% | $40,799,672▲36.1% | $44,931,339▲10.3% | 990 |
| 2017 | $464,677,828▲11.1% | $458,464,114▲9.8% | $29,968,783▲27.8% | $40,752,859▼13.0% | 990 |
| 2016 | $418,093,231▲12.0% | $417,515,524▲12.0% | $23,444,222▲5.5% | $46,820,907▲4.6% | 990 |
| 2015 | $373,368,024▼7.4% | $372,625,402▼7.8% | $22,218,414▲2.7% | $44,748,041▼6.4% | 990 |
| 2014 | $403,126,767▲33.4% | $404,173,607▲33.2% | $21,626,810▼4.6% | $47,795,799▼37.5% | 990 |
| 2013 | $302,306,749 | $303,376,468▲29.6% | $22,666,342▼1.8% | $76,529,954▲42.9% | 990 |
| 2012 | — | $234,072,302▲4.6% | $23,092,185▼5.8% | $53,547,594▲27.4% | 990 |
| 2011 | — | $223,854,779▲34.8% | $24,502,655▼1.1% | $42,021,417▲4.0% | 990 |
| 2010 | — | $166,065,431▲4.3% | $24,786,984▲7.7% | $40,388,982▲10.3% | 990 |
| 2009 | — | $159,209,835 | $23,023,819 | $36,603,382 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: James Phillips — $3,947,917 (0.56% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James Phillips | President | 40 | $3,947,917 |
| Ben Tario | Treasurer | 40 | $518,354 |
| Pearlynn Houck | General Counsel | 40 | $389,147 |
| Paul Brazeau | Sr. Assoc. Comm. - Mbb | 40 | $340,422 |
| Brad Hostetter | Secretary | 40 | $336,343 |
| Amy Yakola | Deputy Comm. - Chief of Ex | 40 | $304,004 |
| Michael Strickland | Sr. Assoc. Comm. - Footbal | 40 | $287,406 |
| Mary Mcelroy | Sr. Assoc. Comm. - Women's | 40 | $281,211 |
| Angel Cabrera | Director | 2 | — |
| Fr William Leahy | Director | 2 | — |
| James P Clements | Director | 2 | — |
| James Ryan | Board of Directors' Chair | 2 | — |
| Joan Ta Gabel | Director | 2 | — |
| Joe Echevarria | Director | 2 | — |
| Jonathan Levin | Director | 2 | — |
| Kent D Syverud | Director | 2 | — |
| Kim Schatzel | Director | 2 | — |
| Lee Roberts | Director | 2 | — |
| Randy Woodson | Director | 2 | — |
| Rev Robert Dowd | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Latham & Watkins | Legal Services | $2,787,490 |
| Dvsport Inc | Video & Replay | $1,475,866 |
| Fox Rothschild LLP | Legal Services | $1,279,529 |
| Dla Piper LLP | Legal Services | $995,962 |
| 247 Group LLC DBA Laundry Service | Consulting | $855,747 |
Grants received · $543.8M total
17 grants to Atlantic Coast Conference totaling $543.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $590,818 |
| The Dallas Foundation | General support | 2024 | $47,500 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $62,028,589 |
| Foundation For the Carolinas | Charitable gift | 2023 | $750,000 |
| The Dallas Foundation | General support | 2023 | $72,500 |
| National Collegiate Athletic Association | Grants/scholarships | 2022 | $64,503,809 |
| Foundation For the Carolinas | Charitable gift | 2022 | $500,000 |
| The Dallas Foundation | General support | 2022 | $47,500 |
| National Collegiate Athletic Association | Scholarships/grants | 2021 | $65,850,769 |
| National Collegiate Athletic Association | Scholarships/grants | 2020 | $64,368,414 |
| The Dallas Foundation | General support | 2020 | $58,450 |
| National Collegiate Athletic Association | Scholarships/grants | 2019 | $22,553,741 |
| National Collegiate Athletic Association | Scholarships/grants | 2018 | $60,143,066 |
| National Collegiate Athletic Association | Scholarships/grants | 2017 | $56,938,143 |
| National Collegiate Athletic Association | Scholarships/grants | 2016 | $50,839,272 |
Grants made · $650.4M in FY2023
15 grants totaling $650.4M in FY2023. All grants made by Atlantic Coast Conference →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisville | Allocation of general support | $46,415,388 |
| Florida State University | Allocation of general support | $46,311,450 |
| Duke University | Allocation of general support | $45,874,859 |
| University of Miami | Allocation of general support | $45,660,955 |
| Nc State University | Allocation of general support | $45,509,841 |
| University of North Carolina At Chapel Hill | Allocation of general support | $45,349,089 |
| Clemson University | Allocation of general support | $45,274,911 |
| Syracuse University | Allocation of general support | $45,198,447 |
| Virginia Tech | Allocation of general support | $44,708,872 |
| Boston College Trustees | Allocation of general support | $44,597,388 |
| Georgia Tech Athletic Association | Allocation of general support | $44,421,017 |
| Rector & Visitors of the University of Virginia | Allocation of general support | $43,879,142 |
| University of Pittsburgh | Allocation of general support | $43,363,450 |
| Wake Forest University | Allocation of general support | $43,072,249 |
| University of Notre Dame Du Lac | Allocation of general support | $20,732,731 |
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Frequently asked questions
- Is Atlantic Coast Conference a legitimate nonprofit?
- Yes. Atlantic Coast Conference is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0599082, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Atlantic Coast Conference's EIN?
- Atlantic Coast Conference's Employer Identification Number (EIN) is 56-0599082.
- How much revenue does Atlantic Coast Conference report?
- Atlantic Coast Conference reported $711,352,847 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Atlantic Coast Conference's spending goes to programs?
- Atlantic Coast Conference spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Atlantic Coast Conference have?
- CharityIndex grades Atlantic Coast Conference B+, based on program efficiency and fundraising cost.
- How much does Atlantic Coast Conference's highest-paid employee make?
- The highest reported compensation on Atlantic Coast Conference's latest Form 990 is $3,947,917, paid to James Phillips (President).
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Data for Atlantic Coast Conference (EIN 56-0599082) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.