Page 26 - 2016 IHSAA Annual Report

s e c t i o n 2 2015-16 Financial Review

IHSAA Financial Review

The Indiana High School Athletic Associa- In 2015-16, the IHSAA returned over $2.76
tion, Inc. is a private non-for-profit 501(c) (3) million dollars to member schools from
corporation that receives no federal, state or tournament series events in the form of reim-
local funding to augment its operation. The bursements and stipends while retaining
IHSAA garners revenue from the proceeds $2.55 million to sustain services provided to
of ticket sales during state championship the membership. Those amenities include the
tournament series events, the licensure of provision of catastrophic medical insurance
nearly 8,000 contest officials, media rights for over 160,000 student athletes while
fees and corporate partnerships. Annually, participating in interscholastic athletics and
the accounting firm of Petrow Leemhuis practices at our member schools, blanket
Vincent and Kane perform an audit of the accident insurance for all licensed contest
Corporation’s finances and prepares and files officials, rules books and publications for
appropriate tax forms for the Association. member schools and use of the Arbiter-
These processes are completed during the Sports® suite of web based software products.
months of September and October each year. The IHSAA is proud to offer these services
and many more without charge.

Additionally, the Association does not assess
an annual membership fee or charge entry
A record 33,593
fans attended fees to participate in tournament series
the IHSAA State events while allowing every member school
Wrestling Finals at admittance into any and all tournament
Bankers Life Field- series events they choose to contest.
house in February.
Waiting in line for Finally, through our partnership with Special
the gates to open is Olympics Indiana, 59 IHSAA member schools
a small price to pay received a total of $87,300 for their Unified
for a choice seat. Sports® Track and Field program bringing
the total disbursement to membership at
$2.84 million dollars in 2015-16.

26 INDIANA HIGH S CHOOL A THLE TIC ASS OCIA TION Annual Report 2016