Page 36 - 2017 IHSAA Annual Report

2016–17: Financial Review

Every year large crowds gather at Bankers Life Fieldhouse for the state finals in girls
basketball, boys basketball and wrestling. The IHSAA set attendance records for several
state tournaments in 2016-17.

The Indiana High School Athletic Associa- medical insurance for more than 160,000
tion, Inc. is a private not-for-profit 501(c)(3) student-athletes while participating in
corporation that receives no federal, state or interscholastic athletics and practices at our
local funding to augment its operation. The member-schools, blanket accident insurance
IHSAA garners revenue from the proceeds for all licensed contest officials, rules books
of ticket sales during state championship and publications for member-schools and
tournament series events, the licensure of use of the ArbiterSports® suite of web based
nearly 7,000 contest officials, media rights software products. The IHSAA is proud to
fees and corporate partnerships. Annually, offer these services and many more without
the accounting firm of Petrow Leemhuis charge. Additionally, the Association does
Vincent and Kane perform an audit of the not assess an annual membership fee or
Corporation’s finances and prepares and files charge entry fees to participate in tourna-
appropriate tax forms for the Association. ment series events while allowing every
These processes are completed during the member-school admittance into any and
months of September and October each year. all tournament series events they choose to
contest. Finally, through our partnership
In 2016-17, the IHSAA returned over with Special Olympics Indiana, 85 IHSAA
$3 million dollars to member schools member schools received a total of $114,000
from tournament series events in the form for their Unified Sports® Track and Field
of reimbursements and stipends while Program bringing the total disbursement
retaining $2.76 million to sustain services to membership at $3.11 million dollars in
provided to the membership. Those ameni- 2016-17.
ties include the provision of catastrophic

Fast Fact: The IHSAA receives no local, state or federal funding. Its sources of
income are tournament ticket sales, corporate partnerships, media rights fees and
official licensing fees.

36 INDIANA HIGH S CHOOL A THLE TIC ASS OCIA TION Annual Report 2017