Page 20 - 2019 IHSAA Annual Report

2018–19: Financial Review

The Indiana High School Athletic Association, 160,000 student-athletes while participating
Inc. is a private not-for-profit 501(c)(3) corpo- in interscholastic athletics and practices at our
ration that receives no federal, state or local member-schools, blanket accident insurance
funding to augment its operation. The IHSAA for all licensed contest officials, rules books
garners revenue from the proceeds of ticket and publications for member-schools and a
sales during state championship tournament robust password-protected members’ website.
series events, the licensure of nearly 8,000 The IHSAA is proud to offer these services
contest officials, media rights fees, investment and many more without charge. Additionally,
income and corporate partnerships. Annually, the Association does not assess an annual
the accounting firm of Petrow Leemhuis membership fee or charge entry fees to
Vincent and Kane performs an audit of the participate in tournament series events while
corporation’s finances and prepares and files allowing every member-school admittance
appropriate tax forms for the Association. into any and all tournament series events
These processes are completed during the they choose to contest. Finally, through our
months of September and October each year. partnership with Special Olympics Indiana,
95 IHSAA member-schools received a total of
In 2018-19, the IHSAA returned over $2.55 $120,000 for their Unified Sports® Track and
million to member-schools from tournament Field and Flag Football programs bringing
series events in the form of reimbursements the total disbursement to membership at
and stipends, while retaining $2.40 million to $2.67 million in 2018-19.
sustain services provided to the membership.
Those amenities include the provision of
catastrophic medical insurance for over

The IHSAA has the
distinct privilege of hosting
its events at some of the
state's most prestigious
venues. Pictured here is
Bankers Life Fieldhouse,
home of the Indiana Pacers
and Fever. Bankers Life
Fieldhouse hosts three
events: boys basketball,
girls basketball, and the
wrestling state finals.

18 INDIANA HIGH S CHOOL A THLE TIC ASS OCIA TION Annual Report 2019