Page 32 - 2022 IHSAA Annual Report

FINANCIAL REPOR T FINANCIAL REPOR T

THE 2021 – 2022
FINANCIAL TOTAL REVENUE (LESS INVESTMENT INCOME) $11,962,671

REPORT Category Percentage of Income

55%
Boys Sports
Girls Sports
14%
Corporate Partnerships 25%
Officials Licensure 4%
Fiscal Decisions: For the Future of As a reminder, revenue is derived from ticket
Education-Based Athletics sale proceeds from state tournament events,
corporate sponsorships, the licensure of
It is a top priority of the Association to be as nearly 6,500 contest officials, and media
transparent as possible in all aspects of our rights fees. Typically, investment income is a TOTAL EXPENSES $11,703,577
operations—whether it be the motivating line item in total revenue within the Annual
factors behind decisions surrounding issues Report. Like many organizations this past Category Percentage of Expenses
like transfer policy or the disclosure of year the IHSAA’s investment income yielded Boys Sports 37%
financial information. a loss due to the global economy. However, Administration 24%
the IHSAA’s investments did not and will not Girls Sports 16%
In 2021-22, ticket sales and tournament impact the Association’s ability to effectively
revenue were “back to normal.” As a result, administer education-based athletics. Contest Officials 12%
the Association returned over $2 million to Technology & Building 4%
member-schools. With all of that in mind, the Association was Public Relations & Advertising 7%
still able to begin recovering from the debt
While the Association retained $10 million taken on during the COVID-19 pandemic.
for its operations, additional dollars were While it realizes a full recovery will be a
allocated to increase the benefits offered to multi-year process, the IHSAA is proud to
our stakeholders, such as outreach programs have not laid off any employees while keeping SPORTS REVENUE
and resources to help member-schools their member-schools financially whole Category Total
increase their ticket sales. during tournaments.
Boys Sports Revenue $ 6,037,041
While millions of dollars flow through the Girls Sports Revenue $ 2,709,088
Association annually, our designation as a Total Sports Revenue $ 8,746,129
private not-for-profit 501(c)(3) corporation
should act as a reminder: We do not appease
shareholders; instead, we answer to our
member-schools and our stakeholders.
SPORTS EXPENSES, DISTRIBUTIONS, AND NET REVENUE

Category Total
Boys Sports Expenses $ 4,275,532
Girls Sports Expenses $ 1,859,286
Total Sports Expenses $ 6,134,818
Member-School Distributions $ 2,006,325

IHSAA Net Revenue $ 604,986

Ticket sales from tournament events provide
a majority of the IHSAA’s annual revenue. The After settling expenses related to running tournament events, the
investment from fans is paid back tenfold to IHSAA returned over $2 million to it's member-schools. That's more
Hoosier communities through the life lessons than double the amount it kept in net revenue.
student-athletes learn in the second classroom.

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