Page 29 - 2022-23 Annual Report

FINANCIAL REPOR T FINANCIAL REPOR T

THE BO T T OM LINE: Category Percentage of Income
A TOP-TIER EDUCATION Boys Sports 53.35%
Girls Sports 23.92%
Corporate Partnerships 12.08%
While the IHSAA is the governing body of The IHSAA understands that operating the $15,468,243 TV 5.21%
TOTAL REVENUE
high school sports in Indiana, it is essential second classroom isn’t feasible without Investment 4.06%
to note that the Association does not receive community support for high school sports.
state or federal tax money for its operations. And the IHSAA is exceptionally proud that Officials Licensure 0.49%
it gives back more money to member schools Additional Revenue 0.41%
As a private not-for-profit 501(c)(3) than it retains. In 2022-23, the Association Grants 0.27%
corporation, all decisions the Association returned $2,835,813 to member schools Unified® Sports 0.21%
makes is in the best interest of member while retaining $1,808,408 in net income.
schools and student-athletes, not
shareholders. To run operations, the IHSAA Excess funds were turned over to member
derives most of its revenue from ticket schools to help support the growth and Category Percentage of Expenses
sales, with additional revenue coming development of education-based athletics Boys Sports 40.82%
from corporate partnerships, media across Indiana. The IHSAA considers Administration 24.95%
rights, and the licensure of officials. these funds like a for-profit enterprise
does a return on investment (ROI). The TOTAL EXPENSES Girls Sports 17.02%
$13,659,835
In 2022-23, the IHSAA sold approximately Association takes its ROI and puts it toward Contest Officials 8.29%
1.2 million tickets to tournament events, bettering education-based athletics for Technology & Building 2.04%
generating a significant portion of its student-athletes and member schools.
revenue. Ticket prices were standardized Public Relations & Advertising 6.89%
this year, and the additional revenue
generated was allocated towards
increasing officials’ benefits.

The IHSAA returns more money to $2,835,813
its membership than it retains for its RETURNED TO MEMBER SCHOOLS Category Total
operating costs. TOTAL SPORTS Boys Sports Revenue $ 8,252,152
$1,808,408 REVENUE
IHSAA NET INCOME $11,985,498 Girls Sports Revenue $ 3,700,110
Unified® Sports $ 33,236
$0 $1M $2M
Total Sports Revenue $ 11,985,498

Category Total
Boys Sports Expenses $ 5,575,624
Girls Sports Expenses $ 2,325,085
TOTAL SPORTS Unified® Sports $ 60,653
EXPENSES
$7,961,362 Total Sports Expenses $ 7,961,362
Member School Distributions $ 2,835,813
IHSAA Net Income $ 1,808,408

The figures listed above are unaudited for the 2022-23 school year.
Annually, the accounting firm of Sikich LLP performs an audit of the
Association’s finances, the process of which is completed during the
months of September and October each year.

28 INDIANA HIGH SCHOOL A THLETIC A S SOCIA TION ANNUAL REPORT 2023 INDIANA HIGH SCHOOL A THLETIC A S SOCIA TION ANNUAL REPORT 2023 29