Nonprofit · EIN 87-1538054
CLEMSON ATHLETIC PROPERTIES COMPANY
Tax-exempt · CLEMSON, SC 29634
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,966,327 | $10,911,373 | $54,954 | $3,546,388 | $4,558,041 | -$1,011,653 |
| June 30, 2024 | 990 | $8,696,337 | $9,365,935 | -$669,598 | $4,575,783 | $5,642,390 | -$1,066,607 |
| June 30, 2023 | 990 | $4,733,845 | $5,074,410 | -$340,565 | $1,719,556 | $2,116,565 | -$397,009 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $88,250
- Program service revenue
- $10,670,015
- Investment income
- $36,854
- Other revenue
- $171,208
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $549,046
- Other salaries and wages
- $2,018,846
- Salaries, compensation and benefits (total)
- $3,023,733
- Professional fundraising fees
- $0
- Legal fees
- $1,117,555
- Accounting fees
- $47,539
- Travel
- $238,139
- Program services (functional)
- $9,364,545
- Management and general (functional)
- $1,546,828
Balance sheet and other
- Total assets, start of year
- $4,575,783
- Total assets, end of year
- $3,546,388
- Total liabilities, end of year
- $4,558,041
- Net assets, end of year
- -$1,011,653
- Net assets without donor restrictions
- -$1,011,653
- Gross unrelated business income
- $4,677,183
- Gross receipts
- $10,966,327
- Employees
- 26
- Volunteers
- 4
- Year formed
- 2021
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GRAHAM NEFF | EXECUTIVE DIRECTOR Trustee or director | 1 | $0 | $927,196 | $35,682 |
| KYLE CADDELL | PRESIDENT/CEO Officer | 37.5 | $295,799 | $0 | $37,246 |
| MATTHEW Q RYAN | SR. VP CORP PS Highest-paid employee | 37.5 | $289,599 | $0 | $26,979 |
| LUKE C EDWARDS | SR. VP CORP PS Highest-paid employee | 37.5 | $276,571 | $0 | $30,460 |
| WALTER M STEPHENSON | SR. VP CORP PS Highest-paid employee | 37.5 | $192,515 | $0 | $33,411 |
| CHRISTOPHER P ZIEGLER | SR. VP CORP PS Highest-paid employee | 37.5 | $176,729 | $0 | $15,824 |
| OLIVER LUCK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEE STAPLETON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL DEAN PERRY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RETT RUTTLAND | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL T DRAKE | PRESIDENT/CEO, FROM 02/01/25 Officer | 37.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GRAHAM NEFF | EXECUTIVE DIRECTOR Trustee or director | 1 | $0 | $915,420 | $34,996 |
| MATTHEW Q RYAN | SR. VP CORP PS Highest-paid employee | 37.5 | $371,500 | $0 | $63,753 |
| KYLE CADDELL | PRESIDENT Officer | 37.5 | $308,341 | $0 | $76,552 |
| LUKE E CANTRELL | SR. VP CORP PS Highest-paid employee | 37.5 | $281,164 | $0 | $42,173 |
| WALTER M STEPHENSON | SR. VP CORP PS Highest-paid employee | 37.5 | $187,963 | $0 | $47,953 |
| CHRISTOPHER P ZIEGLER | SR. VP CORP PS Highest-paid employee | 37.5 | $181,794 | $0 | $29,146 |
| BRANDON HALL | CFO Officer | 5 | $0 | $177,010 | $20,948 |
| LEO J YERASHUNAS | SR. VP CORP PS TO 8/2023 Highest-paid employee | 37.5 | $143,424 | $0 | $7,216 |
| OLIVER LUCK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEE STAPLETON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL DEAN PERRY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RETT RUTTLAND | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GRAHAM NEFF | DIRECTOR Trustee or director | 1 | $0 | $843,077 | $32,535 |
| MATTHEW RYAN | SR. VP CORP PS Key employee | 37.5 | $158,505 | $0 | $24,822 |
| BRANDON HALL | CFO Key employee | 5 | $0 | $163,202 | $18,872 |
| KYLE CADDELL | PRESIDENT Officer | 37.5 | $109,642 | $0 | $28,118 |
| OLIVER LUCK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEE STAPLETON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILL MILAM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL DEAN PERRY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 PERIMETER ROAD, CLEMSON, SC 29634-0001
- Principal officer (990 for 2024)
- MICHAEL T DRAKE, 100 PERIMETER ROAD, CLEMSON, SC 29634
- Signed the 990
- MICHAEL T DRAKE, CEO
- Phone
- (864) 656-1873
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO SERVE CLEMSON UNIVERSITY IN THE DEVELOPMENT, MAINTENANCE, PROTECTION, POLICING, AND COMMERCIALIZATION OF THE CLEMSON ATHLETICS BRAND.
Program accomplishments
- CAPCO MANAGES THE DAY-TO-DAY MULTIMEDIA RIGHTS, BROADCAST RIGHTS, SPONSORSHIPS, AND RELATED EXTERNAL SALES AND SERVICE FUNCTION OF CLEMSON'S DEPARTMENT OF ATHLETICS. CAPCO ALSO PROVIDES A PATHWAY FOR DEPARTMENTS ON CAMPUS TO EXPLORE AND PURSUE SIMILAR OPPORTUNITIES FOR THE BENEFIT AND PROMOTION OF CLEMSON.Expenses $9,364,545 · revenue $5,992,832
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1538054
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $3,546,388
- Income (IRS master file)
- $10,966,327
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,966,327 | $10,911,373 | $3,546,388 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $8,696,337 | $9,365,935 | $4,575,783 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,733,845 | $5,074,410 | $1,719,556 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1538054).
Questions about CLEMSON ATHLETIC PROPERTIES COMPANY
- What is the EIN of CLEMSON ATHLETIC PROPERTIES COMPANY?
- The employer identification number (EIN) of CLEMSON ATHLETIC PROPERTIES COMPANY is 87-1538054.
- Is CLEMSON ATHLETIC PROPERTIES COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CLEMSON ATHLETIC PROPERTIES COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CLEMSON ATHLETIC PROPERTIES COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLEMSON ATHLETIC PROPERTIES COMPANY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEMSON ATHLETIC PROPERTIES COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CLEMSON ATHLETIC PROPERTIES COMPANY?
- The 990 for the year ended June 30, 2025 names MICHAEL T DRAKE.
- Who are the officers and directors of CLEMSON ATHLETIC PROPERTIES COMPANY?
- The 990 for the year ended June 30, 2025 lists 11 people; 5 received compensation from the organization.
- How much revenue does CLEMSON ATHLETIC PROPERTIES COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,966,327, expenses of $10,911,373 and total assets of $3,546,388 at year end.
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