Quote from: Kuiper on July 03, 2025, 12:36:57 AMSome schedules from the Northwest Conference

George Fox

George Fox finished a historic season last year at 14-5-1. Not only was it a major reversal from the prior two years when they finished 5-11-4, but it's the first winning season for the program since at least 2005 (the online records only go back to 2006).

According to their record book, the last winning season was 2001 (10-7-1) which makes the turnaround that much more startling.

Quote from: Kuiper on July 06, 2025, 11:48:44 AMNot sure this is the right forum for this, but just thought people would want to know that Trinity (TX) University Offensive Coordinator Wade Lytal posted on X that his daughter is one of the kids missing from Camp Mystic after the floods.

Heartbreaking

A Trinity student, Aidan Heartfield '26, is also among the missing.

Forbes has listed 26 schools that formerly had to pay the 1.4% endowment earnings tax, but as a result of the thing that just was signed will no longer have to pay due to having fewer than 3,000 students.  D3 schools included, in order of endowment (largest first) are:

• Amherst
• Williams
• Wellesley
• Pomona
• Swarthmore
• Grinnell
• Bowdoin
• Washington and Lee
• Trinity (TX)
• Hamilton
• Berry
• Claremont McKenna
• Carleton
• Bryn Mawr
• Earlham

The closest school to the 3000 cutoff is Trinity (TX), 2,762.

D3 schools still subject to the engorged endowment earnings tax as estimated by Forbes:

• 8%:  MIT
• 4%:  Smith
• 1.4%:  Emory, WashU

The only school close to 3,000 is Smith (3,192).

Record flooding underway in Kerrville, TX, home to Schreiner.  School should be OK as it's well above the river but the town is going to be hit hard by the rampaging Guadalupe River.

The story paints a relatively positive picture, but their 2024 Form 990 showed a loss of over $15M (on revenues of $95M), assets of $133M (primarily land/buildings/equipment, $77M) encumbered by liabilities of $87M.  The 2024 audit showed significant deficiency in internal controls.  They also lost over $15M in 2023.  In neither year did the school report any investment income.

In their audit the school claims the deficits "had been planned for prior to the beginning of the fiscal year and was covered by the release of board designated funds held by the University" which doesn't make the fact that they destroyed something like 55% of their current net value to pay the bills any better.  At the end of 2024 they had nearly $17M in accounts payable on top of $58M in long-term liabilities. 

Quote from: jknezek on July 02, 2025, 11:39:38 AMI don't care about the color, so long as the uniforms don't blend in, but I wonder if that will be even hotter than a green field. I'm not sure Texas is the area I'd be aiming for darker colors.

And most of their home games are afternoon, too.  And they wear dark unis at home.  Yeek.

McMurry is putting in some decidedly non-green turf:  https://x.com/codycoil/status/1940170019649789994

Quote from: CNU85 on July 01, 2025, 12:05:23 PMI wonder how nearby Adrian is doing from a financial standpoint.

Decently by comparison.  Have shown profits (net income) of $4.8M (2024), $9.6M, -$1.6M, $8.6M, $3.9M (2020) the last five years on yearly expenses ranging from $96M in FY24 to $90M in FY20.  Net assets have increased in that time from $93M to $126M.  No issues raised in most recent audit.  $11M cash on-hand, $57M in investments and $27M in beneficial interest in trusts held by others; long-term debt is a bit high at $42M, $10M in short-term borrowing also notable but a 3:1 asset:debt ratio is not bad for a small school in this era.  They also have a healthy donor pipeline with nearly $10M in gifts in 2024, $8.5M in 2023.  On top of those gifts they saw $2M additional to their endowment in '24 and nearly $7M to it in '23. 

AA offers daily puddle jumpers (Embraer 175s or Canadair RJ700s) from DFW to Killeen (GRK), which is adjacent to Belton.  The fare from COS is pretty reasonable as such things go.  Since they connect in DFW they could get back to the West Coast without having to brave Austin traffic and its busy airport. 

I think it's just small schools without adequate financial resources, of which there are many in both D3 and NAIA.  I had a quick look at their last audit, which was flagged as not having the resources to continue as a going concern (good call!) and 75% of their assets ($84M) were their property & equipment ($63M).  You can't pay people (or anything else) with that.

Quote from: DagarmanSpartan on June 29, 2025, 03:15:59 PMInteresting.

I guess CWRU's endowment places it just outside the threshold.

We'll see.

Case's endowment per student is $207K, well below the cutoff.

According to a WSJ story I read at lunch, the "only US citizens count" provision was also removed.  I can't provide the link as it was through Apple News+, likely paywalled, and can't find the article again.

Quote from: Kuiper on June 28, 2025, 02:33:03 PM

Quote from: Ron Boerger on June 28, 2025, 10:44:04 AMAccording to Politico, the enhanced college endowment earnings tax in the upcoming federal budget has been scaled back in the Senate and will now (if passed and approved by both houses and signed into law) impact only colleges with over 3,000 "tuition-paying students", up from the current 500.  The Senate parliamentarian also ruled that the previously proposed exemption for religious schools (Hillsdale, Notre Dame, etc) violates the Senate's rules for what can and cannot be included in bills that go through the reconciliation (simple majority, cannot be filibustered) process.

The maximum tax on endowment earnings in the current version of the bill making its way through the Senate would be 8% rather than the 21% proposed in the House.

Of course, any difference in bills passed by the House and Senate will themselves have to be reconciled, so even if the Senate does approve this version things could change before the final (disastrous) budget is approved.

Has anyone compiled the list of schools that will now be hit by the tax under the Senate version?

Hard to say definitively given the vagueness of the story, but if the parameters are ">= 3000 FTEs, $500K/student" the complete list would be Harvard, Yale, Stanford, Princeton, MIT, UPenn, Notre Dame, Northwestern, Johns Hopkins, WashU, Duke, Emory, Vanderbilt, UChicago, Dartmouth, Rice, Brown, Richmond, UCSF, Wesleyan (CT).  That's using 2024 NACUBO data; not all schools report to NACUBO, and the numbers, both enrollment and endowment, have likely changed somewhat since.

Smith reported 2888 FTE, the only school with over 2800 FTE that would meet the financial criterion.

Columbia reported $478K/student, Middlebury $494K/student.  It's unclear if the "only US citizen students count for $/FTE" provision was retained; if so both would likely be over $500K/FTE. 

According to Politico, the enhanced college endowment earnings tax in the upcoming federal budget has been scaled back in the Senate and will now (if passed and approved by both houses and signed into law) impact only colleges with over 3,000 "tuition-paying students", up from the current 500.  The Senate parliamentarian also ruled that the previously proposed exemption for religious schools (Hillsdale, Notre Dame, etc) violates the Senate's rules for what can and cannot be included in bills that go through the reconciliation (simple majority, cannot be filibustered) process.

The maximum tax on endowment earnings in the current version of the bill making its way through the Senate would be 8% rather than the 21% proposed in the House.

Of course, any difference in bills passed by the House and Senate will themselves have to be reconciled, so even if the Senate does approve this version things could change before the final (disastrous) budget is approved.

Seeing Cartee take on his long-time mentor McGinlay should be fascinating.  It's going to be a hot one in San Antonio (August 29th) but they had the foresight to set the start to 8pm when it won't be totally nuclear.   It's on the calendar.