Centre shirt in a park in Newport News, Va

and millions of dollars

I'm sure the dynamics are changing as well. 25 years ago, I do not believe the issue of institutions closing was as much of a factor as it is today.

Just for fun...I looked just at Region I men's basketball teams. I counted 44. If you remove the extremely stable NESCAC and MASCAC, that leaves 26 Institutions. Of those 26, I counted 14 changed conferences (incl going from IND into a conference - it changed the conference so I counted it). Of those 14, 6 changed conference twice and 1 changed 3 times since 2006.

Maybe if I have the desire for more fun, I will look at other regions. I have no idea what my brief research means. I just find it fascinating that there are so many changes. (Heck - look at the ASC/SCAC craziness!).

Division III should have a portal for entire athletic departments!   

I've been following D3 athletics for about 25 years. I have seen so many conference changes over the years. Someone recently said to me that they wonder when, if ever, some conferences and schools will start to see a value in stability.

You see stability in some conferences. But just look at the list Knightslappy posted (Thanks for keeping us up to date!)

I wonder how much of the ROU liability is offset by a corresponding ROU Asset? The entire ASC 842 is creating havoc with some balance sheets. I had to get our bank to redefine some of the debt covenants that were written before ASC 842 and impacted some ratios.

Unless I'm missing the boat completely, I've seen depreciation recorded in non-profit statements.

Also..

FASB 93

Dole out the Depreciation

Thanks for the additional info, Ron.

I'd like to see their cash situation. If the loss is only $1.7 Million with approx $40 Million in plant and property, there's a good chance that depreciation may exceed the $1.7 Million loss. So, while the books may show a loss according to GAAP, they very well could be in a positive cash flow situation. However, like your post suggests, this situation is not tenable long term. I think it was a Sweet Briar president who said something like...."go get students and money".

Quote from: jknezek on May 31, 2025, 11:22:11 AM

Quote from: y_jack_lok on May 31, 2025, 09:32:50 AM

Quote from: jknezek on May 30, 2025, 02:30:33 PMODAC has some problem children between Averett and Guilford. There are a few others that I would look real closely at before writing a check for my kid.

It was this past fall, I think, that there were some posts on the ODAC boards about financial issues and personnel discontent at Lynchburg. Are you thinking of any others?

I think Lynchburg will be ok. Thinking more of Sweet Briar or EMU. Schools very dependent on tuition and relatively small endowments.

I found some info on EMU. In this report is a graph that provides a Financial Strength Score from the Council of Independent Colleges. Based on that one metric, they seem to be stable.

EMU President's Report 2024

I don't recall seeing this on the boards. My apologies if I'm bringing up old news. Endowment now down to $1.9 Million.

Averett Sues former CFO

Slim Pickins'

Doesn't look like much out there....at least published.

DII Limestone announces closure


They have won quite a few Men's Lacrosse national championships. There will be some good student athletes available.

Quote from: KnightSlappy on April 17, 2025, 12:51:54 PMSlightly off topic, but as I'm updating some of my personal conference tracking info, I still have C2C as being on track to lose their AQ in Men's basketball in 2026-27 if they do not add an additional member. The conference as a whole was saved from restricted status by approval of their request in for immediate application of new bylaw 20.9.1.2 (6 member minimum) in February's membership committee meeting, but I do not think this helps MBB.

This past season, 2024-25, they had 5 members: (Chris. Newport, Mary Washington, Salisbury, UC Santa Cruz, Warren Wilson). Grace year 1.

Next season, 2025-26, they will add two provisional members: Johnson and Wales (NC) and Regent, but these should not count toward minimums (until Year 3 provisional status). Grace year 2.

2026-27, C2C loses the AQ in MBB.

2027-28, Regent and J&W (NC) reach Year 3 and begin counting. Waiting year 1.

2028-29, Regent and J&W (NC) are full members. Waiting year 2.

2029-30, C2C regains MBB AQ.

Please let me know if I am not correct on this or if I am missing something.

I have verified that you are correct. Nicely done! A nice and easy explanation.

Quote from: Ron Boerger on April 15, 2025, 05:07:00 PMFWIW Sully charges $11.52 per semester hour for "athletic fees".  That's in addition to tuition of $225.80 per hour (state residents), "student service fees"of $22/sh, $5/sh for "student center fees", $43.87/sh for "institutional service" fees, and one time fees of $100 for recreational sports and $34 for medical services.  Out of state students pay the same except $645.80/sh for tuition. 

Interesting. I just looked up CNU's fees for Intercollegiate athletics and intramurals. $117.46 per credit hour.

I believe they stop at 12 credit hours because everything is listed as the cost for 12-17 hours per semester.

12hrs X 117.46 X 4500 students X 2 semesters per year. That's $12.7 million to cover athletics and intramurals. Plus ticket sales and donors. On another board I recently calculated that football and basketball ticket sales are approx $500k. I know the donor amount but am not allowed to say other than it is 7 figures per year.  Throw in merchandise on campus, on line and in numerous local stores and also toss in proceeds from CNU Captains Lager and it all adds up quickly.

I did find out just now that at some of the bigger schools, partial salaries of athletic department employees are funded by the state as a state employee. But only partially.

At CNU, no state funds are used for athletics. It comes from student fees and donors.

Quote from: Riley Zayas on April 15, 2025, 02:48:19 PMAgreed. I just think from their standpoint, scholarships go a long way in recruiting, especially as a public school. Not impossible to recruit without them, considering they were D3 for as long as they were, but it's hard to see where the benefit would be to SRSU returning to D3.

And yeah, the travel thing may have been used more for PR reasons than it actual reality, but I think about the future ASC setup. If SRSU returned to make it 7, they'd still need 4 non-conference football games and 13 non-conference basketball/soccer/volleyball.  In non-football sports, you hardly even have to play outside your league in the LSC. That saves money, because you're not spending several thousand to fly your men's basketball team to Colorado/Oregon/California or bus them to Arkansas for two games. Financially, it'd work fine with football...but it's all the other sports that would be of concern compared to the LSC schedule.

You mentioned the state pays for the scholarships. Is this a Texas thing? In Virginia, zero state funds are used for athletic expenses. Operational, scholarships, salaries etc. ZERO! I know, as an example, UVA has the VAF (Virginia Athletic Foundation) which is a private foundation that raises the money to fund all of UVA's athletic scholarships.