FB: Southern Athletic Association

Started by Ron Boerger, October 25, 2011, 02:57:49 PM

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Ralph Turner

Quote from: cush on February 23, 2023, 11:23:09 AM
According to a AL.com article, BSC endowment is between $20-25 million and its debt is $27 million. In 2012, it's endowment was $48 million and debt was $67 million. I'm not sure how the $45 million in pledged funds out of a $200 million goal by 2026 figures into any of this or what kind of operating debt BSC will have this year or next. The $200 million endowment goal in 3 years seems like a huge reach given their current numbers. It would seem BSC would have been better off breaking their fundraising goal into a couple categories, annual operating, endowment and facility improvements. Put a $50 million goal for each category and don't move past annual operating until the goal is meet. A reasonable plan should be to eliminate their debt, get their endowment above $50 million and don't run an annual deficit. Their campus also needs some TLC to function.
Even tho' McMurry's NACUBO numbers are not included in this year's publication, I have researched McMurry's IRS filings. I am familiar with McMurry's endowment and its monies from trusts that are managed by a third party.

I would presume that B-SC's "endowment/NACUBO" totals include quite a bit of trust money that would revert to another entity, were BS-C to go under. In that case, I am sure that their "endowment" is much less that what we are seeing, and that they are virtually broke.

Ron Boerger

Quote from: cush on February 23, 2023, 11:23:09 AM
According to a AL.com article, BSC endowment is between $20-25 million and its debt is $27 million. In 2012, it's endowment was $48 million and debt was $67 million. I'm not sure how the $45 million in pledged funds out of a $200 million goal by 2026 figures into any of this or what kind of operating debt BSC will have this year or next. The $200 million endowment goal in 3 years seems like a huge reach given their current numbers. It would seem BSC would have been better off breaking their fundraising goal into a couple categories, annual operating, endowment and facility improvements. Put a $50 million goal for each category and don't move past annual operating until the goal is meet. A reasonable plan should be to eliminate their debt, get their endowment above $50 million and don't run an annual deficit. Their campus also needs some TLC to function.

The administration has pledged that the additional endowment money raised so far won't be utilized until they reach their goal, which is one reason why they are trying to get the $30M to cover ongoing, short-term future, and deferred costs.  Not saying that's a great strategy but it probably had to be done to convince donors who were on the fence to make a commitment.  Here's why:

Between June 30, 2022 and today, the endowment has gone from an audited $54 million to 'between $20-25 million'.  Burning through $30 million in 18 months - yes, there were market losses but if they lost 10% in investment value (which is above average for the period) that would only account for a sixth of the loss. 

Ron Boerger

I had the pleasure of running into Coach Urban at yesterday's SCAC men's basketball championships and he shared what they're planning for the non-conference slate.  I can say that it's truly something they've never done before and is more challenging than last year's schedule.  They are hoping to be able to release it this week.

Ron Boerger

Thanks to a d3ticker.com post I see the SAA is looking for a new commissioner as of 2/23.  Is Jay Gardiner retiring or moving to a role elsewhere?  The release says nothing about the need for the search or Gardiner himself. 

DuffMan

Quote from: Ron Boerger on February 27, 2023, 07:41:21 AM
I had the pleasure of running into Coach Urban at yesterday's SCAC men's basketball championships and he shared what they're planning for the non-conference slate.  I can say that it's truly something they've never done before and is more challenging than last year's schedule.  They are hoping to be able to release it this week.

I saw this leaked on Twitter yesterday.  Awesome move by all parties! 

Trinity will play two DIII powerhouses in 2023

A tradition unrivaled...
MIAC Champions: '32, '35, '36, '38, '53, '62, '63, '65, '71, '74, '75, '76, '77, '79, '82, '85, '89, '91, '93, '94, '95, '96, '98, '99, '01, '02, '03, '05, '06, '08, '09, '14, '18, '19, '21, '22, '24
National Champions: '63, '65, '76, '03

The Third Division

Quote from: DuffMan on February 28, 2023, 08:54:30 AM
Quote from: Ron Boerger on February 27, 2023, 07:41:21 AM
I had the pleasure of running into Coach Urban at yesterday's SCAC men's basketball championships and he shared what they're planning for the non-conference slate.  I can say that it's truly something they've never done before and is more challenging than last year's schedule.  They are hoping to be able to release it this week.

I saw this leaked on Twitter yesterday.  Awesome move by all parties! 

Trinity will play two DIII powerhouses in 2023

MU and NC need to take note.

crufootball

Quote from: DuffMan on February 28, 2023, 08:54:30 AM
Quote from: Ron Boerger on February 27, 2023, 07:41:21 AM
I had the pleasure of running into Coach Urban at yesterday's SCAC men's basketball championships and he shared what they're planning for the non-conference slate.  I can say that it's truly something they've never done before and is more challenging than last year's schedule.  They are hoping to be able to release it this week.

I saw this leaked on Twitter yesterday.  Awesome move by all parties! 

Trinity will play two DIII powerhouses in 2023

So glad to hear about this, both schools get a good non conference game that doesn't require either to get on a plane. Now all UMHB has to do is fine another team to say yes.

DuffMan

Last time SJU and Trinity played, Coach Urban and DuffMan were on the field.  :o

A tradition unrivaled...
MIAC Champions: '32, '35, '36, '38, '53, '62, '63, '65, '71, '74, '75, '76, '77, '79, '82, '85, '89, '91, '93, '94, '95, '96, '98, '99, '01, '02, '03, '05, '06, '08, '09, '14, '18, '19, '21, '22, '24
National Champions: '63, '65, '76, '03

D3fanboy

Quote from: TromboneJB on February 28, 2023, 09:15:27 AM
Quote from: DuffMan on February 28, 2023, 08:54:30 AM
Quote from: Ron Boerger on February 27, 2023, 07:41:21 AM
I had the pleasure of running into Coach Urban at yesterday's SCAC men's basketball championships and he shared what they're planning for the non-conference slate.  I can say that it's truly something they've never done before and is more challenging than last year's schedule.  They are hoping to be able to release it this week.

I saw this leaked on Twitter yesterday.  Awesome move by all parties! 

Trinity will play two DIII powerhouses in 2023

MU and NC need to take note.

lol

Ron Boerger

Quote from: DuffMan on February 28, 2023, 11:12:52 AM
Last time SJU and Trinity played, Coach Urban and DuffMan were on the field.  :o

This was back in the day when D3football.com was sending writers to cover games (the internet having yet to have the bandwidth and wide usage it does today).  Normally I would have been there - at the time I was the located up the road north of Dallas and would become a regional correspondent the following season - but we had to attend a theatre performance by our niece at Kent State.  As a result, I missed seeing what turned out to be Trinity's last playoff win for nearly two decades.  I did go the following week, much to my chagrin.

I may have to see if I can get up to Collegeville for one of the seminal experiences in all of small-college football.

Ron Boerger

#2785
Going back to the SAA commissioner search, apparently the role is, for whatever reason, now vacant as the search page says "{s}creening of candidates will begin March 13 and continue until the position is filled." 

DuffMan

Quote from: Ron Boerger on February 28, 2023, 07:38:02 PM
As a result, I missed seeing what turned out to be Trinity's last playoff win for nearly two decades.

That's tough to believe as that '02 team was pretty darn good.  Even with Hampton, I don't think they would have beaten MUC, but they were good.  I'm definitely not still bitter. ;)

A tradition unrivaled...
MIAC Champions: '32, '35, '36, '38, '53, '62, '63, '65, '71, '74, '75, '76, '77, '79, '82, '85, '89, '91, '93, '94, '95, '96, '98, '99, '01, '02, '03, '05, '06, '08, '09, '14, '18, '19, '21, '22, '24
National Champions: '63, '65, '76, '03

DuffMan

Here's the official announcement from SJU: SJU Football Completes 2023 Schedule 

The 2023 game is at SJU.

A tradition unrivaled...
MIAC Champions: '32, '35, '36, '38, '53, '62, '63, '65, '71, '74, '75, '76, '77, '79, '82, '85, '89, '91, '93, '94, '95, '96, '98, '99, '01, '02, '03, '05, '06, '08, '09, '14, '18, '19, '21, '22, '24
National Champions: '63, '65, '76, '03

Ron Boerger

#2788
Quote from: DuffMan on March 01, 2023, 01:48:00 PM
Here's the official announcement from SJU: SJU Football Completes 2023 Schedule 

The 2023 game is at SJU.

Kind of your coach to state that Trinity is a 'perennial' playoff participant when they've only made them twice in the last decade, albeit the last two seasons.  Hope we will have the chance to see the Johnnies in SA next season.

Trinity also posted its schedule; @SJU, UMHB in San Antonio, and then at revenge-minded Birmingham-Southern.  With Southwestern joining the SAA those first two games are the sole non-conference fixtures, and the bye week doesn't come until mid-October.  Pretty tough schedule (Capt. Obvious here) - besides facing those three programs in three weeks Trinity alternates home and away all season. 

jekelish

Quote from: Ron Boerger on March 01, 2023, 09:13:40 AM
Going back to the SAA commissioner search, apparently the role is, for whatever reason, now vacant as the search page says "{s}creening of candidates will begin March 13 and continue until the position is filled."

Jay is retiring