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IHSA finances, pensions focus of lawmakers' hearing

05/19/2014, 7:00pm CDT
By Chris Fusco and Michael O'Brien

Critics say the IHSA should reveal details about the nearly $11 million it takes in and spends each year because more than 80 percent of its 800-plus member schools are taxpayer-funded public high schools.

Pension payouts: $590,911.

Legal and audit expenses: $147,140.

Income from sponsors and royalties: $647,633.

Profits from games broadcast on TV, radio and the Internet: $66,095.

All of the above are part of the Illinois High School Association’s most recent audit filed with Illinois attorney general, covering the 2012-2013 school year.

But because the high school sports governing body is a private, not-for-profit organization, it doesn’t need to report anything more about its legal fees, pension costs or the terms of its sponsorship and television deals. Read more here...

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