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Nonprofiteer
← SPARTAN SHOPS INC

Form 990 for tax year 2023

Filed by SPARTAN SHOPS INC.

Totals

Total revenue
$3,831,932
Total expenses
$4,594,411
Contributions and grants received
$10,000
Grants paid
$151,748
Program service revenue
$3,517,354
Investment income
$256,949
Other revenue
$47,629
Total assets, end of year
$17,682,112
Total liabilities, end of year
$18,821,221
Net assets or fund balances, end of year
-$1,139,109
Program services expenses (Part IX)
$3,596,542
Management and general expenses
$997,869
Fundraising expenses
$0
Program service expenses (Part III)
$3,596,542

Program services were 78.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,000

  • 2a · Program service revenue: DINING SERVICES

    total $1,814,703 · related or exempt $1,814,703

  • 2b · Program service revenue: DINING CAPITAL INVESTM

    total $687,354 · related or exempt $687,354

  • 2c · Program service revenue: BOOKSTORE COMMISSIONS

    total $512,033 · related or exempt $512,033

  • 2d · Program service revenue: RENTAL REVENUE

    total $403,264 · related or exempt $403,264

  • 2e · Program service revenue: BOOKSTORE CAPITAL INVE

    total $100,000 · related or exempt $100,000

  • 3 · Investment income

    total $143,780 · excluded $143,780

  • 7a · Gross sales of assets other than inventory

    securities $126,356

  • 7b · Less cost or other basis and sales expenses

    securities $13,187

  • 7c · Gain or loss

    securities $113,169

  • 7d · Net gain or loss

    total $113,169 · excluded $113,169

  • 11a · Other revenue: INTEREST INCOME FROM N

    total $46,817 · excluded $46,817

  • 11d · All other revenue

    total $812 · related or exempt $812

  • 11e · Other revenue, total

    $47,629

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,748 · program services $151,748

  • 11a · Fees: management

    total $21,153 · program services $21,153

  • 11c · Fees: accounting

    total $441,434 · management and general $441,434

  • 11g · Fees: other

    total $246,169 · management and general $246,169

  • 12 · Advertising and promotion

    total $420 · program services $420

  • 13 · Office expenses

    total $25,887 · program services $15,961 · management and general $9,926

  • 14 · Information technology

    total $298,792 · management and general $298,792

  • 16 · Occupancy

    total $2,251,448 · program services $2,251,448

  • 22 · Depreciation, depletion and amortization

    total $1,085,720 · program services $1,085,720

  • 23 · Insurance

    total $57,842 · program services $56,842 · management and general $1,000

  • 24a · Other expenses: TAXES AND LICENSES

    total $7,146 · program services $6,598 · management and general $548

  • 24e · All other expenses

    total $6,652 · program services $6,652

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,368,514 · end of year $529,388

  • 2 · Savings and temporary cash investments

    beginning of year $1,168,971 · end of year $1,233,099

  • 4 · Accounts receivable

    beginning of year $674,452 · end of year $365,696

  • 7 · Other notes and loans receivable

    beginning of year $210,210 · end of year $183,529

  • 10a · Land, buildings and equipment: cost or other basis

    $21,402,648

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,974,945

  • 10c · Land, buildings and equipment, net

    beginning of year $9,923,265 · end of year $10,427,703

  • 11 · Investments: publicly traded securities

    beginning of year $4,016,183 · end of year $4,034,478

  • 15 · Other assets

    beginning of year $1,138,496 · end of year $908,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,077,285 · end of year $147,880

  • 19 · Deferred revenue

    beginning of year $15,393,344 · end of year $16,534,434

  • 21 · Escrow or custodial account liability

    beginning of year $25,972 · end of year $29,472

  • 25 · Other liabilities

    beginning of year $2,098,863 · end of year $2,109,435

  • 27 · Net assets without donor restrictions

    beginning of year -$10,018,638 · end of year -$11,566,812

  • 28 · Net assets with donor restrictions

    beginning of year $9,923,265 · end of year $10,427,703

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AND MANAGE THE CAMPUS BOOKSTORE, DINING SERVICES AND CERTAIN REAL ESTATE PROPERTIES. SPARTAN SHOPS HAS AN AGREEMENT WITH BARNES & NOBLE COLLEGE BOOKSELLERS ("BARNES & NOBLE") FOR THE DAILY OPERATION OF THE SPARTAN BOOKSTORE AND WITH CHARTWELLS HIGHER EDUCATION ("CHARTWELLS") TO PROVIDE ALL DINING SERVICES TO THE SAN JOSE STATE UNIVERSITY ("SJSU") CAMPUS. SPARTAN SHOPS HOLDS AND ADMINISTERS ASSETS FOR THE ORGANIZATION'S OTHER POST-EMPLOYMENT BENEFITS ("OPEB") PLAN IN A FIDUCIARY FUND.

Activities or mission (Part I)

TO PROVIDE AND MANAGE A CAMPUS BOOKSTORE, DINING SERVICES AND REAL ESTATE FOR SJSU.

  • SPARTAN SHOPS ENTERED INTO AN AGREEMENT WITH CHARTWELLS HIGHER EDUCATION ("CHARTWELLS"), A DIVISION OF COMPASS GROUP USA, INC., TO MANAGE ALL FOOD PREPARATION AND SERVICE PROGRAMS ON BEHALF OF SJSU. THEREFORE, CHARTWELLS HAS SERVED AS SJSU'S EXCLUSIVE FOOD SERVICE PROVIDER SINCE 2018. AS PART OF THIS AGREEMENT, CHARTWELLS PROVIDES RESIDENTIAL DINING SERVICES IN OUR DINING COMMONS, A FOOD COURT AND RETAIL WITHIN THE DIAZ COMPEAN STUDENT UNION, TWO MARKETS, CONCESSIONS IN THE PROVIDENT CREDIT UNION EVENT CENTER AND SOUTH CAMPUS ATHLETICS FACILITIES, AS WELL AS CATERING ON THE MAIN CAMPUS, SOUTH CAMPUS, AND THE HAMMER THEATRE.

    Expenses $3,115,513 · Grants $151,748 · Revenue $2,502,869

  • PROVIDE HOUSING SERVICES FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY COMMUNITY. WE OWN AND OFFER 13 BELOW MARKET RATE RENTAL HOUSING UNITS FOR FACULTY AND STAFF.

    Expenses $326,922 · Revenue $403,264

  • MANAGE SPARTAN BOOKSTORE. SPARTAN BOOKSTORE PROVIDES COURSE MATERIALS, ELECTRONIC GOODS, RETAIL MERCHANDISE, UNIVERSITY BRANDED GOODS AND SCHOOL SUPPLIES TO THE SJSU CAMPUS COMMUNITY.

    Expenses $154,107 · Revenue $612,033

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charlie Faas

    PRESIDENT/INTERIM BOARD CHAIR

    Total calculated
    $371,325
    From this org
    $0
    From related orgs
    $287,306
    Other
    $84,019
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,910 related
    Bonus
    $0
    Other
    $0 + $396 related
    Deferred
    $0 + $46,733 related
    Nontaxable benefits
    $0 + $37,286 related
    Filer's total
    $0 + $371,325 related

  • Patrick Day

    DIRECTOR (UNTIL 1/24)

    Total calculated
    $339,255
    From this org
    $0
    From related orgs
    $280,299
    Other
    $58,956
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,299 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,733 related
    Nontaxable benefits
    $0 + $12,223 related
    Filer's total
    $0 + $339,255 related

  • Tanvi Kothari

    DIRECTOR

    Total calculated
    $250,745
    From this org
    $0
    From related orgs
    $173,860
    Other
    $76,885
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,410 related
    Bonus
    $0 + $450 related
    Other
    $0
    Deferred
    $0 + $47,923 related
    Nontaxable benefits
    $0 + $28,962 related
    Filer's total
    $0 + $250,745 related

  • Bill Campsey

    SECRETARY AND TREASURER

    Total calculated
    $70,897
    From this org
    $0
    From related orgs
    $70,897
    Other
    $0
    Hours/week
    0.1 + 39.9 related

  • Sarab Multani

    DIRECTOR

    Total calculated
    $9,284
    From this org
    $0
    From related orgs
    $9,284
    Other
    $0
    Hours/week
    0.1 + 3.9 related

  • Mari Fuentes-Martin

    DIRECTOR (AS OF 1/24)

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 related

  • Julie Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY SAN JOSE STATE UNIVERSITY (SJSU), A RELATED ORGANIZATION. SJSU ESTABLISHES THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT BASED ON GUIDELINES OF THE UNIVERSITY AND THROUGH THE USE OF A COMPENSATION SURVEY OR STUDY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SAN JOSE STATE UNIVERSITY

    $151,748

    SPARTAN VILLAGE PASEO PROJECT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202540309349300344

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