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Nonprofiteer
← STUDENT COOPERATIVE ASSOCIATION INC

Form 990 for tax year 2023

Filed by STUDENT COOPERATIVE ASSOCIATION INC.

Totals

Total revenue
$9,502,493
Total expenses
$8,722,061
Contributions and grants received
$0
Grants paid
$250,000
Program service revenue
$8,604,409
Investment income
$155,116
Other revenue
$742,968
Total assets, end of year
$30,454,385
Total liabilities, end of year
$20,976,487
Net assets or fund balances, end of year
$9,477,898
Program services expenses (Part IX)
$6,163,710
Management and general expenses
$2,558,351
Fundraising expenses
$0
Program service expenses (Part III)
$6,163,710

Program services were 70.7% 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.

  • 2a · Program service revenue: STUDENT FUND ACTIVITIES

    total $8,604,409 · related or exempt $8,604,409

  • 3 · Investment income

    total $155,116 · excluded $155,116

  • 5 · Royalties

    total $62,195 · excluded $62,195

  • 10a · Gross sales of inventory

    $2,818,988

  • 10b · Cost of goods sold

    $2,408,943

  • 10c · Net income from sales of inventory

    total $410,045 · related or exempt $410,045

  • 11a · Other revenue: STUDENT FUNDS MISCELLANEOUS

    total $147,627 · related or exempt $147,627

  • 11b · Other revenue: FACILITY RENTAL

    total $105,570 · related or exempt $105,570

  • 11c · Other revenue: COOP STORE MISCELLANEOUS

    total $15,773 · related or exempt $15,773

  • 11d · All other revenue

    total $1,758 · related or exempt $1,758

  • 11e · Other revenue, total

    $270,728

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 4 · Benefits paid to or for members

    total $3,367,732 · program services $3,367,732

  • 7 · Other salaries and wages

    total $866,613 · program services $583,733 · management and general $282,880

  • 8 · Pension plan contributions

    total $107,658 · program services $107,658

  • 9 · Other employee benefits

    total $213,547 · program services $213,547

  • 10 · Payroll taxes

    total $457,902 · program services $457,902

  • 11c · Fees: accounting

    total $43,925 · management and general $43,925

  • 12 · Advertising and promotion

    total $73,716 · program services $73,716

  • 13 · Office expenses

    total $230,865 · program services $96,556 · management and general $134,309

  • 14 · Information technology

    total $149,426 · program services $149,426

  • 15 · Royalties

    total $56,341 · program services $56,341

  • 16 · Occupancy

    total $485,936 · program services $485,936

  • 19 · Conferences, conventions and meetings

    total $761 · program services $761

  • 20 · Interest

    total $875,385 · management and general $875,385

  • 22 · Depreciation, depletion and amortization

    total $1,185,785 · management and general $1,185,785

  • 23 · Insurance

    total $253,829 · program services $253,829

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $47,628 · program services $11,561 · management and general $36,067

  • 24b · Other expenses: PROFESSIONAL SERVICES

    total $44,421 · program services $44,421

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $7,402 · program services $7,402

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $3,189 · program services $3,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,824,613 · end of year $4,260,453

  • 4 · Accounts receivable

    beginning of year $455,923 · end of year $433,857

  • 8 · Inventories for sale or use

    beginning of year $664,026 · end of year $425,540

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

    $49,301,882

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

    $24,624,438

  • 10c · Land, buildings and equipment, net

    beginning of year $24,549,558 · end of year $24,677,444

  • 14 · Intangible assets

    end of year $324,608

  • 15 · Other assets

    beginning of year $399,641 · end of year $332,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,850 · end of year $89,604

  • 25 · Other liabilities

    beginning of year $20,421,467 · end of year $20,886,883

  • 27 · Net assets without donor restrictions

    beginning of year $8,367,444 · end of year $9,477,898

Mission and programs · 2023

Mission

SERVICE ORGANIZATION FOR A STATE UNIVERSITY THAT PROVIDES FACILITIES, ACTIVITES, AND SERVICES TO ENHANCE THE SOCIAL, CULTURAL, RECREATIONAL, AND LEARNING EXPERIENCE OF THE UNIVERSITY AND COMMUNITY.

  • STUDENT FUND ACTIVITIES - INCLUDES CULTURAL, ATHLETIC, AND RECREATIONAL PROGRAMS, AS WELL AS EXTRA CURRICULAR ACTIVITIES AND AND SERVICES. 9,500 STUDENTS AND 1,375 FACULTY AND STAFF ARE SERVED.

    Expenses $5,319,565 · Grants $250,000 · Revenue $8,847,184

  • CENTRAL TREASURY - FACILITIES OPERATED FOR THE BENEFIT AND USE BY STUDENTS. ACTS AS A CLEARINGHOUSE AND BANK FOR VARIOUS STUDENT GROUPS.

    Expenses $1,456 · Revenue $12,180

  • CO-OP BOOKSTORE - CAMPUS BOOKSTORE OPERATION. PROVIDES TEXTBOOKS, SUPPLIES, ETC. FOR 9,500 STUDENTS AND 1,375 FACULTY AND STAFF.

    Expenses $842,689 · Revenue $425,818

As filed on the 2023 return.

Listed in Part VII

  • Louis Garzarelli

    EXECUTIVE DI

    Total calculated
    $168,600
    From this org
    $168,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $168,600

  • Robert Kanick

    CFO

    Total calculated
    $97,017
    From this org
    $97,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tyann Bell

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • Samuel Bigham

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • William Buttz

    NON VOTING A

    Total calculated
    $0
    Hours/week
    1

  • Joshua Castle

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Koga Chilume

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kaylee Becker George

    TREASURER/AS

    Total calculated
    $0
    Hours/week
    1

  • Caio Gomes

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • Abigail Hancox

    NON VOTING D

    Total calculated
    $0
    Hours/week
    1

  • Shagufta Haque

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jordan Hartman

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • Lanc Lannan

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • Michael Lemasters

    ALUMNI REP

    Total calculated
    $0
    Hours/week
    1

  • Christina Lyttle

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • Laney Monroe

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • Lauren Powers

    STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • James Racchini

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Risinger

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Segar

    NON-VOTING A

    Total calculated
    $0
    Hours/week
    1

  • Stephen Shiring

    FACULTY REP

    Total calculated
    $0
    Hours/week
    1

  • Dave Surtasky

    MANAGEMENT R

    Total calculated
    $0
    Hours/week
    1

  • Daniel Wissinger

    FACULTY REP

    Total calculated
    $0
    Hours/week
    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

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

  • FOUNDATION FOR IUP

    $250,000

    STUDENT ASSISTANCE

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2025
IRS schema version
2023v6.0
Source object
202501149349300610

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