Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $44,404

• 1e · Government grants (contributions)

  $1,337,273

• 1f · All other contributions, gifts and grants

  $431,828

• 1g · Noncash contributions included above

  $267,907

• 2a · Program service revenue: STUDENT FEES

  total $16,963,959 · related or exempt $16,963,959

• 2b · Program service revenue: STUDENTS RECREATIONAL CENTER

  total $1,498,474 · related or exempt $1,250,972 · unrelated business $247,502

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $1,061,519 · related or exempt $1,061,519

• 2d · Program service revenue: CHILDREN'S CENTER

  total $701,226 · related or exempt $519,629 · unrelated business $181,597

• 3 · Investment income

  total $815,045 · excluded $815,045

• 7a · Gross sales of assets other than inventory

  securities $14,875,762

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

  securities $14,480,197

• 7c · Gain or loss

  securities $395,565

• 7d · Net gain or loss

  total $395,565 · excluded $395,565

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,541,690 · program services $2,541,690

• 5 · Compensation of officers, directors and key employees

  total $670,388 · management and general $670,388

• 7 · Other salaries and wages

  total $8,150,933 · program services $5,430,175 · management and general $2,720,758

• 8 · Pension plan contributions

  total $814,899 · program services $359,064 · management and general $455,835

• 9 · Other employee benefits

  total $3,024,530 · program services $1,332,679 · management and general $1,691,851

• 10 · Payroll taxes

  total $484,380 · program services $213,429 · management and general $270,951

• 11c · Fees: accounting

  total $125,682 · management and general $125,682

• 11f · Fees: investment management

  total $38,676 · management and general $38,676

• 11g · Fees: other

  total $2,817,900 · program services $962,343 · management and general $1,855,557

• 13 · Office expenses

  total $1,099,806 · program services $698,401 · management and general $401,405

• 16 · Occupancy

  total $688,928 · program services $29,448 · management and general $659,480

• 17 · Travel

  total $257,921 · program services $191,524 · management and general $66,397

• 22 · Depreciation, depletion and amortization

  total $343,225 · program services $334 · management and general $342,891

• 23 · Insurance

  total $393,503 · program services $65,963 · management and general $327,540

• 24a · Other expenses: OTHER EXPENSES

  total $846,145 · program services $444,260 · management and general $401,885

• 24b · Other expenses: COST ALLOCATION

  total $498,012 · program services $0 · management and general $498,012

• 24c · Other expenses: DUES & FEES

  total $381,717 · program services $200,417 · management and general $181,300

• 24d · Other expenses: CONTRACTS AND RENTALS

  total $308,107 · program services $291,754 · management and general $16,353

• 24e · All other expenses

  total $301,344 · program services $97,077 · management and general $204,267

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,674,428 · end of year $797,880

• 2 · Savings and temporary cash investments

  beginning of year $302,516 · end of year $356,443

• 4 · Accounts receivable

  beginning of year $1,319,460 · end of year $1,123,547

• 8 · Inventories for sale or use

  beginning of year $14,097 · end of year $11,190

• 9 · Prepaid expenses and deferred charges

  beginning of year $120,143 · end of year $368,416

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

  $3,622,195

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

  $2,294,040

• 10c · Land, buildings and equipment, net

  beginning of year $1,446,833 · end of year $1,328,155

• 12 · Investments: other securities

  beginning of year $19,912,204 · end of year $21,667,896

• 15 · Other assets

  beginning of year $0 · end of year $292,751

• 17 · Accounts payable and accrued expenses

  beginning of year $1,269,983 · end of year $1,238,028

• 19 · Deferred revenue

  beginning of year $524,142 · end of year $732,863

• 21 · Escrow or custodial account liability

  beginning of year $871,482 · end of year $799,650

• 25 · Other liabilities

  beginning of year $13,451,790 · end of year $14,140,060

• 27 · Net assets without donor restrictions

  beginning of year $8,487,845 · end of year $8,896,235

• 28 · Net assets with donor restrictions

  beginning of year $184,439 · end of year $139,442

The filer's explanations (Part III)

PART I, LINE 3

ASI PARTICIPATES IN AN ANNUAL SALARY SURVEY OF ALL CSU AUXILIARY ORGANIZATIONS (CSU AOA) FACILITATED BY EMPLOYER'S GROUP. THE SALARY LEVEL FOR ASI'S EXECUTIVE DIRECTOR IS MEASURED AGAINST THESE BENCHMARKS, AN ANALYSIS IS PREPARED, AND ANY INCREASE RECOMMENDATION IS PRESENTED TO THE ASI BOARD OF DIRECTORS FOR INDIVIDUAL REVIEW AND APPROVAL. THE SALARY LEVELS FOR THE OTHER MANAGEMENT POSITIONS AS WELL AS ALL OTHER FULL-TIME STAFF ARE ALSO MEASURED AGAINST THESE BENCHMARKS AND ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL OVERALL HUMAN RESOURCES COMPENSATION AND CLASSIFICATION APPROVAL PROCESS.