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Nonprofiteer
← STUDENT SERVICES INC

Form 990 for tax year 2022

Filed by STUDENT SERVICES INC.

Totals

Total revenue
$979,712
Total expenses
$1,347,710
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$198,954
Investment income
$27,462
Other revenue
$753,296
Total assets, end of year
$4,019,897
Total liabilities, end of year
$3,365,377
Net assets or fund balances, end of year
$654,520
Program services expenses (Part IX)
$797,150
Management and general expenses
$550,560
Fundraising expenses
$0
Program service expenses (Part III)
$797,150

Program services were 59.1% 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 ORGANIZATION SUPPORT FEE

    total $150,000 · related or exempt $150,000

  • 2b · Program service revenue: MANAGEMENT FEES

    total $48,954 · related or exempt $48,954

  • 3 · Investment income

    total $27,462 · excluded $27,462

  • 10a · Gross sales of inventory

    $1,474,432

  • 10b · Cost of goods sold

    $721,533

  • 10c · Net income from sales of inventory

    total $752,899 · related or exempt $752,899

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $397 · related or exempt $397

  • 11e · Other revenue, total

    $397

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $274,533 · program services $204,868 · management and general $69,665

  • 8 · Pension plan contributions

    total $241,042 · program services $108,251 · management and general $132,791

  • 9 · Other employee benefits

    total $178,635 · program services $90,602 · management and general $88,033

  • 10 · Payroll taxes

    total $22,321 · program services $16,671 · management and general $5,650

  • 11a · Fees: management

    total $348,733 · program services $232,657 · management and general $116,076

  • 11b · Fees: legal

    total $14,373 · management and general $14,373

  • 11c · Fees: accounting

    total $35,617 · management and general $35,617

  • 11f · Fees: investment management

    total $8,281 · management and general $8,281

  • 11g · Fees: other

    total $35,574 · program services $35,306 · management and general $268

  • 12 · Advertising and promotion

    total $444 · program services $444

  • 13 · Office expenses

    total $21,811 · program services $19,449 · management and general $2,362

  • 16 · Occupancy

    total $21,180 · program services $19,483 · management and general $1,697

  • 19 · Conferences, conventions and meetings

    total $49 · management and general $49

  • 22 · Depreciation, depletion and amortization

    total $27,340 · program services $12,551 · management and general $14,789

  • 23 · Insurance

    total $55,667 · program services $27,139 · management and general $28,528

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $39,448 · program services $20,952 · management and general $18,496

  • 24b · Other expenses: MISCELLANEOUS

    total $11,529 · program services $754 · management and general $10,775

  • 24c · Other expenses: WORKERS' COMPENSATION

    total $6,678 · program services $5,028 · management and general $1,650

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,455 · program services $2,995 · management and general $1,460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,902 · end of year $47,939

  • 2 · Savings and temporary cash investments

    beginning of year $3,339,664 · end of year $3,029,069

  • 4 · Accounts receivable

    beginning of year $273,534 · end of year $6,814

  • 8 · Inventories for sale or use

    beginning of year $523,454 · end of year $681,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,070 · end of year $29,543

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

    $1,953,618

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

    $1,859,140

  • 10c · Land, buildings and equipment, net

    beginning of year $121,817 · end of year $94,478

  • 15 · Other assets

    beginning of year $61,386 · end of year $130,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,460 · end of year $120,924

  • 25 · Other liabilities

    beginning of year $3,440,629 · end of year $3,244,453

  • 27 · Net assets without donor restrictions

    beginning of year $832,738 · end of year $654,520

Mission and programs · 2022

Mission

TO ENHANCE THE CAMPUS COMMUNITY BY PROVIDING PROFESSIONAL MANAGEMENT SERVICES, WHILE DEMONSTRATING EXCELLENT CUSTOMER SERVICE PRACTICES THROUGH DEDICATION AND COMMITMENT TO ENRICH THE STUDENT'S SOCIAL, CULTURAL, AND EDUCATIONAL EXPERIENCE AT MILLERSVILLE UNIVERSITY.

  • UNIVERSITY STORE - SALES OF TEXTBOOKS, EDUCATIONAL SUPPLIES, CLOTHING, AND MEMORABILIA.

    Expenses $797,150 · Revenue $653,600

  • LAUNDRY AND VENDING MACHINE - CAMPUS LAUNDRY, VENDING, ETC.

    Revenue $99,299

  • MANAGEMENT OF STUDENT GOVERNMENT ASSOCIATION AND STUDENT ORGANIZATION ACCOUNTS.

    Revenue $199,351

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Geoffrey Beers

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $336,352
    From this org
    $0
    From related orgs
    $269,696
    Other
    $66,656
    Hours/week
    10 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,029 related
    Bonus
    $0 + $14,667 related
    Other
    $0
    Deferred
    $0 + $59,735 related
    Nontaxable benefits
    $0 + $6,921 related
    Filer's total
    $0 + $336,352 related

  • Andrew Kehl

    CHIEF FINANCIAL OFFICER

    Total calculated
    $220,685
    From this org
    $0
    From related orgs
    $160,500
    Other
    $60,185
    Hours/week
    10 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,500 related
    Bonus
    $0 + $9,000 related
    Other
    $0
    Deferred
    $0 + $53,264 related
    Nontaxable benefits
    $0 + $6,921 related
    Filer's total
    $0 + $220,685 related

  • Philip Loht

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Abram Diffenbach

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sarah Dillon

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Catherine C Glass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Lamb

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Robert J Sempsey

    CHIEF BUSINESS OFFICER/SECRETARY

    Total calculated
    $294,841
    From this org
    $0
    From related orgs
    $233,907
    Other
    $60,934
    Hours/week
    10 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,791 related
    Bonus
    $0 + $13,116 related
    Other
    $0
    Deferred
    $0 + $54,013 related
    Nontaxable benefits
    $0 + $6,921 related
    Filer's total
    $0 + $294,841 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ORGANIZATION, USES THE FORM 990S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACTS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.
PART I, LINE 4B
GEOFFREY BEERS, CEO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ENTITY. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2022 WERE $19,061. ROBERT SEMPSEY, CBO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ENTITY. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2022 WERE $13,475.

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

No itemized grants to organizations on this return.

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
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202420549349300302

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