Form 990 for tax year 2024
Filed by STUDENT COOPERATIVE ASSOCIATION INC.
Totals
- Total revenue
- $9,337,143
- Total expenses
- $9,267,740
- Contributions and grants received
- $0
- Grants paid
- $250,000
- Program service revenue
- $8,436,192
- Investment income
- $157,856
- Other revenue
- $743,095
- Total assets, end of year
- $28,452,590
- Total liabilities, end of year
- $18,905,289
- Net assets or fund balances, end of year
- $9,547,301
- Program services expenses (Part IX)
- $8,877,073
- Management and general expenses
- $390,667
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,877,073
Program services were 95.8% 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 $8,436,192 · related or exempt $8,436,192
-
3 · Investment income
total $208,369 · excluded $208,369
-
5 · Royalties
total $57,493 · excluded $57,493
-
7a · Gross sales of assets other than inventory
other assets $1,000
-
7b · Less cost or other basis and sales expenses
other assets $51,513
-
7c · Gain or loss
other assets -$50,513
-
7d · Net gain or loss
total -$50,513 · related or exempt -$50,513
-
10a · Gross sales of inventory
$2,766,268
-
10b · Cost of goods sold
$2,100,504
-
10c · Net income from sales of inventory
total $665,764 · related or exempt $665,764
-
11a · Other revenue: MISCELLANEOUS
total $17,130 · related or exempt $17,130
-
11b · Other revenue: FACILITY RENTAL
total $2,708 · related or exempt $2,708
-
11e · Other revenue, total
$19,838
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 $3,785,617 · program services $3,785,617
-
7 · Other salaries and wages
total $924,507 · program services $657,290 · management and general $267,217
-
8 · Pension plan contributions
total $122,741 · program services $122,741
-
9 · Other employee benefits
total $233,105 · program services $233,105
-
10 · Payroll taxes
total $482,432 · program services $482,432
-
11c · Fees: accounting
total $31,280 · management and general $31,280
-
12 · Advertising and promotion
total $77,096 · program services $77,096
-
13 · Office expenses
total $202,846 · program services $110,676 · management and general $92,170
-
14 · Information technology
total $166,845 · program services $166,845
-
15 · Royalties
total $51,260 · program services $51,260
-
16 · Occupancy
total $524,629 · program services $524,629
-
19 · Conferences, conventions and meetings
total $202 · program services $202
-
20 · Interest
total $751,955 · program services $751,955
-
22 · Depreciation, depletion and amortization
total $1,267,730 · program services $1,267,730
-
23 · Insurance
total $283,546 · program services $283,546
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $50,003 · program services $50,003
-
24b · Other expenses: PROFESSIONAL SERVICES
total $45,749 · program services $45,749
-
24c · Other expenses: EQUIPMENT RENTAL
total $10,322 · program services $10,322
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $5,875 · program services $5,875
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,260,453 · end of year $3,424,109
-
4 · Accounts receivable
beginning of year $433,857 · end of year $572,871
-
8 · Inventories for sale or use
beginning of year $425,540 · end of year $437,533
-
10a · Land, buildings and equipment: cost or other basis
$49,268,654
-
10b · Land, buildings and equipment: accumulated depreciation
$25,878,821
-
10c · Land, buildings and equipment, net
beginning of year $24,677,444 · end of year $23,389,833
-
11 · Investments: publicly traded securities
end of year $327,254
-
14 · Intangible assets
beginning of year $324,608 · end of year $288,541
-
15 · Other assets
beginning of year $332,483 · end of year $12,449
-
17 · Accounts payable and accrued expenses
beginning of year $89,604 · end of year $134,419
-
25 · Other liabilities
beginning of year $20,886,883 · end of year $18,770,870
-
27 · Net assets without donor restrictions
beginning of year $9,477,898 · end of year $9,547,301
Mission and programs · 2024
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 $7,962,089 · Grants $250,000 · Revenue $8,646,430
-
CENTRAL TREASURY - FACILITIES OPERATED FOR THE BENEFIT AND USE BY STUDENTS. ACTS AS A CLEARINGHOUSE AND BANK FOR VARIOUS STUDENT GROUPS.
Revenue $11,174
-
CO-OP BOOKSTORE - CAMPUS BOOKSTORE OPERATION. PROVIDES TEXTBOOKS, SUPPLIES, ETC. FOR 9,500 STUDENTS AND 1,375 FACULTY AND STAFF.
Expenses $914,984 · Revenue $673,936
As filed on the 2024 return.
Listed in Part VII
-
LOUIS GARZARELLI
EXECUTIVE DI
- Total calculated
- $170,200
- From this org
- $170,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,200
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $170,200
-
ROBERT KANICK
CFO
- Total calculated
- $97,017
- From this org
- $97,017
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
ALEXIS BARDOS
DIRECTOR
- 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
-
KAYLEE BECKER GEORGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ABIGAIL HANCOX
NON-VOTING A
- Total calculated
- $0
- Hours/week
- 1
-
SHAGUFTA HAQUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW HENRY
STUDENT REP
- Total calculated
- $0
- Hours/week
- 1
-
ZACH HILLIARD
ALUMNI REP
- Total calculated
- $0
- Hours/week
- 1
-
BAILEY HORN
STUDENT REP
- Total calculated
- $0
- Hours/week
- 1
-
CHERISH AUTUMN KAUFFMAN
STUDENT REP
- Total calculated
- $0
- Hours/week
- 1
-
ASHTON PERFETTI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JAMES RACCHINI
FACULTY REP
- Total calculated
- $0
- Hours/week
- 1
-
JEREMY RISINGER
ASSISTANT SE
- Total calculated
- $0
- Hours/week
- 1
-
JACOB ROUMFORT
ASSISTANT SE
- Total calculated
- $0
- Hours/week
- 1
-
NICHOLAS RYAN
STUDENT REP
- Total calculated
- $0
- Hours/week
- 1
-
HANNAH SAMMOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS SEGAR
NON-VOTING A
- Total calculated
- $0
- Hours/week
- 1
-
ALLISON SEMETOSKEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN SHIRING
VICE-CHAIRPE
- Total calculated
- $0
- Hours/week
- 1
-
DAVE SURTASKY
MANAGEMENT R
- Total calculated
- $0
- Hours/week
- 1
-
KYLAH WILSON
STUDENT REP
- 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
- 2024
- Filed
- 21 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503379349300305
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