Students Of Georgetown Inc
- Assets
- $2.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 394
- Location
- Washington, DC
- Founding
- 01/1981
- Data as of
- 06/2023
- EIN
- 23-7204383
Organization Overview
Students Of Georgetown Inc, operating under the name The CORP, is located in Washington, DC. The organization was established in 1981. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 06/2023, CORP employed 394 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. CORP is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, CORP generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STUDENTS OF GEORGETOWN, INC. (THE CORP) IS THAT OF "STUDENTS SERVING STUDENTS".
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDNIGHT MUG IS A COFFEE SHOP LOCATED IN THE MAIN STUDENT LIBRARY OF GEORGETOWN UNIVERSITY. THE CORP IS MANAGED WHOLLY BY UNDERGRADUATE STUDENTS OF GEORGETOWN UNIV. & IS THE LARGEST UNDERGRADUATE STUDENT RUN ORGANIZATION OF ITS KIND IN THE ENTIRE UNITED STATES. THE CORP'S OBJECTIVE IS TO PROVIDE UNPARALLELED BUSINESS EXPERIENCE TO ITS EMPLOYEES & MANAGEMENT (ALL EMPLOYEES AS WELL AS MANAGEMENT & THE BOARD OF DIRECTORS ARE UNDERGRADUATE STUDENTS OF GEORGETOWN UNIV.) BY PROVIDING NECESSARY GOODS AND SERVICES AT LOW COST TO THE STUDENT BODY AND OTHERS WITHIN THE UNIV. COMMUNITY.
VITAL VITTLES (VITTLES) IS A SMALL GROCERY/CONVENIENCE STORE LOCATED IN THE STUDENT CENTER OF GEORGETOWN UNIVERSITY. VITTLES HAS BEEN THE PREDOMINANT OPERATION OF THE CORP SINCE ITS INCEPTION IN 1972. THE CORP IS MANAGED WHOLLY BY UNDERGRADUATE STUDENTS OF GEORGETOWN UNIV. & IS THE LARGEST UNDERGRADUATE STUDENT RUN ORGANIZATION OF ITS KIND IN THE ENTIRE UNITED STATES. THE CORP'S OBJECTIVE IS TO PROVIDE UNPARALLELED BUSINESS EXPERIENCE TO ITS EMPLOYEES & MANAGEMENT (ALL EMPLOYEES AS WELL AS MANAGEMENT & THE BOARD OF DIRECTORS ARE UNDERGRADUATE STUDENTS OF GEORGETOWN UNIV.) BY PROVIDING NECESSARY GOODS AND SERVICES AT LOW COST TO THE STUDENT BODY AND OTHERS WITHIN THE UNIV. COMMUNITY.
HILLTOSS IS A SALAD AND COFFEE SHOP LOCATED ON THE CAMPUS OF GEORGETOWN UNIVERSITY.THE CORP IS MANAGED WHOLLY BY UNDERGRADUATE STUDENTS OF GEORGETOWN UNIV. & IS THE LARGEST UNDERGRADUATE STUDENT RUN ORGANIZATION OF ITS KIND IN THE ENTIRE UNITED STATES. THE CORP'S OBJECTIVE IS TO PROVIDE UNPARALLELED BUSINESS EXPERIENCE TO ITS EMPLOYEES & MANAGEMENT (ALL EMPLOYEES AS WELL AS MANAGEMENT & THE BOARD OF DIRECTORS ARE UNDERGRADUATE STUDENTS OF GEORGETOWN UNIV.) BY PROVIDING NECESSARY GOODS AND SERVICES AT LOW COST TO THE STUDENT BODY AND OTHERS WITHIN THE UNIV. COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Chan Chair (3/2023-6/2023) | OfficerTrustee | 1 | $0 |
Anthony Petruziello Chair (7/2022-2/2023) | OfficerTrustee | 1 | $888 |
Claire Ridley Director (3/2023-6/2023) | Trustee | 1 | $0 |
Tyler Clough Director (3/2023-6/2023) | Trustee | 1 | $0 |
Dikran Izmirlian Director (3/2023-6/2023) | Trustee | 1 | $0 |
Kathryn Kalhorn Director (7/2022-2/2023) | Trustee | 2 | $1,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,713 |
| Total Program Service Revenue | $136,286 |
| Investment income | $24,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,823,431 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,001,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,826 |
| Grants and other assistance to domestic individuals. | $15,730 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,403 |
| Compensation of current officers, directors, key employees. | $10,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $910,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $73,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,897 |
| Fees for services: Other | $35,793 |
| Advertising and promotion | $2,475 |
| Office expenses | $93,455 |
| Information technology | $4,359 |
| Royalties | $0 |
| Occupancy | $330,808 |
| Travel | $2,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,704 |
| Insurance | $34,213 |
| All other expenses | $9,459 |
| Total functional expenses | $2,074,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,063 |
| Savings and temporary cash investments | $231,056 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $4,205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,150 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $102,837 |
| Investments—publicly traded securities | $1,347,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $243,635 |
| Total assets | $2,079,364 |
| Accounts payable and accrued expenses | $220,026 |
| Grants payable | $0 |
| Deferred revenue | $29,105 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $103,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $243,635 |
| Total liabilities | $596,762 |
| Net assets without donor restrictions | $1,482,602 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,079,364 |
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