University Co-Operative Society
- Assets
- $15.7m
- Revenue
- $9.2m
- Investments
- -$264.8k
- Employees
- 300
- Location
- Austin, TX
- Founding
- 07/1977
- Data as of
- 06/2020
- EIN
- 74-0960070
Organization Overview
University Co-Operative Society is located in Austin, TX. The organization was established in 1977. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, University Co-Operative Society employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Co-Operative Society 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 06/2020, University Co-Operative Society generated $9.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $20.5m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE BOOK STORE PROVIDING GOODS AND SERVICES TO THE STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY OF TEXAS. PROCEEDS FROM SALES OF GOODS ARE DONATED TO THE UNIVERSITY OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY OF TEXAS. APPROXIMATELY 50,000 SUCH INDIVIDUALS ARE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Phifer President/ceo | Officer | 40 | $305,374 |
Kristen Huffman COO | Officer | 40 | $123,678 |
Michael Seyffert CFO | Officer | 40 | $121,573 |
Kelli Hanks Store Director | 40 | $110,319 | |
John Dzienkowski Chair Thru Apr '21 | OfficerTrustee | 1 | $0 |
Cadey Moore Student Director/secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Parcel Service Delivery Services | 6/29/17 | $359,433 |
Federal Express Delivery Services | 6/29/17 | $130,123 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,715 |
| Investment income | $2,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,258 |
| Net Rental Income | $496,552 |
| Net Gain/Loss on Asset Sales | -$168,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,729,175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,178,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $214,433 |
| Compensation of current officers, directors, key employees. | $914,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,372,060 |
| Pension plan accruals and contributions | $76,699 |
| Other employee benefits | $526,217 |
| Payroll taxes | $346,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,719 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255,996 |
| Advertising and promotion | $418,078 |
| Office expenses | $78,175 |
| Information technology | $313,396 |
| Royalties | $181,171 |
| Occupancy | $600,533 |
| Travel | $21,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,285 |
| Interest | $328,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $826,759 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,459,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,640,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,696,971 |
| Prepaid expenses and deferred charges | $354,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$264,808 |
| Investments—program-related | $0 |
| Intangible assets | $139,163 |
| Other assets | $0 |
| Total assets | $15,693,237 |
| Accounts payable and accrued expenses | $2,665,191 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,188,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,749 |
| Total liabilities | $10,900,785 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,792,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Co-Operative Society has recieved totaling $467.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
University Co-Operative Society Austin, TX | $15,693,237 | $9,178,990 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
Naca-Inspired Schools Network Albuquerque, NM | $4,333,179 | $4,644,398 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Texas Association For The Education Of Young Children Austin, TX | $635,523 | $2,896,226 |