Stanford University Bookstore
- Assets
- $516.5k
- Revenue
- $98.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 04/1962
- Data as of
- 06/2022
- EIN
- 94-0894150
Organization Overview
Stanford University Bookstore is located in Redwood City, CA. The organization was established in 1962. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanford University Bookstore 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 06/2022, Stanford University Bookstore generated $98.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $103.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ON JULY 1, 1999 STANFORD UNIVERSITY TRANSFERRED THE MANAGEMENTOF ITS BOOKSTORE'S RETAIL STORES TO FOLLETT HIGHER EDUCATION GROUP. CONCURRENT WITH THIS TRANSACTION, THE BOOKSTORE SOLD ALL MERCHANDISE INVENTORIES AND CERTAIN OTHER ASSETS TO FOLLETT HIGHER EDUCATION GROUP AT NET BOOK VALUE AND CEASED ITS RETAIL OPERATIONS. SUBSEQUENT TO JULY 1, 1999, THE BOOKSTORE'S OPERATIONS CONSISTED OF WINDING DOWN ITS RETAIL OPERATIONS AND LEASING CERTAIN FACILITIES TO FOLLETT. THE BOOKSTORE DONATED SUBSTANTIALLY ALL OF ITS REMAINING ASSETS TO THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANFORD UNIVERSITY BOOKSTORE IS AN IRC SECTION 501(C)(3) ORGANIZATION AND UNDER ITS ORIGINAL ARTICLES OF INCORPORATION WAS DEEMED TO BE A PUBLIC SUPPORT ORGANIZATION. ON JULY 1, 1999 STANFORD UNIVERSITY TRANSFERRED THE MANAGEMENT OF ITS BOOKSTORE'S RETAIL STORES TO FOLLETT HIGHER EDUCATION GROUP. THE BOOKSTORE'S OPERATIONS CONSISTED OF WINDING DOWN ITS RETAIL OPERATIONS AND LEASING CERTAIN FACILITIES TO FOLLETT.SINCE STANFORD UNIVERSITY BOOKSTORE IS NO LONGER OPERATING A BOOKSTORE (SEE SCHEDULE O) THE ARTICLES OF INCORPORATION HAVE BEEN AMENDED AND RESTATED TO REFLECT ITS CURRENT STATUS WHICH IS STILL A 501(C)(3) ORGANIZATION BUT UNDER THE SUPPORTING ORGANIZATION DEFINITION OF SECTION 509(A)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy S Livingston President | OfficerTrustee | 1 | $0 |
Debra Zumwalt Secretary And Treasurer | OfficerTrustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $96,375 |
| Investment income | $1,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $103,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,600 |
| Savings and temporary cash investments | $439,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,547 |
| Accounts payable and accrued expenses | $66,375 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,375 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $450,172 |
| Total liabilities and net assets/fund balances | $516,547 |