Aztec Shops Ltd
- Assets
- $98.0m
- Revenue
- $29.0m
- Investments
- $0.0
- Employees
- 991
- Location
- San Diego, CA
- Founding
- 04/1953
- Data as of
- 06/2021
- EIN
- 95-0516240
Organization Overview
Aztec Shops Ltd is located in San Diego, CA. The organization was established in 1953. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Aztec Shops Ltd employed 991 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aztec Shops Ltd 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 06/2021, Aztec Shops Ltd generated $29.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $29.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aztec Shops Ltd has awarded 16 individual grants totaling $4,545,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORTIVE COMMERCIAL SERVICES FOR SAN DIEGO STATE UNIVERSITY, INCLUDING BOOKSTORE, DINING SERVICES AND STUDENT HOUSING OPERATIONS.
Describe the Organization's Program Activity:
DINING SERVICESAZTEC SHOPS IS RESPONSIBLE FOR ALL RESTAURANTS AND FOOD SERVICE OUTLETS SERVING ALMOST 40,000 STUDENTS, FACULTY AND STAFF OF SAN DIEGO STATE UNIVERSITY. THE ORGANIZATION OPERATES SDSUS MEAL PLAN PROGRAM, RESIDENCE HALL DINING PROGRAMS, CAMPUS CATERING DEPARTMENTS AND ITS OWN BRANDED RESTAURANTS AND CONVENIENCE STORES.
STUDENT APARTMENTSAZTEC SHOPS OWNS SEVERAL APARTMENT COMPLEXES ADJACENT TO SAN DIEGO STATE UNIVERSITY. THE VAST MAJORITY OF TENANTS IN THE APPROXIMATELY 400 APARTMENTS DURING THE 2020-2021 ACADEMIC YEAR WERE SDSU STUDENTS, WITH APPROXIMATELY 85% OF THE UNITS RENTED DIRECTLY BY THE UNIVERSITY FOR USE BY ITS OFFICE OF HOUSING ADMINISTRATION.
CAMPUS STORESTHE SDSU BOOKSTORE IS ONE OF THE LARGEST VOLUME CAMPUS BOOKSTORES IN THE COUNTRY. THE 25,000 SQUARE FOOT FACILITY CARRIES COURSE MATERIALS FOR EVERY CLASS TAUGHT AT SAN DIEGO STATE UNIVERSITY. AZTEC SHOPS ALSO OPERATES THE SDSU BOOKSTORE SATELLITE LOCATION AT THE SDSU BRANCH CAMPUS IN CALEXICO, CALIFORNIA. THROUGH THE BOOKSTORE, SATELLITE STORE, AND ITS WEBSITE, AZTEC SHOPS IS THE PREFERRED PROVIDER OF SDSU-IMPRINTED CLOTHING AND MERCHANDISE TO CURRENT STUDENTS AS WELL AS MORE THAN 200,000 LIVING ALUMNI OF SAN DIEGO STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Todd - Chief Exec. Officer | Officer | 40 | $179,560 |
Jamshidi Jahan Director It | 40 | $155,955 | |
Brown Kathy - Director Campus Stores | 40 | $131,556 | |
Hawkins Heather Controller | Officer | 40 | $130,973 |
Melchior Paul - Director Dining Services | 40 | $128,987 | |
Lakin Jennifer - Director Management Svcs | 40 | $123,046 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Campus Comm Apartment Management | 6/29/21 | $1,172,511 |
Mg Prop Group Apartment Management | 6/29/21 | $622,715 |
Mc Industrial Construction Contractor Services | 6/29/21 | $135,678 |
Gmi Building Services Inc Custodial | 6/29/21 | $519,590 |
Mc Industrial Electric Contractor Services | 6/29/21 | $307,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $391,936 |
| 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 | $391,936 |
| Total Program Service Revenue | $19,212,204 |
| Investment income | $10,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$108,356 |
| Net Gain/Loss on Asset Sales | -$20 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,447,308 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,018,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $365,000 |
| 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. | $385,744 |
| Compensation of current officers, directors, key employees. | $57,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,576,726 |
| Pension plan accruals and contributions | $1,754,069 |
| Other employee benefits | -$1,164,228 |
| Payroll taxes | $609,638 |
| Fees for services: Management | $395,106 |
| Fees for services: Legal | $34,040 |
| Fees for services: Accounting | $150,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,968,464 |
| Advertising and promotion | $178,600 |
| Office expenses | $1,771,179 |
| Information technology | $538,307 |
| Royalties | $500,435 |
| Occupancy | $6,792,234 |
| Travel | $27,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,155 |
| Interest | $2,536,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,305,156 |
| Insurance | $109,473 |
| All other expenses | $62,329 |
| Total functional expenses | $29,664,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,833,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,342,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,940,430 |
| Prepaid expenses and deferred charges | $614,657 |
| Net Land, buildings, and equipment | $81,667,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,609,263 |
| Total assets | $98,008,748 |
| Accounts payable and accrued expenses | $8,181,914 |
| Grants payable | $0 |
| Deferred revenue | $346,665 |
| 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 | $3,176,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,748,353 |
| Total liabilities | $91,453,051 |
| Net assets without donor restrictions | $6,555,697 |
| 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 | $98,008,748 |
Grants Awarded
Over the last fiscal year, Aztec Shops Ltd has awarded $365,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN DIEGO STATE UNIVERSITY PURPOSE: General Support | $310,000 |
San Diego, CA PURPOSE: General Support | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |