Forty-Niner Shops Inc is located in Long Beach, CA. The organization was established in 1955. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Forty-Niner Shops Inc employed 453 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forty-Niner Shops Inc 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, Forty-Niner Shops Inc generated $18.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $16.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ENHANCE AND SUPPORT THE EDUCATIONAL PROCESS OF CALIFORNIA STATE UNIVERSITY, LONG BEACH BY PROVIDING THE GOODS AND SERVICES TO PROMOTE A LEARNING COMMUNITY;BY TRAINING STUDENT EMPLOYEES WITH LIFE AND CAREER SKILLS; AND BY FUNDING SCHOLARSHIPS, INTERNSHIPS AND OTHER PROGRAMS THAT PROMOTE STUDENT SUCCESS.
Describe the Organization's Program Activity:
DURING THE YEAR, THE ORGANIZATION PROVIDED ITS PROGRAM ACTIVITIES TO APPROXIMATELY 39,300 STUDENTS, 7,000 FACULTY AND STAFF AND EMPLOYED ONLY AROUND 200 PART TIME STUDENTS. THE PROGRAM ACTIVITIES INCLUDE:BOOKSTORE SERVICESTHE SHOPS TAKE PRIDE IN PROVIDING RETAIL SERVICES TO THE CAMPUS THROUGH OUR: UNIVERSITY BOOKSTORE- WHERE STUDENTS CAN PURCHASE SCHOOL SUPPLIES, LOGO APPAREL, COMPUTERS, COURSE SUPPLIES AND TEXTBOOKS. ART STORE- WHERE STUDENTS CAN FIND EVERYTHING THEY NEED FOR ACADEMIC ART PROJECTS INCLUDING: PHOTOGRAPHY, PAINTING, DRAWING, CERAMICS, PRINT MAKING, AND GENERAL BOOKS. THE BEACH ON 2ND STREET- OFF CAMPUS CSULB RETAIL STORE IN BELMONT SHORE OFFERING LOGO APPAREL, GIFTS, AND MORE.CONVENIENCE STORESTHE SHOPS OPERATE 4 CONVENIENCE STORES THAT ARE LOCATED THROUGHOUT THE CAMPUS. THE CONVENIENCE STORES OFFER GRAB'N'GO SANDWICHES, SOUPS, SNACKS, BEVERAGES, OVER THE COUNTER MEDICATION, AND BASIC SCHOOL SUPPLIES. THEY ARE LOCATED AT THE UNIVERSITY STUDENT UNION, BEACH HUT, BOOKSTORE, AND THE OUTPOST.DINING SERVICESTHE SHOPS ALSO OPERATE DINING SERVICES THROUGHOUT THE CAMPUS INCLUDING: RESIDENTIAL DINING- ALL-YOU-CARE-TO-EAT DINING OPERATIONS ARE PROVIDED FOR STUDENTS LIVING IN THE TWO ON-CAMPUS RESIDENCE HALLS (PARKSIDE AND HILLSIDE) AND RESIDENTIAL LEARNING COLLEGE (BEACHSIDE) WHICH IS LOCATED OFF THE MAIN CAMPUS. UNIVERSITY DINING PLAZA- FOOD COURT THAT PROVIDES A WIDE VARIETY OF CUISINES AND BEVERAGE CHOICES, THE CHARTROOM RESTAURANT, AND THE NUGGET GRILL & PUB. OUTPOST GRILL, FOOD AND COFFEE AT THE LIBRARY, CONCESSIONS AT MOST ATHLETICS EVENTS, MOST PROMINENTLY AT THE WALTER PYRAMID AND BLAIR FIELD AND BEACH CATERING PROVIDING CATERING SERVICES THROUGHOUT CAMPUS.UNIVERSITY PRINTTHE SHOPS PROVIDE PRINTING SERVICES TO CAMPUS THROUGH THE CAMPUS COPY CENTER, LOCATED IN THE UNIVERSITY BOOKSTORE AND IN PARTNERSHIP WITH THE UNIVERSITY THROUGH THE UNIVERSITY PRINT SHOP.ID CARD SERVICESTHE SHOPS PROVIDE ID CARD SERVICES TO THE CAMPUS. THIS ID CARD ALSO DOUBLES AS A BEACH CLUB DEBIT CARD. STUDENTS CAN PUT MONEY ON THEIR BEACH CLUB CARD TO USE AT CAMPUS EATERIES, COMPUTER LABS, AND RETAIL LOCATIONS. THE BEACH CARD IS ALSO ACCEPTED BY CERTAIN RETAILERS OFF-CAMPUS.STUDENT SUCCESSAS ONE OF THE LARGEST EMPLOYERS OF STUDENTS ON CAMPUS, THE SHOPS ARE COMMITTED TO SUPPORTING STUDENT SUCCESS BY: TRAINING STUDENT EMPLOYEES WITH LIFE AND CAREER SKILLS; PROVIDING FLEXIBLE WORK SCHEDULES; FUNDING SCHOLARSHIPS; PROVIDING INTERNSHIPS; AND SUPPORTING PROGRAMS THAT PROMOTE STUDENT SUCCESS.PLEASE NOTE THAT DUE TO THE COVID-19 PANDEMIC THE SHOPS WAS FORCED TO CLOSE THE MAJORITY OF ITS OPERATIONS STARTING MARCH 18, 2020 THROUGH THE END OF THE FISCAL YEAR ENDING JUNE 30, 2021. ALL RETAIL DINING OUTLETS REMAINED CLOSED INCLUDING CONCESSIONS AND CAMPUS CATERING FOR THE YEAR. RESIDENTIAL DINING WAS LIMITED TO SUPPORTING AROUND 200 STUDENTS. RETAIL STORES WERE OPEN DURING THE YEAR WITH LIMITED FOOT TRAFFIC AND SEEING A SHIFT TOWARD WEB SALES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Dewit CEO | Officer | 40 | $188,300 |
Clint Campbell Dir Of Cntrcts Adm | 40 | $150,532 | |
Rosa Henderson Human Resource Dir | 40 | $142,173 | |
Alfredo Macias Resdntl Dining Dir | 40 | $118,551 | |
Cynthia Farrington Dir. Of Bookstore | 40 | $116,108 | |
Majid Zahedi It Manager | 40 | $100,945 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,000,000 |
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 | $2,000,000 |
Total Program Service Revenue | $1,937,608 |
Investment income | $259,695 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $106,567 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $14,404,480 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,721,159 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $70,891 |
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. | $266,026 |
Compensation of current officers, directors, key employees. | $48,256 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,013,159 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $3,776,891 |
Payroll taxes | $461,648 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,864 |
Fees for services: Accounting | $52,985 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $44,411 |
Fees for services: Other | $79,001 |
Advertising and promotion | $35,068 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $105,000 |
Travel | $3,864 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $130,608 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $861,667 |
Insurance | $136,912 |
All other expenses | $875,533 |
Total functional expenses | $16,685,246 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,911,810 |
Savings and temporary cash investments | $3,051,120 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,738,205 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,073,158 |
Prepaid expenses and deferred charges | $18,897 |
Net Land, buildings, and equipment | $5,399,106 |
Investments—publicly traded securities | $8,640,025 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,067,851 |
Total assets | $22,900,172 |
Accounts payable and accrued expenses | $516,448 |
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 | $2,944,722 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,611,690 |
Total liabilities | $6,072,860 |
Net assets without donor restrictions | $16,827,312 |
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 | $22,900,172 |
Organization Name | Assets | Revenue |
---|---|---|
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Associated Students Inc San Luis Obispo, CA | $11,685,936 | $19,727,613 |
Associated Students Inc California State University Fullerton Fullerton, CA | $22,440,353 | $22,369,454 |
Associated Students Of San Diego State University San Diego, CA | $30,778,404 | $21,344,021 |
California State University Fresno Association Inc Fresno, CA | $113,779,668 | $15,944,994 |
Forty-Niner Shops Inc Long Beach, CA | $22,900,172 | $18,721,159 |
University Student Union Of California State University Northr Northridge, CA | $10,981,881 | $16,476,738 |
Associated Students Calif State University Long Beach Long Beach, CA | $29,242,032 | $17,619,316 |
Associated Students Inc Calif State Poly University Pomona Pomona, CA | $43,036,726 | $21,400,695 |
Student Union Of San Jose State University San Jose, CA | $15,630,953 | $10,786,949 |
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |
Spartan Shops Inc San Jose, CA | $18,843,295 | $4,519,374 |