2024-12-05T17:55:03-06:00 2024-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-07-01 931248795 OREGON STATE UNIVERSITY BOOKSTORE INC OREG 5417374323 PO BOX 489 CORVALLIS OR 97339 ROSS HOLLIDAY CFO 5417374323 2024-12-02 1 0 WENDY CAMPOS P00448102 5416861040 2024-11-13 2023 2024-10-15 13:58:12Z OSU BEAVER STORE STEVE ECKRICH PO BOX 489 CORVALLIS OR 97339 14821330 0 X WWW.OSUBEAVERSTORE.COM X 1914 OR MAINTAIN AND OPERATE UNIVERSITY STORES FOR STUDENTS AND EMPLOYEES OF OREGON STATE UNIVERSITY. 10 9 119 0 1470150 0 0 0 8308730 9788547 -161729 189561 2603371 2023344 10750372 12001452 0 0 0 0 2792629 3066031 0 0 0 7254453 8030490 10047082 11096521 703290 904931 22478080 22933371 5514717 5121493 16963363 17811878 MAINTAIN AND OPERATE UNIVERSITY STORES FOR STUDENTS AND EMPLOYEES OF OREGON STATE UNIVERSITY. 0 0 10494625 9788547 SALE OF BOOKS, SUPPLIES AND OTHER MERCHANDISE. 10494625 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 119 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X ROSS HOLLIDAY CFO 5417370047 663 SW 26TH STREET CORVALLIS OR 97339 STEVE ECKRICH PRESIDENT/CEO 40.00 X X 312493 0 28106 JUSTIN FLEMING BOARD CHAIR 1.00 X 0 0 0 AMY BOURNE DIRECTOR 1.00 X 0 0 0 ASHLEY TEAGUE DIRECTOR 1.00 X 0 0 0 CARISSA O'DONNELL DIRECTOR THRU 5/2024 1.00 X 0 0 0 HALEY WEBB DIRECTOR THRU 5/2024 1.00 X 0 0 0 KEVIN BROWN DIRECTOR 1.00 X 0 0 0 LUKE DOBREAN DIRECTOR 1.00 X 0 0 0 PAULINE NGYUEN DIRECTOR THRU 5/2024 1.00 X 0 0 0 ALAN FUDGE DIRECTOR 1.00 X 0 0 0 NAIYA GATES DIRECTOR 1.00 X 0 0 0 AUDREY SCHLOTTER DIRECTOR 1.00 X 0 0 0 RYAN CHIN DIRECTOR 1.00 X 0 0 0 ROSS HOLLIDAY SECRETARY/CFO 40.00 X 138775 0 25295 ERIK ANDERSON CHIEF OPERATING OFFICER 40.00 X 151753 0 9105 JAMES HOWARD CHIEF ACADEMIC MATERIALS O 40.00 X 125751 0 34579 728772 0 97085 4 0 1 0 0 NET PROGRAM SALES 459900 9788547 9788547 9788547 189561 189561 1408492 901638 506854 506854 506854 3377625 1918240 1459385 1459385 FEES & COMMISSION 459210 40716 7675 33041 PARKING & FEES 459210 12199 0 12199 MISCELLANEOUS REVENUE 459210 4190 3090 1100 57105 12001452 9788547 1470150 742755 526499 26325 500174 2012476 2012476 53044 53044 269368 269368 204644 166813 37831 3426 3426 60465 60465 40283 40283 79247 79247 131472 131472 206746 206746 518781 518781 65951 65951 7729 7729 158956 158956 250422 250422 59579 59579 COST OF GOODS SOLD 6154573 6154573 CREDIT CARD DISCOUNT 265370 265370 BAD DEBT 20125 20125 UBI INCOME TAX EXPENSE 5556 5556 1809 1809 11096521 10494625 601896 0 2285003 2688287 1741164 2828102 379564 248583 2228418 1985558 125346 154334 24695791 9908863 15400455 14786928 318130 241579 22478080 22933371 849528 870851 4343534 4002570 321655 248072 5514717 5121493 X 0 0 0 0 16963363 17811878 16963363 17811878 22478080 22933371 X 904931 -56416 X 0 1 X 1 0 X 627400 630835 1258235 8924704 6401353 9531486 8308730 9788547 42954820 8924704 7028753 10162321 8308730 9788547 44213055 0 394606 377832 37501 79821 30424 920184 394606 377832 37501 79821 30424 920184 43292871 1090824 1116644 1261406 1412694 1598053 6479621 1090824 1116644 1261406 1412694 1598053 6479621 102995 188536 291531 58297 92680 80133 41572 46346 319028 10073825 8238077 11503860 9865991 11621482 51303235 0.84390 0.85680 0.12630 0.11090 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FEES COMMISSIONS AND OTHER 1759531 1759531 20693915 7732094 12961821 206281 182953 23328 2036064 1993816 42248 14786928 INCOME TAXES PAYABLE 557 LEASE LIABILITIES 247515 248072 X 14821330 0 14821330 -2819878 -2819878 12001452 13972815 2876294 2876294 11096521 0 11096521 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE BEAVER STORE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE BEAVER STORE RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AS OF JUNE 30, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI COGS NETTED WITH REVENUE -1,918,240. RENTAL EXPENSES NETTED WITH REVENUE -907,360. BOOK/TAX DEPRECIATION - RENTAL 5,722. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION - OTHER 116,879. CHANGE IN ACCRUED PAYROLL -66,185. UBI COGS NETTED WITH REVENUE 1,918,240. RENTAL EXPENSES NETTED WITH REVENUE 907,360. X X X X 0 0 0 0 0 0 0 0 0 STEVE ECKRICH PRESIDENT/CEO 297606 0 14787 0 100 0 18933 0 9173 0 340599 0 0 0 ROSS HOLLIDAY SECRETARY/CFO 138775 0 0 0 0 0 8659 0 16636 0 164070 0 0 0 ERIK ANDERSON CHIEF OPERATING OFFICER 151753 0 0 0 0 0 9105 0 0 0 160858 0 0 0 JAMES HOWARD CHIEF ACADEMIC MATERIALS O 123569 0 2182 0 0 0 8075 0 26504 0 160330 0 0 0 A STATE OF OREGON 936001787 000000000 2012-08-15 8000000 CONSTRUCTION, IMPROVEMENT AND ACQUISITION OF A RETAIL STORE. 0 0 0 A 7274101 153304 7120797 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 WELLS FARGO BANK 20.000000000000 1 0 0 0 1 A 1 PART II LINE 3 - DIFFERENCE BETWEEN ISSUE PRICE AND PROCEEDS PROCEEDS OF THE ISSUE IN PART II LINE 3 DIFFER FROM ISSUE PRICE IN PART I COLUMN E BECAUSE THE ISSUE PRICE OF $8,000,000 WAS AUTHORIZED FOR BORROWING WHILE ONLY $7,274,101 WAS ACTUALLY BORROWED. PART IV LINE 2 - ARBITRAGE NO PROCEEDS WERE RECEIVED IN EXCESS OF AMOUNTS USED FOR CONSTRUCTION. NO PROCEEDS WERE AVAILABLE FOR INVESTING THEREFORE NO ARBITRAGE EXISTED. PART IV LINES 3 & 4 - VARIABLE RATE ISSUE/HEDGE UP TO $7,000,000 OF THE BOND PROCEEDS ARE HEDGED WITH AN INTEREST RATE SWAP FOR THE ENTIRE TERM OF THE BOND. THIS EFFECTIVELY MAKES AMOUNTS BORROWED UP TO $7,000,000 A FIXED RATE LOAN, AND AMOUNTS BORROWED OVER $7,000,000 A VARIABLE RATE LOAN. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT INCLUDE THE STUDENTS AND EMPLOYEES OF OREGON STATE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT 6 OF THE 10 MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ORGANIZATION'S BYLAWS RECOMMENDED BY THE BOARD OF DIRECTORS ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, REVIEWED BY THE ORGANIZATION'S CFO AND CEO, AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY OFFICERS AND DIRECTORS INDICATING THAT THEY HAVE READ THE POLICY AND UNDERSTAND THE CONFLICTS THAT ARE REQUIRED TO BE DISCLOSED ON AN ONGOING BASIS. POTENTIAL CONFLICTS ARE DISCLOSED TO THE PRESIDENT OR THE BOARD CHAIR. THE BOARD REVIEWS ANY POTENTIAL CONFLICTS AND DETERMINES APPROPRIATE RESTRICTIONS ON THE CONFLICTED PERSON ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE CEO EVALUATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE, AND, AT A MINIMUM OF EVERY THIRD YEAR, PREPARES A REBUTTABLE PRESUMPTION CHECKLIST TO ENSURE THAT THE COMPENSATION OF THE CEO APPEARS REASONABLE BASED ON PERFORMANCE AND WHEN COMPARED WITH SIMILARLY SITUATED EXECUTIVES. ALL MEMBERS OF THE CEO EVALUATION COMMITTEE ARE INDEPENDENT PERSONS WITH RESPECT TO THE CEO, AND THE COMMITTEE'S CONTEMPORANEOUSLY DOCUMENTED DECISIONS CONSIDER AT LEAST THREE SOURCES OF COMPARABILITY DATA. THIS PROCESS WAS LAST COMPLETED MARCH 15TH, 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. GOVERNING AND ORGANIZING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT THE CORPORATE OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK TAX DEPRECIATION DIFFERENCE -122,601. CHANGE IN ACCRUED PAYROLL 66,185.