2025-02-13T12:40:47-06:00 2024-06-30 881478669 CBIZ Advisors LLC 1899 L Street NW 850 Washington DC 20036 990 2023-07-01 237204383 Students of Georgetown Inc STUD 2026879887 Georgetown Univ 3700 O St NW Washington DC 20057 Tosin Fagbami CFO 2026879887 2025-02-07 1 0 Aaron M Fox P01365820 2022274000 2025-02-07 2023 2025-03-06 01:10:19Z The CORP Tosin Fagbami Georgetown Univ 3700 O St NW Washington DC 20057 4657300 0 X www.thecorp.org X 1972 DC The mission of Students of Georgetown, Inc. (the CORP) is that of "students serving students". 7 4 394 7 0 0 48713 15000 136286 126151 -7242 108118 1823431 1624424 2001188 1873693 21556 41820 0 0 1038565 1066210 0 0 0 1014267 929586 2074388 2037616 -73200 -163923 2079364 2979241 596762 1560270 1482602 1418971 X The CORP's mission is "students serving students". The CORP provides low cost goods and services to the Georgetown University community and its activities provide educational benefits to its student employees through practical experience. Through each of its program services described, the CORP's objective is to provide unparalleled business experience to its employees and management (all employees as well as management and the board of directors are undergraduate students of Georgetown University) by providing necessary goods and services at low cost to the student body and others within the University community. All services of the CORP are located within the campus of Georgetown University. 0 0 149594 Midnight MUG is a coffee shop located in the main student library of Georgetown University. The CORP is managed wholly by undergraduate students of Georgetown Univ. & is the largest undergraduate student run organization of its kind in the entire United States. The CORP's objective is to provide unparalleled business experience to its employees & management (all employees as well as management & the board of directors are undergraduate students of Georgetown Univ.) by providing necessary goods and services at low cost to the student body and others within the Univ. community. 270926 Vital Vittles (Vittles) is a small grocery/convenience store located in the student center of Georgetown University. Vittles has been the predominant operation of the CORP since its inception in 1972. The CORP is managed wholly by undergraduate students of Georgetown Univ. & is the largest undergraduate student run organization of its kind in the entire United States. The CORP's objective is to provide unparalleled business experience to its employees & management (all employees as well as management & the board of directors are undergraduate students of Georgetown Univ.) by providing necessary goods and services at low cost to the student body and others within the Univ. community. 112033 Hilltoss is a salad and coffee shop located on the campus of Georgetown University.The CORP is managed wholly by undergraduate students of Georgetown Univ. & is the largest undergraduate student run organization of its kind in the entire United States. The CORP's objective is to provide unparalleled business experience to its employees & management (all employees as well as management & the board of directors are undergraduate students of Georgetown Univ.) by providing necessary goods and services at low cost to the student body and others within the Univ. community. 211500 Uncommon Grounds is a full service coffee house and expresso bar located in the student center of Georgetown University. 192085 More Uncommon Grounds is a coffee cart located in the ICC Galleria on the Georgetown University campus. 343627 Hoya Snaxa is a mini-market located in a student dormitory of Georgetown University. 273533 41820 126151 Student Storage, CORP Catering, Scholarships, and Student Events 1020745 41820 126151 1553298 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 394 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 X Students of Georgetown Inc 2026879887 1324 Leavey Center Georgetown Univ Washington DC 20057 Matthew Shin Pres. & CEO (3/2024-6/2024) 12.00 X X 6562 0 0 Katherien Callow V.P. & COO (3/2024-6/2024) 15.00 X X 4127 0 0 Tosin Fagbami Treas. & CFO (3/2024-6/2024) 12.00 X X 3955 0 0 Tess Whitman Chair (3/2024-6/2024) 1.00 X X 0 0 0 Andy Feng Director (3/2024-6/2024) 1.00 X 0 0 0 Asya Eksioglu Director (3/2024-6/2024) 1.00 X 0 0 0 Tingting Xiao Director (3/2024-6/2024) 1.00 X 0 0 0 Sandra Polanco Pres. & CEO (7/2023-2/2024) 12.00 X X 12117 0 0 Rae Jeong V.P. & COO (7/2023-2/2024) 9.00 X X 11322 0 0 Sophia Perez-Olle Treas. & CFO (7/2023-2/2024) 6.00 X X 6528 0 0 Andrew Chan Chair (7/2023-2/2024) 1.00 X X 1081 0 0 Claire Ridley Director (7/2023-2/2024) 1.00 X 1779 0 0 Tyler Clough Director (7/2023-2/2024) 1.00 X 1511 0 0 Dikran Izmirlian Director (7/2023-2/2024) 1.00 X 553 0 0 49535 0 0 0 0 0 0 0 15000 15000 Student Events 900099 126151 126151 126151 22119 22119 476870 390871 85999 85999 85999 4017160 2392736 1624424 1624424 1873693 126151 0 1732542 41820 41820 49535 36263 13272 942236 689793 252443 74439 54495 19944 39425 28862 10563 2565 2565 42934 31431 11503 9592 7022 2570 12501 9152 3349 6123 4483 1640 321642 240766 80876 1721 1260 461 4876 3570 1306 21073 15774 5299 56267 41194 15073 Student Events 163955 149082 14873 GU Debit Dollar Fees 130420 95477 34943 Inventory Spoilage 65569 65569 Subscriptions and Licen 21433 15692 5741 29490 21593 7897 2037616 1553298 484318 0 5063 3948 231056 95786 25000 4205 3261 120150 93852 1777155 1695391 102837 81764 1347418 1383208 243635 1317422 2079364 2979241 220026 242848 29105 0 103996 243635 1317422 596762 1560270 X 1482602 1418971 1482602 1418971 2079364 2979241 -163923 100292 0 X 0 1 X 0 0 X 562685 15000 114290 48713 15000 755688 3634889 93868 3377660 4186187 4143311 15435915 4197574 108868 3491950 4234900 4158311 16191603 0 543391 23624 18129 585144 543391 23624 18129 585144 15606459 20901 18114 20655 24205 22119 105994 20901 18114 20655 24205 22119 105994 7329 7329 4218475 134311 3512605 4259105 4180430 16304926 0.95720 0.95230 0.00650 0.00660 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous - 2020 Amount: $ 7,329. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1244398 1185947 58451 520396 497083 23313 12361 12361 0 81764 Right of use asset 1317422 1317422 Lease liability 1317422 1317422 X 1971420 100292 100292 1871128 2565 2565 1873693 2035051 0 2035051 2565 2565 2037616 Part X, Line 2: The CORP reviews and assesses all activities annually to identify any changes in the scope of the activities and revenue sources and the tax treatment thereof to identify any uncertainty in income tax. For the years ended June 30, 2024 and 2023, no provision for income taxes was made as the CORP had no net unrelated business income and did not identify any uncertain tax positions requiring recognition or disclosure in these financial statements. 1 Scholarships for individual undergraduate students for food security, travel, textbooks, supplies, and other 228 28900 Miscellaneous other donations and support 25 12920 Part I, Line 2: The CORP awards scholarships to qualified undergraduate students of Georgetown University. Applicants must complete an application and the scholarships are awarded based upon community service involvement, innovative and creative thinking, personal initiative and good academic standing. Non-scholarship contributions are made to student groups at Georgetown University and other charities and are based upon requests made by those groups and approval of the CORP's board. Such contributions are generally for specific purposes or events and based upon the involvement of the CORP. Specific reporting from the recipient is not required. Form 990, Part VI, Section A, line 8a The CORP's Board holds regular meetings and the discussions and actions of all such meetings are documented in written minutes. The formal approval of these minutes is however not documented and therefore, in accordance with the Form 990 instructions, this question was answered "no". Form 990, Part VI, Section A, line 8b The CORP's Board has no formal committees but the CORP's organizational structure includes regular meetings of its upper management (directors of all individual services along with the CEO, COO and CFO who are also voting members of the Board). The discussions and actions of all such meetings are documented in written minutes. Such minutes are not formally approved and therefore, in accordance with the Form 990 instructions, this question was answered "no". Form 990, Part VI, Section B, line 11b The Federal Form 990 is reviewed by the CORP's CFO. Such review takes place upon receipt of the draft Form 990 received from the independent public accounting firm who conducts the CORP's financial statement audit and involves comparison of financial data in the Form 990 with the audited financial statements and review of all narrative information for accuracy and completeness. Prior to filing, a complete copy of the Form 990 is distributed to all voting board members. Form 990, Part VI, Section B, line 12c If a conflict or potential conflict is identified, the board will address the situation on a case by case basis. In the case of disclosure of confidential information concerning interviews and deliberations, the result will be termination from the board of the CORP. Form 990, Part VI, Section B, line 15 The CORP pays wages equal to the current District of Columbia minimum wage. Based upon this wage structure, independent review and approval of the compensation for the CEO and other officers, including the specific review and documentation of comparability data, is not considered necessary by the CORP. Form 990, Part VI, Section C, line 19 The CORP will consider making its governing documents, conflict of interest policy and financial statements available to the public upon request.