Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 8,000 | 6,954 | 14,954 | |||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 15,924,496 | 16,631,082 | 18,573,509 | 21,276,529 | 22,028,568 | 94,434,184 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | 20,641 | 133,360 | 270,305 | 322,735 | 355,235 | 1,102,276 |
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 15,953,137 | 16,764,442 | 18,850,768 | 21,599,264 | 22,383,803 | 95,551,414 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 0 | |||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 0 | |||||
| 8 | Public support. (Subtract line 7c from line 6.) | 95,551,414 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 15,953,137 | 16,764,442 | 18,850,768 | 21,599,264 | 22,383,803 | 95,551,414 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 262,135 | 504,498 | 1,160,090 | 1,455,983 | 1,761,929 | 5,144,635 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 262,135 | 504,498 | 1,160,090 | 1,455,983 | 1,761,929 | 5,144,635 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 16,215,272 | 17,268,940 | 20,010,858 | 23,055,247 | 24,145,732 | 100,696,049 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software Version: |
| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION B, LINE 11B | BOTH THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER REVIEW THE 990 FOR ACCURACY AND COMPLETENESS. THE FINAL REVIEW OF THE 990 IS PLACED ON THE BOARD'S MEETING AGENDA BEFORE IT FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ANNUALLY RECEIVE A TRAINING SESSION ON CONFLICTS OF INTEREST AND ARE REQUIRED TO TAKE A QUIZ AFTER THE SESSION. CONFLICT OF INTEREST DISCLOSURE FORMS ARE SIGNED BY ALL DIRECTORS AND OFFICERS ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | ASI ATTEMPTS TO BE EXTERNALLY COMPETITIVE BY CONDUCTING PERIODIC SALARY SURVEYS WITHIN THE APPROPRIATE LABOR MARKET FOR AFFECTED MANAGEMENT POSITIONS. THE DIRECTOR OF HUMAN RESOURCES IS RESPONSIBLE FOR CONDUCTING THE SURVEY . THE SURVEY WILL BE CONDUCTED ON POSITIONS WITH COMPARABLE DUTIES AT CSU CAMPUSES, OTHER COLLEGES AND UNIVERSITIES, AND ORGANIZATIONS IN THE NONPROFIT SECTOR. SALARY DATA IS COLLECTED ON CERTAIN KEY POSITIONS CALLED "BENCHMARKS". A BENCHMARK IS A POSITION THAT (A) SERVES AS A CREDIBLE REFERENCE POINT FOR SHOWING SALARY TRENDS OF OTHER RELATED POSITIONS; (B) IS GENERALLY FOUND IN OTHER ORGANIZATIONS WHICH ARE BEING SURVEYED; (C) CAN BE READILY IDENTIFIED IN TERMS OF JOB CONTENT BY OTHER ORGANIZATIONS WHICH PARTICIPATE IN THE SURVEY; AND (D) IS SUBJECT TO CLEAR AND CONCISE DESCRIPTION. THE SURVEY DATA WILL CONTRIBUTE TO THE DEVELOPMENT OF SALARY RANGES FOR THE AFFECTED MANAGEMENT POSITIONS. EACH RANGE WILL HAVE A MINIMUM, A MARKET RATE, AND A MAXIMUM RATE. FOR POSITIONS THAT BEAR COMPARABLE CSU JOB CODES, THE MAXIMUM SALARY MUST NOT EXCEED THE UPPER LIMIT SPECIFIED FOR THAT CLASSIFICATION'S ADMINISTRATIVE GRADE LEVEL. IN APPLYING THE SALARY SURVEY DATA, ASI SEEKS TO BE NEITHER THE HIGHEST NOR THE LOWEST PAYING EMPLOYER WITHIN A LABOR MARKET AREA. THE GOAL IS TO PAY RATES THAT WILL FACILITATE THE RECRUITMENT AND RETENTION OF A PRODUCTIVE MANAGEMENT WORKFORCE. THE MEAN SALARIES BEING PAID BY OTHER ORGANIZATIONS FOR COMPARABLE POSITIONS SERVE AS THE BASIS FOR ESTABLISHING THE MARKET RATE FOR ASI POSITIONS. ON THE BASIS OF THIS MARKET RATE, MINIMUM AND MAXIMUM SALARIES CAN BE CALCULATED AS SPECIFIED IN THE "SALARY STRUCTURE" SECTION OF THE ASI MANAGEMENT PERSONNEL PLAN. THE RESULTS OF THE SURVEY WILL ASSIST IN DETERMINING WHAT ADJUSTMENTS, IF ANY ARE TO BE MADE IN THE ASI SALARIES. ANY APPROVED SALARY ADJUSTMENTS THAT ARE SUPPORTED BY THE SURVEY FINDINGS WILL NORMALLY BECOME EFFECTIVE ON JULY 1 AND ARE SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION POSTS THE FOLLOWING DOCUMENTS ON IT'S WEBSITE: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990. THE DOCUMENTS ARE ALSO AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S ADDRESS. THE DOCUMENTS ARE ALSO AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S ADDRESS LISTED ON PAGE ONE. |
| FORM 990 PART VII | THE ORGANIZATION'S EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER AND CHIEF OF STAFF ALSO HOLD THE SAME POSITIONS WITH FORTY-NINER SHOPS, INC., AN AFFILIATED BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES. THE EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER AND CHIEF OF STAFF DIVIDE THEIR TIME BETWEEN THE TWO ENTITIES PURSUANT TO A SHARED-SERVICES AGREEMENT THAT PROVIDES FOR REIMBURSEMENT OF COMPENSATION AND BENEFITS BASED ON THE PROPORTION OF SERVICES PERFORMED FOR EACH ORGANIZATION. ASI EMPLOYS THE OFFICERS, PAYS 100 PERCENT OF THEIR SALARY AND BENEFITS, AND REPORTS THE FULL AMOUNTS ON ITS FORM 990, PART VII AND SCHEDULE J. UNDER THE SHARED-SERVICES AGREEMENT, FORTY-NINER SHOPS, INC. REIMBURSES ASI FOR ITS ALLOCABLE SHARE OF THE OFFICERS' COMPENSATION AND REPORTS ONLY THE PORTION ALLOCABLE TO SERVICES PROVIDED TO IT IN ITS OWN FORM 990, PART VII AND SCHEDULE J. THE ORGANIZATION'S CHIEF HUMAN RESOURCES OFFICER ALSO SERVES IN THE SAME CAPACITY FOR FORTY-NINER SHOPS, INC., AN AFFILIATED BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES. UNDER A SHARED SERVICES AGREEMENT BETWEEN THE TWO ENTITIES, THE CHIEF HUMAN RESOURCES OFFICER DIVIDES HER TIME AND RESPONSIBILITIES BASED ON THE PROPORTION OF SERVICES PROVIDED TO EACH ORGANIZATION. ALTHOUGH HER TOTAL COMPENSATION AND BENEFITS ARE PAID BY FORTY-NINER SHOPS, INC., THE ORGANIZATION HAS DETERMINED THAT $90,798 OF HER TOTAL COMPENSATION IS PROPERLY ALLOCABLE TO SERVICES PERFORMED ON ITS BEHALF. ACCORDINGLY, THIS AMOUNT IS REPORTED IN FORM 990, PART VII, COLUMN (D), AND SCHEDULE J, PART II. THE ORGANIZATION DOES NOT DIRECTLY PAY OR REIMBURSE THE OFFICER FOR HER COMPENSATION; INSTEAD, IT REMITS A CONTRACTUAL SERVICE FEE TO FORTY-NINER SHOPS, INC. THAT COVERS THE OFFICER'S TIME AND RELATED SUPPORT SERVICES. |
| FORM 990, PART IX, LINE 11G | CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 311,932. MANAGEMENT AND GENERAL EXPENSES 691,939. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,003,871. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,410,339. MANAGEMENT AND GENERAL EXPENSES 245,309. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,655,648. |
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