2019-05-17T08:25:18-05:00 2018-07-01 463330935 AVENSON HAMANN CPAS LLP 1779 WELLS BRANCH PKWY 110B-292 AUSTIN TX 78728 990 2017-07-01 740960070 UNIVERSITY CO-OPERATIVE SOCIETY UNIV 5122216208 2246 GUADALUPE ST AUSTIN TX 78705 CHERYL PHIFER CEO 5122216208 2019-05-15 1 CATHERINE AVENSON P01259734 5126939131 47.220.189.9 2019-05-17 08:25:15 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7FBB1FF3FA313FF48503ED9694125008F8DDFE26 2017 2019-02-21 02:37:17Z X CHERYL PHIFER 2246 GUADALUPE ST AUSTIN TX 78705 26245099 0 X WWW.UNIVERSITYCOOP.COM X 1925 TX COLLEGE BOOK STORE PROVIDING GOODS AND SERVICES TO THE STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY OF TEXAS. PROCEEDS FROM SALES OF GOODS ARE DONATED TO THE UNIVERSITY OF TEXAS. 10 9 612 0 112980 43549 0 0 40399 134338 -86196 7816 11148473 9945864 11102676 10088018 209011 155958 196164 90695 6082561 5707615 0 0 0 5063103 4353764 11550839 10308032 -448163 -220014 20778322 16668462 10736024 10105910 10042298 6562552 WE IMPROVE THE LIVES OF THE STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY OF TEXAS AT AUSTIN WITH A BUSINESS WHERE PEOPLE LOVE TO SHOP, WORK AND CONNECT. 0 0 6316870 155958 9687837 PROVIDES GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY OF TEXAS. APPROXIMATELY 60,000 SUCH INDIVIDUALS ARE BENEFITED. 6316870 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 46 0 612 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL SEYFFERT 5124767211 2246 GUADALUPE ST AUSTIN TX 78705 MICHAEL HASLER CHAIR 1.00 X X 24000 0 0 DYLAN ADKINS STUDENT DIRECTOR 1.00 X 0 0 0 JOHN DZIENKOWSKI FACULTY DIRECTOR 1.00 X 0 0 0 HILLARY HART FACULTY DIRECTOR 1.00 X 0 0 0 GRANGER HUNTRESS DIRECTOR 1.00 X 0 0 0 MADISON MCDONALD STUDENT DIRECTOR 1.00 X 0 0 0 GARRETT SONNIER FACULTY DIRECTOR 1.00 X 0 0 0 KATHERINE HARCLERODE STUDENT DIRECTOR 1.00 X 0 0 0 SARAH FULTHORPE STUDENT DIRECTOR 1.00 X 0 0 0 TAMMY BENTON DIRECTOR 1.00 X 0 0 0 SHARON STROVER DIRECTOR 1.00 X 0 0 0 CHERYL PHIFER PRESIDENT/CEO 40.00 X 400630 0 22996 JAMES KIELTY EXECUTIVE VP & CFO 40.00 X 201691 0 26348 LESLIE SMITH SECRETARY 40.00 X 211414 0 10237 KRISTEN HUFFMAN VP OF OPERATIONS 40.00 X 117687 0 17162 KELLI HANKS STORE DIRECTOR 40.00 X 103667 0 13852 1059089 0 90595 5 0 1 0 UNITED PARCEL SERVICE 55 GLENLAKE PARKWAY NE ATLANTA GA 30328 DELIVERY SERVICES 361275 1 MISCELLANEOUS INCOME 900099 134338 134338 134338 76588 76588 1432005 1116228 315777 315777 36392 279385 7877 61 7816 7816 7816 24594291 15040792 9553499 9553499 10088018 9687837 112980 287201 155958 155958 90695 90695 918692 598823 319869 3434289 1914263 1520026 193674 139215 54459 778331 778331 382629 274601 108028 34162 34162 212236 31541 180695 355015 354423 592 9020 9020 136036 6266 129770 1021640 826865 194775 35126 12532 22594 4970 1225 3745 204202 204008 194 780459 606222 174237 26765 26765 TAX EXPENSE 40604 40604 CREDIT CARD/BANK FEES 386195 324296 61899 SUPPLIES 365457 365221 236 COMMISSIONS 241482 241482 500395 169234 331161 10308032 6316870 3991162 0 324602 134490 458989 345678 5060423 2665330 481787 432258 24123581 11905168 12234381 12218413 -7835317 -9138734 303723 247794 9749734 9763233 20778322 16668462 3831135 4044990 5632351 5641315 1272538 419605 10736024 10105910 X 9622298 6142552 420000 420000 10042298 6562552 20778322 16668462 X -220014 -1956315 -1303417 X 0 1 X 1 0 X 29116944 27674915 27463687 25727903 24728629 134712078 29116944 27674915 27463687 25727903 24728629 134712078 0 0 0 134712078 1147608 1592791 1448962 1425065 1508593 7123019 1147608 1592791 1448962 1425065 1508593 7123019 30264552 29267706 28912649 27152968 26237222 141835097 0.94980 0.95280 0.05020 0.04720 X 1155694 1155694 14765915 5595954 9169961 2551811 2209707 342104 5642005 4099507 1542498 8156 8156 12218413 OTHER ASSETS 11250 DUE FROM RELATED ORGANIZATION 9751983 9763233 PATRONAGE REFUNDS 90695 CASH OVERDRAFT 223180 DEFERRED LEASE OBLIGATION 105730 419605 X 10945322 566133 566133 10379189 -291171 -291171 10088018 12468753 2226174 2226174 10242579 65453 65453 10308032 PART X, LINE 2: THE CO-OP ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS, WHICH INCLUDES THE ACCOUNTING FOR INTEREST AND PENALTIES RELATING TO TAX POSITIONS. THE CO-OP DOES NOT CURRENTLY HAVE ANY MATERIAL TAX POSITIONS MANAGEMENT CONSIDERS UNCERTAIN AT JULY 1, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN SUBSIDIARY 631,586. REPORTED AS EXPENSES ON FORM 990 -65,453. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUES -298,987. GAIN ON SALE OF ASSET 7,816. PART XII, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN SUBSIDIARY 1,935,003. RENTAL EXPENSES NETTED WITH REVENUES 298,987. GAIN ON SALE OF ASSETS REPORTED AS REVENUE -7,816. PART XII, LINE 4B - OTHER ADJUSTMENTS: NETTED WITH REVENUES ON THE AUDIT 65,453. 1 THE UNIVERSITY OF TEXAS PO BOX 7458 AUSTIN TX 78713 746000203 STATE OF TEXAS 155958 SUPPORT EDUCATIONAL PROGRAMS AND ACTIVITIES 1 PART I, LINE 2: GRANTEES ARE REQUIRED TO SUBMIT REPORTS AND RECEIPTS DETAILING THE USE OF GRANT FUNDS. ALL GRANTEES MUST RETURN ANY EXCESS GRANT FUNDS TO THE ORGANIZATION. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHERYL PHIFER PRESIDENT/CEO 328630 0 72000 0 0 0 6750 0 16246 0 423626 0 0 0 JAMES KIELTY EXECUTIVE VP & CFO 191691 0 10000 0 0 0 10102 0 16246 0 228039 0 0 0 LESLIE SMITH SECRETARY 191414 0 20000 0 0 0 10237 0 0 0 221651 0 0 0 PART I, LINE 1A THE CHAIRPERSON OF THE BOARD OF DIRECTORS AND THE PRESIDENT/CEO ARE PROVIDED WITH MEMBERSHIPS TO THE UT CLUB AND THE CAMPUS CLUB. THE MEMBERSHIPS DUES ARE PAID DIRECTLY BY THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN APRIL 2018 TO CREATE POSITIONS ON THE BOARD OF DIRECTORS FOR UP TO THREE SPECIAL PURPOSE DIRECTORS WHO WILL BE PERMITTED TO ATTEND MEETINGS AND BELONG TO SUBCOMMITTEES OF THE BOARD. THE TERM WILL BE ONE-YEAR, WITH A POSSIBILITY OF UP TO TWO ONE-YEAR EXTENSIONS. THE SPECIAL PURPOSE DIRECTORS WILL NOT HAVE ANY VOTING POWERS ON THE BOARD OF DIRECTORS. THE APPOINTMENT WILL BE DONE BY A VOTE OF THE BOARD OF DIRECTORS ON AN AS-NEEDED BASIS. FORM 990, PART VI, SECTION A, LINE 6 STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY OF TEXAS ARE MEMBERS OF THE CO-OP. FORM 990, PART VI, SECTION A, LINE 7A STUDENT BOARD MEMBERS ARE ELECTED BY THE STUDENT BODY; FACULTY BOARD MEMBERS ARE APPOINTED BY THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C SIGNIFICANT EXPENDITURES ARE MONITORED BY THE CFO AND POTENTIAL CONFLICTS ARE ADDRESSED PER THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF VICE PRESIDENTS IS REVIEWED BY THE CEO AND ANY INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF KEY EMPLOYEES IS REVIEWED BY THE EXECUTIVE OFFICERS AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN LOSS OF SUBSIDIARY -1,303,417. UNIVERSITY STORES INC PO BOX 7520 UNIVERSITY STATION AUSTIN TX 78712 264786384 SALE OF GOODS AND SERVICES TO STUDENTS TX UNIVERSITY CO-OPERATIVE SOCIETY C 1303417 630289 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 UNIVERSITY STORES INC A 76588 PERCENTAGE MONTHLY RETAIL SALES UNIVERSITY STORES INC D 9716052 COST UNIVERSITY STORES INC O 882000 COST LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE