Forty-niner Shops Inc
Nonprofit profile at a glance
- EIN
- 951782943
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2022
- Location
- Long Beach, CA, USA
- Phone
- 5629855093
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $24,904,314
- Expenses
- $21,329,859
- Assets
- $29,990,979
- Liabilities
- $13,235,178
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- MILES NEVIN (ASSOCIATE VP & EXECUTIVE DIRECTOR)
- CLINT CAMPBELL (ASSOCIATE EXECUTIVE DIRECTOR)
Highest reported compensation
- SCOTT APEL (CHAIR): $445,336 total reported compensation
- BETH LESEN (VICE CHAIR): $425,514 total reported compensation
- MILTON ORDONEZ (BOARD MEMBER): $314,379 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhance & support the educational process of csu, long beach by providing goods and services to promote a learning community; training student employees with life and career skills; funding scholarships, internships and other programs that promote student success.
What it reported doing in 2024
Convenience stores: the 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.id card services: the 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.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 86
- Accountability: 71
- Sustainability: 56
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 78.5%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 14.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.41; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 78.5% of spending went to programs
- Governance: 5 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $16.7M in reported program spending
- Leadership: top reported pay $445K · 20 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $330K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Independent voting board scored 50/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.