Civic Intelligence

Student Cooperative Association Inc.

990 • Fiscal year 2024 • EIN 25-6012456

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 17, 2025

319 Pratt DriveIndiana, PA 15705

(724) 357-1322

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.69x

Higher debt load relative to assets than 83% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

2.21x

Higher debt load relative to revenue than 88% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

59th percentile

8.2%

Higher net margin than 59% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$168,600

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

49th percentile

5.4%

Faster asset growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

14%

Faster revenue growth than 61% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,454,385

Up $1,560,624 (+5.4%) from 2023

Net Assets

Up

$9,477,898

Up $1,110,454 (+13%) from 2023

Liabilities

Up

$20,976,487

Up $450,170 (+2.2%) from 2023

Revenue

Up

$9,502,493

Up $1,152,395 (+14%) from 2023

Expenses

Up

$8,722,061

Up $224,973 (+2.6%) from 2023

Net Income

Up

$780,432

Up $927,422 (+631%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $5,492,152Liabilities 2011: $1,539,897Net Assets 2011: $3,952,2552011Assets 2012: $5,809,598Liabilities 2012: $1,278,592Net Assets 2012: $4,531,0062012Assets 2013: $5,542,740Liabilities 2013: $757,075Net Assets 2013: $4,785,6652013Assets 2014: $5,905,131Liabilities 2014: $812,292Net Assets 2014: $5,092,8392014Assets 2015: $5,453,977Liabilities 2015: $1,483,496Net Assets 2015: $3,970,4812015Assets 2016: $3,365,502Liabilities 2016: $998,779Net Assets 2016: $2,366,7232016Assets 2017: $37,197,641Liabilities 2017: $32,294,357Net Assets 2017: $4,903,2842017Assets 2018: $36,218,568Liabilities 2018: $30,155,489Net Assets 2018: $6,063,0792018Assets 2019: $35,006,248Liabilities 2019: $29,380,089Net Assets 2019: $5,626,1592019Assets 2020: $34,376,156Liabilities 2020: $28,454,636Net Assets 2020: $5,921,5202020Assets 2021: $33,183,299Liabilities 2021: $26,691,434Net Assets 2021: $6,491,8652021Assets 2022: $29,525,625Liabilities 2022: $21,053,024Net Assets 2022: $8,472,6012022Assets 2023: $28,893,761Liabilities 2023: $20,526,317Net Assets 2023: $8,367,4442023Assets 2024: $30,454,385Liabilities 2024: $20,976,487Net Assets 2024: $9,477,8982024Assets 2025: $28,452,590Liabilities 2025: $18,905,289Net Assets 2025: $9,547,3012025

Highlighted filing

2024

Assets$30,454,385
Liabilities$20,976,487
Net Assets$9,477,898

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $8,611,5562011Expenses 2012: $8,822,7012012Expenses 2013: $8,869,5112013Revenue 2014: $9,882,629Expenses 2014: $9,747,500Net Income 2014: $135,1292014Revenue 2015: $9,441,948Expenses 2015: $10,564,306Net Income 2015: -$1,122,3582015Revenue 2016: $9,349,106Expenses 2016: $9,601,204Net Income 2016: -$252,0982016Revenue 2017: $8,845,652Expenses 2017: $9,622,355Net Income 2017: -$776,7032017Revenue 2018: $10,173,892Expenses 2018: $9,010,853Net Income 2018: $1,163,0392018Revenue 2019: $8,484,004Expenses 2019: $8,915,705Net Income 2019: -$431,7012019Revenue 2020: $8,832,360Expenses 2020: $8,526,323Net Income 2020: $306,0372020Revenue 2021: $8,395,772Expenses 2021: $7,982,858Net Income 2021: $412,9142021Revenue 2022: $9,645,452Expenses 2022: $7,603,597Net Income 2022: $2,041,8552022Revenue 2023: $8,350,098Expenses 2023: $8,497,088Net Income 2023: -$146,9902023Revenue 2024: $9,502,493Expenses 2024: $8,722,061Net Income 2024: $780,4322024Revenue 2025: $9,337,143Expenses 2025: $9,267,740Net Income 2025: $69,4032025

Highlighted filing

2024

Revenue$9,502,493
Expenses$8,722,061
Net Income$780,432
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 17, 2025
Return Version
2023v6.0
Gross Receipts
$11,911,436
Mission and Program Overview

Mission

Service organization for a state university that provides facilities, activites, and services to enhance the social, cultural, recreational, and learning experience for the university community.

Service organization for a state university that provides facilities, activites, and services to enhance the social, cultural, recreational, and learning experience of the university and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,549,558$24,677,444▲ $127,886
Cash and Non-Interest-Bearing Accounts$2,824,613$4,260,453▲ $1,435,840
Accounts Receivable$455,923$433,857▼ $22,066
Inventories for Sale or Use$664,026$425,540▼ $238,486
Intangible Assets-$324,608-
Total Assets$28,893,761$30,454,385▲ $1,560,624
Other Assets Total$399,641$332,483▼ $67,158
Liabilities
Other Liabilities$20,421,467$20,886,883▲ $465,416
Accounts Payable and Accrued Expenses$104,850$89,604▼ $15,246
Total Liabilities$20,526,317$20,976,487▲ $450,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,367,444$9,477,898▲ $1,110,454
Total Net Assets Fund Balance$8,367,444$9,477,898▲ $1,110,454
Total Liabilities and Net Assets / Fund Balance$28,893,761$30,454,385▲ $1,560,624

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,058,142$17,414,379$35,472,521
Equipment$1,338,324$3,778,417$5,116,741
Leasehold Improvements$976,066$3,431,642$4,407,708
Land$4,304,912-$4,304,912
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Louis GarzarelliExecutive DiFT$168,600$168,600
Louis GarzarelliExecutive Director-$168,600$168,600
Robert KanickCFOFT$97,017$97,017

Board Members and Trustees

NameTitle
Joshua CastleChairperson
James RacchiniVice Chairpe
Koga ChilumeDirector
Michael LemastersAlumni Rep
Daniel WissingerFaculty Rep
Stephen ShiringFaculty Rep
Dave SurtaskyManagement R
William ButtzNon Voting a
Abigail HancoxNon Voting D
Thomas SegarNon-voting a
Shagufta HaqueSecretary
Caio GomesStudent Rep
Christina LyttleStudent Rep
Jordan HartmanStudent Rep
Lanc LannanStudent Rep
Laney MonroeStudent Rep
Lauren PowersStudent Rep
Samuel BighamStudent Rep
Tyann BellStudent Rep
Jeremy RisingerTreasurer
Kaylee Becker GeorgeTreasurer/as
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,604,409
Investment Income
$155,116
Other Revenue
$742,968
Change in Net Assets
$780,432

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,502,493
Revenue Not Reported on Form 990
$2,408,943
Total Revenue per Audited Statements
$11,911,436
Total Revenue per Form 990
$9,502,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,458,609
Salaries, Compensation, and Employee Benefits$1,645,720
Grants and Similar Amounts Paid$250,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$3,367,732--$3,367,732
Depreciation Depletion-$1,185,785-$1,185,785
Interest-$875,385-$875,385
Other Salaries and Wages$583,733$282,880-$866,613
Occupancy$485,936--$485,936
Payroll Taxes$457,902--$457,902
Insurance$253,829--$253,829
Grants to Domestic Orgs$250,000--$250,000
Office Expenses$96,556$134,309-$230,865
Other Employee Benefits$213,547--$213,547
Information Technology$149,426--$149,426
Pension Plan Contributions$107,658--$107,658
Advertising$73,716--$73,716
Royalties$56,341--$56,341
Fees for Services Accounting-$43,925-$43,925
Other Expenses$3,189$36,067-$3,189
Conferences and Meetings$761--$761
Total Functional Expenses$6,163,710$2,558,351$0$8,722,061

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,131,004
Expenses per Audited Statements$8,722,061
Total Expenses per Form 990$8,722,061
Expenses Not Reported on Form 990$2,408,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation for IupIndiana, PA501c3Student Assistance$250,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Liability Payable$17,975,000
Other Bond Liabilities Payable$1,250,408
Leases Payable$1,099,973
Organization Deposits$265,263
Interest Payable$148,172
Due to Iup$147,103
Sales Tax Payable$964
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership is comprised of all students of indiana university of pennsylvania and employees of indiana university of pennsylvania and the student cooperative association that pay the association an activity fee.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the members of the association. All directors of the association are required to maintain a regular academic year association membership throughout their term of office.

Form 990, Page 6, Part VI, Line 7B

The board of directors is elected by the members of the association. All directors of the association are required to maintain a regular academic year association membership throughout their term of office.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 was provided via e-mail to the officers of the board of directors for review.

Form 990, Page 6, Part VI, Line 12C

Policies are monitored on an ongoing basis by the association's board of directors. All policies including, but not limited to, employment, supervision, evaluation, and compensation are also monitored by the association's human resources committee.

Form 990, Page 6, Part VI, Line 15A

The chief executive officer compensation is reviewed and approved by the board chairperson. Compensation is also reviewed and approved during the budget approval process.

Form 990, Page 6, Part VI, Line 15B

Officer and key employee compensation is reviewed and approved by the board chairperson. Compensation is also reviewed and approved during the budget approval process.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements are available in the organization's business office and are available upon request.

Filing and Contact Details

Filer

Filer Name
Student Cooperative Association Inc
EIN
25-6012456
Phone
7243571322
Address
319 PRATT DRIVE, INDIANA, PA 15705

Signing Officer

Name
Robert Kanick
Title
CFO
Phone
7243571322
Signed
2025-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis Garzarelli
Formed
1960
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
53

Preparer

Firm
Cgn CPA Pllc
Address
1380 ROUTE 286 HWY E STE 511, INDIANA, PA 15701
Preparer
James G Hogg CPA
Phone
7244631450
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Co-op store cost of goods sold 2,408,943 co-op store cost of goods sold -2,408,943

Financial Statement Notes

Schedule D, Page 3, Part X

During the year ended june 30, 2010, the association adopted the provisions of accounting standards codification (asc) section 740 formerly known as fin 48 relating to uncertainty in income taxes. There are no tax provisions management has determined are not sustainable tax positions at june 30, 2024. Management estimates at june 30, 2024 that the previous three years of filed returns for exempt organizations are open for examination by tax authorities.

Schedule D, Page 4, Part XI, Line 2D

Co-op store cost of goods sold 2,408,943

Schedule D, Page 4, Part XII, Line 2D

Co-op store cost of goods sold 2,408,943

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt4NON VOTING A
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER/AS
IRS990/Form990PartVIISectionAGrp/TitleTxt8STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt9NON VOTING D
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt12STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt13ALUMNI REP
IRS990/Form990PartVIISectionAGrp/TitleTxt14STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt15STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt16STUDENT REP
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19NON-VOTING A
IRS990/Form990PartVIISectionAGrp/TitleTxt20FACULTY REP
IRS990/Form990PartVIISectionAGrp/TitleTxt21MANAGEMENT R
IRS990/Form990PartVIISectionAGrp/TitleTxt22FACULTY REP
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IRS990/IntangibleAssetsGrp/EOYAmt0324608
IRS990/InterestGrp/ManagementAndGeneralAmt0875385
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/OtherExpensesGrp/TotalAmt144421
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IRS990/OtherRevenueMiscGrp/Desc1FACILITY RENTAL
IRS990/OtherRevenueMiscGrp/Desc2COOP STORE MISCELLANEOUS
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IRS990/ProgSrvcAccomActy2Grp/Desc0CENTRAL TREASURY - FACILITIES OPERATED FOR THE BENEFIT AND USE BY STUDENTS. ACTS AS A CLEARINGHOUSE AND BANK FOR VARIOUS STUDENT GROUPS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012180
IRS990/ProgSrvcAccomActy3Grp/Desc0CO-OP BOOKSTORE - CAMPUS BOOKSTORE OPERATION. PROVIDES TEXTBOOKS, SUPPLIES, ETC. FOR 9,500 STUDENTS AND 1,375 FACULTY AND STAFF.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0425818
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IRS990/PYSalariesCompEmpBnftPaidAmt01614424
IRS990/PYTotalExpensesAmt08497088
IRS990/PYTotalRevenueAmt08350098
IRS990/ReconcilationRevenueExpnssAmt0780432
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/ProgramServicesAmt056341
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IRS990/RoyaltiesRevenueGrp/ExclusionAmt062195
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IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt01,029,146
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07519772
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07764080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08117676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt08045130
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0154647
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0144964
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.5$18.9$9.55$9.34$9.27$0.07
2024Detailed filing. Detailed filing data is available for this year.$30.5$21.0$9.48$9.50$8.72$0.78
2023Detailed filing. Detailed filing data is available for this year.$28.9$20.5$8.37$8.35$8.50$0.15
2022Detailed filing. Detailed filing data is available for this year.$29.5$21.1$8.47$9.65$7.60$2.04
2021Detailed filing. Detailed filing data is available for this year.$33.2$26.7$6.49$8.40$7.98$0.41
2020Detailed filing. Detailed filing data is available for this year.$34.4$28.5$5.92$8.83$8.53$0.31
2019Detailed filing. Detailed filing data is available for this year.$35.0$29.4$5.63$8.48$8.92$0.43
2018Detailed filing. Detailed filing data is available for this year.$36.2$30.2$6.06$10.2$9.01$1.16
2017Detailed filing. Detailed filing data is available for this year.$37.2$32.3$4.90$8.85$9.62$0.78
2016Detailed filing. Detailed filing data is available for this year.$3.37$1.00$2.37$9.35$9.60$0.25
2015Detailed filing. Detailed filing data is available for this year.$5.45$1.48$3.97$9.44$10.6$1.12
2014Detailed filing. Detailed filing data is available for this year.$5.91$0.81$5.09$9.88$9.75$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.54$0.76$4.79$8.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.81$1.28$4.53$8.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$1.54$3.95$8.61