Aztec Shops Ltd

“Appointment, Nomination, and Election Process for Board Members:The President of San Diego State University and the President of Associated Students of San Diego State University or their designees, as well as the SDSU Vice President of Student Affairs and SDSU Vice President of Business and Financial Affairs, are appointed ex officio by virtue of their positions in the University. All other directors are nominated by the Presidents and elected upon a majority vote of the existing board members.”

“Under Title 5 California Code of Regs, section 42402, the campus president is required to assure that Aztec Shops operates in conformity with the policies of the California State University System and San Diego State University. The president may discontinue any program or expenditure that he or she determines is inconsistent with these policies.”

“A draft of the form 990 was delivered to the audit committee of Aztec Shops in accordance with its charter. The controller of Aztec Shops explained the significant changes in the form and solicited questions from the committee. The final form 990 was also delivered to each member of the board of directors before filing.”

“Aztec Shops requires each interested party, which includes all individuals reported on the 990, to disclose annually interests that could give rise to conflicts. A conflict of interest questionnaire is completed annually by the board and employees and provided to the CEO and Human Resources for review. Aztec Shops also monitors compliance with its conflict of interest policy through its purchasing and operating departments. Aztec Shops staff reviews contracts and requisitions for potential conflicts. A summary of conflicts is provided to the Board of Directors for review and resolution. The Board is authorized to take whatever action is deemed necessary to resolve potential or actual conflicts including: prohibiting the interested party from discussions or decisions regarding the conflict of interest; modifying or redefining the duties and responsibilities of the interested party; or requiring the resignation of the interested party.”

“Pursuant to Title 5, California Code of Regs., Section 42405, Aztec Shops maintains salary schedules comparable to San Diego State University (a California public institution). The salary of the Chief Executive Officer is also subject to approval by the Board of Directors of Aztec Shops.”

“The organization makes available its governing documents, conflict of interest policy and financial statements to the public on its website www.aztecshops.com.”

“OTHER PROGRAM SERVICES 4: University Towers Residence HallAztec Shops owns and operates, in conjunction with San Diego State University's Office of Housing Administration, the University Towers Residence Hall on the campus of San Diego State University. University Towers was the "home away from home" for more than 500 mainly freshman students of San Diego State during the 2021-2022 academic year, providing a living environment fostering academic excellence and personal growth.EXPENSES $2,971,277 GRANTS $0 REVENUE $4,410,035 OTHER PROGRAM SERVICES 5: Conference ServicesSDSU Conference Services serves groups ranging in size from 10 to 12,000 attending conferences and workshops on campus, primarily during the summer months. To help make each gathering a success, SDSU Conference Services focuses on advance preparation and planning assistance. Conference planning encompasses various on-campus services, including facilities, instructional media assistance, dining services, and housing accommodations.EXPENSES $968,716 GRANTS $0 REVENUE $520,169 OTHER PROGRAM SERVICES 6: Contribution from Outside VendorAztec Shops is engaged in a multi-year agreement with a vendor and San Diego State University in which all monies received by Aztec Shops are subsequently contributed to the University.EXPENSES $412,280 GRANTS $0 REVENUE $412,280 OTHER PROGRAM SERVICES 7: Rental of Facilities - SDSU World CampusSDSUS World Campus offers certificate programs for career advancement, master's degree programs and ESL instruction. Aztec Shops provides facilities for rent to San Diego State University for their World Campus.EXPENSES $0 GRANTS $0 REVENUE $394,319 OTHER PROGRAM SERVICES 8: Miscellaneous IncomeReceipts and reimbursements for various commercial services provided by Aztec Shops to the San Diego State University campus community.EXPENSES $0 GRANTS $0 REVENUE $605,952 OTHER PROGRAM SERVICES 9: Grant AllocationsAztec Shops, at the discretion of its Board of Directors, provides for annual allocations to San Diego State University and its affiliated organizations. During the current year, allocations were made to the Associated Students of San Diego State University and San Diego State University.EXPENSES $365,000 GRANTS $365,000 REVENUE $0”