Associated Students Inc California State University Long Beach

“Both the organization's executive director and accounting manager review the 990 for accuracy and completeness. The final review of the 990 is placed on the board's meeting agenda before it filed.”

“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.”

“Asi attempts to be externally competitive by conducting periodic salary surveys within the appropriate labor market for affected management positions. The human resource manager is responsible for conducting the survey and reporting results to the asi human resources committee. 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.”

“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.”

“Miles nevin is the current executive director of associated students inc., long beach and is also the executive director of the forty-niner shops an affiliated organization but unrelated organization for 990 reporting purposes. The executive director splits his time between the two entities. Staring in fiscal year 06.30.2024 there will be a shared services agreement in place for reimbursement of his compensation.”

“Contractual services: program service expenses 2,449,094. Management and general expenses 582,687. Fundraising expenses 0. Total expenses 3,031,781.”

“Pension related charges other than net periodic pension cost -3,224,465.”

“Change in accounting principle: for the year ended june 30, 2022, associated students prepared its financial statements under u.s. Gaap as prescribed by the governmental accounting standards board. Reported. On july 1, 2022, associated students modified their bylaws which permitted the adoption of u.s. Gaap as prescribed by the financial accounting standards board. Due the adoption, associated students recognized a decrease in the beginning balance of lease receivable of $1,217,184, a decrease in the beginning balance of pension obligation of $664,068, a decrease in the beginning balance of unfunded post-retirement medical benefits of $2,839,894, and an increase in the beginning balance of net assets of $4,712,146”