2025-02-19T16:41:41-06:00 2024-03-31 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2023-04-01 810107430 MSU BOOKSTORE INC MSUB 4069942811 PO BOX 3160 BOZEMAN MT 59717 CHAD SCHREIER CEO 4069942811 2025-02-11 1 1 SAM BRUNSON CPA P01696998 4067281800 2025-02-11 2023 2025-03-06 01:10:19Z CHAD SCHREIER PO BOX 3160 BOZEMAN MT 59717 10123175 0 X MSUBOOKSTORE.ORG X 1931 MT TO PROVIDE TEXTBOOKS, STATIONARY, OTHER STUDENT SUPPLIES AND COMMODITIES, AND TO PROMOTE AND FOSTER EDUCATIONAL, INTELLECTUAL, AND SOCIAL INTERESTS OF THE STUDENT BODY AND FACULTY OF MONTANA STATE UNIVERSITY. 7 7 121 7 -14162 4834 0 0 0 0 89774 41007 4715148 1941615 4804922 1982622 0 0 0 0 2184737 2043312 0 0 0 2688903 1760276 4873640 3803588 -68718 -1820966 5868943 4427257 1612321 1801263 4256622 2625994 THE MSU BOOKSTORE, INC. IS DEDICATED TO SUPPORTING THE GOALS OF THE UNIVERSITY BY SATISFYING CUSTOMER NEEDS WITH THE BEST POSSIBLE SERVICE, PRODUCTS AND PRICES IN A CUSTOMER-FRIENDLY ENVIRONMENT. 0 0 2008832 0 1955775 SALES OF BOOKS, SUPPLIES, AND OTHER MERCHANDISE. 2008832 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 121 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHAD SCHREIER 4069942811 125 STRAND UNION BOZEMAN MT 59717 TOM STUMP BOARD CHAIRMAN 10.00 X X 0 0 0 MARC GUILLIAN VICE PRESIDENT 5.00 X X 0 0 0 JACK DOCKERTY BOARD SECRETARY 5.00 X X 0 0 0 GREGORY FRANCY BOARD TREASURER 5.00 X X 0 0 0 NATALIE DADDARIO DIRECTOR 5.00 X 0 0 0 ZACHARY HETLAND DIRECTOR 5.00 X 0 0 0 MESA MCKEE DIRECTOR 5.00 X 0 0 0 CHAD SCHREIER PRESIDENT AND CEO 40.00 X 166593 0 27548 166593 0 27548 1 0 1 0 WIPFLI LLP PO BOX 3160 MILWAUKEE WI 532013160 ACCOUNTING & CONSULTING 160201 1 132731 132731 82872 174596 -91724 -91724 -91724 9921732 7965957 1955775 1955775 THE M STORE INC INCOME PER BOOKS 900099 -14162 -14162 2 2 -14160 1982622 1955775 -14162 41009 202323 113301 89022 1590332 890586 699746 84644 47401 37243 15976 8947 7029 150037 84021 66016 25741 25741 124330 124330 4293 4293 74367 36830 37537 100700 92644 8056 381848 19092 362756 54612 32814 21798 372678 372678 58216 58216 29485 29485 31536 15768 15768 303521 200324 103197 MEMBERSHIPS & DUES 93133 93133 COMMISSIONS EXPENSE 48108 48108 REPAIRS & MAINTENANCE 14361 13212 1149 OPERATING EXPENSE 11217 10656 561 32130 22450 9680 3803588 2008832 1794756 0 249733 309263 2905295 8143 97883 906565 181872 267377 2513934 966072 35994 18948 1628975 1583005 42593 45970 0 2077564 -167922 -182084 9561 9439 5868943 4427257 1039252 1703758 95253 97505 439086 0 38730 0 1612321 1801263 X 4256622 2625994 4256622 2625994 5868943 4427257 -1820966 190338 0 X 0 0 0 X 274300 274300 8597111 6983155 7959626 11163216 9921732 44624840 8597111 7257455 7959626 11163216 9921732 44899140 0 0 0 44899140 38444 5216 86915 89774 132731 353080 38444 5216 86915 89774 132731 353080 29168 29168 46642 29348 88573 74628 2 239193 8682197 7292019 8135114 11327618 10083633 45520581 0.98630 0.98530 0.00780 0.00680 X 1628975 1583005 45970 45970 X X 0 0 0 0 0 0 0 0 0 CHAD SCHREIER PRESIDENT AND CEO 166593 0 0 0 0 0 12204 0 15344 0 194141 0 0 0 PART I, LINE 3 THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL OF THE BOOKSTORE, THE CHIEF EXECUTIVE OFFICER, IS DETERMINED AND ORDERED BY THE BOARD OF DIRECTORS OF THE BOOKSTORE. THE PROCESS OF THIS COMPENSATION EVALUATION INVOLVES COMPARISONS WITH COMPENSATION SCHEDULES FROM ACROSS THE UNIVERSITY BOOKSTORE INDUSTRY, USING METRICS SUCH AS STORE VOLUME, SIMILAR ORGANIZATIONAL STRUCTURES, LENGTH OF SERVICE, EDUCATIONAL BACKGROUNDS, TYPE OF PARENT INSTITUTION, ETC. DATA SOURCES SUCH AS THE NATIONAL ASSOCIATION OF COLLEGES STORES, NATIONAL ASSOCIATION OF COLLEGE AUXILIARY SERVICES, LARGE STORE GROUP OF THE NATIONAL ASSOCIATION OF COLLEGE STORES, AND THE INDEPENDENT COLLEGE STORES ASSOCIATION ARE USED IN THIS ANALYSIS. BESIDES NATIONAL DATA, LOCALLY PRODUCED DATA IS USED SUCH AS SALES AND PROFIT PRODUCTION OF THE STORE, YEARLY EVALUATION DOCUMENTS, EMPLOYEE SATISFACTION SURVEYS, AND PERFORMANCE AGAINST SET GOALS FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A MEMBERSHIP ORGANIZATION WITH ONE CLASS OF MEMBERS. ALL REGULARLY REGISTERED STUDENTS AND ALL REGULAR MEMBERS OF THE FACULTY OF MONTANA STATE UNIVERSITY SHALL BE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD SHALL CONSIST OF SEVEN DIRECTOR POSITIONS COMPRISED OF THREE FACULTY DIRECTORS AND THREE MSU STUDENTS ELECTED BY THE MEMBERS. EACH SPRING IN WHICH ANY ELECTED DIRECTOR POSITION IS VACANT OR WILL BECOME VACANT, NOMINATIONS AND ELECTIONS SHALL BE HELD TO FILL SAID VACANCY OR VACANCIES BY VOTE OF THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY ONLY BE AMENDED, ALTERED, REPEALED, OR RESTATED BY A VOTE OF THE MAJORITY OF THE BOARD, EXCEPT AS PROVIDED IN SECTION 12.2 WHICH IS SET FORTH BELOW: IN ACCORDANCE WITH MONTANA LAW, ANY AMENDMENT THAT RELATES TO: I) QUORUM OF MEMBERSHIP NEEDED; II) THE NUMBER OF DIRECTORS; III) THE COMPOSITION OF THE BOARD; IV) THE TERM OF OFFICE OF DIRECTORS; V) THE METHOD OR WAY IN WHICH DIRECTORS ARE ELECTED OR SELECTED; OR VI) TERMINATION OR CANCELLATION OF MEMBERS OR CLASSES OF VOTING MEMBERS MUST BE VOTED UPON BY THE MEMBERSHIP AND SHALL ONLY BE VALID UPON THE AFFIRMATIVE VOTE OF EIGHTY PERCENT (80%) OF THE VOTES CAST BY RECORD MEMBERS OR A MAJORITY OF THE RECORD MEMBERSHIP, WHICHEVER IS LESS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS THEN REVIEWED BY THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MSU BOOKSTORE HAS A HUMAN RESOURCE MANAGER WHO MONITORS POTENTIAL CONFLICTS OF INTEREST. DUE TO THE NATURE OF CONFLICTS OF INTEREST, SELF-REPORTING OF POTENTIAL CONFLICTS IS THE RESPONSIBILITY OF THE PARTY INVOLVED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL OF THE BOOKSTORE, THE CHIEF EXECUTIVE OFFICER, IS DETERMINED AND ORDERED BY THE BOARD OF DIRECTORS OF THE BOOKSTORE. THE PROCESS OF THIS COMPENSATION EVALUATION INVOLVES COMPARISONS WITH COMPENSATION SCHEDULES FROM ACROSS THE UNIVERSITY BOOKSTORE INDUSTRY, USING METRICS SUCH AS STORE VOLUME, SIMILAR ORGANIZATIONAL STRUCTURES, LENGTH OF SERVICE, EDUCATIONAL BACKGROUNDS, TYPE OF PARENT INSTITUTION, ETC. DATA SOURCES SUCH AS THE NATIONAL ASSOCIATION OF COLLEGES STORES, NATIONAL ASSOCIATION OF COLLEGE AUXILIARY SERVICES, LARGE STORE GROUP OF THE NATIONAL ASSOCIATION OF COLLEGE STORES, AND THE INDEPENDENT COLLEGE STORES ASSOCIATION ARE USED IN THIS ANALYSIS. BESIDES NATIONAL DATA, LOCALLY PRODUCED DATA IS USED SUCH AS SALES AND PROFIT PRODUCTION OF THE STORE, YEARLY EVALUATION DOCUMENTS, EMPLOYEE SATISFACTION SURVEYS, AND PERFORMANCE AGAINST SET GOALS FROM THE PRIOR YEAR. THE COMPENSATION FOR DEPARTMENT MANAGERS IS DETERMINED BY THE CEO. COMPARABILITY DATA FOR WAGES IN THE BOZEMAN MARKET, INDUSTRY TRENDS, AND RESPONSIBILITIES AND PRODUCTIVITY OF EACH MANAGER ARE CONSIDERED WHEN DETERMINING COMPENSATION. THE ORGANIZATION ALSO CONSULTED WITH A 3RD PARTY TO UNDERGO A COMPENSATION REVIEW OF MANAGEMENT AND ADJUSTED ITS WAGES ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ONLY UPON REQUEST. THE M STORE INC 125 STRAND UNION BOZEMAN MT 59717 273284125 SALES OF SUPPLIES AND OTHER MERCHANDISE MT MSU BOOKSTORE INC S 29168 1622294 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE M STORE INC D 267377 CASH