Stanford University Bookstore
Stanford University Bookstore
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About this organization
Revenue
$151,792
Expenses
$156,956
Mission
On July 1, 1999 Stanford University transferred the management of its bookstore's retail stores to Follett Higher Education Group. Concurrent with this transaction, the bookstore sold all merchandise inventories and certain other assets to Follett Higher Education Group at net book value and ceased its retail operations. Subsequent to July 1, 1999, the bookstore's operations consisted of winding down its retail operations and leasing certain facilities to Follett. The bookstore donated substantially all of its remaining assets to the university.
About
Stanford University Bookstore is an irc section 501(c)(3) organization and under its original articles of incorporation was deemed to be a public support organization. On July 1, 1999 Stanford University transferred the management of its bookstore's retail stores to Follett Higher Education Group. The bookstore's operations consisted of winding down its retail operations and leasing certain facilities to Follett. Since Stanford University Bookstore is no longer operating a bookstore (see Schedule O) the articles of incorporation have been amended and restated to reflect its current status which is still a 501(c)(3) organization but under the supporting organization definition of section 509(a)(3).
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “None”.
When explaining its duties, they were described as: “On july 1, 1999 stanford university transferred the managementof its bookstore's retail stores to follett higher education group. concurrent with this transaction, the bookstore sold all merchandise inventories and certain other assets to follett higher education group at net book value and ceased its retail operations. subsequent to july 1, 1999, the bookstore's operations consisted of winding down its retail operations and leasing certain facilities to follett. the bookstore donated substantially all of its remaining assets to the university.”.
- The state in which the non-profit is authorized to operate legally is CA.
- According to the filing, the address of the non-profit for the year 2020 is 505 BROADWAY 6TH FLOOR MC2065, REDWOOD CITY, CA, 94063.
- The non-profit has reported 0 employees on their form for the year 2020.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is -$5,164.
- The organization has 0 independent voting members.
- The organization was formed in 1998.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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