2026-04-22T11:09:08-05:00 2025-06-30 952302617 SINGERLEWAK LLP 1255 LEE ST SE SUITE 210 SALEM OR 97302 990 2024-07-01 931248795 OREGON STATE UNIVERSITY BOOKSTORE INC OREG 5417374323 PO BOX 489 CORVALLIS OR 97339 ROSS HOLLIDAY CFO 5417374323 2026-04-20 1 0 DAVID DELMORE P01262760 5035857751 2026-04-20 2024 2025-03-06 01:10:19Z OSU BEAVER STORE STEVE ECKRICH PO BOX 489 CORVALLIS OR 97339 14026047 0 X WWW.OSUBEAVERSTORE.COM X 1914 OR MAINTAIN AND OPERATE UNIVERSITY STORES FOR STUDENTS AND EMPLOYEES OF OREGON STATE UNIVERSITY. 9 8 114 0 1672478 0 0 0 9788547 9364938 189561 195030 2023344 2224469 12001452 11784437 0 0 0 0 3066031 3049235 0 0 0 8030490 8280705 11096521 11329940 904931 454497 22933371 22794110 5121493 4678682 17811878 18115428 MAINTAIN AND OPERATE UNIVERSITY STORES FOR STUDENTS AND EMPLOYEES OF OREGON STATE UNIVERSITY. 0 0 10477272 9364938 SALE OF BOOKS, SUPPLIES AND OTHER MERCHANDISE. 10477272 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 114 1 1 1 0 0 0 1 1 0 0 0 0 0 X 9 8 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X ROSS HOLLIDAY CFO 5417370047 663 SW 26TH STREET CORVALLIS OR 97339 STEVE ECKRICH PRESIDENT/CEO 40.00 X X 324384 0 29298 JUSTIN FLEMING BOARD CHAIR 1.00 X 0 0 0 AMY BOURNE DIRECTOR 1.00 X 0 0 0 ASHLEY TEAGUE DIRECTOR THRU 4/2025 1.00 X 0 0 0 KATIE WAGNER DIRECTOR 1.00 X 0 0 0 KEVIN BROWN DIRECTOR 1.00 X 0 0 0 LUKE DOBREAN DIRECTOR THRU 4/2025 1.00 X 0 0 0 MICHAEL BOURNE DIRECTOR 1.00 X 0 0 0 ALAN FUDGE DIRECTOR 1.00 X 0 0 0 NAIYA GATES DIRECTOR 1.00 X 0 0 0 AUDREY SCHLOTTER DIRECTOR THRU 4/2025 1.00 X 0 0 0 RYAN CHIN DIRECTOR 1.00 X 0 0 0 ROSS HOLLIDAY SECRETARY/CFO 40.00 X 143876 0 25820 ERIK ANDERSON CHIEF OPERATING OFFICER 40.00 X 169357 0 10161 JAMES HOWARD CHIEF ACADEMIC MATERIALS O 40.00 X 127169 0 35910 JERI BURGER CHIEF HUMAN RESOURCES OFFICER 40.00 X 123911 0 23082 TORSTEN PIHL IT DIRECTOR 40.00 X 107095 0 15354 995792 0 139625 6 0 1 0 0 NET PROGRAM SALES 459900 9364938 9364938 9364938 200613 200613 1405782 903810 501972 501972 501972 5583 -5583 -5583 -5583 2955650 1332217 1623433 1623433 FEES & COMMISSION 459210 50019 50019 MISCELLANEOUS REVENUE 459210 25886 25886 PARKING & FEES 459210 23159 23159 99064 11784437 9364938 1672478 747021 493786 24689 469097 2013746 1822899 190847 68223 28627 39596 263700 225822 37878 209780 154116 55664 371 371 59215 59215 36648 36648 104397 104397 115393 115393 269073 269073 528276 528276 51738 51738 4900 4900 145408 145408 284580 284580 68295 68295 COST OF GOODS SOLD 6336147 6336147 CREDIT CARD DISCOUNT 273498 273498 UBI INCOME TAX EXPENSE 2766 2766 11329940 10477272 852668 0 2688287 2482667 2828102 3757168 248583 220721 1985558 1573983 154334 137855 25054962 10596362 14786928 14458600 241579 163116 22933371 22794110 870851 859721 4002570 3648595 248072 170366 5121493 4678682 X 0 0 0 0 17811878 18115428 17811878 18115428 22933371 22794110 X 454497 -150947 X X 0 1 X 1 0 X 627400 630835 1258235 6401353 9531486 8308730 9788547 9364938 43395054 7028753 10162321 8308730 9788547 9364938 44653289 0 377832 37501 79821 30424 525578 377832 37501 79821 30424 525578 44127711 1116644 1261406 1412694 1598053 1606395 6995192 1116644 1261406 1412694 1598053 1606395 6995192 102995 188536 23537 315068 92680 80133 41572 46346 57110 317841 8238077 11503860 9865991 11621482 11051980 52281390 0.84400 0.84390 0.13380 0.12630 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FEES COMMISSIONS AND OTHER 1759531 1759531 20781082 8408526 12372556 206281 186121 20160 2090368 2001715 88653 217700 217700 14458600 INCOME TAXES PAYABLE 766 LEASE LIABILITIES 169600 170366 X 14021061 597 597 14020464 -2236027 -2236027 11784437 13717512 2387572 2387572 11329940 0 11329940 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE BEAVER STORE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE BEAVER STORE RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AS OF JUNE 30, 2025 AND 2024, THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DISPOSITION DIFFERENCE 597. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI COGS NETTED WITH REVENUE -1,332,217. RENTAL EXPENSES NETTED WITH REVENUE -951,240. BOOK/TAX DEPRECIATION - RENTAL 47,430. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION - OTHER 78,635. UBI COGS NETTED WITH REVENUE 1,332,217. RENTAL EXPENSES NETTED WITH REVENUE 951,240. CHANGE IN ACCRUED PAYROLL 25,480. X X X 0 0 0 0 0 0 0 0 0 STEVE ECKRICH PRESIDENT/CEO 308806 0 15378 0 200 0 19696 0 9602 0 353682 0 0 0 ERIK ANDERSON CHIEF OPERATING OFFICER 149257 0 20000 0 100 0 10161 0 0 0 179518 0 0 0 ROSS HOLLIDAY SECRETARY/CFO 128876 0 15000 0 0 0 8970 0 16851 0 169697 0 0 0 JAMES HOWARD CHIEF ACADEMIC MATERIALS O 112169 0 15000 0 0 0 8185 0 27726 0 163080 0 0 0 JERI BURGER CHIEF HUMAN RESOURCES OFFICER 108911 0 15000 0 0 0 4465 0 18617 0 146993 0 0 0 A STATE OF OREGON 936001787 000000000 2012-08-15 8000000 CONSTRUCTION, IMPROVEMENT AND ACQUISITION OF A RETAIL STORE. 0 0 0 A 7274101 153304 7120797 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 WELLS FARGO BANK 20.000000000000 1 0 0 0 1 A 1 PART II LINE 3 - DIFFERENCE BETWEEN ISSUE PRICE AND PROCEEDS PROCEEDS OF THE ISSUE IN PART II LINE 3 DIFFER FROM ISSUE PRICE IN PART I COLUMN E BECAUSE THE ISSUE PRICE OF $8,000,000 WAS AUTHORIZED FOR BORROWING WHILE ONLY $7,274,101 WAS ACTUALLY BORROWED. PART IV LINE 2 - ARBITRAGE NO PROCEEDS WERE RECEIVED IN EXCESS OF AMOUNTS USED FOR CONSTRUCTION. NO PROCEEDS WERE AVAILABLE FOR INVESTING THEREFORE NO ARBITRAGE EXISTED. PART IV LINES 3 & 4 - VARIABLE RATE ISSUE/HEDGE UP TO $7,000,000 OF THE BOND PROCEEDS ARE HEDGED WITH AN INTEREST RATE SWAP FOR THE ENTIRE TERM OF THE BOND. THIS EFFECTIVELY MAKES AMOUNTS BORROWED UP TO $7,000,000 A FIXED RATE LOAN, AND AMOUNTS BORROWED OVER $7,000,000 A VARIABLE RATE LOAN. FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS ARE RELATED. DIRECTORS AMY BOURNE AND MICHAEL BOURNE ARE MOTHER AND SON, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT INCLUDE THE STUDENTS AND EMPLOYEES OF OREGON STATE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT 6 OF THE 10 MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE ORGANIZATION'S BYLAWS RECOMMENDED BY THE BOARD OF DIRECTORS ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, REVIEWED BY THE ORGANIZATION'S CFO AND CEO, AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY OFFICERS AND DIRECTORS INDICATING THAT THEY HAVE READ THE POLICY AND UNDERSTAND THE CONFLICTS THAT ARE REQUIRED TO BE DISCLOSED ON AN ONGOING BASIS. POTENTIAL CONFLICTS ARE DISCLOSED TO THE PRESIDENT OR THE BOARD CHAIR. THE BOARD REVIEWS ANY POTENTIAL CONFLICTS AND DETERMINES APPROPRIATE RESTRICTIONS ON THE CONFLICTED PERSON ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE CEO EVALUATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE, AND, AT A MINIMUM OF EVERY THIRD YEAR, PREPARES A REBUTTABLE PRESUMPTION CHECKLIST TO ENSURE THAT THE COMPENSATION OF THE CEO APPEARS REASONABLE BASED ON PERFORMANCE AND WHEN COMPARED WITH SIMILARLY SITUATED EXECUTIVES. ALL MEMBERS OF THE CEO EVALUATION COMMITTEE ARE INDEPENDENT PERSONS WITH RESPECT TO THE CEO, AND THE COMMITTEE'S CONTEMPORANEOUSLY DOCUMENTED DECISIONS CONSIDER AT LEAST THREE SOURCES OF COMPARABILITY DATA. THIS PROCESS WAS LAST COMPLETED MARCH 15TH, 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. GOVERNING AND ORGANIZING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE AT THE CORPORATE OFFICE UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK TAX DEPRECIATION DIFFERENCE -126,064. ACCRUED PAYROLL -25,479. BOOK LOSS ON ASSET DISPOSITION 596. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS.