Aztec Shops Ltd is a 501(c)(3) organization based in San Diego, California, registered in 1953, with $86,782,964 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
Revenue (FY2023)
$86.8M
▲ 7.4% vs prior year
Education median: $200K
Expenses (FY2023)
$78.6M
Net assets
$33.5M
Employees
1,997
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Aztec Shops Ltd: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aztec Shops Ltd: 5 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Aztec Shops Ltd: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aztec Shops Ltd: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Provide supportive commercial services for san diego state university, (see schedule o)including bookstore, dining services and student housing operations.
Student apartmentsaztec shops owns several apartment complexes adjacent to san diego state university. all tenants in the apartments during the 2023-24 academic year were sdsu students, with approximately 90% of the units rented directly by the university for use by its office of housing administration.
Campus storesthe sdsu bookstore is one of the largest volume campus bookstores in the country. the 25,000 square foot facility provides course materials for every class taught at san diego state university. aztec shops also operates the aztec store at our imperial valley campus in calexico, california. through the bookstore, satellite store, and its website, aztec shops is the preferred provider of sdsu imprinted clothing and merchandise for current students as well as more than 200,000 living alumni of san diego state university.
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 students of san diego state during the 2023-2024 academic year, providing a living environment fostering academic excellence and personal growth.
Revenue grew from $40.0M (FY2013) to $86.8M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
9.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$201.8M
Total liabilities
$168.3M
Net assets
$33.5M
Salaries & benefits
$28.9M
37% of expenses
Board members
12
7 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $86,782,964▲7.4% | $78,557,414▲15.3% | $33,453,167▲32.6% | $201,763,575▲28.3% | 990 |
| 2022 | $80,839,776▲69.2% | $68,129,234▲65.8% | $25,227,617▲90.4% | $157,300,395▲54.3% | 990 |
| 2021 | $47,783,129▲64.7% | $41,089,688▲38.5% | $13,249,138▲102% | $101,965,757▲4.0% | 990 |
| 2020 | $29,018,122▼31.9% | $29,664,583▼33.2% | $6,555,697▼9.0% | $98,008,748▼0.2% | 990 |
| 2019 | $42,587,259▼13.2% | $44,379,578▼8.1% | $7,202,158▼19.9% | $98,212,583▼3.3% | 990 |
| 2018 | $49,053,989▲0.4% | $48,288,592▲9.7% | $8,994,477▲9.3% | $101,601,805▼0.1% | 990 |
| 2017 | $48,856,248▲7.0% | $44,008,805▲4.1% | $8,229,080▲143% | $101,693,959▲2.6% | 990 |
| 2016 | $45,669,543▲4.6% | $42,257,803▼6.9% | $3,381,637▲11334% | $99,105,731▼3.3% | 990 |
| 2015 | $43,681,963▲2.4% | $45,410,934▲4.3% | -$30,103▼102% | $102,539,042▼1.7% | 990 |
| 2014 | $42,648,150▲6.8% | $43,548,795▲13.7% | $1,698,868▼39.0% | $104,347,696▲4.4% | 990 |
| 2013 | $39,950,719 | $38,295,739▲28.0% | $2,785,519▲140% | $99,915,811▲7.2% | 990 |
| 2012 | — | $29,920,003▼16.8% | $1,160,450▲136% | $93,172,857▲40.1% | 990 |
| 2011 | — | $35,959,447▲14.4% | -$3,256,021▼249% | $66,521,673▲1.9% | 990 |
| 2010 | — | $31,432,776▼5.8% | -$932,100▼124% | $65,276,446▼1.2% | 990 |
| 2009 | — | $33,378,619 | -$415,213 | $66,098,042 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Todd Summer — $270,133 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Todd Summer | Chief Executive Officer | 40 | $270,133 |
| Jahan Jamshidi | Director It | 40 | $223,719 |
| Robert Williams | Director Business Development | 40 | $207,093 |
| Heather Hawkins | Chief Financial Officer | 40 | $180,443 |
| Jennifer Lakin | Director Human Resources | 40 | $179,441 |
| Kathy Brown | Director Campus Stores | 40 | $177,850 |
| Paul Melchior | Director Dining Services | 40 | $149,184 |
| Thomas Tazbaz | Director Dining Services | 40 | $127,339 |
| Anges Wong Nickerson | Sec/treasurer (sdsu Emp) | 2 | — |
| Brittany Santos-derieg | Board Member (sdsu Emp) | 2 | — |
| Carl Winston | Chairperson (sdsu Emp) | 2 | — |
| Christy Samarkos | Brd Member (sdsu Emp) - Thru 04/2024 | 2 | — |
| Dr Chris Manning | Univ Board Member - As of 04/2024 | 2 | — |
| Elliot Scott | Comm. Board Member - As of 09/2023 | 2 | — |
| J Luke Wood | Former Board Member (sdsu Emp) | 2 | — |
| Katarina Hernandez | Student Vice Chair - As of 05/2024 | 2 | — |
| Kellen Brown | Student Board Member - As of 09/2023 | 2 | — |
| Leanne Locano | Student Board Member | 2 | — |
| Leilani Anderson | Student Board Member | 2 | — |
| Nikhil Varaiya | Board Member (sdsu Emp) | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| American Campus Comm | Apartment Management | $1,517,041 |
| The Ups Store 7411 | Mail Management | $1,162,516 |
| Extreme Roofing of San Diego | Contractor Services | $1,072,895 |
| Dm Construction & Concrete Inc | Contractor Services | $1,047,727 |
| Eric J Epifano | Contractor Services | $928,074 |
2 grants totaling $870K in FY2023. All grants made by Aztec Shops Ltd →
| Recipient | Purpose | Amount |
|---|---|---|
| San Diego State University | General support | $810,000 |
| Associated Students of San Diego State University | General support | $60,000 |
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Data for Aztec Shops Ltd (EIN 95-0516240) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.