SIGNATURE... THE ORIGINAL RETURN SHOULD BE SIGNED (USING FULL NAME AND TITLE) AND DATED ON PAGE 2 BY AN AUTHORIZED OFFICER OF THE ORGANIZATION.

Transcription

1 .. Audit Tax Advisory Grant Thornton LLP 515 South Flower Street 7th Floor Los Angeles, CA T F NSTRUCTONS FOR FLNG ASSOCATED STUDENTS OF SAN DEGO STATE UNVERSTY FORM 990T - EXEMPT ORGANZATON BUSNESS RETURN FOR THE PEROD ENDED JUNE 30, 2017 ************************* SGNATURE... THE ORGNAL RETURN SHOULD BE SGNED (USNG FULL NAME AND TTLE) AND DATED ON PAGE 2 BY AN AUTHORZED OFFCER OF THE ORGANZATON. FLNG... THE SGNED RETURN SHOULD BE FLED ON OR BEFORE MAY 15, 2018 WTH... PAYMENT OF TAX... NO PAYMENT OF TAX S REQURED. DEPARTMENT OF THE TREASURY NTERNAL REVENUE SERVCE CENTER OGDEN, UT ************************* Grant Thornton LLP US member firm of Grant Thornton nternational Ltd XJ

2 Exempt Organization Business ncome Tax Return OMB No Form 990-T (and proxy tax under section 6033(e)) Department of the Treasury nternal Revenue Service Open A Check box if address changed 529(a) C Book value of all assets at end of year For calendar year 2016 or other tax year beginning 07/01, 2016, and ending 06/30, À¾µº nformation about Form 990-T and its instructions is available at to Public nspection for Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c). 501(c) Organizations Only Name of organization ( Check box if name changed and see instructions.) D F City or town, state or province, country, and ZP or foreign postal code Group exemption number (See instructions.) Employer identification number (Employees' trust, see instructions.) ASSOCATED STUDENTS OF SAN DEGO STATE B Exempt under section UNVERSTY X 501( C )( 3 ) Print Number, street, and room or suite no. f a P.O. box, see instructions or 408(e) 220(e) E Type 408A 530(a) 5500 CAMPANLE DRVE Unrelated business activity codes (See instructions.) G Check organization type 501(c) corporation 501(c) trust 401(a) trust Other trust H Describe the organization's primary unrelated business activity. m m m m m m m During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? Yes No f "Yes," enter the name and identifying number of the parent corporation. J The books are in care of Telephone number Part Unrelated Trade or Business ncome (A) ncome (B) Expenses (C) Net 1a Gross receipts or sales b Less returns and allowances c Balance 1c 2 Cost of goods sold (Schedule A, line 7) 2 3 4a b c Gross profit. Subtract line 2 from line 1c Capital gain net income (attach Schedule D) Net gain (loss) (Form 4797, Part, line 17) (attach Form 4797) Capital loss deduction for trusts ncome (loss) from partnerships and S corporations (attach statement) Rent income (Schedule C) m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m Unrelated debt-financed income (Schedule E) nterest, annuities, royalties, and rents from controlled organizations (Schedule F) nvestment income of a section 501(c)(7), (9), or (17) organization (Schedule G) Exploited exempt activity income (Schedule ) Advertising income (Schedule J) Other income (See instructions; attach schedule) 13 Total. Combine lines 3 through 12 Part ,006,454. X m m m m m m m m m m m m m m m m m m m m m 3 4a 4b 4c ,533,860. 4,533,860. Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions, deductions must be directly connected with the unrelated business income.) Compensation of officers, directors, and trustees (Schedule K) Salaries and wages m m m Repairs and maintenance Bad debts m m m m m m m m nterest (attach schedule) Taxes and licenses m m m m m m m m m m m m m m m m m m m m Charitable contributions (See instructions for limitation rules) m m m m m m m m m m m m m m m m Depreciation (attach Form 4562) m m m m m m m m m m m m m m m m m ,221. Less depreciation claimed on Schedule A and elsewhere on return 22a Depletion m m m m m m m m m m m m m m m m m m Contributions to deferred compensation plans Employee benefit programs m m m m Excess exempt expenses (Schedule ) Excess readership costs (Schedule J) Other deductions (attach schedule) m m m Total deductions. Add lines 14 through 28 m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13 Net operating loss deduction (limited to the amount on line 30) m m m m m m m m m m m m m m Unrelated business taxable income before specific deduction. Subtract line 31 from line 30 Specific deduction (Generally $1,000, but see line 33 instructions for exceptions) m m m m m m m m m m m m m m m m Unrelated business taxable income. Subtract line 33 from line 32. f line 33 is greater than line 32, enter the smaller of zero or line 32 m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m b 27 ATTACHMENT ,057,233. For Paperwork Reduction Act Notice, see instructions. Form 990-T (2016) 6X JSA SAN DEGO, CA STUDENT SERVCES CARLOS CAREAGA ,533,860. ATCH 1 4,533, X 2,002, , , ,911. 5,192, , ,721. 1, ,721.

3 Form 8868 Application for Automatic Extension of Time To File an (Rev. January 2017) Exempt Organization Return OMB No Department of the Treasury File a separate application for each return. nternal Revenue Service nformation about Form 8868 and its instructions is at Electronic filing (e-file). You can electronically file Form 8868 to request a 6-month automatic extension of time to file any of the forms listed below with the exception of Form 8870, nformation Return for Transfers Associated With Certain Personal Benefit Contracts, for which an extension request must be sent to the RS in paper format (see instructions). For more details on the electronic filing of this form, visit click on Charities & Non-Profits, and click on e-file for Charities and Non-Profits. Automatic 6-Month Extension of Time. Only submit original (no copies needed). All corporations required to file an income tax return other than Form 990-T (including 1120-C filers), partnerships, REMCs, and trusts must use Form 7004 to request an extension of time to file income tax returns. Type or print File by the due date for filing your return. See instructions. Name of exempt organization or other filer, see instructions. ASSOCATED STUDENTS OF SAN DEGO STATE UNVERSTY Number, street, and room or suite no. f a P.O. box, see instructions CAMPANLE DRVE City, town or post office, state, and ZP code. For a foreign address, see instructions. SAN DEGO, CA Enter the Return Code for the return that this application is for (file a separate application for each return) Application s For Form 990 or Form 990-EZ Form 990-BL Form 4720 (individual) Form 990-PF Form 990-T (sec. 401(a) or 408(a) trust) Form 990-T (trust other than above) The books are in the care of Telephone No. Return Code Application s For Form 990-T (corporation) Form 1041-A Form 4720 (other than individual) Form 5227 Form 6069 Form 8870 Enter filer's identifying number, see instructions Employer identification number (EN) or Social security number (SSN) m m m m m m m m m m m m m m m m m m m m m m m m m m m Return Code Fax No. f the organization does not have an office or place of business in the United States, check this box f this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN). f this is m m m m m m m m m m m m m for the whole group, check this box. f it is for part of the group, check this box and attach a list with the names and ENs of all members the extension is for. 1 request an automatic 6-month extension of time until 05/15, 20 18, to file the exempt organization return for the organization named above. The extension is for the organization s return for: calendar year 20 or X tax year beginning 07/01, 20 16, and ending 06/30, f the tax year entered in line 1 is for less than 12 months, check reason: nitial return Final return Change in accounting period 3a f this application is for Forms 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions. 3a $ 0. b f this application is for Forms 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. nclude any prior year overpayment allowed as a credit. 3b $ 0. c Balance due. Subtract line 3b from line 3a. nclude your payment with this form, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions. 3c $ 0. Caution. f you are going to make an electronic funds withdrawal (direct debit) with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions. CARLOS CAREAGA 5500 CAMPANLE DRVE, SUTE 320 SAN DEGO CA For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 8868 (Rev ) JSA 6F COPY

4 Form 990-T (2016) Page 2 Part Tax Computation 35 Organizations Taxable as Corporations. See instructions for tax computation. Controlled group members (sections 1561 and 1563) check here See instructions and: a Enter your share of the $50,000, $25,000, and $9,925,000 taxable income brackets (in that order): $ $ $ b Enter organization's share of: Additional 5 tax (not more than $11,750) m m m m m m m $ $ Additional 3 tax (not more than $100,000) c ncome tax on the amount on line 34 m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 36 Trusts Taxable at Trust Rates. See instructions for tax computation. ncome tax on Tax rate schedule or Schedule D (Form 1041) 36 the amount on line 34 from: 37 Proxy tax. See instructions Alternative minimum tax m m m m m m m m m m m m m m m Tax on Non-Compliant Facility ncome. See instructions m m m m m Total. Add lines 37, 38 and 39 to line 35c or 36, whichever applies m m m m m m m m m m m m m m m m m m m m m m m m 40 Part V Tax and Payments 41 a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116)m 41a b Other credits (see instructions) m m m m m m m m m m m m m m m 41b c General business credit. Attach Form 3800 (see instructions) m 41c d Credit for prior year minimum tax (attach Form 8801 or 8827)m m m m m m m m m m m m 41d e Total credits. Add lines 41a through 41d 41e 42 Subtract line 41e from line 40 m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m Other taxes. Check if from: Form 4255 Form 8611 Form 8697 Form 8866 Other (attach schedule) Total tax. Add lines 42 and 43 m m m m m m m m m m m m m m m m m m m m m m m m m a Payments: A 2015 overpayment credited to a b 2016 estimated tax payments 45b c Tax deposited with Form 8868 m m m m m m m m m m m m m m m m m m m m 45c d Foreign organizations: Tax paid or withheld at source (see instructions) 45d e Backup withholding (see instructions) m m m m m m m m m m m m m m m m m 45e f Credit for small employer health insurance premiums (Attach Form 8941) m m m m m m 45f g Other credits and payments: Form 2439 Other Form 4136 Total 45g 46 Total payments. Add lines 45a through 45g m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m Tax due. f line 46 is less than the total of lines 44 and 47, enter amount owed m m m m m Overpayment. f line 46 is larger than the total of lines 44 and 47, enter amount overpaid m m m m m m m m m m m m Enter the amount of line 49 you want: Credited to 2017 estimated tax Refunded 50 Part V Statements Regarding Certain Activities and Other nformation (see instructions) 51 At any time during the 2016 calendar year, did the organization have an interest in or a signature or other authority 47 Estimated tax penalty (see instructions). Check if Form 2220 is attached m m m m m m m m m m m m m m m m m m over a financial account (bank, securities, or other) in a foreign country? f YES, the organization may have to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts. f YES, enter the name of the foreign country here 52 During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? M f YES, see instructions for other forms the organization may have to file. 53 Enter the amount of tax-exempt interest received or accrued during the tax year $ Sign Here Paid M 35c m m m m m Under penalties of perjury, declare that have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. May the RS discuss this return with the preparer shown below Signature of officer Date Title (see instructions)? Yes No Print/Type preparer's name Preparer's signature Date PTN Check if self-employed ROSEMARE BROWN P GRANT THORNTON LLP Firm's address 515 S. FLOWER STREET, 7TH FLOOR, LOS ANGELES, CA Preparer Firm's name Firm's EN Use Only Phone no. X Yes 0. No X X Form 990-T (2016) JSA 6X

5 1 nventory at beginning of year 1 6 nventory at end of year m m m m m m m m m 6 2 Purchases m 2 7 Cost of goods sold. Subtract line 3 Cost of labor m m m m m m m m m 3 6 from line 5. Enter here and in 4 a Additional section 263A costs Part, line 2 m m m m m m m m m m m m m m m 7 (attach schedule) m m m m m m m 4a 8 Do the rules of section 263A (with respect to Yes No Form 990-T (2016) Page 3 Schedule A - Cost of Goods Sold. Enter method of inventory valuation m b Other costs (attach schedule) 4b property produced or acquired for resale) apply 5 Total. Add lines 1 through 4b to the organization? Schedule C - Rent ncome (From Real Property and Personal Property Leased With Real Property) (see instructions) 1. Description of property 5 m m m m m m m m m m m m m m m m m m m m X (a) From personal property (if the percentage of rent for personal property is more than 10 but not more than 50) 2. Rent received or accrued (b) From real and personal property (if the percentage of rent for personal property exceeds 50 or if the rent is based on profit or income) 3(a) Deductions directly connected with the income in columns 2(a) and 2(b) (attach schedule) Total Total (b) Total deductions. (c) Total income. Add totals of columns 2(a) and 2(b). Enter here and on page 1, Part, line 6, column (A) m m m m m Part, line 6, column (B) Schedule E - Unrelated Debt-Financed ncome (see instructions) 1. Description of debt-financed property 4. Amount of average acquisition debt on or allocable to debt-financed property (attach schedule) 5. Average adjusted basis of or allocable to debt-financed property (attach schedule) 2. Gross income from or allocable to debt-financed property 6. Column 4 divided by column 5 3. Deductions directly connected with or allocable to debt-financed property (a) Straight line depreciation (attach schedule) 7. Gross income reportable (column 2 x column 6) Part, line 7, column (A). Totals m m m m m m m m m m m m m m m m m m m m m m m m m Total dividends-received deductions included in column 8 m m m m m m m m m m m m m m m m m m m m m m m m m m m m m (b) Other deductions (attach schedule) 8. Allocable deductions (column 6 x total of columns 3(a) and 3(b)) Part, line 7, column (B). Form 990-T (2016) JSA 6X

6 Form 990-T (2016) Page 4 Schedule F - nterest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions) Exempt Controlled Organizations 1. Name of controlled organization 2. Employer identification number 3. Net unrelated income (loss) (see instructions) 4. Total of specified payments made 5. Part of column 4 that is included in the controlling organization's gross income 6. Deductions directly connected with income in column 5 Nonexempt Controlled Organizations 7. Taxable ncome 8. Net unrelated income (loss) (see instructions) 9. Total of specified payments made 10. Part of column 9 that is included in the controlling organization's gross income Add columns 5 and 10. Part, line 8, column (A). Totals m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m Schedule G - nvestment ncome of a Section 501(c)(7), (9), or (17) Organization (see instructions) 1. Description of income 2. Amount of income Totals m m m m m m m m m m m m Part, line 9, column (A). 3. Deductions directly connected (attach schedule) 4. Set-asides (attach schedule) Schedule - Exploited Exempt Activity ncome, Other Than Advertising ncome (see instructions) 1. Description of exploited activity 2. Gross unrelated business income from trade or business 3. Expenses directly connected with production of unrelated business income 4. Net income (loss) from unrelated trade or business (column 2 minus column 3). f a gain, compute cols. 5 through Gross income from activity that is not unrelated business income 6. Expenses attributable to column Deductions directly connected with income in column 10 Add columns 6 and 11. Part, line 8, column (B). 5. Total deductions and set-asides (col. 3 plus col. 4) Part, line 9, column (B). 7. Excess exempt expenses (column 6 minus column 5, but not more than column 4). Totals m m m m m m m m m m m m Enter here and on page 1, Part, line 10, col. (A). Enter here and on page 1, Part, line 10, col. (B). Schedule J - Advertising ncome (see instructions) ncome From Periodicals Reported on a Consolidated Basis Part Enter here and on page 1, Part, line Name of periodical 2. Gross advertising income 3. Direct advertising costs 4. Advertising gain or (loss) (col. 2 minus col. 3). f a gain, compute cols. 5 through Circulation income 6. Readership costs 7. Excess readership costs (column 6 minus column 5, but not more than column 4). Totals (carry to Part, line (5)) m m Form 990-T (2016) JSA 6X

7 Form 990-T (2016) Page 5 Part ncome From Periodicals Reported on a Separate Basis (For each periodical listed in Part, fill in columns 2 through 7 on a line-by-line basis.) 1. Name of periodical Totals from Part Totals, Part (lines 1-5) m m m m m m m m m m m 2. Gross advertising income Enter here and on page 1, Part, line 11, col (A). 3. Direct advertising costs Enter here and on page 1, Part, line 11, col (B). 4. Advertising gain or (loss) (col. 2 minus col. 3). f a gain, compute cols. 5 through 7. Schedule K - Compensation of Officers, Directors, and Trustees (see instructions) 1. Name 2. Title 5. Circulation income 3. Percent of time devoted to business Total. Part, line 14 m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m 6. Readership costs 7. Excess readership costs (column 6 minus column 5, but not more than column 4). Enter here and on page 1, Part, line Compensation attributable to unrelated business Form 990-T (2016) JSA 6X

8 ATTACHMENT 1 PART - LNE 12 - OTHER NCOME UNRELATED USE OF STUDENT PROGRAMS 4,533,860. PART - LNE 12 - OTHER NCOME 4,533,860. ATTACHMENT 1

9 ATTACHMENT 2 FORM 990T - PART - LNE 28 - TOTAL OTHER DEDUCTONS SUPPLES UTLTES 114, ,587. NSURANCE 49,367. TRAVEL SERVCES 13, ,993. PROMOTONS 18,165. RESALE MERCHANDSE 3,086. EQUPMENT & LH FACLTY ADMN 43, ,645. CORPORATE ADMN ADMNSTRATVE 524,170. 7,229. MSCELLENEOUS 105,016. PART - LNE 28 - OTHER DEDUCTONS 2,057,233. ATTACHMENT 2

10 ASSOCATED STUDENTS OF SAN DEGO STATE UNVERSTY FYE 6/30/2017 FEN: FORM 990T NET OPERATNG LOSS STATEMENT (A)YEAR OF LOSS NET OPERATNG LOSS GENERATED LOSS PREVOUSLY APPLED LOSS REMANNG CARRYOVER TO NEXT YEAR 6/30/ , , ,273 6/30/ , , ,319 6/30/ , , ,712 6/30/ ,351-48,351 48,351 6/30/ ,125-89,125 89,125 6/30/ ,135-37,135 37,135 6/30/ ,055-95,055 95,055 6/30/ , , ,348 6/30/ , , ,331 6/30/ , , ,507 6/30/ , , ,600 6/30/ , , ,721 NOL CARRYOVER TO NEXT YEAR 3,622,477 3,622,477