Aztec Shops Ltd
Aztec Shops Ltd reported $94.5 million in revenue and $85.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.41 went to program services, $16.59 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 38.4% of the total. The highest compensation it reported for one person was $475,729 (SEC/TREASURER (SDSU EMP)). 38 people received more than $100,000 in reportable compensation. Revenue rose 122% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $86MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $94MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $475,729 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.55% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 38 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 4 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseDining services Aztec Shops is responsible for all restaurants and food service outlets serving almost 40,000 students, faculty and staff of san diego state university. The organization operates sdsu's meal plan program, residence hall dining programs, campus catering department, our own branded restaurants and convenience stores as well as food and beverage at snapdragon stadium
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| SEC/TREASURER (SDSU EMP) Director/trustee, officer, 2.00 hrs/week | $0 | $356,524 | $119,205 | $475,729 |
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $284,599 | $0 | $86,556 | $371,155 |
| UNIV BOARD MEMBER (SDSU EMP) Director/trustee, 2.00 hrs/week | $0 | $239,460 | $69,637 | $309,097 |
| BOARD MEMBER (SDSU EMP) Director/trustee, 2.00 hrs/week | $0 | $227,849 | $78,468 | $306,317 |
| DIRECTOR IT Key employee, 40.00 hrs/week | $220,850 | $0 | $47,617 | $268,467 |
| CHAIRPERSON (SDSU EMP) Director/trustee, officer, 2.00 hrs/week | $0 | $191,605 | $73,055 | $264,660 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $217,701 | $0 | $34,361 | $252,062 |
| DIR. REAL EST & BD - THRU 11/2024 Officer, 40.00 hrs/week | $204,126 | $0 | $23,612 | $227,738 |
38 people received more than $100,000 in reportable compensation from Aztec Shops Ltd (Part VII, line 2). Compensation of current officers, directors and key employees totaled $629K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52,250
- Volunteers Part I, line 67
Correct a figure or respond
Every number above is copied from Aztec Shops Ltd's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aztec Shops Ltd, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Aztec Shops Ltd spent in FY2025, $83.41 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Aztec Shops Ltd's spending goes to programs?
In the fiscal year ending June 30, 2025, Aztec Shops Ltd reported that 83.4% of its $85.9 million in expenses went to program services, 16.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Aztec Shops Ltd pay its top executive?
The largest total compensation Aztec Shops Ltd reported for one person in the fiscal year ending June 30, 2025 was $475,729, for the role of SEC/TREASURER (SDSU EMP) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Aztec Shops Ltd get its money?
Of $94.5 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 38.4% from program service revenue (Form 990, Part VIII).
Is Aztec Shops Ltd a registered charity?
The IRS lists EIN 95-0516240 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621189349302302 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501119349300790 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441289349301209 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321279349300017 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241229349301919 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131289349300718 · read the filing
All filings for EIN 95-0516240: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.