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Forty-Niner Shops INC EIN 95-1782943

Forty-Niner Shops INC

EIN  95-1782943 Supporting organization Long Beach, CA Founded 1953
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/9/26 · see original filing: IRS
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Size
$10–100M
What they do
Supports student learning and success at CSU Long Beach through goods, services, training, and funding.
Leadership
Clint Campbell · Associate Executive Director · $183K
Money in and out
$24.9M revenue, $21.3M expenses
Bottom line
+14% net inflow

Supports student learning and success at CSU Long Beach through goods, services, training, and funding. For fiscal year 2025 it reported $24.9M in revenue, $21.3M in expenses, and $16.8M in net assets.Pt I

Money in and out · FY2025
Total revenue
$24.9M
Pt VIII · Ln 12
Total expenses
$21.3M
Pt IX · Ln 25
Net assets
$16.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.6M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Net inflow
+14%
revenue over expenses, this year▲ +5% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
78%
of expenses reach stated programs▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$24.9M
FY2025▲ +15%
Expenses
$21.3M
FY2025▲ +14%
Total assets
$30.0M
FY2025▲ +5%
Total liabilities
$13.2M
FY2025▲ +6%
Total revenue
$24.9M
Pt VIII · Ln 12
Total expenses
$21.3M
Pt IX · Ln 25
Net assets
$16.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.6M
Total assetsPt X · Ln 16$30.0M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $15.4M of program spending, described in the organization's own filed words · FY2024.
01

Residential Dining

Beach shops operates two on-campus residential dining halls, parkside & hillside, and one off-campus beachside dining hall located just a few miles from csulb. Each facility has similar menus that are based on a 5-WEEK cycle and are complimented with an "all-you-care-to-eat" hot-food bar, deli and salad bar, fresh fruit, soups, and…

$7.2Mprogram expense
02

University Bookstore

Where students can purchase school supplies, logo apparel, computers, course supplies and textbooks. Art store; where students can find everything they need for academic art projects including: photography, painting, drawing, ceramics, print making, and general books.

$5.0Mprogram expense
03

Retail Dining

Retail restaurants on campus that provide a wide variety of cuisines and beverage choices including: the nugget grill & pub, outpost grill, & caffeine lab.

$3.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForty-Niner Shops INC
EINHdr · item D95-1782943
Principal addressHdr · item CLong Beach, CA
WebsiteHdr · item Jwww.shopthebeach.com
Year of formationHdr · item L1953
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B800)
Ruling yearIRS BMFJan 1955

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Clint Campbell
Associate Executive Director
$182,527Pt VII · Sec A
Rosa Hernandez
Chief Human Resources Officer
$181,597Pt VII · Sec A
$181,495Pt VII · Sec A
Cynthia Farrington
Chief Business Officer
$159,764Pt VII · Sec A
Majid Zahedi
Director of Information Technology
$141,630Pt VII · Sec A
Alfredo Macias
Director, Residential Dining
$135,598Pt VII · Sec A
Miles Nevin
Associate VP & Executive Director
$131,249Pt VII · Sec A
Thomas Collier
Controller
$119,654Pt VII · Sec A

Clint Campbell’s $183K as Associate Executive Director is at the 30th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Robert Dewit———$188,300$225,594
Clint Campbell$182,527$172,356$163,655$150,532$162,831
Rosa Hernandez$181,597————
Gordon Copley Term May 2024$181,495————
Gordon Copley—$179,807$81,957——
Rosa Henderson—$172,356$164,192$142,173$142,056
Cynthia Farrington$159,764$143,700$130,748$116,108$117,340
Majid Zahedi$141,630$126,116$111,057$100,945$110,056

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue$22.6M · 91%
Program service revenue$1.9M · 8%
Investment income$440K · 2%
Other revenue91%$22.6M
Program service revenue8%$1.9M
Investment income2%$440K
Total revenueLn 12$24.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$16.7M
Management & general22%$4.6M
Total functional expensesLn 25$21.3M

Balance Sheet

Part X · end of year
CashLn 1$9.6M
Total assetsLn 16$30.0M
Total liabilitiesLn 26$13.2M
Total net assetsLn 32$16.8M
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21.7M · Operating expenses/yr $21.3M
12.2 months
Where the money goes
Program services
Program services $16.7M · Total expenses $21.3M
78%
Management & General
Management & general $4.6M · Total expenses $21.3M
22%
Fundraising
Fundraising $0 · Total expenses $21.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $25K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $24.9M
0%
Government reliance
Government grants — · Total revenue $24.9M
—
Earned-income share
Program service revenue $1.9M · Total revenue $24.9M
8%
Investment reliance
Investment income $440K · Total revenue $24.9M
+2%
Program self-sufficiency
Program service revenue $1.9M · Total expenses $21.3M
9%
Growth & trend
Revenue growth (YoY)
This year $24.9M · Prior year $21.6M
+15%
Revenue CAGR
FY2020 $8.5M · FY2024 $24.9M
+31%
Net-asset trend (YoY)
End of year $16.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24.9M · Expenses $21.3M
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $30.0M
—
Net-asset ratio
Net assets $16.8M · Total assets $30.0M
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11.2M · Other securities (Pt X, ln 12) $875K · Total assets (Pt X, ln 16) $30.0M
40%
People & payroll
Highest Reported Total Compensation
Individual Clint Campbell · Reported title ASSOCIATE EXECUTIVE DIRECTOR · Highest reported compensation $183K · Total expenses $21.3M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14.1M · Total expenses $21.3M
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——
Revenue growth 15%——
Investment management fee ratio 0%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $240K · 2020–2024
California State University Long BeachFY2024$30,000
California State University Long BeachFY2023$25,000
California State University Long BeachFY2022$25,000
Cal State Univ Long BeachFY2021$70,891
Cal State Univ Long BeachFY2020$89,033

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$24.9M revenue · viewing · ⤓ 990 PDF
FY2024$21.6M revenue · ⤓ 990 PDF
FY2023$19.4M revenue · ⤓ 990 PDF
FY2022$18.7M revenue · ⤓ 990 PDF
FY2021$8.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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