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IOWA STATE UNIVERSITY BOOK STORE
Annual Report 2022-23
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Rita Phillips, Director
Iowa State University Book Store
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Good morning, Iowa State University,
Our annual report expresses the ISU Book Store's unwavering commitment to Iowa State University's mission and values. The bookstore is dedicated to providing student-centered services, fostering innovation, and maintaining excellence in all operations. Acknowledging the significance of affordability in higher education, the ISU Book Store actively participates in efforts to alleviate the costs of course materials for students. The bookstore takes pride in its fiscal responsibility, evident in its recent annual report performance compared to other independent college stores.
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The ISU Book Store not only operates as a reliable source for students and Cyclone fans but also plays a crucial role in supporting Iowa State University. Funds generated from purchases at the bookstore stay on campus, reinforcing the commitment to local business and sustaining university initiatives. Operating independently allows the bookstore to make localized decisions, fostering a culture of independent and creative thought. The commitment extends beyond sales, with the bookstore providing valuable hands-on experiences through internships, translating into job opportunities for students. Gratitude is expressed for partnerships with various university entities, contributing to the overall success of Iowa State University. We invite all faculty and staff to support our ongoing efforts by encouraging you to visit the ISU Book Store. By doing so, we can continue to foster new and continued partnerships for innovation and excellence. |
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Deliver services that foster student success, encourage faculty innovation, and enrich the Iowa State community, all while contributing to the financial support of essential facilities and programs that enhance Iowa State University. | |
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Campus Investments
The ISU Book Store is a leading university bookstore for campus contributions.
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21.38%
Campus contributions
(16.93% Industry Average)
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$574,481
Administrative Fee &
University Budget Support
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$459,759
Rent & Utilities paid
to ISU Memorial Union
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(Additional $300,100 Bond payment for
2006-2009 Memorial Union expansion)
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$368,231
Hourly student wages at the ISU Book Store
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$326,435
Trademark Licensing Royalties Paid
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$376,062
Academic Resources Support to Colleges
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$50,527
Donations and Giveaways on campus
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$613,738
Discounts
(to students, prospective students, faculty, staff and Cyclone fans)
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18.31%
Operational Expenditures
(30.3% Industry Average)
| Expenses accrued not directly associated with production of goods and services |
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9.05%
Personnel Expense Ratio
(19.3% Industry Average)
| Measures contribution of labor to the generation of income & calculated by total personnel expenses/net sales |
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5.85%
Net Income Ratio vs.
(2.9% Industry Average)
| Remaining profit after costs of production, administration, and financing have been deducted from sales |
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$25,421
Support to University Marketing
for Iowa State Fair expenditures
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$30,615
Support to the Iowa State Alumni Association
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Additional contributions to New Student Programs, Soults Family Visitor Center, Admitted Students Day, Cyclone Family Weekend, and other college events throughout the year. | |
Breaking Barriers with Immediate Access | | |
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Saved students $2,028,669 on their textbooks by distributing digitally through Canvas at a reduced cost compared to the national average
| - Celebrated 10 years of textbook affordability with Immediate Access, with lifetime ISU student savings of $16M+
| - Received 2023 1EdTech Learning Impact Silver Award for work in enhancing the digital textbook experience and student success
| - Achieved carbon-neutral status by taking 55 cars off the road with print-to-digital emission savings of 253 tonnes of CO2e
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Service, Support & Savings with TechCyte | |
- On-campus Apple & Dell authorized store and service provider, serving ISU students, faculty, staff, and alumni
| - Major Success program connects ISU students with their computer requirements as directed by the colleges
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4,127 devices sold for an average savings of $291 per device
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40 devices were traded in, putting $9,500 in additional academic savings towards new device purchases
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1,196 service repairs performed for the ISU Community
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Savings at TechCyte
$1,202,102
Total Academic Device Savings (to consumers)
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