Cosmetic Executive Women Inc
- Assets
- $13.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 32
- Location
- New York, NY
- Founding
- 03/1974
- Data as of
- 12/2022
- EIN
- 13-2735995
Organization Overview
Cosmetic Executive Women Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cosmetic Executive Women Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cosmetic Executive Women Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Cosmetic Executive Women Inc generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCES THE PROFESSIONAL GROWTH OF WOMEN IN THE COSMETIC INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVER AWARDS: THE ANNUAL CEW ACHIEVER AWARDS IS THE ONLY INDUSTRY AWARD THAT RECOGNIZES THE ACHIEVEMENT OF WOMEN IN THE COSMETICS INDUSTRY. THE AWARD RECIPIENTS REPRESENT THE TOP TALENT IN BEAUTY AND RETAIL. THE ACHIEVER AWARDS SERVES AS AN INSPIRATION FOR FUTURE WOMEN LEADERS AND FOR COMPANIES TO SUPPORT WOMEN'S ADVANCEMENT. THE CORPORATE EMPOWERMENT FOR WOMEN (C.E.W.) AWARD RECOGNIZES A COMPANY THAT DEMONSTRATES A COMMITMENT TO ADVANCING WOMEN LEADERS WITHIN ITS ORGANIZATION. THE GREAT IDEA AWARD, SPONSORED BY IFF, ENCOURAGES INNOVATION BY RECOGNIZING A WOMAN IN THE BEAUTY INDUSTRY WHO HAS MADE AN IMPACT IN PRODUCT DEVELOPMENT, CONSUMER SALES OR NEW MARKETS.
BEAUTY AWARDS:THE CEW BEAUTY AWARDS PROMOTES PRODUCT INNOVATION IN THE BEAUTY INDUSTRY TO CONSUMERS BY RECOGNIZING THE BEST BEAUTY PRODUCTS OF THE YEAR. THE PRODUCTS ARE SELECTED BY THE REAL BEAUTY EXPERTS, PROFESSIONALS IN THE COSMETIC AND FRAGRANCE INDUSTRY. THE CEW BEAUTY AWARDS FINALISTS AND WINNERS ARE PROMOTED BY MASS AND PRESTIGE RETAILERS AND QVC. THE AWARDS GARNER AN AVERAGE OF 450 MILLION PRESS IMPRESSIONS. THE BEAUTY AWARDS PRODUCT DEMONSTRATION, A MEMBER-ONLY EVENT, SHOWCASES THE BEAUTY-AWARD PRODUCT ENTRIES. MEMBERS CAN VIEW AND TRY ALL ENTRIES PRIOR TO CASTING THEIR VOTES. THE WINNERS OF THE BEAUTY AWARDS ARE ANNOUNCED AT THE BEAUTY AWARDS LUNCHEON ATTENDED BY ALL FINALISTS, BEAUTY COMPANIES AND INDUSTRY LEADERS.
DIGITAL CONFERENCE:CEW RETAIL CONFERENCE FEATURES THE RETAIL AND BRAND TRENDS INFLUENCING TODAY'S BEAUTY CONSUMER. THE HALF-DAY INFORMATIONAL PROGRAM FOCUSES ON PROVIDING DATA AND INTELLIGENCE FROM MORE THAN 20 RETAIL, BRAND, AND DATA EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlotta Jacobson President | OfficerTrustee | 40 | $1,501,882 |
Jill Scalamandre Chairwoman | OfficerTrustee | 2 | $0 |
Heidi Manheimer Vice-Chairwoman | OfficerTrustee | 1 | $0 |
Kelly Mcphilliamy Treasurer | OfficerTrustee | 1 | $0 |
Susan Akkad Board Member | Trustee | 1 | $0 |
Monica Arnaudo Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Core Z Operations Inc Consulting | 12/30/22 | $269,427 |
Erst 250 West 57th St Llc Rent | 12/30/22 | $138,605 |
Purplecard Holdings Llc Technology | 12/30/22 | $190,072 |
City Scenic Event Planner | 12/30/22 | $101,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $483,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,716 |
| Noncash contributions included in lines 1a–1f | $189,716 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,194 |
| Total Program Service Revenue | $4,993,869 |
| Investment income | $214,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,025,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,605,533 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,145,368 |
| Pension plan accruals and contributions | $61,500 |
| Other employee benefits | $400,942 |
| Payroll taxes | $214,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,993 |
| Fees for services: Accounting | $65,624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,444 |
| Fees for services: Other | $491,817 |
| Advertising and promotion | $0 |
| Office expenses | $110,709 |
| Information technology | $300,575 |
| Royalties | $0 |
| Occupancy | $261,204 |
| Travel | $86,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,937 |
| Interest | $1,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,953 |
| Insurance | $47,386 |
| All other expenses | $625,715 |
| Total functional expenses | $6,169,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496 |
| Savings and temporary cash investments | $382,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $624,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $700,414 |
| Net Land, buildings, and equipment | $118,168 |
| Investments—publicly traded securities | $9,824,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,234,172 |
| Total assets | $13,884,839 |
| Accounts payable and accrued expenses | $387,142 |
| Grants payable | $0 |
| Deferred revenue | $513,863 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,092,695 |
| Total liabilities | $3,493,700 |
| Net assets without donor restrictions | $10,391,139 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,884,839 |