Fashion Accessories Benefit Ball Inc
- Assets
- $329.4k
- Revenue
- $84.7k
- Investments
- $229.8k
- Employees
- 2
- Location
- Wilton, CT
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 13-3592313
Organization Overview
Fashion Accessories Benefit Ball Inc is located in Wilton, CT. The organization was established in 1991. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Fashion Accessories Benefit Ball Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fashion Accessories Benefit Ball Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fashion Accessories Benefit Ball Inc generated $84.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $43.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fashion Accessories Benefit Ball Inc has awarded 11 individual grants totaling $280,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE MONEY FOR OTHER NONPROFIT ORGANIZATIONS THROUGH AN ANNUAL FASHION INDUSTRY BALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEOPLE OF THE ACCESSORIES INDUSTRY WERE BROUGHT TOGETHER FOR AN ANNUAL BALL THAT RAISES MONEY FOR OTHER NON-PROFIT ORGANIZATIONS. NOTE - IN 2020-2022, DUE TO THE COVID-19 PANDEMIC THE EVENT WAS NOT HELD, BUT THERE WERE NON-REFUNDABLE EXPENSES THAT WERE INCURRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Garland Executive Director | OfficerTrustee | 30 | $16,500 |
Larry Zakarin Vice Chairman | OfficerTrustee | 4 | $0 |
Lorrie Frost President | OfficerTrustee | 8 | $0 |
Drew Pizzo Vice Chairman | OfficerTrustee | 4 | $0 |
Valerie Mickool Treasurer | OfficerTrustee | 30 | $8,250 |
Todd Marcus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,751 |
| Total Program Service Revenue | $0 |
| Investment income | $2,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $458 |
| 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. | $24,750 |
| Compensation of current officers, directors, key employees. | $14,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,081 |
| Fees for services: Other | $2,100 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $43,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $64,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,064 |
| Investments—other securities | $229,835 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,391 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $329,391 |
| 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 | $329,391 |
Grants Awarded
Over the last fiscal year, Fashion Accessories Benefit Ball Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOD'S LOVE WE DELIVER PURPOSE: CHARITABLE | $10,000 |
HETRICK-MARTIN INSTITUTE INC PURPOSE: CHARITABLE | $15,000 |