Professional Beauty Association
- Assets
- $28.1m
- Revenue
- $25.0m
- Investments
- $17.4m
- Employees
- 33
- Location
- Scottsdale, AZ
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 20-1585064
Organization Overview
Professional Beauty Association is located in Scottsdale, AZ. The organization was established in 2008. 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, Professional Beauty Association employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Beauty Association 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, Professional Beauty Association generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $5.9m 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
THE PROFESSIONAL BEAUTY ASSOCIATION (PBA) EXISTS TO ELEVATE, UNITE AND SERVE THE BEAUTY INDUSTRY AND THE PROFESSIONALS WHO IMPROVE PEOPLES' LIVES. PBA IS A COMMUNITY LED NON-PROFIT MEMBERSHIP ORGANIZATION WITH MEMBERS AND A BOARD OF DIRECTORS REPRESENTING LICENSED PROFESSIONALS, SALONS, MANUFACTURERS, DISTRIBUTORS, SCHOOLS AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNATURE EVENTS -THE NORTH AMERICAN HAIRSTYLING AWARDS (NAHA) CEREMONY, WHICH CELEBRATES THE WINNERS OF PBA'S PHOTOGRAPHIC BEAUTY COMPETITION WAS HELD IN LONG BEACH, CA IN APRIL 2022 ALONG WITH BEACON, PBA'S ELITE STUDENT PROGRAM WHICH ENGAGES 150 STUDENT COSMETOLOGISTS FOR SPECIALIZED BUSINESS TRAINING.PBA PRODUCED THE INTERNATIONAL SALON & SPA EXPO (ISSE) IN LONG BEACH, CA IN JUNE 2022. ISSE FEATURES THE INDUSTRY'S TOP EDUCATORS ALONG WITH INNOVATIVE EXHIBITORS, NETWORKING OPPORTUNITIES WITH TOP INDUSTRY PROS AND INSIGHT INTO TOMORROW'S HOTTEST BEAUTY TRENDS. (CONT'D ON SCH. O) PBA IN A JOINT VENTURE WITH OUR ITALIAN PARTNER BOLOGNA FIERE, S.P.A, PRODUCED COSMOPROF NORTH AMERICA (CPNA) IN LAS VEGAS, NEVADA IN JULY 2022. CPNA IS THE LARGEST BEAUTY BUSINESS TRADE SHOW IN THE UNITED STATES, BRINGING BEAUTY INDUSTRY BUYERS TOGETHER WITH MANUFACTURERS AND BRANDS FROM ACROSS THE WORLD. PBA EXECUTIVE SUMMIT, ENGAGING 300+ TOP EXECUTIVES TOGETHER FOR SESSIONS ON TECHNOLOGY, LEADERSHIP AND THE FUTURE IN SCOTTSDALE IN NOVEMBER 2022. DURING 2022, PBA ENTERED INTO AN AGREEMENT WITH USA BEAUTY TO SELL A PORTION OF OUR OWNERSHIP IN THE INTERNATIONAL SALON & SPA EXPO (ISSE) AND COSMOPROF NORTH AMERICAN (CPNA). PBA IS NOW A MINORITY OWNER IN ALL USA BEAUTY NORTH AMERICAN TRADE SHOWS INCLUDING PREMIERE ORLANDO, PREMIERE ANAHEIM (FORMERLY ISSE), PREMIERE SAN ANTONIO, PREMIERE BIRMINGHAM, COSMOPROF NORTH AMERICA AND COSMOPROF MIAMI (NEW FOR 2024) AND ARE NO LONGER RESPONSIBLE FOR ORGANIZING/MANAGING THESE TRADE SHOWS.
MEMBERSHIP VALUE - EVENTS AND EDUCATION:AS WE TRANSITIONED BACK INTO LIVE EVENTS, WE HOSTED NAHA AND OUR BEACON STUDENT PROGRAM IN APRIL FOLLOWED BY ISSE IN JUNE. THOUSANDS OF ATTENDEES WERE ABLE TO ATTEND NEARLY 200 FREE CLASSES RANGING FROM LEADING EDGE TECHNICAL SKILLS TO RELEVANT BUSINESS-BUILDING TECHNIQUES TO HELP THEM SUCCEED IN THEIR CAREERS. IN JULY, WE HOSTED OUR CPNA LAS VEGAS EVENT, FEATURING AN EXCLUSIVE PBA MEMBER LOUNGE DESIGNED TO GIVE MEMBERS COMPLIMENTARY MEETING SPACE AND OPPORTUNITIES TO NETWORK AND CONNECT WITH ATTENDEES FROM ALL OVER THE GLOBE. (CONT'D ON SCH. O) MEMBERSHIP VALUE - BUSINESS RESOURCES:ALWAYS STRIVING TO ADD VALUE TO MEMBERSHIP, WE REFINED BENEFITS BY MEMBER TYPE OFFERING EACH LEVEL OF MEMBERSHIP UNIQUE AND CURATED RESOURCES TO ENHANCE THEIR BUSINESS AND CAREER. A FEW HIGHLIGHTS INCLUDE REDUCED CREDIT CARD PROCESSING FEES WITH PREFERRED VENDORS, EXCLUSIVE FINANCIAL EDUCATION FROM INDUSTRY EXPERTS AND PBA MEMBER EXCLUSIVE PRICING ON CLASSES AT INDUSTRY EVENTS.NEW MEMBER VALUE - VISIONARY PROGRAM:WE FURTHER REFINED OUR VISIONARY MEMBERSHIP PROGRAM THE HIGHEST LEVEL OF MEMBERSHIP TO INCLUDE MORE CUSTOMIZATION TO BETTER MEET THE NEEDS OF EACH ORGANIZATION. CUSTOMIZED OPTIONS INCLUDE PARTNERING ON EDUCATION, MARKETING EFFORTS, EXCLUSIVE PBA EVENTS AND MORE.
GOVERNMENT AFFAIRS - PBA'S GOVERNMENT AFFAIRS TEAM WORKS TO INFLUENCE LOCAL, STATE, AND FEDERAL GOVERNMENT LEGISLATION. ADVOCATING ON BEHALF OF OUR MEMBERSHIP, OUR EFFORTS INCLUDE EDUCATION REGARDING THE IMPORTANCE OF OCCUPATIONAL LICENSING FOR THE PROFESSIONAL BEAUTY INDUSTRY, BUSINESS GROWTH, AND MANAGING STATE AND FEDERAL ISSUES IMPACTING DAY TO DAY SALON OPERATIONS. PBA'S GOVERNMENT AFFAIRS TEAM ALSO MANAGES ADVOCACY PROGRAMS THAT INCLUDE VOLUNTEER OUTREACH EFFORTS WITHIN OUR INDUSTRY. (CONT'D ON SCH. O) THE 113,195 ADVOCATES IN OUR PROFESSIONAL BEAUTY ADVOCATE PROGRAM HAVE TAKEN 843,611 ACTIONS CONNECTING WITH ELECTED OFFICIALS AT THE STATE AND FEDERAL LEVEL. PBA'S GOVERNMENT AFFAIRS TEAM ENGAGES AND CONTRACTS WITH OUTSIDE FIRMS TO ASSIST WITH STATE AND FEDERAL DIRECT LOBBYING.THE RANGE OF THE GOVERNMENT AFFAIRS TEAM INCLUDES CONDUCTING RESEARCH, ANALYZING LEGISLATION, CREATING A STRATEGIC RESPONSE TO LEGISLATION, LOBBYING, BUILDING GRASSROOTS AND ORGANIZING VOLUNTEERS, ADVOCACY CAMPAIGNS AND MESSAGING, EDUCATION OUTREACH, AND UTILIZING PARTNERSHIPS. OUR TEAM IS PROUD TO SERVE ON THE COUNCIL OF STATE GOVERNMENTS' COSMETOLOGY AND BARBERING INTERSTATE COMPACT TECHNICAL ASSISTANCE GROUP FUNDED BY THE DEPARTMENT OF DEFENSE (DOD). ADDITIONALLY, OUR TEAM SPEAKS AT PUBLIC AND PRIVATE EVENTS SHARING THE PROPONENT PERSPECTIVE OF OCCUPATIONAL LICENSING AND EDUCATING ON A VARIETY OF BUSINESS-RELATED TOPICS OF CONCERN FOR OUR MEMBERS. AFTER ANALYZING LEGISLATION OUR GOAL IS TO EXPLAIN THE POTENTIAL IMPACT AND ADVOCATE FOR THE BEST SOLUTION FOR OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney Berry Chair | OfficerTrustee | 1 | $0 |
Cindy Feldman Treasurer | OfficerTrustee | 1 | $0 |
Jay Elarar Vice Chair | OfficerTrustee | 1 | $0 |
Bonnie Conte Director | Trustee | 1 | $0 |
Zach Rieken Director | Trustee | 1 | $0 |
Beth Carson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Live Technologies Holdings Llc Event Audio Visual | 12/30/22 | $278,071 |
Squire Patton Boggs Legal | 12/30/22 | $207,071 |
Steve Wilkerson Financial Consulting | 12/30/22 | $131,025 |
Compusystems Inc Event Registration | 12/30/22 | $103,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $72,920 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,920 |
| Total Program Service Revenue | $4,804,596 |
| Investment income | $2,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,517 |
| Net Rental Income | -$18,441 |
| Net Gain/Loss on Asset Sales | $20,008,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,970,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $584,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,755,222 |
| Pension plan accruals and contributions | $45,272 |
| Other employee benefits | $240,009 |
| Payroll taxes | $151,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,674 |
| Fees for services: Accounting | $20,432 |
| Fees for services: Lobbying | $23,308 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $717,242 |
| Advertising and promotion | $15,071 |
| Office expenses | $337,168 |
| Information technology | $498,587 |
| Royalties | $0 |
| Occupancy | $36,273 |
| Travel | $82,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,983 |
| Interest | $122,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,180 |
| Insurance | $44,246 |
| All other expenses | $193,673 |
| Total functional expenses | $5,896,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,641,168 |
| Savings and temporary cash investments | $600,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $299,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $193,269 |
| Net Land, buildings, and equipment | $5,723,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,369,771 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,077,374 |
| Accounts payable and accrued expenses | $483,614 |
| Grants payable | $0 |
| Deferred revenue | $296,020 |
| 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 | $3,153,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,932,947 |
| Net assets without donor restrictions | $20,899,161 |
| Net assets with donor restrictions | $3,245,266 |
| 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 | $28,077,374 |