National Federation Of Beauty Suppliers

Organization Overview

National Federation Of Beauty Suppliers is located in Horn Lake, MS. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Federation Of Beauty Suppliers is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, National Federation Of Beauty Suppliers generated $315.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $267.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCES THE BEAUTY INDUSTRY BY PROVIDING EDUCATION, NETWORKING OPPORTUNITIES, AND BUSINESS TOOLS TO ENSURE BUSINESS SUCCESS FOR THE BEAUTY SUPPLY RETAILERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ARRANGE TRADE SHOW TO EDUCATE ABOUT NEW PRODUCTS AND PROPER USAGE OF THE PRODUCTS BY DEMONSTRATION FROM VARIOUS VENDORS.


DIRECTLY RELATED EXPENSES FOR 501C ORGANIZATION


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Board, Officers & Key Employees

Name (title)Compensation
Won Hyoung Cho
President
$0
Sunki Lee
Treasurer
$0
Hyunmi Park
Vice-Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$31,252
Fundraising events$0
Related organizations$2,100
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$33,352
Total Program Service Revenue$282,084
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $315,436

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