Independent Cosmetic Manufacturers And Distributors Inc
- Assets
- $938.3k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Addison, TX
- Founding
- 05/1976
- Data as of
- 06/2022
- EIN
- 52-1062287
Organization Overview
Independent Cosmetic Manufacturers And Distributors Inc is located in Addison, TX. The organization was established in 1976. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Independent Cosmetic Manufacturers And Distributors Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Cosmetic Manufacturers And Distributors 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 06/2022, Independent Cosmetic Manufacturers And Distributors Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 5 years. 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
MEMBER EDUCATION AND SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP- FREE ACCESS TO TWO PUBLICATIONS EXCLUSIVE FOR MEMBERS: WEEKLY NEWSLETTER AND BIWEEKLY TECHNICAL REGULATORY REPORT. ALSO INCLUDES MEMBER NETWORKING GUIDE AND GATHERINGS, FREE INFORMATIONAL WEBINARS, ACCESS TO EXPORT CERTIFICATE SERVICES, AND ONE ON ONE REGULATORY ADVISEMENT/REFERRALS. ACCESS TO A REFERENCE LIBRARY CONTAINING BASIC GUIDANCE DOCUMENTS, RECORDINGS OF PAST EDUCATIONAL EVENTS AND WEBINARS. DISCOUNTED PRICES FOR EDUCATIONAL EVENTS.
COMMUNICATIONS & PUBLICATIONS - WEEKLY COMMUNITY NEWSLETTER HIGHLIGHTING EVENTS AND RELEVANT INDUSTRY NEWS.BI-WEEKLY TECHNICAL REGULATORY REPORT PROVIDING INFORMATION ON EMERGING REGULATORY ISSUES AND PROPOSED LEGISLATION RELATED TO THE INDUSTRY.WEBINAR SERIES WITH INVITED SPEAKERS HIGHLIGHTING AND EXPLAINING THE MOST CURRENT RELEVANT ISSUES AND EVENTS IN THE INDUSTRY.URGENT ISSUE NOTIFICATION AS NEEDED ELECTRONIC COMMUNICATIONS TO THE ENTIRE MEMBERSHIP CONCERNING EVENTS OR REGULATORY ACTIVITIES THAT COULD IMPACT THEIR BUSINESS.BEAUTY REFERENCE GUIDE ANNUAL PUBLICATION HIGHLIGHTING AVAILABLE MEMBER SUPPORTING SERVICES AND BASIC INFORMATION FOR THOSE STARTING OUT IN THE INDUSTRY.
EDUCATION- LIVE EVENTS: ANNUAL FDA WORKSHOP, ANNUAL GLOBAL TECHNICAL-REGULATORY FORUM, AND FOCUSED WORKSHOPS PROVIDING GUIDANCE ON EMERGING GLOBAL REGULATORY TRENDS AND ISSUES. COURSES ON BASIC ISSUES RELATING TO STARTING A SMALL COSMETICS BUSINESS.WEEKLY LIVE WEBINARS WITH IN-DEPTH DISCUSSIONS ON RELEVANT ISSUES THAT MAY IMPACT THE INDUSTRY.INVITED INTERVIEWS AND GUIDANCE PROVIDED TO MAJOR INDUSTRY OUTLETS AND PUBLICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Corrigan Chair | OfficerTrustee | 2.5 | $0 |
Chris Hobson Vice Chair | OfficerTrustee | 2.5 | $0 |
Jim Macpherson Treasurer | OfficerTrustee | 2.5 | $0 |
Dr Robb Akridge Director | Trustee | 2.5 | $0 |
Gus Bezas Director | Trustee | 2.5 | $0 |
Chris Birchby Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,247 |
| 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 | $104,247 |
| Total Program Service Revenue | $1,915,003 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $657 |
| 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 | $2,019,907 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,039,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,170 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $509,639 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92,639 |
| 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 | $9,748 |
| All other expenses | $70,591 |
| Total functional expenses | $2,022,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,975 |
| 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 | $29,195 |
| Net Land, buildings, and equipment | $3,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $938,285 |
| Accounts payable and accrued expenses | $121,720 |
| Grants payable | $0 |
| Deferred revenue | $632,231 |
| 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 | $753,951 |
| Net assets without donor restrictions | $184,334 |
| 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 | $938,285 |