Fur Information Council Of America
- Assets
- $92.5k
- Revenue
- $57.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 52-1593816
Organization Overview
Fur Information Council Of America, operating under the name Fica, is located in New York, NY. The organization was established in 1989. 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. Fica 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 12/2021, Fica generated $57.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL HAS BEEN ESTABLISHED TO PERFORM THE FOLLOWING A)PROTECT AND INFORM THE PUBLIC AND INTERNAL IMAGE OF THE FUR INDUSTRY B)PROMOTE PUBLIC UNDERSTANDING OF THE PRINCIPLES OF WILDLIFE MANAGEMENT AND CONSERVATION AS THEY RELATE TO THE FUR INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER ACTIVITIES PROVIDES A CHANNEL OF COMMUNICATION FOR INDIVIDUALS AND OTHER REGARDING CURRENT TRENDS PRACTICES AND DEVELOPMENTS IN THE FUR INDUSTRY.
INFORMATION AND EDUCATION PROVIDES A MEANS OF KEEPING MEMBERS AND PUBLIC INFORMED AS TO RECENT DEVELOPMENTS IN ANTI-FUR MOVEMENTS AND PUBLIC RELATIONS AND PROVIDES UNFICATION WITHIN THE INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Ferber Treasurer | OfficerTrustee | 0 | $0 |
Bill Ribnick Secretary | OfficerTrustee | 0 | $0 |
Marcie Rea Chair | OfficerTrustee | 0 | $0 |
Nick Pologeorgis Vice Chair | OfficerTrustee | 0 | $0 |
Kathy Rezny 2nd Vice Chair | OfficerTrustee | 0 | $0 |
Dave Sollman Executive Dir | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,675 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,930 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| 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 | $57,558 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $17,960 |
| Fees for services: Accounting | $9,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,758 |
| Advertising and promotion | $0 |
| Office expenses | $561 |
| Information technology | $6,155 |
| 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 | $7,924 |
| All other expenses | $2,500 |
| Total functional expenses | $102,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,544 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,544 |
| Accounts payable and accrued expenses | $30,000 |
| 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 | $30,000 |
| Net assets without donor restrictions | $62,544 |
| 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 | $92,544 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fur Information Council Of America has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
International Fur Federation -Americas Region Washington, DC PURPOSE: EACH GRANT TO THE ASSOCIATION IS DIFFERENT AND BASED UPON PROGRAM GOALS. FOR EXAMPLE, WE FUND PROGRAMS TO ASSIST FUR FARMERS SECURE THEIR FARMS; WE ALSO FUND ADVERTISING PROGRAMS IN FASHION MAGAZINES TO SUPPORT FUR RETAILERS. EACH GRANT IS DIFFERENT AND FOR DIFFERENT NEEDS. | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |