American Apparel And Footwear Association
- Assets
- $15.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 03/1942
- Data as of
- 12/2023
- EIN
- 53-0258503
Organization Overview
American Apparel And Footwear Association, operating under the name Aafa, is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Aafa employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aafa 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 12/2023, Aafa generated $7.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aafa has awarded 16 individual grants totaling $271,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STAND AS A LEADER OF POSITIVE CHANGE FOR THE APPAREL & FOOTWEAR INDUSTRY ON BEHALF OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HOLDS CONFERENCES AND SEMINARS RELATING TO THE APPAREL AND FOOTWEAR INDUSTRY, ISSUES NEWSLETTERS TO INFORM ITS MEMBERS ON CHANGES IN THE INDUSTRY AND PRESENTS THE VIEWPOINTS OF ITS MEMBERS TO LEGISLATIVE AND REGULATORY BODIES.WITH OVER 300 MEMBERS, THE ASSOCIATION ACCOUNTS FOR MORE THAN 1,000 NAME BRANDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Dagnese Chair | OfficerTrustee | 2 | $0 |
Josue Solano Vice Chair | OfficerTrustee | 0.5 | $0 |
Katherine Gold Treasurer | OfficerTrustee | 2 | $0 |
Halide Alagoz Secretary | Trustee | 0.5 | $0 |
Cameron Bailey Executive Committee | Trustee | 0.5 | $0 |
Joe Preston Executive Committee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Firehouse Strategies Consulting | 12/30/22 | $120,000 |
Cps 5 Lls - Cps Events At The Plaza Catering | 12/30/22 | $111,353 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,651,495 |
| Investment income | $308,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,919 |
| Net Rental Income | $120,866 |
| Net Gain/Loss on Asset Sales | $77,133 |
| Net Income from Fundraising Events | $177,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,366,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,515 |
| 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. | $1,921,874 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,736,085 |
| Pension plan accruals and contributions | $65,770 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,085 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,244 |
| Fees for services: Other | $479,408 |
| Advertising and promotion | $4,341 |
| Office expenses | $35,254 |
| Information technology | $125,347 |
| Royalties | $0 |
| Occupancy | $494,734 |
| Travel | $229,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,400 |
| Insurance | $33,033 |
| All other expenses | $97,274 |
| Total functional expenses | $6,091,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,785 |
| Savings and temporary cash investments | $2,099,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,127 |
| 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 | $263,874 |
| Net Land, buildings, and equipment | $492,857 |
| Investments—publicly traded securities | $8,022,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,274,955 |
| Total assets | $15,339,255 |
| Accounts payable and accrued expenses | $773,808 |
| Grants payable | $0 |
| Deferred revenue | $2,400,500 |
| 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 | $4,193,663 |
| Total liabilities | $7,367,971 |
| Net assets without donor restrictions | $7,857,872 |
| Net assets with donor restrictions | $113,412 |
| 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 | $15,339,255 |
Grants Awarded
Over the last fiscal year, American Apparel And Footwear Association has awarded $111,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON INTERNATIONAL TRADE FOUNDATION PURPOSE: EDUCATIONAL | $30,000 |
FASHION SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS | $12,500 |
COUNCIL OF FASHION DESIGNERS OF AMERICA PURPOSE: IMAGE AWARDS | $69,000 |