Golden Gate Apparel Association
- Assets
- $901.4k
- Revenue
- $413.8k
- Investments
- $0.0
- Employees
- 7
- Location
- San Jose, CA
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 94-2745501
Organization Overview
Golden Gate Apparel Association is located in San Jose, CA. The organization was established in 1983. 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. As of 12/2021, Golden Gate Apparel Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Gate Apparel 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 12/2021, Golden Gate Apparel Association generated $413.8k 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 (13.6%) each year. All expenses for the organization totaled $407.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.4%) 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
GOLDEN GATE APPAREL ASSOCIATION ORGANIZES APPAREL TRADE SHOWS FOR ITS INDUSTRY BUYER MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLDEN GATE/FASHION MARKET OF NORTHERN CALIFORNIA IS A NOT FOR PROFIT ORGANIZATION FORMED BY A GROUP OF INDEPENDENT SALES REPRESENTATIVES THROUGHOUT THE WEST COAST TO PROVIDE FOR THE RETAIL COMMUNITY, PRIMARILY IN NORTHERN CALIFORNIA, A CONVENIENT PLACE/VENUE CLOSE TO THEIR BUSINESS LOCATION, TO SHOP, SHARE INFORMATION, BE INFORMED AND EDUCATED TO THE APPAREL AND ACCESSORY COLLECTION CURRENTLY AVAILABLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Taft Executive Dir. | OfficerTrustee | 40 | $89,080 |
Karen Anderson President | OfficerTrustee | 1 | $0 |
Nancy Provda Chairperson | OfficerTrustee | 1 | $0 |
Greta Ballard Director | OfficerTrustee | 1 | $0 |
Stuart Marcher Treasurer | Trustee | 1 | $0 |
Lora Jachimowicz Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,491 |
| Total Program Service Revenue | $326,035 |
| Investment income | $21,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,817 |
| 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. | $89,080 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,043 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,156 |
| Office expenses | $3,545 |
| Information technology | $437 |
| Royalties | $0 |
| Occupancy | $98,855 |
| Travel | $813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,454 |
| Insurance | $3,703 |
| All other expenses | $12,850 |
| Total functional expenses | $407,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,792 |
| Savings and temporary cash investments | $0 |
| 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 | $40,415 |
| Investments—publicly traded securities | $773,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,501 |
| Total assets | $901,438 |
| Accounts payable and accrued expenses | $12,522 |
| 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 | $12,522 |
| Net assets without donor restrictions | $888,916 |
| 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 | $901,438 |
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