Golden Gate Apparel Association
- Assets
- $742.0k
- Revenue
- $393.1k
- Investments
- $0.0
- Employees
- 7
- Location
- San Jose, CA
- Founding
- 05/1983
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Golden Gate Apparel Association generated $393.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $452.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 8 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Taft Executive Dir. | OfficerTrustee | 40 | $97,686 |
Stuart Marcher Treasurer | Trustee | 1 | $0 |
Lora Jachimowicz Vice President | Trustee | 1 | $0 |
Carrie Martin Director | Trustee | 1 | $0 |
Kathy Franz Director | Trustee | 1 | $0 |
Janelle Moore Director | Trustee | 1 | $0 |
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 | $324,004 |
| Investment income | $22,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,145 |
| 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. | $97,686 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,229 |
| Office expenses | $2,796 |
| Information technology | $2,584 |
| Royalties | $0 |
| Occupancy | $55,460 |
| Travel | $478 |
| 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 | $39,423 |
| Insurance | $9,171 |
| All other expenses | $15,950 |
| Total functional expenses | $452,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,278 |
| 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 | $992 |
| Investments—publicly traded securities | $719,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $741,962 |
| Accounts payable and accrued expenses | $5,069 |
| 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 | $5,069 |
| Net assets without donor restrictions | $736,893 |
| 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 | $741,962 |