Liabilities / Assets
47th percentile
Tied with the lowest-debt nonprofits in its peer group.
Unknown Organization
990EZ • Fiscal year 2014 • EIN 80-0015957
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
47th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$8,937
Down $78,491 (-90%) from 2013
Net Assets
Down$8,937
Down $78,491 (-90%) from 2013
Liabilities
Flat$0
Flat from 2013
Revenue And Expenses
Revenue
Down$9
Down $15 (-63%) from 2013
Expenses
Up$78,500
Up $19,375 (+33%) from 2013
Net Income
Down-$78,491
Down $19,390 (-33%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2013 to Sep 30, 2014
- Signed
- Dec 17, 2014
- Return Version
- 2013v4.0
- Gross Receipts
- $9
Mission and Program Overview
Mission
To support and strengthen the professional beauty industry by eliminating product diversion.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| FOUNDED IN 2001, THE BEAUTY INDUSTRY FUND (BIF) IS AN ASSOCIATION COMPRISED OF MANUFACTURERS, DISTRIBUTORS AND SALON OWNERS WITH A MISSION TO SUPPORT AND STRENGTHEN THE PROFESSIONAL BEAUTY INDUSTRY BY ELIMINATING PRODUCT DIVERSION.BIF ENLISTS THE HELP OF AC NIELSEN/MARKET DECISIONS AND PROVIDES MEMBERS WITH DETAILED QUARTERLY REPORTS OUTLINING THE EXACT VOLUME AND PRICE OF DIVERTED PROFESSIONAL PRODUCTS THAT ARE BEING SOLD BY MASS RETAILERS.WHEN YOU BECOME A MEMBER OF BIF, YOU WILL RECEIVE AN EXTENSIVE AND DETAILED QUARTERLY ANALYSIS DIRECTLY FROM AC NIELSEN/MARKET DECISIONS. BY PROVIDING IN-DEPTH PRODUCT DIVERSION INFORMATION TO THE INDUSTRY, BIF IS ABLE TO WITNESS WHERE THEIR ANTI-DIVERSION TECHNIQUES ARE WORKING AND WHERE THEY ARE FALLING SHORT.WITH OUR EXTENSIVE DIVERSION DATA, WE ARE ABLE TO INFORM THE INDUSTRY AND PUBLIC ABOUT JUST HOW SERIOUS THIS PROBLEM HAS BECOME, AND GARNER SUPPORT FOR OUR EFFORTS TO STOP THIS DANGEROUS PRACTICE. OPEN LETTERS TO THE INDUSTRY APPEAR FREQUENTLY IN MAJOR PUBLICATIONS SUCH AS AMERICAN SALON AND MODERN SALON. THESE LETTERS INCLUDE RECENT BIF EFFORTS AND ALSO UPDATE READERS WITH THE LATEST DIVERSION DATA. THE BEAUTY INDUSTRY FUND ALSO SENDS LETTERS TO EVERY MASS RETAILER THAT SELLS DIVERTED PROFESSIONAL PRODUCTS. THESE LETTERS REMIND RETAILERS JUST HOW UNETHICAL THIS PRACTICE IS, AND INFORM THEM THAT THE PRODUCTS THEY ARE SELLING ARE EITHER COUNTERFEIT, OLD, TAMPERED WITH, CONTAIN HARMFUL BACTERIA OR MAY HAVE BEEN OBTAINED BY UNETHICAL MEANS. AFTER RECEIVING THESE LETTERS, MASS RETAILERS CAN NO LONGER CLAIM THEY WERE "UNAWARE". | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ERIC BAKKEN | President | - | $0 | - | - |
| GARY WINTERHALTER | Board Member | - | $0 | - | - |
| DAVID BERSTEIN | Board Member | - | $0 | - | - |
| JON SHAKOUR | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 80-0015957
- Phone
- 9528061729
Signing Officer
- Name
- Eric Bakken
- Title
- President
- Phone
- 9528061729
- Signed
- 2014-12-17
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Deb Nelson CPA
- Phone
- 6122536500
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: interest. Amount: 9.”
Raw XML Appendix105 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | JEN REISE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9529477391 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 7201 METRO BLVD |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | MINNEAPOLIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 55439 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 87428 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 8937 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -78491 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 78500 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 87428 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 8937 |
| IRS990EZ/GrossReceiptsAmt | 0 | 9 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 9 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 87428 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 8937 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 87428 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 8937 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ERIC BAKKEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GARY WINTERHALTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DAVID BERSTEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JON SHAKOUR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO SUPPORT AND STRENGTHEN THE PROFESSIONAL BEAUTY INDUSTRY BY ELIMINATING PRODUCT DIVERSION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | FOUNDED IN 2001, THE BEAUTY INDUSTRY FUND (BIF) IS AN ASSOCIATION COMPRISED OF MANUFACTURERS, DISTRIBUTORS AND SALON OWNERS WITH A MISSION TO SUPPORT AND STRENGTHEN THE PROFESSIONAL BEAUTY INDUSTRY BY ELIMINATING PRODUCT DIVERSION.BIF ENLISTS THE HELP OF AC NIELSEN/MARKET DECISIONS AND PROVIDES MEMBERS WITH DETAILED QUARTERLY REPORTS OUTLINING THE EXACT VOLUME AND PRICE OF DIVERTED PROFESSIONAL PRODUCTS THAT ARE BEING SOLD BY MASS RETAILERS.WHEN YOU BECOME A MEMBER OF BIF, YOU WILL RECEIVE AN EXTENSIVE AND DETAILED QUARTERLY ANALYSIS DIRECTLY FROM AC NIELSEN/MARKET DECISIONS. BY PROVIDING IN-DEPTH PRODUCT DIVERSION INFORMATION TO THE INDUSTRY, BIF IS ABLE TO WITNESS WHERE THEIR ANTI-DIVERSION TECHNIQUES ARE WORKING AND WHERE THEY ARE FALLING SHORT.WITH OUR EXTENSIVE DIVERSION DATA, WE ARE ABLE TO INFORM THE INDUSTRY AND PUBLIC ABOUT JUST HOW SERIOUS THIS PROBLEM HAS BECOME, AND GARNER SUPPORT FOR OUR EFFORTS TO STOP THIS DANGEROUS PRACTICE. OPEN LETTERS TO THE INDUSTRY APPEAR FREQUENTLY IN MAJOR PUBLICATIONS SUCH AS AMERICAN SALON AND MODERN SALON. THESE LETTERS INCLUDE RECENT BIF EFFORTS AND ALSO UPDATE READERS WITH THE LATEST DIVERSION DATA. THE BEAUTY INDUSTRY FUND ALSO SENDS LETTERS TO EVERY MASS RETAILER THAT SELLS DIVERTED PROFESSIONAL PRODUCTS. THESE LETTERS REMIND RETAILERS JUST HOW UNETHICAL THIS PRACTICE IS, AND INFORM THEM THAT THE PRODUCTS THEY ARE SELLING ARE EITHER COUNTERFEIT, OLD, TAMPERED WITH, CONTAIN HARMFUL BACTERIA OR MAY HAVE BEEN OBTAINED BY UNETHICAL MEANS. AFTER RECEIVING THESE LETTERS, MASS RETAILERS CAN NO LONGER CLAIM THEY WERE "UNAWARE". |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 78500 |
| IRS990EZ/TotalRevenueAmt | 0 | 9 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.BEAUTYINDUSTRYFUND.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 9. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ERIC BAKKEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9528061729 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-12-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | BEAUTY INDUSTRY FUND FOR CONSUMER PROTECTION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BEAU |
| ReturnHeader/Filer/EIN | 0 | 800015957 |
| ReturnHeader/Filer/PhoneNum | 0 | 9528061729 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 1347 |
| ReturnHeader/Filer/USAddress/City | 0 | HUTCHINSON |
| ReturnHeader/Filer/USAddress/State | 0 | KS |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 675041347 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 450250958 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | EIDE BAILLY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 800 NICOLLET MALL STE 1300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | MINNEAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 554027033 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6122536500 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-12-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DEB NELSON CPA |
| ReturnHeader/ReturnTs | 0 | 2015-01-12T08:11:36-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-09-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $8,937
- Liabilities
- $0
- Net assets
- $8,937
- Revenue
- $9
- Expenses
- $78,500
- Net income
- -$78,491