Civic Intelligence

Arizona Apparel Foundation

990EZ • Fiscal year 2016 • EIN 81-2636209

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

132 E 6th StreetTempe, AZ 85281-3733

(602) 743-4638

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.94x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

0.54x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

50th percentile

3.2%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$10,470

No earlier filing loaded for comparison.

Net Assets

$586

No earlier filing loaded for comparison.

Liabilities

$9,884

No earlier filing loaded for comparison.

Revenue

$18,211

No earlier filing loaded for comparison.

Expenses

$17,625

No earlier filing loaded for comparison.

Net Income

$586

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2016: $10,470Liabilities 2016: $9,884Net Assets 2016: $5862016Assets 2017: $24,956Liabilities 2017: $10,1702017Assets 2018: $81,566Liabilities 2018: $2,712Net Assets 2018: $78,8542018Assets 2019: $42,226Net Assets 2019: $42,2262019Assets 2020: $362,064Liabilities 2020: $0Net Assets 2020: $362,0642020Assets 2021: $298,258Net Assets 2021: $298,2582021Assets 2022: $294,708Net Assets 2022: $294,7082022

Highlighted filing

2016

Assets$10,470
Liabilities$9,884
Net Assets$586

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $18,211Expenses 2016: $17,625Net Income 2016: $5862016Revenue 2017: $21,874Expenses 2017: $7,674Net Income 2017: $14,2002017Revenue 2018: $105,203Expenses 2018: $41,135Net Income 2018: $64,0682018Revenue 2019: $24,435Expenses 2019: $58,842Net Income 2019: -$34,4072019Revenue 2020: $481,375Expenses 2020: $162,168Net Income 2020: $319,2072020Revenue 2021: $43,281Expenses 2021: $107,087Net Income 2021: -$63,8062021Revenue 2022: $14Expenses 2022: $3,564Net Income 2022: -$3,5502022

Highlighted filing

2016

Revenue$18,211
Expenses$17,625
Net Income$586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$18,211
Mission and Program Overview

Mission

Arizona apparel foundation's mission is to provide the knowledge and resources needed to foster arizona's fashion industry. Our vision is to create the next u.s. Fashion city in metropolitan phoenix, to support cutting edge research and innovation in wearable tech and to build a sustainable and exciting new industry in arizona. Arizona apparel foundation (aaf) is dedicated to helping local fashion design brands navigate obstacles to success by providing the resources they need to start, grow, and thrive in arizona. Aaf allows local brands to manufacture in arizona. Manufacturing apparel locally keeps money in the state, creates jobs, and ushers in a creative, new, sustainable, and in- demand industry.

Program Services

DescriptionGrantsExpenses
ARIZONA APPAREL FOUNDATION IS FOSTERING ARIZONA'S FASHION INDUSTRY BY REIGNITING THE LOST SKILL OF APPAREL MANUFACTURING, EXCITING AND EDUCATING THE NEXT GENERATION OF FASHION PROFESSIONALS AND PROVIDING AFFORDABLE AND FREE SERVICES TO THE COMMUNITY INCLUDING CLASSES, VOCATIONAL TRAINING, EVENTS AND ACCESS TO REAL INDUSTRY EQUIPMENT AND DESIGNERS. AAF PARTNERS WITH THE CITY OF TEMPE AND THE DOWNTOWN TEMPE AUTHORITY AS WELL AS EDUCATIONAL FACILITIES SUCH AS ARIZONA STATE UNIVERSITY, MESA COMMUNITY COLLEGE, AND THE EAST VALLEY INSTITUTE OF TECHNOLOGY. AAF ALSO WORKS WITH ORGANIZATIONS LIKE THE CINDERELLA AFFAIR, FASHION GROUP INTERNATIONAL, TCH AND BUSINESSES SUCH AS LABELHORDE AND ARIZONA FASHION SOURCE, STAX 3D PRINTING, AND MORE.-$9,255
ARIZONA APPAREL FOUNDATION ALSO HAS AN ACTIVE AND DEDICATED BOARD OF DIRECTORS, WHO WORK TO BUILD RELATIONSHIPS, SECURE RESOURCES, AND ADVOCATE FOR THE FOUNDATION IN INNUMERABLE WAYS. WITH THEIR ASSISTANCE, AAF WILL CONTINUE TO ESTABLISH COLLABORATIVE PARTNERSHIPS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANGELA JOHNSONChairmanPT$0--
SHERRI BARRYSecretaryPT$0--
JEANNE HANKERSONTreasurerPT$0--
EVA LOUISDirectorPT$0--
KRISTIN ROMAINEDirectorPT$0--
SUSAN E MARIEDirector-$0--
ELLEN DAYANDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Arizona Apparel Foundation
EIN
81-2636209
Phone
6027434638
Address
132 E 6TH STREET, TEMPE, AZ 85281-3733

Signing Officer

Name
Sherri Barry
Title
Secretary
Phone
6027434638
Signed
2017-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Schneider & Associate Cpas Pc
Address
727 E BETHANY HOME RD STE D122, PHOENIX, AZ 85014
Preparer
Stacy a Schneider
Phone
6022772117
Supplemental Narrative

Additional Explanations

Form 990-ez

To whom it may concern, arizona apparel foundation was incorporated april of 2016. Therefore, the first tax return due was 05/15/2017; however, due to the confusion of the fiscal year the organization did not file an extension nor file the return within the time period. I am writing to request an abatement of penalties due to filing late for the calendar year end 2016 return. Please accept my petition for abatement of penalties owed as a first time abatement waiver. If you have any questions or need any additional information please call 602-277-2117. Sincerely, stacy schneider, cpa

Form 990-ez, Part I, Line 16

Expenses advertising 225 supplies 2,700 telephone 2,682 insurance 328 bank fees 176 registration 9 event expense 1,129 equipment rental & maint 911 total 8,160

Form 990-ez, Part II, Line 26

Loans from officers 0 9,884

Form 990-ez, Part III

Arizona apparel foundation's mission is to provide the knowledge and resources needed to foster arizona's fashion industry. Our vision is to create the next u.s. Fashion city in metropolitan phoenix, to support cutting edge research and innovation in wearable tech and to build a sustainable and exciting new industry in arizona. Arizona apparel foundation (aaf) is dedicated to helping local fashion design brands navigate obstacles to success by providing the resources they need to start, grow, and thrive in arizona. Aaf allows local brands to manufacture in arizona. Manufacturing apparel locally keeps money in the state, creates jobs, and ushers in a creative, new, sustainable, and in- demand industry.

Form 990-ez, Part III, Line 28

Arizona apparel foundation is fostering arizona's fashion industry by reigniting the lost skill of apparel manufacturing, exciting and educating the next generation of fashion professionals and providing affordable and free services to the community including classes, vocational training, events and access to real industry equipment and designers. Aaf partners with the city of tempe and the downtown tempe authority as well as educational facilities such as arizona state university, mesa community college, and the east valley institute of technology. Aaf also works with organizations like the cinderella affair, fashion group international, tch and businesses such as labelhorde and arizona fashion source, stax 3d printing, and more.

Form 990-ez, Part III, Line 29

Arizona apparel foundation also has an active and dedicated board of directors, who work to build relationships, secure resources, and advocate for the foundation in innumerable ways. With their assistance, aaf will continue to establish collaborative partnerships.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARIZONA APPAREL FOUNDATION'S MISSION IS TO PROVIDE THE KNOWLEDGE AND RESOURCES NEEDED TO FOSTER ARIZONA'S FASHION INDUSTRY. OUR VISION IS TO CREATE THE NEXT U.S. FASHION CITY IN METROPOLITAN PHOENIX, TO SUPPORT CUTTING EDGE RESEARCH AND INNOVATION IN WEARABLE TECH AND TO BUILD A SUSTAINABLE AND EXCITING NEW INDUSTRY IN ARIZONA. ARIZONA APPAREL FOUNDATION (AAF) IS DEDICATED TO HELPING LOCAL FASHION DESIGN BRANDS NAVIGATE OBSTACLES TO SUCCESS BY PROVIDING THE RESOURCES THEY NEED TO START, GROW, AND THRIVE IN ARIZONA. AAF ALLOWS LOCAL BRANDS TO MANUFACTURE IN ARIZONA. MANUFACTURING APPAREL LOCALLY KEEPS MONEY IN THE STATE, CREATES JOBS, AND USHERS IN A CREATIVE, NEW, SUSTAINABLE, AND IN- DEMAND INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARIZONA APPAREL FOUNDATION IS FOSTERING ARIZONA'S FASHION INDUSTRY BY REIGNITING THE LOST SKILL OF APPAREL MANUFACTURING, EXCITING AND EDUCATING THE NEXT GENERATION OF FASHION PROFESSIONALS AND PROVIDING AFFORDABLE AND FREE SERVICES TO THE COMMUNITY INCLUDING CLASSES, VOCATIONAL TRAINING, EVENTS AND ACCESS TO REAL INDUSTRY EQUIPMENT AND DESIGNERS. AAF PARTNERS WITH THE CITY OF TEMPE AND THE DOWNTOWN TEMPE AUTHORITY AS WELL AS EDUCATIONAL FACILITIES SUCH AS ARIZONA STATE UNIVERSITY, MESA COMMUNITY COLLEGE, AND THE EAST VALLEY INSTITUTE OF TECHNOLOGY. AAF ALSO WORKS WITH ORGANIZATIONS LIKE THE CINDERELLA AFFAIR, FASHION GROUP INTERNATIONAL, TCH AND BUSINESSES SUCH AS LABELHORDE AND ARIZONA FASHION SOURCE, STAX 3D PRINTING, AND MORE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ARIZONA APPAREL FOUNDATION ALSO HAS AN ACTIVE AND DEDICATED BOARD OF DIRECTORS, WHO WORK TO BUILD RELATIONSHIPS, SECURE RESOURCES, AND ADVOCATE FOR THE FOUNDATION IN INNUMERABLE WAYS. WITH THEIR ASSISTANCE, AAF WILL CONTINUE TO ESTABLISH COLLABORATIVE PARTNERSHIPS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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