Civic Intelligence

Fashion Business Incorporated

EIN 91-2164887 • 501(c)3 • Palos Verdes Estates, CA

Profile

To provide the fashion industry with entrepreneurial development, resources and training, to support its growth and profitability. To offer targeted businesses education, sourcing, networking opportunities, as well as marketing and consulting services.

3402 Tanglewood LanePalos Verdes Estates, CA 90274

www.fashionbizinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$53,960

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 40.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

16th percentile

-66%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-32%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$21,057

Down $41,792 (-66%) from 2016

Liabilities

Down

$675

Down $13,082 (-95%) from 2016

Net Assets

Down

$20,382

Down $28,710 (-58%) from 2016

Revenue

Down

$132,220

Down $61,168 (-32%) from 2016

Expenses

Down

$160,930

Down $30,365 (-16%) from 2016

Net Income

Down

-$28,710

Down $30,803 (-1472%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $87,876Liabilities 2011: $4,129Net Assets 2011: $83,7472011Assets 2012: $111,152Liabilities 2012: $8,831Net Assets 2012: $102,3212012Assets 2013: $115,779Liabilities 2013: $4,797Net Assets 2013: $110,9822013Assets 2014: $93,613Liabilities 2014: $15,003Net Assets 2014: $78,6102014Assets 2015: $52,864Liabilities 2015: $5,865Net Assets 2015: $46,9992015Assets 2016: $62,849Liabilities 2016: $13,757Net Assets 2016: $49,0922016Assets 2017: $21,057Liabilities 2017: $675Net Assets 2017: $20,3822017

Highlighted filing

2017

Assets$21,057
Liabilities$675
Net Assets$20,382

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $195,514Expenses 2011: $213,658Net Income 2011: -$18,1442011Revenue 2012: $206,151Expenses 2012: $187,577Net Income 2012: $18,5742012Revenue 2013: $177,144Expenses 2013: $168,483Net Income 2013: $8,6612013Revenue 2014: $155,571Expenses 2014: $187,943Net Income 2014: -$32,3722014Revenue 2015: $164,052Expenses 2015: $195,663Net Income 2015: -$31,6112015Revenue 2016: $193,388Expenses 2016: $191,295Net Income 2016: $2,0932016Revenue 2017: $132,220Expenses 2017: $160,930Net Income 2017: -$28,7102017

Highlighted filing

2017

Revenue$132,220
Expenses$160,930
Net Income-$28,710

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$184,799
Mission and Program Overview

Mission

To provide the fashion industry with entrepreneurial development, resources and training, to support its growth and profitability. To offer targeted businesses education, sourcing, networking opportunities, as well as marketing and consulting services.

Provide business development assistance to growing manufacturers and retailers

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,343$21,057▼ $15,286
Cap Stk Tr Prin Current Funds$49,092$20,382▼ $28,710
Savings and Temporary Cash Investments$20,031$0▼ $20,031
Intangible Assets$3,580--
Land, Buildings, and Equipment, Net$1,812$0▼ $1,812
Accounts Receivable$747$0▼ $747
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$62,849$21,057▼ $41,792
Other Assets Total$336$0▼ $336
Liabilities
Accounts Payable and Accrued Expenses$6,061$0▼ $6,061
Other Liabilities$7,696$675▼ $7,021
Total Liabilities$13,757$675▼ $13,082
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,092$20,382▼ $28,710
Total Liabilities and Net Assets / Fund Balance$62,849$21,057▼ $41,792
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patricia ConcannonExecutive DirectorFT$52,760$1,200$53,960
Frances HarderPresidentPT$19,005-$19,005

Board Members and Trustees

NameTitle
Robert GreenspanExecutive Chair
Anil ChughBoard Member
Ashleigh KaspszakBoard Member
Bob BergBoard Member
Bob LewinBoard Member
Debbie SteinbergBoard Member
Farah BhattiBoard Member
Henry ChernerBoard Member
Jacqueline SnyderBoard Member
Mark BrutzkusBoard Member
Martin HughesBoard Member
Mary WilberdingBoard Member
Michelle LeeBoard Member
Sharon HouseBoard Member
Tony ZhangBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$126,075
Program Service Revenue
$24,755
Investment Income
$-4,447
Other Revenue
$-14,163
All Other Contributions
$1,310
Change in Net Assets
$-28,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$92,880
Other Expenses$68,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$61,000$10,765-$71,765
Occupancy$19,898$2,211-$22,109
Other Salaries and Wages$11,460--$11,460
Fees for Services Accounting$1,500$7,399-$8,899
Payroll Taxes$7,356$1,099-$8,455
Travel$7,268--$7,268
Insurance$1,206$4,512-$5,718
Information Technology$4,666--$4,666
Fees for Services Other$3,725--$3,725
Conferences and Meetings$2,231--$2,231
Office Expenses-$2,079-$2,079
Other Employee Benefits$1,020$180-$1,200
Depreciation Depletion$240$376-$616
Other Expenses$442$321-$442
All Other Expenses$287$142-$429
Advertising-$400-$400
Fees for Services Legal-$26-$26
Total Functional Expenses$130,016$30,914$0$160,930
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$47,803
Fundraising Gross Income$30,540
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fashion Show----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payables$364
Credit Card Liabilities$311
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

President and cpa review the entity's financial statements and the allocation of program expenses versus management expenses and other related matters as required.

Form 990, Part VI, Section B, Line 12C

SELF-MONITORING

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Form 990 Part VIII Line 8B Fundraising Direct Expenses

Fundraising event independent contractors $19,756 equipment rental 16,146 event fee 9,350 supplies 2,206 printing 145 parking/travel 200 _______ total $47,803

Filing and Contact Details

Filer

Filer Name
Fashion Business Incorporated
EIN
91-2164887
Phone
3105697772
Address
3402 TANGLEWOOD LANE, PALOS VERDES ESTATES, CA 90274

Signing Officer

Name
Frances Harder
Title
President
Phone
3105697772
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frances Harder
Formed
2001
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
17
Employees
4
Volunteers
4

Preparer

Firm
Mary D Hall CPA Mst
Address
19425 SOLEDAD CANYON RD SUITE 339, CANYON COUNTRY, CA 91351
Preparer
Mary D Hall
Phone
6614240430
Supplemental Narrative

Additional Explanations

Form 990 Part I Line 11 Other Revenue

Fashion business incorporated received a noncash donation for the use of facilities. This donation was not included on the return in accordance with form 990 instructions for reporting contributions. The fair market value of the donated facilities is $26,851

Raw XML AppendixShowing 400 of 503 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.

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IRS990/NetAssetsOrFundBalancesBOYAmt049092
IRS990/NetAssetsOrFundBalancesEOYAmt020382
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4456
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-4456
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-17263
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-17263
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03100
IRS990/NetUnrelatedBusTxblIncmAmt0-4456
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02211
IRS990/OccupancyGrp/ProgramServicesAmt019898
IRS990/OccupancyGrp/TotalAmt022109
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02079
IRS990/OfficeExpensesGrp/TotalAmt02079
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0336
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0180
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01020
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01200
IRS990/OtherExpensesGrp/Desc0MERCHANT CC COSTS
IRS990/OtherExpensesGrp/Desc1INTERNS EXPENSES
IRS990/OtherExpensesGrp/Desc2PAYROLL EXPENSES
IRS990/OtherExpensesGrp/Desc3PRINTING & COPYING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01404
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1321
IRS990/OtherExpensesGrp/ProgramServicesAmt04165
IRS990/OtherExpensesGrp/ProgramServicesAmt11404
IRS990/OtherExpensesGrp/ProgramServicesAmt22148
IRS990/OtherExpensesGrp/ProgramServicesAmt3442
IRS990/OtherExpensesGrp/TotalAmt04165
IRS990/OtherExpensesGrp/TotalAmt12808
IRS990/OtherExpensesGrp/TotalAmt22469
IRS990/OtherExpensesGrp/TotalAmt3442
IRS990/OtherLiabilitiesGrp/BOYAmt07696
IRS990/OtherLiabilitiesGrp/EOYAmt0675
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011460
IRS990/OtherSalariesAndWagesGrp/TotalAmt011460
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01099
IRS990/PayrollTaxesGrp/ProgramServicesAmt07356
IRS990/PayrollTaxesGrp/TotalAmt08455
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANCES HARDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TRAINING PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11250
IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP: BUSINESS MEMBERSHIP ALLOWS SMALL AND LARGE BUSINESSES TO PARTNER WITH FBI TO INSURE ONGOING BUSINESS EDUCATION OPPORTUNITIES, DEVELOPMENT AND ASSISTANCE TO GROWING MANUFACTURERS AND RETAILER IN THE FASHION INDUSTRY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt046312
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01250
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIP: AWARDED TO QUALIFIED PARTICIPANTS WITH INDUSTRY SPECIFIC SPECIALIZED CERTIFIED JOB SKILLS TRAINING. PARTNERING WITH PAD (SPECIALIZED SOFTWARE PROGRAMS FOR CREATING PATTERNS)
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0171011
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010
IRS990/PYOtherExpensesAmt076617
IRS990/PYOtherRevenueAmt0-8722
IRS990/PYProgramServiceRevenueAmt031089
IRS990/PYRevenuesLessExpensesAmt02093
IRS990/PYSalariesCompEmpBnftPaidAmt0114678
IRS990/PYTotalExpensesAmt0191295
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0193388
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-28710
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03100
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt023505
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020031
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0126075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0171011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0147175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0124975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0131570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0700806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03109
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04402
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021651
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023505
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt027695
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt027950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt032374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt028260
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0139784
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81280
IRS990ScheduleA/PublicSupportPY170Pct00.82790
IRS990ScheduleA/PublicSupportTotal170Amt0700806
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0126075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0171011
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0147175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0124975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0131570
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0700806
IRS990ScheduleA/TotalSupportAmt0862241
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0311
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PAYABLES

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