Footwear Distributors & Retailers Of America
- Assets
- $3.1m
- Revenue
- $3.7m
- Investments
- $2.9k
- Employees
- 6
- Location
- Washington, DC
- Founding
- 07/1971
- Data as of
- 12/2022
- EIN
- 13-1506929
Organization Overview
Footwear Distributors & Retailers Of America is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Footwear Distributors & Retailers Of America employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Footwear Distributors & Retailers Of America 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, Footwear Distributors & Retailers Of America generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ASSOCIATION REPRESENTS RETAILERS, BRANDS & BUYING AGENTS. (CONTINUED ON SCHEDULE O)IT PROVIDES LOBBYING AND ADVOCACY FOR INDUSTRY CAUSES, EDUCATIONAL PROGRAMS AND TRADE PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING & ADVOCACY FOR INDUSTRY MEMBERS - THE ASSOCIATION REPRESENTS MEMBERS ON NATIONAL ISSUES OF UNIQUE IMPORTANCE TO FOOTWEAR RETAILERS AND DISTRIBUTORS
INTELLECTUAL PROPERTY - ADVISES MEMBERS ON INTELLECTUAL PROPERTY RIGHTS DEVELOPMENTS AFFECTING THE FOOTWEAR INDUSTRY
EDUCATIONAL PROGRAMS - THE ASSOCIATION SPONSORS SEVERAL EDUCATIONAL PROGRAMS EACH YEAR ON ISSUES RELATING TO THE MANAGEMENT AND OPERATIONS OF INDUSTRY MEMBERS
TRADE PUBLICATIONS - REPORTS ARE PRODUCED THAT PROVIDE FOOTWEAR RETAIL EXECUTIVES WITH CONCISE SUMMARIES OF IMPORTANT NEWS AND DEVELOPMENTS IN LABOR LAWS AND EMPLOYEE RELATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Priest President & CEO | OfficerTrustee | 40 | $654,911 |
Jennifer Bendall Chairman | OfficerTrustee | 1 | $0 |
Josue Solano Vice Chairman | OfficerTrustee | 1 | $0 |
Dan Friedman Treasurer | OfficerTrustee | 1 | $0 |
Peter Bragdon Director | Trustee | 1 | $0 |
Mike Chamberas 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 | $3,671,183 |
| Investment income | $26,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,697,615 |
| 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. | $1,805,428 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,502 |
| Pension plan accruals and contributions | $22,036 |
| Other employee benefits | $20,676 |
| Payroll taxes | $73,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,950 |
| Fees for services: Accounting | $61,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,250 |
| Advertising and promotion | $252,945 |
| Office expenses | $58,610 |
| Information technology | $48,651 |
| Royalties | $0 |
| Occupancy | $57,554 |
| Travel | $56,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $936,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,947 |
| Insurance | $21,411 |
| All other expenses | $0 |
| Total functional expenses | $3,898,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,117 |
| Savings and temporary cash investments | $159,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,895 |
| 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 | $21,442 |
| Investments—publicly traded securities | $2,795,118 |
| Investments—other securities | $2,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,101,074 |
| Accounts payable and accrued expenses | $261,802 |
| Grants payable | $0 |
| Deferred revenue | $42,500 |
| 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 | $208,565 |
| Total liabilities | $512,867 |
| Net assets without donor restrictions | $2,588,207 |
| 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 | $3,101,074 |