Fashion Accessories Shippers Association Inc
- Assets
- $8.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 13-3397527
Organization Overview
Fashion Accessories Shippers Association Inc, operating under the name Gemini Shippers Group, is located in New York, NY. The organization was established in 1993. 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, Gemini Shippers Group employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gemini Shippers Group 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, Gemini Shippers Group generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 2.3% 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
FASA, AS A TRADE ASSOCIATION, DISSEMINATES CURRENT INFORMATION TO THOSE IN THE FASHION ACCESSORY INDUSTRY, SUCH AS MANUFACTURERS, SHIPPERS, AND IMPORTERS, INCLUDING UP-TO-DATE INTERNATIONAL TRADE AND SHIPPING INFORMATION, ADVISING ON LEGAL AND GOVERNMENTAL AFFAIRS IMPACTING THE INDUSTRY, SUPPLYING U.S. CUSTOMS INFORMATION WHILE ALSO OFFERING ACCESS TO COST EFFECTIVE LOGISTICS DATA AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING REPRESENTATION TO AND PROMOTING THE INTERESTS OF THE FASHION ACCESSORY INDUSTRY BEFORE STATE AND FEDERAL GOVERNMENTAL RULE MAKING AGENCIES AND ELECTED OFFICIALS.
501C(6) NOT REQUIRED TO COMPLETE PART III
PROVIDING UP TO DATE INTERNATIONAL TRADE AND SHIPPING INFORMATION, PROVIDING ADVICE IN LEGAL AND GOVERNMENTAL AFFAIRS, SUPPLYING U.S. CUSTOMS INFORMATION AND PROMOTING THE FUTURE DEVELOPMENT OF THE INDUSTRY AND ITS LOGISTICS INTERESTS THROUGH STUDENT INTERNSHIP PLACEMENTS WITHIN THE FASHION ACCESSORY INDUSTRY.
PROVIDING INFORMATION TO THE FASHION ACCESSORY TRADE AND RELATED INDUSTRIES TO PERMIT THEM TO ACCESS COST EFFECTIVE LOGISTICS SERVICES,INCLUDING FREIGHT AUDITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth O'brien President | OfficerTrustee | 40 | $1,017,477 |
Nicole Uchrin Managing Dir | Officer | 40 | $315,899 |
Jonathan Shorts It Director | Officer | 40 | $207,571 |
Richard Moore Employee | 40 | $204,203 | |
Nilanjan Mitra Thakur Employee | 40 | $192,752 | |
Arlene Blocker Employee | 40 | $133,459 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dorea International Inc Mgt Consulting | 12/30/22 | $423,510 |
Ron Van Bavel Membership Deve | 12/30/22 | $136,452 |
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 | $6,389,327 |
| Investment income | -$244,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,079,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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. | $1,700,947 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,431,335 |
| Pension plan accruals and contributions | $75,232 |
| Other employee benefits | $135,108 |
| Payroll taxes | $157,916 |
| Fees for services: Management | $557,166 |
| Fees for services: Legal | $23,713 |
| Fees for services: Accounting | $21,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,246 |
| Fees for services: Other | $314,876 |
| Advertising and promotion | $7,694 |
| Office expenses | $3,371 |
| Information technology | $2,386 |
| Royalties | $0 |
| Occupancy | $76,975 |
| Travel | $83,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,775 |
| Insurance | $61,542 |
| All other expenses | $30,633 |
| Total functional expenses | $5,109,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,250,757 |
| Savings and temporary cash investments | $472,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $337,841 |
| 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 | $2,322,319 |
| Investments—publicly traded securities | $3,780,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,164,666 |
| Accounts payable and accrued expenses | $0 |
| 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 | $104,569 |
| Other liabilities | $19,339 |
| Total liabilities | $123,908 |
| Net assets without donor restrictions | $0 |
| 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 | $8,040,758 |
| Total liabilities and net assets/fund balances | $8,164,666 |