American Association Of Cosmetology Schools Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 07/1962
- Data as of
- 12/2021
- EIN
- 13-6163824
Organization Overview
American Association Of Cosmetology Schools Inc is located in Washington, DC. The organization was established in 1962. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 12/2021, American Association Of Cosmetology Schools Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Cosmetology Schools Inc 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 12/2021, American Association Of Cosmetology Schools Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AACS BRINGS TOGETHER ALL FACETS OF THE COSMETOLOGY, BEAUTY, AND WELLNESS INDUSTRIES TO ADVANCE THE EDUCATION OF COSMETOLOGY, BEAUTY AND WELLNESS AND TO REPRESENT THE INTERESTS OF RELATED EDUCATIONAL INSTITUTIONS AND THEIR STUDENTS BEFORE REGULATORY AND LEGISLATIVE BODIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF DECEMBER 31, 2021, WE HAD 539 COSMETOLOGY SCHOOL MEMBERS, 86 PARTNER MEMBERS, AND 5,920 COSMETOLOGY EDUCATORS AND STUDENTS. WE HOLD THREE ANNUAL WORKSHOPS/CONVENTIONS EACH YEAR TO PROVIDE OUR MEMBERS WITH EDUCATIONAL AND NETWORKING OPPORTUNITIES. IN ADDITION, WE OFFER AN ACTIVE EMAIL LISTSERVE REGULARLY USED BY OUR SCHOOL MEMBERSHIP TO SHARE IDEAS AND BEST PRACTICES. FINALLY, WE PRODUCE QUARTERLY/WEEKLY PUBLICATIONS AND WORK WITH AN INDUSTRY LOBBYIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil Kidd Executive Di | Officer | 40 | $29,807 |
Anthony Civitano Former Execu | Officer | 40 | $26,250 |
Michael Halmon Chair | OfficerTrustee | 2 | $0 |
Kathy Koluch Vice Chair | OfficerTrustee | 2 | $0 |
Sandra Bruce Treasurer/se | OfficerTrustee | 2 | $0 |
Garrett Shuler Strategy Com | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Akerman Llp Legal Lobbying | 3/30/16 | $263,920 |
Aventura A Premier Catering Company Catering Services | 3/30/16 | $120,330 |
Naylor Llcnaylor Assoc Solutions Assoc. Consultants | 3/30/16 | $100,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $527,866 |
| Fundraising events | $343,385 |
| 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 | $871,251 |
| Total Program Service Revenue | $109,007 |
| Investment income | $23,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,066,197 |
| 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. | $56,057 |
| Compensation of current officers, directors, key employees. | $16,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,355 |
| Payroll taxes | $6,817 |
| Fees for services: Management | $507,466 |
| Fees for services: Legal | $41,537 |
| Fees for services: Accounting | $24,948 |
| Fees for services: Lobbying | $265,240 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $336 |
| Office expenses | $8,868 |
| Information technology | $60,371 |
| Royalties | $0 |
| Occupancy | $2,623 |
| Travel | $24,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,394 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110 |
| Insurance | $588 |
| All other expenses | $583 |
| Total functional expenses | $1,292,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,961 |
| Savings and temporary cash investments | $103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $177,022 |
| Net Land, buildings, and equipment | $1,686 |
| Investments—publicly traded securities | $726,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,137,711 |
| Accounts payable and accrued expenses | $112,217 |
| Grants payable | $0 |
| Deferred revenue | $315,567 |
| 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 | $150,000 |
| Total liabilities | $577,784 |
| Net assets without donor restrictions | $559,927 |
| 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 | $1,137,711 |
Endowment Analysis
| Beg. Balance | $436,172 |
| Ending Balance | $436,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Railway Labor Conference 7324 Rrb No Arlington, VA | $5,259,981 | $12,455,580 |
The National Right To Work Committee Inc Springfield, VA | $20,653,179 | $10,236,180 |
Hr Policy Association Arlington, VA | $6,326,982 | $10,167,800 |
Jobs With Justice Education Fund Washington, DC | $16,599,797 | $16,367,388 |
Physicians for Fair Coverage Ltd Washington, DC | $0 | $1,580,139 |
American Association Of Cosmetology Schools Inc Washington, DC | $1,137,711 | $1,066,197 |
Coding It Forward Inc Washington, DC | $1,870,920 | $1,171,199 |
Tax Council Washington, DC | $1,516,829 | $933,411 |
Market Research Foundation Fairfax, VA | $57,632 | $622,000 |
Maryland Asphalt Association Inc Glen Burnie, MD | $591,914 | $622,797 |
Employ America Action Fund Washington, DC | $810,911 | $500,300 |
Pay Our Interns Washington, DC | $141,827 | $321,081 |