Accessories Resource Team 1 Inc
- Assets
- $77.1k
- Revenue
- $233.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 59-3287834
Organization Overview
Accessories Resource Team 1 Inc is located in Charlotte, NC. The organization was established in 1997. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accessories Resource Team 1 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 12/2022, Accessories Resource Team 1 Inc generated $233.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $251.3k during the year ending 12/2022. While expenses have increased by 10.9% 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
PROMOTE HOME ACCESSORIES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING, WORKSHOPS, SPEAKERS & ROUND TABLE DISCUSSIONS TO TEACH SALES & MARKETING TECHNIQUE. ANNUAL ART AWARDS, ADMINISTRATIVE SUPPORT & VOLUNTEER ACTIVITIES, MAKE ANNUAL AWARDS TO RETAILER, MANUFACTURER, SALES & DESIGNER IN INDUSTRY. ANNUAL MEETING & TRADE SHOW EVENT.
PROVIDE TRAINING, WORKSHOPS, SPEAKERS & ROUND TABLE DISCUSSIONS TO TEACH SALES & MARKETING TECHNIQUE. ANNUAL ART AWARDS, ADMINISTRATIVE SUPPORT & VOLUNTEER ACTIVITIES, MAKE ANNUAL AWARDS TO RETAILER, MANUFACTURER, SALES & DESIGNER IN INDUSTRY. ANNUAL MEETING & TRADE SHOW EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Del Negro At Large | Trustee | 2 | $0 |
Colleen Daly At Large | Trustee | 2 | $0 |
Dan Wieczorek At Large | Trustee | 2 | $0 |
Colleen Visage President | OfficerTrustee | 2 | $0 |
Rachel Fleischer At Large | Trustee | 2 | $0 |
Santhi Yarlagadda At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,186 |
| 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 | $22,186 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,186 |
| Total Program Service Revenue | $205,121 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,662 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,969 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $71,568 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,791 |
| Advertising and promotion | $5,544 |
| Office expenses | $4,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,244 |
| Travel | $16,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,011 |
| All other expenses | $1,211 |
| Total functional expenses | $251,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,200 |
| 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 | $12,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,053 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $31,260 |
| 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 | $0 |
| Total liabilities | $31,260 |
| Net assets without donor restrictions | $45,793 |
| 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 | $77,053 |