Totals
- Total revenue
- $4,188,898
- Total expenses
- $4,316,851
- Contributions and grants received
- $1,163,900
- Grants paid
- $7,500
- Program service revenue
- $3,005,905
- Investment income
- $19,093
- Other revenue
- $0
- Total assets, end of year
- $4,545,376
- Total liabilities, end of year
- $2,164,962
- Net assets or fund balances, end of year
- $2,380,414
- Program services expenses (Part IX)
- $3,883,826
- Management and general expenses
- $433,025
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,883,825
Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$1,163,900
-
2a · Program service revenue: AWARDS
total $1,768,600 · related or exempt $1,768,600
-
2b · Program service revenue: CERTIFICATION & EDUCATION
total $17,843 · related or exempt $17,843
-
2c · Program service revenue: CIRCLE OF CHAMPIONS
total $295,400 · related or exempt $295,400
-
2d · Program service revenue: INDUSTRY EVENTS
total $291,650 · related or exempt $291,650
-
2e · Program service revenue: SPECIAL EVENTS and BOARD
total $632,412 · related or exempt $632,412
-
3 · Investment income
total $20,486 · related or exempt $20,486
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $133,984
-
7b · Less cost or other basis and sales expenses
securities $135,377
-
7c · Gain or loss
securities -$1,393
-
7d · Net gain or loss
total -$1,393 · related or exempt -$1,393
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,500 · program services $7,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $578,452 · program services $491,684 · management and general $86,768
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $694,441 · program services $590,275 · management and general $104,166
-
8 · Pension plan contributions
total $70,000 · management and general $70,000
-
9 · Other employee benefits
total $23,997 · management and general $23,997
-
10 · Payroll taxes
total $78,535 · program services $66,755 · management and general $11,780
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $17,038 · program services $14,482 · management and general $2,556
-
11c · Fees: accounting
total $45,858 · program services $38,979 · management and general $6,879
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $238,656 · program services $202,858 · management and general $35,798
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $59,248 · program services $47,398 · management and general $11,850
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $142,931 · program services $114,345 · management and general $28,586
-
17 · Travel
total $35,746 · program services $28,597 · management and general $7,149
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,814 · program services $1,542 · management and general $272
-
23 · Insurance
total $71,976 · program services $61,180 · management and general $10,796
-
24a · Other expenses: AWARDS CEREMONY
total $1,701,275 · program services $1,701,275
-
24b · Other expenses: CIRCLE OF CHAMPIONS
total $159,641 · program services $159,641
-
24c · Other expenses: INDUSTRY EVENTS
total $146,252 · program services $124,314 · management and general $21,938
-
24d · Other expenses: SPECIAL EVENT
total $120,978 · program services $120,978
-
24e · All other expenses
total $122,513 · program services $112,023 · management and general $10,490
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,630,216 · end of year $2,580,311
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,199,746 · end of year $1,279,446
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $90,272 · end of year $55,331
-
10a · Land, buildings and equipment: cost or other basis
$163,556
-
10b · Land, buildings and equipment: accumulated depreciation
$159,310
-
10c · Land, buildings and equipment, net
beginning of year $3,884 · end of year $4,246
-
11 · Investments: publicly traded securities
beginning of year $501,003 · end of year $589,005
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $37,389 · end of year $37,037
-
17 · Accounts payable and accrued expenses
beginning of year $170,696 · end of year $176,050
-
19 · Deferred revenue
beginning of year $1,534,000 · end of year $1,656,000
-
25 · Other liabilities
beginning of year $289,907 · end of year $332,912
-
27 · Net assets without donor restrictions
beginning of year $2,467,907 · end of year $2,380,414
Mission and programs · 2023
Mission
To inspire the world to discover the artistry and passion of fragrance. TO OBTAIN AND DISTRIBUTE EDUCATIONAL MATERIALS RELATING TO SUCH PRODUCTS.
-
ANNUAL FRAGRANCE FOUNDATION AWARDS EVENT - ACKNOWLEDGES AND HONORS THE CREATIVITY OF THE FRAGRANCE INDUSTRY.
Expenses $3,034,754 · Revenue $1,768,600
-
OTHER EVENTS
Expenses $439,324 · Revenue $924,062
-
CIRCLE OF CHAMPIONS - PAYS TRIBUTE TO AN INDIVIDUAL WHO HAS MADE A NOTEWORHTY IMPACT IN THE FRAGRANCE INDUSTRY.
Expenses $284,769 · Revenue $295,400
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Linda G LevyLINDA G LEVY
President
- Total calculated
- $563,363
- From this org
- $563,363
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $402,402
- Bonus
- $160,961
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $563,363
-
Bd Of Drectors-See AttachedBD OF DRECTORS-SEE ATTACHED
Director
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431319349302108
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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