SWIMWEAR ASSOCIATION OF FLORIDA INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: SWIMWEAR ASSOCIATION OF FLORIDA INC (EIN 65-0655133)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-24
IRS object ID: 201311489349300306
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule C
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-24T12:49:54-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JACOBS NONES & CARNEY CPAS LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	6401 SW 87TH AVE STE 204	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33173	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	650655133	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SWIMWEAR ASSOCIATION OF FLORIDAINC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SWIM	NameControl
Phone	3055967889	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8900 SW 117 AVENUE SUITE C-205	AddressLine1
Address Line2	ROOM/SUITE C-205	AddressLine2
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DIANE BRUCKS	Name
Title	PRESIDENT	Title
Phone	3055967889	Phone
Date Signed	2013-03-19	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DAVID L JACOBS	Name
Phone	3052741200	Phone
Date Prepared	2013-03-20	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DIANE BRUCKS PRESIDENT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	8900 SW 117 AVE STE C-205	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1154562	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.SWIMSHOW.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Activity Or Mission Description	THIS ORGANIZATION WAS FORMED TO UNITE WITHIN ITS MEMBERSHIP PERSONS CHIEFLY ENGAGED IN THE SALE OF SWIMWEAR AT WHOLESALE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	4	TotalNbrEmployees
Total Gross UBI	92887	TotalGrossUBI
Net Unrelated Business Txbl Income	-8328	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	40000	ContributionsGrantsPriorYear
Contributions Grants Current Year	32500	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1072880	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1116445	ProgramServiceRevenueCY
Investment Income Prior Year	7990	InvestmentIncomePriorYear
Investment Income Current Year	5617	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1120870	TotalRevenuePriorYear
Total Revenue Current Year	1154562	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	174601	SalariesEtcPriorYear
Salaries Etc Current Year	186538	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	943402	OtherExpensePriorYear
Other Expenses Current Year	1031391	OtherExpensesCurrentYear
Total Expenses Prior Year	1118003	TotalExpensesPriorYear
Total Expenses Current Year	1217929	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	2867	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-63367	RevenuesLessExpensesCY
Total Assets BOY	1133664	TotalAssetsBOY
Total Assets EOY	1071941	TotalAssetsEOY
Total Liabilities BOY	10784	TotalLiabilitiesBOY
Total Liabilities EOY	13875	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1122880	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1058066	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THIS ORGANIZATION WAS FORMED TO UNITE WITHIN ITS MEMBERSHIP PERSONS CHIEFLY ENGAGED IN THE SALE OF SWIMWEAR AT WHOLESALE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	N/A	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	N/A	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	N/A	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	1211276	Expense
Description	TO ESTABLISH AND PROMOTE TRADE SHOWS FOR THE BENEFIT OF MEMBERS.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	1211276	TotalOfOtherProgramServiceExp
Total Program Service Expense	1211276	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	true	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	4	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JUDY STEIN	NamePerson
Telephone Number	3055967889	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	8900 SW 117 AVE SUITE C-205	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
KATHYE KUSHAY
SECRETARY	X	0	0	0
BILL BEAVERS
DIR	X	0	0	0
LINDA CROUCH
DIR	X	0	0	0
JACK GOEBEL
DIR	X	0	0	0
LARRY WIEDER
DIR	X	0	0	0
KRISTI STEINFELD
DIR	X	0	0	0
DIANE BRUCKS
PRES		0	0	0	X
RON PIERCE
VICE PRESIDE		0	0	0	X
LORI LEVINE
DIR		0	0	0	X
RICHARD GILL
TREASURER		0	0	0	X
JUDY STEIN
EXEC DIR		105440	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	105440	TotalReportableCompFromOrg
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	32500	GovernmentGrants
Total Contributions	32500	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
TRADE SHOWS	718297	$718,297
MEMBERSHIP DUES	272761	$272,761
DISPLAY ADS	92887		541800	92887
SPONSORS	32500	$32,500

Field	Value	IRS element (for citing)
Total Program Service Revenue	1116445	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	5617	TotalRevenueColumn
Exclusion	$5,617	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1154562	TotalRevenueColumn
Unrelated Business Revenue	92887	UnrelatedBusinessRevenue
Exclusion	$1,029,175	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	172657	Total
Program Services	172657	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	13881	Total
Program Services	13881	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	7797	Total
Program Services	7797	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12225	Total
Program Services	12225	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	22500	Total
Program Services	22500	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	149474	Total
Program Services	149474	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	41968	Total
Program Services	40646	ProgramServices
Management And General	1322	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	18335	Total
Program Services	18335	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	32100	Total
Program Services	32100	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	42164	Total
Program Services	42164	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	3474	Total
Management And General	3474	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
TRADE SHOW EXPENSES	684185	684185
TRAVEL	7292	7292
POSTAGE & FREIGHT	7142	7142
DONATION	1000		1000

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1735	Total
Program Services	878	ProgramServices
Management And General	857	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1217929	Total
Program Services	1211276	ProgramServices
Management And General	6653	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	3647	BOY
EOY	44778	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1044328	BOY
EOY	935558	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	33537	BOY
EOY	48583	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	138144	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	95122	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	52152	BOY
EOY	43022	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1133664	BOY
EOY	1071941	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	10784	BOY
EOY	13875	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	10784	BOY
EOY	13875	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	1122880	BOY
EOY	1058066	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1122880	BOY
EOY	1058066	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1133664	BOY
EOY	1071941	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-63367	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1447	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Substantially All Dues Nondeduct	true	SubstantiallyAllDuesNondeduct
Only In House Lobbying	false	OnlyInHouseLobbying
Agree To Carryover Prior Year	false	AgreeToCarryoverPriorYear

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	138144	OtherCostOrOtherBasis
Depreciation	95122	Depreciation
Book Value	43022	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	43022	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
DUE TO EXPO	$6,199
WITHHELD PAYROLL TAXES	$3,636
CLIENT ADVANCE PAYMENTS	$3,001
DUE TO LOEWS MIAMI BEACH	$1,039

Field	Value	IRS element (for citing)
Total Of Amounts	13875	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	TO ESTABLISH AND PROMOTE TRADE SHOWS FOR THE BENEFIT OF MEMBERS.
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS HAVE THE RIGHT TO ELECT OFFICERS/DIRECTORS AND APPROVE CHANGES TO THE BY-LAWS AND SIGNIFICANT CHANGES IN OPERATION.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	MEMBERS APPROVE CHANGES TO THE BY-LAWS AND SIGNIFICANT CHANGES TO OPERATIONS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE FINANCIAL STATEMENT AND TAX RETURN ARE SENT TO THE EXECUTIVE DIRECTOR FOR REVIEW. COPIES ARE AVAILABLE IN THE EXECUTIVE DIRECTOR'S OFFICE FOR REVIEW BY THE BOARD
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	EXECUTIVE PAY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	DIFFERENCE BETWEEN BOOK AND TAX 1,447