STYLEMARK INC EMPLOYEE BENEFIT PLAN: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: STYLEMARK INC EMPLOYEE BENEFIT PLAN (EIN 59-3142475)
Tax period: 2010-06-01 to 2011-05-31
Filed: 2012-04-13
IRS object ID: 201231049349300028
Schema version: 2010v3.7
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 D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-04-13T12:55:05-05:00	Timestamp
Tax Period End Date	2011-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Thomas Howell Ferguson PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2615 Centennial Blvd Suite 200	AddressLine1
City	Tallahassee	City
State	FL	State
ZIP Code	32308	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	593142475	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	STYLEMARK INC EMPLOYEE BENEFIT PLAN	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	STYL	NameControl
Phone	3866734966	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2 SUNSHINE BLVD	AddressLine1
City	ORMOND BEACH	City
State	FL	State
ZIP Code	321748754	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ANTHONY DIPAOLA	Name
Title	Executive VP	Title
Date Signed	2012-04-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	8506688100	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MARK ASCIK	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	2 SUNSHINE BLVD	AddressLine1
City	ORMOND BEACH	City
State	FL	State
ZIP Code	321748754	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	2011175	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Year Formation	1989	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	THE PLAN PROVIDES MEDICAL & DENTAL BENEFITS TO ALL STYLEMARK, INC EMPLOYEES AND THEIR DEPENDENTS WHO ELECT TO BE COVERED UNDER THE PLAN AND WHO MEET ELIGIBILITY REQUIREMENTS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2795383	ProgramServiceRevenuePriorYear
Program Service Revenue CY	2011175	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	2795383	TotalRevenuePriorYear
Total Revenue Current Year	2011175	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	2267557	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	1574644	BenefitsPaidToMembersCY
Salaries Etc Prior Year	0	SalariesEtcPriorYear
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	501707	OtherExpensePriorYear
Other Expenses Current Year	464538	OtherExpensesCurrentYear
Total Expenses Prior Year	2769264	TotalExpensesPriorYear
Total Expenses Current Year	2039182	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	26119	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-28007	RevenuesLessExpensesCY
Total Assets BOY	384718	TotalAssetsBOY
Total Assets EOY	216084	TotalAssetsEOY
Total Liabilities BOY	269959	TotalLiabilitiesBOY
Total Liabilities EOY	129332	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	114759	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	86752	NetAssetsOrFundBalancesEOY
Mission Description	THE PLAN PROVIDES MEDICAL & DENTAL BENEFITS TO ALL STYLEMARK, INC EMPLOYEES AND THEIR DEPENDENTS WHO ELECT TO BE COVERED UNDER THE PLAN AND WHO MEET ELIGIBILITY REQUIREMENTS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	THE PLAN PROVIDES MEDICAL & DENTAL BENEFITS TO ALL STYLEMARK, INC EMPLOYEES AND THEIR DEPENDENTS WHO ELECT TO BE COVERED UNDER THE PLAN AND WHO MEET ELIGIBILITY REQUIREMENTS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
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	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	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
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
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	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	0	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	false	MembersOrStockholders
Election Of Board Members	false	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	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	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	FAYE REED	NamePerson
Telephone Number	3866734966	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2 SUNSHINE BLVD	AddressLine1
City	ORMOND BEACH	City
State	FL	State
ZIP Code	321748754	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
MARK A ASCIK
DIRECTOR/ CEO-President	40.0	X	X	0	0	0
WARREN STEPHENS
Director	40.0	X		0		0
RICHARD H BLANK JR
Director	40.0	X		0	0	0
NOEL STRAUSS
Director	40.0	X		0	0	0
ORVILLE ANKARLO
Director	40.0	X		0	0	0
Anthony Dipaolo
Executive VP	40.0		X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Field	Value	IRS element (for citing)
Name Person	United HealthCare Insurance Company	NamePerson

Field	Value	IRS element (for citing)
Address Of Contractor		AddressOfContractor
Description Of Services	ADMINISTRATIVE SVCS	DescriptionOfServices
Compensation	463085	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
EMPLOYER CONTRIBUTIONS	900099	1326827	1326827
EMPLOYEE CONTRIBUTIONS	900099	521969	521969
INSURANCE REIMBURSEMENTS	900099	162379	162379

Field	Value	IRS element (for citing)
Total Program Service Revenue	2011175	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Other Revenue	0	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2011175	TotalRevenueColumn
Related Or Exempt Function Income	2011175	RelatedOrExemptFunctionIncome

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	1574644	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	0	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	0	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	0	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	0	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	259171	Total

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	ADMINISTRATIVE FEES	Description
Total	205367	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2039182	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	45492	BOY
EOY	43157	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	325853	BOY
EOY	172927	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	13373	BOY
EOY	0	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	384718	BOY
EOY	216084	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	269959	BOY
EOY	129332	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	269959	BOY
EOY	129332	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	114759	BOY
EOY	86752	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	114759	BOY
EOY	86752	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	384718	BOY
EOY	216084	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-28007	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts
Land		Land
Buildings		Buildings
Leasehold Improvements		LeaseholdImprovements
Equipment		Equipment
Other Land Buildings		OtherLandBuildings
Total Revenue	2011175	TotalRevenue
Total Expenses	2039182	TotalExpenses
Excess Or Deficit For Year	-28007	ExcessOrDeficitForYear
Other	-$153,443	OtherAmount
Total Adjustments	-153443	TotalAdjustments
Excess Or Deficit Per FS	-181450	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	2011175	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	2011175	RevenueSubtotal
Total Revenue Per Form990	2011175	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2192625	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	153443	OtherExpensesIncluded
Expenses Not Rptd F990	153443	ExpensesNotRptdF990
Expenses Subtotal	2039182	ExpensesSubtotal
Total Expenses Per Form990	2039182	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Part XI: Reconciliation of Changes in Net Assets	Line 8	Other: Decrease in accrued benefits payable 153,443
PART XIII: RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STMTS	Line 2d	OTHER: DECREASE IN ACCRUED BENEFITS PAYABLE 153,443

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE	SECTION A, LINE 7B	DECISIONS OF THE BOARD ARE SUBJECT TO APPROVAL OF THE PLAN SPONSOR'S GOVERNING BODY.
PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURe	SECTION B, LINE 11	BEFORE SUBMISSION TO THE INTERNAL REVENUE SERVICE, THE FORM 990 FOR THE STYLEMARK EMPLOYEE BENEFIT PLAN IS REVIEWED BY FAYE REED, TAX MANAGER.
PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE	SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.