SWIMWEAR ASSOCIATION OF FLORIDA INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SWIMWEAR ASSOCIATION OF FLORIDA INC (EIN 65-0655133)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-04-14
IRS object ID: 201101049349300120
Schema version: 2010v3.2
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	2011-04-14T13:47:35-05:00	Timestamp
Tax Period End Date	2010-12-31	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	2010-01-01	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	2011-03-18	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DAVID L JACOBS	Name
Phone	3052741200	Phone
Date Prepared	2011-03-23	DatePrepared

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	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	1001952	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	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	3	TotalNbrEmployees
Total Gross UBI	55500	TotalGrossUBI
Net Unrelated Business Txbl Income	-3813	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	45000	ContributionsGrantsPriorYear
Contributions Grants Current Year	49500	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	856254	ProgramServiceRevenuePriorYear
Program Service Revenue CY	938843	ProgramServiceRevenueCY
Investment Income Prior Year	20231	InvestmentIncomePriorYear
Investment Income Current Year	13609	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	921485	TotalRevenuePriorYear
Total Revenue Current Year	1001952	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	135085	SalariesEtcPriorYear
Salaries Etc Current Year	127193	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	665304	OtherExpensePriorYear
Other Expenses Current Year	713366	OtherExpensesCurrentYear
Total Expenses Prior Year	800389	TotalExpensesPriorYear
Total Expenses Current Year	840559	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	121096	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	161393	RevenuesLessExpensesCY
Total Assets BOY	987368	TotalAssetsBOY
Total Assets EOY	1139179	TotalAssetsEOY
Total Liabilities BOY	17105	TotalLiabilitiesBOY
Total Liabilities EOY	10566	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	970263	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1128613	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	645438	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	645438	TotalOfOtherProgramServiceExp
Total Program Service Expense	645438	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	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
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	2	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	3	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	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	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	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	true	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 (10 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
KATHYE KUSHAY
DIR	1.00	X	0	0	0
BILL BEAVERS
DIR	1.00	X	0	0	0
LINDA CROUCH
DIR	1.00	X	0	0	0
JACK GOEBEL
DIR	1.00	X	0	0	0
LARRY WIEDER
DIR	1.00	X	0	0	0
KRISTI STEINFELD
DIR	1.00	X	0	0	0
DIANE BRUCKS
PRES	1.00		0	0	0	X
RON PIERCE
VICE-PRES	1.00		0	0	0	X
LORI LEVINE
SECY	1.00		0	0	0	X
RICHARD GILL
TREAS	1.00		0	0	0	X

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	49500	GovernmentGrants
Total Contributions	49500	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
TRADE SHOWS	607343	$607,343
MEMBERSHIP DUES	270700	$270,700
DISPLAY ADS	55500		541800	55500
FASHION SHOW TICKETS	4050	$4,050
SPONSORS	1200	$1,200

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	50	TotalRevenueColumn
Exclusion	$50	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	938843	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	13609	TotalRevenueColumn
Exclusion	$13,609	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1001952	TotalRevenueColumn
Unrelated Business Revenue	55500	UnrelatedBusinessRevenue
Exclusion	$896,952	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	92000	Total
Management And General	92000	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	25552	Total
Program Services	11755	ProgramServices
Management And General	13797	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	9641	Total
Program Services	964	ProgramServices
Management And General	8677	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	4157	Total
Program Services	416	ProgramServices
Management And General	3741	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	11076	Total
Program Services	1108	ProgramServices
Management And General	9968	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	15808	Total
Management And General	15808	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	59446	Total
Program Services	59446	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	39756	Total
Program Services	26436	ProgramServices
Management And General	13320	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	12024	Total
Program Services	6786	ProgramServices
Management And General	5238	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	32507	Total
Program Services	3617	ProgramServices
Management And General	28890	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	13541	Total
Program Services	13541	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	6146	Total
Program Services	6146	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	2984	Total
Management And General	2984	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
TRADE SHOW EXPENSES	472588	472588
PRINTING	16235	16235
	11826	11826
GRAPHIC DESIGN	6000	6000
	3500	3500

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	5772	Total
Program Services	5074	ProgramServices
Management And General	698	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	840559	Total
Program Services	645438	ProgramServices
Management And General	195121	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	9201	BOY
EOY	31905	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	919386	BOY
EOY	1040757	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	3291	BOY
EOY	4955	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	41717	BOY
EOY	44145	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	71408	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	53991	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	13773	BOY
EOY	17417	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	987368	BOY
EOY	1139179	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	100	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	17005	BOY
EOY	10566	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	17105	BOY
EOY	10566	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	970263	BOY
EOY	1128613	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	970263	BOY
EOY	1128613	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	987368	BOY
EOY	1139179	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	161393	ReconcilationRevenueExpenses
Reconcilation Other Changes	-3043	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	71408	OtherCostOrOtherBasis
Depreciation	53991	Depreciation
Book Value	17417	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	17417	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
CLIENT ADVANCE PAYMENTS	$7,998
WITHHELD PAYROLL TAXES	$2,568

Field	Value	IRS element (for citing)
Total Of Amounts	10566	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACHIEVEMENTS DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	TO ESTABLISH AND PROMOTE TRADE SHOWS FOR THE BENEFIT OF 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	NO REVIEW WAS OR WILL BE CONDUCTED.
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