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Accessory Council INC

Not tax-deductible

New York, NY501(c)(6)Since 1994Mutual / membership EIN 06-1405246Revenue $1.7M in FY2025Latest return filed May 13, 2026

On file with the IRSaccessoriescouncil.orgNew York, NYTax-exempt since Apr 1997

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The mission of the Accessory Council is to stimulate consumer awareness, educate the industry and stimulate the demand for fashion. The Accessory Council also serves as an advocate for the industry.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1405246) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
48¢ of each $1 spent went to programs.
$367K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $83K a year · 6% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
48%
of spending
48% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$367K
to officers and key staff · 19% of spending
Pay to officers and key staff is 19% of spending.
Part VII, Section A
Cash reserves
1.8 mo
of spending, in cash
1.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$331K
87% of total assets
Liabilities are 87% of assets.
Pt X · Ln 26
Independent board members
37
of 38 voting members
37 of 38 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.7M
-4% vs prior year
Spent
$1.9M
To programs
48%
Net assets
$50K
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$383K
FY2021$1.3M
FY2022$1.4M
FY2023$1.3M
FY2024$1.8M
FY2025$1.7M
Expenses
$1.9M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$546K
FY2021$1.2M
FY2022$1.3M
FY2023$1.5M
FY2024$1.8M
FY2025$1.9M
Net assets
$50K
FY2025▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2020$386K
FY2021$459K
FY2022$520K
FY2023$305K
FY2024$255K
FY2025$50K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $910K Management & general 52% · $992K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

38 people listed on the 990; $367K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$200,293Pt VII · Sec A
Irene Fitzgerald
Chief of Staff
$166,212Pt VII · Sec A
Brett Fialkoff
Advisory Board
$0Pt VII · Sec A
Bruna Sumberac Maney
Advisory Board
$0Pt VII · Sec A
Carol Hochman
Advisory Board
$0Pt VII · Sec A
Drew Pizzo
Board of Directors
$0Pt VII · Sec A
Fran Lukas
Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Giberson$200,293$231,617$204,200$204,200$222,689$154,200
Irene Fitzgerald$166,212—————
Sophia Strawser——$70,488———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Accessory Council INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes accessories to consumers and retailers, fostering industry discussion and advocacy.

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2 programs · $558K · in their own filed words · FY2025
01

Ace Awards

Program achieves its exempt purpose by bringing the industry together to further educate, stimulate and recognize the accessory industry and those who have made an impact.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1405246) · Dispute this line
$499Kprogram expense
02

Design Excellence Awards

This program achieves its exempt purpose by recognizing the achievement of students in the fashion industry which brings those in attendance together to further educate the industry as a whole.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1405246) · Dispute this line
$59Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$467K
Investment incomeLn 3$11K
Money outPt IX
$1.9M
Ln 25
Programscol B$910K
Managementcol C$992K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$381K
LiabilitiesLn 26$331K
PeoplePt VI, VII
38
listed · VII A
PaidVII A2
Voting boardVI 1a38
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$467K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$11K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$279K
Prepaid expenses and deferred chargesLn 9$62K
Land, buildings, equipmentLn 10c$29K
Other assetsLn 15$10K
Total assetsLn 16$381K
LiabilitiesLn 26$331K
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 512
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$316K$279K
Land, buildings, equipmentLn 10c$32K$29K
Total assetsLn 16$412K$381K
LiabilitiesLn 26$157K$331K
Net assetsLn 32$255K$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Pay of officers and key staff (Part IX, line 5)Ln 5$209K$209K
Other salaries and wagesLn 7$378K$378K
Payroll taxesLn 10$63K$63K
Management feesLn 11a$75K$75K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$90K$40K$50K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
Information technologyLn 14$3K$3K
OccupancyLn 16$73K$73K
TravelLn 17$20K$20K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$910K$868K$42K
All other expensesLn 24e$25K$25K
Total functional expensesLn 25$1.9M$910K$992K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 13, 2026 $1.7M$1.9M−$205K$50K 990 PDF
FY2024Filed with the IRS Oct 28, 2025 $1.8M$1.8M−$50K$255K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $1.3M$1.5M−$215K$305K 990 PDF
FY2022Filed with the IRS Nov 6, 2023 $1.4M$1.3M$61K$520K 990 PDF
FY2021Filed with the IRS Jul 18, 2022 $1.3M$1.2M$73K$459K 990 PDF
FY2020Filed with the IRS Nov 4, 2021 $383K$546K−$164K$386K 990 PDF

Schedules filed Part IV

C · Political and lobbying D · Assets and endowments J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $1,696,352 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $419,772$466,670
I-9 Program service revenuePrior year $1,337,336$1,219,087
I-10 Investment incomePrior year $11,624$10,595
I-11 Other revenuePrior year $240$0
I-12 Total revenuePrior year $1,768,972$1,696,352
I-13 Grants and similar amounts paidPrior year $5,725$1,490
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $505,592$649,908
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,307,885$1,249,892
I-18 Total expensesPrior year $1,819,202$1,901,290
I-19 Revenue less expensesPrior year −$50,230−$204,938
Part VI · Governance 37 of 38 board members independent, 2 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members37
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,696,352 across 5 lines filed
Lines not itemized here account for $4,350 of total revenue; see the IRS return.
VIII-1b Membership dues$466,670
VIII-1h Total contributions, gifts and grants$466,670
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,214,737$1,214,737
VIII-3 Investment incomeExcluded from tax $10,595$10,595
VIII-12 Total revenueRelated to mission $1,219,087 · Unrelated business $0 · Excluded from tax $10,595$1,696,352
Part IX · Statement of functional expenses $1,901,290 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,490$1,490
IX-5 Pay of officers and key staff (Part IX, line 5)Management $209,000$209,000
IX-7 Other salaries and wagesManagement $378,396$378,396
IX-10 Payroll taxesManagement $62,512$62,512
IX-11a Management feesManagement $74,838$74,838
IX-11b Legal feesManagement $12,082$12,082
IX-11c Accounting feesManagement $20,900$20,900
IX-11g Other fees for servicesPrograms $40,000 · Management $50,000$90,000
IX-12 Advertising and promotionManagement $2,413$2,413
IX-13 Office expensesManagement $5,755$5,755
IX-14 Information technologyManagement $3,267$3,267
IX-16 OccupancyManagement $73,088$73,088
IX-17 TravelManagement $20,330$20,330
IX-22 Depreciation, depletion and amortizationManagement $2,717$2,717
IX-23 InsuranceManagement $9,526$9,526
IX-24 Other expenses (24a–d)Programs $868,082 · Management $42,383$910,465
IX-24e All other expensesManagement $24,511$24,511
IX-25 Total functional expensesPrograms $909,572 · Management $991,718 · Fundraising $0$1,901,290
Part X · Balance sheet $380,829 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $57,004$28,747
X-2 Savings and temporary cash investmentsStart of year $259,394$249,814
X-9 Prepaid expenses and deferred chargesStart of year $50,410$62,392
X-10c Land, buildings and equipment, netStart of year $32,093$29,376
X-15 Other assetsStart of year $10,500$10,500
X-16 Total assetsStart of year $412,101$380,829
X-17 Accounts payable and accrued expensesStart of year $10,912$170,770
X-19 Deferred revenueStart of year $12,500$34,000
X-25 Other liabilitiesStart of year $133,975$126,283
X-26 Total liabilitiesStart of year $157,387$331,053
X-27 Net assets without donor restrictionsStart of year $254,714$49,776
X-32 Total net assets or fund balancesStart of year $254,714$49,776
X-33 Total liabilities and net assetsStart of year $412,101$380,829
Part XI · Reconciliation of net assets $49,776 net assets at year end
XI-1 Total revenue$1,696,352
XI-2 Total expenses$1,901,290
XI-3 Revenue less expenses−$204,938
XI-4 Net assets at start of year$254,714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$49,776

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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