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
10 cents of each dollar spent went to programs.
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
39 people listed on the 990; $154K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
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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.
Questions for Accessory Council INC
Your first name shows with your question. Accessory Council INC answers here, for everyone.
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Next Generation Awards
This program achieves its exempt purpose by recognizing the achievment of students in the fashion industry which brings those in attendance together to further educate the industry as a whole.
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.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $492K | $500K |
| Land, buildings, equipmentLn 10c | $18K | $16K |
| Total assetsLn 16 | $581K | $582K |
| LiabilitiesLn 26 | $31K | $196K |
| Net assetsLn 32 | $550K | $386K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $154K | $154K | ||
| Pay of disqualified personsLn 6 | $188K | $188K | ||
| Payroll taxesLn 10 | $27K | $27K | ||
| Accounting feesLn 11c | $22K | $22K | ||
| Lobbying feesLn 11d | $12K | $12K | ||
| Other fees for servicesLn 11g | $14K | $14K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $854 | $854 | ||
| OccupancyLn 16 | $25K | $25K | ||
| TravelLn 17 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $68K | $54K | $15K | |
| All other expensesLn 24e | $14K | $14K | ||
| Total functional expensesLn 25 | $546K | $54K | $492K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.7M | $1.9M | −$205K | $50K | 990 PDF |
| FY2024 | $1.8M | $1.8M | −$50K | $255K | 990 PDF |
| FY2023 | $1.3M | $1.5M | −$215K | $305K | 990 PDF |
| FY2022 | $1.4M | $1.3M | $61K | $520K | 990 PDF |
| FY2021 | $1.3M | $1.2M | $73K | $459K | 990 PDF |
| FY2020 Viewing | $383K | $546K | −$164K | $386K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $382,601 revenue, 12 lines filed
Part VI · Governance 38 of 39 board members independent, 2 to look at
Part VIII · Statement of revenue $382,601 across 3 lines filed
Part IX · Statement of functional expenses $546,138 across 14 lines filed
Part X · Balance sheet $581,892 assets, 14 lines filed
Part XI · Reconciliation of net assets $386,130 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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