Beauty Industry Fund for Consumer Protection
Nonprofit profile at a glance
- EIN
- 800015957
- IRS 990-EZ coverage
- 2010–2014
- Forms available
- Form 990-EZ 2014
- Location
- Hutchinson, KS, USA
- Phone
- 9528061729
- Rating confidence
- Limited
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $0
- Expenses
- $8,937
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ERIC BAKKEN (PRESIDENT)
People named in this filing
- ERIC BAKKEN (PRESIDENT)
- GARY WINTERHALTER (BOARD MEMBER)
- DAVID BERSTEIN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support and strengthen the professional beauty industry by eliminating product diversion.
What it reported doing in 2014
Founded in 2001, the beauty industry fund (bif) is an association comprised of manufacturers, distributors and salon owners with a mission to support and strengthen the professional beauty industry by eliminating product diversion.bif enlists the help of ac nielsen/market decisions and provides members with detailed quarterly reports outlining the exact volume and price of diverted professional products that are being sold by mass retailers.when you become a member of bif, you will receive an extensive and detailed quarterly analysis directly from ac nielsen/market decisions. By providing in-depth product diversion information to the industry, bif is able to witness where their anti-diversion techniques are working and where they are falling short.with our extensive diversion data, we are able to inform the industry and public about just how serious this problem has become, and garner support for our efforts to stop this dangerous practice. Open letters to the industry appear frequently in major publications such as american salon and modern salon. These letters include recent bif efforts and also update readers with the latest diversion data. The beauty industry fund also sends letters to every mass retailer that sells diverted professional products. These letters remind retailers just how unethical this practice is, and inform them that the products they are selling are either counterfeit, old, tampered with, contain harmful bacteria or may have been obtained by unethical means. After receiving these letters, mass retailers can no longer claim they were "unaware".
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 73.7%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -97.4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -59.1% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 73.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2010 to 2014
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.