Fcfrm
OMB No 1545-0047
9 90
Return of Organization Exempt From Income Tax
2007
Under section 501 (c), 527 , or 4947(aXl) of the Internal Revenue Code
(except black lung benefit trust or private foundation)
Department of the Treasury
Internal Revenue Service(77)
A
For the 2007 calendar year, or tax year be g innin g
B
Check if applicable
Address change
Name change
7/01
, 2007, and ending
6/30
2008
Employer Identification Number
C
Please use
IRS label
or print
or type.
Independent Cosmetic Mfg. & Dist. Inc.
52-1062287
1220 West Northwest Highway
Initial return
specific Palatine,
Termination
Instructions.
E
Telephone number
F
Accounting
method :
IL 60067-1803
847-991-4499
Amended return
Application pending
H (a) Is this a group return for affiliates?
H (b)
Web site: 01 N/A
J
Organization ty a
K
Check here
if the organization is not a 509(a)(3) supporting organization and its
gross receipts are normally not more than $25,000 A return is not required, but if the
organization chooses to file a return, be sure to file a complete return
^
X
501(c)
6 4
(insert no )
4947( a)(1) or
eipts Add lines 6b, 8b, 9b, and 10b to line 12
^ 780,211.
Revenue . Expenses . and Chanoes in Net Assets or Fu
a
b
c
d
$
noncash
1
1
1
1
$
I
M
E
v
d ^N
E
r
It
r:
n
C,
r
C
C
CD
E
P
13
14
Other revenue (from Part VII, line 103)
Total revenue . Add lines le, 2, 3, 4, 5, 6c, 7, 8d, 9c, 1Oc, an
Program services (from line 44, column (B))
Management and general (from line 44, column (C))
)
1 e
11
15
Yes
X
No
2
3
4
5
0.
307 989.
438 , 791.
33 , 414.
6c
7
8d
9c
10e
11
12
17.
78T- 211 .
13
qr
NOV 0 I 2008
Cl)
t
Fundraising (from line 44, column (D))
cr
E 16 Payments to affiliates (attach schedule)
S 17 Total ex penses . Add lines 16 and 44, column (A)
A 18 Excess or (deficit) for the year Subtract line 17 from line 12
N 5 19 Net assets or fund balances at beginning of year (from line 73, column (A))
See Statement 1
Other changes in net assets or fund balances (attach explanation)
T T 20
s 21 Net assets or fund balances at end of year Combine lines 18, 19, and 20
TEEA0109L
BAA For Privacy Act and Paperwork Reduction Act Notice , see the separate instructions .
N
No
a
b
c
d
Program service revenue including government fees and contracts (from Part VII, line 93)
Membership dues and assessments
Interest on savings and temporary cash investments
Dividends and interest from securities
Gross rents
6a
Less rental expenses
6b
c Net rental income or (loss) Subtract line 6b from line 6a
10.
7 Other investment income (describe
(A) Securities
(B) Other
8a Gross amount from sales of assets other
8a
than inventory
8b
b Less cost or other basis and sales expenses
8c
c Gain or (loss) (attach schedule)
d Net gain or (loss) Combine line 8c, columns (A) and (B)
0.
9 Special events and activities (attach schedule) If any amount is from gaming , check here
$
of contributions
a Gross revenue (not including
9a
reported on line lb)
9b
b Less direct expenses other than fundraising expenses
c Net income or (loss) from special events Subtract line 9b from line 9a
10a
10a Gross sales of inventory, less returns and allowances
10 b
b Less cost of goods sold
c Gross profit or (loss) from sales of inventory (attach schedule) Subtract line teb from line 10a
11
12
Yes
^
Grou p Exemption Number
Check ^ X if the organization is not required
to a tta ch Schedu l e B ( Form 990, 990- EZ, or 990- PF)
2
3
4
5
6a
b
C
No
ances (Jee me In.crrucnnns. )
Contributions, gifts, grants, and similar amounts receivedContributions to donor advised funds
Direct public support (not included on line 1 a)
Indirect public support (not included on line la)
Government contributions (grants) (not included on line 1 a)
e Total (add lines
I a through 1d) (cash
H (d) Is this a separate return filed by an
organization covered by a group ruling?
171 527
Yes
If 'Yes,' enter number of affiliates
H (C) Are all affiliates included'
(if 'No, ' attach a list See instructions
check onl y one
1
X Accrual
H andl are not applicable to section 527 organizations
• Section 501 ( cX3) organizations and 4947(aXl ) nonexempt
G
rt
Cash
Other (specify) ^
charitable trusts must attach a completed Schedule A
(Form 990 or 990-EZ).
L
Open to Public
Inspection
^ The organization may have to use a copy of this return to satisfy state reporting requirements
14
15
16
17
18
711,582.
19
686,847.
20
21
12/27107
68, 629.
30,063.
785, 539.
Form 990 (2007)
Form 990 (20Q7,).
Independent Cosmetic Mfq-.- & Di st . Inc.
-1062287
Statement of Functional Expenses All organizations must complete column (A) Columns (B), (C) and (D) are required
for section 501 (c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others. (See instruct)
(B) Program
Do not include amounts reported on line
(C) Management
(A) Total
(D) Fundraising
services
6b, 8b, 9b, 10b, or 16 of Part I
and g eneral
Part Il
22a Grants paid from donor advised
funds (attach sch)
$
(cash
non-cash $
)
If this amount includes
foreign grants, check here
22b Other grants and allocations (att sch)
$
(cash
non-cash $
23
24
22a
If this amount includes
foreign grants, check here
22b
Specific assistance to individuals
(attach schedule)
23
Benefits paid to or for members
(attach schedule)
24
25a Compensation of current officers,
directors, key employees, etc listed
in Part V-A
b Compensation of former officers,
directors, key employees, etc listed
in Part V-B
c Compensation and other distributions, not
included above, to disqualified persons (as
defined under section 4958(f)(1)) and persons
described in section
4958(c)(3)(B)
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
25a
121, 450.
25b
0.
25c
0.
Salaries and wages of employees not
included on lines 25a, b, and c
26
154,792.
Pension plan contributions not
included on lines 25a, b, and c
27
4 , 881.
Employee benefits not included on
lines 25a - 27
Payroll taxes
Professional fundraising fees
Accounting fees
Legal fees
Supplies
Telephone
Postage and shipping
Occupancy
Equipment rental and maintenance
Printing and publications
Travel
Conferences, conventions, and meetings
Interest
Depreciation, depletion, etc (attach schedule)
Other expenses not covered above (itemize)
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
38,056.
aSee Statement 2
43a
------------------b
------------------c ------------------d
------------------e---- ---------------
5,211.
6, 043.
18,270.
31 , 514.
6 , 857.
29 , 827.
45 , 234.
6 , 664.
242,783.
43b
43c
43d
43e
43f
43
f -- -- --------------g
-- - ---------------44 Total functional expenses Add lines 22a
through 43g (Or anizations completin columns
B) - (D), carry these totals to lines 13q- 15 )
44
711 , 582. 1
Joint Costs . Check I^H if you are following SOP 98-2
N/A
Yes 11 No
Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services?
, ( ii) the amount allocated to Program services
If 'Yes,' enter (i) the aggregate amount of these joint costs
$
and (iv) the amount allocated
$
(iii) the amount allocated to Management and general
$
to Fundraising $
BAA
TEEA0102L 08/02/07
Form 990 (2007)
Form 490 2007
Inde p endent Cosmetic Mfg . & Dist. Inc.
Part II I
Statement of Program Service Accomplishments (See the instructions.)
52-1062287
Page3
Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular
organization How the public perceives an organization in such cases may be determined by the information presented on its return Therefore,
please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments
___
_ Program Service Expenses
What is the organization ' s primary exempt purpose ? ^ _Mem
_b_e_r _ e_duc
_ _ation_ _and_ se r_viic e
m_ _n
red for 51 c
a nd
All organizations must describe their exempt purpose achievements in a clear and concise aner -St-ate- the number of tR (4)io rgan zatioons(and
clients served , publications issued , etc Discuss achievements that are not measurable (Section 501(c)(j3) and (4) organ4947(a)(1) trusts, but
optional for others )
izations and 4947 (a )( 1 ) nonexem p t charitable trusts must also enter the amount of g rants and allocations to others
a See Statement 3
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------0. [7
Grants and allocations
If this amount includes forei g n g rants , check here
$
b
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------P. [7
Grants and allocations
If this amount includes foreign g rants , check here
$
C
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------0. [7
Grants and allocations
If this amount includes forei g n g rants , check here
$
d
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------If this amount includes foreign g rants, check here
Grants and allocations
$
e Other program services
If this amount includes foreign g rants , check here
$
(Grants and allocations
f Total of Program Service Expenses (should equal line 44, column (B), Program services)
Form 990 (2007)
BAA
TEEA0103L
12/27/07
Form 990 2007
Indep endent Cosmetic Mf g . & Dist. Inc.
Part IV Balance She ets (See the instructions.)
Note :
52-1062287
(B)
End of year
(A)
Beginning of year
Where required, attached schedules and amounts within the description
column should be for end - of-year amounts only
45
Cash - non - interest-bearing
83, 409 .
45
46
Savings and temporary cash investments
94 , 526 .
46
40, 929 .
47c
47a Accounts receivable
b Less allowance for doubtful accounts
47a
47b
48a Pledges receivable
b Less allowance for doubtful accounts
49 Grants receivable
48a
48b
Pa g e 4
92,266.
104, 236.
64,543.
64,543.
48c
49
50 a Receivables from current and former officers, directors , trustees, and key
employees ( attach schedule)
50a
b Receivables from other disqualified persons (as defined under section 4958 (f)(1))
and persons described in section 4958 (c)(3)(B) (attach schedule)
50b
A
51 a Other notes and loans receivable
(attach schedule)
b Less allowance for doubtful accounts
52 Inventories for sale or use
53 Prepaid expenses and deferred charges
54a Investments - publicly-traded securities
b Investments - other securities (attach sch )
55a Investments - land, buildings , & equipment basis
s
E
s
51a
51 b
51 c
0'
55, 1
b Less accumulated depreciation
(attach schedule )
56 Investments - other (attach schedule)
57a Land, buildings, and equipment basis
Cost
Cost
55b
57a
56, 533.
57b
49, 849 .
Other assets, including program - related investments
59
60
61
Total assets must equal line 74 Add lines 45 through 58
Accounts payable and accrued expenses
Grants payable
62
Deferred revenue
(describe ^
L
A
Statement 4
58
9,488 . 57c
137, 800. 58
See Statement 5
Loans from officers , directors, trustees , and key
employees (attach schedule)
64a Tax - exempt bond liabilities (attach schedule)
b Mortgages and other notes payable ( attach schedule)
See Statement
65 Other liabilities (describe
66 Total liabilities . Add lines 60 through 65
20,711.
648,288.
6,684.
129,357.
920, 467.
32,958 .
59
60
61
1,066,085.
16,807.
76,491.
62
162,941.
63
L
T
s
63
64a
64b
6
Organizations that follow SFAS 117, check here
through 69 and lines 73 and 74
A
67 Unrestricted
j
T
68 Temporarily restricted
69 Permanently restricted
Organizations that do not follow SFAS 117, check here ^
N
B
A
A
N
70
71
72
73
E
74
124, 171.
65
100,798.
233, 620.
66
280, 546.
686 847. 67
785 539.
and complete lines 67
N
o
F
52
53
54a
54b
55c
56
b Less accumulated depreciation
(attach schedu l e)
e FMV
FMV
10, 055.
544, 260.
68
69
and complete lines
70 through 74
Capital stock , trust principal , or current funds
Paid-in or capital surplus , or land , building, and equipment fund
Retained earnings, endowment , accumulated income, or other funds
Total net assets or fund balances. Add lines 67 through 69 or lines 70 through
72. (Column (A) must equal line 19 and column (B) must equal line 21)
Total liab ilities and net assets/fund balances. Add lines 66 and 73
70
71
72
686
920
847.
467 .
73
74
785 , 539.
1,066,085.
Form 990 (2007)
BAA
TEEA0104L
08102/07
Form 990 2007
Indep endent Cosmetic Mf g . & Dist. Inc.
52-1062287
Part 1V-A Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See the
Instructions.)
a
b
c
d
Total revenue, gains, and other support per audited financial statements
Amounts included on line a but not on Part I, line 12
1 Net unrealized gains on investments
2Donated services and use of facilities
3Recoveries of prior year grants
a
Page 5
815,719.
b1
b2
b3
4Other (specify)
-----------------------------SeeStm7_ _______ _ ________________
Add lines b1 through b4
Subtract line b from line a
Amounts included on Part I, line 12, but not on line a:
1 Investment expenses not included on Part I, line 6b
2Other (specify)
------------------------------
b4
35,508. ,
b
35,508.
c
780,211. _
d
e
780,211.
d1
d2
Add lines dl and d2
Total revenue Part I, line 12) Add lines c and d
e
1-1
Part IV- B. Reconciliation of Ex p enses p er Audited Financial Statements with Ex penses p er Return
a
b
Total expenses and losses per audited financial statements
Amounts included on line a but not on Part I, line 17
1 Donated services and use of facilities
2Prior year adjustments reported on Part I, line 20
3Losses reported on Part I, line 20
4Other (specify)
------------------------------
a
717,028.
Add lines b1 through b4
b
Subtract line b from line a
c
5,446.
711,582.
d
e
711,582.
See Stmt 8
------ - ------- - --- - --- -- - --- - ----- ----c
d
Amounts included on Part I, line 17. but not on line a:
1 Investment expenses not included on Part I, line 6b
2Other (specify)
------------------------------
b1
b2
b3
b4
5,446.
d1
d2
e
Add lines dl and d2
Total ex penses (Part I, line 17) Add lines c and d
"Part V-A
Current Officers , Directors , Trustees , and Key Employees
(List each person who was an officer, director, trustee,
or kev employee at any time during the year even if they were not compensated) (See the instructions )
(A) Name and address
See attached list-all_comp-E
------------- -- ---------------------
(B) Title and average hours
per week devoted
to position
(C) Compensation
(if not paid,
enter -0 -)
118,000.
(D) Contributions to
employee benefit
plans and deferred
compensation plans
3,450.
(E) Expense
account and other
allowances
0.
0
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------BAA
TEEA0105L 08102/07
Form 990 (2UU/)
Form §90(2007) Inde pend ent Cos me ti c Mfg. & Dist. Inc.
Part 'V-A Current Officers , Directors , Trustees , and Key Em p loyees (continued)
52-1062287
Page 6
Yes No
x29
___________
75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board meetings
b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees
l is t e d in S c h e d u l e A , Part I , or h ig hest co m p ensated p rofessional and other independent contractors listed in Schedule
A, Part II-A or II-B, related to each other through family or business relationships? If 'Yes,' attach a statement that
75b
identifies the individuals and explains the relationship(s)
c Do any officers, directors, trustees, or key employees listed in form 990, Part V-A, or highest compensated employees
listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule
A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related
75c
to the organization' See the instructions for the definition of 'related organization'
If 'Yes,' attach a statement that includes the information described in the instructions
75d
d Does the or g anization have a written conflict of interest p olicy ?
Part V- B
X
X
X
Former Officers , Directors , Trustees , and Key Employees That Received Compensation or Other
Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below)
during the year, list that person below and enter the amount of compensation or other benefits in the appropriate column See
the instructions )
(C) Compensation
(D) Contributions to
(E) Expense
( if not paid,
employee benefit
account and other
(B) Loans and
(A) Name and address
enter -0- )
Advances
plans and deferred
allowances
compensation plans
None
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Part VI Other Information (See the instructions.
Yes
Did the organization make a change in its activities or methods of conducting activities?
If 'Yes,' attach a detailed statement of each change
77 Were any changes made in the organizing or governing documents but not reported to the IRS's
If 'Yes,' attach a conformed copy of the changes
78a Did the organization have unrelated business gross income of $ 1,000 or more during the year covered by this return?
b If 'Yes,' has it filed a tax return on Form 990 -T for this year'
No
76
79
Was there a liquidation, dissolution , termination, or substantial contraction during the
year? If ' Yes,' attach a statement
80a Is the organization related (other than by association with a statewide or nationwide organization) through common
membership , governing bodies, trustees , officers, etc , to any other exempt or nonexempt organization?
b If 'Yes,' enter the name of the organization - N/A
-_--_
------------nonexempt
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - and check whether it is 11 exempt or
81 a Enter direct and indirect political expenditures (See line 81 instructions)
81 a
0.
b Did the or g anization file Form 1120- POL for this ear'
X
X
76
77
78a
78b
X
X
79
X
80a
X
1 lb ,
X
Form 990 (2007)
BAA
TEEA0106L 12127/07
Form 990 2007
Inde p endent Cosmetic Mf g .
& Dist .
Inc.
52-1062287
Page7
Pa rt VI Other Information (continued)
Yes
82 a Did the or g anization receive donated services or the use of materials, equipment, or facilities at no charge or at
substantially less than fair rental value?
b If 'Yes ,' you may indicate the value of these items here Do not include this amount as
82b
revenue in Part I or as an expense in Part II (See instructions in Part III )
83a Did the organization comply with the public inspection requirements for returns and exemption applications?
b Did the organization comply with the disclosure requirements relating to quid pro quo contributions?
84a Did the organization solicit any contributions or gifts that were not tax deductible?
82a
No
X
N/A
83a
83b
84a
b If 'Yes ,' did the organization include with every solicitation an express statement that such contributions or gifts were
not tax deductible
85a 501 (c)(4), (5), or (6) Were substantially all dues nondeductible by members?
b Did the organization make only in - house lobbying expenditures of $2,000 or less?
X
X
X
84b
85a
85b
N A
85
N A
- - 85h
N A
X
X
If 'Yes' was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a
waiver for proxy tax owed for the prior year
Dues, assessments , and similar amounts from members
Section 162 (e) lobbying and political expenditures
Aggregate nondeductible amount of section 6033 (e)(1)(A) dues notices
Taxable amount of lobbying and political expenditures (line 85d less 85e)
g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f'
c
d
e
f
85c
85d
85e
85f
In if section 6033( e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of
dues allocable to nondeductible lobbying and political expenditures for the following tax year?
86 501 (c)(7) organizations Enter a Initiation fees and capital contributions included on
line 12
86a
b Gross receipts , included on line 12, for public use of club facilities
86b
87 501 (c)(12) organizations Enter a Gross income from members or shareholders
87a
b Gross income from other sources (Do not net amounts due or paid to other sources
against amounts due or received from them )
87b
0.
0.
0.
0.
N/A
N/A
N/A
N/A
88 a At any time during the year , did the organization own a 50% or greater interest in a taxable corporation or partnership,
or an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-37
If 'Yes,' complete Part IX
88a
b At any time during the year, did the or g anization , directly or indirectly, own a controlled entity within the meaning of
11 88b
section 512 (b)(13)' If 'Yes ,' complete Part XI
89a 501 (c)(3) organizations Enter Amount of tax imposed on the organization during the year under
N/A
N / A , section 4955 ^
section 4911
N/A , section 4912 ^
--------------------- ------ - --b 501(c)(3) and 501 (c)(4) organizations Did the organization engage in any section 4958 excess benefit transaction
d uring th e year or d i d i t b ecome aware o f an excess b ene f i t t r ansaction from a p rior y ear' If 'Yes , ' attach a statement
89b
explaining each transaction
X
X
N A
c Enter Amount of tax imposed on the or g anization managers or disqualified persons during the
N/A
year under sections 4912 , 4955, and 4958
10.
N/A
d Enter Amount of tax on line 89c , above, reimbursed by the organization
89e
e All organizations At any time during the tax year , was the organization a party to a prohibited tax shelter transaction?
89f
f All organizations Did the organization acquire a direct or indirect interest in any applicable insurance contract?
X
X
g For supporting organizations and sponsoring organizations maintaining donor advised funds Did the supporting
organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during
89 gl
I X
the year'
90a List the states with which a copy of this return is filed ^ None
-------------------------------------b Number of emplo yees employed in the pay period that includes March 12, 2007
(See instructions)
190b1
847-991-4499
Telephone number ^
91 a The books are in care of ^ Ms. Penni Jones
60067
Located at ^ 1220 West Northwest Highway_ Palatine_IL --__-------_ ZIP +4 ^ ---------------------Yes
b At any time during the calendar year, did the organization have an interest in or a signature or other authority over a
91 b
financial account in a foreign country (such as a bank account , securities account, or other financial account)?
If'Yes,' enter the name of the foreign country
0
No
X
See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and
Financial Accounts
Form 990 (2007)
BAA
TEEA0107L
09/10/07
Form b90 2007 Indep endent Cosmetic Mf g . & Dist. Inc.
Part VI Other Information (continued)
52-1062287
Page 8
Yes No
c At any time during the calendar year, did the organization maintain an office outside of the United States?
0 -- - - _ _ _
If 'Yes,' enter the name of the foreign country
92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1047 - Check here
and enter the amount of tax-exem pt interest received or accrued during the tax year
Part VII Anal sis of Income - Producin g Activities (See the instructions.
Unrelated business income
Note : Enter gross amounts unless
otherwise Indicated
93
Program service revenue
a Advertising
b
c
d
e
5111201
N/A
N/A
92
E exempt
Related or
function income
(D)
Amount
(C)
Exclusion code
53,003.
55,500.
EU Address Fee
Event Fees
Fees For Service
Publications
If Medicare/Medicaid payments
g Fees & contracts from government agencies
94 Membership dues and assessments
95 Interest on savings & temporary cash invmnts
X
Excluded by section 512, 513, or 514
(B)
Amount
(A)
Business code
91 c
71
89.462.
103,275.
6,749.
438,791.
I
1
Dividends & interest from securities
Net rental income or (loss) from real estate
a debt-financed property
b not debt-financed property
98 Net rental income or (loss) from pers prop
99 Other investment income
96
97
141
1
33,414.1
=^a
.
Gain or ( loss) from sales of assets
other than inventory
100
101
Net income or (loss ) from special events
102
Gross profit or (loss ) from sales of inventory
103
Other revenue
a
17.
b Misc.
C
d
e
104 Subtotal (add columns ( B), (D), and (E))
53, 003.
-
604,332.
122, 876.
111-
105 Total (add line 104, columns (B), (D), and (E))
Note : Line 105 p lus line le, Part 1, should e qual the amount on line 12, Part
780,211.
Part VIII Relationshi p of Activities to the Accom p lishment of Exem pt Pur p oses (See the Instructions.
Line No .
W
Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment
of the organization ' s exempt purposes (other than by providing funds for such purposes)
Part IX Information Reg ardin g Taxa ble Subsidiaries and Disre g arded Entities (See the instructions.
(A)
(B)
(C)
(D)
(E)
Name, address, and EIN of corporation,
partnership, or disregarded entity
Percentage of
ownership interest
Nature of activities
Total
income
End-of-year
assets
N/A
Part X
%
.
0
.
with Personal Benefit Contracts (See the instructions.
Associated
Information Reg ardin g Transfers
a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
Note : If 'Yes' to (b), file Form 8870 and Form 4720 (see instructions).
BAA
TEEA0108L 12/27/07
Yes
Yes
X No
X No
Form 990 (2007)
Form'990 2007 Inde p endent Cosmetic Mf g . & Dist. Inc.
52-1062287
Part XI Information Regarding Transfers To and From Controlled Entities . Complete only if the
Page 9
organization Is a controlling organization as defined in section 512(b)(13).
Yes
106
Did the reporting organization make any transfers to a controlled entity as defined in section 512 (b)(13) of the Code? If
'Yes,' com p lete the schedule below for each controlled entity
(A)
a
Employer Identification
Number
ICMAD Purchasing Group, Inc. _ _ _
---------- -1220 West_Northwest HighwaY_____
Palatine, IL 60067-1803
22-3211153
------------------------
b
(C)
(B)
Name , address , of each
controlled entity
Description of
transfer
No
X
(D)
Amount of transfer
Expenses paid by
the controlling
entit
on behalf of
the controlled
0.
entity.
------------------------------------------------
c
------------------------Totals
Yes
107
Did the reporting organization receive any transfers from a controlled entity as defined in section 512 (b)(13) of the Code? If
'Yes,' com p lete the schedule below for each controlled entit y
(A)
Name , address , of each
controlled entity
(B)
Employer Identification
Number
a
-------------------------------------------------
b
-------------------------------------------------
c
-----------------------------------------------
(C)
Description of
transfer
No
X
(D)
Amount of transfer
Totals
Yes
108
Did the organization have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and
annuities described in question 107 above?
Under penalties of perjurY I d eclare that I have examined this return, including accompanying schedules and statements , and to the best of my kno ledge and belief, it is
Cher than officer ) is based on all information of which preparer has any knowledge
true, correct
d complet Declaration of prepare
Please
Sign
Here
^
Si
^
r
tore of officer
}?P 0 0 ^.vo
J
PS
,
C X^l'_f (=1 I t ^P
Date
l rP
o 43/
r
No
X
Page 1
Federal Statements
2007
52-1062287
Independent Cosmetic Mfg. & Dist. Inc.
Statement 1
Form 990, Part I , Line 20
Other Changes in Net Assets or Fund Balances
Tota l
$
30 , 063.
30 , 063 .
(D)
Intercompany
Statement 2
Form 990 , Part II, Line 43
Other Expenses
(B)
(C)
Program
Management
Services
& General
(A)
Total
Advertising & Publication
EU Address
40,318.
31,023.
Insurance
Meeting expenses
3,696.
81,645.
Miscellaneous
Professional & Contract Fees
Public Relations
1,603.
48,630.
10,515.
Fundraising
6,357.
Subscription & Dues
1,408.
Utilities
17,588.
Young Designer Sponorship
Total $
242,783.
0.
$
$
0.
0.
$
Statement 3
Form 990 , Part III, Line a
Statement of Program Service Accomplishments
Description
Grants and
Program
Service
Allocations
Expenses
Membership-Includes traditional membership functions such as
membership tracking and the performance of membership
services, such as certificates of free sale
No
Includes Foreign Grants:
Communications & Publications - Publishing of "The Digest",
Also, publishing the "Labeling
the associations newsletter.
Guide",
"Guide to European Consmetic Regulations",
the
"World Showcase" magazine and the on-line publication of the
"Call Me First Directory".
No
Includes Foreign Grants:
Education- Includes ICMAD FDA workshops and export seminars
No
Includes Foreign Grants:
Legislation-Includes activities related to keeping members
informed of legislative and regulatory matters.
No
Includes Foreign Grants:
$
0. $
0.
Federal Statements
2007
Page 2
Independent Cosmetic Mfg. & Dist. Inc.
52- 1062287
Statement 4
Form 990 , Part IV , Line 57
Land , Buildings, and Equipment
Basis
Category
Furniture and Fixtures
$
Tot a l
56 533.
56 , 533 .
$
$
Accum.
Book
Deprec.
Value
49,849.
49 , 8 49.
$
$
6,684.
6 , 684 .
$
129,357.
Total $
129,357.
Statement 5
Form 990 , Part IV , Line 58
Other Assets
Intercompany
Statement 6
Form 990 , Part IV, Line 65
Other Liabilities
Accrued Payroll
$
6,689.
Total $
94,109.
100,798.
Subsidiary
Statement 7
Form 990, Part IV-A, Line b(4)
Other Amounts
SUB INCOME
$
Total $
35,508.
35,508.
$
Total $
5,446.
5,446.
Statement 8
Form 990 , Part IV- B, Line b(4)
Other Amounts
SUB EXPENSES
Statement 9
Form 990, Part VIII
Relationship of Activities to the Accomplishment of Exempt Purposes
Line
93
Explanation of Activities
EU address fee allows members to export to EU fostering intl gr owt h.
Events to maintain the organization and certificate fees.
Fees for services benefits the members.
Publications provide education and sharing of information.
2007
Federal Statements
Independent Cosmetic Mfg. & Dist. Inc.
Statement 9 (continued)
Form 990 , Part VIII
Relationship of Activities to the Accomplishment of Exempt Purposes
Line
94
Explanation of Activities
Dues required to fund organization for benefit of members.
Page 3
52-1062287
INDEPENDENT
COSMETICS
MANUFACTURERS
AND
DISTRIBUTORS, INC
ICI
TEL 847-991-4499
1-800-334-2623
FAX 847-991-8161
EMAIL info@icmad org
1220 W Northwest Highway, Palatine, IL 60067-1803
ICMAD OFFICERS AND BOARD OF DIRECTORS 2008-2009
CHAIRMAN - Stanley G. Katz
Cosmetic Index
10 Bonnie Drive
Northport, NY 11768
Pamela Busiek
CBI Laboratories, Inc.
4201 Diplomacy Road
Fort Worth, TX 76155
VICE CHAIRMAN - Marva Kalish
Marketing Plus Consultants
42-30 Douglaston Parkway
Douglaston, NY 11363
Carmen Solo Corcoran
The Starfish Group
P.O. Box 3102
Lisle, IL 60532
PRESIDENT - David Schieffelin
ybf, lic
711 Third Avenue, 11th Fl.
New York, NY 10017
Shari Creed
Sweet Spot Labs, Inc.
15332 Antioch Street, Suite 418
Pacific Palisades, CA 92072
VICE PRESIDENT - Carl Geffken
Carl Geffken Consultants
154 Riverview Drive
Guilford, CT 06437
Curran Dandurand
Jack Black LLC
2155 Chenault Drive, Ste. 509
Carrollton, TX 75006
VICE PRESIDENT - Pamela Viglielmo
The Gramercy House
221 Willow Street
Southport , CT 06890
Jeffrey Dorr
Madcar Company, Inc.
136 Raynor Avenue
Ronkonkoma , NY 1177
SECRETARY - Sharon Blinkoff
Venable LLP
1270 Avenue of the Americas, 25th Fl.
New York, NY 10020
Ian Ginsberg
Bigelow Trading Ltd.
412 Sixth Avenue
New York, NY 10011
TREASURER - Howard Baker
H. Baker Development
12 Orben Drive, Unit 4
Landing, NJ 07850
Howard Hirsch
HDH Holdings
101 Hardscrabble Road
Basking Ridge, NJ 07920
DIRECTORS
Karen Acker
KA Consulting Corp.
P.O. Box 800
Nyack , NY 10960
Jane Iredale
Iredale Mineral Cosmetics, Ltd.
28 Church Street
Gr. Barrington , MA 01230
Paul Aloe
Magic of Aloe/Aloe Cosmetics Labs
7300 N. Crescent Blvd.
Pennsauken, NJ 08110
Deborah Lippmann
Lippmann Enterprises, LLC
55 Vandam Street, Ste. 903
New York , NY 10013
ICI
Gun Nowak
Face Stockholm Ltd.
324 Joslen Blvd.
Hudson, NY 12534
Susan M. Rafaj
Susan M. Rafaj Mktg. Serv., Inc.
135 East 55th Street
New York, NY 10022
Flori Roberts
The Roberts Group, NJ
1241 Gulf of Mexico Drive, #801
Longboat Key, FL 34228
Patricia Schmucker
Performance Branding Services
25500 Hawthorne Blvd., #2120
Torrance, CA 90505
David Steinberg
Steinberg & Associates
16 Mershon Lane
Plainsboro, NJ 08536
Lori Thaler-Cohen
Corwood Laboratories, Inc.
55 Arkway Drive
Hauppauge, NY 11788
Craig Weiss
Consumer Product Testing Co.
70 New Dutch Lane
Fairfield, NJ b7004
Herbert L. Wilson
Fran Wilson Creative Cosmetics
515 Madison Avenue
New York, NY 10022
INDEPENDENT
COSMETICS
MANUFACTURERS
AND
DISTRIBUTORS, INC
TEL 847-991-4499
1-800-334-2623
FAX 847-991-8161
EMAIL info@icmad org
1220 W Northwest Highway, Palatine, IL 60067-1803
LEGAL COUNSEL
Jack R. Bierig
Sidley Austin LLP
One South Dearborn Street
Chicago , IL 60603
ICMAD EXECUTIVE OFFICE
Penni Jones , Executive Director
1220 W. Northwest Highway
Palatine , IL 60067