What was the amount related to the National Ad Fund Account for All County in 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
ults of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Joe Teston CPA Advisors
Balance Sheets
at December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS: | |||
| Cash and Cash Equivalents | $ 372,503 | $ 80,928 | $ 66,131 |
| Commissions Receivable, net | (3,198) | 45,404 | 95,321 |
| Due from Shareholder | - | - | |
| Notes Due from Franchisees | - | - | |
| Total Current Assets |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the amount related to the National Ad Fund Account in 2023 was $24,642. This figure reflects the value of the National Ad Fund Account as an asset on All County's balance sheet at the end of the 2023 fiscal year.
This account is used by All County for advertising, marketing, and public relations efforts to boost brand recognition and support franchisees' businesses. The funds are kept in a separate bank account held in trust, and expenditures are paid from this account. Franchisees contribute to this fund, and All County began requiring these contributions in October 2012.
Prospective franchisees should note that the National Ad Fund Account balance represents the funds available for marketing activities. Reviewing the revenues and expenses related to the National Advertising Fund can provide insights into how the fund is managed and used to support the All County brand and its franchisees.