When was the Gold Star Chili Advertising Association, Inc. organized?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
----|-----------| | 2026 | | 1,437,287 | | 2027 | | 1,449,009 | | 2028 | | 1,357,457 | | 2029 | | 1,072,712 | | Thereafter | | 2,653,133 | | | | | | | $. | 9,635,500 |
Property and Equipment related to operating lease and related accumulated depreciation was as follows:
| December 31, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||
| Buildings | $ | 16,002,653 | $ | 13,365,027 | $ | 13,525,406 | |
| Less Accumulated Depreciation | 7,937,500 | 7,171,838 | 7,408,212 | ||||
| Net Building Under Lease | $_ | 8,065,153 | $ | 6,193,189 | $ | 6,117,194 |
NOTE 16 - PROFIT SHARING EXPENSE
Profit sharing / 401(k) expense was $64,584, $73,246, and $65,823 for the
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the Gold Star Chili Advertising Association, Inc. was organized on January 1, 1990. This entity was created to manage advertising and marketing services specifically for Gold Star franchisees.
Certain officers and employees of Gold Star serve as trustees of this advertising association. Gold Star acts as an intermediary, collecting advertising contributions from franchisees and then disbursing these funds to the advertising association. This pass-through function means that the income and expenses related to these transactions are not reflected on Gold Star's consolidated financial statements.
In addition to the franchisee contributions, Gold Star itself contributes to the advertising entity to fund marketing research and product development. The total advertising expense reflected in Gold Star's consolidated financial statements was $886,959 in 2024, $921,454 in 2023, and $996,584 in 2022.