Civic Intelligence

The Luxury Education Foundation

990 • Fiscal year 2015 • EIN 13-3490808

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2016

1397 Second Avenue 223New York, NY 10021

(212) 734-4594

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.01x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • NTEE T • <$500k nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.01x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • NTEE T • <$500k nonprofits • Source year 2015

Net Margin

24th percentile

-46%

Higher net margin than 24% of similar nonprofits.

2015 filings • NTEE T • <$500k nonprofits • Source year 2015

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE T • <$500k nonprofits • Source year 2015

Asset Growth

11th percentile

-40%

Faster asset growth than 11% of similar nonprofits.

2015 filings • NTEE T • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

-4.8%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • NTEE T • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$236,160

Down $156,506 (-40%) from 2014

Net Assets

Down

$232,887

Down $145,864 (-39%) from 2014

Liabilities

Down

$3,273

Down $10,642 (-76%) from 2014

Revenue

Down

$319,273

Down $16,165 (-4.8%) from 2014

Expenses

Up

$465,137

Up $257,832 (+124%) from 2014

Net Income

Down

-$145,864

Down $273,997 (-214%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $179,812Liabilities 2011: $4,5892011Assets 2012: $231,313Liabilities 2012: $7,814Net Assets 2012: $223,4992012Assets 2013: $256,346Liabilities 2013: $5,728Net Assets 2013: $250,6182013Assets 2014: $392,666Liabilities 2014: $13,915Net Assets 2014: $378,7512014Assets 2015: $236,160Liabilities 2015: $3,273Net Assets 2015: $232,8872015Assets 2016: $210,319Liabilities 2016: $700Net Assets 2016: $209,6192016Assets 2017: $244,151Liabilities 2017: $5,842Net Assets 2017: $238,3092017Assets 2018: $323,234Liabilities 2018: $1,254Net Assets 2018: $321,9802018Assets 2019: $293,048Liabilities 2019: $1,528Net Assets 2019: $291,5202019Assets 2020: $296,161Liabilities 2020: $29,804Net Assets 2020: $266,3572020Assets 2021: $261,713Liabilities 2021: $27,123Net Assets 2021: $234,5902021Assets 2022: $269,892Liabilities 2022: $1,423Net Assets 2022: $268,4692022Assets 2023: $182,208Liabilities 2023: $3,202Net Assets 2023: $179,0062023Assets 2024: $185,590Liabilities 2024: $724Net Assets 2024: $184,8662024

Highlighted filing

2015

Assets$236,160
Liabilities$3,273
Net Assets$232,887

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $150,136Expenses 2011: $144,014Net Income 2011: $6,1222011Expenses 2012: $152,6662012Revenue 2013: $213,549Expenses 2013: $186,430Net Income 2013: $27,1192013Revenue 2014: $335,438Expenses 2014: $207,305Net Income 2014: $128,1332014Revenue 2015: $319,273Expenses 2015: $465,137Net Income 2015: -$145,8642015Revenue 2016: $297,892Expenses 2016: $321,160Net Income 2016: -$23,2682016Revenue 2017: $324,758Expenses 2017: $291,068Net Income 2017: $33,6902017Revenue 2018: $329,897Expenses 2018: $251,226Net Income 2018: $78,6712018Revenue 2019: $241,757Expenses 2019: $272,217Net Income 2019: -$30,4602019Revenue 2020: $161,149Expenses 2020: $186,312Net Income 2020: -$25,1632020Revenue 2021: $152,990Expenses 2021: $184,757Net Income 2021: -$31,7672021Revenue 2022: $265,734Expenses 2022: $231,855Net Income 2022: $33,8792022Revenue 2023: $191,252Expenses 2023: $280,715Net Income 2023: -$89,4632023Revenue 2024: $318,831Expenses 2024: $312,971Net Income 2024: $5,8602024

Highlighted filing

2015

Revenue$319,273
Expenses$465,137
Net Income-$145,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$319,273
Mission and Program Overview

Mission

The luxury education foundation supports educational programs for undergraduate and graduate students in the disciplines of design and business with respect to creation and marketing of luxury goods. Lef programs provide students with various platforms to engage with senior executives in leading luxury firms to understand and appreciate the unique properties of this industry.

The luxury education foundation supports educational programs for students in the disciplines of design and business with respect to creation and marketing of luxury goods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$366,318$236,160▼ $130,158
Prepaid Expenses and Deferred Charges$26,348$0▼ $26,348
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$392,666$236,160▼ $156,506
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$13,915$3,273▼ $10,642
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,915$3,273▼ $10,642
Net Assets / Fund Balance
Unrestricted Net Assets$378,751$232,887▼ $145,864
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$378,751$232,887▼ $145,864
Total Liabilities and Net Assets / Fund Balance$392,666$236,160▼ $156,506
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$316,500
Program Service Revenue
$0
Investment Income
$260
Other Revenue
$2,513
All Other Contributions
$316,500
Change in Net Assets
$-145,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,201
Salaries, Compensation, and Employee Benefits$165,936
Grants and Similar Amounts Paid$69,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$155,176$0$155,176
Other Salaries and Wages-$152,682-$152,682
Grants to Domestic Orgs$69,000--$69,000
Payroll Taxes-$13,254-$13,254
Insurance-$12,980-$12,980
Fees for Services Accounting-$6,260-$6,260
Fees for Services Legal-$5,935-$5,935
Other Expenses$8,082$2,441-$2,441
Office Expenses-$1,265-$1,265
Travel-$216-$216
Total Functional Expenses$102,561$362,576$0$465,137
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Parsons the New SchoolNew York, NY-$35,000 GRANT FOR THE DESIGN AND SUPPORT OF INTER DISCIPLINARY COURSES.$35,000
Columbia Business SchoolNew York, NY-$34,000 GRANT TO SUPPORT THE DESIGN AND SUPPORT OF INTER DISCIPLINARY COURSES.$34,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Review of 990, Part VI, Section B, Line 11B

The draft of the 990 shall be circulated to the board for review via email prior to submission with the irs.

Availability of Financial Statements to the Public, Part VI, Sect C, Ln 19

The organization makes its financial statements available to the public upon request.

Members, Part VI, Section A, Line 6 & 7A

The luxury education foundation had seven board members and four of which held officer positions. The four officers have the power to elect or appoint other members of the governing body.

Filing and Contact Details

Filer

Filer Name
The Luxury Education Foundation
EIN
13-3490808
In Care Of
% KETTY MAISONROUGE
Phone
2127344594
Address
1397 SECOND AVENUE 223, NEW YORK, NY 10021

Signing Officer

Name
Ketty Maisonrouge
Title
President
Phone
2127344594
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ketty Maisonrouge
Formed
1988
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
9

Preparer

Firm
Phillips Gold and Company Llp
Address
1430 BROADWAY 8TH FL, NEW YORK, NY 10018
Preparer
Theodore Goetz
Phone
2127344594
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

Description:it support and materials total expenses:5453 management and general:5453

Form 990 Part IX Line 24 - Other Expenses

Description:10th anniversary event total expenses:149723 management and general:149723

Raw XML AppendixShowing 400 of 446 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013915
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03273
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE LUXURY EDUCATION FOUNDATION SUPPORTS EDUCATIONAL PROGRAMS FOR STUDENTS IN THE DISCIPLINES OF DESIGN AND BUSINESS WITH RESPECT TO CREATION AND MARKETING OF LUXURY GOODS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0316500
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0155176
IRS990/AllOtherExpensesGrp/TotalAmt0155176
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0KETTY MAISONROUGE
IRS990/BooksInCareOfDetail/PhoneNum02127344594
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0907 FIFTH AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010021
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0366318
IRS990/CashNonInterestBearingGrp/EOYAmt0236160
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NONE
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0316500
IRS990/CYGrantsAndSimilarPaidAmt069000
IRS990/CYInvestmentIncomeAmt0260
IRS990/CYOtherExpensesAmt0230201
IRS990/CYOtherRevenueAmt02513
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-145864
IRS990/CYSalariesCompEmpBnftPaidAmt0165936
IRS990/CYTotalExpensesAmt0465137
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0319273
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0EDUCATIONAL - GRANTS MADE TO LEARNING INSTITUTIONS TO FACILITATE SUPPORT OF DESIGN AND BUSINESS COURSES IN THE LUXURY FIELD.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0102561
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06260
IRS990/FeesForServicesAccountingGrp/TotalAmt06260
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05935
IRS990/FeesForServicesLegalGrp/TotalAmt05935
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.1
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.1
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/PersonNm0BARBARA CIRVKA
IRS990/Form990PartVIISectionAGrp/PersonNm1KETTY MAISONROUGE
IRS990/Form990PartVIISectionAGrp/PersonNm2SAFWAN MASRI
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT CHAVEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4HENRI BARGUIRDJIAN
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS SERRANO
IRS990/Form990PartVIISectionAGrp/PersonNm6MARLA SABO
IRS990/Form990PartVIISectionAGrp/PersonNm7MAZ ZOUHAIRI
IRS990/Form990PartVIISectionAGrp/PersonNm8FRANCOIS KRESS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt069000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt069000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt069000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0319273
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt012980
IRS990/InsuranceGrp/TotalAmt012980
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0260
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0260
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE LUXURY EDUCATION FOUNDATION SUPPORTS EDUCATIONAL PROGRAMS FOR UNDERGRADUATE AND GRADUATE STUDENTS IN THE DISCIPLINES OF DESIGN AND BUSINESS WITH RESPECT TO CREATION AND MARKETING OF LUXURY GOODS. LEF PROGRAMS PROVIDE STUDENTS WITH VARIOUS PLATFORMS TO ENGAGE WITH SENIOR EXECUTIVES IN LEADING LUXURY FIRMS TO UNDERSTAND AND APPRECIATE THE UNIQUE PROPERTIES OF THIS INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0378751
IRS990/NetAssetsOrFundBalancesEOYAmt0232887
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01265
IRS990/OfficeExpensesGrp/TotalAmt01265
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL EVENTS & SEMINARS
IRS990/OtherExpensesGrp/Desc1CATERING EXPENSE
IRS990/OtherExpensesGrp/Desc2RENT EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012367
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12441
IRS990/OtherExpensesGrp/ProgramServicesAmt025479
IRS990/OtherExpensesGrp/ProgramServicesAmt18082
IRS990/OtherExpensesGrp/TotalAmt025479
IRS990/OtherExpensesGrp/TotalAmt18082
IRS990/OtherExpensesGrp/TotalAmt212367
IRS990/OtherExpensesGrp/TotalAmt32441
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02513
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02513
IRS990/OtherRevenueTotalAmt02513
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0152682
IRS990/OtherSalariesAndWagesGrp/TotalAmt0152682
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013254
IRS990/PayrollTaxesGrp/TotalAmt013254
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026348
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KETTY MAISONROUGE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0335060
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt073000
IRS990/PYInvestmentIncomeAmt0378
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt048758
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0128133
IRS990/PYSalariesCompEmpBnftPaidAmt085547
IRS990/PYTotalExpensesAmt0207305
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0335438
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-145864
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0316500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0335060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0213120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0200524
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0149979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01215183
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0260
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0378
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0429
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0417
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0157
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02513
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02513
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53409
IRS990ScheduleA/PublicSupportPY170Pct00.47874
IRS990ScheduleA/PublicSupportTotal170Amt0651235
IRS990ScheduleA/SubstantialContributorsTotAmt0563948
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0316500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0335060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0213120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0200524
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0149979
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01215183
IRS990ScheduleA/TotalSupportAmt01219337
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt034000
IRS990ScheduleI/RecipientTable/CashGrantAmt135000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0$34,000 GRANT TO SUPPORT THE DESIGN AND SUPPORT OF INTER DISCIPLINARY COURSES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1$35,000 GRANT FOR THE DESIGN AND SUPPORT OF INTER DISCIPLINARY COURSES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COLUMBIA BUSINESS SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PARSONS THE NEW SCHOOL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03022 BROADWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt166 WEST 12TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010027
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110011
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS THAT AYE PROVIDED TO COLUMBIA BUSINESS SCHOOL AND PARSONS THE NEW SCHOOL BY PROVIDING A LETTER WITH EACH GRANT THAT IS MADE. THE LETTER THAT IS PROVIDED STATES THE SPECIFIC USE FOR THAT GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT OF THE 990 SHALL BE CIRCULATED TO THE BOARD FOR REVIEW VIA EMAIL PRIOR TO SUBMISSION WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LUXURY EDUCATION FOUNDATION HAD SEVEN BOARD MEMBERS AND FOUR OF WHICH HELD OFFICER POSITIONS. THE FOUR OFFICERS HAVE THE POWER TO ELECT OR APPOINT OTHER MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:IT SUPPORT AND MATERIALS TOTAL EXPENSES:5453 MANAGEMENT AND GENERAL:5453
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:10TH ANNIVERSARY EVENT TOTAL EXPENSES:149723 MANAGEMENT AND GENERAL:149723
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0REVIEW OF 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1AVAILABILITY OF FINANCIAL STATEMENTS TO THE PUBLIC, PART VI, SECT C, LN 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2MEMBERS, PART VI, SECTION A, LINE 6 & 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0392666
IRS990/TotalAssetsEOYAmt0236160
IRS990/TotalAssetsGrp/BOYAmt0392666
IRS990/TotalAssetsGrp/EOYAmt0236160
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0316500
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0362576
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0102561
IRS990/TotalFunctionalExpensesGrp/TotalAmt0465137
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013915
IRS990/TotalLiabilitiesEOYAmt03273
IRS990/TotalLiabilitiesGrp/BOYAmt013915
IRS990/TotalLiabilitiesGrp/EOYAmt03273
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0378751
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0232887
IRS990/TotalProgramServiceExpensesAmt0102561
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02773
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0319273
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0392666

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.86$0.01$1.85$3.19$3.13$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.03$1.79$1.91$2.81$0.89
2022Detailed filing. Detailed filing data is available for this year.$2.70$0.01$2.68$2.66$2.32$0.34
2021Detailed filing. Detailed filing data is available for this year.$2.62$0.27$2.35$1.53$1.85$0.32
2020Detailed filing. Detailed filing data is available for this year.$2.96$0.30$2.66$1.61$1.86$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.93$0.02$2.92$2.42$2.72$0.30
2018Detailed filing. Detailed filing data is available for this year.$3.23$0.01$3.22$3.30$2.51$0.79
2017Detailed filing. Detailed filing data is available for this year.$2.44$0.06$2.38$3.25$2.91$0.34
2016Detailed filing. Detailed filing data is available for this year.$2.10$0.01$2.10$2.98$3.21$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.36$0.03$2.33$3.19$4.65$1.46
2014Detailed filing. Detailed filing data is available for this year.$3.93$0.14$3.79$3.35$2.07$1.28
2013Detailed filing. Detailed filing data is available for this year.$2.56$0.06$2.51$2.14$1.86$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.08$2.23$1.53
2011Summary only. Only limited summary data is available for this year.$1.80$0.05$1.50$1.44$0.06