Civic Intelligence

Tory Burch Foundation Inc.

990 • Fiscal year 2015 • EIN 26-3660127

Oct 01, 2014 to Sep 30, 2015 • Filed on Jul 28, 2016

Organization ProfileTORYBURCHFOUNDATION.ORG
11 West 19th Street 7th FLNew York, NY 10011

(646) 745-1272

Siviq Scores

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

Liabilities / Assets

15th percentile

0.03x

Higher debt load relative to assets than 15% of similar nonprofits.

2015 filings • NTEE P • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.07x

Higher debt load relative to revenue than 20% of similar nonprofits.

2015 filings • NTEE P • $5M-$10M nonprofits • Source year 2015

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2015 filings • NTEE P • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • NTEE P • $5M-$10M nonprofits • Source year 2015

Asset Growth

93rd percentile

57%

Faster asset growth than 93% of similar nonprofits.

2015 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

69%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$5,240,653

Up $1,902,115 (+57%) from 2014

Net Assets

Up

$5,072,259

Up $2,053,471 (+68%) from 2014

Liabilities

Down

$168,394

Down $151,356 (-47%) from 2014

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin97th percentile

Revenue

Up

$2,399,670

Up $976,792 (+69%) from 2014

Expenses

Down

$346,199

Down $560,857 (-62%) from 2014

Net Income

Up

$2,053,471

Up $1,537,649 (+298%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$30M$20M$10M$0Assets 2010: $434,595Liabilities 2010: $200,222Net Assets 2010: $234,3732010Assets 2011: $339,215Liabilities 2011: $9,001Net Assets 2011: $330,2142011Assets 2012: $1,463,519Liabilities 2012: $36,201Net Assets 2012: $1,427,3182012Assets 2013: $2,575,825Liabilities 2013: $72,859Net Assets 2013: $2,502,9662013Assets 2014: $3,338,538Liabilities 2014: $319,750Net Assets 2014: $3,018,7882014Assets 2015: $5,240,653Liabilities 2015: $168,394Net Assets 2015: $5,072,2592015Assets 2016: $5,897,026Liabilities 2016: $159,041Net Assets 2016: $5,737,9852016Assets 2017: $6,549,335Liabilities 2017: $221,394Net Assets 2017: $6,327,9412017Assets 2018: $8,072,056Liabilities 2018: $213,644Net Assets 2018: $7,858,4122018Assets 2019: $9,977,984Liabilities 2019: $380,968Net Assets 2019: $9,597,0162019Assets 2020: $13,185,456Liabilities 2020: $448,807Net Assets 2020: $12,736,6492020Assets 2021: $16,860,389Liabilities 2021: $655,340Net Assets 2021: $16,205,0492021Assets 2022: $16,399,744Liabilities 2022: $371,437Net Assets 2022: $16,028,3072022Assets 2023: $17,370,807Liabilities 2023: $215,396Net Assets 2023: $17,155,4112023Assets 2024: $20,210,677Liabilities 2024: $827,366Net Assets 2024: $19,383,3112024

Highlighted filing

2015

Assets$5,240,653
Liabilities$168,394
Net Assets$5,072,259
Open 2015 Filing

Operations Trend

Revenue Growth94th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $450,4912010Expenses 2011: $494,8482011Expenses 2012: $559,1242012Expenses 2013: $1,425,6612013Revenue 2014: $1,422,878Expenses 2014: $907,056Net Income 2014: $515,8222014Revenue 2015: $2,399,670Expenses 2015: $346,199Net Income 2015: $2,053,4712015Revenue 2016: $1,162,422Expenses 2016: $477,221Net Income 2016: $685,2012016Revenue 2017: $1,282,907Expenses 2017: $705,968Net Income 2017: $576,9392017Revenue 2018: $2,947,133Expenses 2018: $1,431,968Net Income 2018: $1,515,1652018Revenue 2019: $3,058,551Expenses 2019: $1,342,365Net Income 2019: $1,716,1862019Revenue 2020: $5,425,081Expenses 2020: $2,308,700Net Income 2020: $3,116,3812020Revenue 2021: $5,271,171Expenses 2021: $1,766,198Net Income 2021: $3,504,9732021Revenue 2022: $6,323,516Expenses 2022: $6,266,050Net Income 2022: $57,4662022Revenue 2023: $3,530,589Expenses 2023: $2,805,384Net Income 2023: $725,2052023Revenue 2024: $1,975,010Expenses 2024: $1,644,680Net Income 2024: $330,3302024

Highlighted filing

2015

Revenue$2,399,670
Expenses$346,199
Net Income$2,053,471
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jul 28, 2016
Return Version
2014v6.0
Gross Receipts
$2,399,670
Mission and Program Overview

Mission

Tory burch foundation, inc. (tbf) is a not-for-profit corporation formed in october 2008 to advance women's empowerment and entrepreneurship in the united states by providing access to capital, education and digital resources.

Non-profit 501(c)(3) organization that supports the economic empowerment of women entrepeneurs and their families in the u.s. Our efforts are currently focused on small business loans, mentoring opportunities, education, and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,856,855$4,774,495▲ $2,917,640
Cash and Non-Interest-Bearing Accounts$921,800--
Pledges and Grants Receivable$559,783$466,158▼ $93,625
Prepaid Expenses and Deferred Charges$100--
Total Assets$3,338,538$5,240,653▲ $1,902,115
Liabilities
Accounts Payable and Accrued Expenses$77,166$75,810▼ $1,356
Other Liabilities$67,062$67,062→ $0
Grants Payable$175,522$25,522▼ $150,000
Total Liabilities$319,750$168,394▼ $151,356
Net Assets / Fund Balance
Unrestricted Net Assets$2,459,005$4,606,101▲ $2,147,096
Temporarily Rstr Net Assets$559,783$466,158▼ $93,625
Total Net Assets Fund Balance$3,018,788$5,072,259▲ $2,053,471
Total Liabilities and Net Assets / Fund Balance$3,338,538$5,240,653▲ $1,902,115
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Tory BurchPresident
Dina PowellBoard Member
Hayley BoeskyBoard Member
Jamie TischBoard Member
Jay HassBoard Member
Susan DuffyBoard Member
Tracey KozmetskyBoard Member
James RobinsonSecretary
Robert IsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,387,940
Program Service Revenue
$0
Investment Income
$11,730
Other Revenue
$0
All Other Contributions
$2,387,940
Change in Net Assets
$2,053,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,399,670
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$935,835
Total Revenue per Audited Statements
$3,335,505
Total Revenue per Form 990
$2,399,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,599
Grants and Similar Amounts Paid$66,600
Total Fundraising Expense$46,239
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$66,600--$66,600
Fees for Services Accounting$8,001$27,261$8,000$43,262
Travel$16,652$5,654$19,452$41,758
Office Expenses$27,642$116-$27,758
Other Expenses$12,199$15,353$13,000$12,199
Insurance$4,616$1,568$5,392$11,576
Advertising$7,927--$7,927
Fees for Services Legal-$4,551-$4,551
All Other Expenses$75$703$395$1,173
Total Functional Expenses$244,754$55,206$46,239$346,199

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,282,034
Expenses Not Reported on Form 990$935,835
Expenses per Audited Statements$346,199
Total Expenses per Form 990$346,199
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Accion EastNew York, NY501(c)(3)To Help Accomplish the Charitable Endeavors of the Donee$37,500
Justine PetersenSaint Louis, MI501(c)(3)To Help Accomplish the Charitable Endeavors of the Donee$25,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance of Expenses$67,062
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Robert isen (treasurer) is the brother of tory burch (president) and james robinson (secretary).”

Form 990, Part VI, Section B, Line 11

“Each member of the board reviews the 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to document compliance with the policy.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available by contacting the organization's offices and which time appropriate access will be provided.”

Form 990, Part VII

“Tory burch, president, has an ownership interest in tory burch llc.”

Form 990, Part VII

“The executive director of tory burch foundation, inc. Is an employee of tory burch llc. Her time is donated by tory burch llc.”

Filing and Contact Details

Filer

Filer Name
Tory Burch Foundation Inc
EIN
26-3660127
Phone
6467451272
Address
11 WEST 19TH STREET 7TH FL, NEW YORK, NY 10011

Signing Officer

Name
Robert Isen
Title
Treasurer
Phone
6467236689
Signed
2016-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Fabiano
Formed
2009
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
6
Employees
0
Volunteers
100

Preparer

Firm
Elliot Horowitz & Company Llp
Address
675 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Stuart Kamelhar
Phone
2129727500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Financials are sent to board members directly on a quarterly basis from accountants then reviewed and discussed if needed at subsequent board meetings. Year end financial statements are sent to the board and approved before issuance. Any questions are directed to the auditors.”

Form 990, Schedule A, Part II, Line 17A (continued)

“James robinson jamie is the managing director of alliance marketing partners, a sports marketing firm. Launching his career as a certified nfl agent, jamie has negotiated sports and entertainment merchandising, licensing and sponsorship agreements totaling in excess of $150 million. He has also created marketing campaigns on behalf of a number of the nation's leading brands including hallmark cards, gap, mcdonald's, coca-cola, rawlings sporting goods and dunkin' donuts. Jamie is a board member of the police athletic league, the marks colorectal surgical foundation, ashley's angels and the streetsafe driving academy. He is a graduate of georgetown university. James is the brother of tory burch. Jamie tisch jamie is an entrepreneur and philanthropist. In 2008, she co-founded fashionology la, a children's clothing store in los angeles. In 2003, she co-founded the entertainment industry's women's cancer research fund. The women's cancer research fund was created to support innovative research, education and outreach directed toward the early diagnosis, treatment and prevention of all women's cancers. 4. Availability of public facilities or services; public participation in program or policies: the tory burch foundation runs nation-wide public programs empowering women entrepreneurs. The programs and initiatives are as follows: access to affordable capital program the tory burch foundation capital program powered by bank of america provides women entrepreneurs in the united states the opportunity to access affordable loans through community development financial institutions (cdfis). (the program was originally known as "elizabeth street capital".) the loans are made to low and middle-income women operating early stage ventures in all industries. The tory burch foundation and bank of america provide grants to local cdfi's throughout the country to support the loan program. Education in partnership with goldman sachs 10,000 small businesses and babson college, the tory burch foundation provides specialized, practical business education for women entrepreneurs. The curriculum is designed to provide entrepreneurs with tools and support to practice negotiation skills, financial, marketing and employee management. During three-month courses, students attend classes and receive weekly one-on-one business advising to develop a strategic and tailored plan for business growth. The program exists on the ground in 12 regions and there is now also a national program that includes online and in-person sessions. Networking and mentoring events in order to support women entrepreneurs as they grow their businesses, the foundation hosts mentoring events that pair top business leaders with expertise in a variety of industries with women entrepreneurs to provide information and inspiration and to create peer networks. Through "women rule", a partnership with politico and google, the foundation has held a series of events exploring how women are leading change in politics, policy and their communities. Digital the tory burch foundation website is a digital resource hub with rich and regular content for entrepreneurs. There are scores of original articles addressing finance, marketing, operations and more; interviews with successful business people; and tools, such as a business plan builder. There is also a donation portal for the public www.toryburchfoundation.org fellows program (in development) the tory burch foundation intends to produce a national fellows program for women entrepreneurs. Entrepreneurs from around the country will submit applications online. Ten entrepreneurs will be selected annually who will have access to mentors, advisors and workshops for a two-year period.”

Financial Statement Notes

PART X, LINE 2:

“Tory burch foundation, inc. Is a tax-exempt organization under section 501(c)(3) of the internal revenue code and, accordingly, is not subject to federal or state income taxes. Tbf adopted the accounting pronouncement related to income taxes which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. Tbf does not believe its financial statements include any uncertain tax positions.”

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

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IRS990/Desc0THE TORY BURCH FOUNDATION SUPPORTS THE ECONOMIC EMPOWERMENT OF WOMEN ENTREPRENEURS AND THEIR FAMILIES IN THE U.S. THE FOUNDATION PROVIDES GRANTS TO SUPPORT SMALL BUSINESS LOANS FOR WOMEN ENTREPRENEURS. IN ORDER TO SUPPORT WOMEN ENTREPRENEURS AS THEY GROW THEIR BUSINESSES, THE FOUNDATION HOSTS MENTORING EVENTS THAT PAIR TOP BUSINESS LEADERS WITH EXPERTISE IN A VARIETY OF INDUSTRIES WITH WOMEN ENTREPRENEURS TO PROVIDE INFORMATION AND INSPIRATION AND TO CREATE PEER NETWORKS. THE FOUNDATION ALSO PROVIDES ENTREPRENEURIAL EDUCATION FOR EARLY STAGE WOMEN ENTREPRENEURS IN PARTNERSHIP WITH GOLDMAN SACHS 10,000 SMALL BUSINESSES, BABSON COLLEGE AND LAGUARDIA COMMUNITY COLLEGE. THE FOUNDATION ALSO ADVOCATES FOR MICROFINANCE AND ENTREPRENEURSHIP OPPORTUNITIES FOR WOMEN. INCLUDING, SUPPORT FOR SAN FRANCISCO BASED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FOR ITS WORK WITH WOMEN ENTREPRENEURS.
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IRS990/MissionDesc0NON-PROFIT 501(C)(3) ORGANIZATION THAT SUPPORTS THE ECONOMIC EMPOWERMENT OF WOMEN ENTREPENEURS AND THEIR FAMILIES IN THE U.S. OUR EFFORTS ARE CURRENTLY FOCUSED ON SMALL BUSINESS LOANS, MENTORING OPPORTUNITIES, EDUCATION, AND ADVOCACY.
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IRS990/PrincipalOfficerNm0LAURIE FABIANO
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION ENTERED INTO A PROGRAM AGREEMENT WITH BANK OF AMERICA CORPORATION WHEREBY BOTH PARTIES HAVE AGREED TO CREATE, DEVELOP, SUPPORT AND MANAGE A PROGRAM KNOWN AS "ELIZABETH STREET CAPITAL, A TORY BURCH FOUNDATION - BANK OF AMERICA INITIATIVE" TO SUPPORT QUALIFIED WOMEN ENTREPRENEURS BY WORKING WITH SELECTED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) TO IMPLEMENT THE PROGRAM.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0IN ACCORDANCE WITH TREASURY REGULATION SECTION 1.170A-9(F)(3), THE TORY BURCH FOUNDATION IS PUBLICLY SUPPORTED BECAUSE IT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM GOVERNMENTAL UNITS, FROM CONTRIBUTIONS MADE DIRECTLY OR INDIRECTLY BY THE GENERAL PUBLIC, OR FROM A COMBINATION OF THESE SOURCES, THAT IS, ITS PUBLIC SUPPORT EXCEEDS 10% OF ITS TOTAL SUPPORT, AND IT MEETS THE OTHER REQUIREMENTS OF PARAGRAPH (F)(3). THE FOUNDATION ALSO MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC1. PERCENTAGE OF SUPPORTTHE TORY BURCH FOUNDATION'S PUBLIC SUPPORT PERCENTAGE IS 28.87%, WELL ABOVE THE 10% REQUIRED TO QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION. 2. SOURCES OF SUPPORTTHE FOUNDATION RECEIVED DONATIONS FROM MORE THAN 5,000 DIFFERENT DONORS OVER THE FIVE YEAR MEASUREMENT PERIOD. THE FOUNDATION RELIES ON CONTRIBUTIONS, AND NOT ENDOWMENT FUNDS, TO SUPPORT ITS MISSION. IN GENERAL, THESE DONORS WERE NOT RELATED TO EACH OTHER.3. REPRESENTATIVE GOVERNING BODYTHE TORY BURCH FOUNDATION'S GOVERNING BODY - ITS BOARD OF DIRECTORS - REPRESENTS THE BROAD INTERESTS OF THE PUBLIC RATHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS. BOARD MEMBERS INCLUDE CEOS, LAWYERS, PHILANTHROPISTS, CIVIC VOLUNTEERS, AND BUSINESS LEADERS ACROSS A WIDE VARIETY OF INDUSTRIES INCLUDING BANKING, EDUCATION, VENTURE CAPITAL, NOT-FOR-PROFIT FOUNDATIONS, MARKETING, AND FASHION. THE FOUNDATION'S BOARD THEREBY EMBODIES AND ESPOUSES AN EXTENSIVE CROSS-SECTION OF THE VIEWS AND INTERESTS OF THE COMMUNITY. IN ADDITION, BOARD MEMBERS HAVE SPECIALIZED KNOWLEDGE AND EXPERTISE IN THE FIELD OF WOMEN'S ENTREPRENEURSHIP, AND ARE APTLY POSITIONED TO GOVERN AN ORGANIZATION THAT FOCUSES ON THE EMPOWERMENT OF WOMEN ENTREPRENEURS THROUGH ACCESS TO CAPITAL, ENTREPRENEURIAL EDUCATION, AND MENTORING AND NETWORKING OPPORTUNITIES. FOR EXAMPLE, VARIOUS BOARD MEMBERS ARE THEMSELVES ENTREPRENEURS, LEADERS IN BUSINESS AND FINANCE, AND/OR HOLD POSITIONS WITH OTHER ORGANIZATIONS THAT ALIGN WITH THE TENETS OF THE FOUNDATION, RESULTING IN A DEEP EXPERTISE IN THE FIELD OF WOMEN'S ENTREPRENEURSHIP. BOARD MEMBERS ARE REPRESENTED IN ORGANIZATIONS SUCH AS THE TRUSTEES COUNCIL OF PENN WOMEN, THE CENTER FOR WOMEN'S ENTREPRENEURIAL LEADERSHIP AT BABSON COLLEGE, THE INTERNATIONAL COUNCIL FOR SMALL BUSINESS, AND THE CENTER FOR WOMEN'S BUSINESS RESEARCH, AMONG MANY OTHERS.ABBREVIATED BOARD MEMBER BIOGRAPHIES FOLLOW BELOW:TORY BURCHTORY BURCH IS CHAIRMAN, CEO AND DESIGNER OF TORY BURCH, AN AMERICAN SPORTSWEAR AND LIFESTYLE BRAND. AFTER GRADUATING FROM THE UNIVERSITY OF PENNSYLVANIA WITH A DEGREE IN ART HISTORY, SHE MOVED TO NEW YORK TO PURSUE A CAREER IN THE FASHION INDUSTRY. SHE WORKED IN PUBLIC RELATIONS AND MARKETING FOR SEVERAL AMERICAN DESIGNERS, INCLUDING RALPH LAUREN, VERA WANG AND NARCISO RODRIGUEZ AT LOEWE.SHE LAUNCHED TORY BURCH IN 2004 WITH A SMALL BOUTIQUE ON ELIZABETH STREET IN MANHATTAN, AND SINCE THEN THE BRAND HAS GROWN INTO A GLOBAL BUSINESS WITH MORE THAN 150 FREESTANDING STORES IN CITIES FROM NEW YORK AND LOS ANGELES TO SHANGHAI, MILAN AND PARIS, AS WELL AS A PRESENCE IN MORE THAN 3,000 DEPARTMENT AND SPECIALTY STORES WORLDWIDE.TORY HAS BEEN RECOGNIZED WITH NUMEROUS AWARDS, INCLUDING THE CFDA FOR ACCESSORY DESIGNER OF THE YEAR, GLAMOUR'S WOMEN OF THE YEAR, FORBES'S MOST POWERFUL WOMEN IN THE WORLD.A DEDICATED PHILANTHROPIST, TORY LAUNCHED THE TORY BURCH FOUNDATION IN 2009. IN ADDITION, SHE SERVES ON THE BOARDS OF THE COUNCIL OF FASHION DESIGNERS OF AMERICA, THE SOCIETY OF MEMORIAL SLOAN-KETTERING CANCER CENTER, THE BREAST CANCER RESEARCH FOUNDATION, THE BARNES FOUNDATION AND THE JAY H. BAKER RETAILING CENTER AT THE UNIVERSITY OF PENNSYLVANIA'S WHARTON SCHOOL, AND IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS. SHE IS ALSO AN INAUGURAL MEMBER OF THE PRESIDENTIAL AMBASSADORS FOR GLOBAL ENTREPRENEURSHIP.HAYLEY BOESKYHAYLEY IS VICE CHAIRMAN OF GLOBAL MARKETS AT BANK OF AMERICA MERRILL LYNCH, WORKING ACROSS ALL LINES O
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TORY BURCH FOUNDATION, INC. IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. TBF ADOPTED THE ACCOUNTING PRONOUNCEMENT RELATED TO INCOME TAXES WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TBF DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ACCION EAST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1JUSTINE PETERSEN
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt080 MAIDEN LANE SUITE 903
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11023 NORTH GRAND BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SAINT LOUIS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOUNDATION REPRESENTATIVES EITHER MEET WITH DONEE PERSONNEL ON AT LEAST AN ANNUAL BASIS TO DISCUSS THE RECIPIENT'S MISSION AND PROGRESS OR CORRESPONDS WITH THE DONEE TO OBTAIN APPROPRIATE UPDATES
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT ISEN (TREASURER) IS THE BROTHER OF TORY BURCH (PRESIDENT) AND JAMES ROBINSON (SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS REQUIRED TO DOCUMENT COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE BY CONTACTING THE ORGANIZATION'S OFFICES AND WHICH TIME APPROPRIATE ACCESS WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIALS ARE SENT TO BOARD MEMBERS DIRECTLY ON A QUARTERLY BASIS FROM ACCOUNTANTS THEN REVIEWED AND DISCUSSED IF NEEDED AT SUBSEQUENT BOARD MEETINGS. YEAR END FINANCIAL STATEMENTS ARE SENT TO THE BOARD AND APPROVED BEFORE ISSUANCE. ANY QUESTIONS ARE DIRECTED TO THE AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TORY BURCH, PRESIDENT, HAS AN OWNERSHIP INTEREST IN TORY BURCH LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EXECUTIVE DIRECTOR OF TORY BURCH FOUNDATION, INC. IS AN EMPLOYEE OF TORY BURCH LLC. HER TIME IS DONATED BY TORY BURCH LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7JAMES ROBINSON JAMIE IS THE MANAGING DIRECTOR OF ALLIANCE MARKETING PARTNERS, A SPORTS MARKETING FIRM. LAUNCHING HIS CAREER AS A CERTIFIED NFL AGENT, JAMIE HAS NEGOTIATED SPORTS AND ENTERTAINMENT MERCHANDISING, LICENSING AND SPONSORSHIP AGREEMENTS TOTALING IN EXCESS OF $150 MILLION. HE HAS ALSO CREATED MARKETING CAMPAIGNS ON BEHALF OF A NUMBER OF THE NATION'S LEADING BRANDS INCLUDING HALLMARK CARDS, GAP, MCDONALD'S, COCA-COLA, RAWLINGS SPORTING GOODS AND DUNKIN' DONUTS. JAMIE IS A BOARD MEMBER OF THE POLICE ATHLETIC LEAGUE, THE MARKS COLORECTAL SURGICAL FOUNDATION, ASHLEY'S ANGELS AND THE STREETSAFE DRIVING ACADEMY. HE IS A GRADUATE OF GEORGETOWN UNIVERSITY. JAMES IS THE BROTHER OF TORY BURCH. JAMIE TISCH JAMIE IS AN ENTREPRENEUR AND PHILANTHROPIST. IN 2008, SHE CO-FOUNDED FASHIONOLOGY LA, A CHILDREN'S CLOTHING STORE IN LOS ANGELES. IN 2003, SHE CO-FOUNDED THE ENTERTAINMENT INDUSTRY'S WOMEN'S CANCER RESEARCH FUND. THE WOMEN'S CANCER RESEARCH FUND WAS CREATED TO SUPPORT INNOVATIVE RESEARCH, EDUCATION AND OUTREACH DIRECTED TOWARD THE EARLY DIAGNOSIS, TREATMENT AND PREVENTION OF ALL WOMEN'S CANCERS. 4. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES; PUBLIC PARTICIPATION IN PROGRAM OR POLICIES: THE TORY BURCH FOUNDATION RUNS NATION-WIDE PUBLIC PROGRAMS EMPOWERING WOMEN ENTREPRENEURS. THE PROGRAMS AND INITIATIVES ARE AS FOLLOWS: ACCESS TO AFFORDABLE CAPITAL PROGRAM THE TORY BURCH FOUNDATION CAPITAL PROGRAM POWERED BY BANK OF AMERICA PROVIDES WOMEN ENTREPRENEURS IN THE UNITED STATES THE OPPORTUNITY TO ACCESS AFFORDABLE LOANS THROUGH COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). (THE PROGRAM WAS ORIGINALLY KNOWN AS "ELIZABETH STREET CAPITAL".) THE LOANS ARE MADE TO LOW AND MIDDLE-INCOME WOMEN OPERATING EARLY STAGE VENTURES IN ALL INDUSTRIES. THE TORY BURCH FOUNDATION AND BANK OF AMERICA PROVIDE GRANTS TO LOCAL CDFI'S THROUGHOUT THE COUNTRY TO SUPPORT THE LOAN PROGRAM. EDUCATION IN PARTNERSHIP WITH GOLDMAN SACHS 10,000 SMALL BUSINESSES AND BABSON COLLEGE, THE TORY BURCH FOUNDATION PROVIDES SPECIALIZED, PRACTICAL BUSINESS EDUCATION FOR WOMEN ENTREPRENEURS. THE CURRICULUM IS DESIGNED TO PROVIDE ENTREPRENEURS WITH TOOLS AND SUPPORT TO PRACTICE NEGOTIATION SKILLS, FINANCIAL, MARKETING AND EMPLOYEE MANAGEMENT. DURING THREE-MONTH COURSES, STUDENTS ATTEND CLASSES AND RECEIVE WEEKLY ONE-ON-ONE BUSINESS ADVISING TO DEVELOP A STRATEGIC AND TAILORED PLAN FOR BUSINESS GROWTH. THE PROGRAM EXISTS ON THE GROUND IN 12 REGIONS AND THERE IS NOW ALSO A NATIONAL PROGRAM THAT INCLUDES ONLINE AND IN-PERSON SESSIONS. NETWORKING AND MENTORING EVENTS IN ORDER TO SUPPORT WOMEN ENTREPRENEURS AS THEY GROW THEIR BUSINESSES, THE FOUNDATION HOSTS MENTORING EVENTS THAT PAIR TOP BUSINESS LEADERS WITH EXPERTISE IN A VARIETY OF INDUSTRIES WITH WOMEN ENTREPRENEURS TO PROVIDE INFORMATION AND INSPIRATION AND TO CREATE PEER NETWORKS. THROUGH "WOMEN RULE", A PARTNERSHIP WITH POLITICO AND GOOGLE, THE FOUNDATION HAS HELD A SERIES OF EVENTS EXPLORING HOW WOMEN ARE LEADING CHANGE IN POLITICS, POLICY AND THEIR COMMUNITIES. DIGITAL THE TORY BURCH FOUNDATION WEBSITE IS A DIGITAL RESOURCE HUB WITH RICH AND REGULAR CONTENT FOR ENTREPRENEURS. THERE ARE SCORES OF ORIGINAL ARTICLES ADDRESSING FINANCE, MARKETING, OPERATIONS AND MORE; INTERVIEWS WITH SUCCESSFUL BUSINESS PEOPLE; AND TOOLS, SUCH AS A BUSINESS PLAN BUILDER. THERE IS ALSO A DONATION PORTAL FOR THE PUBLIC WWW.TORYBURCHFOUNDATION.ORG FELLOWS PROGRAM (IN DEVELOPMENT) THE TORY BURCH FOUNDATION INTENDS TO PRODUCE A NATIONAL FELLOWS PROGRAM FOR WOMEN ENTREPRENEURS. ENTREPRENEURS FROM AROUND THE COUNTRY WILL SUBMIT APPLICATIONS ONLINE. TEN ENTREPRENEURS WILL BE SELECTED ANNUALLY WHO WILL HAVE ACCESS TO MENTORS, ADVISORS AND WORKSHOPS FOR A TWO-YEAR PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, SCHEDULE A, PART II, LINE 17A (CONTINUED)
IRS990/SchoolOperatingInd00
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt02459005

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,240,653
Liabilities
$168,394
Net assets
$5,072,259
Revenue
$2,399,670
Expenses
$346,199
Net income
$2,053,471
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.2$0.83$19.4$1.98$1.64$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$0.22$17.2$3.53$2.81$0.73
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$0.37$16.0$6.32$6.27$0.06
2021Detailed filing. Detailed filing data is available for this year.$16.9$0.66$16.2$5.27$1.77$3.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$0.45$12.7$5.43$2.31$3.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$0.38$9.60$3.06$1.34$1.72
2018Detailed filing. Detailed filing data is available for this year.$8.07$0.21$7.86$2.95$1.43$1.52
2017Detailed filing. Detailed filing data is available for this year.$6.55$0.22$6.33$1.28$0.71$0.58
2016Detailed filing. Detailed filing data is available for this year.$5.90$0.16$5.74$1.16$0.48$0.69
2015Detailed filing. Detailed filing data is available for this year.$5.24$0.17$5.07$2.40$0.35$2.05
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$0.32$3.02$1.42$0.91$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.07$2.50$1.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.04$1.43$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.01$0.33$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.20$0.23$0.45