Civic Intelligence

Tory Burch Foundation Inc.

990 • Fiscal year 2016 • EIN 26-3660127

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 08, 2017

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.

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

0.14x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Net Margin

95th percentile

59%

Higher net margin than 95% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Asset Growth

80th percentile

13%

Faster asset growth than 80% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-52%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,897,026

Up $656,373 (+13%) from 2015

Net Assets

Up

$5,737,985

Up $665,726 (+13%) from 2015

Liabilities

Down

$159,041

Down $9,353 (-5.6%) from 2015

Revenue

Down

$1,162,422

Down $1,237,248 (-52%) from 2015

Expenses

Up

$477,221

Up $131,022 (+38%) from 2015

Net Income

Down

$685,201

Down $1,368,270 (-67%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$5,897,026
Liabilities$159,041
Net Assets$5,737,985

Operations Trend

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

2016

Revenue$1,162,422
Expenses$477,221
Net Income$685,201
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 8, 2017
Return Version
2015v3.0
Gross Receipts
$1,162,422
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 empowers women entrepreneurs in the united states by providing access to capital, education and digital resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,774,495$5,195,478▲ $420,983
Cash and Non-Interest-Bearing Accounts-$411,011-
Pledges and Grants Receivable$466,158$277,560▼ $188,598
Accounts Receivable-$10,000-
Prepaid Expenses and Deferred Charges-$2,977-
Total Assets$5,240,653$5,897,026▲ $656,373
Liabilities
Grants Payable$25,522$82,820▲ $57,298
Other Liabilities$67,062$67,062→ $0
Accounts Payable and Accrued Expenses$75,810$9,159▼ $66,651
Total Liabilities$168,394$159,041▼ $9,353
Net Assets / Fund Balance
Unrestricted Net Assets$4,606,101$5,460,425▲ $854,324
Temporarily Rstr Net Assets$466,158$277,560▼ $188,598
Total Net Assets Fund Balance$5,072,259$5,737,985▲ $665,726
Total Liabilities and Net Assets / Fund Balance$5,240,653$5,897,026▲ $656,373
Compensation and Service Providers

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
Yasmin GreenBoard Member
James RobinsonSecretary
Robert IsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,130,291
Program Service Revenue
$0
Investment Income
$32,131
Other Revenue
$0
All Other Contributions
$1,130,291
Change in Net Assets
$685,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,162,422
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,542,875
Total Revenue per Audited Statements
$2,705,297
Total Revenue per Form 990
$1,162,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,221
Grants and Similar Amounts Paid$100,000
Total Fundraising Expense$45,013
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$100,000--$100,000
Advertising$75,771--$75,771
Fees for Services Accounting$11,514$30,273$11,514$53,301
Office Expenses$20,712$175-$20,887
Insurance$13,011--$13,011
Travel$9,094--$9,094
Fees for Services Legal-$8,616-$8,616
Other Expenses$8,568$1,140$33,499$1,140
Total Functional Expenses$374,504$57,704$45,013$477,221

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,039,571
Expenses Not Reported on Form 990$1,562,350
Expenses per Audited Statements$477,221
Total Expenses per Form 990$477,221
Expenses Not Reported on Financial Statements$0
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 half 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 at 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
2017-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Fabiano
Formed
2009
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
7
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

Financial statements 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)

Dina powell dina is the head of goldman sachs bank usa's urban investment group, global head of the office of corporate engagement and president of the goldman sachs foundation. Dina joined goldman sachs as a managing director in 2007 and was named partner in 2010. Prior to joining goldman sachs, dina served as assistant secretary of state for educational and cultural affairs, as deputy undersecretary of state for public diplomacy and public affairs and as assistant to the president for presidential personnel in the white house. Dina serves on the board of the harvard business school social enterprise initiative, the american university in cairo, the center for global development and the nightingale-bamford school. She is a member of the council on foreign relations. 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 women entrepreneurs operating early stage ventures in all industries. 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 13 regions and there is now also a national program that includes online and in-person sessions. Fellows program the tory burch foundation fellows program is a national program for women entrepreneurs. Women entrepreneurs, from across the united states, submit applications online. Ten entrepreneurs are selected annually. Each fellow receives a grant for business education, participates in educational workshops taught by industry experts over 3-days hosted by the foundation in new york, and is provided with mentoring and guidance during the one-year program. Networking and mentoring events the foundation also hosts mentoring events for 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.

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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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 PUBLIC.1. PERCENTAGE OF SUPPORTTHE TORY BURCH FOUNDATION'S PUBLIC SUPPORT PERCENTAGE IS 29.10%, 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. 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, IN ADDITION TO LAUNCHING THE TORY BURCH FOUNDATION, 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 LYNC
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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/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL GRANTS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOUNDATION REPRESENTATIVES REGULARLY MONITOR GRANT USAGE THROUGH AN ONLINE PORTAL THAT CAPTURES ALL TRANSACTIONS AND BY MEETING OR CORRESPONDING WITH DONEE PERSONNEL TO DISCUSS THE RECIPIENT'S PROGRESS TOWARDS BUSINESS AND EDUCATIONAL GOALS ON AT LEAST AN ANNUAL BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT ISEN (TREASURER) IS THE HALF 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 AT WHICH TIME APPROPRIATE ACCESS WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS 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/ExplanationTxt7DINA POWELL DINA IS THE HEAD OF GOLDMAN SACHS BANK USA'S URBAN INVESTMENT GROUP, GLOBAL HEAD OF THE OFFICE OF CORPORATE ENGAGEMENT AND PRESIDENT OF THE GOLDMAN SACHS FOUNDATION. DINA JOINED GOLDMAN SACHS AS A MANAGING DIRECTOR IN 2007 AND WAS NAMED PARTNER IN 2010. PRIOR TO JOINING GOLDMAN SACHS, DINA SERVED AS ASSISTANT SECRETARY OF STATE FOR EDUCATIONAL AND CULTURAL AFFAIRS, AS DEPUTY UNDERSECRETARY OF STATE FOR PUBLIC DIPLOMACY AND PUBLIC AFFAIRS AND AS ASSISTANT TO THE PRESIDENT FOR PRESIDENTIAL PERSONNEL IN THE WHITE HOUSE. DINA SERVES ON THE BOARD OF THE HARVARD BUSINESS SCHOOL SOCIAL ENTERPRISE INITIATIVE, THE AMERICAN UNIVERSITY IN CAIRO, THE CENTER FOR GLOBAL DEVELOPMENT AND THE NIGHTINGALE-BAMFORD SCHOOL. SHE IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS. 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 WOMEN ENTREPRENEURS OPERATING EARLY STAGE VENTURES IN ALL INDUSTRIES. 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 13 REGIONS AND THERE IS NOW ALSO A NATIONAL PROGRAM THAT INCLUDES ONLINE AND IN-PERSON SESSIONS. FELLOWS PROGRAM THE TORY BURCH FOUNDATION FELLOWS PROGRAM IS A NATIONAL PROGRAM FOR WOMEN ENTREPRENEURS. WOMEN ENTREPRENEURS, FROM ACROSS THE UNITED STATES, SUBMIT APPLICATIONS ONLINE. TEN ENTREPRENEURS ARE SELECTED ANNUALLY. EACH FELLOW RECEIVES A GRANT FOR BUSINESS EDUCATION, PARTICIPATES IN EDUCATIONAL WORKSHOPS TAUGHT BY INDUSTRY EXPERTS OVER 3-DAYS HOSTED BY THE FOUNDATION IN NEW YORK, AND IS PROVIDED WITH MENTORING AND GUIDANCE DURING THE ONE-YEAR PROGRAM. NETWORKING AND MENTORING EVENTS THE FOUNDATION ALSO HOSTS MENTORING EVENTS FOR 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.
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)
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IRS990/USAddress/AddressLine1Txt011 WEST 19TH STREET 7TH FL
IRS990/USAddress/CityNm0NEW YORK
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IRS990/WebsiteAddressTxt0HTTP://TORYBURCHFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT ISEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06467236689
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TORY BURCH FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TORY
ReturnHeader/Filer/EIN0263660127

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.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $5M-$10M nonprofits