Civic Intelligence

Tory Burch Foundation Inc.

990 • Fiscal year 2020 • EIN 26-3660127

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 11, 2021

11 West 19th Street 7th FLNew York, NY 10011

(646) 723-6689

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.

2020 filings • NTEE P • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.08x

Higher debt load relative to revenue than 18% of similar nonprofits.

2020 filings • NTEE P • $10M-$25M nonprofits • Source year 2020

Net Margin

95th percentile

57%

Higher net margin than 95% of similar nonprofits.

2020 filings • NTEE P • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

11th percentile

$40,481

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2020 filings • NTEE P • $10M-$25M nonprofits • Source year 2020

Asset Growth

79th percentile

32%

Faster asset growth than 79% of similar nonprofits.

2020 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

77%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$13,185,456

Up $3,207,472 (+32%) from 2019

Net Assets

Up

$12,736,649

Up $3,139,633 (+33%) from 2019

Liabilities

Up

$448,807

Up $67,839 (+18%) from 2019

Revenue

Up

$5,425,081

Up $2,366,530 (+77%) from 2019

Expenses

Up

$2,308,700

Up $966,335 (+72%) from 2019

Net Income

Up

$3,116,381

Up $1,400,195 (+82%) from 2019

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

2020

Assets$13,185,456
Liabilities$448,807
Net Assets$12,736,649

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

2020

Revenue$5,425,081
Expenses$2,308,700
Net Income$3,116,381
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 11, 2021
Return Version
2019v5.2
Gross Receipts
$5,425,081
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.

To empower women and entrepreneurs by providing access to capital, education and digital resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,866,261$10,271,917▲ $4,405,656
Pledges and Grants Receivable$2,366,831$2,460,373▲ $93,542
Cash and Non-Interest-Bearing Accounts$1,689,930$375,657▼ $1,314,273
Investments in Publicly Traded Securities$51,920$77,177▲ $25,257
Total Assets$9,977,984$13,185,456▲ $3,207,472
Other Assets Total$3,042$332▼ $2,710
Liabilities
Grants Payable$241,239$350,865▲ $109,626
Deferred Revenue$63,279$54,400▼ $8,879
Accounts Payable and Accrued Expenses$76,450$43,542▼ $32,908
Total Liabilities$380,968$448,807▲ $67,839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,597,016$12,736,649▲ $3,139,633
Total Net Assets Fund Balance$9,597,016$12,736,649▲ $3,139,633
Total Liabilities and Net Assets / Fund Balance$9,977,984$13,185,456▲ $3,207,472
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laurie FabianoPresidentFT$40,481$40,481

Board Members and Trustees

NameTitle
Robert IsenChair and Treasurer
Deborah RobertsDirector
Hayley BoeskyDirector
Jamie TischDirector
Perri PeltzDirector
Susan DuffyDirector
Tony TjanDirector
Tracey KozmetskyDirector
Yasmin GreenDirector
Tory BurchFounder and Director
James RobinsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,365,048
Program Service Revenue
$0
Investment Income
$60,033
Other Revenue
$0
All Other Contributions
$5,365,048
Change in Net Assets
$3,116,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,425,081
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,429,249
Total Revenue per Audited Statements
$9,854,330
Total Revenue per Form 990
$5,425,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,853,458
Grants and Similar Amounts Paid$372,811
Salaries, Compensation, and Employee Benefits$82,431
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$257,709--$257,709
Other Expenses$11,967$130,879-$142,846
Grants to Domestic Orgs$115,102--$115,102
Current Officers, Directors, Trustees, and Key Employees-$82,431-$82,431
Advertising$39,765$20,331-$60,096
Fees for Services Accounting-$51,980-$51,980
Office Expenses$419$39,605-$40,024
Fees for Services Other$40,000--$40,000
Fees for Services Legal-$17,837-$17,837
Travel$153$16,773-$16,926
Total Functional Expenses$1,928,106$380,594$0$2,308,700

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,714,697
Expenses Not Reported on Form 990$4,405,997
Expenses per Audited Statements$2,308,700
Total Expenses per Form 990$2,308,700
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Actblue Charities IncSomerville, MA501(c)(3)To Help Eradicate White Supremacy and Build Local Power to Intervene in Violence Inflicted on Black Communities$20,000
Arts Business CollaborativeWoodside, NY501(c)(3)To Address the Global Crisis Faced by Black Trans People$20,000
Equal Justice InitiativeMontgomery, AL501(c)(3)To Help End Mass Incarceration and Excessive Punishment in the United States$20,000
Mitchell Kapor FoundationOakland, CA501(c)(3)To Make the Technology Ecosystem and Entrepreneurship More Diverse and Inclusive.$20,000
Naacp Legal Defense & Education Fund IncNew York, NY501(c)(3)To Expand Democracy, Eliminate Disparities, and Achieve Racial Justice$20,000
The 19th NewsAustin, TX501(c)(3)TO EMPOWER WOMEN, PEOPLE OF COLOR AND THE LGBTQ+ COMMUNITY$15,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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

Tory burch (founder and president), robert isen (chairperson and treasurer), and james robinson (secretary) have a family relationship. Tory burch (founder and president) and robert isen (chairperson and treasurer) have a business relationship.

Form 990, Part VI, Section A, Line 8B

There are currently no committees that are made up of the board members. The current board oversees all areas of the organization.

Form 990, Part VI, Section B, Line 11B

Tory burch foundation has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management, and is ready to be filed with the internal revenue service, it is electronically transmitted to the board of directors for review prior to submission to the irs.

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

Tory burch foundation has in place a conflict of interest policy, which applies to all directors, and principal officers. Each director and officer is required to sign a conflict of interest disclosure statement annually. An interested person must disclose as soon as practicable to the directors the existence of a potential conflict of interest and all material facts related to the conflict. In the event that a conflict of interest arises, the interested person with whom the conflict pertains to is excluded from voting on the issue. He/she leaves the room and the remaining board decide if a conflict of interest exists. With respect to any board discussion, decision, or actions involving transactions in which a director or officer has a conflict of interest, the minutes of the governing board will reflect the board's deliberations and voting process.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on the organization's website, guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request at 11 west 19th street, 7th floor, new york, ny 10011.

FORM 990, PART VII, SECTION A:

The executive director of tory burch foundation, inc. (foundation) is employed and compensated by tory burch llc. Her time is donated by tory burch llc. In addition, the executive director was paid $40,481 by the foundation in 2019 for marketing and event services rendered to the foundation through her llc.

Filing and Contact Details

Filer

Filer Name
Tory Burch Foundation Inc
EIN
26-3660127
Phone
6467236689
Address
11 WEST 19TH STREET 7TH FL, NEW YORK, NY 10011

Signing Officer

Name
Robert Isen
Title
Chair
Phone
6467236689
Signed
2021-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Fabiano
Formed
2008
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
100

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
500 MAMARONECK AVENUE, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The foundation's full board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Tbf recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that tbf had no uncertain tax positions that would require financial statement recognition or disclosure. Tbf is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to september 30, 2017.

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IRS990/Desc0CAPITALTHE 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. THE LOANS ARE MADE TO WOMEN ENTREPRENEURS OPERATING EARLY STAGE VENTURES IN ALL INDUSTRIES. EDUCATIONAS A RESULT OF THE COVID-19 PANDEMIC, THE TORY BURCH FOUNDATION PIVOTED TO OFFER SMALL BUSINESS OWNERS CREDIBLE, QUALITY INFORMATION FOR FREE TO HELP THEM NAVIGATE THE CHANGING LANDSCAPE. IN APRIL 2020, THE FOUNDATION LAUNCHED A RECURRING SMALL BUSINESS WEBINAR SERIES TO PROVIDE THE MOST RELEVANT AND CURRENT INFORMATION FOR WOMEN BUSINESS OWNERS. THE SERIES IS MODERATED BY THE FOUNDATION'S CHIEF OPERATING OFFICER, GABRIELLE RAYMOND MCGEE, AND FEATURES TOP EXPERTS. IN FY20, THE FOUNDATION HOSTED A TOTAL OF 14 WEBINARS. ADDITIONALLY, THE FOUNDATION CONTINUES TO PRODUCE FREE ARTICLES AND ONLINE TOOLS FOR OUR COMMUNITY IN ORDER TO ENSURE SMALL BUSINESS OWNERS HAVE THE RESOURCES THEY NEED TO SURVIVE AND SUSTAIN BEYOND THE PANDEMIC.DIGITAL RESOURCESTHE TORY BURCH FOUNDATION WEBSITE IS A DIGITAL RESOURCE HUB WITH COMPREHENSIVE AND TIMELY CONTENT FOR ENTREPRENEURS. THERE ARE SCORES OF ORIGINAL ARTICLES ADDRESSING FINANCE, MARKETING, OPERATIONS AND MORE; INTERVIEWS WITH SUCCESSFUL BUSINESS LEADERS; AND TOOLS, SUCH AS A BUSINESS PLAN BUILDER. THERE IS ALSO A DONATION PORTAL FOR THE PUBLIC AT WWW.TORYBURCHFOUNDATION.ORG.FELLOWS PROGRAMTHE TORY BURCH FOUNDATION FELLOWS PROGRAM IS A NATIONAL PROGRAM FOR EARLY-STAGE WOMEN ENTREPRENEURS. WOMEN ENTREPRENEURS FROM ACROSS THE UNITED STATES SUBMIT APPLICATIONS ONLINE. 50 ENTREPRENEURS ARE SELECTED ANNUALLY. EACH FELLOW RECEIVES ONE-YEAR OF VIRTUAL EDUCATION PROGRAMMING, WORKSHOPS AND BUSINESS GUIDANCE, A $5,000 GRANT FOR BUSINESS EDUCATION, AND ACCESS TO THE FOUNDATION'S PRIVATE ONLINE PEER COMMUNITY OF FELLOWS. IN NOVEMBER 2020, THE FOUNDATION LAUNCHED AN EXCLUSIVE LOAN PROGRAM THAT PROVIDES $15-25K NO-INTEREST LOANS FOR WORKING CAPITAL NEEDS. #EMBRACEAMBITION CAMPAIGN AND EVENTSTHE FOUNDATION'S INITIATIVE #EMBRACEAMBITION LAUNCHED IN MARCH 2017 AS A GLOBAL INITIATIVE TO CHANGE THE CULTURAL STIGMA AROUND AMBITION IN WOMEN. IN 2018, THE FOUNDATION LAUNCHED THE EMBRACE AMBITION SUMMIT, A ONE-DAY EVENT COMMITTED TO CONFRONTING STEREOTYPES AND UNCONSCIOUS BIAS. IN 2019, THE FOUNDATION CONTINUED ITS EFFORTS WITH THE EMBRACE AMBITION SERIES, WHICH VISITED 10 CITIES THROUGHOUT THE COUNTRY IN JUST FIVE DAYS. IN MARCH 2020, THE FOUNDATION HOSTED ITS SECOND EMBRACE AMBITION SUMMIT. DURING FISCAL YEAR 2020, THE ORGANIZATION MADE SIX GRANTS TO OTHER 501(C)(3) ORGANIZATIONS FOR THE COMMON PURPOSE OF FIGHTING RACIAL INJUSTICE.
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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 29.52%, WELL ABOVE THE 10% REQUIRED TO QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION WHEN MEETING THE FACTS-AND-CIRCUMSTANCES TEST. 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 NATIONAL COMMUNITY OF WOMEN ENTREPRENEUR. 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, AMONG MANY OTHERS.ABBREVIATED BOARD MEMBER BIOGRAPHIES FOLLOW BELOW:TORY BURCHTORY BURCH IS THE EXECUTIVE CHAIRMAN AND CHIEF CREATIVE OFFICER OF TORY BURCH LLC, AN AMERICAN LIFESTYLE BRAND. TORY LAUNCHED THE COMPANY IN 2004 WITH A SMALL BOUTIQUE ON ELIZABETH STREET IN NEW YORK CITY AS WELL AS AN ECOMMERCE SITE. THE BRAND HAS SINCE GROWN INTO A GLOBAL BUSINESS WITH BOUTIQUES FROM NEW YORK TO PARIS AND SHANGHAI.IN 2015, SHE LAUNCHED TORY SPORT, A COLLECTION OF PERFORMANCE ACTIVEWEAR THAT BALANCES CUTTING-EDGE FUNCTIONALITY WITH CLASSIC DESIGN. SOCIAL RESPONSIBILITY WAS BUILT INTO TORY'S BUSINESS PLAN AND HAS BEEN A PART OF THE COMPANY FROM ITS INCEPTION. IN 2009, SHE LAUNCHED THE TORY BURCH FOUNDATION TO ADVANCE WOMEN'S EMPOWERMENT AND ENTREPRENEURSHIP IN THE UNITED STATES BY PROVIDING ACCESS TO CAPITAL, EDUCATION AND DIGITAL RESOURCES, AS WELL AS A FELLOWSHIP PROGRAM. TO DATE, OVER $60M IN LOANS HAVE BEEN DISTRIBUTED TO OVER 3,500 WOMEN ENTREPRENEURS THROUGH THE FOUNDATION'S CAPITAL PROGRAM POWERED BY BANK OF AMERICA.TORY ALSO SERVES ON SEVERAL BOARDS INCLUDING THE SOCIETY OF MEMORIAL SLOAN-KETTERING CANCER CENTER AND THE JAY H. BAKER RETAILING CENTER AT THE UNIVERSITY OF PENNSYLVANIA'S WHARTON SCHOOL. IN ADDITION, SHE IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS. TORY HAS BEEN RECOGNIZED WITH NUMEROUS AWARDS AND HONORS, INCLUDING THE CFDA FOR ACCESSORY DESIGNER OF THE YEAR, FORBES'S MOST POWERFUL WOMEN IN THE WORLD, THE BREAST CANCER RESEARCH FOUNDATION'S SANDRA TAUB HUMANITARIAN AWARD AND GLAMOUR'S WOMEN OF THE YEAR. HER FIRST BOOK, TORY BURCH IN
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PERRI PELTZ IS AN EMMY-WINNING DOCUMENTARY FILMMAKER, JOURNALIST, AND PUBLIC HEALTH ADVOCATE. MOST RECENTLY, PERRI CREATED THE DOCUMENTARY NEWS SERIES AXIOS ON HBO WITH MATTHEW O'NEILL. PERRI & MATTHEW ALSO CO-DIRECTED AND PRODUCED THE 2019 HBO DOCUMENTARY, ALTERNATE ENDINGS: SIX NEW WAYS TO DIE IN AMERICA. PREVIOUSLY, PERRI DIRECTED THE HBO DOCUMENTARY, WARNING: THIS DRUG MAY KILL YOU, ABOUT THE OPIOID ADDICTION EPIDEMIC. SHE PRODUCED THE HBO DOCUMENTARY RISKY DRINKING AND CO-DIRECTED A CONVERSATION ABOUT GROWING UP BLACK AS PART OF THE "CONVERSATION ON RACE" SERIES FOR THE NEW YORK TIMES OP-DOCS. OTHER FILMS INCLUDE HBO'S REMEMBERING THE ARTIST: ROBERT DE NIRO, SR. AND PRISON DOGS. PERRI HOSTS "THE PERRI PELTZ SHOW" ON SIRIUSXM AND IS A DOCTORAL CANDIDATE AT COLUMBIA UNIVERSITY'S SCHOOL OF PUBLIC HEALTH. SHE WAS PREVIOUSLY AN AWARD-WINNING BROADCAST JOURNALIST FOR NBC, ABC, AND CNN. DEBORAH ROBERTS DEBORAH ROBERTS IS AN AWARD WINNING JOURNALIST AT ABC NEWS WHO SERVES AS A SENIOR NATIONAL AFFAIRS CORRESPONDENT. ROBERTS REGULARLY REPORTS FOR 20/20, GOOD MORNING AMERICA, NIGHTLINE AND WORLD NEWS TONIGHT WITH DAVID MUIR. SHE ALSO CONTRIBUTES AS A FILL IN HOST ON THE VIEW AND SUBSTITUTE ANCHOR ON NIGHTLINE. ROBERTS HAS BEEN AWARDED A PEABODY FOR HER IN DEPTH REPORTING ON THE BREONNA TAYLOR STORY AS WELL AS MULTIPLE EMMY AWARDS FOR HER INTERNATIONAL AND NATIONAL COVERAGE OF HARD HITTING ISSUES. ROBERTS IS ALSO AN AUTHOR OF BEEN THERE DONE THAT: FAMILY WISDOM FOR MODERN TIMES, A BOOK SHE CO-WROTE WITH HER HUSBAND, AL ROKER. ROBERTS MAKES HER HOME IN MANHATTAN WITH ROKER AND THEIR CHILDREN. JAMES ROBINSON JAMIE IS FOUNDER AND CEO OF TAPP TECHNOLOGIES, A BEVERAGE ANALYTICS AND ENGAGEMENT COMPANY. LAUNCHING HIS CAREER AS A CERTIFIED NFL AGENT, JAMIE HAS NEGOTIATED SPORTS AND ENTERTAINMENT MERCHANDISING, LICENSING AND SPONSORSHIP AGREEMENTS TOTALING IN EXCESS OF $1 BILLION. HE HAS ALSO CREATED MARKETING CAMPAIGNS ON BEHALF OF A NUMBER OF THE NATION'S LEADING BRANDS INCLUDING HALLMARK CARDS, FANATICS, GAP, MCDONALD'S, COCA-COLA, RAWLINGS SPORTING GOODS, DUNKIN' DONUTS AND MANY OTHERS. IN HIS SPARE TIME, JAMIE LOVES TO SEARCH FOR "EARTH'S TREASURES AND WAS THE FIRST PERSON TO PROVE THAT DINOSAURS AND T REX ONCE ROAMED SWEET GRASS COUNTY IN MONTANA. HE IS A MEMBER NATIONAL OF THE EXPLORERS CLUB AND COLLECTS ART AND IS AN ASPIRING CHEF. 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. TONY TJAN TONY TJAN IS CEO OF CUE BALL GROUP, A PRIVATE INVESTMENT FIRM FOCUSED ON LONG-TERM AND TRANSFORMATIVE OPPORTUNITIES ACROSS TECHNOLOGY, MEDIA AND CONSUMER BRANDS. HE ALSO IS CO-FOUNDER AND CHAIRMAN OF MINILUXE, THE LIFESTYLE NAIL CARE BRAND THAT IS POSITIVELY CHANGING THE INDUSTRY, AND WAS THE FOUNDER OF ZEFER, ONE OF THE EARLIEST WEB APPLICATION COMPANIES. PREVIOUSLY HE PLAYED SENIOR LEADERSHIP ROLES AT THOMSON REUTERS AND THE PARTHENON GROUP. TONY HAS WRITTEN OVER 100 PIECES FOR HARVARD BUSINESS REVIEW AND IS A NEW YORK TIMES BEST-SELLING AUTHOR OF HEART, SMARTS, GUTS AND LUCK AND AUTHOR OF GOOD PEOPLE. HE SERVES ON THE MIT MEDIA LAB ADVISORY COUNCIL AND IS A RECIPIENT OF THE ELLIS ISLAND MEDAL OF HONOR. 4. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES; TORY BURCH FOUNDATION PROVIDES SERVICES FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS, PLEASE SEE SCHEDULE O FOR INFORMATION ABOUT THE ORGANIZATION'S PROGRAMS. 5. DIVERSIFYING DONATIONS TORY BURCH FOUNDATION RECEIVED CONTRIBUTIONS FROM MORE DIVERSE DONORS DURING FY2020 WHICH SHOWS THE ORGANIZATION'S EFFORTS TO BROADEN ITS FUNDRAISING AND SUPPORT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PERRI PELTZ
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TBF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT TBF HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. TBF IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO SEPTEMBER 30, 2017.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FELLOWS GRANTS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO HELP ERADICATE WHITE SUPREMACY AND BUILD LOCAL POWER TO INTERVENE IN VIOLENCE INFLICTED ON BLACK COMMUNITIES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO HELP END MASS INCARCERATION AND EXCESSIVE PUNISHMENT IN THE UNITED STATES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO EXPAND DEMOCRACY, ELIMINATE DISPARITIES, AND ACHIEVE RACIAL JUSTICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO ADDRESS THE GLOBAL CRISIS FACED BY BLACK TRANS PEOPLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO MAKE THE TECHNOLOGY ECOSYSTEM AND ENTREPRENEURSHIP MORE DIVERSE AND INCLUSIVE.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO EMPOWER WOMEN, PEOPLE OF COLOR AND THE LGBTQ+ COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ACTBLUE CHARITIES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1EQUAL JUSTICE INITIATIVE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NAACP LEGAL DEFENSE & EDUCATION FUND INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ARTS BUSINESS COLLABORATIVE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MITCHELL KAPOR FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5THE 19TH NEWS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE TORY BURCH FOUNDATION FELLOWS PROGRAM IS A NATIONAL YEAR-LONG FELLOWSHIP PROGRAM FOR WOMEN ENTREPRENEURS. WOMEN ENTREPRENEURS, FROM ACROSS THE UNITED STATES, SUBMIT APPLICATIONS THROUGH AN ONLINE PORTAL. APPLICANTS GO THROUGH A RIGOROUS REVIEW PROCESS. FELLOWS SELECTION IS BASED ON A VARIETY OF FACTORS, INCLUDING: - PERSONAL STATEMENT AND RESUME - THE BUSINESS PLAN - SOCIAL RESPONSIBILITY - PROPOSED USE OF EDUCATION GRANT - SCREENING INTERVIEW UP TO 50 FELLOWS WILL BE SELECTED FROM AMONG ALL ELIGIBLE APPLICANTS, AND WE TAKE INTO CONSIDERATION MULTIPLE FACTORS INCLUDING, BUT NOT LIMITED TO, HOW THE BUSINESS CREATES POSITIVE AND LASTING IMPACT, WHAT UNIQUE FACTORS DIFFERENTIATE THE BUSINESS, WHAT PROBLEMS THE BUSINESS SOLVE, THE SUBSTANCE AND QUALITY OF THE BUSINESS PLAN, WHAT OBSTACLES THE APPLICANT HAS OVERCOME, AND INVESTMENT OPPORTUNITIES. ALL FELLOWS RECEIVE EDUCATION GRANTS AND REQUEST APPROVAL FROM FOUNDATION STAFF PRIOR TO USING THEIR EDUCATIONAL GRANT FUNDING. FOUNDATION STAFF REGULARLY MONITOR GRANT USAGE THROUGH AN ONLINE PORTAL THAT CAPTURES ALL TRANSACTIONS. FELLOWS ARE ASKED TO SUBMIT SEMIANNUAL UPDATES AND CORRESPOND WITH FOUNDATION STAFF REGULARLY VIA EMAIL, OUR PRIVATE ONLINE COMMUNITY, AND/OR ON VIRTUAL CALLS. THE ORGANIZATION PROVIDED SIX GRANTS TO ORGANIZATION DURING THE TAX YEAR 2020. ALL ORGANIZATION ARE 501(C)(3) PUBLIC CHARITIES WITH THE COMMON MISSION OF FIGHTING RACIAL INJUSTICE, WHICH IS IN FURTHERANCE OF THE ORGANIZATION'S MISSION TO EMPOWER WOMEN AND ENTREPRENEURS. THE DONATION WERE FOR GENERAL OPERATING SUPPORT OF THESE PUBLIC CHARITIES.
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IRS990ScheduleI/Total501c3OrgCnt06
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TORY BURCH (FOUNDER AND PRESIDENT), ROBERT ISEN (CHAIRPERSON AND TREASURER), AND JAMES ROBINSON (SECRETARY) HAVE A FAMILY RELATIONSHIP. TORY BURCH (FOUNDER AND PRESIDENT) AND ROBERT ISEN (CHAIRPERSON AND TREASURER) HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE CURRENTLY NO COMMITTEES THAT ARE MADE UP OF THE BOARD MEMBERS. THE CURRENT BOARD OVERSEES ALL AREAS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TORY BURCH FOUNDATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY TRANSMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TORY BURCH FOUNDATION HAS IN PLACE A CONFLICT OF INTEREST POLICY, WHICH APPLIES TO ALL DIRECTORS, AND PRINCIPAL OFFICERS. EACH DIRECTOR AND OFFICER IS REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. AN INTERESTED PERSON MUST DISCLOSE AS SOON AS PRACTICABLE TO THE DIRECTORS THE EXISTENCE OF A POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS RELATED TO THE CONFLICT. IN THE EVENT THAT A CONFLICT OF INTEREST ARISES, THE INTERESTED PERSON WITH WHOM THE CONFLICT PERTAINS TO IS EXCLUDED FROM VOTING ON THE ISSUE. HE/SHE LEAVES THE ROOM AND THE REMAINING BOARD DECIDE IF A CONFLICT OF INTEREST EXISTS. WITH RESPECT TO ANY BOARD DISCUSSION, DECISION, OR ACTIONS INVOLVING TRANSACTIONS IN WHICH A DIRECTOR OR OFFICER HAS A CONFLICT OF INTEREST, THE MINUTES OF THE GOVERNING BOARD WILL REFLECT THE BOARD'S DELIBERATIONS AND VOTING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON THE ORGANIZATION'S WEBSITE, GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 11 WEST 19TH STREET, 7TH FLOOR, NEW YORK, NY 10011.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE DIRECTOR OF TORY BURCH FOUNDATION, INC. (FOUNDATION) IS EMPLOYED AND COMPENSATED BY TORY BURCH LLC. HER TIME IS DONATED BY TORY BURCH LLC. IN ADDITION, THE EXECUTIVE DIRECTOR WAS PAID $40,481 BY THE FOUNDATION IN 2019 FOR MARKETING AND EVENT SERVICES RENDERED TO THE FOUNDATION THROUGH HER LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION'S FULL BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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