Civic Intelligence

Tory Burch Foundation Inc.

990 • Fiscal year 2023 • EIN 26-3660127

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 15, 2024

Organization ProfileWWW.TORYBURCHFOUNDATION.ORG
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

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.06x

Higher debt load relative to revenue than 17% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Net Margin

82nd percentile

21%

Higher net margin than 82% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

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.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Asset Growth

46th percentile

5.9%

Faster asset growth than 46% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$17,370,807

Up $971,063 (+5.9%) from 2022

Net Assets

Up

$17,155,411

Up $1,127,104 (+7.0%) from 2022

Liabilities

Down

$215,396

Down $156,041 (-42%) from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin82nd percentile

Revenue

Down

$3,530,589

Down $2,792,927 (-44%) from 2022

Expenses

Down

$2,805,384

Down $3,460,666 (-55%) from 2022

Net Income

Up

$725,205

Up $667,739 (+1162%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2023

Assets$17,370,807
Liabilities$215,396
Net Assets$17,155,411
Open 2023 Filing

Operations Trend

Revenue Growth6th 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

2023

Revenue$3,530,589
Expenses$2,805,384
Net Income$725,205
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 15, 2024
Return Version
2022v5.0
Gross Receipts
$3,808,178
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 entrepreneurs by providing access to capital, education and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,120,837$11,774,396▲ $2,653,559
Investments in Publicly Traded Securities$2,134,923$2,531,806▲ $396,883
Pledges and Grants Receivable$3,815,794$1,802,585▼ $2,013,209
Investments Other Securities$484,236$435,244▼ $48,992
Cash and Non-Interest-Bearing Accounts$273,878$142,831▼ $131,047
Prepaid Expenses and Deferred Charges$1,777$59,091▲ $57,314
Total Assets$16,399,744$17,370,807▲ $971,063
Other Assets Total$568,299$624,854▲ $56,555
Liabilities
Grants Payable$199,543$137,804▼ $61,739
Deferred Revenue$54,400$54,400→ $0
Accounts Payable and Accrued Expenses$117,494$23,192▼ $94,302
Total Liabilities$371,437$215,396▼ $156,041
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,028,307$17,155,411▲ $1,127,104
Total Net Assets Fund Balance$16,028,307$17,155,411▲ $1,127,104
Total Liabilities and Net Assets / Fund Balance$16,399,744$17,370,807▲ $971,063
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Robert IsenChair
Laurie FabianoPresident
Andrea WishomDirector
Deborah RobertsDirector
Hayley BoeskyDirector
Jane OchDirector
Laura ManessDirector
Perri PeltzDirector
Savaria HarrisDirector
Susan DuffyDirector
Tony TjanDirector
Tracey KozmetskyDirector
Vivian ZelterDirector
Yasmin GreenDirector
Tory BurchFounder and Director
James RobinsonSecretary
Reepal ShahTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Redrock Entertainment ServicesEvent Management Services435 SOUTH SAN FERNANDO BOULEVARD, Burbank, CA 91502$254,525
GrowInformation Technology Services400 GRANBY STREET SUITE 200, Norfolk, VA 23510$205,014
Great PerformancesCatering Services2417 THIRD AVENUE SUITE 300, Bronx, NY 10451$176,205
4wall Entertainment INCAudio/visual Services1 CAROL PLACE, Moonachie, NJ 07074$166,389
Vimeo INCVideo Hosting Services555 WEST 18TH STREET, New York, NY 10011$102,928
Revenue and Support

Revenue Composition

Contributions and Grants
$2,998,588
Program Service Revenue
$0
Investment Income
$532,001
Other Revenue
$0
All Other Contributions
$2,998,588
Change in Net Assets
$725,205

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$50,022Sales Price
Total Noncash Contributions2$50,022-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,519,302
Revenue Not Reported on Financial Statements
$11,287
Revenue Not Reported on Form 990
$2,680,566
Total Revenue per Audited Statements
$6,199,868
Total Revenue per Form 990
$3,530,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,576,873
Other Expenses$1,228,511
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,160,000--$1,160,000
Advertising$282,899$5,179-$288,078
Grants to Domestic Individuals$216,873--$216,873
Depreciation Depletion-$202,962-$202,962
Foreign Grants$200,000--$200,000
Travel$89,360$26,687-$116,047
Fees for Services Accounting-$94,508-$94,508
Information Technology$5,000$35,000-$40,000
Office Expenses$50$19,174-$19,224
Fees for Services Other$13,354--$13,354
Fees for Service Investment Mgmnt Fees-$11,287-$11,287
Insurance-$8,918-$8,918
Other Expenses$5,710$2,010-$5,710
Total Functional Expenses$2,399,659$405,725$0$2,805,384

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,072,764
Total Expenses per Form 990$2,805,384
Expenses per Audited Statements$2,711,901
Expenses Not Reported on Form 990$2,360,863
Expenses Not Reported on Financial Statements$93,483
Other Expense Adjustments$82,196
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fearless FoundationAtlanta, GA501(c)(3)TO SUPPORT THE ORGANIZATION'S GRANT PROGRAM TO SMALL BUSINESSES OWNED AND LED BY WOMEN OF COLOR.$1,150,000
Dolores C Huerta FoundationBakesfield, CA501(c)(3)TO SUPPORT THE ORGANIZATION'S NEIGHBORS UNITED PROGRAM.$10,000

International Summary

Offices
0
Employees
0
Spending
$200,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grantmaking-00$200,000
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
Yes
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 director), robert isen (chairperson), and james robinson (secretary) have a family relationship. Tory burch (founder and director) and robert isen (chairperson) have a business relationship.”

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 finance/audit committee for review and approval. It is then approved by the full board of directors at the recommendation of the finance committee 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 interests, 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. In addition, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request.”

FORM 990, PART VII, SECTION A:

“The president of tory burch foundation, inc. (foundation) is employed and compensated by 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
6467236689
Address
11 WEST 19TH STREET 7TH FL, NEW YORK, NY 10011

Signing Officer

Name
Robert Isen
Title
Chair
Phone
6467236689
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Fabiano
Formed
2008
Legal Domicile
De
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
137

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
245 PARK AVENUE 12TH FLOOR, NEW YORK, NY 10167
Preparer
Garrett M Higgins
Phone
2122862600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Grant refund netted against grant expenses 82,196.”

FORM 990, PART XII, LINE 2C:

“The foundation's finance & audit committee 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, 2020.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Grant refund netted against grant expenses 82,196.”

Raw XML AppendixShowing 400 of 607 raw XML fields

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

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IRS990/Desc0CAPITAL:CAPITAL PROGRAM POWERED BY BANK OF AMERICATHE 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. [SEE SCHEDULE O FOR CONTINUATION]CAPITAL:WOMEN OF COLOR GRANT PROGRAMTHE WOMEN OF COLOR GRANT PROGRAM PROVIDES $10,000 AND $20,000 GRANTS TO WOMEN OF COLOR-OWNED BUSINESSES. THESE ENTREPRENEURS ALSO RECEIVE ACCESS TO EDUCATION AND COMMUNITY IN PARTNERSHIP WITH THE FEARLESS FUND. NESTTHE TORY BURCH FOUNDATION PARTNERSHIP WITH NEST PROVIDED REPAYABLE GRANTS TO WOMEN ARTISANS AND MAKERS IN SELECT CITIES IN THE U.S. AS OF FY23, THE FOUNDATION HAS SUPPORTED ARTISANS THROUGH THE NEST REVOLVING MAKER FUND SUPPORTED BY THE TORY BURCH FOUNDATION. THIS PROGRAM CONCLUDED IN JULY 2023.
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IRS990/Form990PartVIISectionAGrp/PersonNm12DEBORAH ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm13TONY TJAN
IRS990/Form990PartVIISectionAGrp/PersonNm14ANDREA WISHOM
IRS990/Form990PartVIISectionAGrp/PersonNm15VIVIAN ZELTER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER AND DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
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IRS990/ProgSrvcAccomActy2Grp/Desc0FELLOWSHIPS: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 WOMEN 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 IN PARTNERSHIP WITH KIVA TO PROVIDE NO-INTEREST LOANS FOR WORKING CAPITAL NEEDS.FELLOWSHIPS:IGI FELLOWSHIPIN NOVEMBER 2020, THE TORY BURCH FOUNDATION LAUNCHED THE TORY BURCH FELLOWSHIP IN PARTNERSHIP WITH THE INNOVATIVE GENOMICS INSTITUTE (IGI). ONE WOMAN SCIENCE ENTREPRENEUR WAS CHOSEN TO BE EMBEDDED AT IGI FOR ONE YEAR WITH THE USE OF THEIR LABS AND THEIR STAFF AS MENTORS. THESE ENTREPRENEURS ALSO HAD THE OPTION OF JOINING THE TBF FELLOWS COMMUNITY AND WERE GIVEN ACCESS TO ALL TBF PROGRAMMING. THIS PROGRAM CONCLUDED IN SEPTEMBER 2023.VFILESIN MAY 2022, THE TORY BURCH FOUNDATION LAUNCHED A PARTNERSHIP WITH VFILES TO SUPPORT A VFILES LAB ENTREPRENEUR THROUGH THE TORY BURCH FOUNDATION FELLOWS PROGRAM. THE VFILES FOUNDATION IS A 501(C)(3) ORGANIZATION WITH THE MISSION TO INCREASE BUSINESS OWNERSHIP FOR CREATORS IN UNDERREPRESENTED COMMUNITIES (BIPOC, WOMEN, LGBTQ+). THE VFILES FOUNDATION PROVIDES SEED GRANTS, MENTORSHIP, AND SOFT SKILLS TRAINING THROUGH ITS FLAGSHIP PROGRAM, VFILES LAB. ONE ENTREPRENEUR WAS CHOSEN TO PARTICIPATE IN THE TBF FELLOWS COMMUNITY AND WAS GIVEN ACCESS TO ALL THE TBF PROGRAMMING. THIS PROGRAM CONCLUDED IN JUNE 2023.BILLIE JEAN KING SPORTS FELLOWSHIPIN APRIL 2023, THE TORY BURCH FOUNDATION LAUNCHED A PARTNERSHIP WITH THE BILLIE JEAN KING CUP AND THE INTERNATIONAL TENNIS FEDERATION TO SUPPORT WOMEN ENTREPRENEURS IN THE SPORTS INDUSTRY THROUGH THE TORY BURCH FOUNDATION FELLOWS PROGRAM. THIS ENTREPRENEUR WAS ALSO GIVEN ADDITIONAL RESOURCES AND SUPPORT FROM LEADERS IN THE SPORTS INDUSTRY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CAMPAIGNS AND EVENTS:SEED BOXES THE TORY BURCH FOUNDATION CURATES A SELECTION OF PRODUCTS MADE BY WOMEN OWNED BUSINESSES INTO ONE SEASONAL GIFT BOX. DESIGNED TO HELP PROMOTE THE FEATURED FOUNDERS' BRANDS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0EDUCATION PROGRAMS:SMALL BUSINESS WEBINARSAS 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. STARTING 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 TEAM AND FEATURES TOP EXPERTS. 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 EDUCATION HUB WITH COMPREHENSIVE AND TIMELY CONTENT FOR ENTREPRENEURS COVERING A RANGE OF BUSINESS TOPICS. THE DESTINATION FEATURES OVER 300+ ARTICLES AND ONLINE VIDEOS, AS WELL AS A BUSINESS PLAN BUILDER AND FUNDING FINDER TOOL. THERE IS ALSO A DONATION PORTAL FOR THE PUBLIC AT WWW.TORYBURCHFOUNDATION.ORG/DONATE.
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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 CONTRIBUTIONS MADE DIRECTLY OR INDIRECTLY BY THE GENERAL PUBLIC, 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 23.18%, 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 AND 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. TORY GREW UP ON A FARM IN VALLEY FORGE, PENNSYLVANIA, AND STUDIED ART HISTORY AT THE UNIVERSITY OF PENNSYLVANIA. SHE MOVED TO NEW YORK IN THE 1990S AND WORKED FOR ZORAN, HARPER'S BAZAAR, RALPH LAUREN, VERA WANG, AND LOEWE. TORY LAUNCHED HER COLLECTION IN 2004 WITH A CLEAR PURPOSE: TO BUILD A GLOBAL LUXURY LIFESTYLE BRAND THAT WOULD SUPPORT A FOUNDATION FOR WOMEN'S EMPOWERMENT. HER AESTHETIC IS ANCHORED IN THE RELAXED ELEGANCE OF AMERICAN SPORTSWEAR, KNOWN FOR ITS CRAFTMANSHIP AND QUALITY. AS HER COLLECTIONS EVOLVE, HER AMBITION REMAINS THE SAME: TO INSPIRE WOMEN TO EMBRACE THEIR INDIVIDUALITY AND PERSONAL STYLE. IN 2009, TORY ESTABLISHED THE TORY BURCH FOUNDATION TO PROVIDE WOMEN ENTREPRENEURS IN THE UNITED STATES WITH CAPITAL, EDUCATION, AND COMMUNITY. EVERY TORY BURCH PRODUCT SUPPORTS THE FOUNDATION'S WORK TO EMPOWER WOMEN. THROUGH HER UNIQUE HYBRID MODEL, TORY HAS CREATED A PARADIGM FOR AUTHENTIC BRAND PURPOSE. TORY HAS BEEN RECOGNIZED WITH NUMEROUS AWARDS AND HONORS, INCLUDING THE 2024 TIME 100, HARPER'S BAZAAR'S DESIGNER OF THE YEAR, THE CFDA FOR ACCESSORY DESIGNER OF THE YEAR, THE PARSONS SCHOOL OF DESIGN'S TABLE AWARD, FORBES'S MOST POWERFUL WOMEN IN THE WORLD, AND THE BREAST CANCER RESEARCH FOUNDATION'S SANDRA TAUB HUMANITARIAN AWARD. HER FIRST BOOK, TORY BURCH IN COLOR (ABRAMS, 2014), WAS A NEW YORK TIMES BEST SELLER, AND HER DESIGNS HAVE BEEN FEATURED IN THE METROPOLITAN MUSEUM OF ART'S COSTUME INSTITUTE. TORY SERVES ON SEVERAL BOARDS, INCLUDING THE COUNCIL OF FASHION DESIGNERS OF AMERICA, THE WHARTON SCHOOL'S JAY
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0YASMIN GREEN IS THE CEO OF JIGSAW, A UNIT WITHIN GOOGLE THAT ADDRESSES THREATS TO OPEN SOCIETIES. SHE LEADS AN INTERDISCIPLINARY TEAM THAT RESEARCHES AND DEVELOPS TECHNICAL SOLUTIONS TO A RANGE OF GLOBAL SECURITY CHALLENGES, INCLUDING VIOLENT EXTREMISM, REPRESSIVE CENSORSHIP, HATE AND HARASSMENT, AND HARMFUL MISINFORMATION. PRIOR TO JIGSAW, YASMIN'S ROLES AT GOOGLE INCLUDE DEAL NEGOTIATION FOR SYNDICATION PARTNERSHIPS, HEADING OPERATIONS FOR SUB-SAHARAN AFRICA, AND SERVING AS THE HEAD OF SALES STRATEGY FOR SOUTHERN EUROPE, THE MIDDLE EAST AND AFRICA. YASMIN IS A MEMBER OF THE ASPEN CYBERSECURITY GROUP AND THE BOARDS OF THE ANTI-DEFAMATION LEAGUE AND THE TORY BURCH FOUNDATION. YASMIN HAS BEEN NAMED ONE OF FORTUNE'S "40 UNDER 40" MOST INFLUENTIAL YOUNG LEADERS, AND ONE OF FAST COMPANY'S "MOST CREATIVE PEOPLE IN BUSINESS." SAVARIA HARRIS SAVARIA HARRIS IS THE ASSOCIATE GENERAL COUNSEL FOR HEALTHCARE COMPLIANCE AT AMAZON HEALTH SERVICES, WHERE SHE LEADS THE LEGAL TEAM SUPPORTING HEALTHCARE COMPLIANCE FUNCTIONS SUCH AS BILLING, AUDIT, RISK ASSESSMENT, AND RISK MANAGEMENT WITH A FOCUS ON GOVERNMENT PROGRAMS COMPLIANCE. PREVIOUSLY, SAVARIA WAS A VICE PRESIDENT OF LAW AT JOHNSON & JOHNSON, ADVISING ON PATIENT ASSISTANCE PROGRAMS ACROSS ALL JANSSEN THERAPEUTIC AREAS. SHE RECEIVED THE 2022 JANSSEN BRAVO AWARD FOR TRYING NEW THINGS AND THE 2020 JANSSEN BRAVO AWARD FOR DRIVING DISRUPTIVE INNOVATION. SAVARIA HAS ALSO BEEN A SPEAKER ON INNOVATION AT TEDXJNJ, CHAIRED THE JOHNSON & JOHNSON CORPORATE CHAPTER OF THE WOMEN'S LEADERSHIP & INCLUSION EMPLOYEE RESOURCE GROUP, AND CREATED THE WLI ELEVATE INITIATIVE. BEFORE HER TIME AT JOHNSON & JOHNSON, SAVARIA WAS A LITIGATION PARTNER AT DLA PIPER AND KIRKLAND & ELLIS LLP. SHE ALSO TAUGHT BUSINESS ETHICS AT GEORGETOWN UNIVERSITY SCHOOL OF CONTINUING STUDIES. SAVARIA HOLDS A J.D. FROM GEORGETOWN UNIVERSITY LAW CENTER AND A B.A. WITH DISTINCTION FROM YALE UNIVERSITY. OUTSIDE OF HER PROFESSIONAL WORK, SAVARIA IS DEDICATED TO SUPPORTING WOMEN'S PROFESSIONAL AND ECONOMIC ADVANCEMENT THROUGH THE UNLOCKED FOUNDATION AND THE TORY BURCH FOUNDATION. ROBERT ISEN ROBERT IS CHIEF LEGAL OFFICER & PRESIDENT OF CORPORATE DEVELOPMENT. HE JOINED THE COMPANY IN SEPTEMBER 2008. PRIOR TO JOINING TORY BURCH, ROBERT WAS AN ENTREPRENEUR/FOUNDER, KEY OPERATING EXECUTIVE, AND ADVISOR WITH VARIOUS COMPANIES; INCLUDING BEMIS COMPANY, CONTINUUM AND VIAPACK. HE LAUNCHED HIS CAREER AS A CORPORATE ATTORNEY IN WASHINGTON, DC AND PHILADELPHIA, PA BEFORE MOVING ON TO PARAMOUNT PACKAGING CORPORATION (A PHILADELPHIA-BASED GLOBAL PACKAGING COMPANY) AS GENERAL COUNSEL AND EXECUTIVE VICE PRESIDENT. ROBERT RECEIVED HIS BACHELOR OF ARTS IN PSYCHOLOGY FROM DUKE UNIVERSITY BEFORE GRADUATING FROM BOSTON UNIVERSITY SCHOOL OF LAW. HE IS A MEMBER OF YOUNG PRESIDENTS ORGANIZATION/WPO AND SERVES ON THE BOARD OF TORY BURCH, LLC. TRACEY KOZMETSKY TRACEY DONOHO KOZMETSKY IS A PHILANTHROPIC LEADER IN HER 26TH YEAR OF WORK WITH THE KOZMETSKY FAMILY FOUNDATION, FORMERLY THE RGK FOUNDATION, WHICH IS AN INDEPENDENT FOUNDATION COMMITTED TO SPARKING MEANINGFUL IMPACT THROUGH GRANTS FOR BASIC NEEDS, EDUCATION, AND HEALTH, WITH SPECIAL EMPHASIS GIVEN TO VETERANS, WOMEN, AND CHILDREN. SHE IS A MEMBER OF THE UNIVERSITY OF TEXAS AT AUSTIN SCHOOL OF UNDERGRADUATE STUDIES ADVISORY COUNCIL, DALLAS' CRYSTAL CHARITY BALL AND THE BAYLOR SCOTT & WHITE DALLAS FOUNDATION ADVISORY BOARD WHICH SUPPORTS THE BAYLOR HEALTH CARE SYSTEM. TRACEY SERVED ON THE BOARD OF DIRECTORS OF DALLAS CHILDREN'S MEDICAL CENTER AND IS A FORMER PRESIDENT OF THE DALLAS CHILDREN'S ADVOCACY CENTER BOARD OF TRUSTEES. SHE IS THE RECIPIENT OF THE DALLAS NORTH STAR AND RUTH SHARP ALTSHULER AWARDS. TRACEY EARNED A BACHELOR OF ARTS DEGREE MAGNA CUM LAUDE FROM TEXAS CHRISTIAN UNIVERSITY. SHE BEGAN HER PROFESSIONAL CAREER IN NEW YORK CITY AT WOMEN'S WEAR DAILY/FAIRCHILD PUBLICATIONS AND WENT ON TO WORK IN MARKETING AND BUSINESS DEVELOPMENT AT COSMAIR/LOREAL PROFESSIONAL. SHE CONTINUED HER PROFESSIONAL GROW
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1JAMIE 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 $1BILLION. 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. REEPAL SHAH SINCE 2016, REEPAL SHAH HAS BEEN AN ADVISOR TO ROBINSWAY FAMILY OFFICE. PRIOR TO ROBINSWAY HE HELD KEY EXECUTIVE ROLES IN VARIOUS COMPANIES IN FASHION INDUSTRY AND RETAILING; INCLUDING, DONNA KARAN, FOOT LOCKER, KATE SPADE AND TORY BURCH, WHERE HE WAS CFO. REEPAL RECEIVED HIS MASTER'S IN BUSINESS ADMINISTRATION FROM NEW YORK INSTITUTE OF TECHNOLOGY IN FINANCE AND OPERATION. HE ALSO RECEIVED HIS MASTER IN COMMERCE FROM INDIA GUJRAT UNIVERSITY IN ACCOUNTING AND AUDITING. HE CURRENTLY SITS ON THE BAUBLEBAR BOARD AS ADVISOR. REEPAL HAS BEEN MARRIED TO SWATI FOR 33 YEARS AND HAS 2 CHILDREN VAREEL AND PAREEL. HE ENJOYS SPENDING TIME WITH FAMILY AND FRIENDS IN HIS SPARE TIME. TONY TJAN TONY TJAN IS THE CHAIRMAN AND MANAGING PARTNER OF CUE BALL, A PRIVATE INVESTMENT FIRM BASED IN BOSTON, AND THE CEO AND CO-FOUNDER OF MINILUXE, A PERSONAL CARE AND LIFESTYLE BRAND THAT SEEKS TO TRANSFORM THE NAIL CARE INDUSTRY. WITH A FOCUS ON PURPOSE-DRIVEN LONG-TERM INVESTMENTS, CUE BALL HAS COMMITTED MORE THAN 50% OF ITS CAPITAL TO WOMEN-LED, INCLUSIONARY VENTURES, MOST NOTABLY MINILUXE, WHOSE COMPANY'S CORE MISSION IS TO 'EMPOWER AND ENRICH LIVES THROUGH SELF-EXPRESSION'. PREVIOUSLY, HE WAS THE FOUNDER OF ZEFER, ONE OF THE EARLIEST WEB APPLICATION COMPANIES AND SEPARATELY, 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. ANDREA WISHOM ANDREA WISHOM IS A VISIONARY LEADER AND STRATEGIST AT THE FOREFRONT OF MEDIA, TECHNOLOGY, AND HIGH-IMPACT PROJECTS. AS PRESIDENT OF SKYWALKER HOLDINGS, LLC, A DIVERSIFIED FAMILY OFFICE, SHE OVERSEES FIDUCIARY, PHILANTHROPIC, AND STRATEGIC INITIATIVES. WITH A DISTINGUISHED CAREER SPANNING OVER TWO DECADES AS AN AWARD-WINNING MEDIA EXECUTIVE, MS. WISHOM HAS EMERGED AS AN INFLUENTIAL FORCE IN THE INDUSTRY. THROUGHOUT HER 22-YEAR TENURE AT THE OPRAH WINFREY SHOW AND OWN: OPRAH WINFREY NETWORK, SHE WAS INSTRUMENTAL IN LAUNCHING AND DEVELOPING SOME OF THE MOST SUCCESSFUL PROGRAMMING IN TELEVISION HISTORY, INCLUDING THE GROUNDBREAKING "THE OPRAH WINFREY SHOW AND THE HIGHLY-RATED "OPRAH'S NEXT CHAPTER." AS EXECUTIVE VICE PRESIDENT OF PROGRAMMING AND DEVELOPMENT SHE PLAYED A KEY ROLE IN LEADING OWN TO BECOME A TOP 30 NETWORK WITHIN ITS FIRST YEAR AND THE #1 CABLE NETWORK AMONG AFRICAN AMERICAN WOMEN. HER EXCEPTIONAL LEADERSHIP HAS BEEN RECOGNIZED WITH NUMEROUS AWARDS, INCLUDING A GLAAD AWARD FOR AN EPISODE OF SUPER SOUL SUNDAY, WHERE SHE WAS EXECUTIVE PRODUCER. CURRENTLY, ANDREA SERVES AS THE LEAD INDEPENDENT DIRECTOR AT PINTEREST (NYSE: PINS) AND AS A DIRECTOR FOR TORY BURCH LLC AND INFLECTION AI. SHE PREVIOUSLY SERVED ON THE BOARD OF NEXTDOOR HOLDINGS INC (NYSE: KIND). DEEPLY COMMITTED TO CIVIC ENGAGEMENT, SHE SERVES ON THE BOARD OF TRUSTEES FOR THE LUCAS MUSEUM OF NARRATIVE ART, AS A BOARD MEMBER FOR THE TORY BURCH FOUNDATION, CHICAGO PUBLIC MEDIA AND ON THE ADVISORY BOARD OF THE U.C. BERKELEY GRADUATE SCHOOL OF JOURNALISM. VIVIAN ZELTER VIVIAN'S PROFESSIONAL BACKGROUND STARTED ON WALL STREET IN FIN
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0YASMIN GREEN
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1JAMES ROBINSON
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IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05365048

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,370,807
Liabilities
$215,396
Net assets
$17,155,411
Revenue
$3,530,589
Expenses
$2,805,384
Net income
$725,205
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
2023Detailed filing. Detailed filing data is available for this year.$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