Civic Intelligence

Runway of Dreams Foundation

EIN 46-4077199 • 501(c)3 • New York, NY

Profile

Runway of dreams foundation works toward a future of inclusion, acceptance and opportunity in the fashion industry for people with disabilities.

633 Third Avenue 6th FloorNew York, NY 10017

www.runwayofdreams.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

8.99x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.65x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$63,660

Up $6,531 (+11%) from 2023

Liabilities

Up

$572,520

Up $181,155 (+46%) from 2023

Net Assets

Down

-$508,860

Down $174,624 (-52%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin15th percentile

Revenue

Down

$881,661

Down $186,003 (-17%) from 2023

Expenses

Down

$1,056,285

Down $410,609 (-28%) from 2023

Net Income

Up

-$174,624

Up $224,606 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500K-$1.0MAssets 2015: $44,387Liabilities 2015: $0Net Assets 2015: $44,3872015Assets 2016: $142,959Liabilities 2016: $6,938Net Assets 2016: $136,0212016Assets 2017: $400,964Liabilities 2017: $17,215Net Assets 2017: $383,7492017Assets 2018: $94,577Liabilities 2018: $32,437Net Assets 2018: $62,1402018Assets 2019: $301,957Liabilities 2019: $15,858Net Assets 2019: $286,0992019Assets 2020: $211,483Liabilities 2020: $57,987Net Assets 2020: $153,4962020Assets 2021: $499,115Liabilities 2021: $160,369Net Assets 2021: $338,7462021Assets 2022: $237,651Liabilities 2022: $45,214Net Assets 2022: $192,4372022Assets 2023: $57,129Liabilities 2023: $391,365Net Assets 2023: -$334,2362023Assets 2024: $63,660Liabilities 2024: $572,520Net Assets 2024: -$508,8602024

Highlighted filing

2024

Assets$63,660
Liabilities$572,520
Net Assets-$508,860
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $95,146Expenses 2015: $50,205Net Income 2015: $44,9412015Revenue 2016: $586,882Expenses 2016: $495,248Net Income 2016: $91,6342016Revenue 2017: $872,495Expenses 2017: $624,767Net Income 2017: $247,7282017Revenue 2018: $534,843Expenses 2018: $856,452Net Income 2018: -$321,6092018Revenue 2019: $1,131,196Expenses 2019: $907,237Net Income 2019: $223,9592019Revenue 2020: $248,616Expenses 2020: $381,219Net Income 2020: -$132,6032020Revenue 2021: $1,107,080Expenses 2021: $711,307Net Income 2021: $395,7732021Revenue 2022: $1,116,927Expenses 2022: $1,137,381Net Income 2022: -$20,4542022Revenue 2023: $1,067,664Expenses 2023: $1,466,894Net Income 2023: -$399,2302023Revenue 2024: $881,661Expenses 2024: $1,056,285Net Income 2024: -$174,6242024

Highlighted filing

2024

Revenue$881,661
Expenses$1,056,285
Net Income-$174,624
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$63,660
Liabilities
$572,520
Net assets
-$508,860
Revenue
$881,661
Expenses
$1,056,285
Net income
-$174,624
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.57$0.51$0.88$1.06$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.39$0.33$1.07$1.47$0.40
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.19$1.12$1.14$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.16$0.34$1.11$0.71$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.06$0.15$0.25$0.38$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.29$1.13$0.91$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.03$0.06$0.53$0.86$0.32
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$0.87$0.62$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.01$0.14$0.59$0.50$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.10$0.05$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,098,942
Mission and Program Overview

Mission

Runway of dreams foundation works toward a future of inclusion, acceptance and opportunity in the fashion industry.

We support the movement for disability inclusion in the fashion and beauty industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$290,000-
Pledges and Grants Receivable$21,320$34,514▲ $13,194
Cash and Non-Interest-Bearing Accounts$16,976$24,018▲ $7,042
Intangible Assets$2,304$2,304→ $0
Prepaid Expenses and Deferred Charges$12,598$2,100▼ $10,498
Land, Buildings, and Equipment, Net$3,931$724▼ $3,207
Total Assets$57,129$63,660▲ $6,531
Liabilities
Accounts Payable and Accrued Expenses$391,365$282,520▼ $108,845
Total Liabilities$391,365$572,520▲ $181,155
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-334,236$-508,860▼ $174,624
Total Net Assets Fund Balance$-334,236$-508,860▼ $174,624
Total Liabilities and Net Assets / Fund Balance$57,129$63,660▲ $6,531

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$724$7,195$7,919
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Dana NabereznyTrustee
Dave StevensTrustee
Dawn RobertsonTrustee
Gary SheinbaumTrustee
Kathryn CordesTrustee
Lydia SmithTrustee
Matt LaukaitisTrustee
Meghan AshaTrustee
Paul RosengardTrustee
Mindy ScheierFounder & CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,457
Program Service Revenue
$11,394
Investment Income
$3
Other Revenue
$-154,193
All Other Contributions
$223,692
Change in Net Assets
$-174,624

Audited Revenue Reconciliation

Revenue per Audited Statements
$881,661
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$881,661
Total Revenue per Form 990
$881,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$725,565
Salaries, Compensation, and Employee Benefits$320,720
Total Fundraising Expense$44,970
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$181,670$76,313$36,603$294,586
Fees for Services Accounting-$89,436-$89,436
Fees for Services Other$8,052$36,650-$44,702
Payroll Taxes$15,038$6,317$3,030$24,385
Travel$16,274$7,750$110$24,134
Interest-$18,952-$18,952
Information Technology$1,197$9,667$4,066$14,930
Fees for Services Legal-$11,675-$11,675
Grants to Domestic Individuals$10,000--$10,000
Other Expenses$5,615$2,781$657$9,053
Insurance-$5,460-$5,460
Office Expenses$2,176$1,058-$3,234
Depreciation Depletion-$3,208-$3,208
All Other Expenses$1,624$1,217$287$3,128
Advertising$2,316--$2,316
Other Employee Benefits$1,079$453$217$1,749
Total Functional Expenses$740,378$270,937$44,970$1,056,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,056,285
Total Expenses per Audited Statements$1,056,285
Total Expenses per Form 990$1,056,285
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$217,281
Fundraising Gross Income$61,185
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$861,950$61,185$275$60,910
Total Events$861,950$61,185$217,281$-156,096
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$290,000-
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 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 B, Line 11B

“Organization's process used to review form 990 the form 990 was prepared by an independent accounting firm. The form 990 was reviewed by and distributed to the full board of trustees for review and comment before it was filed with the internal revenue service.”

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

“Conflict of interest the conflict of interest policy is signed by appropriate employees annually. Each member of the board of directors signs the conflict of interest policy on an annual basis. If a member becomes aware of a conflict during the year, he/she promptly discloses it to the board.”

Form 990, Part VI, Section C, Line 19

“The organization makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

Filing and Contact Details

Filer

Filer Name
Runway of Dreams Foundation
EIN
46-4077199
Phone
2127274200
Address
633 THIRD AVENUE 6TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Carol Khoury
Title
CFO
Phone
2127274200
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Mcmahon
Formed
2014
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
100

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 9TH FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, is not liable for federal and state income taxes. The foundation follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the foundation's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken, or expected to be taken, in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. The foundation's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during the years ended december 31, 2024 and 2023. On december 31, 2024 and 2023, there are no significant income tax uncertainties.”

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IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0290000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt01389
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01389
IRS990/MissionDesc0RUNWAY OF DREAMS EMPOWERS PEOPLE WITH DISABILITIES TO HAVE CONFIDENCE AND SELF-EXPRESSION THROUGH FASHION AND BEAUTY INCLUSION. WE WORK TO GIVE PEOPLE WITH DISABILITIES ACCESS TO FASHION THAT EXCITES AND EMPOWERS THEM. (CONTINUED ON SCHEDULE O)WE RAISE AWARENESS, EDUCATE CONSUMERS, ADVOCATE FOR INDUSTRY CHANGE AND DEVELOP THE NEXT GENERATION OF INNOVATORS AND LEADERS.FOUNDED ON THE BASIS THAT CLOTHING IS A BASIC HUMAN NEED, THE RUNWAY OF DREAMS FOUNDATION DEVELOPS, DELIVERS, AND SUPPORTS CHARITABLE INITIATIVES TO BROADEN THE REACH OF ADAPTIVE CLOTHING AND PROMOTE THE DIFFERENTLY ABLED COMMUNITY IN THE FASHION INDUSTRY. THROUGH ADAPTIVE CLOTHING DONATIONS, EMPLOYMENT OPPORTUNITY INITIATIVES, ADAPTIVE DESIGN WORKSHOPS, AWARENESS BUILDING CAMPAIGNS, AND SCHOLARSHIP PROGRAMS, THE RUNWAY OF DREAMS FOUNDATION IS EMPOWERING PEOPLE WITH DISABILITIES WITH OPPORTUNITY, CONFIDENCE, INDEPENDENCE, AND STYLE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01058
IRS990/OfficeExpensesGrp/ProgramServicesAmt02176
IRS990/OfficeExpensesGrp/TotalAmt03234
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0217
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0453
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01079
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01749
IRS990/OtherExpensesGrp/Desc0RUNWAY EVENT PRODUCTION
IRS990/OtherExpensesGrp/Desc1RUNWAY EVENT FEES
IRS990/OtherExpensesGrp/Desc2MODELING & APPAREL
IRS990/OtherExpensesGrp/Desc3CREDIT CARD/PAYPAL FEES
IRS990/OtherExpensesGrp/FundraisingAmt0657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02781
IRS990/OtherExpensesGrp/ProgramServicesAmt0363470
IRS990/OtherExpensesGrp/ProgramServicesAmt1114749
IRS990/OtherExpensesGrp/ProgramServicesAmt217118
IRS990/OtherExpensesGrp/ProgramServicesAmt35615
IRS990/OtherExpensesGrp/TotalAmt0363470
IRS990/OtherExpensesGrp/TotalAmt1114749
IRS990/OtherExpensesGrp/TotalAmt217118
IRS990/OtherExpensesGrp/TotalAmt39053
IRS990/OtherRevenueTotalAmt01389
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036603
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076313
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0181670
IRS990/OtherSalariesAndWagesGrp/TotalAmt0294586
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03030
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06317
IRS990/PayrollTaxesGrp/ProgramServicesAmt015038
IRS990/PayrollTaxesGrp/TotalAmt024385
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt034514
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02100
IRS990/PrincipalOfficerNm0CHRISTINE MCMAHON
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0COLLEGIATE PROGRAMS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011394
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS & COLLEGIATE PROGRAMS: RUNWAY OF DREAMS FOUNDATION INVESTS IN THE FUTURE OF FUNCTIONAL FASHION BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. THE COLLEGE CLUBS ARE OFFICIAL ON CAMPUS, STUDENT-LED CLUBS THAT RAISE AWARENESS OF THE MISSION THROUGH CAMPAIGNS AND SOCIAL MEDIA AND HOST ADAPTIVE RUNWAY SHOWS FEATURING COMMUNITY MEMBERS WITH VARYING DISABILITIES WHO MODEL ADAPTIVE APPAREL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0139054
IRS990/ProgSrvcAccomActy2Grp/GrantAmt010000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011394
IRS990/ProgSrvcAccomActy3Grp/Desc0CAMPAIGN FOR INCLUSION: THE CAMPAIGN FOR INCLUSION IS THE FIRST MULTI-BRAND FASHION AND BEAUTY CAMPAIGN FEATURING PEOPLE WITH DISABILITIES WEARING ADAPTIVE & UNIVERSALLY DESIGNED PRODUCTS. RUNWAY OF DREAMS IS LEADING THE MOVEMENT OF DISABILITY INCLUSION IN THE FASHION AND BEAUTY INDUSTRIES, RAISING AWARENESS AND INSPIRING CHANGE THROUGH PROGRAMMING THAT CELEBRATES PEOPLE'S DIFFERENCES, CHALLENGES STEREOTYPES, AND HIGHLIGHTS THE NEED FOR ADAPTIVE & UNIVERSALLY DESIGNED APPAREL AND FOOTWEAR. THROUGH MAJOR MEDIA ENGAGEMENTS, SPEAKING OPPORTUNITIES, CONFERENCES, COMMUNITY PARTNERSHIPS AND COLLEGE CLUBS AND STORY TELLING INITIATIVES, THE FOUNDATION BRINGS VISIBILITY TO DISABILITY BY LEADING THE MOVEMENT OF INCLUSION IN THE FASHIONINDUSTRY.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01136410
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt01148596
IRS990/PYOtherRevenueAmt0-68761
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-399230
IRS990/PYSalariesCompEmpBnftPaidAmt0318298
IRS990/PYTotalExpensesAmt01466894
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01067664
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-174624
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0514
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0514
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GROSS INCOME FROM FUNDRAISING EVENTS - 2020 AMOUNT: $ 147,336. 2021 AMOUNT: $ 210,524. 2022 AMOUNT: $ 125,893. 2023 AMOUNT: $ 129,177. 2024 AMOUNT: $ 61,185. MISCELLANEOUS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 1,389.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01342207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01085636
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0699
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04303
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt011394
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt062574
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0129177
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0125893
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0210524
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0147336
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0675504
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01342207
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01085636
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0248591
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04836602
IRS990ScheduleA/TotalSupportAmt05516409
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. ON DECEMBER 31, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0881661
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IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0275
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IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN COLLABORATION WITH THE FASHION SCHOLARSHIP FUND (FSF), WE INVEST IN THE FUTURE OF FASHIONABLE AND FUNCTIONAL APPAREL BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. SCHOLARSHIP FUNDS CAN BE APPLIED TO ANY EDUCATIONAL EXPENSES SUCH AS TUITION, SUMMER INTERN, HOUSING, STUDY ABROAD ETC. THE FASHION SCHOLARSHIP FUND'S EXPECTATIONS FOR THE USE OF THE SCHOLARSHIP AWARD IS PRETTY STRAIGHTFORWARD. A SCHOLAR MUST DEMONSTRATE A COMMITMENT TO HIS/HER STUDIES, REMAIN A STUDENT IN GOOD STANDING, AND HONOR THE ACADEMIC OBLIGATIONS AS REQUIRED BY HIS/HER SCHOOL. IT'S THE SCHOLAR'S RESPONSIBILITY TO FOLLOW THE POLICY OF HIS/HER COLLEGE/UNIVERSITY TO PROCESS THE FUNDS RECEIVED. NO FURTHER MONITORING OF THE SCHOLARSHIP IS REQUIRED AS AN INDIVIDUAL WILL NOT HAVE RECEIVED AN AWARD IF THEY DO NOT MEET THE ELIGIBILITY REQUIREMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00

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