Civic Intelligence

Virgil Abloh Foundation

EIN 88-2495014 • 501(c)3 • White Plains, NY

Profile

Virgil Abloh Foundation (the "Foundation") was established in 2022 as a 501(c)(3) nonprofit organization in the state of Illinois. The Foundation was created with a mission to open doors, break barriers, and build a more equitable and inclusive industry for diverse youth and cultural leaders in pursuit of a limitless creative future.

C/O Grf Llc 445 Hamilton Ave 700White Plains, NY 10601

n/A

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-651%

Higher net margin than 1% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$53,125

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 23.6% of source-year revenue.

NTEE T30 • $1M-$5M nonprofits • Source year 2024

Asset Growth

12th percentile

-30%

Faster asset growth than 12% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-76%

Faster revenue growth than 3% of similar nonprofits.

NTEE T30 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$3,449,524

Down $1,458,326 (-30%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$3,449,524

Down $1,458,326 (-30%) from 2023

Operations
Liabilities / Revenue49th percentileNet Margin1st percentile

Revenue

Down

$225,540

Down $699,781 (-76%) from 2023

Expenses

Up

$1,693,004

Up $746,755 (+79%) from 2023

Net Income

Down

-$1,467,464

Down $1,446,536 (-6912%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$6.0M$4.0M$2.0M$0Assets 2022: $4,928,778Liabilities 2022: $0Net Assets 2022: $4,928,7782022Assets 2023: $4,907,850Liabilities 2023: $0Net Assets 2023: $4,907,8502023Assets 2024: $3,449,524Liabilities 2024: $0Net Assets 2024: $3,449,5242024

Highlighted filing

2024

Assets$3,449,524
Liabilities$0
Net Assets$3,449,524
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $5,023,864Expenses 2022: $95,086Net Income 2022: $4,928,7782022Revenue 2023: $925,321Expenses 2023: $946,249Net Income 2023: -$20,9282023Revenue 2024: $225,540Expenses 2024: $1,693,004Net Income 2024: -$1,467,4642024

Highlighted filing

2024

Revenue$225,540
Expenses$1,693,004
Net Income-$1,467,464
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,449,524
Liabilities
$0
Net assets
$3,449,524
Revenue
$225,540
Expenses
$1,693,004
Net income
-$1,467,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.00$3.45$0.23$1.69$1.47
2023Detailed filing. Detailed filing data is available for this year.$4.91$0.00$4.91$0.93$0.95$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$5.02$0.10$4.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$225,540
Mission and Program Overview

Mission

Virgil Abloh Foundation (the "Foundation") was established in 2022 as a 501(c)(3) nonprofit organization in the state of Illinois. The Foundation was created with a mission to open doors, break barriers, and build a more equitable and inclusive industry for diverse youth and cultural leaders in pursuit of a limitless creative future.

The foundation was created with a mission to open doors, break barriers, and build a more equitable and inclusive industry for diverse youth and cultural leaders in pursuit of a limitless creative future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,916,988$3,449,524▼ $1,467,464
Cash and Non-Interest-Bearing Accounts$4,907,851$3,442,537▼ $1,465,314
Land, Buildings, and Equipment, Net$9,137$6,987▼ $2,150
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,916,988$3,449,524▼ $1,467,464
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,916,988$3,449,524▼ $1,467,464
Total Liabilities and Net Assets / Fund Balance$4,916,988$3,449,524▼ $1,467,464

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,987$3,763$10,750
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dana LoatmanExecutive DirectorFT$53,125$53,125
Shannon AblohPresidentPT$4,250$4,250

Board Members and Trustees

NameTitle
Howard FellerDirector, Secretary
Anton PamerDirector, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Align Communications Creative LlPhilanthropic276 5TH AVENUE SUITE 704, New York, NY 10001$783,250
Arentfox Schiff LLPLegal233 SOUTH WACKER DRIVE SUITE 7100, Chicago, NY 60606$289,553
Eighth Wonder Studio LLCConsulting1396 HARBOR VIEW W, Hollywood, FL 33019$139,071
Korn FerryPhilanthropic200 PARK AVENUE 33 FL, New York, NY 10166$119,600
Revenue and Support

Revenue Composition

Contributions and Grants
$15,001
Program Service Revenue
$0
Investment Income
$210,539
Other Revenue
$0
All Other Contributions
$15,001
Change in Net Assets
$-1,467,464

Audited Revenue Reconciliation

Revenue per Audited Statements
$225,540
Total Revenue per Audited Statements
$225,540
Total Revenue per Form 990
$225,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,490,454
Total Fundraising Expense$926,674
Grants and Similar Amounts Paid$145,175
Salaries, Compensation, and Employee Benefits$57,375
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$82,536$926,674$1,009,210
Fees for Services Legal$57,573$247,963-$305,536
All Other Expenses$105,540$9,653-$115,193
Grants to Domestic Orgs$95,000--$95,000
Current Officers, Directors, Trustees, and Key Employees-$57,375-$57,375
Foreign Grants$50,175--$50,175
Fees for Services Accounting-$20,943-$20,943
Travel-$15,709-$15,709
Depreciation Depletion-$2,150-$2,150
Other Expenses-$1,511$0$1,511
Total Functional Expenses$308,288$458,042$926,674$1,693,004

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,693,004
Total Expenses per Audited Statements$1,693,004
Total Expenses per Form 990$1,693,004
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
GKJ StudiosBrooklyn, NY501(c)(3)General & Unrestricted$15,000
After School Matters IncChicago, IL501(c)(3)General & Unrestricted$10,000
Chicago Scholars FoundationChicago, IL501(c)(3)General & Unrestricted$10,000
Chicago West Community Music CenterChicago, IL501(c)(3)General & Unrestricted$10,000
Guitars Over Guns Organization IncMiami, FL501(c)(3)General & Unrestricted$10,000
Little Black Pearl WorkshopChicago, IL501(c)(3)General & Unrestricted$10,000
The Barack Obama FoundationChicago, IL501(c)(3)To support the My Brother's Keeper Alliance$10,000
The Gray Matter Experiencechicago, IL501(c)(3)General & Unrestricted$10,000
The National Museum of Mexican ArtChicago, IL501(c)(3)General & Unrestricted$10,000

International Compliance

Foreign grant records maintained
Yes
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Filing and Contact Details

Filer

Filer Name
Virgil Abloh Foundation
EIN
88-2495014
In Care Of
% C/O GRF LLC
Phone
2123078000
Address
C/O GRF LLC 445 HAMILTON AVE 700, WHITE PLAINS, NY 10601

Signing Officer

Name
Shannon Abloh
Title
President
Phone
2123078000
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Abloh
Formed
2022
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
2

Preparer

Firm
Gelfand Rennert & Feldman LLC
Address
445 HAMILTON AVE SUITE 700, WHITE PLAINS, NY 10601
Preparer
Todd Kamelhar
Phone
2123078000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

“Description:philanthropic summit exp total fees:783250”

Form 990 Part IX Line 11G

“Description:other professional fees total fees:225960”

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IRS990/MissionDesc0Virgil Abloh Foundation (the "Foundation") was established in 2022 as a 501(c)(3) nonprofit organization in the state of Illinois. The Foundation was created with a mission to open doors, break barriers, and build a more equitable and inclusive industry for diverse youth and cultural leaders in pursuit of a limitless creative future.
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0To support two MA students studying a program within the School of Arts and Humanities and Humanities
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7To support the My Brother's Keeper Alliance

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