2023-06-15T13:32:29-05:00 2022-07-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-08-01 208513748 FASHION SCHOLARSHIP FUND FASH 2122780008 1501 BROADWAY 2001 NEW YORK NY 10036 PETER ARNOLD EXECUTIVE DIRECTOR 2122780008 2023-06-15 1 PETER ARNOLD XXX-XX-XXXX EVA MRUK P00543254 2122862600 2023-06-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARC MASTRONARDI 1501 BROADWAY 2001 NEW YORK NY 10036 25580851 0 X WWW.FASHIONSCHOLARSHIPFUND.ORG X 2006 NY TO PROMOTE EDUCATION OF THE FASHION ARTS AND BUSINESS BY GRANTING SCHOLARSHIPS TO TALENTED STUDENTS AND FACILITATING INTERNSHIPS, MENTORSHIPS, AND CAREER PROGRAMS. 42 41 5 46 0 0 2236550 21140054 0 0 264017 173885 427 -307002 2500994 21006937 950000 1099019 0 0 683497 914306 0 0 428724 595577 836548 2229074 2849873 271920 18157064 7380835 25057087 156903 531183 7223932 24525904 TO ADVANCE THE FASHION INDUSTRY BY ENCOURAGING GIFTED AND ENTERPRISING YOUNG PEOPLE TO PURSUE CAREERS IN DESIGN, MERCHANDISING, RETAILING AND BUSINESS, ENSURING THE INDUSTRY WILL CONTINUE TO ATTRACT DEDICATED AND CAPABLE INDIVIDUALS. 0 0 2139232 1099019 0 AS THE PREMIER EDUCATIONAL FASHION NON-PROFIT IN THE UNITED STATES, THE FASHION SCHOLARSHIP FUND SEEKS TO IDENTIFY AND CREATE CAREER OPPORTUNITIES FOR YOUNG PEOPLE WORLDWIDE. THE ORGANIZATION GRANTS THE SINGLE LARGEST SUM OF MONEY AND TOTAL NUMBER OF SCHOLARSHIPS IN THE ENTIRE FASHION COMMUNITY, SUPPLEMENTING FINANCIAL SUPPORT WITH A RICH CURRICULUM OF COMPREHENSIVE, INDUSTRY-LEADING PROGRAMS FOR SCHOLARS, OFFERING HANDS-ON EXPERIENCE WITH THE WORLD'S TOP FASHION COMPANIES AND MOST INFLUENTIAL LEADERS. 2139232 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 42 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X X PETER ARNOLD 2122780008 1501 BROADWAY 2001 NEW YORK NY 10036 PETER ARNOLD EXECUTIVE DIRECTOR, SECRETARY 40.00 X X 372462 0 31047 WILLIAM SUSMAN CHAIRMAN THRU SEPT 2021 2.00 X X 0 0 0 MARC MASTRONARDI CHAIRMAN PRESIDENT THRU SEPT 2021 2.00 X X 0 0 0 JENNIFER VECCHIO PRESIDENT VICE PRESIDENT THRU SEPT 2021 2.00 X X 0 0 0 JOHN TIGHE VICE PRESIDENT DIRECTOR THRU SEPT 2021 2.00 X X 0 0 0 PAUL ROSENGARD TREASURER DIRECTOR THRU SEPT 2021 2.00 X X 0 0 0 PETER SACHSE DIRECTOR TREASURER THRU SEPT 2021 2.00 X X 0 0 0 VIRGIL ABLOH DIRECTOR THRU DEC 2021 2.00 X 0 0 0 MIKE ALIC DIRECTOR 2.00 X 0 0 0 MICHAEL ALLISON DIRECTOR 2.00 X 0 0 0 PAUL ANNUNZIATA DIRECTOR THRU SEPT 2021 2.00 X 0 0 0 SAM ARCHIBALD DIRECTOR 2.00 X 0 0 0 KEITH BAPTISTA DIRECTOR 2.00 X 0 0 0 GLEN ELLEN BROWN DIRECTOR 2.00 X 0 0 0 CAROLYN D'ANGELO DIRECTOR 2.00 X 0 0 0 JUNE DEFABIO DIRECTOR 2.00 X 0 0 0 ABBEY DONEGER DIRECTOR 2.00 X 0 0 0 NATA DVIR DIRECTOR 2.00 X 0 0 0 HOWARD FELLER DIRECTOR 2.00 X 0 0 0 MIKE FRALIX DIRECTOR 2.00 X 0 0 0 KIERA GANANN DIRECTOR 2.00 X 0 0 0 HEATH GOLDEN DIRECTOR 2.00 X 0 0 0 GEORGIE GREVILLE DIRECTOR 2.00 X 0 0 0 ALEX GRINBERG DIRECTOR 2.00 X 0 0 0 CELESTE GUDAS DIRECTOR 2.00 X 0 0 0 STACIE HENDERSON-CAPECE MINUTOLO DIRECTOR 2.00 X 0 0 0 DAVID KATZ DIRECTOR 2.00 X 0 0 0 MITCHELL KONSKER DIRECTOR 2.00 X 0 0 0 MATT LAUKAITIS DIRECTOR 2.00 X 0 0 0 JESSICA LOMAX DIRECTOR 2.00 X 0 0 0 DEBRA MALBIN DIRECTOR 2.00 X 0 0 0 JEFF MANBY DIRECTOR THRU SEPT 2021 2.00 X 0 0 0 KAREN MURRAY DIRECTOR 2.00 X 0 0 0 KENNETH NOLAN DIRECTOR 2.00 X 0 0 0 DAN ORWIG DIRECTOR 2.00 X 0 0 0 KRISTIN REHBERG DIRECTOR 2.00 X 0 0 0 HEATHER ROUSSEL DIRECTOR 2.00 X 0 0 0 MICHAEL SETOLA DIRECTOR 2.00 X 0 0 0 YEHUDA SHMIDMAN DIRECTOR 2.00 X 0 0 0 STANLEY SILVERSTEIN DIRECTOR 2.00 X 0 0 0 DAVID SIRKIN DIRECTOR 2.00 X 0 0 0 AMANDA SMITH DIRECTOR 2.00 X 0 0 0 CHIP THOMPSON DIRECTOR 2.00 X 0 0 0 LANA TODOROVICH DIRECTOR 2.00 X 0 0 0 ELECTA VARNISH DIRECTOR 2.00 X 0 0 0 KENNETH WYSE DIRECTOR 2.00 X 0 0 0 MARIE COLLETTA DIRECTOR OF ED PROGRAMS 40.00 X 130215 0 0 502677 0 31047 2 0 1 0 LIBERTY LOVES COMPANY 324 PARTRIDGE RUN MOUNTAINSIDE NJ 07092 PUBLIC RELATIONS SERVICES 159929 1 1585000 19555054 21140054 164931 164931 3852383 3843429 8954 8954 8954 423483 1585000 730485 -307002 -307002 21006937 0 0 -133117 X 1099019 1099019 481886 289132 96377 96377 336024 190635 42752 102637 50486 23342 10770 16374 45910 24760 7382 13768 56600 11320 33960 11320 295281 148827 9279 137175 216101 216101 36195 7883 22509 5803 29305 16350 9455 3500 159349 81773 38788 38788 22236 13721 6386 2129 10119 8419 1700 4265 853 2559 853 ALUMNI PROGRAMS 4842 4842 EDUCATOR FORUM 2255 2255 2849873 2139232 281917 428724 314864 377840 21704 15689684 145800 17500 14125 9000 0 0 889 0 6738653 8826182 119971 112052 24829 24829 7380835 25057087 146165 404087 0 116358 10738 10738 156903 531183 X 7123932 24425904 100000 100000 7223932 24525904 7380835 25057087 18157064 -774720 -80372 0 X X 0 1 X 1 0 X 1332776 2817182 2125210 2236550 2991166 11502884 1332776 2817182 2125210 2236550 2991166 11502884 232925 11269959 135889 146948 146194 106170 164931 700132 15288 15288 9683 981 427 11091 12229395 0.92150 0.90410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 9,683. 2019 AMOUNT: $ 981. 2020 AMOUNT: $ 427. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: ACADEMIC SCHOLARSHIPS DATE: 07/31/22 AMOUNT: 18148888. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3233115 -600835 2632280 2284781 948334 3233115 2021947 262834 2284781 1845193 176754 2021947 1682030 163163 1845193 0.96201 0.03799 0.00000 0 0 0 DEFERRED RENT 10738 10738 X 20232217 -774720 -774720 21006937 0 21006937 2849873 0 2849873 0 2849873 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF A DONOR DESIGNATED FUND AND A BOARD DESIGNATED FUND THAT WERE ESTABLISHED TO PROVIDE A CONTINUOUS INCOME STREAM TO SUPPORT THE ORGANIZATION'S OPERATIONS. PART X, LINE 2: FSF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT FSF HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FSF IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO JULY 31, 2019. GALA 2008483 1585000 423483 281592 85779 5000 358114 2008483 1585000 423483 281592 85779 5000 358114 730485 -307002 1 SCHOLARSHIPS AND TRAVEL REIMBURSEMENT 171 1049019 ACCELERATOR GRANT 1 50000 PART I, LINE 2: FULL-TIME STUDENTS ENROLLED AT ONE OF 60 MEMBER SCHOOLS WITH A GPA OF 3.0 OR HIGHER PURSUING CAREERS IN THE FASHION INDUSTRY ARE ELIGIBLE TO RECEIVE SCHOLARSHIPS. THE SCHOLARSHIP CHECKS ARE WRITTEN DIRECTLY TO THE SCHOOL ON BEHALF OF THE STUDENTS. A LETTER ACCOMPANIES THE CHECKS NOTIFYING THE BURSARS OFFICE OF HOW THE MONEY IS TO BE USED. ACADEMIC PERFORMANCE OF SCHOLARSHIP RECIPIENTS IS MONITORED FOR ELIGIBILITY. FORMER FSF SCHOLARSHIP RECIPIENTS MAY APPLY FOR THE ACCELERATOR GRANT. APPLICATIONS ARE FIRST EVALUATED BY REPRESENTATIVES FROM THE FSF BOARD OF DIRECTORS AND THEN BY A PANEL OF INDUSTRY LEADERS. THE GRANT IS AWARDED TO THE RECIPIENT EQUITY-FREE. X X X 0 0 0 0 0 0 0 1 0 PETER ARNOLD EXECUTIVE DIRECTOR, SECRETARY 222462 0 150000 0 0 0 0 0 31047 0 403509 0 0 0 PART I, LINE 7 EXECUTIVE DIRECTOR, PETER ARNOLD AND DIRECTOR OF EDUCATION PROGRAMS, MARIE COLLETTA RECEIVED A PERFORMANCE BASED BONUS WITHIN THE APPROVED BUDGET, AS REPORTED ON SCHEDULE J, PART II, COLUMN B(II) AND INCLUDED ON FORM 990, PART VII, COLUMN (D). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED ON DATA PROVIDED BY THE ORGANIZATION, AND IS REVIEWED BY THE ORGANIZATION'S TREASURER AND EXECUTIVE DIRECTOR. A COMPLETE COPY OF FORM 990 WAS ELECTRONICALLY PROVIDED TO THE FULL BOARD PRIOR TO THE FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES MEMBERS OF THE BOARD OF GOVERNORS, OFFICERS AND EMPLOYEES TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE GOVERNING BOARD. CONFLICTS ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD AND THE PERSON WITH THE CONFLICT IS NOT PERMITTED TO BE PRESENT OR PARTICIPATE IN THE DELIBERATIONS OR VOTING. ON AN ANNUAL BASIS, EACH GOVERNOR IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AFTER A THOROUGH REVIEW PROCESS AGAINST MEASURABLE GOALS. THE COMMITTEE UTILIZES COMPENSATION DATA FROM SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS TO DETERMINE COMPENSATION. THE MEETINGS OF THE EXECUTIVE COMMITTEE OF THE BOARD ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. FORM 990, PART IX, LINE 11G CASE STUDY WRITER: PROGRAM SERVICE EXPENSES 10,266. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,266. ADMINISTRATIVE SUPPORT: PROGRAM SERVICE EXPENSES 1,386. MANAGEMENT AND GENERAL EXPENSES 9,279. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,665. DEVELOPMENT CONSULTING: PROGRAM SERVICE EXPENSES 137,175. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 137,175. TOTAL EXPENSES 274,350. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.