2025-04-28T10:09:35-05:00 2024-06-30 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2023-07-01 222579809 TWO TEN FOOTWEAR FOUNDATION INC TWOT 7817361524 1466 MAIN STREET WALTHAM MA 02451 SHAWN OSBORNE PRESIDENT 7817361524 2025-04-28 0 KENNETH LUND P01430775 6172629898 2025-04-03 2023 2025-03-06 01:10:19Z JIM SULLIVAN 1466 MAIN STREET WALTHAM MA 02451 6115932 0 X WWW.TWOTEN.ORG X 1939 MA CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT CONTINUATION 36 35 13 0 100672 100672 3471068 2516476 0 0 1188069 936928 0 347182 4659137 3800586 2265632 1935122 0 0 2019008 2078886 0 0 776529 1423609 1119762 5708249 5133770 -1049112 -1333184 38309975 39593032 734689 466163 37575286 39126869 X CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATION, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMERLY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS. 0 0 2869743 1935122 TWO TEN CHANGES THE LIVES OF FOOTWEAR EMPLOYEES AND THEIR FAMILIES DURING TIMES OF IMMEDIATE CRISIS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO COVER HOUSING COSTS, UTILITY BILLS, CAR REPAIRS, AND OTHER IMMEDIATE NEEDS; NATURAL DISASTER RELIEF; REFERRALS TO SPECIAL SERVICES SUCH AS CRISIS INTERVENTION, CREDIT, AND DEBT COUNSELING, AND OTHER SIMILAR LIFE SKILLS SERVICES; AND ESSENTIAL COMMUNITY RESOURCES. FUNDS ARE PAID DIRECTLY TO FOOTWEAR EMPLOYEES VIA E-CHECK. PAYMENTS RANGE FROM $1,000 - $3,000 BASED ON NEED. THE POPULATIONS OF FOOTWEAR FAMILIES WE ASSIST WORK IN RETAIL SALES, CUSTOMER SERVICE REPRESENTATIVES, FACTORIES, WAREHOUSES, AND DISTRIBUTION CENTERS. MOST PEOPLE WE ASSIST WORK IN LOWER-WAGE POSITIONS AND ARE VULNERABLE TO LOSS OF INCOME AT DIFFERENT TIMES OF [SEE SCHEDULE O FOR CONTINUATION] 149318 COMMUNITY BUILDING (FORMERLY MEMBER AND EDUCATION):TWO TEN FOOTWEAR FOUNDATION IS DEDICATED TO BUILDING A STRONGER FOOTWEAR COMMUNITY BY OFFERING NATIONAL EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES TO ENGAGE WITH AND LEARN FROM FELLOW MEMBERS AND LEADERS OF THE FOOTWEAR INDUSTRY WHILE SUPPORTING TWO TEN. COMMUNITY ENGAGEMENT INITIATIVES EACH OFFER DIFFERENT ACTIVITIES AND OUTCOMES BASED ON THE INDIVIDUAL NEEDS OF ITS TARGETED CONSTITUENTS INCLUDE WOMEN IN FOOTWEAR INDUSTRY (WIFI) AND HUMAN RESOURCES LEADERSHIP. WIFI FOCUSES ON INSPIRING, MENTORING, AND CONNECTING WOMEN AT ALL LEVELS OF THEIR CAREERS AND CREATING ADVOCATES FOR TWO TEN. WIFI ACCOMPLISHES ITS GOALS BY HOLDING VIRTUAL NETWORKING AND PROFESSIONAL [SEE SCHEDULE O FOR CONTINUATION] 560974 INDUSTRY EDUCATION (FORMERLY LEADERSHIP DEVELOPMENT):THE TWO TEN FOOTWEAR FOUNDATION IS COMMITTED TO PROVIDING THE HELP AND RESOURCES NEEDED TO IMPROVE THE LIVES AND CAREERS OF FOOTWEAR PROFESSIONALS. IN FY24, INDUSTRY EDUCATION - OR OUTREACH - WASINCORPORATED INTO EVERY POSSIBLE ACTIVITY TO MAXIMIZE THE OUTCOMES; EVERY OPPORTUNITY WAS UTILIZED TO INCREASE AWARENESS OF THE FOUNDATION'S OFFERINGS WITHIN ITS SERVICE INDUSTRY. TWO TEN HOSTED THEHIGHLY VISIBLE ANNUAL GALA FUNDRAISING EVENT IN JUNE OF 2024. DURING FY24, TWO TEN INCORPORATED OUTREACH INTO DOZENS OF VIRTUAL CORPORATE VISITS AND MADE PRESENTATIONS TO AMERICAN FOOTWEAR WORKERS. ADDITIONALLY, TWO TEN WORKED WITH ITS STRATEGIC PARTNERS TO PRESENT THE FOUNDATION TO TARGETED AUDIENCES THROUGH PRINT, DIGITAL AND VIRTUAL [SEE SCHEDULE O FOR CONTINUATION] 3580035 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 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 16 0 1 13 0 1 1 0 0 0 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JIM SULLIVAN 7817361500 1466 MAIN STREET WALTHAM MA 02452 DIANE SULLIVAN DIRECTOR 1.00 X 0 0 0 MICHAEL ATMORE DIRECTOR 1.00 X 0 0 0 CAROL BAIOCCHI DIRECTOR 1.00 X 0 0 0 JEFF ESPERSEN DIRECTOR 1.00 X 0 0 0 TSERING NAMGYAL DIRECTOR 1.00 X 0 0 0 DEBBIE FERREE DIRECTOR 1.00 X X 0 0 0 GLENN BARRETT DIRECTOR 1.00 X 0 0 0 SUSAN ITZKOWITZ DIRECTOR 1.00 X 0 0 0 GREG TUNNEY DIRECTOR 1.00 X 0 0 0 TACEY POWERS DIRECTOR 1.00 X 0 0 0 TRACEY MCLEOD DIRECTOR 1.00 X 0 0 0 JONATHAN FRANKEL VICE CHAIR 1.00 X X 0 0 0 JIM SALZANO DIRECTOR 1.00 X 0 0 0 DANNY MUSKAT DIRECTOR 1.00 X 0 0 0 DAVID KAHAN DIRECTOR 1.00 X 0 0 0 GREGG RIBATT DIRECTOR 1.00 X 0 0 0 LAWRENCE STIFF SECRETARY 1.00 X X 0 0 0 BEVERLY GOLDBERG DIRECTOR 1.00 X 0 0 0 BLAKE KRUEGER DIRECTOR 1.00 X 0 0 0 JIM ISSLER DIRECTOR 1.00 X 0 0 0 GIOVANNA CIPRIANO DIRECTOR 1.00 X 0 0 0 CHRISTINA GIGANTE DIRECTOR 1.00 X 0 0 0 KATHY FORSTADT DIRECTOR 1.00 X 0 0 0 JOEL OBLONSKY DIRECTOR 1.00 X 0 0 0 BETH CROSS TREASURER 1.00 X X 0 0 0 JENNET CHOW DIRECTOR 1.00 X 0 0 0 PHILIPPA NEWMAN DIRECTOR 1.00 X 0 0 0 ED ROSENFELD DIRECTOR 1.00 X 0 0 0 JOE PRESTON CHAIR 1.00 X 0 0 0 MARTIN BERMAN DIRECTOR 1.00 X 0 0 0 SETH CAMPBELL DIRECTOR 1.00 X 0 0 0 TRACY PAOLETTI DIRECTOR 1.00 X 0 0 0 RONNIE JEFFERSON DIRECTOR 1.00 X 0 0 0 CLIFF SIFFORD DIRECTOR 1.00 X 0 0 0 ROBERT MCHUGH DIRECTOR 1.00 X 0 0 0 SHAWN OSBORNE PRESIDENT AND CEO 37.50 X 526966 0 21060 CLYDE SYLVIA CFO/COO 37.50 X 174184 0 14599 BARBARA CLEMENT VP OF MARKETING & COMMUNICATIONS 37.50 X 183459 0 15724 LESLIE RENNER VP OF DEVELOPMENT 37.50 X 178276 0 13624 1062885 0 65007 5 0 1 0 GLASSHOUSE 660 12TH AVENUE 5TH FLOOR NEW YORK NY 10019 EVENT VENUE 161456 KELLI-BETH VECCHIONE (CONSULTANT) 385 FRANKLIN STREET MANSFIELD MA 02048 CONSULTING 138265 LEGACY SQUARED 107 AUDUBON ROAD 2-301 WAKEFIELD MA 01880 OCCUPANCY 112702 3 2516476 2516476 304114 100672 203442 2408132 1775318 632814 632814 632814 887210 540028 347182 347182 3800586 0 100672 1183438 1935122 1935122 1062885 741203 160911 160771 722487 215286 266764 240437 57021 29818 14428 12775 107432 87069 20363 129061 72093 27611 29357 3857 3857 42000 42000 27500 27500 12535 7936 1412 3187 176515 109715 18559 48241 86105 20291 42194 23620 5576 5576 38084 24374 4189 9521 21982 14069 2418 5495 CONSULTING EXPENSE 399579 195528 28533 175518 ADMIN 102003 102003 BAD DEBT EXPENSE 75857 48548 8344 18965 TELEPHONE 32425 22346 3198 6881 95744 29137 45209 21398 5133770 3580035 777206 776529 326064 245713 3949413 2935488 161789 158285 417692 344466 96656 73226 27659851 29229861 5797179 6727757 319023 222702 38309975 39593032 389421 216893 345268 249270 734689 466163 X 2534090 3078458 35041196 36048411 37575286 39126869 38309975 39593032 -1333184 2884767 0 X X 0 1 X 1 0 X 4748678 3810008 3292868 3471068 2516476 17839098 4748678 3810008 3292868 3471068 2516476 17839098 17839098 402196 318105 10046 293581 836256 1860184 100672 100672 8869 8869 19808823 0.90060 0.88970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35871381 112536 1483901 589222 36878596 36799401 244592 -571390 601222 35871381 44348477 566468 -7539138 576406 36799401 38175703 990858 5898133 726450 44348477 40256985 1055042 -1645999 1480092 38175703 0.02000 0.80000 0.18000 0 0 417692 344466 73226 73226 ALTERNATIVE HEDGE FUNDS 6727757 F 6727757 ANNUITIES PAYABLE 20000 LEASE LIABILITY 229270 249270 X 6685353 2884767 2884767 3800586 0 3800586 5133770 0 5133770 0 5133770 PART X, LINE 2: GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTIES THEREON, WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. THE FOUNDATION HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS 2024 RETURNS AND BELIEVES THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR COMMONWEALTH TAX AUTHORITIES. THE FOUNDATION'S 2021 THROUGH 2023 TAX YEARS REMAIN SUBJECT TO TAX EXAMINATION BY FEDERAL AND COMMONWEALTH TAX AUTHORITIES. CENTRAL AMERICA AND THE CARIBEAN INVESTMENT IN FOREIGN CORPORATION 1490918 0 0 0 0 0 0 1490918 0 1490918 0 0 1 0 0 0 GALA 887210 887210 540028 887210 887210 540028 540028 347182 1 RELIEF PAYMENTS 1124 1261387 BOOK SCHOLARSHIPS 149 589855 BOOK UPSKILLING 77 83880 BOOK PART I, LINE 2: RELIEF GRANTS, HARDSHIP AND DISASTER - INDIVIDUALS EMPLOYED PART OR FULL TIME FOR AT LEAST 24 MONTHS IN THE FOOTWEAR INDUSTRY ARE ELIGIBLE TO APPLY FOR A GRANT TO OVERCOME FINANCIAL HARDSHIP OR RECOVERY FROM A NATURAL OR GOVERNMENT DECLAIRED DISASTER. APPLICANTS ARE REQUIRED TO SUBMIT VERIFICATION OF CURRENT EMPLOYMENT IN THE FOOTWEAR INDUSTRY INCLUDING AT LEAST 24 MONTHS SINCE THEIR DATE OF HIRE, FINANCIAL HARDSHIP, AND A GOVERNMENT ISSUED PHOTO ID. INDIVIDUALS ARE ELIGIBLE TO APPLY EVERY 24 MONTHS FOR A HARDSHIP GRANT AND EVERY 12 MONTHS FOR A DISASTER GRANT. HARDSHIP GRANT AMOUNTS ARE BASED ON THE FINANCIAL HARDSHIP ON THE INDIVIDUAL AND DISASTER GRANTS ARE AWARDED BASED ON THE NUMBER OF PEOPLE IN THE HOUSEHOLD. MONIES ARE PAID DIRECTLY TO THE GRANTEE. SCHOLARSHIPS - APPLICATIONS ARE OUTSOURCED TO A CONSULTANT WHO DETERMINES WHICH STUDENTS QUALIFY FOR ASSISTANCE BASED ON THE ORGANIZATIONS ELIGIBLITY REQUIREMENTS. THEY MUST HAVE A DIRECT FAMILY MEMBER WHO HAS WORKED IN THE FOOTWEAR INDUSTRY OR THEY MUST HAVE WORKED THE PROPER AMOUNT OF TIME IN THE FOOTWEAR INDUSTRY. FEDERAL LAW STIPULATES THAT THE AMOUNT OF A STUDENT'S FINANCIAL ASSISTANCE MAY NOT EXCEED THEIR DEMONSTRATED FINANCIAL NEED. TO DETERMINE FINANCIAL NEED, WE DEDUCT THE STUDENTS ESTIMATED PARENTAL CONTRIBUTION FROM THE FAFSA STUDENT AID REPORT (WWW.FAFSA.GOV) AND THEIR SCHOLARSHIPS AND GRANTS FROM THE COST OF ATTENDANCE. MONIES ARE PAID DIRECTLY TO THE SCHOOL THE STUDENT IS ATTENDING EVERY SEMESTER. WOMEN IN THE FOOTWEAR INDUSTRY (WIFI), UPSKILLING AND PROFESSIONAL DEVELOPMENT GRANTS - INDIVIDUALS WHO ARE EMPLOYED PART OR FULL TIME IN THE FOOTWEAR INDUSTRY AND IDENTIFY AS WOMEN ARE ELIGIBLE TO APPLY FOR A GRANT FOR A CAREER-FOCUSED TRAINING. APPLICANTS ARE REQUIRED TO SUBMIT VERIFICATION OF CURRENT EMPLOYMENT IN THE FOOTWEAR INDUSTRY, A GOVERNMENT ISSUED PHOTO ID, AND INFORMATION REGARDING HOW THE GRANT WILL SUPPORT THEIR PROFESSIONAL GROWTH IN THE FOOTWEAR INDUSTRY. APPLICANTS MUST SHOW FINANCIAL NEED TO RECEIVE A STIPEND THAT SUPPORTS CHILD OR ELDER CARE FOR THE TIME THEY ARE COMPLETING THE CAREER-FOCUSED TRAINING. GRANTEES DO NOT HAVE A LIMIT IN THE AMOUNT OF TIMES THEY CAN RECEIVE THIS GRANT OR A LIFETIME MAXIMUM. CAREER-FOCUSED TRAINING GRANTS ARE PAID DIRECTLY TO THE INSTITUTION PROVIDING THE TRAINING ON BEHALF OF THE EMPLOYEE. STIPENDS SUPPORTING CHILD OR ELDER CARE ARE PAID DIRECTLY TO THE GRANTEE. 0 0 0 0 0 0 0 0 0 SHAWN OSBORNE PRESIDENT AND CEO 526966 0 0 0 0 0 0 0 21060 0 548026 0 0 0 BARBARA CLEMENT VP OF MARKETING & COMMUNICATIONS 183459 0 0 0 0 0 0 0 15724 0 199183 0 0 0 LESLIE RENNER VP OF DEVELOPMENT 178276 0 0 0 0 0 0 0 13624 0 191900 0 0 0 CLYDE SYLVIA CFO/COO 174184 0 0 0 0 0 0 0 14599 0 188783 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE AUDIT COMMITTEE DURING THE PRESENTATION OF THE AUDITED FINANCIAL STATEMENTS. AFTER REVIEWING THE 990 AND ALL QUESTIONS HAVE BEEN ANSWERED THE RETURN IS ACCEPTED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF, DIRECTORS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. THE TRANSACTIONS AND ACTIVITIES OF THE ORGANIZATION ARE MONITORED ON AN ONGOING BASIS BY MANAGEMEMNT, THE BOARD OF DIRECTORS AND BOARD APPOINTED COMMITTEES. ANY CONFLICTS THAT ARISE ARE DEALT WITH ACCORDING TO THE ORGANIZATION'S DETAILED CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS SET BY THE ORGANIZATION'S COMPENSATION COMMITTEE BASED UPON COMPARABLE COMPENSATION DATA FOR THE SAME POSITON FOR ORGANIZATIONS OF SIMILAR SIZE WITHIN OUR INDUSTRY. THE DECISION OF THE COMPENSATION COMMITTEE IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO BEING FINALIZED. THE COMPENSATION OF ALL OTHER STAFF IS DETERMINED VIA A FORMAL SALARY ADMINSTRATION PROCESS. A JOB DESCRIPTION IS ESTABLISHED FOR EACH POSITION INCLUDING KNOWLEDGE, SKILLS, AND EXPERIENCES REQUIRED TO PERFORM THE JOB. EACH POSITION IS PRICED ACCORDING TO MARKET DATA FOR LIKE POSITIONS AT SIMILAR SIZED ENTITIES. ANNUAL INCREASES ARE BASED ON MERIT MEASURED BY APPROPRIATE INDICATORS OF JOB PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON DIRECT REQUEST OF THE ORGANIZATION. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR