YMA FASHION SCHOLARSHIP FUND: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: YMA FASHION SCHOLARSHIP FUND (EIN 20-8513748)
Tax period: 2020-08-01 to 2021-07-31
Filed: 2022-06-15
IRS object ID: 202221669349300822
Schema version: 2020v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-06-15T10:01:38-05:00	ReturnTs
Tax Period End	2021-07-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	271728945	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PKF O'CONNOR DAVIES LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	245 PARK AVENUE 12TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10167	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-08-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	208513748	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FASHION SCHOLARSHIP FUND	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FASH	BusinessNameControlTxt
Phone	2122780008	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1501 BROADWAY NO 2001	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PETER ARNOLD	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	2122780008	PhoneNum
Signature	2022-06-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	PETER	PersonFirstNm
Person Last	ARNOLD	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	EVA MRUK	PreparerPersonNm
PTIN	P00543254	PTIN
Phone	2122862600	PhoneNum
Preparation	2022-06-15	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARC MASTRONARDI	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1501 BROADWAY NO 2001	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,219,201	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FASHIONSCHOLARSHIPFUND.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2006	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	TO PROMOTE EDUCATION OF THE FASHION ARTS AND BUSINESS BY GRANTING SCHOLARSHIPS TO TALENTED STUDENTS AND FACILITATING INTERNSHIPS, MENTORSHIPS, AND CAREER PROGRAMS.	ActivityOrMissionDesc
Voting Members Governing Body	39	VotingMembersGoverningBodyCnt
Voting Members Independent	38	VotingMembersIndependentCnt
Total Employee	7	TotalEmployeeCnt
Total Volunteers	46	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,125,210	PYContributionsGrantsAmt
CY Contributions Grants	$2,236,550	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$256,731	PYInvestmentIncomeAmt
CY Investment Income	$264,017	CYInvestmentIncomeAmt
PY Other Revenue	-$239,033	PYOtherRevenueAmt
CY Other Revenue	$427	CYOtherRevenueAmt
PY Total Revenue	$2,142,908	PYTotalRevenueAmt
CY Total Revenue	$2,500,994	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,349,197	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$950,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$831,510	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$683,497	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$367,175	CYTotalFundraisingExpenseAmt
PY Other Expenses	$667,379	PYOtherExpensesAmt
CY Other Expenses	$595,577	CYOtherExpensesAmt
PY Total Expenses	$2,848,086	PYTotalExpensesAmt
CY Total Expenses	$2,229,074	CYTotalExpensesAmt
PY Revenues Less Expenses	-$705,178	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$271,920	CYRevenuesLessExpensesAmt
Total Assets BOY	$6,493,062	TotalAssetsBOYAmt
Total Assets EOY	$7,380,835	TotalAssetsEOYAmt
Total Liabilities BOY	$225,367	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$156,903	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$6,267,695	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$7,223,932	NetAssetsOrFundBalancesEOYAmt
Mission	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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,668,552	ExpenseAmt
Grant	$950,000	GrantAmt
Revenue	$0	RevenueAmt
Desc	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.	Desc
Total Program Service Expenses	$1,668,552	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	7	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	39	GoverningBodyVotingMembersCnt
Independent Voting Member	38	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PETER ARNOLD	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2122780008	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1501 BROADWAY NO 2001	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
PETER ARNOLD
EXECUTIVE DIRECTOR, SECRETARY	40.00	Yes (X)	Yes (X)	$357,700	$0	$31,394
WILLIAM SUSMAN
CHAIRMAN	2.00	Yes (X)	Yes (X)	$0	$0	$0
MARC MASTRONARDI
PRESIDENT	2.00	Yes (X)	Yes (X)	$0	$0	$0
JENNIFER VECCHIO
VICE PRESIDENT	2.00	Yes (X)	Yes (X)	$0	$0	$0
PETER SACHSE
TREASURER	2.00	Yes (X)	Yes (X)	$0	$0	$0
MIKE ALIC
DIRECTOR	2.00	Yes (X)		$0	$0	$0
PAUL ANNUNZIATA
DIRECTOR	2.00	Yes (X)		$0	$0	$0
SAM ARCHIBALD
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KEITH BAPTISTA
DIRECTOR	2.00	Yes (X)		$0	$0	$0
GLEN ELLEN BROWN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CAROLYN D'ANGELO
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JUNE DEFABIO
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ABBEY DONEGER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
NATA DVIR
DIRECTOR	2.00	Yes (X)		$0	$0	$0
HOWARD FELLER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MIKE FRALIX
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KIERA GANANN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
HEATH GOLDEN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
GEORGIE GREVILLE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ALEX GRINBERG
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CELESTE GUDAS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
DAVID KATZ
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MITCHELL KONSKER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MATT LAUKAITIS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
DEBRA MALBIN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JEFF MANBY
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KAREN MURRAY
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KENNETH NOLAN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
PAUL ROSENGARD
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MICHAEL SETOLA
DIRECTOR	2.00	Yes (X)		$0	$0	$0
YEHUDA SHMIDMAN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
STANLEY SILVERSTEIN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
DAVID SIRKIN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KEVIN STEC
DIRECTOR	2.00	Yes (X)		$0	$0	$0
CHIP THOMPSON
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JOHN TIGHE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
LANA TODOROVICH
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ELECTA VARNISH
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KENNETH WYSE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARIE COLLETTA
DIRECTOR OF ED PROGRAMS	40.00			$125,282	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$482,982	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$31,394	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WILYFOXX COLLECTIVE INC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7014 13TH AVENUE SUITE 202	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11228	ZIPCd

Field	Value	IRS element (for citing)
Services	PUBLIC RELATIONS SERVICES	ServicesDesc
Compensation	$109,750	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$101,100	GovernmentGrantsAmt
All Other Contributions	$2,135,450	AllOtherContributionsAmt
Total Contributions	$2,236,550	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$106,170	TotalRevenueColumnAmt
Exclusion	$106,170	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$876,054	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$718,207	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$157,847	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$157,847	TotalRevenueColumnAmt
Exclusion	$157,847	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$427	TotalRevenueColumnAmt
Exclusion	$427	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$427	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,500,994	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$264,444	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$950,000	TotalAmt
Program Services	$950,000	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$399,394	TotalAmt
Program Services	$199,697	ProgramServicesAmt
Management And General	$79,879	ManagementAndGeneralAmt
Fundraising	$119,818	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$232,301	TotalAmt
Program Services	$176,707	ProgramServicesAmt
Management And General	$5,749	ManagementAndGeneralAmt
Fundraising	$49,845	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$17,072	TotalAmt
Program Services	$13,425	ProgramServicesAmt
Management And General	$127	ManagementAndGeneralAmt
Fundraising	$3,520	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$34,730	TotalAmt
Program Services	$20,868	ProgramServicesAmt
Management And General	$4,591	ManagementAndGeneralAmt
Fundraising	$9,271	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$54,970	TotalAmt
Program Services	$10,994	ProgramServicesAmt
Management And General	$32,982	ManagementAndGeneralAmt
Fundraising	$10,994	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$134,859	TotalAmt
Program Services	$59,294	ProgramServicesAmt
Management And General	$15,877	ManagementAndGeneralAmt
Fundraising	$59,688	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$249,974	TotalAmt
Program Services	$174,424	ProgramServicesAmt
Fundraising	$75,550	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$30,265	TotalAmt
Program Services	$4,222	ProgramServicesAmt
Management And General	$14,306	ManagementAndGeneralAmt
Fundraising	$11,737	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$25,770	TotalAmt
Program Services	$13,348	ProgramServicesAmt
Management And General	$12,422	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$72,694	TotalAmt
Program Services	$24,232	ProgramServicesAmt
Management And General	$24,231	ManagementAndGeneralAmt
Fundraising	$24,231	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$9,528	TotalAmt
Program Services	$7,976	ProgramServicesAmt
Fundraising	$1,552	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$11,821	TotalAmt
Program Services	$11,821	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$277	TotalAmt
Management And General	$277	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$4,844	TotalAmt
Program Services	$969	ProgramServicesAmt
Management And General	$2,906	ManagementAndGeneralAmt
Fundraising	$969	FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
PROF. DEVELOPMENT	$450	$450
ALUMNI PROGRAMS	$125	$125

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,229,074	TotalAmt
Program Services	$1,668,552	ProgramServicesAmt
Management And General	$193,347	ManagementAndGeneralAmt
Fundraising	$367,175	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$178,140	BOYAmt
EOY	$314,864	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$608,174	BOYAmt
EOY	$21,704	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$58,175	BOYAmt
EOY	$145,800	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$14,125	BOYAmt
EOY	$14,125	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,384	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$495	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,166	BOYAmt
EOY	$889	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$5,504,963	BOYAmt
EOY	$6,738,653	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$103,490	BOYAmt
EOY	$119,971	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$24,829	BOYAmt
EOY	$24,829	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,493,062	BOYAmt
EOY	$7,380,835	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$113,529	BOYAmt
EOY	$146,165	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$111,838	BOYAmt
EOY	$10,738	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$225,367	BOYAmt
EOY	$156,903	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,167,695	BOYAmt
EOY	$7,123,932	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$100,000	BOYAmt
EOY	$100,000	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,267,695	BOYAmt
EOY	$7,223,932	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,493,062	BOYAmt
EOY	$7,380,835	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$271,920	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$684,317	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,181,117	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,332,776	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,817,182	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,125,210	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,236,550	CurrentTaxYearAmt
Total	$11,692,835	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,181,117	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,332,776	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,817,182	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,125,210	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,236,550	CurrentTaxYearAmt
Total	$11,692,835	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$483,076	SubstantialContributorsTotAmt
Public Support Total170	$11,209,759	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$142,989	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$135,889	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$146,948	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$146,194	CurrentTaxYearMinus1YearAmt
Current Tax Year	$106,170	CurrentTaxYearAmt
Total	$678,190	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$15,288	CurrentTaxYearMinus3YearsAmt
Total	$15,288	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,647	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years	$9,683	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$981	CurrentTaxYearMinus1YearAmt
Current Tax Year	$427	CurrentTaxYearAmt
Total	$12,738	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$12,399,051	TotalSupportAmt
Public Support CY170	0.90410	PublicSupportCY170Pct
Public Support PY170	0.88880	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER INCOME - 2016 AMOUNT: $ 1,647. 2018 AMOUNT: $ 9,683. 2019 AMOUNT: $ 981. 2020 AMOUNT: $ 427.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,284,781	BeginningYearBalanceAmt
Investment Earnings Or Losses	$790,487	InvestmentEarningsOrLossesAmt
End Year Balance	$3,075,268	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,021,947	BeginningYearBalanceAmt
Investment Earnings Or Losses	$262,834	InvestmentEarningsOrLossesAmt
End Year Balance	$2,284,781	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,845,193	BeginningYearBalanceAmt
Investment Earnings Or Losses	$176,754	InvestmentEarningsOrLossesAmt
End Year Balance	$2,021,947	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,682,030	BeginningYearBalanceAmt
Investment Earnings Or Losses	$163,163	InvestmentEarningsOrLossesAmt
End Year Balance	$1,845,193	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,506,066	BeginningYearBalanceAmt
Investment Earnings Or Losses	$175,964	InvestmentEarningsOrLossesAmt
End Year Balance	$1,682,030	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.96748	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.03252	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.00000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,384	OtherCostOrOtherBasisAmt
Depreciation	$495	DepreciationAmt
Book Value	$889	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$889	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DEFERRED RENT	Desc
Amt	$10,738	Amt

Field	Value	IRS element (for citing)
Total Liability	$10,738	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART V, LINE 4:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
SCHOLARSHIPS AND TRAVEL REIMBURSEMENT	120	$925,000
ACCELERATOR GRANT	1	$25,000

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	PETER ARNOLD	PersonNm
Title	EXECUTIVE DIRECTOR, SECRETARY	TitleTxt
Base Compensation Filing Org	$280,000	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$77,700	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$31,394	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$389,094	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 7	FormAndLineReferenceDesc
Explanation	EXECUTIVE DIRECTOR, PETER ARNOLD RECEIVED A PERFORMANCE BASED BONUS IN THE AMOUNT OF $77,700 WITHIN THE APPROVED BUDGET, AS REPORTED ON SCHEDULE J, PART II, COLUMN B(II) AND INCLUDED ON FORM 990, PART VII, COLUMN (D). DIRECTOR OF EDUCATION PROGRAMS, MARIE COLLETTA RECEIVED A PERFORMANCE BASED BONUS IN THE AMOUNT OF $3,812 WITHIN THE APPROVED BUDGET, INCLUDED ON FORM 990, PART VII, COLUMN (D).	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 FISCAL YEAR 2021.
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 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.