2022-06-15T10:01:38-05:00 2021-07-31 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2020-08-01 208513748 FASHION SCHOLARSHIP FUND FASH 2122780008 1501 BROADWAY NO 2001 NEW YORK NY 10036 PETER ARNOLD EXECUTIVE DIRECTOR 2122780008 2022-06-15 1 PETER ARNOLD XXX-XX-XXXX EVA MRUK P00543254 2122862600 2022-06-15 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARC MASTRONARDI 1501 BROADWAY NO 2001 NEW YORK NY 10036 3219201 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. 39 38 7 46 0 0 2125210 2236550 0 0 256731 264017 -239033 427 2142908 2500994 1349197 950000 0 0 831510 683497 0 0 367175 667379 595577 2848086 2229074 -705178 271920 6493062 7380835 225367 156903 6267695 7223932 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 1668552 950000 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. 1668552 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 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 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 39 38 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 NO 2001 NEW YORK NY 10036 PETER ARNOLD EXECUTIVE DIRECTOR, SECRETARY 40.00 X X 357700 0 31394 WILLIAM SUSMAN CHAIRMAN 2.00 X X 0 0 0 MARC MASTRONARDI PRESIDENT 2.00 X X 0 0 0 JENNIFER VECCHIO VICE PRESIDENT 2.00 X X 0 0 0 PETER SACHSE TREASURER 2.00 X X 0 0 0 MIKE ALIC DIRECTOR 2.00 X 0 0 0 PAUL ANNUNZIATA DIRECTOR 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 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 DEBRA MALBIN DIRECTOR 2.00 X 0 0 0 JEFF MANBY DIRECTOR 2.00 X 0 0 0 KAREN MURRAY DIRECTOR 2.00 X 0 0 0 KENNETH NOLAN DIRECTOR 2.00 X 0 0 0 PAUL ROSENGARD 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 KEVIN STEC DIRECTOR 2.00 X 0 0 0 CHIP THOMPSON DIRECTOR 2.00 X 0 0 0 JOHN TIGHE 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 125282 0 0 482982 0 31394 2 0 1 0 WILYFOXX COLLECTIVE INC 7014 13TH AVENUE SUITE 202 BROOKLYN NY 11228 PUBLIC RELATIONS SERVICES 109750 1 101100 2135450 2236550 106170 106170 876054 718207 157847 157847 157847 OTHER INCOME 900099 427 427 427 2500994 0 0 264444 950000 950000 399394 199697 79879 119818 232301 176707 5749 49845 17072 13425 127 3520 34730 20868 4591 9271 54970 10994 32982 10994 134859 59294 15877 59688 249974 174424 75550 30265 4222 14306 11737 25770 13348 12422 72694 24232 24231 24231 9528 7976 1552 11821 11821 277 277 4844 969 2906 969 PROF. DEVELOPMENT 450 450 ALUMNI PROGRAMS 125 125 2229074 1668552 193347 367175 178140 314864 608174 21704 58175 145800 14125 14125 1384 495 1166 889 5504963 6738653 103490 119971 24829 24829 6493062 7380835 113529 146165 111838 10738 225367 156903 X 6167695 7123932 100000 100000 6267695 7223932 6493062 7380835 271920 684317 0 X X 0 0 0 X 3181117 1332776 2817182 2125210 2236550 11692835 3181117 1332776 2817182 2125210 2236550 11692835 483076 11209759 142989 135889 146948 146194 106170 678190 15288 15288 1647 9683 981 427 12738 12399051 0.90410 0.88880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 1,647. 2018 AMOUNT: $ 9,683. 2019 AMOUNT: $ 981. 2020 AMOUNT: $ 427. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2284781 790487 3075268 2021947 262834 2284781 1845193 176754 2021947 1682030 163163 1845193 1506066 175964 1682030 0.96748 0.03252 0.00000 0 0 1384 495 889 889 DEFERRED RENT 10738 10738 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. 1 SCHOLARSHIPS AND TRAVEL REIMBURSEMENT 120 925000 ACCELERATOR GRANT 1 25000 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 280000 0 77700 0 0 0 0 0 31394 0 389094 0 0 0 PART I, LINE 7 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). 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.