2019-06-13T16:19:28-05:00 2018-07-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-08-01 208513748 YMA FASHION SCHOLARSHIP FUND YMAF 2122780008 1501 BROADWAY NO 2001 NEW YORK NY 10036 PETER ARNOLD EXECUTIVE DIRECTOR 2122780008 2019-06-13 1 GARRETT M HIGGINS P00543209 2122862600 2019-06-13 4.15.211.182 2019-06-13 16:03:45 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5A56A42B4F3486C4BFE4C95BB1662080B46821A3 2017 2019-02-21 02:37:17Z PETER ARNOLD 1501 BROADWAY NO 2001 NEW YORK NY 10036 9484967 0 X WWW.YMAFSF.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 42 8 46 0 0 3181117 1332776 0 0 175400 317134 -187299 15288 3169218 1665198 1325000 1437500 0 0 710220 648014 0 0 196361 536126 354944 2571346 2440458 597872 -775260 7465807 6440613 187463 11190 7278344 6429423 THE MISSION OF THE FASHION SCHOLARSHIP FUND IS 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 1937254 1437500 AS THE PREMIER EDUCATIONAL FASHION NON-PROFIT IN THE UNITED STATES, THE YMA FASHION SCHOLARSHIP FUND (FSF) 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. 1937254 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 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 2 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 42 42 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 NY X X MELISSA FERNANDEZ 6465308528 1501 BROADWAY SUITE 2001 NEW YORK NY 10036 PETER SACHSE CHAIRMAN 2.00 X X 0 0 0 DEBRA MALBIN CO-CHAIRMAN 2.00 X X 0 0 0 PAUL ROSENGARD CO-CHAIRMAN 2.00 X X 0 0 0 WILLIAM SUSMAN PRESIDENT 2.00 X X 0 0 0 MARC MASTRONARDI VICE PRESIDENT 2.00 X X 0 0 0 DOUGLAS C EVANS SECRETARY EXECUTIVE DIRECTOR UNTIL 7/18/18 42.00 X X 388491 0 0 MICHAEL SETOLA TREASURER 2.00 X X 0 0 0 MIKE ALIC BOARD MEMBER 2.00 X 0 0 0 PAUL ANNUNZIATA BOARD MEMBER 2.00 X 0 0 0 SAM ARCHIBALD BOARD MEMBER 2.00 X 0 0 0 SHAWN AUSTIN BOARD MEMBER 2.00 X 0 0 0 MARY BETH BLAKE BOARD MEMBER 2.00 X 0 0 0 GLEN ELLEN BROWN BOARD MEMBER 2.00 X 0 0 0 CELESTE GUDAS BOARD MEMBER 2.00 X 0 0 0 JUNE DEFABIO BOARD MEMBER 2.00 X 0 0 0 ABBEY DONEGER BOARD MEMBER 2.00 X 0 0 0 HOWARD FELLER BOARD MEMBER 2.00 X 0 0 0 MIKE FRALIX BOARD MEMBER 2.00 X 0 0 0 HEATH GOLDEN BOARD MEMBER 2.00 X 0 0 0 ALEX GRINBERG BOARD MEMBER 2.00 X 0 0 0 DAVID KATZ BOARD MEMBER 2.00 X 0 0 0 COLLEEN KELLY BOARD MEMBER 2.00 X 0 0 0 MITCHELL KONSKER BOARD MEMBER 2.00 X 0 0 0 AARON LEDET BOARD MEMBER 2.00 X 0 0 0 JOHN LOHNAS BOARD MEMBER 2.00 X 0 0 0 JEFF MANBY BOARD MEMBER 2.00 X 0 0 0 LEE MCCABE BOARD MEMBER 2.00 X 0 0 0 NANCY MCKAY BOARD MEMBER 2.00 X 0 0 0 KAREN MURRAY BOARD MEMBER 2.00 X 0 0 0 KENNETH NOLAN BOARD MEMBER 2.00 X 0 0 0 JAMES ROSENFELD BOARD MEMBER 2.00 X 0 0 0 SHERI ROSENFELD BOARD MEMBER 2.00 X 0 0 0 MARY ANN SHANNON BOARD MEMBER UNTIL 7/18/18 2.00 X 0 0 0 YEHUDA SHMIDMAN BOARD MEMBER 2.00 X 0 0 0 STANLEY SILVERSTEIN BOARD MEMBER 2.00 X 0 0 0 DAVID SIRKIN BOARD MEMBER 2.00 X 0 0 0 MAUREEN STORCH BOARD MEMBER 2.00 X 0 0 0 CHIP THOMPSON BOARD MEMBER 2.00 X 0 0 0 JOHN TIGHE BOARD MEMBER 2.00 X 0 0 0 LANA TODOROVICH BOARD MEMBER 2.00 X 0 0 0 ELECTA VARNISH BOARD MEMBER 2.00 X 0 0 0 JENNIFER VECCHIO BOARD MEMBER 2.00 X 0 0 0 RON VENTRICELLI BOARD MEMBER 2.00 X 0 0 0 KENNETH WYSE BOARD MEMBER 2.00 X 0 0 0 MARIE COLLETTA DIRECTOR OF ED PROGRAMS 40.00 X 108019 0 0 496510 0 0 2 0 1 0 0 1321624 11152 1332776 135889 135889 7482108 7300863 181245 181245 181245 534194 1321624 518906 15288 15288 1665198 0 0 332422 1437500 1437500 216635 108317 54159 54159 340963 170481 85241 85241 44080 22040 11020 11020 46336 23168 11584 11584 10752 10752 32309 12309 20000 49520 49520 10185 10185 14363 9145 5218 71574 71574 135587 88163 19011 28413 4605 4605 ALUMNI ASSOC./EVENTS 9567 9567 OTHER EXPENSES 7044 7044 FUNDRAISING MATERIALS 5944 5944 DUES AND SUBSCRIPTIONS 3494 3494 2440458 1937254 306843 196361 811647 190581 7830 173390 94551 6361139 6020558 98940 102264 20691 24829 7465807 6440613 176725 452 10738 10738 187463 11190 X 6454444 5958155 723900 371268 100000 100000 7278344 6429423 7465807 6440613 -775260 -73661 0 X 0 0 0 X 2300366 2746159 3411794 3181117 1332776 12972212 2300366 2746159 3411794 3181117 1332776 12972212 1530011 11442201 51054 49286 127751 142989 135889 506969 15288 15288 3307 19 1647 4973 13499442 0.84760 0.82390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 3,307. 2015 AMOUNT: $ 19. 2016 AMOUNT: $ 1,647. 1682030 163163 1845193 1506066 175964 1682030 1320153 185913 1506066 1247572 72581 1320153 1135957 111615 1247572 0.94580 0.05420 0 0 0 DEFERRED RENT 10738 10738 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF A DONOR DESIGNATED FUND AND A BOARD DESIGNATED FUND THAT WAS ESTABLISHED TO PROVIDE A CONTINUOUS INCOME STREAM TO SUPPORT ITS OPERATIONS. ANNUAL GALA 1793682 1271728 521954 369625 126671 PALM BEACH LUNCHEON 58191 45951 12240 21446 1 3945 3945 1164 1855818 1321624 534194 369625 149281 518906 15288 1 SCHOLARSHIPS 240 1437500 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 SHOLARSHIP RECIPIENTS IS MONITORED FOR ELIGIBILITY. X X X 0 0 0 1 0 0 0 1 0 DOUGLAS C EVANS SECRETARY EXECUTIVE DIRECTOR UNTIL 7/18/18 214191 0 174300 0 0 0 0 0 0 0 388491 0 0 0 PART I, LINE 5 EXECUTIVE DIRECTOR, DOUGLAS C. EVANS, RECEIVED A PAYMENT IN THE AMOUNT OF $158,300, WHICH WAS CONTINGENT ON REVENUES. PART I, LINE 7 EXECUTIVE DIRECTOR, DOUGLAS C. EVANS, RECEIVED A PERFORMANCE BONUS IN THE AMOUNT OF $16,000. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS JAMES ROSENFELD AND SHERI ROSENFELD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BY-LAWS DURING THE TAX YEAR. SIGNIFICANT CHANGES WERE MADE IN THE ROLE AND AUTHORITY OF COMMITTEES OF THE BOARD. COMMITTEES OF THE BOARD NO LONGER HAVE AUTHORITY AS TO THE FOLLOWING MATTERS: - THE ELECTION OR REMOVAL OF OFFICERS AND DIRECTORS; - THE APPROVAL OF A MERGER OR PLAN OF DISSOLUTION; - THE ADOPTION OF A RESOLUTION AUTHORIZING THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL THE ASSETS OF THE CORPORATION; AND - ANY ACTIONS WHICH REQUIRE THE VOTE OF AT LEAST TWO-THIRDS OF THE ENTIRE BOARD PURSUANT TO LAW, THE CERTIFICATE OF INCORPORATION OR THE BY-LAWS. 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. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF GOVERNORS, OFFICERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE GOVERNING BOARD. AFTER DISCLOSURE, THE MEMBER MAY NOT PARTICIPATE OR OTHERWISE BE INVOLVED WITH THE DISCUSSIONS, DELIBERATIONS, OR DECISIONS ON ANY MATTER BEFORE THE BOARD WITH RESPECT TO WHICH HE MAY, DIRECTLY OR INDIRECTLY, HAVE A CONFLICT OF INTEREST. THE ANNOUNCEMENT BY A MEMBER THAT HE WILL NOT PARTICIPATE IN THE DISCUSSION OR DECISION ON A MATTER IS TO BE ENTERED IN THE MINUTES OF THE MEETING. ON AN ANNUAL BASIS, EACH MEMBER IS REQUIRED TO SIGN A STATEMENT WHICH AFFIRMS THAT THEY RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS 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 2018. 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.