TORY BURCH FOUNDATION INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- TORY BURCH FOUNDATION INC (EIN 26-3660127)
- Tax period
- 2016-10-01 to 2017-09-30
- Filed
- 2018-07-12
- IRS object ID
- 201821939349301277
- Schema version
- 2016v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-07-12T15:44:44-05:00 | ReturnTs |
| Tax Period End | 2017-09-30 | 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 | 665 Fifth Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263660127 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tory Burch Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TORY | BusinessNameControlTxt |
| Phone | 6467236689 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 West 19th Street 7th fl | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert Isen | PersonNm |
| Person Title | Chair/Treasurer | PersonTitleTxt |
| Phone | 6467236689 | PhoneNum |
| Signature | 2018-07-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Garrett M Higgins | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2018-07-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Laurie Fabiano | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 West 19th Street 7th fl | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,282,907 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.toryburchfoundation.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | Non-profit 501(c)(3) organization that empowers women entrepreneurs by providing access to capital, education and digital resources. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,130,291 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,240,743 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $32,131 | PYInvestmentIncomeAmt |
| CY Investment Income | $42,164 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,162,422 | PYTotalRevenueAmt |
| CY Total Revenue | $1,282,907 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $100,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $150,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $34,135 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $377,221 | PYOtherExpensesAmt |
| CY Other Expenses | $555,968 | CYOtherExpensesAmt |
| PY Total Expenses | $477,221 | PYTotalExpensesAmt |
| CY Total Expenses | $705,968 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $685,201 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $576,939 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,897,026 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,549,335 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $159,041 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $221,394 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,737,985 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,327,941 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Tory Burch Foundation, Inc. (TBF) is a not-for-profit corporation formed in October 2008 to empower women entrepreneurs by providing access to capital, education and digital resources. Women entrepreneurs face significant barriers to accessing capital and growing their businesses. TBF's programs help to level the playing field for women entrepreneurs. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $611,339 | ExpenseAmt |
| Grant | $150,000 | GrantAmt |
| Desc | The Tory Burch Foundation empowers women entrepreneurs by providing access to capital, education and digital resources. Women entrepreneurs face significant barriers to accessing capital and growing their businesses. Our programs help to level the playing field for women entrepreneurs. The Tory Burch Foundation website is a digital resource hub with rich content for all women entrepreneurs. There are scores of original articles addressing finance, marketing, operations and more; interviews with successful business people; and tools, such as a business plan builder. [See continuation on Schedule o]The Tory Burch Foundation Capital Program, powered by Bank of America provides access to affordable loans through local Community Development Financial Institutions (CDFIs) for early-stage women entrepreneurs across the United States. | Desc |
| Total Program Service Expenses | $611,339 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | 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 | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| 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 | Flynn Family Office | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2122023230 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 139 West 50th Street 19th Floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Tory Burch | ||||||
| President | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Robert Isen | ||||||
| Chair and Treasurer | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| James Robinson | ||||||
| Secretary | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Hayley Boesky | ||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Susan Duffy | ||||||
| board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Yasmin Green | ||||||
| board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jay Hass | ||||||
| board Member Through July 2017 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| tracey Kozmetsky | ||||||
| board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Dina Powell | ||||||
| board Member Through Jan. 2017 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jamie Tisch | ||||||
| board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Laurie Fabiano | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,240,743 | AllOtherContributionsAmt |
| Total Contributions | $1,240,743 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,164 | TotalRevenueColumnAmt |
| Exclusion | $42,164 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,282,907 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $42,164 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,000 | TotalAmt |
| Program Services | $50,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,000 | TotalAmt |
| Program Services | $100,000 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,475 | TotalAmt |
| Management And General | $11,475 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,299 | TotalAmt |
| Program Services | $17,533 | ProgramServicesAmt |
| Management And General | $48,233 | ManagementAndGeneralAmt |
| Fundraising | $17,533 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,808 | TotalAmt |
| Program Services | $67,808 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,563 | TotalAmt |
| Program Services | $5,957 | ProgramServicesAmt |
| Management And General | $606 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,149 | TotalAmt |
| Program Services | $16,149 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,489 | TotalAmt |
| Program Services | $7,489 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,084 | TotalAmt |
| Program Services | $8,084 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| Public Relation-Embrace | $288,514 | $288,514 | ||
| Mentoring/Edu. Events | $66,407 | $49,805 | $16,602 | |
| Other Direct Operating | $180 | $180 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $705,968 | TotalAmt |
| Program Services | $611,339 | ProgramServicesAmt |
| Management And General | $60,494 | ManagementAndGeneralAmt |
| Fundraising | $34,135 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $411,011 | BOYAmt |
| EOY | $858,327 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,195,478 | BOYAmt |
| EOY | $5,483,765 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,560 | BOYAmt |
| EOY | $192,796 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
| EOY | $10,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,977 | BOYAmt |
| EOY | $4,447 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,897,026 | BOYAmt |
| EOY | $6,549,335 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,159 | BOYAmt |
| EOY | $30,016 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,820 | BOYAmt |
| EOY | $124,316 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,062 | BOYAmt |
| EOY | $67,062 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,041 | BOYAmt |
| EOY | $221,394 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,737,985 | BOYAmt |
| EOY | $6,327,941 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,737,985 | BOYAmt |
| EOY | $6,327,941 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,897,026 | BOYAmt |
| EOY | $6,549,335 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $576,939 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $13,017 | 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 | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| 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 | $2,665,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,419,709 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,387,940 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,130,291 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,240,743 | CurrentTaxYearAmt |
| Total | $8,844,199 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,665,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,419,709 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,387,940 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,130,291 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,240,743 | CurrentTaxYearAmt |
| Total | $8,844,199 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,275,524 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,568,675 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,003 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,169 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,730 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $32,131 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,164 | CurrentTaxYearAmt |
| Total | $93,197 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $8,937,396 | TotalSupportAmt |
| Public Support CY170 | 0.28740 | PublicSupportCY170Pct |
| Public Support PY170 | 0.29100 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
| Facts And Circumstances Test | In accordance with Treasury Regulation Section 1.170A-9(f)(3), the Tory Burch Foundation is publicly supported because it normally receives a substantial part of its support from governmental units, from contributions made directly or indirectly by the general public, or from a combination of these sources, that is, its public support exceeds 10% of its total support, and it meets the other requirements of paragraph (f)(3). The Foundation also maintains a continuous and bona fide program for solicitation of funds from the general public.1. Percentage of SupportThe Tory Burch Foundation's public support percentage is 23.26%, well above the 10% required to qualify as a publicly supported organization. 2. Sources of SupportThe Foundation received donations from more than 5,000 different donors over the five-year measurement period. The Foundation relies on contributions, and not endowment funds, to support its mission. In general, these donors were not related to each other.3. Representative Governing BodyThe Tory Burch Foundation's governing body - its Board of Directors - represents the broad interests of the public rather than the personal or private interests of a limited number of donors. Board members include CEOs, lawyers, philanthropists, civic volunteers, and business leaders across a wide variety of industries including banking, education, venture capital, not-for-profit foundations, marketing, and fashion. The Foundation's Board thereby embodies and espouses an extensive cross-section of the views and interests of the community. In addition, Board members have specialized knowledge and expertise in the field of women's entrepreneurship, and are aptly positioned to govern an organization that focuses on the empowerment of women entrepreneurs through access to capital, entrepreneurial education, and mentoring and networking opportunities. For example, various Board members are themselves entrepreneurs, leaders in business and finance, and/or hold positions with other organizations that align with the tenets of the Foundation, resulting in a deep expertise in the field of women's entrepreneurship. Board members are represented in organizations such as the Trustees Council of Penn Women, the Center for Women's Entrepreneurial Leadership at Babson College, the International Council for Small Business, and the Center for Women's Business Research, among many others.Abbreviated Board member biographies follow below:Tory BurchTory Burch is the CEO and Chief Creative Officer of Tory Burch LLC, an American lifestyle brand. The collection includes ready-to-wear, shoes, handbags, accessories, home and fragrance.Tory launched the company in 2004 with a boutique on Elizabeth Street in Manhattan and an ecommerce site. The brand's classic and bohemian aesthetic resonated from the beginning, and has grown into a global business with more than 200 stores around the world. In 2015, she launched Tory Sport, a performance active wear collection inspired by the grace and strength of athletes. Social responsibility is an integral part of the company. In 2009, Tory launched the Tory Burch Foundation to empower women entrepreneurs by providing access to capital, education and resources, as well as a Fellowship program. A dedicated philanthropist, she serves on several boards including the Society of Memorial Sloan-Kettering Cancer Center, the Breast Cancer Research Foundation, the Barnes Foundation and the Jay H. Baker Retailing Center at the University of Pennsylvania's Wharton School. She is also a member of the Council on Foreign Relations.Tory has been recognized with numerous awards and honors, including the CFDA Accessories Designer of the Year, Forbes's Most Powerful Women in the World and the BCRF's Sandra Taub Humanitarian Award. Her first book, Tory Burch In Color, was a New York Times Best Seller.Hayley BoeskyHayley Boesky is Managing Director and Vice Chairman of Global Corporate and Investment Bank at Bank of America Merrill Lynch. In this role, she collaborates across all enterprise lines of business to deepen partnerships with the firm's highest priority clients. She also serves as a liaison with the global policymaking community, fostering connectivity in areas at the forefront of market and regulatory developments. From 2007 to 2010, Hayley was Vice President and Director of Market Analysis at the Federal Reserve Bank of New York. Prior to joining the Federal Reserve in 2007, Hayley was Director of Relative Value and Derivative Trading at Moore Capital Management. Hayley began her career in 1994 at Goldman, Sachs & Co., where she spent more than nine years in fixed income strategy, including as Chief U.S. Rates Strategist. She holds a Doctorate in Astrophysics from Columbia University. In addition to her PhD, she also earned a Master's Degree in Science and a Master's Degree in Philosophy from Columbia University, and she served on the Board of the Graduate School of Arts and Sciences from 2000 to 2003. She studied mathematics, astrophysics and French as an undergraduate at the University of Pennsylvania. Hayley sits on the IMF's Financial Institutions Consultative Group and the FRBNY's Financial Advisory Roundtable, which advises the IMF and the Federal Reserve Bank of New York respectively on market developments and financial stability issues. She also serves on the Board of Overseers for the University of Pennsylvania School of Arts & Sciences. She is on the Trustees Council on Penn Women at the University of Pennsylvania, and is a member of the Penn Arts & Sciences Women in Business Alliance, providing education advocacy and mentor ship. Hayley is also a member of the Council on Foreign Relations.Susan DuffyDr. Susan Duffy is the Executive Director of the Babson College Center for Women's Entrepreneurial Leadership (CWEL), a co-founder of the Women Innovating Now (WIN) Lab venture accelerator, and an inspired educator and advocate for gender equity as a driver of social and economic growth. Throughout her career Susan has recreated what is possible for the organizations she leads across diverse sectors including construction; food, nutrition and health; and education. She earned her Ph.D. from The George Washington University and in 2016 was inducted into the prestigious Wilford White Fellows of the International Council for Small Business. Susan has been recognized globally as an award winning entrepreneurial educator, is an investor and advisor to several early stage companies, and serves on the boards of the Walmart Foundation International Advisory Council, the International Council for Small Business Women's Committee, and Babson Women in Technology.Yasmin GreenYasmin is the Head of Research and Development for Jigsaw, a technology incubator within Alphabet Inc. focused on solving global security challenges through technology. She oversees the team's research as well as its work on counter-radicalization and online hate, harassment and intimidation. Yasmin was previously Head of Strategy and Operations for Google Ideas, now Jigsaw. Prior to joining Google, Yasmin consulted for Booz Allen Hamilton. She is a Senior Advisor on Innovation to Oxford Analytica, a member of the Aspen Cyber Strategy Group, and until 2015 co-chaired the European Commission's' Working Group on Online Radicalization. In 2017, Yasmin was named as one of Fortune's "40 Under 40" most influential young leaders, and in 2016 was listed by Fast Company as one of the "Most Creative People in Business."Robert IsenRobert is Chief Legal Officer & President of Corporate Development. He joined the Company in September 2008. Prior to joining Tory Burch, Robert was an entrepreneur/founder, key operating executive, and advisor with various companies; including Bemis Company, Continuum and Viapack. He launched his career as a corporate attorney in Washington, DC and Philadelphia, PA before moving on to Paramount Packaging Corporation (a Philadelphia-based global packaging company) as General Counsel and Executive Vice President. Robert received his Bachelor of Arts in Psychology from Duke University before graduating from Boston University School of Law. He is a member of Young Presidents Organization/WPO and serves on the board of Tory Burch, LLC and Tabitha Simmons. | FactsAndCircumstancesTestTxt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Tracey Kozmetsky | FormAndLineReferenceDesc |
| Explanation | Tracey holds a B.A. from Texas Christian University and began her professional career at Women's Wear Daily and LOreal Professionnel. In 1999, she started her own public relations firm, Engelking Kozmetsky Communications, LLC. Tracey has been involved with the RGK Foundation for 19 years. She is the 2015 Board Chair for the Dallas Children's Advocacy Center and serves on the Board of Directors of Dallas Children's Medical Center. She is also a member of the Crystal Charity Ball. Among numerous awards, she received the North Star Award ranking her among the top ten civic volunteers in Dallas. James Robinson Jamie is Founder and CEO of TAPP Technologies, a beverage analytics and engagement company. Launching his career as a certified NFL agent, Jamie has negotiated sports and entertainment merchandising, licensing and sponsorship agreements totaling in excess of $500 million. He has also created marketing campaigns on behalf of a number of the nation's leading brands including Hallmark Cards, GAP, McDonald's, Coca-Cola, Rawlings Sporting Goods and Dunkin' Donuts. Jamie is also a board member of the Marks Colorectal Surgical Foundation and Ashley's Angels. He is a graduate of Georgetown University. James is the brother of Tory Burch. Jamie Tisch Jamie is an entrepreneur and philanthropist. In 2008, she co-founded Fashionology LA, a children's clothing store in Los Angeles. In 2003, she co-founded the Entertainment Industry's Women's Cancer Research Fund. The Women's Cancer Research Fund was created to support innovative research, education and outreach directed toward the early diagnosis, treatment and prevention of all women's cancers. 4. Availability of Public Facilities or Services; Public Participation in Program or Policies: The Tory Burch Foundation runs nation-wide public programs empowering women entrepreneurs. The programs and initiatives are as follows: Access to Affordable Capital Program The Tory Burch Foundation Capital Program powered by Bank of America provides women entrepreneurs in the United States the opportunity to access affordable loans through Community Development Financial Institutions (CDFIs). (The program was originally known as "Elizabeth Street Capital".) The loans are made to women entrepreneurs operating early stage ventures in all industries. Education In partnership with Goldman Sachs 10,000 Small Businesses and Babson College, the Tory Burch Foundation provides specialized, practical business education for women entrepreneurs. The curriculum is designed to provide entrepreneurs with tools and support to practice negotiation skills, financial, marketing and employee management. During three-month courses, students attend classes and receive weekly one-on-one business advising to develop a strategic and tailored plan for business growth. The Goldman Sachs 10,000 Small Businesses program exists on the ground in 13 regions and also provides a national program that includes online and in-person sessions. Fellows Program The Tory Burch Foundation Fellows Program is a national program for women entrepreneurs. Women entrepreneurs, from across the United States, submit applications online. Ten entrepreneurs are selected annually. Each Fellow receives a grant for business education, participates in educational workshops taught by industry experts over three days hosted by the Foundation in New York, and is provided with mentoring and guidance during the one-year program. Networking and Mentoring Events The Foundation also hosts mentoring events for women entrepreneurs to provide information and inspiration and to create peer networks. Through "Women Rule", a partnership with POLITICO and Google, the Foundation has held a series of events exploring how women are leading change in politics, policy and their communities. #EmbraceAmbition The Foundation's initiative #EmbraceAmbition launched in March 2017, encourages women everywhere to own their power, their drive, their dreams, and to overcome stereotypes about women and ambition. Digital The Tory Burch Foundation website is a digital resource hub with rich and regular content for entrepreneurs. There are scores of original articles addressing finance, marketing, operations and more; interviews with successful business people; and tools, such as a business plan builder. There is also a donation portal for the public www.toryburchfoundation.org. | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,810,316 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $13,017 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $1,514,392 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,527,409 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,282,907 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,282,907 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,220,360 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,514,392 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $1,514,392 | ExpensesNotReportedAmt |
| Expenses Subtotal | $705,968 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $705,968 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | TBF recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that TBF had no uncertain tax positions that would require financial statement recognition or disclosure. TBF is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to September 30, 2014. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PeopleFund | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2921 E 17th St Bldg D No 1 | AddressLine1Txt |
| City | Austin | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78702 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 742814572 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $50,000 | CashGrantAmt |
| Purpose Of Grant | to help 44 women entrepreneurs who were affected by hurricane Harvey | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Fellows Grants | GrantTypeTxt |
| Recipient | 10 | RecipientCnt |
| Cash Grant | $100,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Tory Burch Foundation Fellows Program is a national program for women entrepreneurs. Women entrepreneurs, from across the United States, submit applications through an online portal. Applicants go through a rigorous review process. Fellows selection is based on a variety of factors, including: Personal Statement and Resume The Business Plan Social Responsibility Proposed Use of Education Grant Screening Interview Online Voting Grant recipients request approval from Foundation staff prior to using their educational grant funding and meet or correspond with Foundation staff to discuss their progress towards business and educational goals monthly, during the one-year Fellowship, and at least on an annual basis thereafter. Foundation staff regularly monitor grant usage through an online portal that captures all transactions. For grant and assistance to domestic organization, Tory Burch Foundation receives report from domestic organization on how the grant/assistance was being used to ensure that the grant/assistance was being used for its intended purpose. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Tory Burch (President), Robert Isen (Chair and Treasurer), and James Robinson (Secretary) have a family relationship. Tory Burch (President) and Robert Isen (Chair and Treasurer) have a business relationship. |
| Form 990, Part VI, Section B, line 11b | Tory Burch Foundation has its Form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management, and is ready to be filed with the Internal Revenue Service, it is electronically transmitted to the Board of Directors for review prior to submission to the IRS. |
| Form 990, Part VI, Section B, line 12 | Tory Burch Foundation has in place a conflict of interest policy and is taking steps to implement an annual practice on monitoring proposed or ongoing transactions for conflict of interest and dealing with potential or actual conflicts. |
| Form 990, Part VI, Section C, line 19 | The organization makes its Form 990 available for public inspection as required under Section 6104 of the Internal Revenue code. The return is posted on the organization's website, guidestar.org and other similar types of websites. In addition, the Financial Statements, Conflict of Interest Policy, Form 990, Form 1023, and By-laws are also available upon written request at 11 West 19th Street, 7th Floor, New York, NY 10011. |
| Form 990, Part VI, Section B, Line 13-14: | For the tax year ended 9/30/2017, the Foundation does not have a written whistleblower policy or a written document retention and destruction policy. However, the Foundation is in the process of adopting a written whistleblower policy and a written document retention and destruction policy. |
| Form 990, Part VII, Section A: | THE EXECUTIVE DIRECTOR OF TORY BURCH FOUNDATION, INC. IS EMPLOYED BY TORY BURCH LLC. HER TIME IS DONATED BY TORY BURCH LLC. |
| Form 990, Part XII, Line 2c: | the process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years. |
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