2018-06-15T14:53:43-05:00 2017-07-31 271728945 PKF O'Connor Davies LLP 665 Fifth Avenue New York NY 10022 990 2016-08-01 208513748 YMA Fashion Scholarship Fund YMAF 2122780008 1501 Broadway No 2302 New York NY 10036 Douglas C Evans Executive Director 2122780008 2018-06-15 1 Garrett M Higgins P00543209 2122862600 2018-06-15 2016 2022-09-23 18:48:47Z Douglas C Evans 1501 Broadway No 2302 New York NY 10036 3956233 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 41 4 50 0 0 3411794 3181117 0 0 127751 175400 19 -187299 3539564 3169218 1190000 1325000 0 0 570770 710220 0 0 236428 439756 536126 2200526 2571346 1339038 597872 6751147 7465807 221325 187463 6529822 7278344 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 1949699 1325000 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. 1949699 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 4 1 0 0 0 0 0 1 1 0 0 0 0 X 42 41 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 NY X X Douglas C Evans 2122780008 1501 Broadway No 2302 New York NY 10036 Paul Rosengard Co-Chairman 2.00 X X 0 0 0 Debra Malbin Co-Chairman 2.00 X X 0 0 0 Peter Sachse President 2.00 X X 0 0 0 William Susman Vice President 2.00 X X 0 0 0 Douglas C Evans Secretary/Executive Director 40.00 X X 392774 0 2500 Michael Setola Treasurer 2.00 X X 0 0 0 Mike Alic Board member starting April 2017 2.00 X 0 0 0 Paul Annunziata Board member 2.00 X 0 0 0 Sam Archibald Board member starting June 2017 2.00 X 0 0 0 Shawn Austin Board member starting June 2017 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 starting April 2017 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 Marc Mastronardi 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 Stuart Nifoussi Board member until January 2017 2.00 X 0 0 0 Kenneth Nolan Board member starting April 2017 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 starting June 2017 2.00 X 0 0 0 Yehuda Shmidman 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 starting April 2017 2.00 X 0 0 0 Lana Todorovich Board member starting April 2017 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 Sharon Wax 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 102620 0 0 495394 0 2500 2 0 1 0 0 2724858 456259 3181117 142989 142989 298699 266288 32411 32411 32411 331781 2724858 520727 -188946 -188946 other income 900099 1647 1647 1647 3169218 0 0 -11899 1325000 1325000 385000 192500 96250 96250 249086 124544 62271 62271 37230 18616 9307 9307 38904 19452 9726 9726 44464 44464 41308 41308 103389 103389 47136 47136 11549 11549 66602 66602 149046 99580 15600 33866 4344 4344 Fundraising materials 25008 25008 Alumni Assoc./events 16723 16723 dues and subscriptions 16090 16090 award selection 3750 3750 6717 4837 1880 2571346 1949699 385219 236428 148433 811647 3467 5000 49976 173390 6433253 6361139 90327 98940 20691 20691 6751147 7465807 211844 176725 9481 10738 221325 187463 X 5811822 6536285 618000 642059 100000 100000 6529822 7278344 6751147 7465807 597872 152931 -2281 0 X 0 0 0 X 1588890 2300366 2746159 3411794 3181117 13228326 1588890 2300366 2746159 3411794 3181117 13228326 1969389 11258937 61181 51054 49286 127751 142989 432261 3307 19 1647 4973 13665560 0.82390 0.82910 X Schedule A, Part II, Line 10, Explanation of Other Income: other income - 2014 Amount: $ 3,307. 2015 Amount: $ 19. 2016 Amount: $ 1,647. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1337354 1337354 1320153 17201 1337354 1247572 72581 1320153 1135957 111615 1247572 1118809 23321 6173 1135957 0.92520 0.07480 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 3018339 2698589 319750 46299 297102 165295 Palm Beach Luncheon 38300 26269 12031 12031 3056639 2724858 331781 46299 297102 177326 520727 -188946 1 Scholarships 229 1325000 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 212874 0 179900 0 0 0 0 0 2500 0 395274 0 0 0 Part I, Line 5 Executive director, Douglas c. Evans, was paid an amount of $163,900, which was contingent on revenues. Part I, Line 7 The following Individuals received a performance bonus, which was determined by the Executive committee of the Board of Governors: -Douglas C. Evans- $179,900 -Marie Colletta- $6,700 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 bylaws during the tax year. Significant changes were made in the following areas: - Composition of officers of the organization - Role of committees of the governing body - Voting approval requirements for certain actions 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 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 process was last conducted in 2017. 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.