2017-06-15T10:01:01-05:00 2016-07-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-08-01 208513748 YMA FASHION SCHOLARSHIP FUND YMAF 2122780008 1501 BROADWAY NO 2302 NEW YORK NY 10036 DOUGLAS C EVANS EXECUTIVE DIRECTOR 2122780008 2017-06-15 1 GARRETT M HIGGINS P00543209 2122862600 2017-06-14 2015 2021-01-29 14:40:06Z DOUGLAS C EVANS 1501 BROADWAY NO 2302 NEW YORK NY 10036 4134293 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. 35 34 4 50 0 0 2746159 3411794 0 0 49286 127751 3307 19 2798752 3539564 905000 1190000 0 0 440118 570770 0 0 142693 392280 439756 1737398 2200526 1061354 1339038 5721594 6751147 203076 221325 5518518 6529822 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 1729239 1190000 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. 1729239 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 3 0 4 1 0 0 0 0 0 1 1 0 0 0 0 X 35 34 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 NY 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 208654 0 3790 MICHAEL SETOLA TREASURER 2.00 X X 0 0 0 PAUL ANNUNZIATA 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 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 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 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 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 208654 0 3790 1 0 1 0 0 2875704 536090 3411794 127751 127751 594729 2875704 594729 0 OTHER INCOME 900099 19 19 19 3539564 0 0 127770 1190000 1190000 379900 189950 94975 94975 170044 85022 42511 42511 4422 2211 1105 1106 16404 8202 4101 4101 47962 47962 22590 22590 97226 97226 53859 53859 8837 8837 45349 45349 116077 101959 14118 13479 13479 ALUMNI ASSOC./EVENTS 29197 29197 AWARD SELECTION 2854 2854 DUES AND SUBSCRIPTIONS 1668 1668 OTHER EXPENSES 658 28 630 2200526 1729239 328594 142693 582676 148433 3467 438300 5000 49976 0 12044 3361318 6433253 90327 1327256 20691 5721594 6751147 203076 211844 0 9481 203076 221325 X 4373689 5811822 1044829 618000 100000 100000 5518518 6529822 5721594 6751147 X 1339038 105665 -421355 -12044 X X 0 0 1 0 X 928581 1588890 2300366 2746159 3411794 10975790 928581 1588890 2300366 2746159 3411794 10975790 1565715 9410075 80839 61181 51054 49286 127751 370111 3307 19 3326 11349227 0.82910 0.88040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 3,307. 2015 AMOUNT: $ 19. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1320153 17201 1337354 1247572 72581 1320153 1135957 111615 1247572 1118809 23321 6173 1135957 1128119 -9310 1118809 0.92520 0.07480 0 0 0 DEFERRED RENT 9481 9481 X 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. PART X, LINE 2: MANAGEMENT EVALUATED THE FSF'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT THE FSF HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE. GENERALLY, THE FSF IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2012, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. CURRENTLY, THERE ARE NO AUDITS IN PROGRESS. ANNUAL GALA 3437033 2858551 578482 424672 153810 PALM BEACH LUNCHEON 33400 17153 16247 10674 5573 3470433 2875704 594729 435346 159383 594729 0 1 SCHOLARSHIPS 210 1190000 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 0 0 0 0 0 0 0 1 0 DOUGLAS C EVANS SECRETARY/EXECUTIVE DIRECTOR 183654 0 25000 0 0 0 0 0 3790 0 212444 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR RECEIVED A $25,000 PERFORMANCE BOUNUS, WHICH WAS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS. THE AMOUNT HAS BEEN REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS JAMES ROSENFELD AND SHERI ROSENFELD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 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 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF FIXED ASSETS -12,044. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.