RUNWAY OF DREAMS FOUNDATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- RUNWAY OF DREAMS FOUNDATION (EIN 46-4077199)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-06
- IRS object ID
- 202523109349302097
- Schema version
- 2024v5.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-06T12:56:08-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464077199 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUNWAY OF DREAMS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RUNW | BusinessNameControlTxt |
| Phone | 2127274200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 THIRD AVENUE 6TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROL KHOURY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2127274200 | PhoneNum |
| Signature | 2025-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | CHRISTINE MCMAHON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 THIRD AVENUE 6TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,098,942 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.RUNWAYOFDREAMS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | WE SUPPORT THE MOVEMENT FOR DISABILITY INCLUSION IN THE FASHION AND BEAUTY INDUSTRIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,136,410 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,024,457 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,394 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15 | PYInvestmentIncomeAmt |
| CY Investment Income | $3 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$68,761 | PYOtherRevenueAmt |
| CY Other Revenue | -$154,193 | CYOtherRevenueAmt |
| PY Total Revenue | $1,067,664 | PYTotalRevenueAmt |
| CY Total Revenue | $881,661 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $318,298 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $320,720 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $44,970 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,148,596 | PYOtherExpensesAmt |
| CY Other Expenses | $725,565 | CYOtherExpensesAmt |
| PY Total Expenses | $1,466,894 | PYTotalExpensesAmt |
| CY Total Expenses | $1,056,285 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$399,230 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$174,624 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $57,129 | TotalAssetsBOYAmt |
| Total Assets EOY | $63,660 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $391,365 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $572,520 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$334,236 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$508,860 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | RUNWAY OF DREAMS EMPOWERS PEOPLE WITH DISABILITIES TO HAVE CONFIDENCE AND SELF-EXPRESSION THROUGH FASHION AND BEAUTY INCLUSION. WE WORK TO GIVE PEOPLE WITH DISABILITIES ACCESS TO FASHION THAT EXCITES AND EMPOWERS THEM. (CONTINUED ON SCHEDULE O)WE RAISE AWARENESS, EDUCATE CONSUMERS, ADVOCATE FOR INDUSTRY CHANGE AND DEVELOP THE NEXT GENERATION OF INNOVATORS AND LEADERS.FOUNDED ON THE BASIS THAT CLOTHING IS A BASIC HUMAN NEED, THE RUNWAY OF DREAMS FOUNDATION DEVELOPS, DELIVERS, AND SUPPORTS CHARITABLE INITIATIVES TO BROADEN THE REACH OF ADAPTIVE CLOTHING AND PROMOTE THE DIFFERENTLY ABLED COMMUNITY IN THE FASHION INDUSTRY. THROUGH ADAPTIVE CLOTHING DONATIONS, EMPLOYMENT OPPORTUNITY INITIATIVES, ADAPTIVE DESIGN WORKSHOPS, AWARENESS BUILDING CAMPAIGNS, AND SCHOLARSHIP PROGRAMS, THE RUNWAY OF DREAMS FOUNDATION IS EMPOWERING PEOPLE WITH DISABILITIES WITH OPPORTUNITY, CONFIDENCE, INDEPENDENCE, AND STYLE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $468,861 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | ADAPTIVE RUNWAY SHOWS: THE FOUNDATION IS RETHINKING THE RUNWAY WITH GLOBAL ADAPTIVE FASHION SHOWS THAT CELEBRATE PEOPLE'S DIFFERENCES, BREAK DOWN STEREOTYPES AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE. THE RUNWAY OF DREAMS FOUNDATION PRODUCES NATIONAL RUNWAY SHOWS THAT CELEBRATE INCLUSION, HIGHLIGHT CHANGE IN THE FASHION INDUSTRY AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $139,054 | ExpenseAmt |
| Grant | $10,000 | GrantAmt |
| Revenue | $11,394 | RevenueAmt |
| Desc | SCHOLARSHIPS & COLLEGIATE PROGRAMS: RUNWAY OF DREAMS FOUNDATION INVESTS IN THE FUTURE OF FUNCTIONAL FASHION BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. THE COLLEGE CLUBS ARE OFFICIAL ON CAMPUS, STUDENT-LED CLUBS THAT RAISE AWARENESS OF THE MISSION THROUGH CAMPAIGNS AND SOCIAL MEDIA AND HOST ADAPTIVE RUNWAY SHOWS FEATURING COMMUNITY MEMBERS WITH VARYING DISABILITIES WHO MODEL ADAPTIVE APPAREL. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $132,463 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | CAMPAIGN FOR INCLUSION: THE CAMPAIGN FOR INCLUSION IS THE FIRST MULTI-BRAND FASHION AND BEAUTY CAMPAIGN FEATURING PEOPLE WITH DISABILITIES WEARING ADAPTIVE & UNIVERSALLY DESIGNED PRODUCTS. RUNWAY OF DREAMS IS LEADING THE MOVEMENT OF DISABILITY INCLUSION IN THE FASHION AND BEAUTY INDUSTRIES, RAISING AWARENESS AND INSPIRING CHANGE THROUGH PROGRAMMING THAT CELEBRATES PEOPLE'S DIFFERENCES, CHALLENGES STEREOTYPES, AND HIGHLIGHTS THE NEED FOR ADAPTIVE & UNIVERSALLY DESIGNED APPAREL AND FOOTWEAR. THROUGH MAJOR MEDIA ENGAGEMENTS, SPEAKING OPPORTUNITIES, CONFERENCES, COMMUNITY PARTNERSHIPS AND COLLEGE CLUBS AND STORY TELLING INITIATIVES, THE FOUNDATION BRINGS VISIBILITY TO DISABILITY BY LEADING THE MOVEMENT OF INCLUSION IN THE FASHIONINDUSTRY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $740,378 | 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 |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | 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 | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | 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 | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| 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 | Yes (1) | 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 | 26 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 7 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | 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 | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROL KHOURY | PersonNm |
| Phone | 2127274200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 THIRD AVENUE 6TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| MINDY SCHEIER | |||||||
| FOUNDER & CEO | 40.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DAWN ROBERTSON | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DANA NABEREZNY | |||||||
| TRUSTEE | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MATT LAUKAITIS | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LYDIA SMITH | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KATHRYN CORDES | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL ROSENGARD | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GARY SHEINBAUM | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DAVE STEVENS | |||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MEGHAN ASHA | |||||||
| TRUSTEE | 2.00 | 0.00 | 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 |
| Fundraising | $800,765 | FundraisingAmt |
| All Other Contributions | $223,692 | AllOtherContributionsAmt |
| Total Contributions | $1,024,457 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COLLEGIATE PROGRAMS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $11,394 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,394 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,394 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3 | TotalRevenueColumnAmt |
| Exclusion | $3 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $514 | TotalRevenueColumnAmt |
| Exclusion | $514 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $61,185 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $800,765 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $217,281 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$156,096 | TotalRevenueColumnAmt |
| Exclusion | -$156,096 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,389 | TotalRevenueColumnAmt |
| Exclusion | $1,389 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,389 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $881,661 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,394 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$154,190 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Program Services | $10,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,586 | TotalAmt |
| Program Services | $181,670 | ProgramServicesAmt |
| Management And General | $76,313 | ManagementAndGeneralAmt |
| Fundraising | $36,603 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,749 | TotalAmt |
| Program Services | $1,079 | ProgramServicesAmt |
| Management And General | $453 | ManagementAndGeneralAmt |
| Fundraising | $217 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,385 | TotalAmt |
| Program Services | $15,038 | ProgramServicesAmt |
| Management And General | $6,317 | ManagementAndGeneralAmt |
| Fundraising | $3,030 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,675 | TotalAmt |
| Management And General | $11,675 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,436 | TotalAmt |
| Management And General | $89,436 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,702 | TotalAmt |
| Program Services | $8,052 | ProgramServicesAmt |
| Management And General | $36,650 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,316 | TotalAmt |
| Program Services | $2,316 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,234 | TotalAmt |
| Program Services | $2,176 | ProgramServicesAmt |
| Management And General | $1,058 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,930 | TotalAmt |
| Program Services | $1,197 | ProgramServicesAmt |
| Management And General | $9,667 | ManagementAndGeneralAmt |
| Fundraising | $4,066 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,134 | TotalAmt |
| Program Services | $16,274 | ProgramServicesAmt |
| Management And General | $7,750 | ManagementAndGeneralAmt |
| Fundraising | $110 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,952 | TotalAmt |
| Management And General | $18,952 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,208 | TotalAmt |
| Management And General | $3,208 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,460 | TotalAmt |
| Management And General | $5,460 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| RUNWAY EVENT PRODUCTION | $363,470 | $363,470 | ||
| RUNWAY EVENT FEES | $114,749 | $114,749 | ||
| MODELING & APPAREL | $17,118 | $17,118 | ||
| CREDIT CARD/PAYPAL FEES | $9,053 | $5,615 | $2,781 | $657 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,128 | TotalAmt |
| Program Services | $1,624 | ProgramServicesAmt |
| Management And General | $1,217 | ManagementAndGeneralAmt |
| Fundraising | $287 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,056,285 | TotalAmt |
| Program Services | $740,378 | ProgramServicesAmt |
| Management And General | $270,937 | ManagementAndGeneralAmt |
| Fundraising | $44,970 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,976 | BOYAmt |
| EOY | $24,018 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,320 | BOYAmt |
| EOY | $34,514 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,598 | BOYAmt |
| EOY | $2,100 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,919 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,195 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,931 | BOYAmt |
| EOY | $724 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,304 | BOYAmt |
| EOY | $2,304 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,129 | BOYAmt |
| EOY | $63,660 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,365 | BOYAmt |
| EOY | $282,520 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $290,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,365 | BOYAmt |
| EOY | $572,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$334,236 | BOYAmt |
| EOY | -$508,860 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$334,236 | BOYAmt |
| EOY | -$508,860 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,129 | BOYAmt |
| EOY | $63,660 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$174,624 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| 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 | $248,591 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,085,636 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,342,207 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,135,711 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,024,457 | CurrentTaxYearAmt |
| Total | $4,836,602 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $248,591 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,085,636 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,342,207 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,135,711 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,024,457 | CurrentTaxYearAmt |
| Total | $4,836,602 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $4,836,602 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,438 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,624 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $699 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $517 | CurrentTaxYearAmt |
| Total | $4,303 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $147,336 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $210,524 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $125,893 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $129,177 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $62,574 | CurrentTaxYearAmt |
| Total | $675,504 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,516,409 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $11,394 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.87680 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99920 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | GROSS INCOME FROM FUNDRAISING EVENTS - 2020 AMOUNT: $ 147,336. 2021 AMOUNT: $ 210,524. 2022 AMOUNT: $ 125,893. 2023 AMOUNT: $ 129,177. 2024 AMOUNT: $ 61,185. MISCELLANEOUS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 1,389. | 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
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,919 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,195 | DepreciationAmt |
| Book Value | $724 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $724 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $881,661 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $881,661 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $881,661 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,056,285 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,056,285 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,056,285 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. ON DECEMBER 31, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $861,950 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $800,765 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $61,185 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $114,749 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $102,257 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $275 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $861,950 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $800,765 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $61,185 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $114,749 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $102,257 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $275 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $217,281 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$156,096 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $10,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IN COLLABORATION WITH THE FASHION SCHOLARSHIP FUND (FSF), WE INVEST IN THE FUTURE OF FASHIONABLE AND FUNCTIONAL APPAREL BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. SCHOLARSHIP FUNDS CAN BE APPLIED TO ANY EDUCATIONAL EXPENSES SUCH AS TUITION, SUMMER INTERN, HOUSING, STUDY ABROAD ETC. THE FASHION SCHOLARSHIP FUND'S EXPECTATIONS FOR THE USE OF THE SCHOLARSHIP AWARD IS PRETTY STRAIGHTFORWARD. A SCHOLAR MUST DEMONSTRATE A COMMITMENT TO HIS/HER STUDIES, REMAIN A STUDENT IN GOOD STANDING, AND HONOR THE ACADEMIC OBLIGATIONS AS REQUIRED BY HIS/HER SCHOOL. IT'S THE SCHOLAR'S RESPONSIBILITY TO FOLLOW THE POLICY OF HIS/HER COLLEGE/UNIVERSITY TO PROCESS THE FUNDS RECEIVED. NO FURTHER MONITORING OF THE SCHOLARSHIP IS REQUIRED AS AN INDIVIDUAL WILL NOT HAVE RECEIVED AN AWARD IF THEY DO NOT MEET THE ELIGIBILITY REQUIREMENTS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| MINDY SCHEIER | |||||||
| FOUNDER & CEO | LOAN TO A FAMILY MEMBER | Yes (X) | $250,000 | $250,000 | 0 | Yes (1) | Yes (1) |
| MINDY SCHEIER | |||||||
| FOUNDER & CEO | LOAN TO LLC | Yes (X) | $40,000 | $40,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $290,000 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | IN MARCH 2024, THE FOUNDATION ENTERED INTO A LOAN AGREEMENT WITH A FAMILY MEMBER OF THE FOUNDER OF THE FOUNDATION. THE OUTSTANDING LOAN BALANCE AS OF DECEMBER 31, 2024, AMOUNTED TO $250,000.IN NOVEMBER 2024, THE FOUNDATION ENTERED INTO TWO LOAN AGREEMENTS WITH GAMUT, LLC IN WHICH THE FOUNDER IS THE LLC'S SOLE MEMBER. THE OUTSTANDING LOAN BALANCES AS OF DECEMBER 31, 2024, AMOUNTED TO $15,000 AND $25,000. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 WAS REVIEWED BY AND DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST THE CONFLICT OF INTEREST POLICY IS SIGNED BY APPROPRIATE EMPLOYEES ANNUALLY. EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A MEMBER BECOMES AWARE OF A CONFLICT DURING THE YEAR, HE/SHE PROMPTLY DISCLOSES IT TO THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUNWAY OF DREAMS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9 COVENTRY ROAD | AddressLine1Txt |
| City | LIVINGSTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07039 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 812707383 | EIN |
| Primary Activities | DESIGN & SELL APPAREL | PrimaryActivitiesTxt |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Entity Type | S | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments