TORY BURCH FOUNDATION INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- TORY BURCH FOUNDATION INC (EIN 26-3660127)
- Tax period
- 2013-10-01 to 2014-09-30
- Filed
- 2015-08-14
- IRS object ID
- 201502269349302350
- Schema version
- 2013v4.0
- 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 | 2015-08-14T10:57:14-05:00 | ReturnTs |
| Tax Period End | 2014-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 133028332 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELLIOT HOROWITZ & COMPANY LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 675 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-10-01 | 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 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TORY | BusinessNameControlTxt |
| Phone | 6467451272 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 WEST 19TH STREET 7TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT ISEN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6467236689 | PhoneNum |
| Signature | 2015-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STUART KAMELHAR | PreparerPersonNm |
| PTIN | P00185063 | PTIN |
| Phone | 2129727500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | 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 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,422,878 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://TORYBURCHFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2009 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | NON-PROFIT 501(C)(3) ORGANIZATION THAT SUPPORTS THE ECONOMIC EMPOWERMENT OF WOMEN ENTREPENEURS AND THEIR FAMILIES IN THE U.S. OUR EFFORTS ARE CURRENTLY FOCUSED ON SMALL BUSINESS LOANS, MENTORING OPPORTUNITIES, EDUCATION, AND ADVOCACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,665,516 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,419,709 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,003 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,169 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$168,210 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,501,309 | PYTotalRevenueAmt |
| CY Total Revenue | $1,422,878 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,185,962 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $532,266 | 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 | $38,432 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $239,699 | PYOtherExpensesAmt |
| CY Other Expenses | $374,790 | CYOtherExpensesAmt |
| PY Total Expenses | $1,425,661 | PYTotalExpensesAmt |
| CY Total Expenses | $907,056 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,075,648 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $515,822 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,575,825 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,338,538 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $72,859 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $319,750 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,502,966 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,018,788 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NON-PROFIT 501(C)(3) ORGANIZATION THAT SUPPORTS THE ECONOMIC EMPOWERMENT OF WOMEN ENTREPENEURS AND THEIR FAMILIES IN THE U.S. OUR EFFORTS ARE CURRENTLY FOCUSED ON SMALL BUSINESS LOANS, MENTORING OPPORTUNITIES, EDUCATION, AND ADVOCACY. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $441,161 | ExpenseAmt |
| Grant | $232,266 | GrantAmt |
| Desc | THE TORY BURCH FOUNDATION SUPPORTS THE ECONOMIC EMPOWERMENT OF WOMEN ENTREPRENEURS AND THEIR FAMILIES IN THE U.S. THE FOUNDATION PROVIDES GRANTS TO SUPPORT SMALL BUSINESS LOANS FOR WOMEN ENTREPRENEURS. IN ORDER TO SUPPORT WOMEN ENTREPRENEURS AS THEY GROW THEIR BUSINESSES, THE FOUNDATION HOSTS MENTORING EVENTS THAT PAIR TOP BUSINESS LEADERS WITH EXPERTISE IN A VARIETY OF INDUSTRIES WITH WOMEN ENTREPRENEURS TO PROVIDE INFORMATION AND INSPIRATION AND TO CREATE PEER NETWORKS. THE FOUNDATION ALSO PROVIDES ENTREPRENEURIAL EDUCATION FOR EARLY STAGE WOMEN ENTREPRENEURS IN PARTNERSHIP WITH GOLDMAN SACHS 10,000 SMALL BUSINESSES, BABSON COLLEGE AND LAGUARDIA COMMUNITY COLLEGE. THE FOUNDATION ALSO ADVOCATES FOR MICROFINANCE AND ENTREPRENEURSHIP OPPORTUNITIES FOR WOMEN. INCLUDING, SUPPORT FOR SAN FRANCISCO BASED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FOR ITS WORK WITH WOMEN ENTREPRENEURS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $307,938 | ExpenseAmt |
| Grant | $300,000 | GrantAmt |
| Desc | THE FOUNDATION ENTERED INTO A PROGRAM AGREEMENT WITH BANK OF AMERICA CORPORATION WHEREBY BOTH PARTIES HAVE AGREED TO CREATE, DEVELOP, SUPPORT AND MANAGE A PROGRAM KNOWN AS "ELIZABETH STREET CAPITAL, A TORY BURCH FOUNDATION - BANK OF AMERICA INITIATIVE" TO SUPPORT QUALIFIED WOMEN ENTREPRENEURS BY WORKING WITH SELECTED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) TO IMPLEMENT THE PROGRAM. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $749,099 | 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 | Yes (1) | 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 | 0 | 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 | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| 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 |
| Form8899 Filedind | 0 | Form8899Filedind |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | 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 | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | 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 |
| 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10020 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 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 | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES ROBINSON | ||||||
| SECRETARY | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMIE TISCH | ||||||
| BOARD MEMBER | 1.50 | Yes (X) | $0 | $0 | $0 | |
| JAY HASS | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TRACEY KOZMETSKY | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| DINA POWELL | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| HAYLEY BOESKY | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN DUFFY | ||||||
| BOARD MEMBER | 2.00 | 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 | $1,419,709 | AllOtherContributionsAmt |
| Total Contributions | $1,419,709 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,169 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,169 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,422,878 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,169 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $532,266 | TotalAmt |
| Program Services | $532,266 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,922 | TotalAmt |
| Management And General | $25,922 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,481 | TotalAmt |
| Program Services | $7,800 | ProgramServicesAmt |
| Management And General | $28,881 | ManagementAndGeneralAmt |
| Fundraising | $7,800 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,831 | TotalAmt |
| Program Services | $36,831 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,864 | TotalAmt |
| Program Services | $30,864 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,831 | TotalAmt |
| Program Services | $15,346 | ProgramServicesAmt |
| Management And General | $16,858 | ManagementAndGeneralAmt |
| Fundraising | $7,627 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PRODUCTION COSTS | $72,359 | $72,359 | ||
| CONSULTING FEES | $69,448 | $22,601 | $24,246 | $22,601 |
| MUSIC AND ENTERTAINMENT | $24,187 | $844 | $23,343 | |
| MENTORING EVENTS | $19,717 | $19,717 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,150 | TotalAmt |
| Program Services | $10,471 | ProgramServicesAmt |
| Management And General | $275 | ManagementAndGeneralAmt |
| Fundraising | $404 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $907,056 | TotalAmt |
| Program Services | $749,099 | ProgramServicesAmt |
| Management And General | $119,525 | ManagementAndGeneralAmt |
| Fundraising | $38,432 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,807 | BOYAmt |
| EOY | $921,800 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,306 | BOYAmt |
| EOY | $1,856,855 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $587,856 | BOYAmt |
| EOY | $559,783 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,856 | BOYAmt |
| EOY | $100 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,575,825 | BOYAmt |
| EOY | $3,338,538 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,337 | BOYAmt |
| EOY | $77,166 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,522 | BOYAmt |
| EOY | $175,522 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $67,062 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,859 | BOYAmt |
| EOY | $319,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,915,110 | BOYAmt |
| EOY | $2,459,005 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $587,856 | BOYAmt |
| EOY | $559,783 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,502,966 | BOYAmt |
| EOY | $3,018,788 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,575,825 | BOYAmt |
| EOY | $3,338,538 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $515,822 | ReconcilationRevenueExpnssAmt |
| 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 | $629,761 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $589,931 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,653,997 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,665,516 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,419,709 | CurrentTaxYearAmt |
| Total | $6,958,914 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $629,761 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $589,931 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,653,997 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,665,516 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,419,709 | CurrentTaxYearAmt |
| Total | $6,958,914 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,751,709 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,207,205 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $576 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $758 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,231 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,003 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,169 | CurrentTaxYearAmt |
| Total | $10,737 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,969,651 | TotalSupportAmt |
| Public Support CY170 | 0.31670 | PublicSupportCY170Pct |
| Public Support PY170 | 0.31170 | 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 PUBLIC1. PERCENTAGE OF SUPPORTTHE TORY BURCH FOUNDATION'S PUBLIC SUPPORT PERCENTAGE IS 31.67%, 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 CHAIRMAN, CEO AND DESIGNER OF TORY BURCH, AN AMERICAN SPORTSWEAR AND LIFESTYLE BRAND. AFTER GRADUATING FROM THE UNIVERSITY OF PENNSYLVANIA WITH A DEGREE IN ART HISTORY, SHE MOVED TO NEW YORK TO PURSUE A CAREER IN THE FASHION INDUSTRY. SHE WORKED IN PUBLIC RELATIONS AND MARKETING FOR SEVERAL AMERICAN DESIGNERS, INCLUDING RALPH LAUREN, VERA WANG AND NARCISO RODRIGUEZ AT LOEWE.SHE LAUNCHED TORY BURCH IN 2004 WITH A SMALL BOUTIQUE ON ELIZABETH STREET IN MANHATTAN, AND SINCE THEN THE BRAND HAS GROWN INTO A GLOBAL BUSINESS WITH MORE THAN 150 FREESTANDING STORES IN CITIES FROM NEW YORK AND LOS ANGELES TO SHANGHAI, MILAN AND PARIS, AS WELL AS A PRESENCE IN MORE THAN 3,000 DEPARTMENT AND SPECIALTY STORES WORLDWIDE.TORY HAS BEEN RECOGNIZED WITH NUMEROUS AWARDS, INCLUDING THE CFDA FOR ACCESSORY DESIGNER OF THE YEAR, GLAMOUR'S WOMEN OF THE YEAR, FORBES'S MOST POWERFUL WOMEN IN THE WORLD.A DEDICATED PHILANTHROPIST, TORY LAUNCHED THE TORY BURCH FOUNDATION IN 2009. IN ADDITION, SHE SERVES ON THE BOARDS OF THE COUNCIL OF FASHION DESIGNERS OF AMERICA, 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, AND IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS. SHE IS ALSO AN INAUGURAL MEMBER OF THE PRESIDENTIAL AMBASSADORS FOR GLOBAL ENTREPRENEURSHIP.HAYLEY BOESKYHAYLEY IS VICE CHAIRMAN OF GLOBAL MARKETS AT BANK OF AMERICA MERRILL LYNCH, WORKING ACROSS ALL LINES OF BUSINESS TO DEEPEN PARTNERSHIPS WITH THE FIRM'S HIGHEST PRIORITY CLIENTS. SHE WAS PREVIOUSLY AT THE FEDERAL RESERVE BANK OF NEW YORK IN THE MARKETS GROUP WHERE SHE SERVED AS VICE PRESIDENT AND DIRECTOR OF MARKET ANALYSIS. PRIOR TO JOINING THE FEDERAL RESERVE, HAYLEY WORKED AT MOORE CAPITAL MANAGEMENT AND SEPARATELY WAS CHIEF U.S. RATES STRATEGIST AT GOLDMAN SACHS. HAYLEY HOLDS A DOCTORATE IN ASTROPHYSICS FROM COLUMBIA UNIVERSITY AND STUDIED MATHEMATICS AND FRENCH AT THE UNIVERSITY OF PENNSYLVANIA. SHE IS ALSO ON THE TRUSTEES COUNCIL OF PENN WOMEN AND IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS.SUSAN DUFFYSUSAN DUFFY IS THE EXECUTIVE DIRECTOR OF THE CENTER FOR WOMEN'S ENTREPRENEURIAL LEADERSHIP (CWEL) AT BABSON COLLEGE, A COLLABORATIVE LEARNING LABORATORY DEDICATED TO RESEARCHING, EDUCATING AND CELEBRATING WOMEN ENTREPRENEURIAL LEADERS. UNDER SUSAN'S LEADERSHIP, CWEL IS REDEFINING WOMEN'S ENTREPRENEURSHIP EDUCATION WITH PROGRAMS LIKE THE WIN LAB VENTURE ACCELERATOR AND THE CWEL SCHOLARS PROGRAM. CWEL ALSO ADVANCES GENDER ENLIGHTENMENT AS A GROWTH STRATEGY FOR INDIVIDUALS AND ORGANIZATIONS. SUSAN EARNED HER PH.D. FROM THE GEORGE WASHINGTON UNIVERSITY WHERE SHE FOUNDED THE WOMEN'S ENTREPRENEURIAL LEADERSHIP INITIATIVE, A PROGRAM RECOGNIZED AS THE 2006 NATIONAL MODEL SPECIALTY PROGRAM IN ENTREPRENEURSHIP EDUCATION. SUSAN SERVES ON THE BOARD OF THE INTERNATIONAL COUNCIL FOR SMALL BUSINESS AND THE CENTER FOR WOMEN'S BUSINESS RESEARCH.JAY HASSJAY IS A PARTNER AT RRE VENTURES, WHERE HE IS RESPONSIBLE FOR BUSINESS STRATEGY AND OPERATIONAL FUNCTIONS INCLUDING INVESTOR RELATIONS, COMMUNICATIONS AND PRODUCT MANAGEMENT. PRIOR TO JOINING RRE, JAY SPENT 22 YEARS AT BROWN BROTHERS HARRIMAN. THERE HE ESTABLISHED THE ALTERNATIVE INVESTMENTS GROUP, LEADING EIGHT PRIVATE EQUITY, HEDGE FUND AND ASIAN EQUITY FUNDS-OF-FUNDS WITH PEAK ASSETS OF OVER $1.3 BILLION AND APPROXIMATELY 1,300 INVESTORS. IN ADDITION, HE HAS BEEN AN ANGEL INVESTOR IN A NUMBER OF PRIVATELY HELD COMPANIES AND AS PRESIDENT OF THE CONSULTING FIRM GATEHOUSE INVESTORS, HE HAS ADVISED HIGH-NET-WORTH FAMILIES AND FINANCIAL SERVICES INSTITUTIONS ON INVESTMENT AND BUSINESS STRATEGIES. JAY IS ALSO DIRECTOR OF THE CHEETAH KOREA VALUE FUND AND IS A FORMER TRUSTEE OF THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA AND NATURAL LANDS TRUST.ROBERT ISENROBERT IS THE CHIEF LEGAL OFFICER AND PRESIDENT OF CORPORATE DEVELOPMENT AT TORY BURCH LLC. ROBERT BEGAN HIS CAREER AS A CORPORATE ATTORNEY IN WASHINGTON D.C. AND WENT ON TO WORK FOR A PHILADELPHIA-BASED FIRM. AFTER PRACTICING LAW, ROBERT PURSUED VARIOUS ENTREPRENEURIAL VENTURES AND HELD KEY OPERATING, INVESTOR AND ADVISORY ROLES IN SEVERAL COMPANIES. ROBERT HOLDS A B.S. IN PSYCHOLOGY FROM DUKE UNIVERSITY AND GRADUATED WITH A J.D. FROM BOSTON UNIVERSITY LAW SCHOOL. ROBERT IS A MEMBER OF YPO/WPO. ROBERT IS THE HALF-BROTHER OF TORY BURCH.TRACEY KOZMETSKYTRACEY HOLDS A B.A. FROM TEXAS CHRISTIAN UNIVERSITY AND BEGAN HER PROFESSIONAL CAREER AT WOMEN'S WEAR DAILY AND L'OR??AL 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.DINA POWELLDINA IS THE HEAD OF GOLDMAN SACHS BANK USA'S URBAN INVESTMENT GROUP, GLOBAL HEAD OF THE OFFICE OF CORPORATE ENGAGEMENT AND PRESIDENT OF THE GOLDMAN SACHS FOUNDATION. DINA JOINED GOLDMAN SACHS AS A MANAGING DIRECTOR IN 2007 AND WAS NAMED PARTNER IN 2010. PRIOR TO JOINING GOLDMAN SACHS, DINA SERVED AS ASSISTANT SECRETARY OF STATE FOR EDUCATIONAL AND CULTURAL AFFAIRS, AS DEPUTY UNDERSECRETARY OF STATE FOR PUBLIC DIPLOMACY AND PUBLIC AFFAIRS AND AS ASSISTANT TO THE PRESIDENT FOR PRESIDENTIAL PERSONNEL IN THE WHITE HOUSE. DINA SERVES ON THE BOARD OF THE HARVARD BUSINESS SCHOOL SOCIAL ENTERPRISE INITIATIVE, THE AMERICAN UNIVERSITY IN CAIRO, THE CENTER FOR GLOBAL DEVELOPMENT AND THE NIGHTINGALE-BAMFORD SCHOOL. SHE IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS.SEE SCHEDULE O FOR CONTINUATION OF EXPLANATION | FactsAndCircumstancesTestTxt |
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 |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIABILITIES | Desc |
| Amt | $67,062 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $67,062 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,011,760 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $588,882 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $588,882 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,422,878 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,422,878 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,495,938 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $588,882 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $588,882 | ExpensesNotReportedAmt |
| Expenses Subtotal | $907,056 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $907,056 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | TORY BURCH FOUNDATION, INC. IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. TBF ADOPTED THE ACCOUNTING PRONOUNCEMENT RELATED TO INCOME TAXES WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TBF DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (9 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| ACCION CHICAGO | ||||||||
| 1436 W RANDOLPH STREET | CHICAGO | IL | 60607 | 363966573 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| AMERICAN RED CROSS | ||||||||
| 2025 E ST NW | WASHINGTON | DC | 20006 | 530196605 | 501(C)(3) | $175,000 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| ENTREPRENEUR WORKS | ||||||||
| 111 SOUTH INDEPENDENCE MALL EAST | PHILADELPHIA | PA | 19106 | 232435964 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | 810 |
| JUSTINE PETERSEN | ||||||||
| 1023 NORTH GRAND BLVD | SAINT LOUIS | MI | 63103 | 431769074 | 501(C)(3) | $62,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| PEOPLEFUND | ||||||||
| 2921 EAST 17TH STREET | AUSTIN | TX | 78702 | 742814572 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| SELF-HELP | ||||||||
| 926 ELIZABETH AVENUE STE 302 | CHARLOTTE | NC | 28204 | 561271685 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| UCEDC | ||||||||
| 75 CHESTNUT STREET | CRANFORD | NJ | 07016 | 222155884 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| VEDC | ||||||||
| 112 SOUTH WATER ST | HENDERSON | NV | 89015 | 880330270 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| VEDC LA | ||||||||
| 5121 VAN NUYS BLVD 3RD FL | VAN NUYS | CA | 91403 | 953139419 | 501(C)(3) | $37,500 | TO HELP ACCOMPLISH THE CHARITABLE ENDEAVORS OF THE DONEE | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 9 | Total501c3OrgCnt |
| Total Other Org | 9 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FOUNDATION REPRESENTATIVES EITHER MEET WITH DONEE PERSONNEL ON AT LEAST AN ANNUAL BASIS TO DISCUSS THE RECIPIENT'S MISSION AND PROGRESS OR CORRESPONDS WITH THE DONEE TO OBTAIN APPROPRIATE UPDATES | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | THE FOUNDATION ENTERED INTO A PROGRAM AGREEMENT WITH BANK OF AMERICA CORPORATION TO FORM A PROGRAM KNOWN AS "ELIZABETH STREET CAPITAL, A TORY BURCH FOUNDATION - BANK OF AMERICA INITIATIVE TO SUPPORT QUALIFIED WOMEN ENTREPRENEURS |
| FORM 990, PART VI, SECTION A, LINE 2 | ROBERT ISEN (TREASURER) IS THE BROTHER OF TORY BURCH (PRESIDENT) AND JAMES ROBINSON (SECRETARY). |
| FORM 990, PART VI, SECTION B, LINE 11 | EACH MEMBER OF THE BOARD REVIEWS THE 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER IS REQUIRED TO DOCUMENT COMPLIANCE WITH THE POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE BY CONTACTING THE ORGANIZATION'S OFFICES AND WHICH TIME APPROPRIATE ACCESS WILL BE PROVIDED. |
| FORM 990, PART XII, LINE 2C | FINANCIALS ARE SENT TO BOARD MEMBERS DIRECTLY, QUARTERLY FROM ACCOUNTANTS THEN REVIEWED AND DISCUSSED IF NEEDED AT SUBSEQUENT BOARD MEETINGS. YEAR END FINANCIAL STATEMENTS ARE SENT TO THE BOARD AND APPROVED BEFORE ISSUANCE. ANY QUESTIONS ARE DIRECTED TO THE AUDITORS. |
| FORM 990, PART VII | TORY BURCH, PRESIDENT, HAS AN OWNERSHIP INTEREST IN TORY BURCH LLC. |
| FORM 990, PART VII | THE EXECUTIVE DIRECTOR OF TORY BURCH FOUNDATION, INC. IS AN EMPLOYEE OF TORY BURCH LLC. HER TIME IS DONATED BY TORY BURCH LLC. |
| FORM 990, SCHEDULE A, PART II, LINE 17A (CONTINUED) | JAMES ROBINSON JAMIE IS THE MANAGING DIRECTOR OF ALLIANCE MARKETING PARTNERS, A SPORTS MARKETING FIRM. LAUNCHING HIS CAREER AS A CERTIFIED NFL AGENT, JAMIE HAS NEGOTIATED SPORTS AND ENTERTAINMENT MERCHANDISING, LICENSING AND SPONSORSHIP AGREEMENTS TOTALING IN EXCESS OF $150 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 A BOARD MEMBER OF THE POLICE ATHLETIC LEAGUE, THE MARKS COLORECTAL SURGICAL FOUNDATION, ASHLEY'S ANGELS AND THE STREETSAFE DRIVING ACADEMY. 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 LOW AND MIDDLE-INCOME WOMEN OPERATING EARLY STAGE VENTURES IN ALL INDUSTRIES. THE TORY BURCH FOUNDATION AND BANK OF AMERICA PROVIDE GRANTS TO LOCAL CDFI'S THROUGHOUT THE COUNTRY TO SUPPORT THE LOAN PROGRAM. 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 PROGRAM EXISTS ON THE GROUND IN 12 REGIONS AND THERE IS NOW ALSO A NATIONAL PROGRAM THAT INCLUDES ONLINE AND IN-PERSON SESSIONS. NETWORKING AND MENTORING EVENTS IN ORDER TO SUPPORT WOMEN ENTREPRENEURS AS THEY GROW THEIR BUSINESSES, THE FOUNDATION HOSTS MENTORING EVENTS THAT PAIR TOP BUSINESS LEADERS WITH EXPERTISE IN A VARIETY OF INDUSTRIES WITH 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. 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 FELLOWS PROGRAM (IN DEVELOPMENT) THE TORY BURCH FOUNDATION INTENDS TO PRODUCE A NATIONAL FELLOWS PROGRAM FOR WOMEN ENTREPRENEURS. ENTREPRENEURS FROM AROUND THE COUNTRY WILL SUBMIT APPLICATIONS ONLINE. TEN ENTREPRENEURS WILL BE SELECTED ANNUALLY WHO WILL HAVE ACCESS TO MENTORS, ADVISORS AND WORKSHOPS FOR A TWO-YEAR PERIOD. |
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