2014-03-11T08:12:01-05:00 2013-06-30 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 308A DEDHAM MA 02026 990 2012-07-01 222579809 TWO TEN FOOTWEAR FOUNDATION INC TWOT 7817361524 1466 MAIN STREET WALTHAM MA 02451 Elba Marcillo 7817361524 2014-03-06 P01430775 6172629898 2014-02-20 2012 2015-11-30 17:44:51Z ELBA MARCILLO 1466 MAIN STREET WALTHAM MA 02451 6871877 0 X WWW.TWOTEN.ORG X 1939 MA CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMERLY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS. 39 38 14 0 0 0 5896932 3244363 0 0 555722 859160 -42020 -201000 6410634 3902523 2101174 2537341 0 0 1366161 1250174 0 0 514128 957140 1538025 4424475 5325540 1986159 -1423017 34082376 34961006 360797 483386 33721579 34477620 X CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMELY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS. 0 0 3260835 2537341 Human Service Expense:In fiscal year 2013, Two Ten Footwear Foundation funded 1,797 families who work in the footwear industry with emergency assistance during times of pressing need. The population we serve is vulnerable to loss of income due to unexpected decreases in working hours when a retail store business slows or orders in a factory or warehouse decrease. The most cited reason for calling Two Ten for assistance is due to employment issues, followed by natural disasters and family issues. In order to receive financial assistance individuals must work for two years in the industry (during natural disasters the eligibility requirement is lowered to one year). The majority of funds were paid directly to creditors to cover utility payments, oil bills, rent, mortgage, car payments, car repairs, funerals, and in some cases critical medical bills. In total, 783 families received financial assistance with their rental or mortgage payments, 255 families with car payments or essential car repairs, 466 with utilities, 632 with financial help to recover from natural disasters including hurricanes, tornadoes, floods or fire, or a death to an immediate family member. In addition to funds sent to creditors, Some mini-grants between $100 - $1,500 were paid to individuals impacted by natural disasters, fires and crises that require immediate cash. $291,100 was spent to assist Super Storm Sandy victims during fiscal year 2013. Individuals impacted by natural disasters used Two Ten funds to purchase hotel stays, generators, food, gasoline, clothing and other urgent necessities. The majority of footwear workers who call Two Ten for help primarily fall into two segments: retail workers who work at large chain stores selling footwear, or manual laborers working in manufacturing or warehouse operations of footwear companies. 70% of those who contacted us were women, one third of whom are between the ages of 25 and 34. The top three states we received calls from in fiscal year 2013 were: New York, New Jersey, and Tennessee. Besides covering basic necessities, Two Ten also provides counseling services and information referral services. Two Ten contracts with FEI Behavioral Health to administer telephonic counseling services. Each individual who calls receives 8 telephonic counseling sessions. 46 individuals in 2013 received counseling referrals, 894 individuals received information referral services. Anyone who works in the footwear industry for any length of time is eligible to receive counseling and information referral services. Information referrals are given to provide additional resources outside of Two Ten that can offer individuals assistance such as food pantries, heating fuel assistance, legal aid and United Way. Education Expense:In 2013, Two Ten Footwear Foundation funded 350 individuals from the footwear industry and/or footwear families with annual scholarships of approximately $2,500 each. Scholarships are given based on financial need as measured by the EFC (estimated family contribution) of each student. In order to be eligible to receive a scholarship, an individual or their parent must have worked at least two years in the footwear industry. Scholars must have at least a 2.5 GPA and be enrolled in or about to be enrolled in an accredited two or four-year college, university, vocational/technical school or nursing school. Every year, a small percentage of students are funded to attend school for footwear design. Unlike our traditional college scholarships, the Footwear Design Scholarship is available to any student without any eligibility requirement of working in the footwear industry. This scholarship is to assist students who are studying design with a focus on footwear. The program was created in 2003 to assist students with a demonstrated interest and skill in pursuing a career in footwear design. Students are evaluated on design talent, in addition to financial and academic criteria, and are evaluated by submitting three design samples in addition to completing the standard online application. In 2012, the application administration process was outsourced to International Scholarship and Tuition Services, who oversees the online application process. Two Ten scholarship staff rank applicants using a scoring rubric that is weighted by the following system: 70% financial need, 15% academic performance based on gap, 15% academic resume based on extracurricular activities. 172603 MEMBER AND EDUCATIONTwo Ten Footwear Foundation is committed to building a stronger footwear community by offering a series of four national programs, geared toward specific audiences. The Women in Footwear Industry (WIFI) group is focused on inspiring, mentoring, and educating women at all levels of their careers. In fiscal year 2013, WIFI held 12 networking and professional development events in locations across the US that were attended by 825 women. The Young Professionals (YP) for 210 group is designed to attract the footwear professionals by providing relevant content and networking opportunities. In FY13, YP210 held two events that engaged 325 people. The third program, the HR Leadership Committee, is built for human resources professionals within the footwear industry to network with peers and business professionals dedicated to learning and innovation, as well as supporting the footwear industry and its people. Each year, the committee hosts a conference called the HR Leadership Summit that is attended by 200 industry professionals. The final program was launched in FY13; through Footwear Cares Two Ten united 68 footwear companies and over 3,000 footwear volunteers across the country in a first-ever, industry-wide community service program to help local charities serving families and communities. 555888 LEADERSHIP DEVELOPMENTFounded in 1939, Two Ten is the footwear industry's national charitable foundation the only foundation of its kind in the United States. To increase awareness of the Foundations offerings within the industry it serves, Two Tens FY13 outreach efforts included 28 corporate visits with presentations made to 3,722 American footwear workers. The Foundation also attended 7 different benefit fairs to connect directly with industry employees. Part of the Leadership development is to do outreach to support the footwear industry facing difficulty, the Foundation relied upon integrated material to reach a wider client base of prospective users of our programs and services. We shared client profiles to demonstrate the Foundations impact within the footwear industry. To accomplish this, Two Ten supplemented its budget spend with barter agreements, pro-bono work, and gifts in kind from partners and supporting companies. 3989326 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 14 1 0 0 0 0 0 1 1 0 0 X 39 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Elba Marcillo 7817361500 1466 MAIN STREET WALTHAM MA 02452 Neal Newman 37.50 X X 166849 0 20096 Jim Salzano 1.00 X X 0 0 0 Michael Atmore 1.00 X 0 0 0 Martin Berman 1.00 X 0 0 0 Carol Baiocchi 1.00 X 0 0 0 Anna Bakst 1.00 X 0 0 0 Amanda Cabot 1.00 X 0 0 0 Debbie Ferree 1.00 X 0 0 0 Steven Hill 1.00 X 0 0 0 Daniel Hunt 1.00 X 0 0 0 Susan Itzkowitz 1.00 X 0 0 0 Blake Krueger 1.00 X X 0 0 0 Steve Madden 1.00 X 0 0 0 Robert McHugh 1.00 X 0 0 0 Tracey McLeod 1.00 X 0 0 0 Michael Mooney 1.00 X 0 0 0 Thomas Murray 1.00 X X 0 0 0 Alison Muskat 1.00 X 0 0 0 Robert Campbell 1.00 X 0 0 0 David Dipasquale 1.00 X 0 0 0 Christopher Quinn 1.00 X 0 0 0 Gregg Ribatt 1.00 X 0 0 0 Scott Savitz 1.00 X 0 0 0 Daniel Schwartz 1.00 X 0 0 0 Larry Siff 1.00 X X 0 0 0 Nahum Shar 1.00 X 0 0 0 Diane Sullivan 1.00 X 0 0 0 Thomas Tarica 1.00 X 0 0 0 Greg Tunney 1.00 X 0 0 0 Jerome Turner 1.00 X 0 0 0 Ronald Fromm 1.00 X 0 0 0 Beverly Goldberg 1.00 X 0 0 0 James Issler 1.00 X 0 0 0 David Jay 1.00 X 0 0 0 Mary Kuconis 1.00 X 0 0 0 Joe Quaknine 1.00 X 0 0 0 Richard Paterno 1.00 X 0 0 0 Tobias Reiss Schmidt 1.00 X 0 0 0 Kevin Wulff 1.00 X 0 0 0 166849 0 20096 1 0 1 0 Sequence Event LLC 108 West 39th Street Suite 604 New York NY 10018 Event Planning 431733 RP Communications 855 Boylston Street Boston MA 02116 IT Communications 175836 2 1704865 1539498 3244363 674925 674925 2300000 2115765 184235 184235 184235 649744 1704865 853589 -203845 -203845 MISCELLANEOUS 900099 2845 2845 2845 3902523 862005 0 -203845 2537341 2537341 400976 222228 63547 115201 652673 311593 135370 205710 11053 8082 3799 -828 83061 39790 6576 36695 102411 52367 18926 31118 26501 961 25540 33300 33300 96482 96482 50182 50182 39734 19485 10982 9267 62834 35580 11097 16157 73375 40070 14686 18619 86319 43103 19683 23533 73078 70716 632 1730 -6 -6 101029 101029 22769 11706 5624 5439 CONSULTING EXPENSE 352496 292558 48854 11084 public awareness 156946 156946 Bad Debt Allowance 140001 140001 POSTAGE AND DELIVERY 49174 35397 3549 10228 173811 61221 82415 30175 5325540 3989326 822086 514128 290889 225676 2730438 1122540 71652 270051 3674764 1437999 2277502 2236765 17749639 19486552 10962256 11619422 34082376 34961006 69147 62267 182000 315297 109650 105822 360797 483386 X 8008007 7609906 1176724 2096202 24536848 24771512 33721579 34477620 34082376 34961006 -1423017 2179058 0 X 0 1 X 1 0 X 1893484 2333263 2849594 5896932 3244363 16217636 1893484 2333263 2849594 5896932 3244363 16217636 16217636 782863 499100 496531 584147 674925 3037566 5379 5042 4422 2845 17688 19272890 -1745997 0.84150 0.82390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25713572 234664 1666888 -747410 26867714 25566291 1670564 -786774 -736509 25713572 23461311 314231 2581286 -790537 25566291 22788405 114981 1303973 -746048 23461311 26526786 208670 -3218780 -728271 22788405 0.00000 0.92200 0.07800 0 0 546867 546867 2763369 1119451 1643918 364528 318548 45980 0 2236765 Alternative Hedge Fund 11619422 F 11619422 ANNUITIES PAYABLE 105822 105822 X 6081581 2179058 2179058 3902523 0 3902523 5325540 0 5325540 0 5325540 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: GAAP requires the evaluation of tax positions taken or expected to be taken in the Foundation's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold, along with accrued interest and penalties thereon, would be recorded as an expense in the current year financial statements. The Foundation has evaluated the tax positions taken in its previously filed returns and those expected to be taken in its 2012 returns and believes they are more-likely-than-not of being sustained if examined by Federal or Commonwealth tax authorities. The Foundation's 2009 through 2011 tax years remain subject to tax examination by Federal and Commonwealth tax authorities ANNUAL DINNER 2110028 1561420 548608 643877 New York Golf Outing 55080 41860 13220 27401 3 189501 101585 87916 182311 2354609 1704865 649744 853589 853589 -203845 ELBA MARCILLO 1466 MAIN STREET WALTHAM MA 02451 1 The Asia Foundation 465 California Street San Francisco CA 94104 941191246 501 (c)(3) 50000 Book Scholarship Support and In-Factory Occupational and Health Safety Training. RELIEF PAYMENTS 1797 1789931 BOOK SCHOLARSHIPS 350 747410 BOOK Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: RELIEF PAYMENTS - PAID DIRECTLY TO A CLIENT'S CREDITOR, IE. MORTGAGE LENDERS, UTILITY COMPANIES, CAR LENDERS, ETC. AND ARE APPLIED DIRECTLY TO THE CLIENTS ACCOUNT. SCHOLARSHIPS - APPLICATIONS ARE OUTSOURCED TO A CONSULTANT WHO DETERMINES WHICH STUDENTS QUALIFY FOR ASSISTANCE BASED ON THE ORGANIZATIONS ELIGIBLITY REQUIREMENTS. THEY MUST HAVE A DIRECT FAMILY MEMBER WHO HAS WORKED IN THE FOOTWEAR INDUSTRY OR THEY MUST HAVE WORKED THE PROPER AMOUNT OF TIME IN THE FOOTWEAR INDUSTRY. FEDERAL LAW STIPULATES THAT THE AMOUNT OF A STUDENT'S FINANCIAL ASSISTANCE MAY NOT EXCEED THEIR DEMONSTRATED FINANCIAL NEED. TO DETERMINE FINANCIAL NEED, WE DEDUCT THE STUDENTS ESTIMATED PARENTAL CONTRIBUTION FROM THE FAFSA STUDENT AID REPORT(WWW.FAFSA.GOV) AND THEIR SCHOLARSHIPS AND GRANTS FROM THE COST OF ATTENDANCE. ONCE THESE CALCULATIONS ARE COMPLETED THEN WE SCALE THE STUDENTS AWARDS BASED ON THEIR LENGTH OF TIME IN THE INDUSTRY AND HOW SUBSTANTIAL THEIR NEED IS. WE HAVE A SCHOLARSHIP BOARD COMMITTEE WHO REVIEWS THE FINAL INFORMATION AND RELEASES THE AWARDS. MONIES ARE PAID DIRECTLY TO THE SCHOOL THE STUDENT IS ATTENDING EVERY SEMESTER. 0 0 0 0 0 0 0 0 0 Neal Newman 166849 0 0 0 0 0 0 0 20096 0 186945 0 0 0 Form 990, Part VI, Section B, line 11 The 990 is presented to the audit committee during the presentation of the audited financial statements. After reviewing the 990 and all questions have been answered the return is accepted and approved for filing. Form 990, Part VI, Section B, line 12c All staff, directors and officers are required to annually disclose any conflicts of interest. The transactions and activities of the organization are monitored on an ongoing basis by managememnt, the board of directors and board appointed committees. Any conflicts that arise are dealt with according to the organization's detailed Conflict of Interest Policies. Form 990, Part VI, Section B, line 15 The compensation of the Executive Director is set by the organization's Compensation Committee based upon comparable compensation data for the same positon for organizations of similar size within our industry. The decision of the Compensation Committee is reviewed by the Board of Directors prior to being finalized. The compensation of all other staff is determined via a formal salary adminstration process. A job description is established for each position including knowledge, skills, and experiences required to perform the job. Each position is priced according to market data for like positions at similar sized entities. Annual increases are based on merit measured by appropriate indicators of job performance. Form 990, Part VI, Section C, line 19 All of the organizations governing documents, policies and financial statements are made available to the public upon direct request of the organization.