TORY BURCH FOUNDATION INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
TORY BURCH FOUNDATION INC (EIN 26-3660127)
Tax period
2009-10-01 to 2010-09-30
Filed
2011-08-11
IRS object ID
201122239349301977
Schema version
2009v1.7
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

FieldValueIRS element (for citing)
Timestamp2011-08-11T14:04:45-05:00Timestamp
Tax Period End Date2010-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Elliot Horowitz & Company LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1675 Third AvenueAddressLine1
CityNew YorkCity
StateNYState
ZIP Code10017ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN263660127EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1TORY BURCH FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlTORYNameControl
Phone2126832323Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 WEST 19TH STREET 7TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10011ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameROBERT ISENName
TitleTREASURERTitle
Phone2126832323Phone
Date Signed2011-08-09DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameElliot HorowitzName
Phone2129727500Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonROBERT ISENNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line111 WEST 19TH STREET 7TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10011ZIPCode
FieldValueIRS element (for citing)
Gross Receipts630337GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web Sitehttp://toryburchfoundation.orgWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2009YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission Descriptionnon-profit 501(C)3 organization that provides economic opportunity to women and their families in the United StatesActivityOrMissionDescription
Nbr Voting Members Governing Body3NbrVotingMembersGoverningBody
Nbr Independent Voting Members3NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year307237ContributionsGrantsPriorYear
Contributions Grants Current Year624103ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year343InvestmentIncomePriorYear
Investment Income Current Year576InvestmentIncomeCurrentYear
Other Revenue Current Year-10349OtherRevenueCurrentYear
Total Revenue Prior Year307580TotalRevenuePriorYear
Total Revenue Current Year614330TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year30000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY210000GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year69730TotalFundrsngExpCurrentYear
Other Expense Prior Year207046OtherExpensePriorYear
Other Expenses Current Year240491OtherExpensesCurrentYear
Total Expenses Prior Year237046TotalExpensesPriorYear
Total Expenses Current Year450491TotalExpensesCurrentYear
Revenues Less Expenses Prior Year70534RevenuesLessExpensesPriorYear
Revenues Less Expenses CY163839RevenuesLessExpensesCY
Total Assets BOY87898TotalAssetsBOY
Total Assets EOY434595TotalAssetsEOY
Total Liabilities BOY17364TotalLiabilitiesBOY
Total Liabilities EOY200222TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY70534NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY234373NetAssetsOrFundBalancesEOY
Mission DescriptionNon-profit 501(c)3 organization committed to providing economic opportunity to women and their families in the United StatesMissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense292421Expense
Grants210000Grants
DescriptionThe Tory Burch Foundation works with ACCION USA to provide microfinance to women micro-entrepreneurs. The Tory Burch Foundation also advocates for microfinance and women's entrepreneurship opportunities on a national level.Description
Total Program Service Expense292421TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Balance Sheet Amounts Reported0BalanceSheetAmountsReported
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp1OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required0ScheduleORequired
Number Forms Transmitted With10961NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Nbr Voting Governing Body Members3NbrVotingGoverningBodyMembers
Number Independent Voting Members3NumberIndependentVotingMembers
Family Or Business Relationship1FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1The OrganizationBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2126832323TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line111 WEST 19TH STREET 7TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10011ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
TORY BURCH
PRESIDENT1.00XX000
ROBERT ISEN
TREASURER1.00XX000
JAMES ROBINSON
SECRETARY1.00XX000
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1THR GLOBAL PHILANTHROPY GROUPBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11500 FOURTH AVE SUITE 600AddressLine1
CitySEATTLECity
StateWAState
ZIP Code98101ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesCONSULTING SERVICESDescriptionOfServices
Compensation194220Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K
Fundraising Events39472FundraisingEvents
All Other Contributions584631AllOtherContributions
Total Contributions624103TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column576TotalRevenueColumn
Related Or Exempt Function Income576RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Gross Income Fundraising Events5658GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events39472CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses16007FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column-10349TotalRevenueColumn
Exclusion-$10,349ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column614330TotalRevenueColumn
Related Or Exempt Function Income576RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion-$10,349ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total210000Total
Program Services210000ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total14061Total
Management And General14061ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total2531Total
Program Services2531ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total5190Total
Program Services1730ProgramServices
Management And General1730ManagementAndGeneral
Fundraising1730Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total8929Total
Program Services4744ProgramServices
Management And General4185ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
CONSULTING FEES204000680006800068000
WEBSITE50335033
EVENTS383383
FILING FEES340340
MISCELLANEOUS2424

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total450491Total
Program Services292421ProgramServices
Management And General88340ManagementAndGeneral
Fundraising69730Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY78688BOY
EOY213900EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY7137BOY
EOY199394EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY2073BOY
EOY21301EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY87898BOY
EOY434595EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY17364BOY
EOY20222EOY

Grants Payable GrantsPayable

FieldValueIRS element (for citing)
EOY180000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY17364BOY
EOY200222EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY63397BOY
EOY34979EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY7137BOY
EOY199394EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY70534BOY
EOY234373EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY87898BOY
EOY434595EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year307237CurrentTaxYearMinus1Year
Current Tax Year629761CurrentTaxYear
Total936998Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year307237CurrentTaxYearMinus1Year
Current Tax Year629761CurrentTaxYear
Total936998Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total706210AmountsSubstContributorsTotal
Public Support Total170230788PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year343CurrentTaxYearMinus1Year
Current Tax Year576CurrentTaxYear
Total919Total
FieldValueIRS element (for citing)
Total Support937917TotalSupport
First5 Years170XFirst5Years170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings
Total Revenue614330TotalRevenue
Total Expenses450491TotalExpenses
Excess Or Deficit For Year163839ExcessOrDeficitForYear
Total Adjustments0TotalAdjustments
Excess Or Deficit Per FS163839ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt642337TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities12000DonatedSrvcAndUseOfFacilities
Other Revenues16007OtherRevenues
Revenue Not Rptd F99028007RevenueNotRptdF990
Revenue Subtotal614330RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990614330TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt478498TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities12000DonatedServicesUseOfFacilities
Other Expenses Included16007OtherExpensesIncluded
Expenses Not Rptd F99028007ExpensesNotRptdF990
Expenses Subtotal450491ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form990450491TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
ExplanationPART XII AND XIII LINE 2D INCLUDES DIRECT EXPENSES FROM FUNDRAISING EVENTS WHICH ARE REPORTED AS A REDUCTION OF TOTAL REVENUE IN THE TAX RETURNExplanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1HAMPTONS EVENTNameOfEvent1
Gross Receipts Event145130GrossReceiptsEvent1
Charitable Contributions Event139472CharitableContributionsEvent1
Gross Revenue Event15658GrossRevenueEvent1
Other Direct Expenses Event116007OtherDirectExpensesEvent1
Gross Receipts Total45130GrossReceiptsTotal
Charitable Contributions Total39472CharitableContributionsTotal
Gross Revenue Total Events5658GrossRevenueTotalEvents
Other Direct Expenses Total Events16007OtherDirectExpensesTotalEvents
Direct Expense Summary Events16007DirectExpenseSummaryEvents
Net Income Summary-10349NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1ACCION USA INCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1115 E 23RD STREET 7AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10010ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient113317234EINOfRecipient
IRC Section501(C)(3)IRCSection
Amount Of Cash Grant210000AmountOfCashGrant
Purpose Of GrantWILL BE LOANED BY ACCION USA, INC TO QULIFYING ENTREPRENEURS IN THE FORM OF MICRO-BUSINESS LOANSPurposeOfGrant
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierOther Information:Identifier
Return ReferencePart IV:ReturnReference
ExplanationFOUNDATION REPRESENTATIVES MEET WITH ACCION USA PERSONNEL ON AT LEAST AN ANNUAL BASISExplanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1TORY BURCH LLCBusinessNameLine1
FieldValueIRS element (for citing)
RelationshipCEO OF TORY BURCH LLC IS ALSO PRESIDENT OF TORY BURCH FOUNDATIONRelationship
Amount Of Transaction3699AmountOfTransaction
Description Of TransactionPURCHASED MERCHANDISEDescriptionOfTransaction
Sharing Of Revenues0SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierExplanationExplanation
Form 990, Part VI, Section A, line 2ROBERT ISEN (TREASURER) IS THE BROTHER OF TORY BURCH (PRESIDENT) AND JAMES ROBINSON (SECRETARY)
Form 990, Part VI, Section A, line 3THE GLOBAL PHILANTHROPY GROUP
Form 990, Part VI, Section B, line 11Each member of the Board reviews the 990 prior to filing.
Form 990, Part VI, Section C, line 19The governing documents and financial statements are available by contacting the Organization's offices and which time appropriate access will be provided.
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.

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