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RUNWAY OF DREAMS FOUNDATION: Form 990EZ, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
RUNWAY OF DREAMS FOUNDATION (EIN 46-4077199)
Tax period
2025-01-01 to 2025-09-30
Filed
2026-08-14
IRS object ID
202622269349200642
Schema version
2025v4.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-08-14T20:01:18-05:00ReturnTs
Tax Period End2025-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN991856619PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172013ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464077199EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUNWAY OF DREAMS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRUNWBusinessNameControlTxt
Phone2127274200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 THIRD AVENUE 6TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROL KHOURYPersonNm
Person TitleCFOPersonTitleTxt
Phone2127274200PhoneNum
Signature2026-08-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT THOMPSETTPreparerPersonNm
PTINP00741490PTIN
Phone2125990100PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.RUNWAYOFDREAMS.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$184,747GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$183,073ContributionsGiftsGrantsEtcAmt
Other Revenue Total$1,674OtherRevenueTotalAmt
Total Revenue$184,747TotalRevenueAmt
Grants And Similar Amounts Paid$12,634GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$52,810SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$40,169FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$18,172OccupancyRentUtltsAndMaintAmt
Other Expenses Total$395,226OtherExpensesTotalAmt
Total Expenses$519,011TotalExpensesAmt
Excess Or Deficit For Year-$334,264ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$508,860NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$508,860OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY-$334,264NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$24,018BOYAmt
EOY$0EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$39,642BOYAmt
EOY$31,514EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$63,660BOYAmt
EOY$31,514EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$572,520BOYAmt
EOY$365,778EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$508,860BOYAmt
EOY-$334,264EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHROUGH EDUCATION, ADVOCACY, ADAPTIVE RUNWAY SHOWS, SCHOLARSHIPS, AND OUR NATIONAL NETWORK OF COLLEGE CLUBS , RUNWAY OF DREAMS CELEBRATE PEOPLE'S DIFFERENCES, CHALLENGE STEREOTYPES, AND ADVANCE ADAPTIVE & UNIVERSAL DESIGN WHILE CREATING OPPORTUNITIES FOR THE NEXT GENERATION OF INNOVATORS AND LEADERS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomADAPTIVE 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.DescriptionProgramSrvcAccomTxt
Grants And Allocations$12,634GrantsAndAllocationsAmt
Program Service Expenses$14,140ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$14,140TotalProgramServiceExpensesAmt
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MINDY SCHEIER
FOUNDER & CEO (THRU 09/25)40.00$0$0$0
CHRISTINE MCMAHON
PRES. & CEO, FEDCAP (AS OF 04/25)40.00$0$0$0
CAROL KHOURY
CFO - OFFICER (AS OF 04/25)40.00$0$0$0
KENNETH BREZENOFF
OFFICER (AS OF 04/25)40.00$0$0$0
DAWN ROBERTSON
TRUSTEE2.00$0$0$0
DANA NABEREZNY
TRUSTEE4.00$0$0$0
MATT LAUKAITIS
TRUSTEE2.00$0$0$0
LYDIA SMITH
TRUSTEE2.00$0$0$0
KATHRYN CORDES
TRUSTEE (THRU 09/25)2.00$0$0$0
PAUL ROSENGARD
TRUSTEE2.00$0$0$0
GARY SHEINBAUM
TRUSTEE2.00$0$0$0
DAVE STEVENS
TRUSTEE2.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptYes (1)ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCAROL KHOURYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 THIRD AVENUE 6TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Phone2127274200PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,085,636CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,342,207CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,135,711CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,024,457CurrentTaxYearMinus1YearAmt
Current Tax Year$183,073CurrentTaxYearAmt
Total$4,771,084TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,085,636CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,342,207CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,135,711CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,024,457CurrentTaxYearMinus1YearAmt
Current Tax Year$183,073CurrentTaxYearAmt
Total$4,771,084TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$43,896SubstantialContributorsTotAmt
Public Support Total170$4,727,188PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,438CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,624CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$699CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$517CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$4,278TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$210,524CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$125,893CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$129,177CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$62,574CurrentTaxYearMinus1YearAmt
Current Tax Year$1,674CurrentTaxYearAmt
Total$529,842TotalAmt
FieldValueIRS element (for citing)
Total Support$5,305,204TotalSupportAmt
Gross Receipts Rltd Activities$11,394GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89100PublicSupportCY170Pct
Public Support PY1700.87680PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationGROSS INCOME FROM FUNDRAISING EVENTS - 2021 AMOUNT: $ 210,524. 2022 AMOUNT: $ 125,893. 2023 AMOUNT: $ 129,177. 2024 AMOUNT: $ 61,185. 2025 AMOUNT: $ 0. MISCELLANEOUS REVENUE - 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 1,389. 2025 AMOUNT: $ 1,674.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: MISCELLANEOUS INCOME. AMOUNT: 1,674.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIPS/SUPPLIES. GRANTEE NAME: VARIOUS. GRANTEE ADDRESS: 633 THIRD AVENUE, 6TH FLOOR NEW YORK, NY 10017. AMOUNT GIVEN: 12,634.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: GOODWILL IMPAIRMENT. AMOUNT: 371,999. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 17,112. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 4,141. DESCRIPTION: INSURANCE. AMOUNT: 1,112. DESCRIPTION: RUNWAY EVENT FEES. AMOUNT: 670. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 192. TOTAL TO FORM 990-EZ, LINE 16: 395,226.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: INHERENT CONTRIBUTION & SATISFACTION OF LOAN PAYABLE UPON ACQUISITION. AMOUNT: 508,860.
FORM 990EZ, PART I, LINE 10THE RUNWAY OF DREAMS FOUNDATION IS COMMITTED TO ADVANCING INCLUSION AND OPPORTUNITY FOR PEOPLE WITH DISABILITIES WITHIN THE FASHION AND BEAUTY INDUSTRIES. AS PART OF THIS MISSION, THE FOUNDATION SUPPORTS THE NEXT GENERATION OF INNOVATORS AND LEADERS THROUGH SCHOLARSHIP PROGRAMS THAT ENCOURAGE THE DEVELOPMENT OF ADAPTIVE AND UNIVERSALLY DESIGNED APPAREL AND PRODUCTS. THE SCHOLARSHIPS ARE INTENDED TO FOSTER CREATIVE SOLUTIONS THAT INCREASE ACCESSIBILITY, INDEPENDENCE, AND SELF-EXPRESSION FOR INDIVIDUALS WITH DISABILITIES WHILE PROMOTING GREATER REPRESENTATION AND INCLUSION THROUGHOUT THE FASHION INDUSTRY. THROUGH THESE SCHOLARSHIP INITIATIVES, THE FOUNDATION INVESTS IN STUDENTS AND EMERGING DESIGNERS WHOSE WORK ADVANCES ADAPTIVE DESIGN AND CONTRIBUTES TO A MORE INCLUSIVE FUTURE. IN FY 25, THE FOUNDATION ISSUED $12,634 IN SCHOLARSHIPS AND OTHER PAYMENTS TO 21 INDIVIDUALS.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 31,514. DESCRIPTION: PLEDGES AND GRANTS RECEIVABLE . BEG. OF YEAR AMOUNT: 34,514. END OF YEAR AMOUNT: 0. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 2,100. END OF YEAR AMOUNT: 0. DESCRIPTION: INTANGIBLE ASSETS. BEG. OF YEAR AMOUNT: 2,304. END OF YEAR AMOUNT: 0. DESCRIPTION: EQUIPMENT. BEG. OF YEAR AMOUNT: 724. END OF YEAR AMOUNT: 0.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 212,500. DESCRIPTION: INTERCOMPANY PAYABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 119,185. DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 282,520. END OF YEAR AMOUNT: 34,093. DESCRIPTION: LOANS & OTHER PAYABLES . BEG. OF YEAR AMOUNT: 290,000. END OF YEAR AMOUNT: 0.
FORM 990EZ, PART V, LINE 34EFFECTIVE APRIL 1, 2025, THE FOUNDATION IMPLEMENTED AMENDED AND RESTATED BYLAWS IN CONNECTION WITH ITS AFFILIATION WITH THE FEDCAP GROUP, INC. PURSUANT TO THE AMENDED GOVERNANCE STRUCTURE, THE FEDCAP GROUP, INC. BECAME THE FOUNDATION'S SOLE MEMBER. THE AMENDED BYLAWS UPDATED THE FOUNDATION'S GOVERNANCE PROVISIONS, INCLUDING MEMBER RIGHTS, BOARD GOVERNANCE PROCEDURES, OFFICER APPOINTMENTS, COMMITTEE STRUCTURE, AND APPROVAL REQUIREMENTS FOR CERTAIN SIGNIFICANT ORGANIZATIONAL ACTIONS. THE FOUNDATION CONTINUES TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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