2024-06-17T14:20:46-05:00 2023-07-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-08-01 208513748 FASHION SCHOLARSHIP FUND FASH 2122780008 224 W 35TH STREET 500 NEW YORK NY 10001 PETER ARNOLD EXECUTIVE DIRECTOR 2122780008 2024-06-17 1 PETER ARNOLD XXX-XX-XXXX 1 EVA MRUK P00543254 2122862600 2024-06-17 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARC MASTRONARDI 224 W 35TH STREET 500 NEW YORK NY 10001 117980298 0 X WWW.FASHIONSCHOLARSHIPFUND.ORG X 2006 NY TO PROMOTE EDUCATION OF THE FASHION ARTS AND BUSINESS BY GRANTING SCHOLARSHIPS TO TALENTED STUDENTS AND FACILITATING INTERNSHIPS, MENTORSHIPS, AND CAREER PROGRAMS. 34 33 7 130 0 0 21140054 3412129 0 0 173885 413071 -307002 -745048 21006937 3080152 1099019 1323029 0 0 914306 1060986 0 102475 525401 836548 936232 2849873 3422722 18157064 -342570 25057087 25303770 531183 601546 24525904 24702224 TO ADVANCE THE FASHION INDUSTRY BY ENCOURAGING GIFTED AND ENTERPRISING YOUNG PEOPLE TO PURSUE CAREERS IN DESIGN, MERCHANDISING, RETAILING AND BUSINESS, ENSURING THE INDUSTRY WILL CONTINUE TO ATTRACT DEDICATED AND CAPABLE INDIVIDUALS. 0 0 2548006 1323029 0 AS THE PREMIER EDUCATIONAL FASHION NON-PROFIT IN THE UNITED STATES, THE FASHION SCHOLARSHIP FUND SEEKS TO IDENTIFY AND CREATE CAREER OPPORTUNITIES FOR YOUNG PEOPLE WORLDWIDE. THE ORGANIZATION GRANTS THE SINGLE LARGEST SUM OF MONEY AND TOTAL NUMBER OF SCHOLARSHIPS IN THE ENTIRE FASHION COMMUNITY, SUPPLEMENTING FINANCIAL SUPPORT WITH A RICH CURRICULUM OF COMPREHENSIVE, INDUSTRY-LEADING PROGRAMS FOR SCHOLARS, OFFERING HANDS-ON EXPERIENCE WITH THE WORLD'S TOP FASHION COMPANIES AND MOST INFLUENTIAL LEADERS. 2548006 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X X PETER ARNOLD 2122780008 224 W 35TH STREET 500 NEW YORK NY 10001 PETER ARNOLD EXECUTIVE DIRECTOR, SECRETARY 40.00 X X 363846 0 31979 MARC MASTRONARDI CHAIRMAN 2.00 X X 0 0 0 JOHN TIGHE PRESIDENT 2.00 X X 0 0 0 JENNIFER VECCHIO PRESIDENT THRU APR 2023 DIR. AFTER 2.00 X X 0 0 0 YEHUDA SHMIDMAN VICE PRESIDENT 2.00 X X 0 0 0 HEATH GOLDEN TREASURER 2.00 X X 0 0 0 PAUL ROSENGARD TREASURER THRU APR 2023 DIR. AFTER 2.00 X X 0 0 0 MIKE ALIC DIRECTOR 2.00 X 0 0 0 SAM ARCHIBALD DIRECTOR 2.00 X 0 0 0 KEITH BAPTISTA DIRECTOR 2.00 X 0 0 0 GLEN ELLEN BROWN DIRECTOR THRU APR 2023 2.00 X 0 0 0 CAROLYN D'ANGELO DIRECTOR 2.00 X 0 0 0 JUNE DEFABIO DIRECTOR THRU APR 2023 2.00 X 0 0 0 ABBEY DONEGER DIRECTOR THRU APR 2023 2.00 X 0 0 0 NATA DVIR DIRECTOR 2.00 X 0 0 0 HOWARD FELLER DIRECTOR 2.00 X 0 0 0 MIKE FRALIX DIRECTOR 2.00 X 0 0 0 KIERA GANANN DIRECTOR 2.00 X 0 0 0 GEORGIE GREVILLE DIRECTOR THRU APR 2023 2.00 X 0 0 0 ALEX GRINBERG DIRECTOR 2.00 X 0 0 0 CELESTE GUDAS DIRECTOR 2.00 X 0 0 0 STACIE HENDERSON-CAPECE MINUTOLO DIRECTOR 2.00 X 0 0 0 DAVID KATZ DIRECTOR 2.00 X 0 0 0 MITCHELL KONSKER DIRECTOR THRU APR 2023 2.00 X 0 0 0 MATT LAUKAITIS DIRECTOR 2.00 X 0 0 0 JESSICA LOMAX DIRECTOR 2.00 X 0 0 0 DEBRA MALBIN DIRECTOR THRU APR 2023 2.00 X 0 0 0 KAREN MURRAY DIRECTOR 2.00 X 0 0 0 KENNETH NOLAN DIRECTOR 2.00 X 0 0 0 DAN ORWIG DIRECTOR 2.00 X 0 0 0 KRISTIN REHBERG DIRECTOR 2.00 X 0 0 0 HEATHER ROUSSEL DIRECTOR 2.00 X 0 0 0 PETER SACHSE DIRECTOR THRU JUL 2023 2.00 X 0 0 0 MICHAEL SETOLA DIRECTOR 2.00 X 0 0 0 STANLEY SILVERSTEIN DIRECTOR 2.00 X 0 0 0 DAVID SIRKIN DIRECTOR 2.00 X 0 0 0 AMANDA SMITH DIRECTOR 2.00 X 0 0 0 GENA SMITH DIRECTOR FROM JULY 2023 2.00 X 0 0 0 WILLIAM SUSMAN DIRECTOR THRU JUL 2023 2.00 X 0 0 0 CHIP THOMPSON DIRECTOR 2.00 X 0 0 0 LANA TODOROVICH DIRECTOR 2.00 X 0 0 0 ELECTA VARNISH DIRECTOR THRU APR 2023 2.00 X 0 0 0 MICHELLE WLAZLO DIRECTOR 2.00 X 0 0 0 KENNETH WYSE DIRECTOR THRU APR 2023 2.00 X 0 0 0 MARIE COLLETTA DIRECTOR OF ED PROGRAMS 40.00 X 128459 0 0 ANYA R KAPLAN HEAD OF OPERATIONS AND EVENTS 40.00 X 105769 0 0 598074 0 31979 3 0 1 0 LIBERTY LOVES COMPANY LLC 112 CONNETT PLACE SOUTH ORANGE NJ 07079 PUBLIC RELATIONS SERVICES 207074 STUDIO PRODUCTION 660 12TH AVENUE 5TH FLOOR NEW YORK NY 10019 GALA PRODUCTION SERVICES 122230 MOIRA ARIEV 425 EAST 86TH STREET 8D NEW YORK NY 10028 DEVELOPMENT COMMUNICATIONS STRATEGY SUPP 113500 3 1654000 1758129 3412129 121691 121691 114324300 114032920 291380 291380 291380 122178 1654000 867226 -745048 -745048 3080152 0 0 -331977 1323029 1323029 495615 297369 99123 99123 414767 220009 15980 178778 92077 58328 9818 23931 58527 38449 4303 15775 5340 5340 108400 14340 72380 21680 102475 102475 43014 43014 222300 168820 5330 48150 279498 279498 40318 8248 21917 10153 24547 7626 15559 1362 111348 68540 21404 21404 33981 25708 6205 2068 16615 16615 7777 7777 2509 502 1505 502 BAD DEBT EXPENSE 25000 25000 ALUMNI PROGRAMS 13085 13085 EDUCATOR FORUM 2500 2500 3422722 2548006 349315 525401 377840 21730 15689684 99703 17500 98500 9000 0 34998 7777 0 27221 8826182 23920907 112052 1083180 24829 52529 25057087 25303770 404087 577846 116358 0 10738 23700 531183 601546 X 24425904 24602224 100000 100000 24525904 24702224 25057087 25303770 -342570 518890 0 X X 0 1 X 1 0 X 2817182 2125210 2236550 2991166 3022050 13192158 2817182 2125210 2236550 2991166 3022050 13192158 296533 12895625 146948 146194 106170 164931 121691 685934 9683 981 427 11091 13889183 0.92850 0.92150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 9,683. 2019 AMOUNT: $ 981. 2020 AMOUNT: $ 427. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: ACADEMIC SCHOLARSHIPS DATE: 07/31/22 AMOUNT: 18148888. DESCRIPTION: ACADEMIC SCHOLARSHIPS DATE: 07/31/23 AMOUNT: 390079. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2632280 888947 3521227 3233115 -600835 2632280 2284781 948334 3233115 2021947 262834 2284781 1845193 176754 2021947 0.97160 0.02840 0.00000 0 0 34998 7777 27221 27221 LEASE LIABILITY 23700 23700 X 3556028 518890 518890 3037138 43014 43014 3080152 3379708 0 3379708 43014 43014 3422722 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF A DONOR DESIGNATED FUND AND A BOARD DESIGNATED FUND THAT WERE ESTABLISHED TO PROVIDE A CONTINUOUS INCOME STREAM TO SUPPORT THE ORGANIZATION'S OPERATIONS. PART X, LINE 2: FSF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT FSF HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FSF IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO JULY 31, 2020. X X X X X X 1 MOIRA ARIEV 425 EAST 86TH ST NEW YORK NY 10028 DEVELOPMENT COMMUNICATIONS STRATEGY SUPPORT 0 0 102475 -102475 102475 -102475 NY GALA 1776178 1654000 122178 353332 113051 5000 395843 1776178 1654000 122178 353332 113051 5000 395843 867226 -745048 1 SCHOLARSHIPS AND TRAVEL REIMBURSEMENT 134 1273029 ACCELERATOR GRANT 1 50000 PART I, LINE 2: FULL-TIME STUDENTS ENROLLED AT ONE OF 74 MEMBER SCHOOLS LISTED ON THE FSF WEBSITE WHO ARE PURSUING CAREERS IN THE FASHION INDUSTRY ARE ELIGIBLE TO RECEIVE SCHOLARSHIPS. IN ADDITION, FULL-TIME, UNDERGRADUATE STUDENTS FROM SCHOOLS THAT ARE NOT FSF MEMBER SCHOOLS, BUT WHO OTHERWISE MEET THE FSF SCHOLARSHIP ELIGIBILITY REQUIREMENTS, MAY COMPETE FOR THE FSF AND VIRGIL ABLOH "POST-MODERN" SCHOLARSHIPS. THE SCHOLARSHIPS ARE REMITTED TO THE STUDENTS. A LETTER ACCOMPANIES THE AWARD ANNOUNCEMENT NOTIFYING THE STUDENT AND THE RESPECTIVE FACULTY MEMBER FROM THE STUDENT'S SCHOOL OF HOW THE MONEY IS TO BE USED. ACADEMIC PERFORMANCE OF SCHOLARSHIP RECIPIENTS IS MONITORED FOR ELIGIBILITY. APPLICATIONS ARE EVALUATED BY A PANEL OF INDUSTRY LEADERS. THE GRANT IS AWARDED TO THE RECIPIENT EQUITY-FREE. X X X 0 0 0 0 0 0 0 1 0 PETER ARNOLD EXECUTIVE DIRECTOR, SECRETARY 303846 0 60000 0 0 0 0 0 31979 0 395825 0 0 0 PART I, LINE 7 EXECUTIVE DIRECTOR, PETER ARNOLD AND DIRECTOR OF EDUCATION PROGRAMS, MARIE COLLETTA RECEIVED A PERFORMANCE BASED BONUS WITHIN THE APPROVED BUDGET, AS REPORTED ON SCHEDULE J, PART II, COLUMN B(II) AND INCLUDED ON FORM 990, PART VII, COLUMN (D). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED ON DATA PROVIDED BY THE ORGANIZATION, AND IS REVIEWED BY THE ORGANIZATION'S TREASURER AND EXECUTIVE DIRECTOR. A COMPLETE COPY OF FORM 990 WAS ELECTRONICALLY PROVIDED TO THE FULL BOARD PRIOR TO THE FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES MEMBERS OF THE BOARD OF GOVERNORS, OFFICERS AND EMPLOYEES TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH THE GOVERNING BOARD. CONFLICTS ARE REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD AND THE PERSON WITH THE CONFLICT IS NOT PERMITTED TO BE PRESENT OR PARTICIPATE IN THE DELIBERATIONS OR VOTING. ON AN ANNUAL BASIS, EACH GOVERNOR IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AFTER A THOROUGH REVIEW PROCESS AGAINST MEASURABLE GOALS. THE COMMITTEE UTILIZES COMPENSATION DATA FROM SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS TO DETERMINE COMPENSATION. THE MEETINGS OF THE EXECUTIVE COMMITTEE OF THE BOARD ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.