2025-06-16T14:15:59-05:00 2024-07-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-08-01 208513748 FASHION SCHOLARSHIP FUND FASH 2122780008 224 W 35TH STREET 500 NEW YORK NY 10001 PETER ARNOLD EXECUTIVE DIRECTOR 2122780008 2025-06-16 1 1 EVA MRUK P00543254 2122862600 2025-06-16 2023 2025-03-06 01:10:19Z MARC MASTRONARDI 224 W 35TH STREET 500 NEW YORK NY 10001 51792507 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. 33 32 8 130 0 0 3412129 3571795 0 0 413071 581241 -745048 -788821 3080152 3364215 1323029 1629577 0 0 1060986 1110606 102475 71150 495791 936232 1209108 3422722 4020441 -342570 -656226 25303770 26155903 601546 749527 24702224 25406376 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 3148315 1629577 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. 3148315 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 21 0 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 32 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 461413 0 34196 MARC MASTRONARDI CHAIRMAN 2.00 X X 0 0 0 JOHN TIGHE PRESIDENT 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 MIKE ALIC DIRECTOR 2.00 X 0 0 0 SAM ARCHIBALD DIRECTOR 2.00 X 0 0 0 KEITH BAPTISTA DIRECTOR THRU JUL 2024 2.00 X 0 0 0 CAROLYN D'ANGELO DIRECTOR 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 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 MATT LAUKAITIS DIRECTOR 2.00 X 0 0 0 JESSICA LOMAX DIRECTOR 2.00 X 0 0 0 MECCA MITCHELL 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 PAUL ROSENGARD DIRECTOR 2.00 X 0 0 0 HEATHER ROUSSEL DIRECTOR 2.00 X 0 0 0 EMILIE RUBINFELD DIRECTOR 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 THRU JUL 2024 2.00 X 0 0 0 AMANDA SMITH DIRECTOR 2.00 X 0 0 0 GENA SMITH DIRECTOR 2.00 X 0 0 0 CHIP THOMPSON DIRECTOR 2.00 X 0 0 0 LANA TODOROVICH DIRECTOR 2.00 X 0 0 0 JENNIFER VECCHIO DIRECTOR 2.00 X 0 0 0 MICHELLE WLAZLO DIRECTOR 2.00 X 0 0 0 MARIE COLLETTA DIRECTOR OF ED PROGRAMS 40.00 X 137459 0 25616 598872 0 59812 2 0 1 0 LIBERTY LOVES COMPANY LLC 112 CONNETT PLACE SOUTH ORANGE NJ 07079 PUBLIC RELATIONS SERVICES 204145 PINK CORNROWS LLC 415 GATES AVENUE APARTMENT 1R BROOKLYN NY 11216 PUBLIC RELATIONS AND DIVERSITY, EQUITY, 140000 STUDIO PRODUCTION 660 12TH AVENUE 5TH FLOOR NEW YORK NY 10019 GALA PRODUCTION SERVICES 129590 MARY GUILIANI CATERING 18 WEST 21ST STREET ROOM 202 NEW YORK NY 10010 GALA CATERING SERVICES 106890 4 1786000 1785795 3571795 422126 422126 47663214 47504099 159115 159115 159115 135372 1786000 924193 -788821 -788821 3364215 0 0 -207580 1629577 1629577 498461 299077 99692 99692 452808 230389 23421 198998 99368 54391 11130 33847 59969 37315 6717 15937 16715 16715 96575 9762 67498 19315 71150 71150 68844 68844 376533 345111 10955 20467 275180 275180 43037 4603 24277 14157 21079 10518 10145 416 86999 66729 10135 10135 29127 9824 8874 10429 18348 18348 6737 6737 11666 11666 6240 1248 3744 1248 STRATEGIC EXPENSE 130188 130188 BAD DEBT EXPENSE 12500 12500 EDUCATOR FORUM 5975 5975 ALUMNI PROGRAMS 3090 3090 275 275 4020441 3148315 376335 495791 21730 181884 99703 97669 98500 97500 0 19355 34998 19443 27221 15555 23920907 19710916 1083180 6033024 52529 0 25303770 26155903 577846 749527 23700 0 601546 749527 X 24602224 25306376 100000 100000 24702224 25406376 25303770 26155903 X -656226 1385378 -25000 X X 0 1 X 1 0 X 2125210 2236550 2991166 2997050 3571795 13921771 2125210 2236550 2991166 2997050 3571795 13921771 873997 13047774 146194 106170 164931 121691 422126 961112 981 427 1408 14884291 0.87660 0.92850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 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 3521227 1897775 5419002 2632280 888947 3521227 3233115 -600835 2632280 2284781 948334 3233115 2021947 262834 2284781 0.98155 0.01845 0.00000 0 0 34998 19443 15555 15555 MS ACCOUNT X7732 POST MODERN FID 3984459 F MS ACCOUNT X8163 PRIVATE CREDIT AND EQUITY FUNDS 2048565 F 6033024 X 4680749 1385378 1385378 3295371 68844 68844 3364215 3976597 25000 25000 3951597 68844 68844 4020441 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, 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF BAD DEBT EXPENSE 25,000. X X X X X X 1 MOIRA ARIEV 425 EAST 86TH ST NEW YORK NY 10028 DEVELOPMENT COMMUNICATIONS STRATEGY SUPPORT 0 0 71750 -71750 71750 -71750 NY GALA 1921372 1786000 135372 419551 117492 5000 382150 1921372 1786000 135372 419551 117492 5000 382150 924193 -788821 1 SCHOLARSHIPS AND TRAVEL REIMBURSEMENT 159 1579577 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 319413 0 142000 0 0 0 0 0 34196 0 495609 0 0 0 MARIE COLLETTA DIRECTOR OF ED PROGRAMS 137459 0 0 0 0 0 0 0 25616 0 163075 0 0 0 PART I, LINE 7 EXECUTIVE DIRECTOR, PETER ARNOLD 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 2023. 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 XI, LINE 9: WRITE-OFF OF BAD DEBT EXPENSE -25,000. 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.