Supports emerging fashion designers through scholarships and grants while mobilizing the fashion industry to raise funds for global health, disaster relief, and social causes.
Supports emerging fashion designers through scholarships and grants while mobilizing the fashion industry to raise funds for global health, disaster relief, and social causes.
For fiscal year 2024 it reported $8.6M in revenue, $6.5M in expenses, and $36.9M in net assets.Pt I
Grants paid & assets · FY2024
Total revenue
$8.6M
Pt VIII · Ln 12
Total expenses
$6.5M
Pt IX · Ln 25
Net assets
$36.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.2M
Where spending went · Part IX cols B–D
85%
Program services $0.85 Management & general $0.06 Fundraising $0.09
Program efficiency
85%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
54.2mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▲ +59% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$8.6M
FY2024▲ +32%
$8.6M$4.3M$0
FY2020FY2024
Expenses
$6.5M
FY2024▲ +18%
$9.3M$4.6M$0
FY2020FY2024
Total assets
$37.9M
FY2024▲ +8%
$37.9M$18.9M$0
FY2020FY2024
Total liabilities
$931K
FY2024▲ +79%
$1.2M$609K$0
FY2020FY2024
Total revenue
$8.6M
Pt VIII · Ln 12
Total expenses
$6.5M
Pt IX · Ln 25
Net assets
$36.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.2M
Total assetsPt X · Ln 16$37.9M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III
Where the work happens
3 program services account for $5.5M of program spending, described in the organization's own filed words · FY2024.
01
Educational and professional development initiativesthe educational initiatives program is a professional and business development service of grants, scholarships and awards for design industry students,designers, and local ny fashion manufacturers.
$5.1Mprogram expense
02
Other campaigns and initiativesthrough campaigns and other industry initiatives the cfda foundation marshalls the goodwill and services of every element of the fashion industry to raise public awareness and funds for the breast cancer, HIV/AIDS, disaster relief and general causes, in the us and internationally.
$210Kprogram expense
03
50TH impact cfdaa board designated endowment to provide resource of money to meet industry needs, fund program initiatives, and provide general support to the organization's operations.
Steven Kolb’s $281K as CEO
is at the 94th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Steven Kolb · Reported title CEO · Highest reported compensation $281K · Total expenses $6.5M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.2M · Total expenses $6.5M
35%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
85%
—
—
Overhead ratio
6%
—
—
Fundraising cost ratio
10%
—
—
Revenue growth
32%
—
—
Legal fee ratio
3%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.
Sign-in is temporarily unavailable
Leave your email and we’ll let you know when you can finish signing in and follow
the organization.