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Licensing International Foundation INC

Tax-deductible

New York, NY501(c)(3)Foundations & Grantmakers EIN 81-4406324Revenue $191K in FY2024

On file with the IRSlicensing.org1350 Broadway Rm 1710, 10018-0900 · New York, NYTax-exempt since Sep 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Licensing International Foundation, INC. (the organization") is a public charity formed to provide charitable giving to qualifying nonprofit organizations. In addition, through its small business global grants fund, the organization will provide grants to qualifying small brand Licensing businesses struggling in the worldwide pandemic. The purpose of the grants provided is to assist qualifying brand Licensing businesses to create and maintain safe, healthy, and sustainable work environments during and beyond the global pandemic.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $55K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $52K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$63K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
-23% vs prior year
Spent
$193K
To programs
81%
Net assets
$272K
By yearFY2020–FY2024
Revenue
$191K
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$126K
FY2022$221K
FY2023$249K
FY2024$191K
Expenses
$193K
FY2024▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$59K
FY2021$94K
FY2022$43K
FY2023$239K
FY2024$193K
Net assets
$272K
FY2024▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$52K
FY2021$84K
FY2022$263K
FY2023$273K
FY2024$272K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $156K Management & general 19% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Ted Larkins
Director
$0Pt VII · Sec A
Eric Morse
Director
$0Pt VII · Sec A
Maca Rotter
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Buzby
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Carla Silva
Director
$0Pt VII · Sec A
Roz Nowicki
Director
$0Pt VII · Sec A
See Licensing International Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to qualifying small brand licensing businesses and other nonprofits.

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Provided by the organization

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1 program · $156K · in their own filed words · FY2024
01

Licensing international scholarship program awards scholarships for amounts between $2,500 and $15,000 (or local equivalent) to deserving individuals who are interested in a career in brand licensing seeking education in business, e-commerce, marketing, design, engineering, entrepreneurial studies and other brand licensing…

$156Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
American Online Giving Foundation INCFY2024$35K
Donor Advised Charitable Giving INCFY2024$10K
Fidelity Investments Charitable Gift FundFY2024$6K
Gale Family Foundation INCFY2024$1K
Total grants receivedfrom 4 funders$52K
See all 4 funders →
Grants paid · 2 grants · $122K · 2024–2024
Unitemized GrantFY2024$110,000
Yma Fashion Scholarship FundNY · FY2024$12,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$360K
Money outPt IX
$193K
Ln 25
Programscol B$156K
Managementcol C$37K
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$334K
LiabilitiesLn 26$63K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$360K
Fundraising eventsLn 1c$282K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$279K
Cash and savings togetherLn 1–2$279K
Total assetsLn 16$334K
LiabilitiesLn 26$63K
Net assetsLn 32$272K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$181K$279K
Total assetsLn 16$297K$334K
LiabilitiesLn 26$24K$63K
Net assetsLn 32$273K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K$18K
Grants to domestic individualsLn 2$110K$110K
Grants and assistance to foreign recipientsLn 3$29K$29K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$6K$6K
InsuranceLn 23$627$627
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$193K$156K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $191K$193K−$2K$272K 990 PDF
FY2023 $249K$239K$11K$273K 990 PDF
FY2022 $221K$43K$179K$263K 990 PDF
FY2021 $126K$94K$32K$84K 990 PDF
FY2020 $112K$59K$53K$52K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $191,467 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $403,345$359,897
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$154,249−$168,430
I-12 Total revenuePrior year $249,096$191,467
I-13 Grants and similar amounts paidPrior year $195,000$156,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $43,506$36,512
I-18 Total expensesPrior year $238,506$193,012
I-19 Revenue less expensesPrior year $10,590−$1,545
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $191,467 across 5 lines filed
VIII-1c Fundraising events$282,225
VIII-1f All other contributions, gifts and grants$77,672
VIII-1h Total contributions, gifts and grants$359,897
VIII-8 Net income from fundraising eventsExcluded from tax −$168,430−$168,430
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$168,430$191,467
Part IX · Statement of functional expenses $193,012 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $17,500$17,500
IX-2 Grants to domestic individualsPrograms $110,000$110,000
IX-3 Grants and assistance to foreign recipientsPrograms $29,000$29,000
IX-11c Accounting feesManagement $16,800$16,800
IX-11g Other fees for servicesManagement $1,000$1,000
IX-13 Office expensesManagement $6,193$6,193
IX-23 InsuranceManagement $627$627
IX-24 Other expenses (24a–d)Management $11,892$11,892
IX-25 Total functional expensesPrograms $156,500 · Management $36,512 · Fundraising $0$193,012
Part X · Balance sheet $334,173 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $181,293$279,462
X-3 Pledges and grants receivableStart of year $29,701$9,851
X-4 Accounts receivableStart of year $60,499$34,860
X-9 Prepaid expenses and deferred chargesStart of year $25,120$10,000
X-16 Total assetsStart of year $296,613$334,173
X-17 Accounts payable and accrued expensesStart of year $23,511$62,616
X-26 Total liabilitiesStart of year $23,511$62,616
X-27 Net assets without donor restrictionsStart of year $171,651$246,557
X-28 Net assets with donor restrictionsStart of year $101,451$25,000
X-32 Total net assets or fund balancesStart of year $273,102$271,557
X-33 Total liabilities and net assetsStart of year $296,613$334,173
Part XI · Reconciliation of net assets $271,557 net assets at year end
XI-1 Total revenue$191,467
XI-2 Total expenses$193,012
XI-3 Revenue less expenses−$1,545
XI-4 Net assets at start of year$273,102
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$271,557

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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