Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $71K paid to officers and key staff.
Kim Van Der Weerd’s $51K as Director is at the 32nd percentile of top reported officer pay among 1989 $100K–1M environment 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Kim Van Der Weerd | $51,388 | $42,261 |
| Emily Olah | $20,000 | $44,000 |
| Miguel Sanchez | — | $32,564 |
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.
See Transformers Foundation INC executive salaries →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
Advocates for positive change and sustainability within the global denim industry.
Questions for Transformers Foundation INC
Your first name shows with your question. Transformers Foundation INC answers here, for everyone.
Education
Transformers foundation works with educational institutions and industry to bring together a conference series, where we teach students the denim supply chain, focusing on each area from fiber through to finish garment processing.
Research & Writing
The transformers foundation selects one subject for a deep dive research paper on one subject. 2020 research paper was focused on the ethical purchasing practices in the denim supply chain through COVID-19. This paper also highlighted the power unbalance between BRANDS/BUYERS and their suppliers.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $17K | $11K |
| Total assetsLn 16 | $132K | $140K |
| LiabilitiesLn 26 | $98K | $129K |
| Net assetsLn 32 | $34K | $11K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $8K | $8K | ||
| Accounting feesLn 11c | $20K | $20K | ||
| Other fees for servicesLn 11g | $165K | $144K | $8K | $12K |
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $80K | $68K | $371 | $12K |
| Total functional expensesLn 25 | $274K | $212K | $37K | $24K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Jul 1, 2025 | $247K | $274K | −$27K | $11K | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2024 | $325K | $439K | −$114K | $34K | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $299K | $292K | $7K | $152K | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $306K | $234K | $73K | $145K | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $221K | $149K | $72K | $72K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $246,889 revenue, 12 lines filed
Part VI · Governance 0 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $246,889 across 5 lines filed
Part IX · Statement of functional expenses $273,729 across 5 lines filed
Part X · Balance sheet $140,242 assets, 9 lines filed
Part XI · Reconciliation of net assets $10,921 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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