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Employer Identification Number 13-5675757

THE FASHION INSTITUTE OF TECHNOLOGY FOUNDATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:THE FASHION INSTITUTE OF TECHNOLOGY FOUNDATION
Employer identification number (EIN):13-5675757
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration THE FASHION INSTITUTE OF TECHNOLOGY FOUNDATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE ORGANIZATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.
Number of Employees16
Number of Volunteers25
Year Formed1944

Organization Governance

Legal DomicileNY
Voting Members - Governing Body23
Voting Members - Independent22

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,062,603
Investment Income from current yearUSD $ 1,678,836
Other Revenue from prior yearUSD $ -194,470
Other Revenue from current yearUSD $ -182,853
Gross receipts from all sourcesUSD $ 26,068,730
Net assets / fund balances at end of fiscal yearUSD $ 67,677,042
Net assets / fund balances at beginning of fiscal yearUSD $ 64,802,018
Total liabilities at end of fiscal yearUSD $ 1,319,027
Total liabilities at beginning of fiscal yearUSD $ 1,436,354
Total assets at end of fiscal yearUSD $ 68,996,069
Total assets at beginning of fiscal yearUSD $ 66,238,372
Revenues less expenses for current yearUSD $ -356,609
Revenues less expenses for previous yearUSD $ 8,003,902
Total expenses for current yearUSD $ 5,608,981
Total expenses for previous yearUSD $ 3,861,294
Other expenses in current yearUSD $ 2,130,500
Other expenses in previous yearUSD $ 1,080,430
Total fundraising expenses in current yearUSD $ 134,556
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 37,637
Employee salary and benefits paid in current yearUSD $ 1,144,697
Employee salary and benefits paid in previous yearUSD $ 994,981
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,333,784
Grants and similar amounts paid in previous yearUSD $ 1,748,246
Total revenue in current fiscal yearUSD $ 5,252,372
Total revenue in previous fiscal yearUSD $ 11,865,196
Contributions and grants from current yearUSD $ 3,756,389
Contributions and grants from previous yearUSD $ 8,997,063
Gross income from fundraising eventsUSD $ 162,438
Revenue from membership duesUSD $ 54,350
2022-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 2,738,741
Investment Income from current yearUSD $ 3,062,603
Other Revenue from prior yearUSD $ -57,698
Other Revenue from current yearUSD $ -194,470
Gross receipts from all sourcesUSD $ 23,658,824
Net assets / fund balances at end of fiscal yearUSD $ 64,802,018
Net assets / fund balances at beginning of fiscal yearUSD $ 64,451,191
Total liabilities at end of fiscal yearUSD $ 1,436,354
Total liabilities at beginning of fiscal yearUSD $ 1,874,755
Total assets at end of fiscal yearUSD $ 66,238,372
Total assets at beginning of fiscal yearUSD $ 66,325,946
Revenues less expenses for current yearUSD $ 8,003,902
Revenues less expenses for previous yearUSD $ 1,226,638
Total expenses for current yearUSD $ 3,861,294
Total expenses for previous yearUSD $ 3,682,682
Other expenses in current yearUSD $ 1,080,430
Other expenses in previous yearUSD $ 795,544
Total fundraising expenses in current yearUSD $ 116,744
Professional fundraising fees from current yearUSD $ 37,637
Professional fundraising fees from previous yearUSD $ 31,250
Employee salary and benefits paid in current yearUSD $ 994,981
Employee salary and benefits paid in previous yearUSD $ 1,132,337
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,748,246
Grants and similar amounts paid in previous yearUSD $ 1,723,551
Total revenue in current fiscal yearUSD $ 11,865,196
Total revenue in previous fiscal yearUSD $ 4,909,320
Contributions and grants from current yearUSD $ 8,997,063
Contributions and grants from previous yearUSD $ 2,228,277
Gross income from fundraising eventsUSD $ 232,945
Revenue from membership duesUSD $ 37,323
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,128,193
Investment Income from current yearUSD $ 2,738,741
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ -57,698
Gross receipts from all sourcesUSD $ 20,444,816
Net assets / fund balances at end of fiscal yearUSD $ 64,451,191
Net assets / fund balances at beginning of fiscal yearUSD $ 55,312,010
Total liabilities at end of fiscal yearUSD $ 1,874,755
Total liabilities at beginning of fiscal yearUSD $ 2,729,379
Total assets at end of fiscal yearUSD $ 66,325,946
Total assets at beginning of fiscal yearUSD $ 58,041,389
Revenues less expenses for current yearUSD $ 1,226,638
Revenues less expenses for previous yearUSD $ 3,994,764
Total expenses for current yearUSD $ 3,682,682
Total expenses for previous yearUSD $ 4,588,818
Other expenses in current yearUSD $ 795,544
Other expenses in previous yearUSD $ 1,110,365
Total fundraising expenses in current yearUSD $ 74,271
Professional fundraising fees from current yearUSD $ 31,250
Professional fundraising fees from previous yearUSD $ 161,579
Employee salary and benefits paid in current yearUSD $ 1,132,337
Employee salary and benefits paid in previous yearUSD $ 1,376,204
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,723,551
Grants and similar amounts paid in previous yearUSD $ 1,940,670
Total revenue in current fiscal yearUSD $ 4,909,320
Total revenue in previous fiscal yearUSD $ 8,583,582
Contributions and grants from current yearUSD $ 2,228,277
Contributions and grants from previous yearUSD $ 7,455,389
Gross income from fundraising eventsUSD $ 3,425
Revenue from membership duesUSD $ 30,828
2020-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,126,066
Investment Income from current yearUSD $ 1,128,193
Other Revenue from prior yearUSD $ -312,893
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 22,542,520
Net assets / fund balances at end of fiscal yearUSD $ 55,312,010
Net assets / fund balances at beginning of fiscal yearUSD $ 51,428,624
Total liabilities at end of fiscal yearUSD $ 2,729,379
Total liabilities at beginning of fiscal yearUSD $ 1,791,066
Total assets at end of fiscal yearUSD $ 58,041,389
Total assets at beginning of fiscal yearUSD $ 53,219,690
Revenues less expenses for current yearUSD $ 3,994,764
Revenues less expenses for previous yearUSD $ 951,419
Total expenses for current yearUSD $ 4,588,818
Total expenses for previous yearUSD $ 6,093,713
Other expenses in current yearUSD $ 1,110,365
Other expenses in previous yearUSD $ 1,573,204
Total fundraising expenses in current yearUSD $ 185,084
Professional fundraising fees from current yearUSD $ 161,579
Professional fundraising fees from previous yearUSD $ 125,000
Employee salary and benefits paid in current yearUSD $ 1,376,204
Employee salary and benefits paid in previous yearUSD $ 1,461,547
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,940,670
Grants and similar amounts paid in previous yearUSD $ 2,933,962
Total revenue in current fiscal yearUSD $ 8,583,582
Total revenue in previous fiscal yearUSD $ 7,045,132
Contributions and grants from current yearUSD $ 7,455,389
Contributions and grants from previous yearUSD $ 4,231,959
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 90,869
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 0
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,923,212
Investment Income from current yearUSD $ 3,126,066
Other Revenue from prior yearUSD $ -217,691
Other Revenue from current yearUSD $ -312,893
Gross receipts from all sourcesUSD $ 22,241,226
Net assets / fund balances at end of fiscal yearUSD $ 51,428,624
Net assets / fund balances at beginning of fiscal yearUSD $ 52,063,823
Total liabilities at end of fiscal yearUSD $ 1,791,066
Total liabilities at beginning of fiscal yearUSD $ 1,632,571
Total assets at end of fiscal yearUSD $ 53,219,690
Total assets at beginning of fiscal yearUSD $ 53,696,394
Revenues less expenses for current yearUSD $ 951,419
Revenues less expenses for previous yearUSD $ 2,101,292
Total expenses for current yearUSD $ 6,093,713
Total expenses for previous yearUSD $ 5,417,502
Other expenses in current yearUSD $ 1,573,204
Other expenses in previous yearUSD $ 1,243,705
Total fundraising expenses in current yearUSD $ 173,826
Professional fundraising fees from current yearUSD $ 125,000
Professional fundraising fees from previous yearUSD $ 142,226
Employee salary and benefits paid in current yearUSD $ 1,461,547
Employee salary and benefits paid in previous yearUSD $ 1,319,782
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,933,962
Grants and similar amounts paid in previous yearUSD $ 2,711,789
Total revenue in current fiscal yearUSD $ 7,045,132
Total revenue in previous fiscal yearUSD $ 7,518,794
Contributions and grants from current yearUSD $ 4,231,959
Contributions and grants from previous yearUSD $ 3,813,273
Gross income from fundraising eventsUSD $ 148,995
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 95,442
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 0
2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 6,051
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 2,202,563
Investment Income from current yearUSD $ 3,923,212
Other Revenue from prior yearUSD $ 1,271,090
Other Revenue from current yearUSD $ -217,691
Gross receipts from all sourcesUSD $ 24,711,040
Net assets / fund balances at end of fiscal yearUSD $ 52,063,823
Net assets / fund balances at beginning of fiscal yearUSD $ 51,152,158
Total liabilities at end of fiscal yearUSD $ 1,632,571
Total liabilities at beginning of fiscal yearUSD $ 3,469,012
Total assets at end of fiscal yearUSD $ 53,696,394
Total assets at beginning of fiscal yearUSD $ 54,621,170
Revenues less expenses for current yearUSD $ 2,101,292
Revenues less expenses for previous yearUSD $ 1,450,353
Total expenses for current yearUSD $ 5,417,502
Total expenses for previous yearUSD $ 5,704,618
Other expenses in current yearUSD $ 1,243,705
Other expenses in previous yearUSD $ 1,546,985
Total fundraising expenses in current yearUSD $ 287,109
Professional fundraising fees from current yearUSD $ 142,226
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,319,782
Employee salary and benefits paid in previous yearUSD $ 1,326,778
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,711,789
Grants and similar amounts paid in previous yearUSD $ 2,830,855
Total revenue in current fiscal yearUSD $ 7,518,794
Total revenue in previous fiscal yearUSD $ 7,154,971
Contributions and grants from current yearUSD $ 3,813,273
Contributions and grants from previous yearUSD $ 3,681,318
Gross income from fundraising eventsUSD $ 235,885
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 84,200
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 0
2017-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 945,088
Investment Income from current yearUSD $ 2,202,563
Other Revenue from prior yearUSD $ 834,987
Other Revenue from current yearUSD $ 1,271,090
Gross receipts from all sourcesUSD $ 20,013,067
Net assets / fund balances at end of fiscal yearUSD $ 51,152,158
Net assets / fund balances at beginning of fiscal yearUSD $ 47,286,765
Total liabilities at end of fiscal yearUSD $ 3,469,012
Total liabilities at beginning of fiscal yearUSD $ 1,429,868
Total assets at end of fiscal yearUSD $ 54,621,170
Total assets at beginning of fiscal yearUSD $ 48,716,633
Revenues less expenses for current yearUSD $ 1,450,353
Revenues less expenses for previous yearUSD $ -424,703
Total expenses for current yearUSD $ 5,704,618
Total expenses for previous yearUSD $ 5,892,126
Other expenses in current yearUSD $ 1,546,985
Other expenses in previous yearUSD $ 1,344,841
Total fundraising expenses in current yearUSD $ 156,157
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,326,778
Employee salary and benefits paid in previous yearUSD $ 1,485,493
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,830,855
Grants and similar amounts paid in previous yearUSD $ 3,061,792
Total revenue in current fiscal yearUSD $ 7,154,971
Total revenue in previous fiscal yearUSD $ 5,467,423
Contributions and grants from current yearUSD $ 3,681,318
Contributions and grants from previous yearUSD $ 3,687,348
Gross income from fundraising eventsUSD $ 3,858,650
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 61,593
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 0
2016-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,263,723
Investment Income from current yearUSD $ 945,088
Other Revenue from prior yearUSD $ 865,811
Other Revenue from current yearUSD $ 834,987
Gross receipts from all sourcesUSD $ 17,169,306
Net assets / fund balances at end of fiscal yearUSD $ 47,286,765
Net assets / fund balances at beginning of fiscal yearUSD $ 49,672,518
Total liabilities at end of fiscal yearUSD $ 1,429,868
Total liabilities at beginning of fiscal yearUSD $ 4,693,603
Total assets at end of fiscal yearUSD $ 48,716,633
Total assets at beginning of fiscal yearUSD $ 54,366,121
Revenues less expenses for current yearUSD $ -424,702
Revenues less expenses for previous yearUSD $ -312,354
Total expenses for current yearUSD $ 5,892,125
Total expenses for previous yearUSD $ 6,310,855
Other expenses in current yearUSD $ 1,344,840
Other expenses in previous yearUSD $ 1,584,684
Total fundraising expenses in current yearUSD $ 164,947
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,485,493
Employee salary and benefits paid in previous yearUSD $ 1,095,411
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 3,061,792
Grants and similar amounts paid in previous yearUSD $ 3,630,760
Total revenue in current fiscal yearUSD $ 5,467,423
Total revenue in previous fiscal yearUSD $ 5,998,501
Contributions and grants from current yearUSD $ 3,687,348
Contributions and grants from previous yearUSD $ 3,868,967
Gross income from fundraising eventsUSD $ 1,221,400
Revenue from membership duesUSD $ 87,870
Total of other revenueUSD $ 0
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 581,351
Investment Income from current yearUSD $ 1,263,723
Other Revenue from prior yearUSD $ 938,949
Other Revenue from current yearUSD $ 865,811
Gross receipts from all sourcesUSD $ 19,243,587
Net assets / fund balances at end of fiscal yearUSD $ 49,672,518
Net assets / fund balances at beginning of fiscal yearUSD $ 50,045,146
Total liabilities at end of fiscal yearUSD $ 4,693,603
Total liabilities at beginning of fiscal yearUSD $ 1,757,820
Total assets at end of fiscal yearUSD $ 54,366,121
Total assets at beginning of fiscal yearUSD $ 51,802,966
Revenues less expenses for current yearUSD $ -312,354
Revenues less expenses for previous yearUSD $ 1,786,919
Total expenses for current yearUSD $ 6,310,855
Total expenses for previous yearUSD $ 4,537,825
Other expenses in current yearUSD $ 1,584,684
Other expenses in previous yearUSD $ 1,398,143
Total fundraising expenses in current yearUSD $ 283,253
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,095,411
Employee salary and benefits paid in previous yearUSD $ 947,415
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 3,630,760
Grants and similar amounts paid in previous yearUSD $ 2,192,267
Total revenue in current fiscal yearUSD $ 5,998,501
Total revenue in previous fiscal yearUSD $ 6,324,744
Contributions and grants from current yearUSD $ 3,868,967
Contributions and grants from previous yearUSD $ 4,804,444
Gross income from fundraising eventsUSD $ 1,315,450
Revenue from membership duesUSD $ 109,400
Total of other revenueUSD $ 0

Other Company Names associated with EIN

EDUCATIONAL FOUNDATION FOR THE FASHION
FASHION INSTITUTE OF TECHNOLOGY FOUNDATION
FASHION INSTITUTE OF TECHNOLOGY

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 135675757

USA Location Address
227 W. 27TH STREET
NEW YORK
NY
100015902
Date first seen: 2013-01-23
Date last seen: 2024-03-27
USA Mailing Address
227 WEST 27TH STREET
NEW YORK
NY
10001
Date first seen: 2007-01-01
Date last seen: 2024-08-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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