Dress For Success Worldwide
- Assets
- $13.1m
- Revenue
- $15.3m
- Investments
- $18.0k
- Employees
- 42
- Location
- New York, NY
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 13-4040377
Organization Overview
Dress For Success Worldwide is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Dress For Success Worldwide employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dress For Success Worldwide is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Dress For Success Worldwide generated $15.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $15.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dress For Success Worldwide has awarded 225 individual grants totaling $5,243,170. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFILIATE PROGRAM: THE ORGANIZATION PROVIDES AN ARRAY OF SUPPORT AND RESOURCES TO GLOBAL AFFILIATES AT ALL PHASES OF THEIR DEVELOPMENT, FROM START-UP TO MATURE AFFILIATES. INITIATIVES UNDER THE AFFILIATE PROGRAM INCLUDE THE DEVELOPMENT AND IMPLEMENTATION OF CONFERENCES, MEETINGS, CAMPAIGNS, AND PROGRAMS TO BUILD AFFILIATE CAPACITY, OPERATIONAL STRENGTH, AND FINANCIAL SUSTAINABILITY; FACILITATING COMMUNICATION AND BEST PRACTICE SHARING ACROSS THE GLOBAL AFFILIATE NETWORK; AND DISBURSEMENT OF DESIGNATED DONATIONS OF CASH AND IN-KIND PRODUCT FROM CONTRIBUTORS. ADDITIONALLY, DSW CENTRALLY MANAGES THE GLOBAL BRAND AND DIGITAL PRESENCE, AND TRACKING AND MEASUREMENT OF IMPACT ACROSS AFFILIATES.
LOCAL WORKFORCE DEVELOPMENT PROGRAM: THROUGH ITS LOCATIONS IN NEW YORK CITY AND CHICAGO, THE ORGANIZATION PROVIDES DIRECT SERVICES AND SUPPORTS TO UNEMPLOYED AND UNDEREMPLOYED WOMEN IN EACH IDENTIFIED MARKET. SERVICES AND SUPPORTS INCLUDE JOB PREPARATION, PROFESSIONAL ATTIRE FOR INTERVIEWS AND EMPLOYMENT, CAREER DEVELOPMENT, EMPLOYMENT RETENTION, AND FINANCIAL LITERACY PROGRAMS DESIGNED TO EQUIP WOMEN TO SECURE AND RETAIN EMPLOYMENT, PROGRESS IN THEIR CAREERS, AND ACHIEVE FINANCIAL INDEPENDENCE. PROGRAMS ARE DELIVERED IN-PERSON AND ONLINE VIA INDIVIDUAL AND COHORT-BASED DELIVERY MODELS WITHIN DSW SERVICE LOCATIONS AND ARE CUSTOMIZED TO MEET THE NEEDS OF THE LOCAL POPULATIONS SERVED. BOTH MARKETS WERE ACTIVE IN 2023.
GLOBAL EMPLOYMENT PROGRAM: THE ORGANIZATION SUPPORTS AFFILIATES IN PROVIDING WORKFORCE DEVELOPMENT SERVICES TO CLIENTS WITHIN THE FOLLOWING AREAS OF FOCUS: CAREER COACHING AND READINESS, UPSKILLING AND RESKILLING, NETWORKS AND COMMUNITY, AND STYLING AND PROFESSIONAL ATTIRE. ACTIVITIES UNDER THE GLOBAL EMPLOYMENT PROGRAM INCLUDE THE CENTRALIZED MANAGEMENT OF GLOBAL, NATIONAL, AND MULTI-MARKET ENGAGEMENT AND PROGRAM PARTNERSHIPS AS WELL AS DEVELOPMENT AND MANAGEMENT OF THE DRESS FOR SUCCESS ONLINE COMMUNITY. THE ONLINE COMMUNITY OFFERS ACCESS TO RESOURCES, WORKSHOPS, AND A NETWORK OF SUPPORT FOR CLIENT PARTICIPANTS AS WELL AS A CUSTOMIZABLE FORUM FOR AFFILIATES TO ENGAGE DIGITALLY WITH THE WOMEN THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Kiam Chair | OfficerTrustee | 1 | $0 |
Jean Selden Greene Chair-Elect Til 07/2023, Board Member | OfficerTrustee | 1 | $0 |
Erica Frontiero Board Member Til 07/2023, Chair-Elect | OfficerTrustee | 1 | $0 |
Kelly Cusick Dropchinski Secretary | OfficerTrustee | 1 | $0 |
Renee Laroche-Morris Treasurer | OfficerTrustee | 1 | $0 |
Anu Aiyengar Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $122,093 |
| Membership dues | $0 |
| Fundraising events | $65,370 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,479,414 |
| Noncash contributions included in lines 1a–1f | $7,280,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,666,877 |
| Total Program Service Revenue | $0 |
| Investment income | $177,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,331 |
| Net Income from Fundraising Events | $445,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,295,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,961,397 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $79,930 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,087,208 |
| Compensation of current officers, directors, key employees. | $472,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,264,555 |
| Pension plan accruals and contributions | $14,494 |
| Other employee benefits | $195,393 |
| Payroll taxes | $319,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,823 |
| Fees for services: Accounting | $48,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,657 |
| Fees for services: Other | $365,776 |
| Advertising and promotion | $29,148 |
| Office expenses | $142,585 |
| Information technology | $413,415 |
| Royalties | $0 |
| Occupancy | $830,514 |
| Travel | $95,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340,996 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,785 |
| Insurance | $40,118 |
| All other expenses | $1,210 |
| Total functional expenses | $15,608,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,861 |
| Savings and temporary cash investments | $2,081,957 |
| Pledges and grants receivable | $1,500,085 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,076 |
| Net Land, buildings, and equipment | $14,133 |
| Investments—publicly traded securities | $6,209,732 |
| Investments—other securities | $17,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,648,477 |
| Total assets | $13,137,291 |
| Accounts payable and accrued expenses | $458,504 |
| Grants payable | $0 |
| Deferred revenue | $410,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,524,737 |
| Total liabilities | $3,393,241 |
| Net assets without donor restrictions | $7,343,966 |
| Net assets with donor restrictions | $2,400,084 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,137,291 |
Grants Awarded
Over the last fiscal year, Dress For Success Worldwide has awarded $1,918,623 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
DRESS FOR SUCCESS SAN FRANCISCO PURPOSE: SUPPORT OF MEMBER ORGANIZATION | $152,641 |
DRESS FOR SUCCESS COLUMBUS PURPOSE: SUPPORT OF MEMBER ORGANIZATION | $128,721 |
DRESS FOR SUCCESS GREATER PHILADELPHIA PURPOSE: SUPPORT OF MEMBER ORGANIZATION | $123,760 |
DRESS FOR SUCCESS TAMPA BAY PURPOSE: SUPPORT OF MEMBER ORGANIZATION | $77,455 |
DRESS FOR SUCCESS ATLANTA PURPOSE: SUPPORT OF MEMBER ORGANIZATION | $72,269 |
DRESS FOR SUCCESS WASHINGTON DC PURPOSE: SUPPORT OF MEMBER ORGANIZATION | $69,494 |