The Fashion Footwear Charitable Foundation Of New York Inc
- Assets
- $1.2m
- Revenue
- $868.7k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 03/2022
- EIN
- 13-4112482
Organization Overview
The Fashion Footwear Charitable Foundation Of New York Inc, operating under the name Foundation Of New York Inc, is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of New York Inc 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 03/2022, Foundation Of New York Inc generated $868.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $883.1k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation Of New York Inc has awarded 95 individual grants totaling $18,488,793. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS FUNDRAISING PLANS INCLUDE MAILINGS TO AND SOLICITATION OF INDIVIDUALS AND ENTITIES IN THE US FASHION INDUSTRY AND OTHER PRIVATE BENEFACTORS WHO HAVE AN INTERESTIN PROVIDING FUNDS FOR BREAST CANCER RESEARCH, EDUCATION AND AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FASHION FOOTWEAR CHARITABLE FOUNDATION OF NEW YORK INC WAS FORMED IN AN EFFORT TO RAISE FUNDS FOR THE ADVANCEMENTOF BREAST CANCER RESEARCH,AWARENESS AND EDUCATION. THE ENTITY HOLDS ONE ANNUAL SPECIAL EVENT TO ACCOMPLISH THIS GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Heron President | OfficerTrustee | 0 | $86,250 |
Ronald Fromm Chairman | OfficerTrustee | 0 | $0 |
Greg Connors Director | OfficerTrustee | 0 | $0 |
Joseph Moore Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $859,554 |
| Related organizations | $0 |
| Government grants | $17,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,695 |
| Total Program Service Revenue | $0 |
| Investment income | $4,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$606 |
| Net Income from Fundraising Events | -$15,781 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,688 |
| Compensation of current officers, directors, key employees. | $32,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,963 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,383 |
| Office expenses | $844 |
| Information technology | $1,628 |
| Royalties | $0 |
| Occupancy | $5,854 |
| Travel | $336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $87 |
| All other expenses | $5,749 |
| Total functional expenses | $883,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $553,067 |
| Pledges and grants receivable | $328,702 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $324,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,206,093 |
| Accounts payable and accrued expenses | $25,454 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $750,000 |
| Total liabilities | $775,454 |
| Net assets without donor restrictions | $430,639 |
| Net assets with donor restrictions | $0 |
| 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 | $1,206,093 |
Grants Awarded
Over the last fiscal year, The Fashion Footwear Charitable Foundation Of New York Inc has awarded $750,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: BREAST CANCER RESEARCH | $125,000 |
Saint Louis, MO PURPOSE: BREAST CANCER RESEARCH | $125,000 |
Renton, WA PURPOSE: BREAST CANCER RESEARCH | $125,000 |
Los Angeles, CA PURPOSE: CANCER RESEARCH | $100,000 |
Boston, MA PURPOSE: BREAST CANCER RESEARCH | $80,000 |
Philadelphia, PA PURPOSE: BREAST CANCER RESEARCH | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fashion Footwear Charitable Foundation Of New York Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Cedars-Sinai Medical Center Los Angeles, CA PURPOSE: GENERAL SUPPORT | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Childrens Orthopaedic Surgery Foundation Inc Boston, MA | $150,881,893 | $69,430,775 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Boston Childrens Heart Foundation Boston, MA | $101,329,197 | $54,530,838 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Chmc Surgical Foundation Inc Boston, MA | $73,400,034 | $31,940,359 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |