Two Ten Footwear Foundation Inc is located in Waltham, MA. The organization was established in 1985. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Two Ten Footwear Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Ten Footwear Foundation 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 06/2022, Two Ten Footwear Foundation Inc generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMERLY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMAN SERVICE EXPENSE:TWO TEN CHANGES THE LIVES OF FOOTWEAR EMPLOYEES AND THEIR FAMILIES DURING TIMES OF IMMEDIATE CRISIS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO COVER HOUSING COSTS, UTILITY BILLS, CAR REPAIRS, AND OTHER IMMEDIATE NEEDS; NATURAL DISASTER RELIEF; REFERRALS TO SPECIAL SERVICES SUCH AS CRISIS INTERVENTION, CREDIT, AND DEBT COUNSELING, AND OTHER SIMILAR LIFE SKILLS SERVICES; AND ESSENTIAL COMMUNITY RESOURCES. FUNDS ARE PAID DIRECTLY TO FOOTWEAR EMPLOYEES VIA E-CHECK. PAYMENTS RANGE FROM $1,000 - $3,000 BASED ON NEED.THE POPULATIONS OF FOOTWEAR FAMILIES WE ASSIST WORK IN RETAIL SALES, CUSTOMER SERVICE REPRESENTATIVES, FACTORIES, WAREHOUSES, AND DISTRIBUTION CENTERS. MOST PEOPLE WE ASSIST WORK IN LOWER-WAGE POSITIONS AND ARE VULNERABLE TO LOSS OF INCOME AT DIFFERENT TIMES OF THE YEAR WHEN BUSINESS SLOWS OR ORDERS IN A FACTORY OR WAREHOUSE DECREASE. TWO TEN PROVIDES RESOURCES FOR FOOTWEAR EMPLOYEES FROM 50 STATES, PUERTO RICO, AND THE U.S. VIRGIN ISLANDS. IN FY22, THE TOP FIVE STATES SEEKING TWO TEN'S SERVICES WERE TENNESSEE, LOUISIANA, MICHIGAN, INDIANA, AND ARKANSAS. IN FY22, THE TWO TEN RELIEF SERVICES TEAM ASSISTED 1,397 FOOTWEAR FAMILIES WITH EMERGENCY ASSISTANCE. TWO TEN RECEIVED CALLS FROM 2,647 FOOTWEAR WORKERS OR THEIR FAMILIES, AND 99% OF THOSE RECEIVED A CALL BACK WITHIN TWO BUSINESS DAYS TO COMPLETE OUR INTAKE PROCESS. THE PERSONAL AND CONFIDENTIAL 30-MINUTE INTAKE CALL DETERMINES ELIGIBILITY AND HOW BEST TO MEET IMMEDIATE NEEDS. IN FY22, 67% OF CALLERS WERE FEMALE, AND 33% WERE MALE. THE THREE LARGEST AGE GROUPS WHO CALLED WERE BETWEEN THE AGES OF 33-50 (47%), 18-32 (39%), AND 13% OF CALLERS WHO FELL ABOVE THE AGE OF 51. THE REASON MOST CITED BY THOSE NEEDING ASSISTANCE WAS "FINANCIAL ISSUES," FOLLOWED BY "HEALTH AND "NATURAL DISASTERS."IN FY22, TWO TEN PROVIDED FUNDS TO PAY THE RENT OR MORTGAGE OF 207 FAMILIES TO PREVENT EVICTION OR FORECLOSURE. WE ASSISTED 37 FAMILIES WITH EMERGENCY UTILITY SUPPORT. WE ASSISTED WITH AUTO PAYMENTS, AUTO REPAIRS, OR AUTO INSURANCE FOR 250 FAMILIES SO THEY COULD CONTINUE TO USE THEIR CARS TO GET TO WORK. TWO TEN ALSO PROCESSED 373 CRISIS CASES (107 COVID/67 FUNERAL/199 NATURAL DISASTER RELIEF. WE DISTRIBUTED UP TO $3,000 IN FUNERAL BILLS AND EITHER $500 OR $1,000 IN EMERGENCY FUNDS WHEN AN INDIVIDUAL WAS DISPLACED DUE TO A FIRE, FLOOD, OR NATURAL OR COMMUNITY DISASTER. IN FY22, TWO TEN SERVED 2,647 FOOTWEAR EMPLOYEES WITH SPECIAL SERVICES, INCLUDING 782 REFERRALS TO OUR TELEPHONIC MENTAL HEALTH COUNSELING SERVICES AND 16,190 REFERRALS TO LOCAL COMMUNITY RESOURCES, SUCH AS UNITED WAY, RED CROSS, AND THE SALVATION ARMY. EDUCATION EXPENSE:AS PART OF OUR COMMITMENT TO STRENGTHENING THE FOOTWEAR INDUSTRY, TWO TEN FOOTWEAR FOUNDATION OFFERS FOOTWEAR EMPLOYEES AND THEIR FAMILIES HIGHER EDUCATION SCHOLARSHIPS BASED ON FINANCIAL NEED, ACADEMIC ABILITY, AND PERSONAL PROMISE. IN FY22, TWO TEN FUNDED 149 STUDENTS WITH SCHOLARSHIPS. 99% OF THE STUDENTS ARE FULL-TIME STUDENTS, WHILE 1% OF THE STUDENTS ARE PART-TIME. SCHOLARSHIP FUNDS WERE AWARDED TO 85 RENEWAL SCHOLARS AND 64 NEW SCHOLARS. MOST STUDENTS RECEIVED AN AWARD BETWEEN $4,000 AND $5,000 WITH THE OPPORTUNITY TO RENEW ANNUALLY IF THEY MAINTAIN A REQUIRED GPA OF AT LEAST 2.5. ALL NEW SCHOLARSHIP AWARDS WILL AVERAGE $4,000 PER ANNUM, RENEWABLE FOR THREE YEARS. TWO TEN ALSO PROVIDES A SCHOLARSHIP FOR MILITARY VETERANS OR THEIR DEPENDENTS CALLED THE FOOTWEAR WARRIORS ENDOWED SCHOLARSHIP. THIS SCHOLARSHIP IS MADE AVAILABLE TO THE MEN AND WOMEN WHO HAVE SERVED OUR U.S. MILITARY AND ARE CURRENTLY WORKING IN THE FOOTWEAR INDUSTRY OR THEIR DEPENDENTS.WITH THE COST OF HIGHER EDUCATION SOARING, TWO TEN SCHOLARSHIPS HELP EASE THE BURDEN FOR FOOTWEAR EMPLOYEES OR THEIR DEPENDENTS ATTENDING COLLEGE. TO BE ELIGIBLE TO APPLY AND BE CONSIDERED FOR A TWO TEN SCHOLARSHIP, THE APPLICANT MUST BE WORKING WITHIN THE FOOTWEAR INDUSTRY FOR A MINIMUM OF TWO YEARS OR THE CHILD OF A PARENT WORKING IN THE INDUSTRY FOR THE SAME DURATION. THE SCHOLARS WORKING IN THE FOOTWEAR INDUSTRY COMPRISED 26% OF THE TOTAL POOL, WHILE 73% HAD PARENTS WORKING IN THE FOOTWEAR INDUSTRY AND 1% WERE DESIGN STUDENTS. THE APPLICATION ADMINISTRATION PROCESS IS OUTSOURCED TO THE INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES (ISTS). AFTER ISTS PRESENTS THE COMPLETED APPLICATIONS, TWO TEN SCHOLARSHIP STAFF RANK APPLICANTS USING A SCORING RUBRIC WEIGHTED BY THE FOLLOWING SYSTEM: 70% FINANCIAL NEED, 15% SPECIAL CIRCUMSTANCE, AND 15% ACADEMICS BASED ON GPA. TWO TEN THEN SELECTS THE TOP STUDENTS FROM THE NEW POOL AND THOSE WHO MAINTAINED ELIGIBILITY FROM THE RENEWAL POOL UNTIL THE ENDOWMENT HAS BEEN SPENT.
COMMUNITY BUILDING (FORMERLY MEMBER AND EDUCATION):TWO TEN FOOTWEAR FOUNDATION IS DEDICATED TO BUILDING A STRONGER FOOTWEAR COMMUNITY BY OFFERING NATIONAL EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES TO ENGAGE WITH AND LEARN FROM FELLOW MEMBERS AND LEADERS OF THE FOOTWEAR INDUSTRY WHILE SUPPORTING TWO TEN. COMMUNITY ENGAGEMENT INITIATIVES EACH OFFER DIFFERENT ACTIVITIES AND OUTCOMES BASED ON THE INDIVIDUAL NEEDS OF ITS TARGETED CONSTITUENTS INCLUDE WOMEN IN FOOTWEAR INDUSTRY (WIFI) AND HUMAN RESOURCES LEADERSHIP.WIFI FOCUSES ON INSPIRING, MENTORING, AND CONNECTING WOMEN AT ALL LEVELS OF THEIR CAREERS AND CREATING ADVOCATES FOR TWO TEN. WIFI ACCOMPLISHES ITS GOALS BY HOLDING VIRTUAL NETWORKING AND PROFESSIONAL DEVELOPMENT EVENTS TWICE TO THREE TIMES PER YEAR. IN EACH INSTANCE, THE TOPIC MATTER AND PROGRAM FORMAT ARE DESIGNED TO BE RELEVANT AND SCALABLE TO MEET THE NEEDS AND INTERESTS OF EACH REGIONAL AREA. THE HUMAN RESOURCES LEADERSHIP COUNCIL (HRLC) CONNECTS HUMAN RESOURCES PROFESSIONALS WITHIN THE FOOTWEAR INDUSTRY FOR THOUGHT LEADERSHIP SPECIFIC TO HR AND TO CREATE ADVOCACY FOR TWO TEN AND ITS MISSION. HRLC WORKS ON TWO TEN'S BEHALF TO INCREASE AWARENESS OF THE FOUNDATION WITHIN THEIR COMPANIES AND TO ENSURE FOOTWEAR EMPLOYEES KNOW ABOUT TWO TEN'S SERVICES AND PROGRAMS. HRLC ALSO WORKS TOGETHER TO REACH OTHER HR PROFESSIONALS TO EDUCATE AND ENGAGE THEM IN THE FOUNDATION'S PROGRAMS AND SERVICES, SCHOLARSHIP OFFERINGS, AND THE COMMUNITY GROUPS AVAILABLE TO MEMBERS OF THE FOOTWEAR INDUSTRY.
INDUSTRY EDUCATION (FORMERLY LEADERSHIP DEVELOPMENT):THE TWO TEN FOOTWEAR FOUNDATION IS COMMITTED TO PROVIDING THE HELP AND RESOURCES NEEDED TO IMPROVE THE LIVES AND CAREERS OF FOOTWEAR PROFESSIONALS. IN FY22, INDUSTRY EDUCATION - OR OUTREACH - WAS INCORPORATED INTO EVERY POSSIBLE ACTIVITY TO MAXIMIZE THE OUTCOMES; EVERY OPPORTUNITY WAS UTILIZED TO INCREASE AWARENESS OF THE FOUNDATION'S OFFERINGS WITHIN ITS SERVICE INDUSTRY. TWO TEN HOSTED THE HIGHLY VISIBLE ANNUAL GALA FUNDRAISING EVENT IN JUNE OF 2022. THIS WAS A MASSIVE WIN FOR TWO TEN AND FOR THE INDUSTRY BECAUSE THE PREVIOUS GALA WAS CANCELED DUE TO THE COVID PANDEMIC. DURING FY22, TWO TEN INCORPORATED OUTREACH INTO DOZENS OF VIRTUAL CORPORATE VISITS AND MADE PRESENTATIONS TO AMERICAN FOOTWEAR WORKERS. ADDITIONALLY, TWO TEN WORKED WITH ITS STRATEGIC PARTNERS TO PRESENT THE FOUNDATION TO TARGETED AUDIENCES THROUGH PRINT, DIGITAL AND VIRTUAL PRESENTATIONS. SOCIAL MEDIA AND DIGITAL COMMUNICATIONS CONTINUE TO INCREASE IN RELEVANCE AND IMPORTANCE AS CRITICAL COMMUNICATION TOOLS, PROVIDING VIBRANT FORUMS TO REACH, ENGAGE AND EDUCATE THE FOOTWEAR COMMUNITY. TWO TEN'S CONTENT DEVELOPMENT AND MANAGEMENT STRATEGY FOR ITS SOCIAL PROPERTIES DURING FY22 WERE FURTHER EXPANDED, WITH A DATABASE OF CLIENT STORIES PUSHED OUT THROUGH RELEVANT CHANNELS, INCLUDING FACEBOOK, TWITTER, INSTAGRAM, AND LINKEDIN. THE FOUNDATION HAS SEEN AN UPTICK IN ITS FOLLOWERS ON MULTIPLE DIGITAL PROPERTIES AND NEW VISITORS TO ITS WEBSITE PLATFORM. APPLICATIONS FOR TWO TEN'S SCHOLARSHIP OFFERINGS, INTAKE CALLS, AND ATTENDANCE AT COMMUNITY GROUP EVENTS HAVE GROWN DUE TO THIS EFFORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shawn Osborne President And CEO | Officer | 37.5 | $361,352 |
Terri Rawson Chief Marketing & Developm | Officer | 37.5 | $204,800 |
Stacie Finnegan Director Of Advancement | 37.5 | $151,695 | |
Lisa Tacker VP Relief Program And Information Technology | 37.5 | $140,152 | |
Clyde Sylvia Cfo/coo | 37.5 | $137,057 | |
Debbie Ferree Director | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sequence Event Llc Event Planning | 6/29/18 | $267,684 |
Manhattan Center Studio Inc Event Planning | 6/29/18 | $188,283 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $336,047 |
All other contributions, gifts, grants, and similar amounts not included above | $2,956,821 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,292,868 |
Total Program Service Revenue | $0 |
Investment income | $10,046 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,500,779 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,812,562 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,187,417 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,985,885 |
Pension plan accruals and contributions | $59,084 |
Other employee benefits | $194,386 |
Payroll taxes | $122,818 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,212 |
Fees for services: Accounting | $42,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $51,000 |
Office expenses | $16,104 |
Information technology | $131,199 |
Royalties | $0 |
Occupancy | $0 |
Travel | $40,274 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $30,256 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $77,690 |
Insurance | $17,721 |
All other expenses | $94,337 |
Total functional expenses | $5,760,655 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $223,766 |
Pledges and grants receivable | $2,695,963 |
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 | $78,342 |
Net Land, buildings, and equipment | $125,161 |
Investments—publicly traded securities | $28,430,808 |
Investments—other securities | $6,617,588 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $38,171,628 |
Accounts payable and accrued expenses | $578,434 |
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 | $26,890 |
Total liabilities | $605,324 |
Net assets without donor restrictions | $1,597,088 |
Net assets with donor restrictions | $35,969,216 |
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 | $38,171,628 |
Over the last fiscal year, we have identified 12 grants that Two Ten Footwear Foundation Inc has recieved totaling $1,030,323.
Awarding Organization | Amount |
---|---|
New Balance Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $277,000 |
New Balance Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $277,000 |
Wolverine World Wide Foundation Rockford, MI PURPOSE: TWO TEN | $200,000 |
Foot Locker Foundation Inc New York, NY PURPOSE: General support | $150,000 |
Lunder Foundation Portland, ME PURPOSE: ANNUAL FUND | $50,388 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $35,000 |
Beg. Balance | $44,348,477 |
Earnings | -$7,539,138 |
Net Contributions | $566,468 |
Other Expense | $576,406 |
Ending Balance | $36,799,401 |
Organization Name | Assets | Revenue |
---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |