Cfda Foundation Inc
- Assets
- $35.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1974
- Data as of
- 12/2023
- EIN
- 23-7371666
Organization Overview
Cfda Foundation Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cfda 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 12/2023, Cfda Foundation Inc generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cfda Foundation Inc has awarded 504 individual grants totaling $21,434,446. 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
TO PROMOTE AND ENCOURAGE FASHION DESIGN TALENT AND ABILITY THROUGH EXHIBITIONS, AWARDS, GRANTS, SCHOLARSHIPS, OR OTHERWISE FOR NEEDY STUDENTS AND NEEDY FASHION DESIGNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND PROFESSIONAL DEVELOPMENT INITIATIVESTHE EDUCATIONAL INITIATIVES PROGRAM IS A PROFESSIONAL AND BUSINESS DEVELOPMENT SERVICE OF GRANTS, SCHOLARSHIPS AND AWARDS FOR DESIGN INDUSTRY STUDENTS,DESIGNERS, AND LOCAL NY FASHION MANUFACTURERS.
FASHION TARGETS BREAST CANCERLAUNCHED BY RALPH LAUREN UNDER THE LEADERSHIP OF THE COUNCIL OF FASHION DESIGNERS OF AMERICA, FTBC INITIATIVES HAVE BEEN EMBRACED BY THE WORLD'S LEADING FASHION DESIGNERS, MODELS, PHOTOGRAPHERS AND INDUSTRY PARTNERS, AND HAVE HELPED TO RAISE SIGNIFICANT AWARENESS AND MORE THAN $55M TO DATE. THE CFDA FOUNDATION WORKS WITH THE NEW YORK COMMUNITY TRUST, AND HAS DEVELOPED A FOCUSED GRANT-MAKING PROGRAM COVERING THE CRITICAL AREAS OF BREAST CANCER SCREENING, TREATMENT AND SURVIVAL.
50TH IMPACT CFDAA BOARD DESIGNATED ENDOWMENT TO PROVIDE RESOURCE OF MONEY TO MEET INDUSTRY NEEDS, FUND PROGRAM INITIATIVES, AND PROVIDE GENERAL SUPPORT TO THE ORGANIZATION'S OPERATIONS.
OTHER CAMPAIGNS AND INITIATIVESTHROUGH CAMPAIGNS AND OTHER INDUSTRY INITIATIVES THE CFDA FOUNDATION MARSHALLS THE GOODWILL AND SERVICES OF EVERY ELEMENT OF THE FASHION INDUSTRY TO RAISE PUBLIC AWARENESS AND FUNDS FOR THE BREAST CANCER, HIV/AIDS, DISASTER RELIEF AND GENERAL CAUSES, IN THE US AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Lauren Board Member | Trustee | 2 | $0 |
Michael Kors Board Member | Trustee | 2 | $0 |
Diane Von Furstenberg Board Member | Trustee | 2 | $0 |
Norma Kamali Board Member | Trustee | 2 | $0 |
Tommy Hilfiger Board Member | Trustee | 2 | $0 |
Bethann Hardison Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nian Fish Awards Producer | 12/30/23 | $320,750 |
Hw Worldwide Film Producer | 12/30/23 | $125,000 |
Nn Films Llc Film Producer | 12/30/23 | $135,000 |
Schenck Price Smith & King Llp Legal Services | 12/30/23 | $108,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,842,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,734,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,576,086 |
| Total Program Service Revenue | $27,277 |
| Investment income | $866,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $557,898 |
| Net Income from Fundraising Events | $502,977 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,530,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,027,406 |
| Grants and other assistance to domestic individuals. | $159,547 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $786,889 |
| Compensation of current officers, directors, key employees. | $66,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,236,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $205,296 |
| Payroll taxes | $137,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,917 |
| Fees for services: Accounting | $53,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $330,013 |
| Advertising and promotion | $0 |
| Office expenses | $111,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,529 |
| Travel | $54,053 |
| 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 | $21,148 |
| Insurance | $32,353 |
| All other expenses | $13,246 |
| Total functional expenses | $5,492,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,599,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $796,968 |
| Accounts receivable, net | $113,005 |
| 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 | $182,023 |
| Net Land, buildings, and equipment | $22,977 |
| Investments—publicly traded securities | $26,365,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,079,923 |
| Total assets | $35,159,608 |
| Accounts payable and accrued expenses | $92,475 |
| Grants payable | $428,233 |
| 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 | $0 |
| Total liabilities | $520,708 |
| Net assets without donor restrictions | $23,664,632 |
| Net assets with donor restrictions | $10,974,268 |
| 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 | $35,159,608 |
Grants Awarded
Over the last fiscal year, Cfda Foundation Inc has awarded $2,012,406 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
FASHION INSTITUTE OF TECHNOLOGY FINANCIAL AID OFFICE PURPOSE: PROFESSIONAL DEVELOPMENT - SCHOLARSHIP | $25,000 |
FASHION INSTITUTE OF TECHNOLOGY FINANCIAL AID OFFICE PURPOSE: PROFESSIONAL DEVELOPMENT - SCHOLARSHIP | $30,000 |
FASHION INSTITUTE OF TECHNOLOGY FINANCIAL AID OFFICE PURPOSE: PROFESSIONAL DEVELOPMENT - SCHOLARSHIP | $25,000 |
THE NEW SCHOOL PURPOSE: PROFESSIONAL DEVELOPMENT - SCHOLARSHIP | $50,000 |
THE NEW SCHOOL PURPOSE: PROFESSIONAL DEVELOPMENT - SCHOLARSHIP | $25,000 |
THE NEW SCHOOL PURPOSE: PROFESSIONAL DEVELOPMENT - SCHOLARSHIP | $25,000 |