Runway Of Dreams Foundation
- Assets
- $237.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Livingston, NJ
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-4077199
Organization Overview
Runway Of Dreams Foundation is located in Livingston, NJ. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Runway Of Dreams Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Runway Of Dreams Foundation 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 12/2022, Runway Of Dreams Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
RUNWAY OF DREAMS FOUNDATION MISSION IS TO PROVIDE PEOPLE WITH DISABILITIES THE OPPORTUNITY, INCLUSION AND ACCEPTANCE IN THE FASHION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPAIGN FOR INCLUSION: THROUGH MAJOR MEDIA ENGAGEMENTS, SPEAKING OPPORTUNITIES, CONFERENCES, COMMUNITY PARTNERSHIPS AND COLLEGE CLUBS AND STORY TELLING INITIATIVES, THE FOUNDATION BRINGS VISIBILITY TO DISABILITY BY LEADING THE MOVEMENT OF INCLUSION IN THE FASHION INDUSTRY.
SCHOLARSHIPS & COLLEGIATE PROGRAMS: RUNWAY OF DREAMS FOUNDATION INVESTS IN THE FUTURE OF FUNCTIONAL FASHION BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. THE COLLEGE CLUBS ARE OFFICIAL ON CAMPUS, STUDENT-LED CLUBS THAT RAISE AWARENESS OF THE MISSION THROUGH CAMPAIGNS AND SOCIAL MEDIA AND HOST ADAPTIVE RUNWAY SHOWS FEATURING COMMUNITY MEMBERS WITH VARYING DISABILITIES WHO MODEL ADAPTIVE APPAREL.
WARDROBE GRANTS: TO MAKE FASHION TRULY ACCESSIBLE FOR ALL, THE RUNWAY OF DREAMS FOUNDATION PROVIDES WARDROBE GRANTS TO PARTNER ORGANIZATIONS SERVING PEOPLE WITH DISABILITIES FOR THE PURCHASE OF ADAPTIVE APPAREL OR TO TAILOR APPAREL TO SUIT SPECIFIC NEEDS. THE FOUNDATION ALSO FACILITATES ADAPTIVE CLOTING DONATIONS FROM OUR BRAND PARTNERS TO A NATIONWIDE NETWORK OF SCHOOLS, HOSPITALS AND NONPROFIT ORGANIZATIONS SERVING PEOPLE WITH DISABILITIES.
ADAPTIVE RUNWAY SHOWS- THE RUNWAY OF DREAMS FOUNDATION PRODUCES NATIONAL RUNWAY SHOWS THAT CELEBRATE INCLUSION, HIGHLIGHT CHANGE IN THE FASHION INDUSTRY AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Scheier Founder | OfficerTrustee | 30 | $0 |
Jan Dulman Treasurer | OfficerTrustee | 4 | $0 |
Cathy Leonardt Trustee | OfficerTrustee | 4 | $0 |
Matt Laukiatis Trustee | Trustee | 2 | $0 |
Gena Smith Trustee | Trustee | 2 | $0 |
David Landau Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Derris Llc Consulting | 12/30/16 | $107,199 |
Powered By Professionals Fundraisers | 12/30/16 | $102,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,217,938 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,343,831 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,616 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$228,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $777,370 |
| Advertising and promotion | $2,404 |
| Office expenses | $8,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,651 |
| 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 | $1,918 |
| Insurance | $4,765 |
| All other expenses | $1,144 |
| Total functional expenses | $1,137,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,247 |
| 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 | $30,294 |
| Net Land, buildings, and equipment | $5,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,304 |
| Total assets | $237,651 |
| Accounts payable and accrued expenses | $32,714 |
| Grants payable | $0 |
| Deferred revenue | $12,500 |
| 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 | $45,214 |
| Net assets without donor restrictions | $192,437 |
| 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 | $237,651 |
Grants Awarded
Over the last fiscal year, Runway Of Dreams Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMPIONS COMMUNITY FOUNDATION PURPOSE: WARDROBE GRANT | $7,500 |
MILESTONES BEHAVIORAL SERVICES PURPOSE: WARDROBE GRANT | $7,500 |