2024-08-19T11:45:50-05:00 2023-12-31 582676261 Rogers & Company PLLC 8300 Boone Blvd Suite 600 Vienna VA 22182 990 2023-01-01 311791067 The Design Foundation Inc DESI 7037076000 1110 Herndon Pkwy 307 Herndon VA 20170 Donte Shannon Executive Director 7037076000 2024-08-19 1 1 Jie Chen CPA P01049760 7038930030 2023 2024-08-08 14:25:15Z Donte Shannon 1110 Herndon Pkwy 307 Herndon VA 20170 108224 0 X www.idsadesignfoundation.org X 2001 VA To promote scholarship and education to the public. 5 5 0 0 0 0 13703 6053 0 0 2165 9950 12 0 15880 16003 10000 10000 0 0 13959 17430 0 0 0 12979 20257 36938 47687 -21058 -31684 554654 620229 115695 158424 438959 461805 To promote scholarship and education to the public. 0 0 32507 10000 The Design Foundation provides tuition assistance for one graduate and one undergraduate collegiate student studying industrial design each year. For 2023, each scholarship was $5,000. 9294 Event Access - As part of our diversity, equity, and inclusion initiatives, our DEI Event Access program offers individuals who are underrepresented in industrial design-primarily BIPOC (Black, Indigenous, People of Color), female-identified and non-binary students-complimentary access to national Industrial Designers Society of America events. In 2023, 17 individuals received complimentary registration to attend various IDSA events, valued at $3803. 41801 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 X The Foundation 7037076000 1110 Herndon Pkwy 307 Herndon VA 20170 X Clay Von Lowe President 2.00 X X 0 0 0 Maureen Carroll Vice President 1.00 X X 0 0 0 Qin Li Secretary/Treasurer 1.00 X X 0 0 0 Verena Paepcke-Hjeltness Trustee 1.00 3.00 X 0 0 0 Michelle Berryman Trustee 1.00 X 0 0 0 0 0 0 0 0 0 0 0 6053 6053 11861 11861 90310 92221 -1911 -1911 -1911 16003 0 0 9950 10000 10000 15374 15374 1028 1028 1028 1028 3290 3290 2100 2100 3786 3786 292 292 656 656 3114 3114 402 402 559 559 1057 1057 Miscellaneous 4630 4630 Bank and other fees 371 371 47687 41801 5886 0 127669 129703 866 866 426119 489660 554654 620229 115695 158424 115695 158424 X 138464 130702 300495 331103 438959 461805 554654 620229 -31684 54530 0 X X 1 X 0 1 0 X 2350 9440 27901 13703 6053 59447 2350 9440 27901 13703 6053 59447 12948 46499 4744 1022 43 4774 11861 22444 5 5 12 22 81913 0.56770 0.57800 X 486223 1000 60692 5915 542000 468012 31915 -13704 486223 451309 26000 28 9325 468012 0.39400 0.60600 0 0 0 Due to affiliate 158424 158424 X Part V, Line 4: In 2021, the Gianninoto endowment and related assets were transferred from Industrial Designers Society of America, Inc. to the Foundation. The Foundation's endowments are restricted for scholarships. Part X, Line 2: Management has evaluated IDSA's tax positions and has concluded that the consolidated financial statements do not include any uncertain tax positions. 1 Scholarships 2 10000 0 Part I, Line 2: Each year the Design Foundation grants one undergraduate and one graduate scholarship to eligible students. The eligibility, application requirements and selection criteria can be found on the Design Foundation's website at idsadesignfoundation.org. The scholarship amounts are issued directly to the students college/university to ensure all funds are used toward tuition payments. Form 990, Part VI, Section A, line 7b The IDSA Board of Directors ratifies any changes to the Design Foundation's Bylaws. Form 990, Part VI, Section B, line 11b The 990 is prepared by a CPA firm. The Executive Director and CFO review the draft and provide the CPAs with any comments or edits. Once all changes are made, a copy of a complete draft is then provided to the Board for review before the form is finalized. Form 990, Part VI, Section C, line 19 The Foundation has its governing documents and financial statements available to the public upon request. Form 990, Part XII, Line 2c: The Foundation's Board of Directors assumes responsibility for oversight of the review, including selection of independent accountants. This process is consistent with prior years. Industrial Designers Society of America Inc 1100 Herndon Pkwy Suite 307 Herndon VA 20170 132517431 To promote the study and practice of industrial design. VA 501(c)(6) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0