2024-11-05T16:56:02-05:00 2023-12-31 222212404 BARATZ & ASSOCIATES PA 4B EVES DR STE 100 MARLTON NJ 08053 990EZ 2023-01-01 452561701 THE PHILADELPHIA FASHION INCUBATOR PHIL 706 S 4TH STREET PHILADELPHIA PA 19147 ELISSA BLOOM EXECUTIVE DIRECTOR 2152419000 2024-09-25 true false EDWARD A SUAREZ CPA P00018408 8569855688 2024-11-05 2023 2024-10-15 13:58:12Z X X WWW.PHILADELPHIAFASHIONINCUBATOR.COM X X 104525 X 84609 19824 92 104525 108807 11860 5040 99 26125 151931 -47406 277198 229792 X 270670 141847 9746 96930 280416 238777 3218 8985 277198 229792 X THE PURPOSE OF THE INCUBATOR IS TO PROVIDE OPPORTUNITIES FOR EDUCATION AND SUPPORT AND PROMOTE EMERGING FASHION DESIGNERS AND THE FASHION COMMUNITY IN THE PHILADELPHIA AREA. THE PHILADELPHIA FASHION INCUBATOR IS A TWELVE-MONTH RESIDENCY PROGRAM FEATURING SIX ANNUALLY SELECTED DESIGNERS-IN-RESIDENCE (DIR). THE DIR HAVE ACCESS TO OFFICE AND DESIGN/WORK SPACE, BUSINESS CURRICULUM, MENTORING, AND OTHER IMPORTANT RESOURCES ALL WITHIN MACY'S CENTER CITY, IN AN EFFORT TO HELP THEM LAUNCH AND FURTHER GROW THEIR COMPANIES IN THE CITY OF PHILADELPHIA. THE PROGRAM BEGINS WITH A WEEK-LONG BUSINESS BOOT CAMP, A SERIES OF 16 BUSINESS WORKSHOPS. THE BUSINESS BOOT CAMP JUMPS STARTS THE RESIDENCY AND PROVIDES THE DIR WITH ESSENTIAL BUSINESS INFORMATION, ALLOWING THEM TO ACCELERATE THEIR BUSINESSES AND EXECUTE STRATEGIES EARLY ON IN THE PROGRAM. THE DIR ALSO PARTICIPATED IN VARIOUS WORKSHOPS THROUGHOUT THE YEAR WHICH FOCUSED ON VARIOUS BUSINESS TOPICS. WORKSHOPS PROVIDED IN DEPTH KNOWLEDGE ON EACH TOPIC AND SERVE AS A WORKING CLASSROOM WHERE DIR PREPARED INFORMATION IN ADVANCE WAS REVIEWED BY EACH INSTRUCTOR. IN ADDITION, THE WORKSHOPS PROVIDED OPPORTUNITY FOR DIR TO TAP INTO INDUSTRY EXPERTS. EACH DIR IS ALSO PAIRED WITH AN INDUSTRY LEADER MENTOR WHOM THEY MEET WITH THROUGHOUT THE RESIDENCY. THE MENTORS ASSIST THE DIR IN DEVELOPING THEIR PROFESSIONAL AND BUSINESS SKILLS ALONG WITH GAINING FEEDBACK ON THEIR BUSINESS MODELS AND COLLECTIONS. TRIPS TO NEW YORK CITY ARE ALSO HELD EACH MONTH. THE TRIPS INCLUDE MEETINGS WITH FASHION ENTREPENEURS, TOURS OF PRODUCTION AND SOURCING RESOURCES, INDUSTRY SHOWS AND EVENTS. DIRS ALSO PARTICIPATED IN VARIOUS TRADE SHOWS AND EVENTS. 151931 PUBLIC PROGRAMS HAVE HELPED CREATE A HUB FOR THE PHILADELPHIA FASHION COMMUNITY, NETWORKING OPPORTUNITIES FOR ATTENDEES, AND PROMOTION OF THE FASHION INCUBATOR. 151931 CONRAD BOOKER DIRECTOR 2.00 0 EARL BOYD DIRECTOR 2.00 0 ALIZA KARETNICK DIRECTOR 2.00 0 VICKIE ROTANTE DIRECTOR 2.00 0 ERIK SEEL BOARD CHAIR 2.00 0 MICHELLE SHANNON DIRECTOR 2.00 0 MINDY SOLKIN DIRECTOR 2.00 0 ANNE MILLMAN DIRECTOR 2.00 0 false false false false false false false false false ELISSA BLOOM 1300 MARKET ST 3RD FL PHILADELPHIA PA 19107 2152419000 false false false false false false false false false false false NONE NONE true X 136960 125000 136330 56604 84609 539503 136960 125000 136330 56604 84609 539503 539503 615 324 183 105 92 1319 540822 19916 0.99760 0.99700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 16 EXPENSES ADVERTISING AND PROMOTIONS 4,500 OFFICE EXPENSE 1,894 INFORMATION TECHNOLOGY 5,581 TRAVEL 3,719 CONFERENCES 1,865 INTEREST 90 INSURANCE 819 BANK FEES 36 TELEPHONE 1,388 BOOKS AND SUBSCRIPTIONS 2,477 REGISTRATION FEES 120 SUPPLIES 2,271 DONATION 50 NON-INVESTMENT DEPRECIATION 1,315 TOTAL 26,125 FORM 990-EZ, PART II, LINE 24 ACCOUNTS RECEIVABLE 0 62,500 93,735 116,003 LESS ACCUMULATED DEPRECIATION 83,989 85,304 PREPAID INSURANCE 0 1,281 SECURITY DEPOSIT 0 2,450 TOTAL 9,746 96,930 FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,218 8,985 FORM 990-EZ, PART III THE PURPOSE OF THE INCUBATOR IS TO PROVIDE OPPORTUNITIES FOR EDUCATION AND SUPPORT AND PROMOTE EMERGING FASHION DESIGNERS AND THE FASHION COMMUNITY IN THE PHILADELPHIA AREA. FORM 990-EZ, PART III, LINE 28 THE PHILADELPHIA FASHION INCUBATOR IS A TWELVE-MONTH RESIDENCY PROGRAM FEATURING SIX ANNUALLY SELECTED DESIGNERS-IN-RESIDENCE (DIR). THE DIR HAVE ACCESS TO OFFICE AND DESIGN/WORK SPACE, BUSINESS CURRICULUM, MENTORING, AND OTHER IMPORTANT RESOURCES ALL WITHIN MACY'S CENTER CITY, IN AN EFFORT TO HELP THEM LAUNCH AND FURTHER GROW THEIR COMPANIES IN THE CITY OF PHILADELPHIA. THE PROGRAM BEGINS WITH A WEEK-LONG BUSINESS BOOT CAMP, A SERIES OF 16 BUSINESS WORKSHOPS. THE BUSINESS BOOT CAMP JUMPS STARTS THE RESIDENCY AND PROVIDES THE DIR WITH ESSENTIAL BUSINESS INFORMATION, ALLOWING THEM TO ACCELERATE THEIR BUSINESSES AND EXECUTE STRATEGIES EARLY ON IN THE PROGRAM. THE DIR ALSO PARTICIPATED IN VARIOUS WORKSHOPS THROUGHOUT THE YEAR WHICH FOCUSED ON VARIOUS BUSINESS TOPICS. WORKSHOPS PROVIDED IN DEPTH KNOWLEDGE ON EACH TOPIC AND SERVE AS A WORKING CLASSROOM WHERE DIR PREPARED INFORMATION IN ADVANCE WAS REVIEWED BY EACH INSTRUCTOR. IN ADDITION, THE WORKSHOPS PROVIDED OPPORTUNITY FOR DIR TO TAP INTO INDUSTRY EXPERTS. EACH DIR IS ALSO PAIRED WITH AN INDUSTRY LEADER MENTOR WHOM THEY MEET WITH THROUGHOUT THE RESIDENCY. THE MENTORS ASSIST THE DIR IN DEVELOPING THEIR PROFESSIONAL AND BUSINESS SKILLS ALONG WITH GAINING FEEDBACK ON THEIR BUSINESS MODELS AND COLLECTIONS. TRIPS TO NEW YORK CITY ARE ALSO HELD EACH MONTH. THE TRIPS INCLUDE MEETINGS WITH FASHION ENTREPENEURS, TOURS OF PRODUCTION AND SOURCING RESOURCES, INDUSTRY SHOWS AND EVENTS. DIRS ALSO PARTICIPATED IN VARIOUS TRADE SHOWS AND EVENTS.