Nonprofit · EIN 04-2037931
MODERN SCHOOL OF FASHION AND DESIGN INC
Also known as THE SCHOOL OF FASHION DESIGN
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,118,940 | $1,169,251 | -$50,311 | $7,121,636 | $100,568 | $7,021,068 |
| May 31, 2024 | 990 | $701,954 | $1,141,045 | -$439,091 | $7,260,570 | $80,275 | $7,180,295 |
| May 31, 2023 | 990 | $7,241,219 | $666,402 | $6,574,817 | $7,062,110 | $72,093 | $6,990,017 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $30,153
- Program service revenue
- $450,122
- Investment income
- $638,665
- Net gain from sales of assets
- $463,177
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $8,650
- Other salaries and wages
- $552,867
- Salaries, compensation and benefits (total)
- $611,504
- Professional fundraising fees
- $0
- Accounting fees
- $27,500
- Occupancy
- $180,410
- Depreciation
- $2,838
- Program services (functional)
- $693,048
- Management and general (functional)
- $430,396
- Fundraising (functional)
- $45,807
Balance sheet and other
- Total assets, start of year
- $7,260,570
- Total assets, end of year
- $7,121,636
- Total liabilities, end of year
- $100,568
- Net assets, end of year
- $7,021,068
- Land, buildings and equipment
- $16,301
- Net assets without donor restrictions
- $6,808,522
- Net assets with donor restrictions
- $212,546
- Gross receipts
- $19,622,817
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1934
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES HANNON | DIRECTOR OF OPERATIONS AND COMPLIANCE Highest-paid employee | 40 | $141,300 | $7,065 |
| JANE CONWAY CASPE | DIRECTOR Trustee or director | 5 | $1,419 | $0 |
| CAROLE WINTERHALTER | DIRECTOR, CLERK Trustee or director, Officer | 5 | $0 | $0 |
| EDWARD GRANT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DENISE HAMMON | DIRECTOR, VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DONALD LALIBERTE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CRYSTAL SHIELL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SUSAN C LANE | PRESIDENT & CHAIR Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended May 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES HANNON | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $138,592 | $6,790 |
| JANE CONWAY CASPE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CAROLE WINTERHALTER | DIRECTOR, CLERK Trustee or director, Officer | 5 | $0 | $0 |
| EDWARD GRANT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DENISE HAMMON | DIRECTOR, VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DONALD LALIBERTE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CRYSTAL SHIELL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SUSAN C LANE | PRESIDENT & CHAIR Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended May 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER FRASCA | CHAIRMAN, PRESIDENT Trustee or director, Officer | 5 | $22,350 |
| JANE CONWAY CASPE | DIRECTOR Trustee or director | 5 | $0 |
| CAROL WINTERHALTER | DIRECTOR, CLERK Trustee or director, Officer | 5 | $0 |
| EDWARD GRANT | DIRECTOR Trustee or director | 5 | $0 |
| DENISE HAMMON | DIRECTOR Trustee or director | 5 | $0 |
| DONALD LALIBERTE | TREASURER Trustee or director, Officer | 5 | $0 |
| CRYSTAL SHIELL-LOOMIS | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 31 ST JAMES AVE 2ND FL, BOSTON, MA 02116-4101
- In care of
- % JAMES HANNON MBR
- Principal officer (990 for 2024)
- DONALD LALIBERTE, 31 ST JAMES AVE 2ND FLOOR, BOSTON, MA 02116
- Signed the 990
- DONALD LALIBERTE, TREASURER
- Phone
- (617) 536-9343
- Website
- SCHOOLOFFASHIONDESIGN.ORG
- Return prepared by
- COLES & BODOIN LLP
Mission
EDUCATIONAL PROGRAM OFFERING COURSES IN THE APPLIED ART OF FASHION DESIGN
Program accomplishments
- EDUCATIONAL PROGRAM OFFERING COURSES IN THE APPLIED ART OF FASHION DESIGNExpenses $693,048 · grants $8,650 · revenue $450,122
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2037931
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B3XZ)
- Assets (IRS master file)
- $7,121,636
- Income (IRS master file)
- $19,622,817
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,118,940 | $1,169,251 | $7,121,636 | XML |
| 990 | May 2024 | $701,954 | $1,141,045 | $7,260,570 | XML |
| 990 | May 2023 | $7,241,219 | $666,402 | $7,062,110 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2037931).
Questions about MODERN SCHOOL OF FASHION AND DESIGN INC
- What is the EIN of MODERN SCHOOL OF FASHION AND DESIGN INC?
- The employer identification number (EIN) of MODERN SCHOOL OF FASHION AND DESIGN INC is 04-2037931.
- Is MODERN SCHOOL OF FASHION AND DESIGN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to MODERN SCHOOL OF FASHION AND DESIGN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MODERN SCHOOL OF FASHION AND DESIGN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MODERN SCHOOL OF FASHION AND DESIGN INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MODERN SCHOOL OF FASHION AND DESIGN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of MODERN SCHOOL OF FASHION AND DESIGN INC?
- The 990 for the year ended May 31, 2025 names DONALD LALIBERTE.
- Who are the officers and directors of MODERN SCHOOL OF FASHION AND DESIGN INC?
- The 990 for the year ended May 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $141,300 (JAMES HANNON, DIRECTOR OF OPERATIONS AND COMPLIANCE).
- How much revenue does MODERN SCHOOL OF FASHION AND DESIGN INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,118,940, expenses of $1,169,251 and total assets of $7,121,636 at year end.
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