Nonprofit · EIN 13-2934035
LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $225,817 | $179,713 | $46,104 | $1,894,299 | $114,004 | $1,780,295 |
| June 30, 2024 | 990 | $143,912 | $113,262 | $30,650 | $1,727,285 | $69,445 | $1,657,840 |
| June 30, 2023 | 990 | $67,016 | $107,549 | -$40,533 | $1,553,831 | $60,773 | $1,493,058 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $63,230
- Program service revenue
- $0
- Investment income
- $136,769
- Net gain from sales of assets
- $104,430
- Net income from fundraising events
- $25,818
- Other revenue
- $25,818
Expenses
- Grants and similar amounts paid
- $53,625
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,970
- Accounting fees
- $21,000
- Depreciation
- $8,972
- Program services (functional)
- $53,625
- Management and general (functional)
- $126,088
Balance sheet and other
- Total assets, start of year
- $1,727,285
- Total assets, end of year
- $1,894,299
- Total liabilities, end of year
- $114,004
- Net assets, end of year
- $1,780,295
- Land, buildings and equipment
- $31,408
- Publicly traded securities
- $1,703,481
- Net assets without donor restrictions
- $1,780,295
- Gross receipts
- $327,452
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1977
- State of legal domicile
- NY
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEN FOYLE | Director Trustee or director | 5 | $0 |
| CHRYSTIE BOUCREE PRICE | Director Trustee or director | 5 | $0 |
| KARIS DURMER | Director Trustee or director | 5 | $0 |
| DAVID HEATH | Director Trustee or director | 5 | $0 |
| ELIZABETH S MARCUSE | Director Trustee or director | 5 | $0 |
| JAY ANGELETTI | Director Trustee or director | 5 | $0 |
| ARNOLD COHEN | Director Trustee or director | 5 | $0 |
| HARRY CUNNINGHAM | Director Trustee or director | 5 | $0 |
| MICHELE PARSONS | Director Trustee or director | 5 | $0 |
| PATTY FARMER | Director Trustee or director | 5 | $0 |
| ROSIE MATTIO | Director Trustee or director | 5 | $0 |
| TODD SNYDER | Director Trustee or director | 5 | $0 |
| JILL HENNESSEY-BROWN | Director Trustee or director | 5 | $0 |
| STEVE SODERHOLM | Director Trustee or director | 5 | $0 |
| ELYCE ARONS | FOUNDER & CEO Trustee or director | 5 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM BOERKOEL | FOUNDER&MNG PRT Trustee or director | 5 | $0 |
| ALBERT GILKEY | SVP STORE DESIG Trustee or director | 5 | $0 |
| JIM MOORE | CREATIVE DIRECT Trustee or director | 5 | $0 |
| MICHAEL DONOHUE | Treasurer Officer | 5 | $0 |
| GAIL NARDIN | Secretary Officer | 5 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEN FOYLE | Director Trustee or director | 5 | $0 |
| CHRYSTIE BOUCREE PRICE | Director Trustee or director | 5 | $0 |
| KARIS DURMER | Director Trustee or director | 5 | $0 |
| DAVID HEATH | Director Trustee or director | 5 | $0 |
| ELIZABETH S MARCUSE | Director Trustee or director | 5 | $0 |
| JAY ANGELETTI | Director Trustee or director | 5 | $0 |
| ARNOLD COHEN | Director Trustee or director | 5 | $0 |
| HARRY CUNNINGHAM | Director Trustee or director | 5 | $0 |
| MICHELE PARSONS | Director Trustee or director | 5 | $0 |
| PATTY FARMER | Director Trustee or director | 5 | $0 |
| ROSIE MATTIO | Director Trustee or director | 5 | $0 |
| TODD SNYDER | Director Trustee or director | 5 | $0 |
| JILL HENNESSEY-BROWN | Director Trustee or director | 5 | $0 |
| STEVE SODERHOLM | Director Trustee or director | 5 | $0 |
| MICHAEL DONOHUE | Treasurer Officer | 5 | $0 |
| GAIL NARDIN | Secretary Officer | 5 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEN FOYLE | Director Trustee or director | 5 | $0 |
| CHRYSTIE BOUCREE PRICE | Director Trustee or director | 5 | $0 |
| KARIS DURMER | Director Trustee or director | 5 | $0 |
| DAVID HEATH | Director Trustee or director | 5 | $0 |
| ELIZABETH S MARCUSE | Director Trustee or director | 5 | $0 |
| JAY ANGELETTI | Director Trustee or director | 5 | $0 |
| ARNOLD COHEN | Director Trustee or director | 5 | $0 |
| HARRY CUNNINGHAM | Director Trustee or director | 5 | $0 |
| MICHELE PARSONS | Director Trustee or director | 5 | $0 |
| PATTY FARMER | Director Trustee or director | 5 | $0 |
| ROSIE MATTIO | Director Trustee or director | 5 | $0 |
| TODD SNYDER | Director Trustee or director | 5 | $0 |
| MICHAEL DONOHUE | Treasurer Officer | 5 | $0 |
| GAIL NARDIN | Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 545 FIFTH AVENUE 7TH FLOOR, NEW YORK, NY 10017-3640
- Signed the 990
- MICHAEL DONOHUE, Treasurer
- Phone
- (212) 752-1530
- Return prepared by
- ADEPTUS ADVISORS GROUP LLC
Mission
TO PROVIDE SCHOLARSHIPS AND GRANT AID TO STUDENTS WHO ATTEND LIM COLLEGE.
Program accomplishments
- TO PROVIDE SCHOLARSHIPS AND GRANT AID TO STUDENTS WHO ATTEND LIM COLLEGE.Expenses $53,625 · revenue $63,230
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-2934035
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,894,299
- Income (IRS master file)
- $327,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $225,817 | $179,713 | $1,894,299 | IRS |
| 990 | June 2024 | $143,912 | $113,262 | $1,727,285 | IRS |
| 990 | June 2023 | $67,016 | $107,549 | $1,553,831 | XML |
| 990 | June 2022 | $139,302 | $223,710 | $1,474,754 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 13-2934035).
Questions about LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO
- What is the EIN of LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO?
- The employer identification number (EIN) of LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO is 13-2934035.
- Is LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO 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 LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does LABORATORY INSTITUTE OF MERCHANDISING FASHION EDUCATION FO have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $225,817, expenses of $179,713 and total assets of $1,894,299 at year end.
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