Nonprofit · EIN 13-3490808
THE LUXURY EDUCATION FOUNDATION
Tax-exempt · NEW YORK, NY 10021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $318,831 | $312,971 | $5,860 | $185,590 | $724 | $184,866 |
| December 31, 2023 | 990 | $191,252 | $280,715 | -$89,463 | $182,208 | $3,202 | $179,006 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $318,823
- Program service revenue
- $0
- Investment income
- $8
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $27,500
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $203,333
- Salaries, compensation and benefits (total)
- $218,750
- Professional fundraising fees
- $0
- Accounting fees
- $7,553
- Program services (functional)
- $200,084
- Management and general (functional)
- $112,887
Balance sheet and other
- Total assets, start of year
- $182,208
- Total assets, end of year
- $185,590
- Total liabilities, end of year
- $724
- Net assets, end of year
- $184,866
- Net assets without donor restrictions
- $184,866
- Gross receipts
- $318,831
- Employees
- 2
- Year formed
- 1988
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALESSANDRA BAKER | EMPLOYEE Highest-paid employee | 40 | $131,667 |
| KETTY MAISONROUGE | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| SAFWAN MASRI | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| MAZ ZOUHAIRI | TREASURER Trustee or director, Officer | 0.1 | $0 |
| HERMANN ELGER | INTERNAL AUDITOR Trustee or director, Officer | 0.1 | $0 |
| JOYCE GREEN | CHAIR Trustee or director, Officer | 0.1 | $0 |
| MONISHA AGRAWAY | DIRECTOR Trustee or director | 0.1 | $0 |
| GUILLAUME TARDY | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALESSANDRA BAKER | EMPLOYEE Highest-paid employee | 40 | $130,000 |
| KETTY MAISONROUGE | PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| SAFWAN MASRI | SECRETARY Trustee or director, Officer | 0.1 | $0 |
| MAZ ZOUHAIRI | TREASURER Trustee or director, Officer | 0.1 | $0 |
| HERMANN ELGER | INTERNAL AUDITOR Trustee or director, Officer | 0.1 | $0 |
| JOYCE GREEN | CHAIR Trustee or director, Officer | 0.1 | $0 |
| MONISHA AGRAWAY | DIRECTOR Trustee or director | 0.1 | $0 |
| GUILLAUME TARDY | DIRECTOR Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 1397 SECOND AVENUE 179, NEW YORK, NY 10021-4505
- In care of
- % KETTY MAISONROUGE
- Principal officer (990 for 2024)
- KETTY MAISONROUGE, 1397 SECOND AVENUE 179, NEW YORK, NY 10021
- Signed the 990
- KETTY MAISONROUGE, PRESIDENT
- Phone
- (212) 734-4594
- Return prepared by
- PHILLIPS GOLD AND COMPANY LLP
Mission
THE LUXURY EDUCATION FOUNDATION SUPPORTS EDUCATIONAL PROGRAMS FOR UNDERGRADUATE AND GRADUATE STUDENTS IN THE DISCIPLINES OF DESIGN AND BUSINESS WITH RESPECT TO CREATION AND MARKETING OF LUXURY GOODS. LEF PROGRAMS PROVIDE STUDENTS WITH VARIOUS PLATFORMS TO ENGAGE WITH SENIOR EXECUTIVES IN LEADING LUXURY FIRMS TO UNDERSTAND AND APPRECIATE THE UNIQUE PROPERTIES OF THIS INDUSTRY.
Program accomplishments
- EDUCATIONAL - GRANTS MADE TO LEARNING INSTITUTIONS TO FACILITATE SUPPORT OF DESIGN AND BUSINESS COURSES IN THE LUXURY FIELD.Expenses $200,084 · grants $27,500
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3490808
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70Z)
- Assets (IRS master file)
- $185,590
- Income (IRS master file)
- $318,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $318,831 | $312,971 | $185,590 | IRS |
| 990 | December 2023 | $191,252 | $280,715 | $182,208 | XML |
| 990 | December 2022 | $265,734 | $231,855 | $269,892 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 13-3490808).
Questions about THE LUXURY EDUCATION FOUNDATION
- What is the EIN of THE LUXURY EDUCATION FOUNDATION?
- The employer identification number (EIN) of THE LUXURY EDUCATION FOUNDATION is 13-3490808.
- Is THE LUXURY EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to THE LUXURY EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LUXURY EDUCATION FOUNDATION 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 THE LUXURY EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LUXURY EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE LUXURY EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names KETTY MAISONROUGE.
- Who are the officers and directors of THE LUXURY EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $131,667 (ALESSANDRA BAKER, EMPLOYEE).
- How much revenue does THE LUXURY EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $318,831, expenses of $312,971 and total assets of $185,590 at year end.
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