Nonprofit · EIN 13-5675757
FASHION INSTITUTE OF TECHOLOGY FOUNDATION
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,446,809 | $6,170,679 | $3,276,130 | $85,746,981 | $6,382,515 | $79,364,466 |
| June 30, 2024 | 990 | $7,222,532 | $7,380,322 | -$157,790 | $75,238,646 | $2,509,944 | $72,728,702 |
| June 30, 2023 | 990 | $5,252,372 | $5,608,981 | -$356,609 | $68,996,069 | $1,319,027 | $67,677,042 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,956,737
- Membership dues
- $49,550
- Program service revenue
- $0
- Investment income
- $4,426,444
- Net gain from sales of assets
- $1,994,802
- Net income from fundraising events
- $63,628
- Other revenue
- $63,628
Expenses
- Grants and similar amounts paid
- $3,040,789
- Compensation of officers, directors and key employees
- $845,691
- Other salaries and wages
- $67,399
- Salaries, compensation and benefits (total)
- $1,204,796
- Professional fundraising fees
- $0
- Legal fees
- $1,525
- Accounting fees
- $79,750
- Occupancy
- $1,093
- Travel
- $118,044
- Program services (functional)
- $4,135,996
- Management and general (functional)
- $1,861,724
- Fundraising (functional)
- $172,959
Balance sheet and other
- Total assets, start of year
- $75,238,646
- Total assets, end of year
- $85,746,981
- Total liabilities, end of year
- $6,382,515
- Net assets, end of year
- $79,364,466
- Publicly traded securities
- $53,335,083
- Net assets without donor restrictions
- $2,920,506
- Net assets with donor restrictions
- $76,443,960
- Gross receipts
- $24,663,667
- Employees
- 10
- Volunteers
- 37
- Year formed
- 1944
- 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 | Other / benefits |
|---|---|---|---|---|
| JULIE SYGIEL | DIRECTOR Highest-paid employee | 35 | $141,025 | $26,999 |
| ARIELLE DUMORNAY | DIRECTOR OF DEVELOPMENT (END 04/25) Highest-paid employee | 35 | $139,943 | $26,653 |
| AUDREY TEUBER | ASSIST. MANAGER OF ADVANCEMENT OPER. Highest-paid employee | 35 | $107,238 | $43,416 |
| CLAIRE GILVAR | DIRECTOR, CORPORATE ENGAGEMENT Highest-paid employee | 35 | $100,348 | $35,535 |
| ANGELA PREVOSTO | DATABASE ADMINISTRATOR Highest-paid employee | 35 | $108,520 | $24,255 |
| DR JOYCE F BROWN | CHIEF EXECUTIVE OFFICER Officer | 10 | $44,672 | $0 |
| SHERRY BRABHAM | CHIEF FINANCIAL OFFICER Officer | 5 | $10,000 | $0 |
| DOUGLAS HAND | CHAIR Trustee or director | 1 | $0 | $0 |
| SARAH CURTIS HENRY | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| ADAM BANFIELD | DIRECTOR (END 01/25) Trustee or director | 1 | $0 | $0 |
| DAVID CASEY | DIRECTOR (END 12/24) Trustee or director | 1 | $0 | $0 |
| TOM CHU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA CLYDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FREDRIC DECHNIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRISH DONNELLY | DIRECTOR Trustee or director | 1 | $0 |
| ABBEY DONEGER | DIRECTOR Trustee or director | 1 | $0 |
| SAM HADDAD | DIRECTOR Trustee or director | 1 | $0 |
| JANE HERTZMARK HUDIS | DIRECTOR Trustee or director | 1 | $0 |
| ERIC FISCH | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT FISCH | DIRECTOR Trustee or director | 1 | $0 |
| MORRIS GOLDFARB | DIRECTOR Trustee or director | 1 | $0 |
| MALONI GOSS | DIRECTOR Trustee or director | 1 | $0 |
| GEOFFREY GREENBERG | DIRECTOR Trustee or director | 1 | $0 |
| MADELINE GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| GIGI GANATRA DUFF | DIRECTOR (END 9/24) Trustee or director | 1 | $0 |
| DAYNA ISOM JOHNSON | DIRECTOR (END 09/24) Trustee or director | 1 | $0 |
| LAURENCE C LEEDS JR | DIRECTOR Trustee or director | 1 | $0 |
| KAMIE LIGHTBURN | DIRECTOR Trustee or director | 1 | $0 |
| FERN MALLIS | DIRECTOR Trustee or director | 1 | $0 |
| ALEX MONTEFALCO | DIRECTOR Trustee or director | 1 | $0 |
| COREY MORAN | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT RIZZOLO | DIRECTOR Trustee or director | 1 | $0 |
| J MICHAEL STANLEY | DIRECTOR Trustee or director | 1 | $0 |
| MOLLY TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| AMBER VALLETTA | DIRECTOR Trustee or director | 1 | $0 |
| JACKEE DE LAGARDE | DIRECTOR (START 12/24) Trustee or director | 1 | $0 |
| SABRINA DHOWRE ELBA | DIRECTOR (START 12/24) Trustee or director | 1 | $0 |
| JENNY FRESHWATER | DIRECTOR (START 02/25) Trustee or director | 1 | $0 |
| KAREEM GAYLE | DIRECTOR (START 09/24) Trustee or director | 1 | $0 |
| GABRIELLA KHALIL | DIRECTOR (START 09/24) Trustee or director | 1 | $0 |
| MISSY POOL | DIRECTOR (START 09/24) Trustee or director | 1 | $0 |
| GWEN WHITING | DIRECTOR (START XX/XX) Trustee or director | 1 | $0 |
| KARA GAFFNEY ROSS | DIRECTOR (START 12/24) Trustee or director | 1 | $0 |
| PHILIPS MCCARTY | EXECUTIVE DIRECTOR Officer | 35 | $0 |
990 for the year ended June 30, 2024: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DULCE KONTAK | ASSISTANT TO VP Highest-paid employee | 35 | $102,373 | $54,222 |
| DR JOYCE F BROWN | CHIEF EXECUTIVE OFFICER Officer | 10 | $44,672 | $0 |
| SHERRY BRABHAM | CHIEF FINANCIAL OFFICER Officer | 5 | $10,000 | $0 |
| DOUGLAS HAND | CHAIR Trustee or director | 1 | $0 | $0 |
| SARAH CURTIS HENRY | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| IVAN BART | DIRECTOR (END 10/23) Trustee or director | 1 | $0 | $0 |
| ADAM BANFIELD | DIRECTOR (START 09/23) Trustee or director | 1 | $0 | $0 |
| DAVID CASEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM CHU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA CLYDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH DAVIS | DIRECTOR (START 09/23) Trustee or director | 1 | $0 | $0 |
| FREDRIC DECHNIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRISH DONNELLY | DIRECTOR (START 12/23) Trustee or director | 1 | $0 | $0 |
| ABBEY DONEGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MUGE ERDIRIK DOGAN | DIRECTOR (END 11/23) Trustee or director | 1 | $0 | $0 |
| SAM HADDAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE HERTZMARK HUDIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC FISCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT FISCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE GIFFORD | DIRECTOR (END 08/23) Trustee or director | 1 | $0 | $0 |
| MORRIS GOLDFARB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALONI GOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFFREY GREENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MADELINE GARDNER | DIRECTOR (START 09/23) Trustee or director | 1 | $0 | $0 |
| GIGI GANATRA DUFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAYNA ISOM JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALLISON LEE | DIRECTOR (END 12/23) Trustee or director | 1 | $0 | $0 |
| LAURENCE C LEEDS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAMIE LIGHTBURN | DIRECTOR (START 12/23) Trustee or director | 1 | $0 | $0 |
| FERN MALLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX MONTEFALCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COREY MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE P ROCKOWITZ | DIRECTOR (END 12/23) Trustee or director | 1 | $0 | $0 |
| ROBERT RIZZOLO | DIRECTOR (START 09/23) Trustee or director | 1 | $0 | $0 |
| JAMIE SINGLETON | DIRECTOR (END 08/23) Trustee or director | 1 | $0 | $0 |
| J MICHAEL STANLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOLLY TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER VALLETTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIPS MCCARTY | EXECUTIVE DIRECTOR Officer | 35 | $0 | $0 |
990 for the year ended June 30, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELANIE COPPLE | DIRECTOR OF STRATEGIC PHIL Highest-paid employee | 35 | $169,978 | $54,174 |
| ELISABETH MANALIO | DIRECTOR OF ALUMNI RELATIONS Highest-paid employee | 35 | $135,355 | $51,841 |
| SUJATHA VEMPATY | DIRECTOR OF ADVANCEMENT Highest-paid employee | 35 | $154,810 | $15,540 |
| DULCE KONTAK | ASSISTANT TO VP Highest-paid employee | 35 | $116,820 | $49,926 |
| DR JOYCE F BROWN | CHIEF EXECUTIVE OFFICER Officer | 10 | $44,672 | $0 |
| SHERRY BRABHAM | CHIEF FINANCIAL OFFICER Officer | 5 | $10,000 | $0 |
| DOUGLAS HAND | CHAIR Trustee or director | 1 | $0 | $0 |
| SARAH CURTIS HENRY | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| AMBER ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IVAN BART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID CASEY | DIRECTOR (START 06/23) Trustee or director | 1 | $0 | $0 |
| TOM CHU | DIRECTOR (START 06/23) Trustee or director | 1 | $0 | $0 |
| LISA CLYDE | DIRECTOR (START 09/22) Trustee or director | 1 | $0 | $0 |
| FREDRIC DECHNIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MUGE ERDIRIK DOGAN | DIRECTOR (START 01/23) Trustee or director | 1 | $0 | $0 |
| ABBEY DONEGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIGI GANATRA DUFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT FISCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC FISCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE GIFFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MORRIS GOLDFARB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALONI GOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFFREY GREENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM HADDAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE HERTZMARK HUDIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RODNEY HUTTON | DIRECTOR (ENDED 10/22) Trustee or director | 1 | $0 | $0 |
| DAYNA ISOM JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALLISON LEE | DIRECTOR (START 02/23) Trustee or director | 1 | $0 | $0 |
| LAURENCE C LEEDS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERN MALLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX MONTEFALCO | DIRECTOR (START 06/23) Trustee or director | 1 | $0 | $0 |
| COREY MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE P ROCKOWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY SHEINBAUM | CHAIR (ENDED 06/23) Trustee or director | 1 | $0 | $0 |
| JAMIE SINGLETON | DIRECTOR (ENDED 08/23) Trustee or director | 1 | $0 | $0 |
| J MICHAEL STANLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOLLY TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER VALLETTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIPS MCCARTY | EXECUTIVE DIRECTOR Officer | 35 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 227 W 27TH ST, NEW YORK, NY 10001-5902
- In care of
- % SHELCI J GRAHAM
- Principal officer (990 for 2024)
- DR JOYCE F BROWN, 227 WEST 27 STREET, NEW YORK, NY 10001
- Signed the 990
- SHERRY BRABHAM, CHIEF FINANCIAL OFFICER
- Phone
- (212) 217-7820
- Website
- WWW.FITNYC.EDU/EFFI
- Return prepared by
- KPMG LLP
Mission
THE FIT FOUNDATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.
Program accomplishments
- SCHOLARSHIPS & AWARDS:DURING FY 2025 THE FIT FOUNDATION GRANTED SCHOLARSHIPS AND AWARDS TO 337 STUDENTS OF THE FASHION INSTITUTE OF TECHNOLOGY.Expenses $2,572,916 · grants $2,572,916
- FUNDRAISING:THE FIT FOUNDATION PROVIDES FUND-RAISING ACTIVITIES, PROGRAMS SUPPORT, AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.Expenses $1,563,080 · grants $467,873
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
- 13-5675757
- 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
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $85,746,981
- Income (IRS master file)
- $24,663,667
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,446,809 | $6,170,679 | $85,746,981 | XML |
| 990 | June 2024 | $7,222,532 | $7,380,322 | $75,238,646 | IRS |
| 990 | June 2023 | $5,252,372 | $5,608,981 | $68,996,069 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $11,865,196 | $3,861,294 | $66,238,372 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | 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 13-5675757).
Questions about FASHION INSTITUTE OF TECHOLOGY FOUNDATION
- What is the EIN of FASHION INSTITUTE OF TECHOLOGY FOUNDATION?
- The employer identification number (EIN) of FASHION INSTITUTE OF TECHOLOGY FOUNDATION is 13-5675757.
- Is FASHION INSTITUTE OF TECHOLOGY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to FASHION INSTITUTE OF TECHOLOGY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FASHION INSTITUTE OF TECHOLOGY 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 FASHION INSTITUTE OF TECHOLOGY FOUNDATION 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 FASHION INSTITUTE OF TECHOLOGY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FASHION INSTITUTE OF TECHOLOGY FOUNDATION?
- The 990 for the year ended June 30, 2025 names DR JOYCE F BROWN.
- Who are the officers and directors of FASHION INSTITUTE OF TECHOLOGY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 45 people; 7 received compensation from the organization, the highest $141,025 (JULIE SYGIEL, DIRECTOR).
- How much revenue does FASHION INSTITUTE OF TECHOLOGY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,446,809, expenses of $6,170,679 and total assets of $85,746,981 at year end.
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