Nonprofit · EIN 13-6214741
COUNCIL OF FASHION DESIGNERS OF AMERICA INC
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,845,485 | $2,277,440 | -$431,955 | $1,864,226 | $7,098,668 | -$5,234,442 |
| December 31, 2023 | 990 | $1,050,282 | $2,249,812 | -$1,199,530 | $2,041,957 | $6,545,667 | -$4,503,710 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $720,000
- Membership dues
- $415,000
- Program service revenue
- $735,215
- Investment income
- $389,497
- Royalties
- $773
- Net gain from sales of assets
- $357,885
- Other revenue
- $773
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $277,573
- Other salaries and wages
- $737,906
- Salaries, compensation and benefits (total)
- $1,203,959
- Professional fundraising fees
- $0
- Legal fees
- $46,730
- Accounting fees
- $27,505
- Occupancy
- $7,229
- Travel
- $23,731
- Depreciation
- $263,145
Balance sheet and other
- Total assets, start of year
- $2,041,957
- Total assets, end of year
- $1,864,226
- Total liabilities, end of year
- $7,098,668
- Net assets, end of year
- -$5,234,442
- Land, buildings and equipment
- $340,809
- Publicly traded securities
- $944,408
- Net assets without donor restrictions
- -$5,234,442
- Gross receipts
- $2,380,517
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1962
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN KOLB | CEO Officer | 14 | $151,396 | $280,701 | $27,727 |
| LISA ANNE SMILOR | EXECUTIVE VICE PRESIDENT Officer | 14 | $98,450 | $182,535 | $25,844 |
| SARA KOZOLWSKI | VP OF PROGRAM STATEGIES Highest-paid employee | 14 | $66,325 | $122,972 | $22,909 |
| ASHLEY M SANDALL | DIRECTOR BUSINESS DEVELOPMENT Highest-paid employee | 14 | $65,805 | $122,007 | $23,212 |
| MARC KARIMZADEH | EDITORIAL & COMMUNICATION DIRECTOR Highest-paid employee | 14 | $63,788 | $118,268 | $22,635 |
| SACHA ELYSE BROWN | DIRECTOR OF PROFESSIONAL DEVELOPMENT Highest-paid employee | 14 | $51,533 | $95,547 | $21,006 |
| JOHN DOYLE MONKHOUSE | FINANCE MANAGER Highest-paid employee | 14 | $49,938 | $92,589 | $21,154 |
| CASANDRA DIGGS TERM 124 | PRESIDENT Officer | 14 | $8,288 | $15,367 | $1,910 |
| RALPH LAUREN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL KORS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DIANE VON FURSTENBERG | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NORMA KAMALI | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TOMMY HILFIGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BETHANN HARDISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DAO-YI CHOW | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLY CUSHNIE | BOARD MEMBER Trustee or director | 2 | $0 |
| TRACY REESE | BOARD MEMBER Trustee or director | 2 | $0 |
| STAN HERMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| VERA WANG | BOARD MEMBER Trustee or director | 2 | $0 |
| TORY BURCH | BOARD MEMBER Trustee or director | 2 | $0 |
| THOM BROWNE | BOARD CHAIRMAN Trustee or director, Officer | 5 | $0 |
| PRABAL GURUNG | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| AURORA JAMES | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| STACEY BENDET EISNER | TREASURER Trustee or director, Officer | 5 | $0 |
| MARIA CORNEJO | GENERAL SECRETARY Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN KOLB | CEO Officer | 13.8 | $155,520 | $294,480 | $26,394 |
| CASANDRA DIGGS | PRESIDENT Officer | 13.8 | $138,240 | $261,760 | $26,326 |
| LISA ANNE SMILOR | EXECUTIVE VICE PRESIDENT Officer | 13.8 | $95,040 | $179,960 | $24,738 |
| ASHLEY M SANDALL | DIRECTOR STRATEGIC PARTNER Highest-paid employee | 13.8 | $65,664 | $124,336 | $21,959 |
| SARA KOZOLWSKI | DIRECTOR OF EDUCATION Highest-paid employee | 13.8 | $63,936 | $121,064 | $21,837 |
| MARC KARIMZADEH | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 13.8 | $58,752 | $111,248 | $21,358 |
| SACHA ELYSE BROWN | DIRECTOR OF PROFESSIONAL D Highest-paid employee | 13.8 | $46,656 | $88,344 | $19,919 |
| CHARLES MCNEIL | DIRECTOR OF PROGRAMS Highest-paid employee | 13.8 | $41,472 | $78,528 | $19,722 |
| RALPH LAUREN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL KORS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DIANE VON FURSTENBERG | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NORMA KAMALI | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TOMMY HILFIGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BETHANN HARDISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DAO-YI CHOW | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CARLY CUSHNIE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TRACY REESE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| STAN HERMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| VERA WANG | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TORY BURCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| REED KRAKOFF TERM 2023 | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| THOM BROWNE | BOARD CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 | $0 |
| PRABAL GURUNG | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| AURORA JAMES | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| STACEY BENDET EISNER | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARIA CORNEJO | GENERAL SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 161 WATER ST 2404, NEW YORK, NY 10038-4972
- Principal officer (990 for 2024)
- THOM BROWNE, 161 WATER ST 2404, NEW YORK, NY 10038
- Signed the 990
- STEVEN KOLB, CEO
- Phone
- (212) 768-5700
- Website
- WWW.CFDA.COM
- Return prepared by
- DORFMAN ABRAMS MUSIC LLC
Mission
TO FURTHER THE POSITION OF FASHION DESIGN AS A RECOGNIZED BRANCH OF AMERICAN ART & CULTURE, TO ADVANCE ARTISTIC, ETHICAL AND PROFESSIONAL STANDARDS, AND TO PROMOTE AND IMPROVE PUBLIC UNDERSTANDING AND APPRECIATION OF THE FASHION ARTS THROUGH GROUP LEADERSHIP IN QUALITY AND TASTE.
Program accomplishments
- MEMBERSHIP:DESIGNER MEMBERSHIP DUES FOR THE PURPOSE OF FURTER POSITIONING FASHION DESIGN AS A RECOGNIZED BRANCH OF AMERICAN ART AND CULTURE. AS WELL AS STRATEGIC PARTNERSHIPS WITH CORPORATE MEMBERS FOR THE PURPOSE OF CREATING MEANINGFUL BUSINESS DRIVEN BENEFITS FOR CFDA MEMBERS.
- MARKET WEEKS:A SUBSCRIPTION AND LISTING SERVICE FOR THE PURPOSE OF SCHEDULING AND PROMOTING FASHION INDUSTRY EVENTS.
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
- 13-6214741
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41Z)
- Assets (IRS master file)
- $1,864,226
- Income (IRS master file)
- $2,380,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,845,485 | $2,277,440 | $1,864,226 | XML |
| 990 | December 2023 | $1,050,282 | $2,249,812 | $2,041,957 | XML |
| 990 | December 2022 | $1,389,507 | $2,360,088 | $1,911,408 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 13-6214741).
Questions about COUNCIL OF FASHION DESIGNERS OF AMERICA INC
- What is the EIN of COUNCIL OF FASHION DESIGNERS OF AMERICA INC?
- The employer identification number (EIN) of COUNCIL OF FASHION DESIGNERS OF AMERICA INC is 13-6214741.
- Is COUNCIL OF FASHION DESIGNERS OF AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to COUNCIL OF FASHION DESIGNERS OF AMERICA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COUNCIL OF FASHION DESIGNERS OF AMERICA 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 COUNCIL OF FASHION DESIGNERS OF AMERICA INC 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 COUNCIL OF FASHION DESIGNERS OF AMERICA INC 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 COUNCIL OF FASHION DESIGNERS OF AMERICA INC?
- The 990 for the year ended December 31, 2024 names THOM BROWNE.
- Who are the officers and directors of COUNCIL OF FASHION DESIGNERS OF AMERICA INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 8 received compensation from the organization, the highest $151,396 (STEVEN KOLB, CEO).
- How much revenue does COUNCIL OF FASHION DESIGNERS OF AMERICA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,845,485, expenses of $2,277,440 and total assets of $1,864,226 at year end.
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