Nonprofit · EIN 20-8513748
YMA FASHION SCHOLARSHIP FUND
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $4,801,201 | $5,393,628 | -$592,427 | $25,915,524 | $719,407 | $25,196,117 |
| July 31, 2024 | 990 | $3,364,215 | $4,020,441 | -$656,226 | $26,155,903 | $749,527 | $25,406,376 |
| July 31, 2023 | 990 | $3,080,152 | $3,422,722 | -$342,570 | $25,303,770 | $601,546 | $24,702,224 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $4,234,050
- Program service revenue
- $0
- Investment income
- $1,397,744
- Net gain from sales of assets
- $424,438
- Net income from fundraising events
- -$830,593
- Other revenue
- -$830,593
Expenses
- Grants and similar amounts paid
- $1,978,332
- Compensation of officers, directors and key employees
- $756,998
- Other salaries and wages
- $770,224
- Salaries, compensation and benefits (total)
- $1,749,226
- Professional fundraising fees
- $18,256
- Legal fees
- $12,938
- Accounting fees
- $125,468
- Occupancy
- $62,330
- Travel
- $40,428
- Depreciation
- $11,666
- Program services (functional)
- $4,239,137
- Management and general (functional)
- $514,317
- Fundraising (functional)
- $640,174
Balance sheet and other
- Total assets, start of year
- $26,155,903
- Total assets, end of year
- $25,915,524
- Total liabilities, end of year
- $719,407
- Net assets, end of year
- $25,196,117
- Land, buildings and equipment
- $3,889
- Publicly traded securities
- $9,894,683
- Net assets without donor restrictions
- $25,096,117
- Net assets with donor restrictions
- $100,000
- Gross receipts
- $41,211,060
- Employees
- 9
- Volunteers
- 150
- Year formed
- 2006
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER ARNOLD | EXECUTIVE DIRECTOR, SECRETARY Trustee or director, Officer | 40 | $547,415 | $34,574 |
| MARIE COLLETTA | DIRECTOR OF ED PROGRAMS Key employee | 40 | $151,250 | $25,740 |
| ALYSSA ZINOLA | DIRECTOR, EVENTS & SPECIAL PROJECTS Highest-paid employee | 40 | $129,244 | $0 |
| ANYA KAPLAN | DIRECTOR OF PARTNERSHIPS Highest-paid employee | 40 | $115,901 | $11,136 |
| JOHN TIGHE | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| MARC MASTRONARDI | DIRECTOR (CHAIRMAN THRU APR 2025) Trustee or director, Officer | 2 | $0 | $0 |
| AMANDA SMITH | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| NATA DVIR | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| YEHUDA SHMIDMAN | TREASURER (VP THRU JUN 2025) Trustee or director, Officer | 2 | $0 | $0 |
| HEATH GOLDEN | DIRECTOR (TREASURER THRU JUN 2025) Trustee or director, Officer | 2 | $0 | $0 |
| MIKE ALIC | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SAM ARCHIBALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID BASSUK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTY CASTELLUCCIO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROLYN D'ANGELO | DIRECTOR Trustee or director | 2 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD FELLER | DIRECTOR Trustee or director | 2 | $0 |
| MIKE FRALIX | DIRECTOR Trustee or director | 2 | $0 |
| KIERA GANANN | DIRECTOR Trustee or director | 2 | $0 |
| ALEX GRINBERG | DIRECTOR Trustee or director | 2 | $0 |
| CELESTE GUDAS | DIRECTOR Trustee or director | 2 | $0 |
| STACIE HENDERSON-CAPECE | MINUTOLO DIRECTOR Trustee or director | 2 | $0 |
| BRITTANY KATZ | DIRECTOR Trustee or director | 2 | $0 |
| DAVID KATZ | DIRECTOR Trustee or director | 2 | $0 |
| HILDY KURYK | DIRECTOR Trustee or director | 2 | $0 |
| MATT LAUKAITIS | DIRECTOR Trustee or director | 2 | $0 |
| JESSICA LOMAX | DIRECTOR Trustee or director | 2 | $0 |
| MECCA MITCHELL | DIRECTOR Trustee or director | 2 | $0 |
| KENNETH NOLAN | DIRECTOR Trustee or director | 2 | $0 |
| DAN ORWIG | DIRECTOR Trustee or director | 2 | $0 |
| KRISTIN REHBERG | DIRECTOR Trustee or director | 2 | $0 |
| PAUL ROSENGARD | DIRECTOR Trustee or director | 2 | $0 |
| HEATHER ROUSSEL | DIRECTOR THRU APR 2025 Trustee or director | 2 | $0 |
| EMILIE RUBINFELD | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL SETOLA | DIRECTOR Trustee or director | 2 | $0 |
| STANLEY SILVERSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| GENA SMITH | DIRECTOR Trustee or director | 2 | $0 |
| CHIP THOMPSON | DIRECTOR Trustee or director | 2 | $0 |
| LANA TODOROVICH | DIRECTOR Trustee or director | 2 | $0 |
| JENNIFER VECCHIO | DIRECTOR Trustee or director | 2 | $0 |
| MARRISA WILSON | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE WLAZLO | DIRECTOR Trustee or director | 2 | $0 |
| MELISSA WORTH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended July 31, 2024: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER ARNOLD | EXECUTIVE DIRECTOR, SECRETARY Trustee or director, Officer | 40 | $461,413 | $34,196 |
| MARIE COLLETTA | DIRECTOR OF ED PROGRAMS Highest-paid employee | 40 | $137,459 | $25,616 |
| MARC MASTRONARDI | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHN TIGHE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| YEHUDA SHMIDMAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| HEATH GOLDEN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MIKE ALIC | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SAM ARCHIBALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH BAPTISTA | DIRECTOR THRU JUL 2024 Trustee or director | 2 | $0 | $0 |
| CAROLYN D'ANGELO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NATA DVIR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOWARD FELLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE FRALIX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIERA GANANN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALEX GRINBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CELESTE GUDAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STACIE HENDERSON-CAPECE | MINUTOLO DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID KATZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT LAUKAITIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JESSICA LOMAX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MECCA MITCHELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENNETH NOLAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN ORWIG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTIN REHBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL ROSENGARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HEATHER ROUSSEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EMILIE RUBINFELD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL SETOLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STANLEY SILVERSTEIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID SIRKIN | DIRECTOR THRU JUL 2024 Trustee or director | 2 | $0 | $0 |
| AMANDA SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GENA SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHIP THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LANA TODOROVICH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER VECCHIO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHELLE WLAZLO | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended July 31, 2023: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER ARNOLD | EXECUTIVE DIRECTOR, SECRETARY Trustee or director, Officer | 40 | $363,846 | $31,979 |
| MARIE COLLETTA | DIRECTOR OF ED PROGRAMS Highest-paid employee | 40 | $128,459 | $0 |
| ANYA R KAPLAN | HEAD OF OPERATIONS AND EVENTS Highest-paid employee | 40 | $105,769 | $0 |
| MARC MASTRONARDI | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHN TIGHE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JENNIFER VECCHIO | PRESIDENT THRU APR 2023 DIR. AFTER Trustee or director, Officer | 2 | $0 | $0 |
| YEHUDA SHMIDMAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| HEATH GOLDEN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PAUL ROSENGARD | TREASURER THRU APR 2023 DIR. AFTER Trustee or director, Officer | 2 | $0 | $0 |
| MIKE ALIC | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SAM ARCHIBALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH BAPTISTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GLEN ELLEN BROWN | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| CAROLYN D'ANGELO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUNE DEFABIO | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| ABBEY DONEGER | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| NATA DVIR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOWARD FELLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE FRALIX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIERA GANANN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGIE GREVILLE | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| ALEX GRINBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CELESTE GUDAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STACIE HENDERSON-CAPECE | MINUTOLO DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID KATZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MITCHELL KONSKER | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| MATT LAUKAITIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JESSICA LOMAX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBRA MALBIN | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| KAREN MURRAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENNETH NOLAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN ORWIG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTIN REHBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HEATHER ROUSSEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER SACHSE | DIRECTOR THRU JUL 2023 Trustee or director | 2 | $0 | $0 |
| MICHAEL SETOLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STANLEY SILVERSTEIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID SIRKIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMANDA SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GENA SMITH | DIRECTOR FROM JULY 2023 Trustee or director | 2 | $0 | $0 |
| WILLIAM SUSMAN | DIRECTOR THRU JUL 2023 Trustee or director | 2 | $0 | $0 |
| CHIP THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LANA TODOROVICH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELECTA VARNISH | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
| MICHELLE WLAZLO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENNETH WYSE | DIRECTOR THRU APR 2023 Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 224 W 35TH ST STE 500, NEW YORK, NY 10001-2538
- In care of
- % DOUGLAS C EVANS
- Principal officer (990 for 2024)
- JOHN TIGHE, 224 W 35TH STREET 500, NEW YORK, NY 10001
- Signed the 990
- PETER ARNOLD, EXECUTIVE DIRECTOR
- Phone
- (212) 278-0008
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO ADVANCE THE FASHION INDUSTRY BY ENCOURAGING GIFTED AND ENTERPRISING YOUNG PEOPLE TO PURSUE CAREERS IN DESIGN, MERCHANDISING, RETAILING AND BUSINESS, ENSURING THE INDUSTRY WILL CONTINUE TO ATTRACT DEDICATED AND CAPABLE INDIVIDUALS.
Program accomplishments
- AS THE PREMIER EDUCATIONAL FASHION NON-PROFIT IN THE UNITED STATES, THE FASHION SCHOLARSHIP FUND SEEKS TO IDENTIFY AND CREATE CAREER OPPORTUNITIES FOR YOUNG PEOPLE WORLDWIDE. THE ORGANIZATION GRANTS THE SINGLE LARGEST SUM OF MONEY AND TOTAL NUMBER OF SCHOLARSHIPS IN THE ENTIRE FASHION COMMUNITY, SUPPLEMENTING FINANCIAL SUPPORT WITH A RICH CURRICULUM OF COMPREHENSIVE, INDUSTRY-LEADING PROGRAMS FOR SCHOLARS, OFFERING HANDS-ON EXPERIENCE WITH THE WORLD'S TOP FASHION COMPANIES AND MOST INFLUENTIAL LEADERS.Expenses $4,239,137 · grants $1,978,332
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 20-8513748
- 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
- 2007
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $25,915,524
- Income (IRS master file)
- $41,211,060
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $4,801,201 | $5,393,628 | $25,915,524 | XML |
| 990 | July 2024 | $3,364,215 | $4,020,441 | $26,155,903 | XML |
| 990 | July 2023 | $3,080,152 | $3,422,722 | $25,303,770 | XML |
| 990 | July 2022 | $21,006,937 | $2,849,873 | $25,057,087 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 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 20-8513748).
Questions about YMA FASHION SCHOLARSHIP FUND
- What is the EIN of YMA FASHION SCHOLARSHIP FUND?
- The employer identification number (EIN) of YMA FASHION SCHOLARSHIP FUND is 20-8513748.
- Is YMA FASHION SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to YMA FASHION SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YMA FASHION SCHOLARSHIP FUND 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 YMA FASHION SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YMA FASHION SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of YMA FASHION SCHOLARSHIP FUND?
- The 990 for the year ended July 31, 2025 names JOHN TIGHE.
- Who are the officers and directors of YMA FASHION SCHOLARSHIP FUND?
- The 990 for the year ended July 31, 2025 lists 42 people; 4 received compensation from the organization, the highest $547,415 (PETER ARNOLD, EXECUTIVE DIRECTOR, SECRETARY).
- How much revenue does YMA FASHION SCHOLARSHIP FUND have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $4,801,201, expenses of $5,393,628 and total assets of $25,915,524 at year end.
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