Nonprofit · EIN 23-7371666
CFDA FOUNDATION INC
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,646,652 | $6,453,722 | $2,192,930 | $37,861,415 | $931,470 | $36,929,945 |
| December 31, 2023 | 990 | $6,530,714 | $5,492,152 | $1,038,562 | $35,159,608 | $520,708 | $34,638,900 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,894,879
- Program service revenue
- $65,574
- Investment income
- $2,169,348
- Net gain from sales of assets
- $1,410,545
- Net income from fundraising events
- $516,851
- Other revenue
- $516,851
Expenses
- Grants and similar amounts paid
- $2,345,328
- Compensation of officers, directors and key employees
- $514,644
- Other salaries and wages
- $1,368,101
- Salaries, compensation and benefits (total)
- $2,232,193
- Professional fundraising fees
- $0
- Legal fees
- $167,553
- Accounting fees
- $55,995
- Occupancy
- $25,386
- Travel
- $53,386
- Depreciation
- $23,896
- Program services (functional)
- $5,479,473
- Management and general (functional)
- $377,589
- Fundraising (functional)
- $596,660
Balance sheet and other
- Total assets, start of year
- $35,159,608
- Total assets, end of year
- $37,861,415
- Total liabilities, end of year
- $931,470
- Net assets, end of year
- $36,929,945
- Land, buildings and equipment
- $58,186
- Publicly traded securities
- $28,365,262
- Net assets without donor restrictions
- $27,751,895
- Net assets with donor restrictions
- $9,178,050
- Gross receipts
- $14,194,105
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1973
- 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 | 26 | $280,701 | $151,396 | $27,727 |
| LISA ANNE SMILOR | EXECUTIVE VICE PRESIDENT Officer | 26 | $182,535 | $98,450 | $25,844 |
| SARA KOZLOWSKI | VP OF PROGRAM STRATEGIES Highest-paid employee | 26 | $122,972 | $66,325 | $22,909 |
| ASHLEY M SANDALL | DIRECTOR BUSINESS DEVELOPMENT Highest-paid employee | 26 | $122,007 | $65,805 | $23,212 |
| MARC KARIMZADEH | EDITORIAL & COMMUNICATIONS DIRECTOR Highest-paid employee | 26 | $118,268 | $63,788 | $22,635 |
| SACHA ELYSE BROWN | DIRECTOR OF PROFESSIONAL DEVELOPMENT Highest-paid employee | 26 | $95,547 | $51,533 | $21,006 |
| JOHN DOYLE MONKHOUSE | FINANCE MANAGER Highest-paid employee | 26 | $92,589 | $49,938 | $21,154 |
| CASANDRA DIGGS TERM 124 | PRESIDENT Officer | 26 | $15,367 | $8,288 | $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 | 26.2 | $294,480 | $155,520 | $26,394 |
| CASANDRA DIGGS | PRESIDENT Officer | 26.2 | $261,760 | $138,240 | $26,326 |
| LISA ANNE SMILOR | EXECUTIVE VICE PRESIDENT Officer | 26.2 | $179,960 | $95,040 | $24,738 |
| ASHLEY M SANDALL | DIRECTOR OF STRATEGIC PARTNERSHIPS Highest-paid employee | 26.2 | $124,336 | $65,664 | $21,959 |
| SARA KOZLOWSKI | DIRECTOR OF EDUCATION Highest-paid employee | 26.2 | $121,064 | $63,936 | $21,837 |
| MARC KARIMZADEH | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 26.2 | $111,248 | $58,752 | $21,358 |
| SACHA ELYSE BROWN | DIRECTOR OF PROFESSIONAL D Highest-paid employee | 26.2 | $88,344 | $46,656 | $19,919 |
| CHARLES MCNEIL | DIRECTOR OF PROGRAMS Highest-paid employee | 26.2 | $78,528 | $41,472 | $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
- In care of
- % MARSHALL BRATTER GREENE ALLISON &
- Principal officer (990 for 2024)
- THOM BROWNE, 161 WATER ST 2404, NEW YORK, NY 10038
- Signed the 990
- STEVEN KOLB, CEO
- Phone
- (212) 302-1821
- Website
- WWW.CFDA.COM
- Return prepared by
- DORFMAN ABRAMS MUSIC LLC
Mission
TO PROMOTE AND ENCOURAGE FASHION DESIGN TALENT AND ABILITY THROUGH EXHIBITIONS, AWARDS, GRANTS, SCHOLARSHIPS, OR OTHERWISE FOR NEEDY STUDENTS AND NEEDY FASHION DESIGNERS.
Program accomplishments
- EDUCATIONAL AND PROFESSIONAL DEVELOPMENT INITIATIVESTHE EDUCATIONAL INITIATIVES PROGRAM IS A PROFESSIONAL AND BUSINESS DEVELOPMENT SERVICE OF GRANTS, SCHOLARSHIPS AND AWARDS FOR DESIGN INDUSTRY STUDENTS,DESIGNERS, AND LOCAL NY FASHION MANUFACTURERS.Expenses $5,143,618 · grants $2,345,328 · revenue $31,200
- 50TH IMPACT CFDAA BOARD DESIGNATED ENDOWMENT TO PROVIDE RESOURCE OF MONEY TO MEET INDUSTRY NEEDS, FUND PROGRAM INITIATIVES, AND PROVIDE GENERAL SUPPORT TO THE ORGANIZATION'S OPERATIONS.Expenses $118,357
- OTHER CAMPAIGNS AND INITIATIVESTHROUGH CAMPAIGNS AND OTHER INDUSTRY INITIATIVES THE CFDA FOUNDATION MARSHALLS THE GOODWILL AND SERVICES OF EVERY ELEMENT OF THE FASHION INDUSTRY TO RAISE PUBLIC AWARENESS AND FUNDS FOR THE BREAST CANCER, HIV/AIDS, DISASTER RELIEF AND GENERAL CAUSES, IN THE US AND INTERNATIONALLY.Expenses $209,961
- FASHION TARGETS BREAST CANCERLAUNCHED BY RALPH LAUREN UNDER THE LEADERSHIP OF THE COUNCIL OF FASHION DESIGNERS OF AMERICA, FTBC INITIATIVES HAVE BEEN EMBRACED BY THE WORLD'S LEADING FASHION DESIGNERS, MODELS, PHOTOGRAPHERS AND INDUSTRY PARTNERS, AND HAVE HELPED TO RAISE SIGNIFICANT AWARENESS AND MORE THAN $55M TO DATE. THE CFDA FOUNDATION WORKS WITH THE NEW YORK COMMUNITY TRUST, AND HAS DEVELOPED A FOCUSED GRANT-MAKING PROGRAM COVERING THE CRITICAL AREAS OF BREAST CANCER SCREENING, TREATMENT AND SURVIVAL.Expenses $7,537 · revenue $34,374
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
- 23-7371666
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $37,861,415
- Income (IRS master file)
- $14,194,105
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,646,652 | $6,453,722 | $37,861,415 | XML |
| 990 | December 2023 | $6,530,714 | $5,492,152 | $35,159,608 | XML |
| 990 | December 2022 | $6,833,295 | $5,371,451 | $32,613,470 | 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 23-7371666).
Questions about CFDA FOUNDATION INC
- What is the EIN of CFDA FOUNDATION INC?
- The employer identification number (EIN) of CFDA FOUNDATION INC is 23-7371666.
- Is CFDA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to CFDA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CFDA FOUNDATION 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 CFDA FOUNDATION 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 CFDA FOUNDATION 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 CFDA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names THOM BROWNE.
- Who are the officers and directors of CFDA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 8 received compensation from the organization, the highest $280,701 (STEVEN KOLB, CEO).
- How much revenue does CFDA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,646,652, expenses of $6,453,722 and total assets of $37,861,415 at year end.
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