Nonprofit · EIN 84-2388186
TRANSFORMERS FOUNDATION INC
Tax-exempt · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $246,889 | $273,729 | -$26,840 | $140,242 | $129,321 | $10,921 |
| December 31, 2023 | 990 | $324,789 | $438,625 | -$113,836 | $132,239 | $97,978 | $34,261 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $214,500
- Program service revenue
- $33,813
- Investment income
- -$1,424
- Net gain from sales of assets
- -$1,424
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,703
- Accounting fees
- $19,608
- Program services (functional)
- $211,821
- Management and general (functional)
- $37,437
- Fundraising (functional)
- $24,471
Balance sheet and other
- Total assets, start of year
- $132,239
- Total assets, end of year
- $140,242
- Total liabilities, end of year
- $129,321
- Net assets, end of year
- $10,921
- Net assets without donor restrictions
- $10,921
- Gross receipts
- $248,313
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- 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 |
|---|---|---|---|
| KIM VAN DER WEERD | DIRECTOR Trustee or director | 10 | $51,388 |
| EMILY OLAH | EXECUTIVE DIRECTOR Officer | 10 | $20,000 |
| ALBERTO DE CONTI | DIRECTOR Trustee or director | 10 | $0 |
| TRICIA CAREY | DIRECTOR Trustee or director | 10 | $0 |
| ROBIN CORNELIUS | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY OLAH | EXECUTIVE DIRECTOR Officer | 10 | $44,000 |
| KIM VAN DER WEERD | DIRECTOR Trustee or director | 10 | $42,261 |
| MIGUEL SANCHEZ | DIRECTOR Trustee or director | 15 | $32,564 |
| ALBERTO DE CONTI | DIRECTOR Trustee or director | 10 | $0 |
| TRICIA CAREY | DIRECTOR Trustee or director | 10 | $0 |
| ROBIN CORNELIUS | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 833 BROADWAY APT 5, NEW YORK, NY 10003-4700
- In care of
- % EMILY OLAH
- Principal officer (990 for 2024)
- EMILY OLAH, 833 BROADWAY 5TH FLOOR, NEW YORK, NY 10003
- Signed the 990
- EMILY OLAH, EXECUTIVE DIRECTOR
- Phone
- (212) 260-9266
- Return prepared by
- HOLMAN FRENIA ALLISON PC
Mission
WE MOVE THE NEEDLE ON SUSTAINABLE PERFORMANCE THROUGH OPEN SHARING OF BEST PRACTICES, ENCOURAGING, GIVING VISIBILITY AND SUPPORTING SUSTAINABLE PROGRESS, CHALLENGING UNCLEAR, NON SOLID MARKETING OR CLAIMS, TRANSPARENTLY CELEBRATING BEST IN CLASS AND INNOVATION.
Program accomplishments
- EDUCATION: TRANSFORMERS FOUNDATION WORKS WITH EDUCATIONAL INSTITUTIONS AND INDUSTRY TO BRING TOGETHER A CONFERENCE SERIES, WHERE WE TEACH STUDENTS THE DENIM SUPPLY CHAIN, FOCUSING ON EACH AREA FROM FIBER THROUGH TO FINISH GARMENT PROCESSING. EACH SERIES IS TAILORED TO THE AUDIENCE OF STUDENTS AND IS PROVIDED GLOBALLY IN SEVERAL LANGUAGES - EACH EVENT IS THEN ADDED TO THE LEARNING HUB FOR REFERENCE RESOURCES. EACH SEGMENT OF THE SUPPLY CHAIN IS PRESENTED BY A PROFESSIONAL DONATING THEIR TIME TO TEACH GLOBAL STUDENTS.Expenses $105,911 · revenue $33,813
- RESEARCH & WRITING: THE TRANSFORMERS FOUNDATION SELECTS ONE SUBJECT FOR A DEEP DIVE RESEARCH PAPER ON ONE SUBJECT. 2020 RESEARCH PAPER WAS FOCUSED ON THE ETHICAL PURCHASING PRACTICES IN THE DENIM SUPPLY CHAIN THROUGH COVID-19. THIS PAPER ALSO HIGHLIGHTED THE POWER UNBALANCE BETWEEN BRANDS/BUYERS AND THEIR SUPPLIERS. THIS 70 PAGE REPORT WAS SHARED WITH B2B AS WELL AS B2C PRESS AND INDUSTRY EXPERTS AND PRESS. THIS PAPER WAS ENDORSED BY OVER 70 INDIVIDUAL COMPANIES THROUGHOUT THE SUPPLY CHAIN. SEPERATELY, WE HAVE RESEARCHERS AND WRITERS PREPARED TO FOCUS ON VARIOUS SUBJECTS WITHIN THE SUPPLY CHAIN TO PRODUCE ARTICLES THAT CAN BE SHARED THROUGH OUR INDUSTRY.Expenses $105,910
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
- 84-2388186
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $140,242
- Income (IRS master file)
- $248,313
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $324,789 | $438,625 | $132,239 | IRS |
| 990 | December 2022 | $299,000 | $292,236 | $187,827 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TRANSFORMERS FOUNDATION INC
- What is the EIN of TRANSFORMERS FOUNDATION INC?
- The employer identification number (EIN) of TRANSFORMERS FOUNDATION INC is 84-2388186.
- Is TRANSFORMERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to TRANSFORMERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRANSFORMERS 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 TRANSFORMERS 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 TRANSFORMERS 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 TRANSFORMERS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names EMILY OLAH.
- Who are the officers and directors of TRANSFORMERS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $51,388 (KIM VAN DER WEERD, DIRECTOR).
- How much revenue does TRANSFORMERS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $246,889, expenses of $273,729 and total assets of $140,242 at year end.
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