Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-2172543

RAISEFASHION INC

Tax-exempt · WOODBURY, CT 06798

Financials

$308K$267K2023$765K$651K2024
Revenue Expenses · by fiscal year end
Financials of RAISEFASHION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$765,191$651,309$113,882$218,428$0$218,428
December 31, 2023990$308,021$267,258$40,763$104,546$0$104,546
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$765,191
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$353,262
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$33,487
Travel
$13,753
Program services (functional)
$363,262
Management and general (functional)
$278,422
Fundraising (functional)
$9,625

Balance sheet and other

Total assets, start of year
$104,546
Total assets, end of year
$218,428
Total liabilities, end of year
$0
Net assets, end of year
$218,428
Net assets without donor restrictions
$218,428
Gross receipts
$765,191
Employees
0
Volunteers
0
Year formed
2020
State of legal domicile
CT

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.

NameTitleHours / weekCompensation
Kutina RuhumbikaSecretary
Trustee or director, Officer
2$0
Melisa GoldieChairman
Trustee or director, Officer
2$0
Nelli KimBoard Member
Trustee or director
0.5$0
Carly CushnieBoard Member
Trustee or director
0.5$0
Felita HarrisExecutive Director
Trustee or director, Officer
25$0
Roopal PatelBoard Member
Trustee or director
0.5$0
Nayla ToumaBoard Member
Trustee or director
0.5$0
Elizabeth Von Der GoltzBoard Member
Trustee or director
0.5$0
Betty WangBoard Member
Trustee or director
0.5$0
Andrew TaylorBoard Member
Trustee or director
0.5$0
Divya MathurBoard Member
Trustee or director
0.5$0
Alexa GeovanosBoard Member
Trustee or director
1$0
April HenningBoard Member
Trustee or director
0.5$0
Stephanie RobersonBoard Member
Trustee or director
0.5$0
Bradley TaylorBoard Member
Trustee or director
0.5$0
1 more people on this return
NameTitleHours / weekCompensation
Troy DebrouxBoard Member
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Alexa GeovanosSecretary
Trustee or director, Officer
8$0
April HennigChairman
Trustee or director, Officer
8$0
Nelli KimCFO
Trustee or director, Officer
8$0
Carly CushnieOfficer
Trustee or director
1$0
Felita HarrisExecutive Director
Trustee or director, Officer
6$0
Roopal PatelOfficer
Trustee or director
2$0
Nayla ToumaOfficer
Trustee or director
1$0
Elizabeth Von Der GoltzOfficer
Trustee or director
2$0
Betty WangOfficer
Trustee or director
2$0
Andrew TaylorOfficer
Trustee or director
4$0
Divya MathurOfficer
Trustee or director
3$0

Address and contacts

Address (IRS master file)
25 N FORTY RD, WOODBURY, CT 06798-2619
In care of
% ALEXA GEOVANOS
Principal officer (990 for 2024)
Alexa Geovanos, 25 North Forty Road, Woodbury, CT 06798
Signed the 990
Alexa Geovanos, Secretary
Phone
(917) 593-7018
Return prepared by
PJC GROUP LLC

Mission

Focusing on the opportunity and responsibility of workers in the fashion world to cultivate a more diverse industry, one that actively promotes and fosters black-owned businesses.

990 for the year ended December 31, 2024

Program accomplishments

  • Mentorship Program: To provide mentorship to Bipoc-Founded brands through our brand fellowship program. Through the fellowship program we distribute grants to brands for marginalized communities to help them scale their businesses.
    Expenses $196,727 · grants $175,000
  • Internship Program: To provide intership opportunities to students from Historically Black Colleges and Universities (HBCU). The program is managed in partnership with the Anti Racism Fund. Students are placed into internships in the fashion industry fields such as marketing and communication, wholesale, logistics, production, and buying. Students receive stipends for living expenses from the Anti Racism Fund in order to help them offset costs associated with living in New York and Los Angeles, where the internships are located. Students are provided a mentor in their field to support them through their experience. Virtual seminars are conducted around job preparation, interview skills, and career path mapping.
    Expenses $42,900 · grants $42,900
  • Supports emerging designers, especially those from underrepresented backgrounds, during major fashion week events. It usually includes showcases, presentations, and networking opportunities that help designers gain visibility with buyers, press, and industry leaders.
    Expenses $92,719
  • Advisory Network: volunteer group of fashion industry professionals who offer free guidance to emerging designers. February Inclusivity: event that focuses on equity and inclusion in teh fashion industry.
    Expenses $30,916

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-2172543
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$218,428
Income (IRS master file)
$765,191

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$765,191$651,309$218,428IRS
990December 2023$308,021$267,258$104,546XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 85-2172543).

Questions about RAISEFASHION INC

What is the EIN of RAISEFASHION INC?
The employer identification number (EIN) of RAISEFASHION INC is 85-2172543.
Is RAISEFASHION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to RAISEFASHION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RAISEFASHION 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 RAISEFASHION 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 RAISEFASHION 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 RAISEFASHION INC?
The 990 for the year ended December 31, 2024 names Alexa Geovanos.
Who are the officers and directors of RAISEFASHION INC?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does RAISEFASHION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $765,191, expenses of $651,309 and total assets of $218,428 at year end.

Other nonprofits in WOODBURY

All nonprofits in WOODBURY · Connecticut