1. Directory
  2. New York
  3. New York
  4. Fashion Institute of Technology Foundation
EIN 13-5675757

Fashion Institute of Technology Foundation

IRS 501(c) type
501(c)(3)
Num. employees
14
City
New York
State
New York
Year formed
1944
Most recent tax filings
2022-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Foundation provides scholarships, fundraising activities, program support (see sch. O)the Foundation provides scholarships, fundraising activities, program support and subsidies to the Fashion Institute of Technology and its component units.
Also known as...
Educational Foundation for the Fashion Industries
Total revenues
$11,865,196
2022
Total expenses
$3,861,294
2022
Total assets
$66,238,372
2022
Num. employees
14
2022

Program areas at Fashion Institute of Technology Foundation

Scholarships & awards:during fy 2022 the fit Foundation granted scholarships and awards to 700 students of the Fashion Institute of Technology.
Fundraising:the fit Foundation provides fund-raising activities, programs support, and subsidies to the Fashion Institute of Technology and its component units.

Who funds Fashion Institute of Technology Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,199,500
The Fragrance Foundation$100,000
Yue-Sai Kan China Beauty Charity FundScholarships$80,000
...and 12 more grants received

Personnel at Fashion Institute of Technology Foundation

NameTitleCompensation
Joyce F BrownChief Executive Officer$44,672
Sherry BrabhamChief Financial Officer$10,000
Laurence BaachChief Information Officer
Philips McCartyExecutive Director$0
Sujatha VempatyDirector of Advancement$119,326
...and 1 more key personnel

Financials for Fashion Institute of Technology Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$8,997,063
Program services$0
Investment income and dividends$2,533,157
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$529,446
Net income from fundraising events$-194,470
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,865,196

Form 990s for Fashion Institute of Technology Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-02-23990View PDF
2020-062021-05-11990View PDF
2019-062020-08-14990View PDF
2018-062019-08-16990View PDF
2017-062018-01-18990View PDF
...and 7 more Form 990s

Organizations like Fashion Institute of Technology Foundation

OrganizationLocationRevenue
Marine Corps Scholarship FoundationAlexandria, VA$37,411,876
10000 DegreesSan Rafael, CA$12,132,333
Shawnee State University Development FoundationPortsmouth, OH$4,963,546
Minnesota State University Moorhead Foundation (MSUMAF)Moorhead, MN$22,543,778
Echoing GreenNew York, NY$19,754,073
UW-Whitewater FoundationWhitewater, WI$7,028,290
Scholarship Foundation of Santa BarbaraSanta Barbara, CA$9,987,149
Highland Community College FoundationFreeport, IL$3,825,729
Shepherd University FoundationShepherdstown, WV$4,902,607
Fairmont State FoundationFairmont, WV$3,252,544
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 2 new personnel
June 13, 2023
Used new vendors
Identified 2 new vendors, including , and
May 19, 2023
Updated personnel
Identified 1 new personnel
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $37,000 from Foundation of the American Institute for Conservation of Historic & Artistic Works
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsOperates internationallyReceives government fundingEndowed supportGala fundraisersTax deductible donations
General information
Address
227 W 27th St
New York, NY 10001
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
fitnyc.edu 
Phone
(212) 217-7820
Facebook page
FashionInstituteofTechnology 
Twitter profile
@fit 
IRS details
EIN
13-5675757
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1944
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
Free account sign-up

Want updates when Fashion Institute of Technology Foundation has new information, or want to find more organizations like Fashion Institute of Technology Foundation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy