FASHION INSTITUTE OF TECHNOLOGY FOUNDATION Charity Report

Public IRS 990 nonprofit record

FASHION INSTITUTE OF TECHNOLOGY FOUNDATION

EIN 13-5675757 · Education (B)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $67.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders45 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

43.78%of revenue went to mission work67.0% of expenses · Program services

1.83%of revenue went to fundraising2.8% of expenses

$65.32spent for every $100 of revenueRevenue covered expenses this year.

19.71%of revenue went to management and office costs30.2% of expenses

$13.90in assets for every $1 spent this yearSome assets cannot be spent right away.

52.5%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $168,024 for JULIE SYGIEL (DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,446,809

Mission workProgram services$4,135,99643.78% of revenue67.0% of expenses

ManagementOffice and general costs$1,861,72419.71% of revenue30.2% of expenses

FundraisingAsking for donations$172,9591.83% of revenue2.8% of expenses

Revenue left after expensesReported annual surplus$3,276,13034.68% of revenueShown in gray on the chart

Total expenses$6,170,67965.32% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 67.0% mission · 30.2% management · 2.8% fundraisingTotal expenses: 65.32% of revenue

2023Expense mix: 74.1% mission · 23.5% management · 2.4% fundraisingTotal expenses: 102.18% of revenue

2022Expense mix: 56.1% mission · 41.5% management · 2.4% fundraisingTotal expenses: 106.79% of revenue

2021Expense mix: 57.2% mission · 39.8% management · 3.0% fundraisingTotal expenses: 32.54% of revenue

2020Expense mix: 56.7% mission · 41.3% management · 2.0% fundraisingTotal expenses: 75.01% of revenue

2019Expense mix: 57.2% mission · 38.7% management · 4.0% fundraisingTotal expenses: 53.46% of revenue

2018Expense mix: 67.7% mission · 29.5% management · 2.9% fundraisingTotal expenses: 86.50% of revenue

2017Expense mix: 64.7% mission · 30.0% management · 5.3% fundraisingTotal expenses: 72.05% of revenue

Money in and money out

Revenue$9,446,809

Expenses$6,170,679

Annual surplus $3,276,130 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,135,996 · 67.0% of expenses

Management and office costs$1,861,724 · 30.2% of expenses

Fundraising$172,959 · 2.8% of expenses

See all reported dollar amounts

Revenue$9,446,809

Expenses$6,170,679

Assets$85,746,981

Income$24,663,667

Contributions$4,956,737

Mission work (program services)$4,135,996

Fundraising$172,959

Grants given$6,299,232

Average grant$449,945

Management and general$1,861,724

Stocks and bonds$53,335,083

Accounting fees$79,750

Investing fees$289,227

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JULIE SYGIELDIRECTOR · 35 hrs/week $168,024Base $141,025 · Other $26,999

ARIELLE DUMORNAYDIRECTOR OF DEVELOPMENT (END 04/25) · 35 hrs/week $166,596Base $139,943 · Other $26,653

AUDREY TEUBERASSIST. MANAGER OF ADVANCEMENT OPER. · 35 hrs/week $150,654Base $107,238 · Other $43,416

CLAIRE GILVARDIRECTOR, CORPORATE ENGAGEMENT · 35 hrs/week $135,883Base $100,348 · Other $35,535

ANGELA PREVOSTODATABASE ADMINISTRATOR · 35 hrs/week $132,775Base $108,520 · Other $24,255

DR JOYCE F BROWNCHIEF EXECUTIVE OFFICER · 10 hrs/week $44,672

SHERRY BRABHAMCHIEF FINANCIAL OFFICER · 5 hrs/week $10,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (45)

JULIE SYGIELDIRECTOR

ARIELLE DUMORNAYDIRECTOR OF DEVELOPMENT (END 04/25)

AUDREY TEUBERASSIST. MANAGER OF ADVANCEMENT OPER.

CLAIRE GILVARDIRECTOR, CORPORATE ENGAGEMENT

ANGELA PREVOSTODATABASE ADMINISTRATOR

DR JOYCE F BROWNCHIEF EXECUTIVE OFFICER

SHERRY BRABHAMCHIEF FINANCIAL OFFICER

ROBERT RIZZOLODIRECTOR

KARA GAFFNEY ROSSDIRECTOR (START 12/24)

KAREEM GAYLEDIRECTOR (START 09/24)

LAURENCE C LEEDS JRDIRECTOR

LISA CLYDEDIRECTOR

MADELINE GARDNERDIRECTOR

MALONI GOSSDIRECTOR

MISSY POOLDIRECTOR (START 09/24)

MOLLY TAYLORDIRECTOR

MORRIS GOLDFARBDIRECTOR

PHILIPS MCCARTYEXECUTIVE DIRECTOR

ROBERT FISCHDIRECTOR

JANE HERTZMARK HUDISDIRECTOR

SABRINA DHOWRE ELBADIRECTOR (START 12/24)

SAM HADDADDIRECTOR

SARAH DAVISDIRECTOR

SARAH CURTIS HENRYVICE CHAIR

TOM CHUDIRECTOR

TRISH DONNELLYDIRECTOR

FREDRIC DECHNIKDIRECTOR

ADAM BANFIELDDIRECTOR (END 01/25)

ALEX MONTEFALCODIRECTOR

AMBER VALLETTADIRECTOR

COREY MORANDIRECTOR

DAVID CASEYDIRECTOR (END 12/24)

DAYNA ISOM JOHNSONDIRECTOR (END 09/24)

DOUGLAS HANDCHAIR

ERIC FISCHDIRECTOR

FERN MALLISDIRECTOR

KAMIE LIGHTBURNDIRECTOR

GABRIELLA KHALILDIRECTOR (START 09/24)

GEOFFREY GREENBERGDIRECTOR

GIGI GANATRA DUFFDIRECTOR (END 9/24)

GWEN WHITINGDIRECTOR (START XX/XX)

J MICHAEL STANLEYDIRECTOR

JACKEE DE LAGARDEDIRECTOR (START 12/24)

ABBEY DONEGERDIRECTOR

JENNY FRESHWATERDIRECTOR (START 02/25)

About this charity

Recognized since: January 1946
Location: 227 W 27TH ST, NEW YORK, NY 10001-5902
County: New York
In care of: % SHELCI J GRAHAM
Primary officer: SHERRY BRABHAM, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailfitfoundation@fitnyc.edu Phone(212) 217-7820

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Education (B)
IRS tax category: Education
Grant-giving organization: Yes