FASHION SCHOLARSHIP FUND Charity Report

Public IRS 990 nonprofit record

FASHION SCHOLARSHIP FUND

EIN 20-8513748 · Scholarships & Student Financial Aid (B82)

What they do

to ADVANCE THE FASHION INDUSTRY BY ENCOURAGING GIFTED and ENTERPRISING YOUNG PEOPLE to PURSUE CAREERS IN DESIGN, MERCHANDISING, RETAILING and BUSINESS, ENSURING THE INDUSTRY WILL CONTINUE to ATTRACT DEDICATED and CAPABLE INDIVIDUALS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.60 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 leaders42 people are listed in the latest report.

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

Money made simple

88.29%of revenue went to mission work78.6% of expenses · Program services

13.33%of revenue went to fundraising11.9% of expenses

$112.34spent for every $100 of revenueSpending was higher than revenue this year.

10.71%of revenue went to management and office costs9.5% of expenses

$4.80in assets for every $1 spent this yearSome assets cannot be spent right away.

88.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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.

Worth asking: Expenses exceeded revenue by $592,427 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $581,989 for PETER ARNOLD (EXECUTIVE DIRECTOR, SECRETARY). 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$4,801,201

Mission workProgram services$4,239,13788.29% of revenue78.6% of expenses

ManagementOffice and general costs$514,31710.71% of revenue9.5% of expenses

FundraisingAsking for donations$640,17413.33% of revenue11.9% of expenses

Total expenses$5,393,628112.34% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 78.6% mission · 9.5% management · 11.9% fundraisingTotal expenses: 112.34% of revenue

2023Expense mix: 78.3% mission · 9.4% management · 12.3% fundraisingTotal expenses: 119.51% of revenue

2022Expense mix: 74.4% mission · 10.2% management · 15.4% fundraisingTotal expenses: 111.12% of revenue

2021Expense mix: 75.1% mission · 9.9% management · 15.0% fundraisingTotal expenses: 13.57% of revenue

2020Expense mix: 74.9% mission · 8.7% management · 16.5% fundraisingTotal expenses: 89.13% of revenue

2018Expense mix: 77.8% mission · 10.2% management · 12.0% fundraisingTotal expenses: 83.25% of revenue

2017Expense mix: 79.4% mission · 12.6% management · 8.0% fundraisingTotal expenses: 146.56% of revenue

2016Expense mix: 75.8% mission · 15.0% management · 9.2% fundraisingTotal expenses: 81.14% of revenue

Money in and money out

Revenue$4,801,201

Expenses$5,393,628

Annual shortfall $592,427 Expenses were higher than revenue 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)$4,239,137 · 78.6% of expenses

Management and office costs$514,317 · 9.5% of expenses

Fundraising$640,174 · 11.9% of expenses

See all reported dollar amounts

Revenue$4,801,201

Expenses$5,393,628

Assets$25,915,524

Income$41,211,060

Contributions$4,234,050

Mission work (program services)$4,239,137

Fundraising$640,174

Management and general$514,317

Stocks and bonds$9,894,683

Accounting fees$125,468

Investing fees$102,327

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

PETER ARNOLDEXECUTIVE DIRECTOR, SECRETARY · 40 hrs/week $581,989Base $547,415 · Other $34,574

MARIE COLLETTADIRECTOR OF ED PROGRAMS · 40 hrs/week $176,990Base $151,250 · Other $25,740

ALYSSA ZINOLADIRECTOR, EVENTS & SPECIAL PROJECTS · 40 hrs/week $129,244

ANYA KAPLANDIRECTOR OF PARTNERSHIPS · 40 hrs/week $127,037Base $115,901 · Other $11,136

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 (42)

PETER ARNOLDEXECUTIVE DIRECTOR, SECRETARY

MARIE COLLETTADIRECTOR OF ED PROGRAMS

ALYSSA ZINOLADIRECTOR, EVENTS & SPECIAL PROJECTS

ANYA KAPLANDIRECTOR OF PARTNERSHIPS

KRISTY CASTELLUCCIODIRECTOR

YEHUDA SHMIDMANTREASURER (VP THRU JUN 2025)

LANA TODOROVICHDIRECTOR

MARC MASTRONARDIDIRECTOR (CHAIRMAN THRU APR 2025)

MARRISA WILSONDIRECTOR

MATT LAUKAITISDIRECTOR

MECCA MITCHELLDIRECTOR

MELISSA WORTHDIRECTOR

MICHAEL SETOLADIRECTOR

MICHELLE WLAZLODIRECTOR

MIKE ALICDIRECTOR

MIKE FRALIXDIRECTOR

NATA DVIRVICE PRESIDENT

PAUL ROSENGARDDIRECTOR

SAM ARCHIBALDDIRECTOR

STACIE HENDERSON-CAPECEMINUTOLO DIRECTOR

STANLEY SILVERSTEINDIRECTOR

ALEX GRINBERGDIRECTOR

GENA SMITHDIRECTOR

AMANDA SMITHPRESIDENT

BRITTANY KATZDIRECTOR

CAROLYN DANGELODIRECTOR

CELESTE GUDASDIRECTOR

CHIP THOMPSONDIRECTOR

DAN ORWIGDIRECTOR

DAVID BASSUKDIRECTOR

DAVID KATZDIRECTOR

EMILIE RUBINFELDDIRECTOR

KRISTIN REHBERGDIRECTOR

HEATH GOLDENDIRECTOR (TREASURER THRU JUN 2025)

HEATHER ROUSSELDIRECTOR THRU APR 2025

HILDY KURYKDIRECTOR

HOWARD FELLERDIRECTOR

JENNIFER VECCHIODIRECTOR

JESSICA LOMAXDIRECTOR

JOHN TIGHECHAIRMAN

KENNETH NOLANDIRECTOR

KIERA GANANNDIRECTOR

About this charity

Recognized since: January 2007
Location: 224 W 35TH ST STE 500, NEW YORK, NY 10001-2538
County: New York
In care of: % DOUGLAS C EVANS
Primary officer: PETER ARNOLD, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(212) 278-0008

Filing and classification

Latest tax year: 2024
Tax period began: August 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid