TWO TEN FOOTWEAR FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

TWO TEN FOOTWEAR FOUNDATION INC

EIN 22-2579809 · Community Improvement & Capacity Building (S410)

What they do

TWO TEN SUPPORTS FOOTWEAR EMPLOYEES WITH DISASTER/HARDSHIP RELIEF, (CONTINUED ON SCHEDULE O) COUNSELING, EDUCATIONAL FUNDING, and PROFESSIONAL DEVELOPMENT OPPORTUNITIES, NETWORKING, and COMMUNITY-BUILDING.TWO TEN is ACTIVE IN FOUR KEY PROGRAM AREAS: 1. RELIEF: TWO TEN AWARDS DISASTER and HARDSHIP RELIEF GRANTS to INDUSTRY EMPLOYEES IN NEED DURING TIMES of HARDSHIP and CRISIS. 2. EDUCATION: TWO TEN AWARDS COLLEGE SCHOLARSHIPS to INDUSTRY EMPLOYEES and THEIR DEPENDENTS to MAKE HIGHER EDUCATION MORE AFFORDABLE for FOOTWEAR FAMILIES. WE ALSO OFFER UPSKILLING and PROFESSIONAL DEVELOPMENT GRANTS to FOOTWEAR EMPLOYEES SEEKING CAREER-FOCUSED TRAINING (THROUGH A GRANT PROGRAM THAT is CURRENTLY FOCUSED ON SUPPORTING WOMEN IN FOOTWEAR).3. COUNSELING: TWO TEN OFFERS AN EMPLOYEE ASSISTANCE PROGRAM THAT PROVIDES FREE and CONFIDENTIAL ACCESS to MENTAL HEALTH SERVICES, FINANCIAL COUNSELING, and OTHER WORK/LIFE BALANCE RESOURCES. 4. COMMUNITY: TWO TEN CONVENES INDUSTRY GROUPS (PROFESSIONAL

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.00 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 leaders40 people are listed in the latest report.

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

Money made simple

83.68%of revenue went to mission work76.0% of expenses · Program services

14.48%of revenue went to fundraising13.2% of expenses

$110.12spent for every $100 of revenueSpending was higher than revenue this year.

11.96%of revenue went to management and office costs10.9% of expenses

$6.67in assets for every $1 spent this yearSome assets cannot be spent right away.

69.4%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 $568,272 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $455,316 for SHAWN OSBORNE (PRESIDENT AND CEO). 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$5,617,798

Mission workProgram services$4,700,75583.68% of revenue76.0% of expenses

ManagementOffice and general costs$671,62211.96% of revenue10.9% of expenses

FundraisingAsking for donations$813,69314.48% of revenue13.2% of expenses

Total expenses$6,186,070110.12% 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: 76.0% mission · 10.9% management · 13.2% fundraisingTotal expenses: 110.12% of revenue

2023Expense mix: 69.7% mission · 15.1% management · 15.1% fundraisingTotal expenses: 135.08% of revenue

2022Expense mix: 70.6% mission · 14.6% management · 14.8% fundraisingTotal expenses: 122.52% of revenue

2021Expense mix: 72.4% mission · 12.9% management · 14.7% fundraisingTotal expenses: 99.11% of revenue

2020Expense mix: 77.8% mission · 10.7% management · 11.5% fundraisingTotal expenses: 146.44% of revenue

2019Expense mix: 79.7% mission · 10.1% management · 10.2% fundraisingTotal expenses: 181.10% of revenue

2017Expense mix: 79.0% mission · 10.0% management · 11.0% fundraisingTotal expenses: 100.79% of revenue

2016Expense mix: 78.2% mission · 9.7% management · 12.1% fundraisingTotal expenses: 80.66% of revenue

Money in and money out

Revenue$5,617,798

Expenses$6,186,070

Annual shortfall $568,272 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)$4,700,755 · 76.0% of expenses

Management and office costs$671,622 · 10.9% of expenses

Fundraising$813,693 · 13.2% of expenses

See all reported dollar amounts

Revenue$5,617,798

Expenses$6,186,070

Assets$41,278,020

Income$7,819,915

Contributions$3,898,326

Mission work (program services)$4,700,755

Fundraising$813,693

Management and general$671,622

Stocks and bonds$30,258,681

Accounting fees$24,500

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

SHAWN OSBORNEPRESIDENT AND CEO · 38 hrs/week $455,316Base $430,645 · Other $24,671

BARBARA CLEMENTVP OF MARKETING & COMMUNIC · 38 hrs/week $185,878Base $173,252 · Other $12,626

LESLIE RENNERVP OF DEVELOPMENT · 38 hrs/week $182,096Base $170,190 · Other $11,906

CLYDE SYLVIACFO · 38 hrs/week $179,929Base $168,023 · Other $11,906

KELLI-BETH VECCHIONEDEVELOPMENT CONSULTANT · 38 hrs/week $126,152

ERNESTO TEIXEIRACONTROLLER · 38 hrs/week $101,164

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 (40)

SHAWN OSBORNEPRESIDENT AND CEO

BARBARA CLEMENTVP OF MARKETING & COMMUNIC

LESLIE RENNERVP OF DEVELOPMENT

CLYDE SYLVIACFO

KELLI-BETH VECCHIONEDEVELOPMENT CONSULTANT

ERNESTO TEIXEIRACONTROLLER

JOEL OBLONSKYDIRECTOR

TSERING NAMGYALDIRECTOR

JONATHAN FRANKELVICE CHAIR

KATHY FORSTADTDIRECTOR

LAWRENCE STIFFSECRETARY

MARK WORDENDIRECTOR

MARTIN BERMANDIRECTOR

MICHAEL ATMOREDIRECTOR

PHILIPPA NEWMANDIRECTOR

RONNIE JEFFERSONDIRECTOR

SETH CAMPBELLDIRECTOR

SUSAN ITZKOWITZDIRECTOR

TACEY POWERSDIRECTOR

TRACY MCLEODDIRECTOR

TRACY PAOLETTIDIRECTOR

ANNE MEHLMANDIRECTOR

ED ROSENFELDDIRECTOR

BETH CROSSTREASURER

BEVERLY GOLDBERGDIRECTOR

BLAKE KRUEGERDIRECTOR

CHRISTINA GIGANTEDIRECTOR

DANNY MUSKATDIRECTOR

DAVID KAHANDIRECTOR

DEBBIE FERREEDIRECTOR

DIANE SULLIVANDEVELOPMENT CONSULTANT

JOE PRESTONCHAIR

GIOVANNA CIPRIANODIRECTOR

GLENN BARRETTDIRECTOR

GREG TUNNEYDIRECTOR

GREGG RIBATTDIRECTOR

JEFF ESPERSENDIRECTOR

JENNET CHOWDIRECTOR

JIM ISSLERDIRECTOR

JIM SALZANODIRECTOR

About this charity

Recognized since: January 1985
Location: 1466 MAIN STREET, WALTHAM, MA 02451
County: Middlesex
In care of: SHAWN OSBORNE
Primary officer: SHAWN OSBORNE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emaildevelopment@twoten.org Phone(781) 736-1524

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: DANIEL DENNIS & COMPANY LLP
NTEE classification: Community Improvement & Capacity Building (S410)