RUNWAY OF DREAMS FOUNDATION Charity Report

Public IRS 990 nonprofit record

RUNWAY OF DREAMS FOUNDATION

EIN 46-4077199 · Human Service Organizations (P20)

What they do

RUNWAY of DREAMS EMPOWERS PEOPLE WITH DISABILITIES to HAVE CONFIDENCE and SELF-EXPRESSION THROUGH FASHION and BEAUTY INCLUSION. WE WORK to GIVE PEOPLE WITH DISABILITIES ACCESS to FASHION THAT EXCITES and EMPOWERS THEM. (CONTINUED ON SCHEDULE O)WE RAISE AWARENESS, EDUCATE CONSUMERS, ADVOCATE for INDUSTRY CHANGE and DEVELOP THE NEXT GENERATION of INNOVATORS and LEADERS.FOUNDED ON THE BASIS THAT CLOTHING is A BASIC HUMAN NEED, THE RUNWAY of DREAMS FOUNDATION DEVELOPS, DELIVERS, and SUPPORTS CHARITABLE INITIATIVES to BROADEN THE REACH of ADAPTIVE CLOTHING and PROMOTE THE DIFFERENTLY ABLED COMMUNITY IN THE FASHION INDUSTRY. THROUGH ADAPTIVE CLOTHING DONATIONS, EMPLOYMENT OPPORTUNITY INITIATIVES, ADAPTIVE DESIGN WORKSHOPS, AWARENESS BUILDING CAMPAIGNS, and SCHOLARSHIP PROGRAMS, THE RUNWAY of DREAMS FOUNDATION is EMPOWERING PEOPLE WITH DISABILITIES WITH OPPORTUNITY, CONFIDENCE, INDEPENDENCE, and STYLE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.10 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 leaders10 people are listed in the latest report.

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

Money made simple

83.98%of revenue went to mission work70.1% of expenses · Program services

5.10%of revenue went to fundraising4.3% of expenses

$119.81spent for every $100 of revenueSpending was higher than revenue this year.

30.73%of revenue went to management and office costs25.6% of expenses

$0.06in assets for every $1 spent this yearSome assets cannot be spent right away.

116.2%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 $174,624 this year. Ask whether that was planned or caused by a one-time event.

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$881,661

Mission workProgram services$740,37883.98% of revenue70.1% of expenses

ManagementOffice and general costs$270,93730.73% of revenue25.6% of expenses

FundraisingAsking for donations$44,9705.10% of revenue4.3% of expenses

Total expenses$1,056,285119.81% 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: 70.1% mission · 25.6% management · 4.3% fundraisingTotal expenses: 119.81% of revenue

2023Expense mix: 71.5% mission · 23.0% management · 5.5% fundraisingTotal expenses: 137.39% of revenue

2022Expense mix: 77.8% mission · 16.9% management · 5.3% fundraisingTotal expenses: 101.83% of revenue

2021Expense mix: 79.3% mission · 14.9% management · 5.8% fundraisingTotal expenses: 64.25% of revenue

2020Expense mix: 64.8% mission · 21.9% management · 13.3% fundraisingTotal expenses: 153.34% of revenue

2019Expense mix: 79.2% mission · 15.6% management · 5.1% fundraisingTotal expenses: 80.20% of revenue

2018Expense mix: 74.2% mission · 17.2% management · 8.6% fundraisingTotal expenses: 160.13% of revenue

2017Expense mix: 73.4% mission · 14.3% management · 12.4% fundraisingTotal expenses: 71.61% of revenue

Money in and money out

Revenue$881,661

Expenses$1,056,285

Annual shortfall $174,624 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)$740,378 · 70.1% of expenses

Management and office costs$270,937 · 25.6% of expenses

Fundraising$44,970 · 4.3% of expenses

See all reported dollar amounts

Revenue$881,661

Expenses$1,056,285

Assets$63,660

Income$1,098,942

Contributions$1,024,457

Mission work (program services)$740,378

Fundraising$44,970

Grants given$30,000

Average grant$10,000

Management and general$270,937

Accounting fees$89,436

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (10)

DANA NABEREZNYTRUSTEE

DAVE STEVENSTRUSTEE

DAWN ROBERTSONTRUSTEE

GARY SHEINBAUMTRUSTEE

KATHRYN CORDESTRUSTEE

LYDIA SMITHTRUSTEE

MATT LAUKAITISTRUSTEE

MEGHAN ASHATRUSTEE

MINDY SCHEIERFOUNDER & CEO

PAUL ROSENGARDTRUSTEE

About this charity

Recognized since: January 2014
Location: 2 DEVONSHIRE RD, LIVINGSTON, NJ 07039-6204
County: New York
In care of: % MINDY SCHEIER
Primary officer: CAROL KHOURY, CFO

How to reach them

WebsiteVisit the charity’s website EmailINFO@RUNWAYOFDREAMS.ORG Phone(212) 727-4200

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Human Service Organizations (P20)
IRS tax category: Human Service Organizations
Grant-giving organization: Yes