FASHION SCHOLARSHIP FUND

EIN: 208513748 501(c)(3) Education

NEW YORK, NY

Total Revenue
$4,801,201
Total Expenses
$5,393,628
Total Assets
$25,915,524
Net Assets
$25,196,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
JOHN TIGHE
Phone
2122780008
Tax Period
2024-08-01 to 2025-07-31

FASHION SCHOLARSHIP FUND, founded in 2006, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $4,239,137 Revenue: $0

AS THE PREMIER EDUCATIONAL FASHION NON-PROFIT IN THE UNITED STATES, THE FASHION SCHOLARSHIP FUND SEEKS TO IDENTIFY AND CREATE CAREER OPPORTUNITIES FOR YOUNG PEOPLE WORLDWIDE. THE ORGANIZATION GRANTS...

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AS THE PREMIER EDUCATIONAL FASHION NON-PROFIT IN THE UNITED STATES, THE FASHION SCHOLARSHIP FUND SEEKS TO IDENTIFY AND CREATE CAREER OPPORTUNITIES FOR YOUNG PEOPLE WORLDWIDE. THE ORGANIZATION GRANTS THE SINGLE LARGEST SUM OF MONEY AND TOTAL NUMBER OF SCHOLARSHIPS IN THE ENTIRE FASHION COMMUNITY, SUPPLEMENTING FINANCIAL SUPPORT WITH A RICH CURRICULUM OF COMPREHENSIVE, INDUSTRY-LEADING PROGRAMS FOR SCHOLARS, OFFERING HANDS-ON EXPERIENCE WITH THE WORLD'S TOP FASHION COMPANIES AND MOST INFLUENTIAL LEADERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,234,050
Program Service Revenue $0
Investment Income $1,397,744
Other Revenue $-830,593
TOTAL REVENUE $4,801,201

Expense Breakdown

Grants Paid $1,978,332
Salaries & Benefits $1,749,226
Fundraising Expenses $640,174
Program Expenses $4,239,137
Other Expenses $1,647,814
TOTAL EXPENSES $5,393,628

Year-over-Year Comparison

2024 2023 Change
Revenue $4,801,201 $3,364,215 +0.4%
Expenses $5,393,628 $4,020,441 +0.3%
Net Income $-592,427 $-656,226 -0.1%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
38
Independent Members
37
Employees
9
Volunteers
150

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$581,989
Total Directors
39
$581,989
Key Employees
1
$176,990
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER ARNOLD EXECUTIVE DIRECTOR, SECRETARY 40.00
Officer Director
$547,415 $34,574 $581,989
JOHN TIGHE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MARC MASTRONARDI DIRECTOR (CHAIRMAN THRU APR 2025) 2.00
Officer Director
$0 $0 $0
AMANDA SMITH PRESIDENT 2.00
Officer Director
$0 $0 $0
NATA DVIR VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
YEHUDA SHMIDMAN TREASURER (VP THRU JUN 2025) 2.00
Officer Director
$0 $0 $0
HEATH GOLDEN DIRECTOR (TREASURER THRU JUN 2025) 2.00
Officer Director
$0 $0 $0
MIKE ALIC DIRECTOR 2.00
Director
$0 $0 $0
SAM ARCHIBALD DIRECTOR 2.00
Director
$0 $0 $0
DAVID BASSUK DIRECTOR 2.00
Director
$0 $0 $0
KRISTY CASTELLUCCIO DIRECTOR 2.00
Director
$0 $0 $0
CAROLYN D'ANGELO DIRECTOR 2.00
Director
$0 $0 $0
HOWARD FELLER DIRECTOR 2.00
Director
$0 $0 $0
MIKE FRALIX DIRECTOR 2.00
Director
$0 $0 $0
KIERA GANANN DIRECTOR 2.00
Director
$0 $0 $0
ALEX GRINBERG DIRECTOR 2.00
Director
$0 $0 $0
CELESTE GUDAS DIRECTOR 2.00
Director
$0 $0 $0
STACIE HENDERSON-CAPECE MINUTOLO DIRECTOR 2.00
Director
$0 $0 $0
BRITTANY KATZ DIRECTOR 2.00
Director
$0 $0 $0
DAVID KATZ DIRECTOR 2.00
Director
$0 $0 $0
HILDY KURYK DIRECTOR 2.00
Director
$0 $0 $0
MATT LAUKAITIS DIRECTOR 2.00
Director
$0 $0 $0
JESSICA LOMAX DIRECTOR 2.00
Director
$0 $0 $0
MECCA MITCHELL DIRECTOR 2.00
Director
$0 $0 $0
KENNETH NOLAN DIRECTOR 2.00
Director
$0 $0 $0
DAN ORWIG DIRECTOR 2.00
Director
$0 $0 $0
KRISTIN REHBERG DIRECTOR 2.00
Director
$0 $0 $0
PAUL ROSENGARD DIRECTOR 2.00
Director
$0 $0 $0
HEATHER ROUSSEL DIRECTOR THRU APR 2025 2.00
Director
$0 $0 $0
EMILIE RUBINFELD DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL SETOLA DIRECTOR 2.00
Director
$0 $0 $0
STANLEY SILVERSTEIN DIRECTOR 2.00
Director
$0 $0 $0
GENA SMITH DIRECTOR 2.00
Director
$0 $0 $0
CHIP THOMPSON DIRECTOR 2.00
Director
$0 $0 $0
LANA TODOROVICH DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER VECCHIO DIRECTOR 2.00
Director
$0 $0 $0
MARRISA WILSON DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE WLAZLO DIRECTOR 2.00
Director
$0 $0 $0
MELISSA WORTH DIRECTOR 2.00
Director
$0 $0 $0
MARIE COLLETTA DIRECTOR OF ED PROGRAMS 40.00
Key Emp
$151,250 $25,740 $176,990
ANYA KAPLAN DIRECTOR OF PARTNERSHIPS 40.00
Highest
$115,901 $11,136 $127,037
ALYSSA ZINOLA DIRECTOR, EVENTS & SPECIAL PROJECTS 40.00
Highest
$129,244 $0 $129,244
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,801,201 $5,393,628 $25,915,524 $-592,427
2024 $3,364,215 $4,020,441 $26,155,903 $-656,226
2023 $3,080,152 $3,422,722 $25,303,770 $-342,570
2022 $21,006,937 $2,849,873 $25,057,087 $18,157,064
2021 $2,500,994 $2,229,074 $7,380,835 $271,920
2019 $2,992,578 $2,491,463 $7,094,788 $501,115
2018 $1,665,198 $2,440,458 $6,440,613 $-775,260
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