TWO TEN FOOTWEAR FOUNDATION INC

EIN: 222579809 501(c)(3) Community Improvement

WALTHAM, MA

Total Revenue
$5,617,798
Total Expenses
$6,186,070
Total Assets
$41,278,020
Net Assets
$40,979,374
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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
MA
Principal Officer
JIM SULLIVAN
Phone
7817361524
Tax Period
2024-07-01 to 2025-06-30

TWO TEN FOOTWEAR FOUNDATION INC, founded in 1939, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TWO TEN LIFTS LIVES IN THE FOOTWEAR COMMUNITY, OFFERING INDUSTRY EMPLOYEES EMERGENCY FINANCIAL ASSISTANCE FOR DISASTER/HARDSHIP, COUNSELING SERVICES, EDUCATIONAL FUNDING, AND PROFESSIONAL DEVELOPMENT

Program Service Accomplishments

Program 1
Expenses: $3,816,036

TWO TEN CHANGES THE LIVES OF FOOTWEAR EMPLOYEES AND THEIR FAMILIES DURING TIMES OF CRISIS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO COVER HOUSING COSTS, UTILITY BILLS, CAR REPAIRS, AND OTHER...

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TWO TEN CHANGES THE LIVES OF FOOTWEAR EMPLOYEES AND THEIR FAMILIES DURING TIMES OF CRISIS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO COVER HOUSING COSTS, UTILITY BILLS, CAR REPAIRS, AND OTHER IMMEDIATE NEEDS; NATURAL DISASTER RELIEF; REFERRALS TO SPECIAL SERVICES SUCH AS CRISIS INTERVENTION, CREDIT AND DEBIT COUNSELING; AND ESSENTIAL COMMUNITY RESOURCES. (CONTINUED ON SCHEDULE O)FUNDS ARE PAID DIRECTLY TO FOOTWEAR EMPLOYEES VIA E-CHECK. PAYMENTS RANGE FROM $1,000 - $3,000 BASED ON NEED. THE POPULATIONS OF FOOTWEAR FAMILIES WE ASSIST WORK IN RETAIL SALES, CUSTOMER SERVICE, FACTORIES, WAREHOUSES, AND DISTRIBUTION CENTERS. MOST PEOPLE WORK IN LOWER-WAGE POSITIONS AND ARE VULNERABLE TO LOSS OF INCOME AT DIFFERENT TIMES OF THE YEAR WHEN BUSINESS SLOWS OR ORDERS IN A FACTORY OR WAREHOUSE DECREASE. TWO TEN PROVIDES RESOURCES FOR FOOTWEAR EMPLOYEES FROM 50 STATES, PUERTO RICO, AND THE U.S. VIRGIN ISLANDS. IN FY25, THE TOP FIVE STATES SEEKING TWO TEN'S SERVICES WERE SOUTH CAROLINA, TEXAS, FLORIDA, GEORGIA, AND PUERTO RICO. THE TWO TEN RELIEF SERVICES TEAM ASSISTED 2,435 FOOTWEAR FAMILIES WITH EMERGENCY ASSISTANCE; 64% OF GRANTEES WERE FEMALE, AND 35% WERE MALE. THE THREE LARGEST AGE GROUPS WHO WE SUPPORTED WERE BETWEEN THE AGES OF 33-50 (46%), 18-32 (34%), AND 51+ (20%). THE REASON MOST CITED BY THOSE NEEDING ASSISTANCE WAS "NATURAL DISASTER," FOLLOWED BY "HEALTH AND "EVICTION/FORECLOSURE."AS PART OF OUR COMMITMENT TO STRENGTHENING THE FOOTWEAR INDUSTRY, TWO TEN FOOTWEAR FOUNDATION OFFERS FOOTWEAR EMPLOYEES AND THEIR FAMILIES HIGHER EDUCATION SCHOLARSHIPS AND CAREER-FOCUSED UPSKILLING AND PROFESSIONAL DEVELOPMENT GRANTS. SCHOLARSHIPS FOR HIGHER EDUCATION ARE BASED ON FINANCIAL NEED, ACADEMIC ABILITY, AND CONTRIBUTIONS BEYOND THE CLASSROOM THAT REFLECT LEADERSHIP, SERVICE, AND COMMUNITY VALUES. IN FY25, TWO TEN FUNDED 148 STUDENTS WITH SCHOLARSHIPS. MOST STUDENTS RECEIVED AN AWARD BETWEEN $4,000 AND $5,000 WITH THE OPPORTUNITY TO RENEW ANNUALLY IF THEY MAINTAIN A REQUIRED GPA OF AT LEAST 2.5 AND CONTINUED TO MEET EMPLOYMENT IN THE FOOTWEAR INDUSTRY. ALL NEW SCHOLARSHIP AWARDS WILL AVERAGE $4,000 PER ANNUM, RENEWABLE FOR THREE YEARS OR UNTIL THEY HAVE COMPLETED THEIR DEGREE OR CERTIFICATE. TO BE ELIGIBLE FOR A TWO TEN SCHOLARSHIP, THE APPLICANT MUST BE WORKING WITHIN THE FOOTWEAR INDUSTRY FOR A MINIMUM OF TWO YEARS OR THE CHILD OF A PARENT WORKING IN THE INDUSTRY FOR THE SAME DURATION. THE SCHOLARS WORKING IN THE FOOTWEAR INDUSTRY COMPRISED 53% OF THE TOTAL POOL, WHILE 47% HAD PARENTS WORKING IN THE FOOTWEAR INDUSTRY. THE APPLICATION ADMINISTRATION PROCESS IS OUTSOURCED TO THE INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES (ISTS). AFTER ISTS PRESENTS THE COMPLETED APPLICATIONS, TWO TEN STAFF RANK APPLICANTS USING A SCORING RUBRIC WEIGHTED BY THE FOLLOWING SYSTEM: 60% FINANCIAL NEED, 25% ACADEMICS BASED ON GPA, AND 15% CONTRIBUTIONS BEYOND THE CLASSROOM THAT REFLECT LEADERSHIP, SERVICE, AND COMMUNITY VALUES. TWO TEN THEN SELECTS THE TOP STUDENTS FROM THE NEW POOL AND THOSE WHO MAINTAINED ELIGIBILITY FROM THE RENEWAL POOL UNTIL THE ENDOWMENT HAS BEEN SPENT.UPSKILLING AND PROFESSIONAL DEVELOPMENT GRANTS OFFER FINANCIAL ASSISTANCE TOWARDS TRAINING AND EDUCATIONAL OPPORTUNITIES TO SUPPORT WOMEN IN ADVANCING IN THEIR CAREER WITHIN THE FOOTWEAR INDUSTRY. COURSES INCLUDED BUT WERE NOT LIMITED TO SELF-PACED VIRTUAL LEARNING AND CERTIFICATIONS IN HUMAN RESOURCES AND IN-PERSON TRAINING FOR FOOTWEAR DESIGNERS, WHICH COVERED A RANGE OF TOPICS FROM FABRICS AND TEXTILES TO MANUFACTURING REQUIREMENTS FOR A SUCCESSFUL DESIGN. IN FY25, 100% OF GRANTEES IDENTIFIED AS WOMEN, WITH 43% WORKING IN CORPORATE, AND 36% IN RETAIL. 68% OF GRANTEES IDENTIFIED AS MID-CAREER AND 20% IDENTIFIED AS EARLY CAREER. ADDITIONALLY, 47% OF GRANTEES REPORTED HAVING AT LEAST ONE DEPENDENT IN THEIR HOUSEHOLD.

Program 2
Expenses: $257,565

TWO TEN FOOTWEAR FOUNDATION BUILDS A STRONGER FOOTWEAR INDUSTRY THROUGH PROFESSIONAL GROUP AND AFFINITY-BASED INITIATIVES THAT CREATE MEANINGFUL OPPORTUNITIES TO CONNECT, LEARN, AND GROW. THESE...

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TWO TEN FOOTWEAR FOUNDATION BUILDS A STRONGER FOOTWEAR INDUSTRY THROUGH PROFESSIONAL GROUP AND AFFINITY-BASED INITIATIVES THAT CREATE MEANINGFUL OPPORTUNITIES TO CONNECT, LEARN, AND GROW. THESE COMMUNITY ENGAGEMENT INITIATIVES ARE STRUCTURED TO ADDRESS THE DISTINCT NEEDS OF TARGETED CONSTITUENCIES AND ARE GUIDED BY ADVISORY BOARDS AND LEADERSHIP COUNCILS THAT SHAPE PROGRAMMING, PARTICIPATION, AND OUTCOMES. PRIMARY CONSTITUENCIES SERVED DURING THE YEAR INCLUDED THE WOMEN IN THE FOOTWEAR INDUSTRY (WIFI) COMMUNITY AND THE HUMAN RESOURCES (HR) COMMUNITY.(CONTINUED ON SCHEDULE O)THE WOMEN IN THE FOOTWEAR INDUSTRY (WIFI) COMMUNITY FOCUSES ON LEADERSHIP DEVELOPMENT, PROFESSIONAL CONNECTION, AND INDUSTRY ENGAGEMENT FOR WOMEN ACROSS ALL CAREER STAGES WITHIN FOOTWEAR. DURING THE YEAR, WIFI DELIVERED VIRTUAL EDUCATIONAL PROGRAMMING AND IN-PERSON NETWORKING OPPORTUNITIES DESIGNED TO FOSTER PEER CONNECTION, ELEVATE INDUSTRY DIALOGUE, AND BUILD AWARENESS OF TWO TEN'S SERVICES AND MISSION. PROGRAMMING TOPICS AND FORMATS WERE DEVELOPED TO BE RELEVANT TO A BROAD AUDIENCE WHILE REMAINING RESPONSIVE TO PROFESSIONAL INTERESTS.THE HUMAN RESOURCES COMMUNITY OPERATES AS A COMMUNITY OF PRACTICE FOR HR PROFESSIONALS IN THE FOOTWEAR INDUSTRY. THIS GROUP ADVANCES PEER LEARNING, THOUGHT LEADERSHIP, AND INDUSTRY COLLABORATION RELATED TO WORKFORCE ENGAGEMENT AND EMPLOYEE SUPPORT. THE HR COMMUNITY ALSO SERVES AS A CONDUIT FOR INCREASING AWARENESS OF TWO TEN'S PROGRAMS, SERVICES, AND SCHOLARSHIP OPPORTUNITIES WITHIN MEMBER ORGANIZATIONS AND AMONG HR PROFESSIONALS ACROSS THE INDUSTRY.

Program 3
Expenses: $460,639

THE TWO TEN FOOTWEAR FOUNDATION IS COMMITTED TO PROVIDING THE HELP AND RESOURCES NEEDED TO IMPROVE THE LIVES AND CAREERS OF FOOTWEAR PROFESSIONALS. IN FY25, TWO TEN LEVERAGED OWNED, EARNED, AND PAID...

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THE TWO TEN FOOTWEAR FOUNDATION IS COMMITTED TO PROVIDING THE HELP AND RESOURCES NEEDED TO IMPROVE THE LIVES AND CAREERS OF FOOTWEAR PROFESSIONALS. IN FY25, TWO TEN LEVERAGED OWNED, EARNED, AND PAID MEDIA TO INCREASE VISIBILITY FOR THE ORGANIZATION AND PROMOTE THE PROGRAMS AND RESOURCES IT PROVIDES IN SUPPORT OF THE COMMUNITY. (CONTINUED ON SCHEDULE O)TWO TEN STAFF HELD DOZENS OF CORPORATE VISITS AND MADE PRESENTATIONS TO AMERICAN FOOTWEAR WORKERS. IN ADDITION, THE ORGANIZATION WORKED WITH STRATEGIC PARTNERS TO SPREAD AWARENESS OF THE FOUNDATION THROUGH PRINT, DIGITAL, AND ONSITE MEDIA AND PAID ADVERTISING. TWO TEN ALSO HOSTED THE HIGHLY VISIBLE ANNUAL GALA FUNDRAISING EVENT IN JUNE OF 2025.ACROSS TWO TEN'S OWNED CHANNELS, SOCIAL MEDIA AND DIGITAL COMMUNICATIONS CONTINUE TO INCREASE IN RELEVANCE AND IMPORTANCE AS CRITICAL COMMUNICATION TOOLS, PROVIDING VIBRANT FORUMS TO REACH, ENGAGE AND EDUCATE THE FOOTWEAR COMMUNITY. TWO TEN'S CONTENT DEVELOPMENT AND MANAGEMENT STRATEGIES DURING FY25 WERE FURTHER EXPANDED, WITH NEW IMPACT STORIES, INTERVIEWS, AND NEWS UPDATES PUSHED OUT THROUGH RELEVANT CHANNELS, INCLUDING THE WEBSITE, EMAIL, AND LINKEDIN. THE FOUNDATION HAS SEEN AN UPTICK IN ITS FOLLOWERS ON MULTIPLE DIGITAL PROPERTIES AND NEW VISITORS TO ITS WEBSITE PLATFORM. THIS EFFORT HAS LED TO INCREASED ENGAGEMENT AND PARTICIPATION WITHIN KEY AREAS OF THE ORGANIZATION.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,898,326
Program Service Revenue $0
Investment Income $1,695,879
Other Revenue $23,593
TOTAL REVENUE $5,617,798

Expense Breakdown

Grants Paid $2,828,581
Salaries & Benefits $2,202,048
Fundraising Expenses $813,693
Program Expenses $4,700,755
Other Expenses $1,155,441
TOTAL EXPENSES $6,186,070

Year-over-Year Comparison

2024 2023 Change
Revenue $5,617,798 $3,800,586 +0.5%
Expenses $6,186,070 $5,133,770 +0.2%
Net Income $-568,272 $-1,333,184 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
36
Independent Members
35
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
34
$0
Key Employees
4
$1,003,219
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF ESPERSEN DIRECTOR 1.00
Director
$0 $0 $0
TSERING NAMGYAL DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE FERREE DIRECTOR 1.00
Director
$0 $0 $0
GLENN BARRETT DIRECTOR 1.00
Director
$0 $0 $0
SUSAN ITZKOWITZ DIRECTOR 1.00
Director
$0 $0 $0
GREG TUNNEY DIRECTOR 1.00
Director
$0 $0 $0
TACEY POWERS DIRECTOR 1.00
Director
$0 $0 $0
TRACY MCLEOD DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN FRANKEL VICE CHAIR 1.00
Officer Director
$0 $0 $0
JIM SALZANO DIRECTOR 1.00
Director
$0 $0 $0
DANNY MUSKAT DIRECTOR 1.00
Director
$0 $0 $0
DAVID KAHAN DIRECTOR 1.00
Director
$0 $0 $0
GREGG RIBATT DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE STIFF SECRETARY 1.00
Officer Director
$0 $0 $0
BEVERLY GOLDBERG DIRECTOR 1.00
Director
$0 $0 $0
BLAKE KRUEGER DIRECTOR 1.00
Director
$0 $0 $0
JIM ISSLER DIRECTOR 1.00
Director
$0 $0 $0
GIOVANNA CIPRIANO DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA GIGANTE DIRECTOR 1.00
Director
$0 $0 $0
KATHY FORSTADT DIRECTOR 1.00
Director
$0 $0 $0
JOEL OBLONSKY DIRECTOR 1.00
Director
$0 $0 $0
BETH CROSS TREASURER 1.00
Officer Director
$0 $0 $0
JENNET CHOW DIRECTOR 1.00
Director
$0 $0 $0
PHILIPPA NEWMAN DIRECTOR 1.00
Director
$0 $0 $0
ED ROSENFELD DIRECTOR 1.00
Director
$0 $0 $0
JOE PRESTON CHAIR 1.00
Director
$0 $0 $0
MARTIN BERMAN DIRECTOR 1.00
Director
$0 $0 $0
SETH CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
TRACY PAOLETTI DIRECTOR 1.00
Director
$0 $0 $0
RONNIE JEFFERSON DIRECTOR 1.00
Director
$0 $0 $0
MARK WORDEN DIRECTOR 1.00
Director
$0 $0 $0
ANNE MEHLMAN DIRECTOR 1.00
Director
$0 $0 $0
DIANE SULLIVAN DEVELOPMENT CONSULTANT 1.00
Director
$0 $0 $0
MICHAEL ATMORE DIRECTOR 1.00
Director
$0 $0 $0
SHAWN OSBORNE PRESIDENT AND CEO 37.50
Key Emp
$430,645 $24,671 $455,316
CLYDE SYLVIA CFO 37.50
Key Emp
$168,023 $11,906 $179,929
BARBARA CLEMENT VP OF MARKETING & COMMUNIC 37.50
Key Emp
$173,252 $12,626 $185,878
LESLIE RENNER VP OF DEVELOPMENT 37.50
Key Emp
$170,190 $11,906 $182,096
ERNESTO TEIXEIRA CONTROLLER 37.50
Highest
$101,164 $0 $101,164
KELLI-BETH VECCHIONE DEVELOPMENT CONSULTANT 37.50
Highest
$126,152 $0 $126,152
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 $5,617,798 $6,186,070 $41,278,020 $-568,272
2024 No data No data No data No data
2023 $4,659,137 $5,708,249 $38,309,975 $-1,049,112
2022 $5,812,562 $5,760,655 $38,171,628 $51,907
2021 $4,279,533 $6,267,008 $45,338,279 $-1,987,475
2020 $5,408,510 $9,794,918 $37,957,081 $-4,386,408
2018 $6,829,460 $6,883,402 $42,615,640 $-53,942
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