FASHION LAW INSTITUTE

EIN: 273839336 501(c)(3) Education

New York, NY

Total Revenue
$143,791
Total Expenses
$132,621
Total Assets
$93,865
Net Assets
$93,865
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DE
Principal Officer
Susan Scafidi
Phone
2126367697
Tax Period
2024-07-01 to 2025-06-30

FASHION LAW INSTITUTE, founded in 2010, is a small nonprofit in the Education sector that reported $144K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $133K left a modest 8% surplus.

Mission

The Fashion Law Institute is the world's first academic center dedicated to the legal issues arising throughout the life of a garment. The Institute carries out its purposes as an educational organization by advancing the field of fashion law through formal instruction, experiential education, and scholarly research.

Program Service Accomplishments

Program 1
Expenses: $3,779 Revenue: $0

Teaching and research in fashion law remained central to the Institute's mission. The foundational course continued to be the original Fashion Law course, which defined the field and was created and...

Read more

Teaching and research in fashion law remained central to the Institute's mission. The foundational course continued to be the original Fashion Law course, which defined the field and was created and taught by the Institute's founder, Professor Susan Scafidi. Other courses included Fashion and International Trade, covering cutting-edge issues in customs and other matters affecting the global supply chain; Fashion and Commercial Real Estate Law, covering the legal framework for leasing, owning, and managing real property in the fashion economy; Fashion Law and Social Justice, examining the role of fashion in constructive social change; the Fashion Law and Finance course, exploring the role of law and lawyers in developing a global fashion brand; Fashion Ethics, Sustainability and Development, exploring the intersection of fashion law and social values, including such topics as green fashion, fair trade and fashion-related social enterprise; Fashion Licensing, examining the law and business of fashion licensing, the anatomy of a license agreement, and current trends in the industry in the US and worldwide; Cosmetics Regulation, examining legal and ethical issues pertaining to cosmetics and personal care products; Fashion Law Drafting and the Fashion Law Practicum, providing practical experience with legal aspects of the fashion industry; Fashion Retail Law, examining the legal framework for the shopping environment, including retail stores, websites, and privacy and security issues raised by new technology; and the Capstone course for graduating students in the Fordham School of Law Master's degree programs in Fashion Law.

Program 2
Expenses: $122,714 Revenue: $141,805

In conjunction with the Institute's classroom instruction, a related aspect of the Institute's educational mission is the advancement of understanding in fashion law through seminars, symposia...

Read more

In conjunction with the Institute's classroom instruction, a related aspect of the Institute's educational mission is the advancement of understanding in fashion law through seminars, symposia, continuing legal education, Fashion Law Bootcamp, and other programs open to both students and the general public. Topics covered in the 2024-25 academic year included women designers and fashion law; cutting-edge legal issues facing lawyers in the fashion industry; crisis management; current developments in antitrust and intellectual property law; and the future of sustainability and fashion ethics in the wake of recent legal developments. The Fashion Law Institute also continued to conduct its pro bono Fashion Law Pop-Up Clinic program, both in person and online via Zoom, with eight Pop-Up Clinics held during the 2024-2025 academic year. At each Pop-Up Clinic, students met with lawyers and designers for attorney-supervised legal training by assisting fashion clients. Besides gaining educational experience through being involved in pro-bono consultations, students also learned about fashion law and the fashion business by serving in Institute-supervised internships as well as by assisting with various Institute events.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,984
Program Service Revenue $141,805
Investment Income $2
Other Revenue $0
TOTAL REVENUE $143,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $981
Fundraising Expenses $0
Program Expenses $126,493
Other Expenses $131,640
TOTAL EXPENSES $132,621

Year-over-Year Comparison

2024 2023 Change
Revenue $143,791 $156,543 -0.1%
Expenses $132,621 $114,971 +0.2%
Net Income $11,170 $41,572 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
20

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Scafidi President and director 40.00
Officer Director
$0 $0 $0
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 $143,791 $132,621 $93,865 $11,170
2019 $203,017 $155,141 $58,166 $47,876
2018 $172,428 $167,739 $10,290 $4,689
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FASHION LAW INSTITUTE with other nonprofits in New York and across the country.