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Fashion Institute of Techology Foundation

Public charity990-T FY2023
DBA: % SHELCI J GRAHAM
Other · NEW YORK, NY · EIN 13-5675757

About

The FIT foundation provides scholarships, fundraising activities,program support and subsidies to the fashion institute of technologyand its component units.

In care of Shelci J Graham

Donations are tax-deductible
Category
Other
Employees
20
Volunteers
29

Financial Snapshot

FY ending 2023-06-30
Revenue
$5.3M
Expenses
$5.6M
Assets
$69.0M
Liabilities
$1.3M

Financial history

$11.9M$5.9M$0
1617181920212223
RevenueExpenses
Latest FY2023: $5.3M · Peak FY2022: $11.9M · Avg: $7.4M

Foreign activity (Schedule F)

Total spent abroad$6.5M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$2.3M
FASHION INSTITUTE OF TECHOLOGY FOUNDATION
Your actions

Address

227 W 27TH ST
New YORK, NY, 10001-590

Governance

Voting board members30
Independent members29
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %2.5%
Permanent endowment %41.9%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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