Arts of Fashion Foundation
Nonprofit profile at a glance
- EIN
- 371429243
- IRS 990-EZ coverage
- 2014–2023
- Forms available
- Form 990-EZ 2023
- Location
- San Francisco, CA, USA
- Phone
- 4157347125
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $30,300
- Expenses
- $31,938
- Assets
- $4,533
- Liabilities
- $91,459
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- NATHALIE DOUCET (President)
People named in this filing
- NATHALIE DOUCET (President)
- PHILIPPE HOUEIX (Treasurer)
- DR JEANNE BELHUMEUR (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The arts of fashion foundation is a san francisco based 501(c)(3) public non-profit organization that links academics and professionals. It is dedicated to fostering international cultural exchange through a variety of educational programs and events that promote critical thinking and advance the field of fashion amoung artists, designers, scholars and students. The foundation's primary focus is on the continuous support of creativity, the design process, and the arts associated with these fields.
What it reported doing in 2023
In the spring of 2023, the foundation received fashion design proposals from over 300 students representing 116 fashion institutions across 28 countries. Hosted at the asian art museum of san francisco, 50 projects showcasing creative and innovative potential were selected from this group. These projects compete for opportunities to win apprenticeships with renowned fashion houses and scholarships for creative programs to further their careers.on saturday, april 29th, the first-round jury committee of the international arts of fashion competition met to identify the 50 candidates in fashion and accessories, based on the students' 2d submissions. Judging criteria included coherence with the 2023 theme, inflexion, as well as originality, creativity, artful expressiveness, innovation, and craftsmanship.the arts of fashion contest is a year-long program aimed at facilitating exchanges amoung students, professors, and industry professionals. The goal is to recognize the most creative works and reward students with high potential by offering them opportunities to further their education and facilitate their careers. Awarded students receive the chance to participate in the arts of fashion program of excellence, work in apprenticeships with established designers, or gain experience in the design studios of les metiers d'art of chanel.with such a wide variety of quality designs and original concepts, the competition was fierce. However, the 50 selected candidates were unable to present their works, and thus, the final selection has been postponed to a later date.the foundation continues its partnership with the cristobal balenciaga museum, offering a one month, four-week intensive fashion summer program, as well as with the asian art museum in san francisco. Through these events, the arts of fashion foundation aimes to create strong ties and promote creative exchange amoung design professionals in all areas of the fashion world.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 28
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.4%; rating input score 93
- Program expense ratio: 88.6%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.4%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 20.18; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -8.2% per year; rating input score 0; 31st percentile among comparable filings
- Revenue growth: -10.7% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 93.4% of revenue deployed · 88.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $28K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2014 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.