Fashion Arts Collective Co Michael Schilken Dvorak Law Group

Nonprofit profile at a glance

EIN
454025396
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Omaha, NE, USA
Phone
4023424487
Rating confidence
Limited
Sector
Arts Education

Official website

Reported finances

Revenue
$32,592
Expenses
$42,543
Assets
$3,751

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • MICHAEL C SCHILKEN (Director)
  • ELEANOR SAM HOHMAN (Director)
  • PAM FINN (Director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fashion arts collective was formed for the promotion of education through the instruction or training of the individual fashion industry segment for the purpose of promoting education through the promotion of arts and culture expressed in the area of fashion design.

What it reported doing in 2024

Nurture aspiring designer talent by supporting and developing the midwest fashion ecosystem through programs that offer creative inspiration, training opportunities, resources and business incubation to unlock the creative entrepreneurial potential in our young people. Grants are issued to designers for expenses that further their creativity, production, and businesses and may include supplies, travel, and professional services. The grants are awarded on a qualified basis.

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
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 18
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -30.5%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 27.5% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -2.9% per year; rating input score 0; 40th percentile among comparable filings
  • Asset growth: -8.7% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 18/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.