National Fashion Foundation Corp
Nonprofit profile at a glance
- EIN
- 853075463
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Washington, DC, USA
- Phone
- 2026009274
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $63,394
- Expenses
- $20,870
- Assets
- $104,229
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Melvin Ean Williams (Executive Director)
People named in this filing
- Melvin Ean Williams (Executive 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
DC Fashion Week is a tax exempt organization under section 501(c)(3) of the IRS code. Therefore 100% of the proceeds support DC Fashion Week's day to day operations. Together, we are establishing Washington as a Center of International Fashion.
What it reported doing in 2024
National Fashion Foundation is a social foundation that delivers fashion forward designs and performances to individuals in the Washington D.C area. We provide a platform for upcoming fashion forward designers to showcase their works to those form around the world.
Operating model
- Revenue model
- Other-operating. 79% of the money available for current operations came from other operating revenue.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 2
- Transparency & Controls: 100
- Sustainability: 84
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.7%; rating input score 2
- Program expense ratio: 2.8%; rating input score 3
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 67.1%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 4.99; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -139.1% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 35.3% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 58.8% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 1.7% of revenue deployed · 2.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $580 in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 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 — Financial Efficiency: Mission deployment rate scored 2/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.