Rent the Runway I Foundation
Nonprofit profile at a glance
- EIN
- 814503935
- IRS 990-EZ coverage
- 2018–2020
- Forms available
- Form 990 2017, Form 990-EZ 2020
- Location
- New York, NY, USA
- Phone
- 2024873670
- Rating confidence
- Limited
- Sector
- Business and Industry
Reported finances
- Revenue
- $3
- Expenses
- $1,945
- Assets
- $41,737
- Liabilities
- $212
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Jenny Fleis (Vice President)
People named in this filing
- Jennifer Stybel (Pres/Secretary)
- Beth Janson (Chair/Treasurer)
- Jenny Fleis (Vice President)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rent the Runway I Foundation seeks to democratize entrepreneurship for female founders in order to achieve gender parity among our societys leadership. With the view that entrepreneurship is the engine of societal change, and that varied perspectives lead to the best innovations, the Foundation supports women entrepreneurs as they build their companies.
What it reported doing in 2020
No program activities during 2020.
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: 39
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -64,733.3%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 21.46; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -113.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -76.7% per year; rating input score 0; 2nd 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 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2018 to 2020
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.