The Fashionistas
Nonprofit profile at a glance
- EIN
- 204440038
- IRS 990-EZ coverage
- 2010–2012
- Forms available
- Form 990-EZ 2012
- Location
- Dallas, TX, USA
- Phone
- 2143945848
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $68,174
- Expenses
- $62,593
- Assets
- $8,398
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
16 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The fashionistas' mission is to be an international champion of the fashion arts through exhibits, scholarships, educational programs, and to position dallas in its rightful place as a portal to the global fashion community.
What it reported doing in 2012
The fashionistas provide scholarships and financial support to the local fashion design community to support education, emerging designers, and growth of the fashion industry in dallas.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 93% 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. 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: 21
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.2%; rating input score 20
- Program expense ratio: 22%; rating input score 22
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 8.2%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -42.7% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -27.4% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -26.9% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 20.2% of revenue deployed · 22% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $14K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2010 to 2012
- 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 — Financial Efficiency: Mission deployment rate scored 20/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.