United Colors of Fashion Inc
Nonprofit profile at a glance
- EIN
- 383847014
- IRS 990-EZ coverage
- 2012–2015
- Forms available
- Form 990-EZ 2015
- Location
- New York, NY, USA
- Phone
- 9172664171
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $9,622
- Expenses
- $9,572
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CIANO JOASIL (PRESIDENT)
- MICHAEL PALLADINO (VICE PRESIDENT)
People named in this filing
- CIANO JOASIL (PRESIDENT)
- MICHAEL PALLADINO (VICE PRESIDENT)
- LOUDIA FERJUSTE (TREASURER)
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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to empower youth through fashion education. United colors of fashion inc is dedicated to providing fashion focused education, mentorship and counseling, internship opportunities, entrepreneurial development and scholarships to under-resourced youth in New York.
What it reported doing in 2015
Fashion education: to date, ucof academy has impacted the lives of over 550 youth in the tri-state area. Our stand (students training arts and design) program is offered free of charge to under-resourced youth. We have been providing fashion focused education, mentorship and counseling and entrepreneurial development.
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
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: 19
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19%; rating input score 19
- Program expense ratio: 19.1%; rating input score 19
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0.5%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -50.1% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -39.4% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: Limited
Details
- Where the money goes: 19% of revenue deployed · 19.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2012 to 2015
- 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.
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 19/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.