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Nonprofiteer
← RUNWAY OF DREAMS FOUNDATION

Form 990 for tax year 2023

Filed by RUNWAY OF DREAMS FOUNDATION.

Totals

Total revenue
$1,067,664
Total expenses
$1,466,894
Contributions and grants received
$1,136,410
Grants paid
$0
Program service revenue
$0
Investment income
$15
Other revenue
-$68,761
Total assets, end of year
$57,129
Total liabilities, end of year
$391,365
Net assets or fund balances, end of year
-$334,236
Program services expenses (Part IX)
$1,048,660
Management and general expenses
$338,027
Fundraising expenses
$80,207
Program service expenses (Part III)
$1,048,660

Program services were 71.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,007,233

  • 1f · All other contributions, gifts and grants

    $129,177

  • 3 · Investment income

    total $15 · related or exempt $15

  • 5 · Royalties

    total $684 · related or exempt $684

  • 8a · Fundraising events: gross income

    $129,177

  • 8a · Fundraising events: contributions included on line 1c

    $1,007,233

  • 8b · Fundraising events: direct expenses

    $198,622

  • 8c · Net income from fundraising events

    total -$69,445 · excluded -$69,445

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $318,298 · program services $112,197 · management and general $138,253 · fundraising $67,848

  • 11c · Fees: accounting

    total $123,181 · management and general $123,181

  • 11g · Fees: other

    total $878,332 · program services $830,462 · management and general $42,575 · fundraising $5,295

  • 12 · Advertising and promotion

    total $4,236 · program services $4,208 · management and general $28

  • 13 · Office expenses

    total $4,752 · program services $1,866 · management and general $2,578 · fundraising $308

  • 17 · Travel

    total $43,566 · program services $39,639 · management and general $3,888 · fundraising $39

  • 22 · Depreciation, depletion and amortization

    total $1,916 · management and general $1,916

  • 23 · Insurance

    total $3,297 · management and general $3,297

  • 24a · Other expenses: MODELING

    total $32,000 · program services $32,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK FEES

    total $23,648 · program services $7,304 · management and general $12,417 · fundraising $3,927

  • 24c · Other expenses: PHOTO SHOOT EXPENSES

    total $20,645 · program services $20,645 · management and general $0 · fundraising $0

  • 24d · Other expenses: COMPUTER & SOFTWARE EXP

    total $12,996 · program services $312 · management and general $9,894 · fundraising $2,790

  • 24e · All other expenses

    total $27 · program services $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,959 · end of year $16,976

  • 3 · Pledges and grants receivable

    beginning of year $9,247 · end of year $21,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,294 · end of year $12,598

  • 10a · Land, buildings and equipment: cost or other basis

    $7,919

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,988

  • 10c · Land, buildings and equipment, net

    beginning of year $5,847 · end of year $3,931

  • 15 · Other assets

    beginning of year $2,304 · end of year $2,304

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,714 · end of year $391,365

  • 19 · Deferred revenue

    beginning of year $12,500 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $192,437 · end of year -$334,236

Mission and programs · 2023

Mission

RUNWAY OF DREAMS FOUNDATION WORKS TOWARD A FUTURE OF INCLUSION, ACCEPTANCE AND OPPORTUNITY IN THE FASHION INDUSTRY FOR PEOPLE WITH DISABILITIES.

Activities or mission (Part I)

RUNWAY OF DREAMS FOUNDATION MISSION IS TO PROVIDE PEOPLE WITH DISABILITIES THE OPPORTUNITY, INCLUSION AND ACCEPTANCE IN THE FASHION INDUSTRY.

  • CAMPAIGN FOR INCLUSION: THROUGH MAJOR MEDIA ENGAGEMENTS, SPEAKING OPPORTUNITIES, CONFERENCES, COMMUNITY PARTNERSHIPS AND COLLEGE CLUBS AND STORY TELLING INITIATIVES, THE FOUNDATION BRINGS VISIBILITY TO DISABILITY BY LEADING THE MOVEMENT OF INCLUSION IN THE FASHION INDUSTRY.

    Expenses $203,382

  • ADAPTIVE RUNWAY SHOWS- THE RUNWAY OF DREAMS FOUNDATION PRODUCES NATIONAL RUNWAY SHOWS THAT CELEBRATE INCLUSION, HIGHLIGHT CHANGE IN THE FASHION INDUSTRY AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE.

    Expenses $793,011

  • SCHOLARSHIPS & COLLEGIATE PROGRAMS: RUNWAY OF DREAMS FOUNDATION INVESTS IN THE FUTURE OF FUNCTIONAL FASHION BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. THE COLLEGE CLUBS ARE OFFICIAL ON CAMPUS, STUDENT-LED CLUBS THAT RAISE AWARENESS OF THE MISSION THROUGH CAMPAIGNS AND SOCIAL MEDIA AND HOST ADAPTIVE RUNWAY SHOWS FEATURING COMMUNITY MEMBERS WITH VARYING DISABILITIES WHO MODEL ADAPTIVE APPAREL.

    Expenses $52,267

As filed on the 2023 return.

Listed in Part VII

  • MINDY SCHEIER

    FOUNDER

    Total calculated
    $0
    Hours/week
    40

  • DAWN ROBERTSON

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DANA NABEREZNY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • MATT LAUKIATIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GENA SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LYDIA SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDREW GRAISER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • KATHRYN CORDES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL ROSENGARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GARY SHEINBAUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVE STEVENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2024
IRS schema version
2023v5.0
Source object
202431309349303753

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