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Nonprofiteer
← TWO TEN FOOTWEAR FOUNDATION INC

Form 990 for tax year 2023

Filed by TWO TEN FOOTWEAR FOUNDATION INC.

Totals

Total revenue
$3,800,586
Total expenses
$5,133,770
Contributions and grants received
$2,516,476
Grants paid
$1,935,122
Program service revenue
$0
Investment income
$936,928
Other revenue
$347,182
Total assets, end of year
$39,593,032
Total liabilities, end of year
$466,163
Net assets or fund balances, end of year
$39,126,869
Program services expenses (Part IX)
$3,580,035
Management and general expenses
$777,206
Fundraising expenses
$776,529
Program service expenses (Part III)
$3,580,035

Program services were 69.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,516,476

  • 3 · Investment income

    total $304,114 · unrelated business $100,672 · excluded $203,442

  • 7a · Gross sales of assets other than inventory

    securities $2,408,132

  • 7b · Less cost or other basis and sales expenses

    securities $1,775,318

  • 7c · Gain or loss

    securities $632,814

  • 7d · Net gain or loss

    total $632,814 · excluded $632,814

  • 8a · Fundraising events: gross income

    $887,210

  • 8b · Fundraising events: direct expenses

    $540,028

  • 8c · Net income from fundraising events

    total $347,182 · excluded $347,182

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,935,122 · program services $1,935,122

  • 5 · Compensation of officers, directors and key employees

    total $1,062,885 · program services $741,203 · management and general $160,911 · fundraising $160,771

  • 7 · Other salaries and wages

    total $722,487 · program services $215,286 · management and general $266,764 · fundraising $240,437

  • 8 · Pension plan contributions

    total $57,021 · program services $29,818 · management and general $14,428 · fundraising $12,775

  • 9 · Other employee benefits

    total $107,432 · program services $87,069 · fundraising $20,363

  • 10 · Payroll taxes

    total $129,061 · program services $72,093 · management and general $27,611 · fundraising $29,357

  • 11b · Fees: legal

    total $3,857 · management and general $3,857

  • 11c · Fees: accounting

    total $42,000 · management and general $42,000

  • 12 · Advertising and promotion

    total $27,500 · program services $27,500

  • 13 · Office expenses

    total $12,535 · program services $7,936 · management and general $1,412 · fundraising $3,187

  • 14 · Information technology

    total $176,515 · program services $109,715 · management and general $18,559 · fundraising $48,241

  • 17 · Travel

    total $86,105 · program services $20,291 · management and general $42,194 · fundraising $23,620

  • 20 · Interest

    total $5,576 · management and general $5,576

  • 22 · Depreciation, depletion and amortization

    total $38,084 · program services $24,374 · management and general $4,189 · fundraising $9,521

  • 23 · Insurance

    total $21,982 · program services $14,069 · management and general $2,418 · fundraising $5,495

  • 24a · Other expenses: CONSULTING EXPENSE

    total $399,579 · program services $195,528 · management and general $28,533 · fundraising $175,518

  • 24b · Other expenses: ADMIN

    total $102,003 · management and general $102,003

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $75,857 · program services $48,548 · management and general $8,344 · fundraising $18,965

  • 24d · Other expenses: TELEPHONE

    total $32,425 · program services $22,346 · management and general $3,198 · fundraising $6,881

  • 24e · All other expenses

    total $95,744 · program services $29,137 · management and general $45,209 · fundraising $21,398

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $326,064 · end of year $245,713

  • 3 · Pledges and grants receivable

    beginning of year $3,949,413 · end of year $2,935,488

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,789 · end of year $158,285

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

    $417,692

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

    $344,466

  • 10c · Land, buildings and equipment, net

    beginning of year $96,656 · end of year $73,226

  • 11 · Investments: publicly traded securities

    beginning of year $27,659,851 · end of year $29,229,861

  • 12 · Investments: other securities

    beginning of year $5,797,179 · end of year $6,727,757

  • 15 · Other assets

    beginning of year $319,023 · end of year $222,702

  • 17 · Accounts payable and accrued expenses

    beginning of year $389,421 · end of year $216,893

  • 25 · Other liabilities

    beginning of year $345,268 · end of year $249,270

  • 27 · Net assets without donor restrictions

    beginning of year $2,534,090 · end of year $3,078,458

  • 28 · Net assets with donor restrictions

    beginning of year $35,041,196 · end of year $36,048,411

Mission and programs · 2023

Mission

CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATION, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMERLY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS.

Activities or mission (Part I)

CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT CONTINUATION

  • TWO TEN CHANGES THE LIVES OF FOOTWEAR EMPLOYEES AND THEIR FAMILIES DURING TIMES OF IMMEDIATE CRISIS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO COVER HOUSING COSTS, UTILITY BILLS, CAR REPAIRS, AND OTHER IMMEDIATE NEEDS; NATURAL DISASTER RELIEF; REFERRALS TO SPECIAL SERVICES SUCH AS CRISIS INTERVENTION, CREDIT, AND DEBT COUNSELING, AND OTHER SIMILAR LIFE SKILLS SERVICES; AND ESSENTIAL COMMUNITY RESOURCES. FUNDS ARE PAID DIRECTLY TO FOOTWEAR EMPLOYEES VIA E-CHECK. PAYMENTS RANGE FROM $1,000 - $3,000 BASED ON NEED. THE POPULATIONS OF FOOTWEAR FAMILIES WE ASSIST WORK IN RETAIL SALES, CUSTOMER SERVICE REPRESENTATIVES, FACTORIES, WAREHOUSES, AND DISTRIBUTION CENTERS. MOST PEOPLE WE ASSIST WORK IN LOWER-WAGE POSITIONS AND ARE VULNERABLE TO LOSS OF INCOME AT DIFFERENT TIMES OF [SEE SCHEDULE O FOR CONTINUATION]

    Expenses $2,869,743 · Grants $1,935,122

  • COMMUNITY BUILDING (FORMERLY MEMBER AND EDUCATION):TWO TEN FOOTWEAR FOUNDATION IS DEDICATED TO BUILDING A STRONGER FOOTWEAR COMMUNITY BY OFFERING NATIONAL EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES TO ENGAGE WITH AND LEARN FROM FELLOW MEMBERS AND LEADERS OF THE FOOTWEAR INDUSTRY WHILE SUPPORTING TWO TEN. COMMUNITY ENGAGEMENT INITIATIVES EACH OFFER DIFFERENT ACTIVITIES AND OUTCOMES BASED ON THE INDIVIDUAL NEEDS OF ITS TARGETED CONSTITUENTS INCLUDE WOMEN IN FOOTWEAR INDUSTRY (WIFI) AND HUMAN RESOURCES LEADERSHIP. WIFI FOCUSES ON INSPIRING, MENTORING, AND CONNECTING WOMEN AT ALL LEVELS OF THEIR CAREERS AND CREATING ADVOCATES FOR TWO TEN. WIFI ACCOMPLISHES ITS GOALS BY HOLDING VIRTUAL NETWORKING AND PROFESSIONAL [SEE SCHEDULE O FOR CONTINUATION]

    Expenses $149,318

  • INDUSTRY EDUCATION (FORMERLY LEADERSHIP DEVELOPMENT):THE TWO TEN FOOTWEAR FOUNDATION IS COMMITTED TO PROVIDING THE HELP AND RESOURCES NEEDED TO IMPROVE THE LIVES AND CAREERS OF FOOTWEAR PROFESSIONALS. IN FY24, INDUSTRY EDUCATION - OR OUTREACH - WASINCORPORATED INTO EVERY POSSIBLE ACTIVITY TO MAXIMIZE THE OUTCOMES; EVERY OPPORTUNITY WAS UTILIZED TO INCREASE AWARENESS OF THE FOUNDATION'S OFFERINGS WITHIN ITS SERVICE INDUSTRY. TWO TEN HOSTED THEHIGHLY VISIBLE ANNUAL GALA FUNDRAISING EVENT IN JUNE OF 2024. DURING FY24, TWO TEN INCORPORATED OUTREACH INTO DOZENS OF VIRTUAL CORPORATE VISITS AND MADE PRESENTATIONS TO AMERICAN FOOTWEAR WORKERS. ADDITIONALLY, TWO TEN WORKED WITH ITS STRATEGIC PARTNERS TO PRESENT THE FOUNDATION TO TARGETED AUDIENCES THROUGH PRINT, DIGITAL AND VIRTUAL [SEE SCHEDULE O FOR CONTINUATION]

    Expenses $560,974

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DIANE SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ATMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL BAIOCCHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF ESPERSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TSERING NAMGYAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE FERREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLENN BARRETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN ITZKOWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG TUNNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TACEY POWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACEY MCLEOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN FRANKEL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM SALZANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANNY MUSKAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID KAHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREGG RIBATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAWRENCE STIFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BEVERLY GOLDBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BLAKE KRUEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM ISSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GIOVANNA CIPRIANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA GIGANTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY FORSTADT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL OBLONSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH CROSS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JENNET CHOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILIPPA NEWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ED ROSENFELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE PRESTON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN BERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SETH CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY PAOLETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONNIE JEFFERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLIFF SIFFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MCHUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAWN OSBORNE

    PRESIDENT AND CEO

    Total calculated
    $548,026
    From this org
    $526,966
    From related orgs
    $0
    Other
    $21,060
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $526,966
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,060
    Filer's total
    $548,026

  • CLYDE SYLVIA

    CFO/COO

    Total calculated
    $188,783
    From this org
    $174,184
    From related orgs
    $0
    Other
    $14,599
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $174,184
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,599
    Filer's total
    $188,783

  • BARBARA CLEMENT

    VP OF MARKETING & COMMUNICATIONS

    Total calculated
    $199,183
    From this org
    $183,459
    From related orgs
    $0
    Other
    $15,724
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $183,459
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,724
    Filer's total
    $199,183

  • LESLIE RENNER

    VP OF DEVELOPMENT

    Total calculated
    $191,900
    From this org
    $178,276
    From related orgs
    $0
    Other
    $13,624
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $178,276
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,624
    Filer's total
    $191,900

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202541189349301014

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