Decorators Club Education Fund Inc
- Assets
- $342.7k
- Revenue
- $18.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1964
- Data as of
- 05/2023
- EIN
- 13-3560433
Organization Overview
Decorators Club Education Fund Inc is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decorators Club Education Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Decorators Club Education Fund Inc generated $18.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $60.5k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THE PROMOTION AND ADVANCEMENT OF THE STANDARDS OF EDUCATION FOR AND OF THE PROFESSION OF INTERIOR DECORATION AND DESIGN.TO ESTABLISH AND MAINTAIN SUCH RULES OF ETHICAL AND PROFESSIONAL PRACTICE AS WILL SERVE AS A GUIDE FOR THE DECORATOR, THE CLIENT AND THE TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDNG SCHOLARSHIPS TO DESIGN STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Pash President | OfficerTrustee | 1 | $0 |
Charlotte Barnes 1st Vice President | OfficerTrustee | 1 | $0 |
Katie Leede 2nd Vice President | OfficerTrustee | 1 | $0 |
Kathy Abbott Secretary | OfficerTrustee | 0 | $0 |
Leslie Banker Treasurer | OfficerTrustee | 0 | $0 |
Doreen Chambers Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,100 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,685 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,016 |
| Fees for services: Accounting | $5,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,153 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $60,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,080 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $342,680 |
| Accounts payable and accrued expenses | $12,095 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,095 |
| Net assets without donor restrictions | $330,585 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $342,680 |
Grants Awarded
Over the last fiscal year, Decorators Club Education Fund Inc has awarded $39,685 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE NEW SCHOOL PURPOSE: SCHOLARSHIP FUNDING | $10,000 |
NEW YORK SCHOOL OF INTERIOR DESIGN PURPOSE: SCHOLARSHIP FUNDING | $8,750 |
VISUAL ARTS FOUNDATION INC PURPOSE: SCHOLARSHIP FUNDING | $7,860 |
PRATT INSTITUTE PURPOSE: SCHOLARSHIP FUNDING | $6,250 |
FASHION INSTITUTE OF TECHNOLOGY FOUNDATION PURPOSE: SCHOLARSHIP FUNDING | $6,825 |