Columbus Fashion Initiative
- Assets
- $260.1k
- Revenue
- $700.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 37-1934707
Organization Overview
Columbus Fashion Initiative is located in Columbus, OH. The organization was established in 2019. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Fashion Initiative 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 12/2021, Columbus Fashion Initiative generated $700.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $722.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR GOAL IS TO SUPPORT THE CREATION AND GROWTH OF CREATIVES AND FASHION BASED BUSINESS THROUGH MULTIPLE FACETS. FIRST, WE LOOK TO EDUCATE OUR MEMBERS AND THE COMMUNITY WITH SKILLS THAT ADD VALUE TO THEIR BRANDS AND INCREASE THEIR KNOWLEDGE AS A PROFESSIONAL. WE ARE CONSTRUCTING FACILITIES THAT HOUSE INDUSTRIAL-GRADE EQUIPMENT, SUCH AS SEWING MACHINES, SERGERS, DTG, FABRIC AND SCREEN PRINTERS ETC., WITH WHICH OUR MEMBERS HAVE ACCESS IN ORDER TO BUILD A BUSINESS WITHOUT THE OVERHEAD OF THIS INCREDIBLY USEFUL BUT EXPENSIVE EQUIPMENT. WE WILL COACH OUR MEMBERS AND COMMUNITY ON HOW TO GO FROM CONCEPTION TO PRODUCTION AND ALL THE AREAS IN BETWEEN. LASTLY, WE LOOK TO CREATE OPPORTUNITIES TO CONNECT ARTISTS WITH RETAIL PROFESSIONALS AND FIND OPPORTUNITIES THAT ARE MUTUALLY BENEFICIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAMING PROVIDES THE FOLLOWING SERVICES: SLAY SAFE IN PART TO SUPPORT FASHION BASED BUSINESSES AND ENTREPRENEURS. MARKET PLACE POP-UPS FOR LOCAL BRANDS TO GAIN EXPERIENCE IN BRICK AND MORTAR. FUTURE OF FASHION INTERNSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yohannan Terrell Executive Director | Officer | 40 | $48,500 |
Lavelle Stillwell Director | Trustee | 2 | $0 |
Jami Goldstein Director | Trustee | 2 | $0 |
David Zeidan Director | Trustee | 2 | $0 |
Andrew Doup Director | Trustee | 2 | $0 |
David Kaplan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $660,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,622 |
| Total Program Service Revenue | $24,766 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $48,500 |
| Compensation of current officers, directors, key employees. | $4,850 |
| 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 | $0 |
| Fees for services: Accounting | $7,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $359,203 |
| Advertising and promotion | $2,015 |
| Office expenses | $9,113 |
| Information technology | $8,216 |
| Royalties | $0 |
| Occupancy | $76,245 |
| Travel | $19,990 |
| 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 | $19,044 |
| Insurance | $3,105 |
| All other expenses | $150,854 |
| Total functional expenses | $722,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,074 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $62,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $260,125 |
| Accounts payable and accrued expenses | $700 |
| 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 | $700 |
| Net assets without donor restrictions | $259,425 |
| 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 | $260,125 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Columbus Fashion Initiative has recieved totaling $48,447.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $20,000 |
Greater Columbus Arts Council Inc Columbus, OH PURPOSE: GRANTS TO PROMOTE ART AND CULTURE IN COLUMBUS | $15,600 |
Columbus Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $12,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Opportunities Unlimited The Hale Building Cleveland, OH | $8,032,160 | $12,914,615 |
Tamid Israel Investment Group Ltd Grand Rapids, MI | $1,648,528 | $3,123,677 |
Foundation For Free Enterprise Education Erie, PA | $5,614,586 | $1,865,641 |
Interalliance Of Greater Cincinnati Cincinnati, OH | $209,405 | $889,890 |
Columbus Fashion Initiative Columbus, OH | $260,125 | $700,402 |
Forge Leadership Network Dayton, OH | $160,330 | $662,968 |
Junior Achievement Of North Central Michigan Inc Midland, MI | $706,387 | $369,801 |
Omicelo Cares Pittsburgh, PA | $951,389 | $343,389 |
Bowling Green Area Chamberfoundation Inc Bowling Green, KY | $519,224 | $199,162 |
Project Transformation Indiana Indianapolis, IN | $70,000 | $174,675 |
Ohio Business Week Foundation Columbus, OH | $52,839 | $0 |
Institute For The Economic Development Of Children Philadelphia, PA | $6,866 | $0 |