NonprofitsRaisefashion Inc

Raisefashion Inc

WOODBURY, CT

Total revenue

$765K

Total expenses

$651K

Net assets

$218K

Grants received

$356K

8 grants

EIN

852172543

Tax year

2024

Mission

Focusing on the opportunity and responsibility of workers in the fashion world to cultivate a more diverse industry, one that actively promotes and fosters black-owned businesses.

Programs

3 programs

Internship Program: To provide intership opportunities to students from Historically Black Colleges and Universities (HBCU). The program is managed in partnership with the Anti Racism Fund. Students are placed into internships in the fashion industry fields such as marketing and communication, wholesale, logistics, production, and buying. Students receive stipends for living expenses from the Anti Racism Fund in order to help them offset costs associated with living in New York and Los Angeles, where the internships are located. Students are provided a mentor in their field to support them through their experience. Virtual seminars are conducted around job preparation, interview skills, and career path mapping.

Expenses: $43KGrants: $43K

Supports emerging designers, especially those from underrepresented backgrounds, during major fashion week events. It usually includes showcases, presentations, and networking opportunities that help designers gain visibility with buyers, press, and industry leaders.

Expenses: $93K

Advisory Network: volunteer group of fashion industry professionals who offer free guidance to emerging designers. February Inclusivity: event that focuses on equity and inclusion in teh fashion industry.

Expenses: $31K

Financials

FY 2024

Revenue

Contributions & grants$765K
Program service revenue
Investment income
Other revenue
Total revenue$765K

Expenses

Grants paid$353K
Salaries & benefits
Fundraising$10K
Other expenses$298K
Total expenses$651K
Total assets$218K
Net assets$218K

People

16 listed

NameRoleCompensation

Kutina Ruhumbika

Secretary

Board

2 hrs/wk

Melisa Goldie

Chairman

Board

2 hrs/wk

Nelli Kim

Board Member

Board

0.5 hrs/wk

Carly Cushnie

Board Member

Board

0.5 hrs/wk

Felita Harris

Executive Director

Board

25 hrs/wk

Roopal Patel

Board Member

Board

0.5 hrs/wk

Nayla Touma

Board Member

Board

0.5 hrs/wk

Elizabeth Von Der Goltz

Board Member

Board

0.5 hrs/wk

Betty Wang

Board Member

Board

0.5 hrs/wk

Andrew Taylor

Board Member

Board

0.5 hrs/wk

Divya Mathur

Board Member

Board

0.5 hrs/wk

Alexa Geovanos

Board Member

Board

1 hrs/wk

April Henning

Board Member

Board

0.5 hrs/wk

Stephanie Roberson

Board Member

Board

0.5 hrs/wk

Bradley Taylor

Board Member

Board

0.5 hrs/wk

Troy Debroux

Board Member

Board

0.5 hrs/wk

Independent contractors

Felita Harris Consultancy

Consultancy

$127K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$50K
MULTIPLE GRANTS AWARDED
2024
$50K
EDUCATION
2024
$11K
For grant recipient's exempt purposes
2023
$10K
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
2023
$50K
RAISEfashion 2022 Designer Fund
2022
$10K
For grant recipient's exempt purposes
2022
$150K
2021 Designer Fund
2021

Funded by

$356K from 5 funders · 8 grants · 2021–2024

The VF Foundation

$200K · 2 grants · 2021–2022

Grand Rapids Community Foundation

$75K · 2 grants · 2023–2024

Columbus Foundation

$50K · 1 grant · 2024

Fidelity Investments Charitable Gift Fund

$21K · 2 grants · 2022–2023

Details

EIN852172543
Subsection03
Ruling date2020-09
Formed2020
Employees0
Volunteers0
RAISEFASHION INC — Mission, Financials & Grants Received | Grantivo