Overview
What is The Or Foundation Ltd?
The Or Foundation Ltd, headquartered in Cambridge, Maryland, is a nonprofit organization dedicated to revolutionizing the fashion industry. Their primary aim is to challenge the conventional fashion model, promoting alternatives that foster ecological prosperity rather than destruction. They achieve this through various initiatives, such as providing business development support for upcycling and resale businesses in the Kantamanto Market ecosystem and their internally developed product lines. The organization's Community Business Incubator offers a curriculum in financial planning, market development, and durable construction, aiming to bridge the Kantamanto market with new markets and audiences. They collaborate with partners in entrepreneurship and retail to provide transformative tools and platforms for small businesses that repurpose fashion waste. The Or Foundation also offers seed funding to eligible participants and trains them in sewing and upcycling techniques, as well as economic principles. The mission of The Or Foundation is deeply rooted in the concept of choice, allowing individuals to escape the violent socio-economic system of corporate colonialism and transform it from within. This is achieved through initiatives that intersect environmental justice, education, and fashion development, ultimately identifying and implementing alternatives to the dominant fashion model. The organization has a workforce of 3 dedicated individuals.
Official website here: www.theor.org
Is The Or Foundation Ltd legitimate?
The Or Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Or Foundation Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $49,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,223
For more financial information, click here
Official website here: www.theor.org
What is the mission statement of The Or Foundation Ltd?
The Or Foundation Ltd, often referred to as 'Or', has a mission centered around promoting choice as a means of challenging the prevailing harmful socio-economic system of corporate colonialism in fashion. They operate at the intersection of environmental justice, education, and fashion development. Their goal is to discover and institute alternative fashion models that foster ecological prosperity instead of destruction. Or encourages individuals to form a broader relationship with fashion, moving beyond their role as consumers.
Official website here: www.theor.org
Who is the CEO of The Or Foundation Ltd?
James Branson Skinner is the Founder/Executive Producer of The Or Foundation Ltd.
Official website here: www.theor.org
What is the revenue of The Or Foundation Ltd?
The Or Foundation Ltd's revenue in 2022 was $5,190,579.
Official website here: www.theor.org
Who are the executives of The Or Foundation Ltd and what are their salaries?
The average compensation at The Or Foundation Ltd during 2022 was $63,091. There are 3 employees at The Or Foundation Ltd.
Here are 6 key members and their salaries:
- Compensation: $24,525
- Related: $0
- Other: $8,370
- Compensation: $24,525
- Related: $0
- Other: $8,370
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theor.org
Where can I find the form 990 for The Or Foundation Ltd?
The Or Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theor.org
Learn more at the official website: www.theor.org
Mission Statement of The Or Foundation Ltd
The Or Foundation, named after the word "or," stands for choice and agency. This nonprofit organization operates with a mission to challenge the dominant model of fashion. Recognizing the destructive nature of the current socio-economic system in the fashion industry, The Or Foundation seeks to change it from within. They do this by operating at the intersection of environmental justice, education, and fashion development. Their ultimate goal is to identify and manifest alternatives to the mainstream fashion system, ones that foster ecological prosperity instead of destruction. By inspiring individuals to form a deeper relationship with fashion beyond their role as consumers, The Or Foundation aims to promote a more sustainable and responsible approach to the fashion industry.
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Impact
October, 2024
The Or Foundation Ltd significantly impacts the fashion industry by challenging and transforming its prevailing practices. By operating within the Kantamanto Market ecosystem, it provides vital business development support for upcycling and resale businesses. This initiative promotes sustainable practices while fostering economic empowerment among local entrepreneurs.
Through its Community Business Incubator, The Or Foundation equips individuals with essential skills in financial planning, market development, and durable construction. This comprehensive training prepares participants to navigate new markets both within Ghana and abroad. By collaborating with partners in entrepreneurship and retail, the organization provides transformative resources that enable small businesses to thrive through the repurposing of fashion waste.
A key aspect of The Or Foundation’s approach is the Mabilgu Program, which allows participants to take ownership of new product development initiatives. This model ensures community involvement at every stage, creating viable economic pathways for individuals. Participants receive training in sewing and upcycling techniques, alongside foundational economic principles, thereby enhancing their capacity to engage with the fashion industry responsibly.
Ultimately, The Or Foundation fosters a new relationship with fashion—one that emphasizes ecological prosperity and agency over mere consumption. By advocating for alternative models within the industry, it empowers communities and inspires a shift toward more sustainable practices.
This information is meant to be a general summary of The Or Foundation Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $5,190,579
Assets and Liabilities:
- Total Assets: $4,524,622
- Total Liabilities: $0
- Net Assets: $4,524,622
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Organization Details
Founding Year
2009
Phone
(240) 460-9516Principal Officer
James Branson Skinner
Main Address
103 CHOPTANK TER, CAMBRIDGE, MD, 216131115
Website
www.theor.orgNTEE Category
Code: B82 - Education
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