Overview
What is Columbus Fashion Initiative?
The Columbus Fashion Initiative is a nonprofit organization situated in Columbus, Ohio, specifically at 421 W State Street. Their primary objective is to foster the growth and development of creative individuals and fashion-based businesses. They accomplish this by providing educational resources, equipping members with industrial-grade tools, and offering guidance from conception to production. Moreover, they organize events and collaborate with city, corporate, and community stakeholders to create a thriving fashion culture in Columbus, Ohio. Their programs include Slay Safe, marketplace pop-ups for local brands, and future of fashion internships, all designed to support and empower the fashion industry in the area. The organization boasts a team of 5 dedicated employees.
Official website here: www.columbusfashion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
The Columbus Fashion Initiative has received a Two-Star rating from Charity Navigator, indicating a fair level of accountability and financial health, with an overall score of 73%. The organization demonstrates strengths in governance with a fully independent board and no material diversion of assets, which reflects a commitment to ethical leadership and financial integrity.
However, there are notable weaknesses in its operational policies. The charity lacks a whistleblower policy and guidelines for document retention and destruction, both of which are crucial for transparency and accountability. Additionally, the nonprofit did not post its tax form on its website, which may hinder public access to important financial information.
Despite these limitations, the organization effectively allocates a significant portion of its expenses toward its programs, with a program expense ratio of 88.81%. This suggests a strong focus on delivering its mission, although addressing its governance gaps could further enhance its credibility and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Columbus Fashion Initiative legitimate?
Columbus Fashion Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbus Fashion Initiative 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: $98,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,857
For more financial information, click here
Official website here: www.columbusfashion.org
What is the mission statement of Columbus Fashion Initiative?
The Columbus Fashion Initiative's mission is to collaborate with various stakeholders, including the city, corporations, and the community, to establish a conducive environment for fashion-based businesses to thrive. This is achieved by discovering industry trends, providing education, and organizing events that foster the development and growth of the local fashion culture and businesses. The initiative also aims to equip creatives and entrepreneurs with valuable skills and resources, such as access to industrial-grade equipment, to help them grow their fashion-related ventures successfully.
Official website here: www.columbusfashion.org
Who is the CEO of Columbus Fashion Initiative?
Yohannan Terrell is the Executive Director of Columbus Fashion Initiative.
Official website here: www.columbusfashion.org
What is the revenue of Columbus Fashion Initiative?
Columbus Fashion Initiative's revenue in 2022 was $1,359,773.
Official website here: www.columbusfashion.org
Who are the executives of Columbus Fashion Initiative and what are their salaries?
The average compensation at Columbus Fashion Initiative during 2022 was $34,987. There are 5 employees and 10 volunteers at Columbus Fashion Initiative.
Here are 13 key members and their salaries:
- Compensation: $98,077
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- Other: $0
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Official website here: www.columbusfashion.org
Where can I find the form 990 for Columbus Fashion Initiative?
Columbus Fashion Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.columbusfashion.org
Learn more at the official website: www.columbusfashion.org
Mission Statement of Columbus Fashion Initiative
The Columbus Fashion Initiative, a dedicated organization, aims to collaborate with city, corporate, and community stakeholders to establish Columbus, Ohio as an ideal location for the inception, growth, and innovation of fashion-based businesses. They achieve this mission by engaging in various activities. Firstly, they focus on industry discovery, delving into the local fashion scene to identify potential opportunities and trends. Secondly, they prioritize education, providing valuable skills and knowledge to their members and the broader community, thereby enhancing their professional capabilities in the fashion industry. Lastly, they organize events and platforms that support the development and expansion of Columbus' fashion culture, businesses, and stakeholders. By offering access to industrial-grade equipment and coaching on production processes, the Columbus Fashion Initiative empowers creatives and entrepreneurs, enabling them to establish and grow their fashion-based businesses effectively.
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Impact
July, 2024
The Columbus Fashion Initiative's impact includes supporting creatives and fashion-based businesses through education, access to industrial-grade equipment, and coaching on production processes. By providing resources and opportunities such as market pop-ups and internships, the initiative helps local brands gain experience and connect with retail professionals. Ultimately, the initiative aims to make Columbus, OH a hub for starting, growing, and innovating in the fashion industry through collaborative efforts with stakeholders in the city, corporate sector, and community.
This information is meant to be a general summary of Columbus Fashion Initiative. 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.
- Investment Income: $9
- Program Service Revenue: $46,728
- Gross Receipts: $1,359,773
Assets and Liabilities:
- Total Assets: $425,829
- Total Liabilities: $18,792
- Net Assets: $407,037
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Organization Details
Founding Year
2019
Phone
(614) 657-8433Principal Officer
Yohannan Terrell
Main Address
421 W State Street, Columbus, OH, 43215
Website
www.columbusfashion.orgNTEE Category
Code: O53 - Youth development
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