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Runway Of Dreams Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464077199 ✦ Livingston, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Runway Of Dreams Foundation?

Runway of Dreams Foundation, situated in Livingston, New Jersey, is a nonprofit organization dedicated to promoting inclusion in the fashion industry. Through various media engagements, speaking opportunities, collaborations, college clubs, and storytelling initiatives, the foundation raises awareness about disability and leads the movement towards inclusion. Their primary mission is to offer people with disabilities the chance for participation, acceptance, and opportunity within the fashion sector. The foundation achieves this by organizing events, conferences, and partnerships, and telling inspiring stories that highlight the importance of inclusivity in the fashion world. Operating with a team of four dedicated individuals, Runway of Dreams Foundation is actively working towards a future where individuals with disabilities can thrive in the fashion industry.


Official website here: www.runwayofdreams.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (66%)

The Runway Of Dreams Foundation has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 66%. This rating reflects some strengths in governance, with 90% of board members being independent, and the organization having robust policies in place, including conflict of interest and whistleblower policies. The foundation also shows commendable program expense management, with 75.33% of expenses directed towards its mission.

However, there are significant areas for concern, particularly in financial transparency, as the organization has not posted its financial statements online, resulting in a score of zero in that category. The liability to assets ratio is also troubling at 685.05%, indicating potential financial instability. These limitations suggest that while the foundation is committed to its mission, it may need to improve its financial reporting and management practices to enhance trust and accountability.

Overall, while the Runway Of Dreams Foundation demonstrates a strong commitment to its programmatic goals, the lack of detailed financial information and high liabilities may deter potential donors seeking transparency and stability in their contributions.


This AI summary has been generated from information found on Charity Navigator.

Is Runway Of Dreams Foundation legitimate?

Runway Of Dreams Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Runway Of Dreams Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,222

For more financial information, click here


Official website here: www.runwayofdreams.org

What is the mission statement of Runway Of Dreams Foundation?

The Runway Of Dreams Foundation's mission is centered around providing opportunities, inclusion, and acceptance for individuals with disabilities within the fashion industry. The organization is actively working towards a future where people with disabilities are integrated and valued in the fashion world. To achieve this goal, they engage in various initiatives such as media engagements, speaking opportunities, conferences, community partnerships, college clubs, and storytelling projects. These efforts aim to bring visibility to disability and lead the charge for inclusion within the fashion industry.


Official website here: www.runwayofdreams.org

Who is the CEO of Runway Of Dreams Foundation?

Mindy Scheier is the Founder of Runway Of Dreams Foundation.


Official website here: www.runwayofdreams.org

What is the revenue of Runway Of Dreams Foundation?

Runway Of Dreams Foundation's revenue in 2022 was $1,116,927.


Official website here: www.runwayofdreams.org

Who are the executives of Runway Of Dreams Foundation and what are their salaries?

The average compensation at Runway Of Dreams Foundation during 2022 was $52,056. There are 4 employees and 100 volunteers at Runway Of Dreams Foundation.


Here are 9 key members and their salaries:


Mindy Scheier (Founder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Dulman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Leonardt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Laukiatis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gena Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Landau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Graiser (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Cordes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Bassuk (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.runwayofdreams.org

Where can I find the form 990 for Runway Of Dreams Foundation?

Runway Of Dreams Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.runwayofdreams.org

Learn more at the official website: www.runwayofdreams.org

Mission Statement of Runway Of Dreams Foundation

The Runway of Dreams Foundation aims to create a future where individuals with disabilities are included, accepted, and given opportunities in the fashion industry. This pioneering organization works tirelessly to achieve this goal, leading the charge for inclusivity and acceptance in the fashion world. Through various strategies, such as engaging with major media outlets, speaking engagements, conferences, community partnerships, and college clubs, the foundation brings attention to disability issues and champions the cause of inclusion in the fashion industry. By utilizing storytelling initiatives, the Runway of Dreams Foundation is at the forefront of this movement, striving to make the fashion industry a more inclusive and welcoming space for people with disabilities.

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Impact




July, 2024

Runway Of Dreams Foundation is transforming the fashion industry by advocating for the inclusion of people with disabilities. Through various media engagements, speaking opportunities, partnerships, and storytelling initiatives, the foundation is leading the movement towards a future where individuals of all abilities are accepted and provided opportunities within the fashion industry. Their work is not only raising awareness but also actively shaping a more inclusive and accessible world for people with disabilities.




This information is meant to be a general summary of Runway Of Dreams Foundation. 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.

Revenue
$1,116,927 (2022)
Expenses
$1,137,381 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8
  • Gross Receipts: $1,471,348

Assets and Liabilities:

  • Total Assets: $237,651
  • Total Liabilities: $45,214
  • Net Assets: $192,437

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Organization Details

Founding Year

2014

Principal Officer

Mindy Scheier

Main Address

9 COVENTRY ROAD, LIVINGSTON, NJ, 07039

NTEE Category

Code: P20 - Human services

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