2025-11-06T12:56:08-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 464077199 RUNWAY OF DREAMS FOUNDATION RUNW 2127274200 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 CAROL KHOURY CFO 2127274200 2025-11-06 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z X CHRISTINE MCMAHON 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 1098942 0 X WWW.RUNWAYOFDREAMS.ORG X 2014 NJ WE SUPPORT THE MOVEMENT FOR DISABILITY INCLUSION IN THE FASHION AND BEAUTY INDUSTRIES. 10 10 7 100 0 0 1136410 1024457 0 11394 15 3 -68761 -154193 1067664 881661 0 10000 0 0 318298 320720 0 0 44970 1148596 725565 1466894 1056285 -399230 -174624 57129 63660 391365 572520 -334236 -508860 X RUNWAY OF DREAMS EMPOWERS PEOPLE WITH DISABILITIES TO HAVE CONFIDENCE AND SELF-EXPRESSION THROUGH FASHION AND BEAUTY INCLUSION. WE WORK TO GIVE PEOPLE WITH DISABILITIES ACCESS TO FASHION THAT EXCITES AND EMPOWERS THEM. (CONTINUED ON SCHEDULE O)WE RAISE AWARENESS, EDUCATE CONSUMERS, ADVOCATE FOR INDUSTRY CHANGE AND DEVELOP THE NEXT GENERATION OF INNOVATORS AND LEADERS.FOUNDED ON THE BASIS THAT CLOTHING IS A BASIC HUMAN NEED, THE RUNWAY OF DREAMS FOUNDATION DEVELOPS, DELIVERS, AND SUPPORTS CHARITABLE INITIATIVES TO BROADEN THE REACH OF ADAPTIVE CLOTHING AND PROMOTE THE DIFFERENTLY ABLED COMMUNITY IN THE FASHION INDUSTRY. THROUGH ADAPTIVE CLOTHING DONATIONS, EMPLOYMENT OPPORTUNITY INITIATIVES, ADAPTIVE DESIGN WORKSHOPS, AWARENESS BUILDING CAMPAIGNS, AND SCHOLARSHIP PROGRAMS, THE RUNWAY OF DREAMS FOUNDATION IS EMPOWERING PEOPLE WITH DISABILITIES WITH OPPORTUNITY, CONFIDENCE, INDEPENDENCE, AND STYLE. 0 0 468861 0 0 ADAPTIVE RUNWAY SHOWS: THE FOUNDATION IS RETHINKING THE RUNWAY WITH GLOBAL ADAPTIVE FASHION SHOWS THAT CELEBRATE PEOPLE'S DIFFERENCES, BREAK DOWN STEREOTYPES AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE. THE RUNWAY OF DREAMS FOUNDATION PRODUCES NATIONAL RUNWAY SHOWS THAT CELEBRATE INCLUSION, HIGHLIGHT CHANGE IN THE FASHION INDUSTRY AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE. 139054 10000 11394 SCHOLARSHIPS & COLLEGIATE PROGRAMS: RUNWAY OF DREAMS FOUNDATION INVESTS IN THE FUTURE OF FUNCTIONAL FASHION BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. THE COLLEGE CLUBS ARE OFFICIAL ON CAMPUS, STUDENT-LED CLUBS THAT RAISE AWARENESS OF THE MISSION THROUGH CAMPAIGNS AND SOCIAL MEDIA AND HOST ADAPTIVE RUNWAY SHOWS FEATURING COMMUNITY MEMBERS WITH VARYING DISABILITIES WHO MODEL ADAPTIVE APPAREL. 132463 0 0 CAMPAIGN FOR INCLUSION: THE CAMPAIGN FOR INCLUSION IS THE FIRST MULTI-BRAND FASHION AND BEAUTY CAMPAIGN FEATURING PEOPLE WITH DISABILITIES WEARING ADAPTIVE & UNIVERSALLY DESIGNED PRODUCTS. RUNWAY OF DREAMS IS LEADING THE MOVEMENT OF DISABILITY INCLUSION IN THE FASHION AND BEAUTY INDUSTRIES, RAISING AWARENESS AND INSPIRING CHANGE THROUGH PROGRAMMING THAT CELEBRATES PEOPLE'S DIFFERENCES, CHALLENGES STEREOTYPES, AND HIGHLIGHTS THE NEED FOR ADAPTIVE & UNIVERSALLY DESIGNED APPAREL AND FOOTWEAR. THROUGH MAJOR MEDIA ENGAGEMENTS, SPEAKING OPPORTUNITIES, CONFERENCES, COMMUNITY PARTNERSHIPS AND COLLEGE CLUBS AND STORY TELLING INITIATIVES, THE FOUNDATION BRINGS VISIBILITY TO DISABILITY BY LEADING THE MOVEMENT OF INCLUSION IN THE FASHIONINDUSTRY. 740378 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ NY X CAROL KHOURY 2127274200 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 X MINDY SCHEIER FOUNDER & CEO 40.00 0.00 X X 0 0 0 DAWN ROBERTSON TRUSTEE 2.00 0.00 X 0 0 0 DANA NABEREZNY TRUSTEE 4.00 0.00 X 0 0 0 MATT LAUKAITIS TRUSTEE 2.00 0.00 X 0 0 0 LYDIA SMITH TRUSTEE 2.00 0.00 X 0 0 0 KATHRYN CORDES TRUSTEE 2.00 0.00 X 0 0 0 PAUL ROSENGARD TRUSTEE 2.00 0.00 X 0 0 0 GARY SHEINBAUM TRUSTEE 2.00 0.00 X 0 0 0 DAVE STEVENS TRUSTEE 2.00 0.00 X 0 0 0 MEGHAN ASHA TRUSTEE 2.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 800765 223692 1024457 COLLEGIATE PROGRAMS 900099 11394 11394 11394 3 3 514 514 61185 800765 217281 -156096 -156096 1389 1389 1389 881661 11394 0 -154190 10000 10000 294586 181670 76313 36603 1749 1079 453 217 24385 15038 6317 3030 11675 11675 89436 89436 44702 8052 36650 2316 2316 3234 2176 1058 14930 1197 9667 4066 24134 16274 7750 110 18952 18952 3208 3208 5460 5460 RUNWAY EVENT PRODUCTION 363470 363470 RUNWAY EVENT FEES 114749 114749 MODELING & APPAREL 17118 17118 CREDIT CARD/PAYPAL FEES 9053 5615 2781 657 3128 1624 1217 287 1056285 740378 270937 44970 16976 24018 21320 34514 12598 2100 7919 7195 3931 724 2304 2304 57129 63660 391365 282520 290000 391365 572520 X -334236 -508860 -334236 -508860 57129 63660 -174624 0 X 0 1 X 1 0 X 248591 1085636 1342207 1135711 1024457 4836602 248591 1085636 1342207 1135711 1024457 4836602 4836602 25 1438 1624 699 517 4303 147336 210524 125893 129177 62574 675504 5516409 11394 0.87680 0.99920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2020 AMOUNT: $ 147,336. 2021 AMOUNT: $ 210,524. 2022 AMOUNT: $ 125,893. 2023 AMOUNT: $ 129,177. 2024 AMOUNT: $ 61,185. MISCELLANEOUS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 1,389. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7919 7195 724 724 X 881661 0 881661 0 881661 1056285 0 1056285 0 1056285 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. ON DECEMBER 31, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X X X GALA 861950 800765 61185 114749 102257 275 861950 800765 61185 114749 102257 275 217281 -156096 1 SCHOLARSHIPS 1 10000 PART I, LINE 2: IN COLLABORATION WITH THE FASHION SCHOLARSHIP FUND (FSF), WE INVEST IN THE FUTURE OF FASHIONABLE AND FUNCTIONAL APPAREL BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. SCHOLARSHIP FUNDS CAN BE APPLIED TO ANY EDUCATIONAL EXPENSES SUCH AS TUITION, SUMMER INTERN, HOUSING, STUDY ABROAD ETC. THE FASHION SCHOLARSHIP FUND'S EXPECTATIONS FOR THE USE OF THE SCHOLARSHIP AWARD IS PRETTY STRAIGHTFORWARD. A SCHOLAR MUST DEMONSTRATE A COMMITMENT TO HIS/HER STUDIES, REMAIN A STUDENT IN GOOD STANDING, AND HONOR THE ACADEMIC OBLIGATIONS AS REQUIRED BY HIS/HER SCHOOL. IT'S THE SCHOLAR'S RESPONSIBILITY TO FOLLOW THE POLICY OF HIS/HER COLLEGE/UNIVERSITY TO PROCESS THE FUNDS RECEIVED. NO FURTHER MONITORING OF THE SCHOLARSHIP IS REQUIRED AS AN INDIVIDUAL WILL NOT HAVE RECEIVED AN AWARD IF THEY DO NOT MEET THE ELIGIBILITY REQUIREMENTS. MINDY SCHEIER FOUNDER & CEO LOAN TO A FAMILY MEMBER X 250000 250000 0 1 1 MINDY SCHEIER FOUNDER & CEO LOAN TO LLC X 40000 40000 0 1 1 290000 SCHEDULE L, PART II IN MARCH 2024, THE FOUNDATION ENTERED INTO A LOAN AGREEMENT WITH A FAMILY MEMBER OF THE FOUNDER OF THE FOUNDATION. THE OUTSTANDING LOAN BALANCE AS OF DECEMBER 31, 2024, AMOUNTED TO $250,000.IN NOVEMBER 2024, THE FOUNDATION ENTERED INTO TWO LOAN AGREEMENTS WITH GAMUT, LLC IN WHICH THE FOUNDER IS THE LLC'S SOLE MEMBER. THE OUTSTANDING LOAN BALANCES AS OF DECEMBER 31, 2024, AMOUNTED TO $15,000 AND $25,000. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FORM 990 WAS REVIEWED BY AND DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST THE CONFLICT OF INTEREST POLICY IS SIGNED BY APPROPRIATE EMPLOYEES ANNUALLY. EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF A MEMBER BECOMES AWARE OF A CONFLICT DURING THE YEAR, HE/SHE PROMPTLY DISCLOSES IT TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. RUNWAY OF DREAMS LLC 9 COVENTRY ROAD LIVINGSTON NJ 07039 812707383 DESIGN & SELL APPAREL NJ S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0