Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE ORGANIZATION RECLASSIFIED ITS SCHOLARSHIP PROGRAMS TO IT RELATED 501 C 3 ENTITY, THE CFDA FOUNDATION, INC. CONSEQUENTLY ALL OF THE SCHOLARSHIP PROGRAMS ASSETS WERE TRANSFERRED AS WELL. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BY-LAWS CURRENTLY READ AS THE TERM OF OFFICE OF ALL OFFICERS SHALL BE TWO YEARS, WITH THE OPPORTUNITY TO SERVE A SECOND TERM, IF RE-ELECTED. AMENDMENT: THE TERM OF OFFICE OF ALL OFFICERS SHALL BE TWO YEARS, WITH THE OPPORTUNITY TO SERVE A SECOND AND THIRD TERM, IF RE-ELECTED, FOR A TOTAL OF SIX YEARS IN OFFICE. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COUNCIL OF FASHION DESIGNERS OF AMERICA IS A NOT-FOR-PROFIT TRADE ORGANIZATION THAT LEADS INDUSTRY WIDE INITIATIVES AND WHOSE MEMBERSHIP CONSIST OF MORE THAN 350 OF AMERICA'S FOREMOST FASHION AND ACCESORY DESIGNERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERSHIP IS BY INVITATION ONLY, AND IS OPEN TO AMERICANS DESIGNING IN THE UNITED STATES OR ABROAD OR INTERNATIONAL DESIGNERS WHOSE BUSINESSES ARE BASED PRIMARILY IN THE UNITED STATES. EACH YEAR, THE ADMISSIONS COMMITTEE MEETS TO REVIEW CANDIDATES APPLICATION MAKING ITS RECOMMENDATIONS TO THE CFDA'S BOARD OF DIRECTORS. AN AFFIRMATIVE VOTE BY THE BOARD IS REQUIRED FOR THE ELECTION OF EACH MEMBER. THE EXECUTIVE COMMITTEE SERVES AS THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS. NOMINATIONS OF THE DIRECTORS SHALL BE RATIFIED BY THE BOARD OF DIRECTORS IN MARCH OF EACH YEAR. THE MEMBERS ARE NOTIFIED IN WRITING BY MAIL OF SUCH NOMINATIONS, AND ON THE PROPOSED SLATE AT THE SPRING BI-ANNUAL MEMBERSHIP MEETING. | |
| FORM 990, PART VI, SECTION A, LINE 8B | THE GOVERNING BODY ACTS AS A COMMITTEE OF THE WHOLE FOR ALL DECISIONS OF THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE EXECUTIVE DIRECTOR AND A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE ON ITS OWN WEBSITE (WWW.CFDA.COM), AS WELL AS BY REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 43,834. TRANSFER OF ASSETS TO/FROM CFDA FOUNDATION INC 957,260. TOTAL TO FORM 990, PART XI, LINE 5: 1,001,094. |
| RESPONSIBILTY FOR AUDIT | FORM 990, PAGE 11, PART XI | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE AUDIT AND FOR SELECTION OF THE INDEPENDENT ACCOUNTANT. |
| NUMBER OF W-2S | FORM 990, PAGE 5, PART V, QUESTION 2A | ALL EMPLOYEES OF THE FOUNDATION ARE LEASED |
| SCHEDULE D, PART XI, LINE 10 | EXCESS OR FOR THE YEAR PER AUDITED FINANCIAL STATEMENTS $ 492,987 TRANSFER OF ASSETS TO/FROM CFDA FOUNDATION, INC. 957,260 --------- TOTAL CHANGE IN NET ASSETS PER 990 $1,450,247 ========= |
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