Skip to main content
Filing year 2023

FASHION INSTITUTE OF TECHNOLOGY FOUNDATION

New York, New York·EIN 13-5675757·3
Total revenue
$7.2M
Total assets
$75.2M
Total expenses
$7.4M
Reported officers
39
Mission

THE FIT FOUNDATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.

Executive compensation, broken down

Form 990 · Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Assistant to VP
Vice President
Median to 75th percentile
$157k
$176k
Base
$102k
Bonus
Other
Benefits
$44k
Chief Executive Officer
25th percentile to median
$45k
$50k
Chief Financial Officer
10th to 25th percentile
$10k
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 36 unpaid individuals.

Down 30%
from 2022

From $224k in 2022 to $157k in 2023.

$224k
2022
$157k
2023
In today's dollarsEst.
Down 33% in real terms$261k to $176k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Vice President pay fell 6% from 2022 to 2023, while revenue rose 38%.

$167k in 2022 to $157k in 2023.
  • Chief Executive Officer pay held roughly steady from 2022 to 2023.
  • Chief Financial Officer pay held roughly steady from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FASHION INSTITUTE OF TECHNOLOGY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.3M
$5.6M
2022
$7.2M
$7.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FASHION INSTITUTE OF TECHNOLOGY FOUNDATION

What does the Vice President of FASHION INSTITUTE OF TECHNOLOGY FOUNDATION earn?

In 2023, the Vice President of FASHION INSTITUTE OF TECHNOLOGY FOUNDATION received $156,595 in total compensation. This pay is above the median (the midpoint) for Vice President roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at FASHION INSTITUTE OF TECHNOLOGY FOUNDATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Vice President at FASHION INSTITUTE OF TECHNOLOGY FOUNDATION falls between the median and the 75th percentile.

What are FASHION INSTITUTE OF TECHNOLOGY FOUNDATION's revenue and expenses?

In 2023, FASHION INSTITUTE OF TECHNOLOGY FOUNDATION reported $7.2M in total revenue and $7.4M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.