The Philadelphia Fashion Incubator
The Philadelphia Fashion Incubator
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About this organization
Mission
The purpose of the Incubator is to provide opportunities for education and support and promote emerging fashion designers and the fashion community in the Philadelphia area.
About
The Philadelphia Fashion Incubator is a twelve month residency program featuring six annually selected Designers-in-Residence (DIR). The DIR have access to office and design/work space, business curriculum, mentoring, and other important resources all within Macy's Center City, in an effort to help them launch and further grow their companies in the City of Philadelphia. The 2016 program began with a week long business boot camp, a series of 16 business workshops. The business boot camp jump starts the residency and provides the DIR with essential business information, allowing them to accelerate their businesses and execute strategies early on in the program. The DIR also participated in various workshops throughout the year which focused on various business topics. Workshops provided in depth knowledge on each topic and served as a working classroom where DIR prepared information in advance was reviewed by each instructor. In addition, the workshops provided opportunity for DIR to tap into industry experts. Each DIR is also paired with an industry leader mentor whom they meet with throughout the residency. The mentors assist the DIR in developing their professional and business skills along with gaining feedback on their business models and collections. Trips to New York City are also held each month. The trips include meetings with fashion entrepreneurs, tours of production and sourcing resources, industry shows and events. DIRs also participated in various trade shows and events including New York Fashion Week, New York Fashion Conference and the FashInvest Fashion Tech Investment Conference.
Interesting data from their 2017 990 filing
From their filing, the objective of the non-profit is stated as “Philadelphia fashion incubator's mission is to identify the next generation of fashion entrepreneurs, provide them with business resources, and connect them to the region's business and fashion network. its central purpose is to help establish an economically sustainable fashion community, support the development of a savvy and creative workforce, and serve as a force that supports the larger economic development of the region.”.
When talking about its functions, they were outlined as: “The purpose of the incubator is to provide opportunities for education and support and promote emerging fashion designers and the fashion community in the philadelphia area.”.
- The legally reported state of operation for the non-profit is PA.
- According to the filing, the non-profit's address in 2017 is 1300 Market Street, Philadelphia, PA, 19107.
- The non-profit organization as of 2017 has a total of 1 employees reported on their form.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $14,749.
- The organization has 10 independent voting members.
- The organization was formed in 2011.
- The organization pays $86,522 in salary, compensation, and benefits to its employees.
- The organization pays $15,387 in fundraising expenses.