Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle
- Assets
- $25.5m
- Revenue
- $828.5k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 09/1949
- Data as of
- 05/2022
- EIN
- 13-1809290
Organization Overview
Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle generated $828.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH MAINTAIN AND SUPPORT SCHOLARSHIP AND OTHER ACTIVITIES AND TO BENEFIT THE STUDENTS AND ALUMNI OF HUNTER COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT AID GIVEN TO STUDENTS OF HUNTER COLLEGE THROUGH GRANTS AND/OR SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruofan Li Executive Director | Trustee | 28 | $76,500 |
Ursula Mahoney 3rd Vice-President | OfficerTrustee | 3 | $0 |
Virginia Shields 1st Vice-President | OfficerTrustee | 20 | $0 |
Helene D Goldfarb Treasurer | OfficerTrustee | 0.3 | $0 |
Patricia Rudden 2nd Vice-President | OfficerTrustee | 0.3 | $0 |
Vera Junkers Secretary | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,905 |
| Noncash contributions included in lines 1a–1f | $6,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,905 |
| Total Program Service Revenue | $0 |
| Investment income | $503,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$69,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $828,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $857,673 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,929 |
| Compensation of current officers, directors, key employees. | $78,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,282 |
| Payroll taxes | $9,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,807 |
| All other expenses | $0 |
| Total functional expenses | $1,068,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,087 |
| Savings and temporary cash investments | $50,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,429,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,279 |
| Total assets | $25,509,699 |
| Accounts payable and accrued expenses | $28,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,000 |
| Net assets without donor restrictions | $5,240,455 |
| Net assets with donor restrictions | $20,241,244 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,509,699 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle has recieved totaling $21,129.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: ENDOWMENT | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $129 |
Endowment Analysis
| Beg. Balance | $25,031,224 |
| Earnings | $1,046,827 |
| Admin Expense | $29,077 |
| Net Contributions | $238,657 |
| Grants | $857,673 |
| Ending Balance | $25,429,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marlboro College Foxborough, MA | $37,753,712 | $8,202,208 |
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Boricua College New York, NY | $59,386,544 | $9,310,938 |
Purchase College Association Inc Suny College At Purchase Purchase, NY | $7,359,023 | $12,412,930 |
Bard College Berlin A Liberal Arts University Ggmbh Annandaleonhudson, NY | $6,902,665 | $9,754,938 |
Sattler College Inc Boston, MA | $4,505,835 | $11,233,247 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
Sterling College Craftsbury Common, VT | $8,938,081 | $9,817,486 |
Hebrew College Newton, MA | $18,470,927 | $14,279,250 |
The College Of New Jersey Foundation Inc Ewing, NJ | $60,398,961 | $30,765,630 |
Fei Tian College Cuddebackville, NY | $23,027,384 | $17,138,947 |