Hunter College High School Alumnae I Association Inc
- Assets
- $2.0m
- Revenue
- $664.4k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 02/1998
- Data as of
- 06/2021
- EIN
- 13-3953396
Organization Overview
Hunter College High School Alumnae I Association Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Hunter College High School Alumnae I Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hunter College High School Alumnae I Association Inc 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 06/2021, Hunter College High School Alumnae I Association Inc generated $664.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $695.3k during the year ending 06/2021. While expenses have increased by 11.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HUNTER COLLEGE HIGH SCHOOL ALUMNAE/I ASSOCIATION, INC. ("HCHSAA") IS TO PROMOTE CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES FOR HUNTER COLLEGE HIGH SCHOOL (THE "SCHOOL") AND ITS ALUMNAE/I. IT ACCOMPLISHES THIS GOAL THROUGH THE ESTABLISHMENT OF SCHOLARSHIPS AND FELLOWSHIPS, OFFERING OTHER STUDENT AID PROGRAMS, AND SPONSORING VARIOUS ACADEMIC AND CULTURAL ACTIVITIES FOR THE SCHOOL AND ITS ALUMNAE/I. IN ADDITION, HCHSAA SERVES AS AN ADVOCATE FOR THE SCHOOL AND IT CREATES AND SUSTAINS A SOCIAL AND PROFESSIONAL NETWORK FOR ITS ALUMNAE/I.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2021, HCHSAA'S BOARD OF DIRECTORS ("BOARD") APPROVED A GRANT OF $250,000 TO THE HUNTER COLLEGE FOUNDATION AND RESTRICTED ITS USE TO A COVID EMERGENCY FUND TO SUPPORT THE SCHOOL DURING THE PANDEMIC. THE SCHOOL USED THE GRANT TO HELP FUND OUTDOOR TENTS, AIR FILTRATION SYSTEMS, COVID-19 TESTING STAFF AND MONITORS, AND REMOTE LEARNING EQUIPMENT. A PORTION OF THE GRANT WAS PAID AFTER THE CONCLUSION OF THE FISCAL YEAR.
HCHSAA'S BOARD APPROVED $46,000 IN GRANTS TO TWO NON-PROFIT ORGANIZATIONS - EXAM SCHOOLS PARTNERSHIP INITIATIVE ("ESPI") AND ACHILLEA PEER TUTORING ("APT") - TO HELP PROVIDE GREATER ACCESS TO THE SCHOOL. THE GRANT TO ESPI HELPED PROVIDE TEST PREP CLASSES (FOR THE SCHOOL'S ADMISSION TEST) TO ACADEMICALLY ADVANCED STUDENTS FROM LOW-INCOME NEIGHBORHOODS AND RACIALLY ISOLATED SCHOOLS. APT WAS STARTED BY A STUDENT AS A SCHOOL CLUB TO PROVIDE ONE-ON-ONE PEER TUTORING TO STUDENTS WITH EXPERIENCES IN THE CHILD WELFARE SYSTEM IN NEW YORK CITY. APT USED THE GRANT TO HELP EXPAND ITS SERVICES ACROSS THE COUNTRY. A PORTION OF THESE GRANTS WERE PAID AFTER THE CONCLUSION OF THE FISCAL YEAR.
HCHSAA'S BOARD APPROVED A $12,000 GRANT DIRECTLY TO THE SCHOOL TO SUPPORT ITS DEBATE TEAM DURING THE PANDEMIC.
SCHOLARSHIPS TO STUDENTS AND OTHER ALUMNAE/I ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Tsao President | OfficerTrustee | 30 | $0 |
Peggy Blumenthal Secretary | OfficerTrustee | 15 | $0 |
Frederick Yee Treasurer | OfficerTrustee | 15 | $0 |
Judith Daniel-George Vice President | OfficerTrustee | 15 | $0 |
Alexandra Friedman Board Member | Trustee | 1 | $0 |
David Stefanou Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,956 |
| Total Program Service Revenue | $219 |
| Investment income | $6,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $311,510 |
| Grants and other assistance to domestic individuals. | $5,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,094 |
| Payroll taxes | $52,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,006 |
| Advertising and promotion | $0 |
| Office expenses | $78,906 |
| 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 | $965 |
| All other expenses | $19,233 |
| Total functional expenses | $695,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,519 |
| Savings and temporary cash investments | $893,766 |
| 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 | $5,300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $867,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,008,710 |
| Accounts payable and accrued expenses | $9,559 |
| Grants payable | $158,000 |
| 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 | $45,340 |
| Other liabilities | $0 |
| Total liabilities | $212,899 |
| Net assets without donor restrictions | $1,397,098 |
| Net assets with donor restrictions | $398,713 |
| 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 | $2,008,710 |
Grants Awarded
Over the last fiscal year, Hunter College High School Alumnae I Association Inc has awarded $308,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: COVID-19 EMERGENCY FUND | $250,000 |
New York, NY PURPOSE: TEST PREP CLASSES FOR ACADEMICALLY ADVANCED STUDENTS FROM LOW INCOME NEIGHBORHOODS | $40,000 |
HUNTER COLLEGE HIGH SCHOOL PURPOSE: SUPPORT FOR DEBATE TEAM | $12,000 |
Forest Hills, NY PURPOSE: SUPPORT FOR ONE-ON-ONE PEER TUTORING FOR STUDENTS WITH EXPERIENCES IN CHILD WELFARE SYSTEM | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hunter College High School Alumnae I Association Inc has recieved totaling $28,745.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,203 |
Grace Jones Richardson Tr Greensboro, NC PURPOSE: TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,042 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Syracuse Health Science Center Medical Alumni Foundation Inc Syracuse, NY | $50,640,765 | $25,764,011 |