Sva Alumni Society Inc

Organization Overview

Sva Alumni Society Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sva Alumni Society 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 06/2022, Sva Alumni Society Inc generated $447.0k 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 (13.4%) each year. All expenses for the organization totaled $318.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SOCIETY WORKS IN CONJUNCTION WITH THE ALUMNI AFFAIRS AND DEVELOPMENT OFFICE AT THE SCHOOL OF VISUAL ARTS SERVING AS THE VEHICLE FOR GRANTING SELECT STUDENT SCHOLARSHIPS AND MERIT AWARDS AND SOLICITING DONATIONS TO FUND THE PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALUMNI AND EMERGENCY ASSISTANCE FUND SCHOLARSHIPSTHE ALUMNI SCHOLARSHIP FUND ISSUED FORTY-SIX AWARDS TO SUPPORT THE DIRECT COST OF COMPLETING FINAL THESIS/SENIOR PORTFOLIO PROJECTS. ALL MATRICULATED STUDENTS IN GOOD ACADEMIC STANDING WITH A MINIMUM GPA OF 3.0, AND PLANNING TO GRADUATE IN SPRING 2022, WERE ELIGIBLE. AWARD AMOUNTS RANGE FROM $500-$5000 AND ARE BASED UPON ARTISTIC MERIT, AS DETERMINED BY A REVIEW PANEL, AND FINANCIAL NEED AS DEMONSTRATED BY A PROJECT BUDGET. IN FY22 $10,500 WAS AWARDED TO TWENTY-ONE STUDENTS FROM THE EMERGENCY ASSISTANCE FUND (EAF). THE FUND WAS ESTABLISHED IN ORDER TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE IN THE FORM OF MICROGRANTS TO SUPPORT CURRENTLY ENROLLED, FULL-TIME UNDERGRADUATE AND GRADUATE STUDENTS WHO WERE EXPERIENCING ACUTE ECONOMIC DISTRESS.NAMED AND MERIT SCHOLARSHIPS THIRTY-FOUR NAMED SCHOLARSHIPS, TOTALING $61,600, AND ONE $1,000 MERIT SCHOLARSHIP WERE ISSUED IN FY22. SCHOLARSHIPS SUPPORT THE DIRECT COST OF COMPLETING A FINAL THESIS/SENIOR PORTFOLIO PROJECT, TO RECOGNIZE INDIVIDUAL ACCOMPLISHMENT AND MERIT, OR ARE NEED BASED, AS INDICATED BELOW. ALL MATRICULATED STUDENTS IN GOOD ACADEMIC STANDING WITH A MINIMUM CUMULATIVE GPA OF 3.0, AND PLANNING TO GRADUATE IN SPRING 2022, WERE ELIGIBLE. THE LILA EVA LEWENTAL MEMORIAL AWARD WAS DISTRIBUTED TO ONE STUDENT IN THE AMOUNT OF $10,000. THE RODMAN FAMILY SCHOLARSHIP AWARD WAS DISTRIBUTED TO ONE STUDENT IN THE AMOUNT OF $2,900. AWARDS FROM THESE TWO FUNDS ARE NEED BASED AND ARE DISTRIBUTED ANNUALLY TO A STUDENT TO DIRECTLY PAY FOR STUDENT LOAN DEBT. HOUSING SCHOLARSHIPSIN FY22 $46,231 IN SCHOLARSHIPS WERE AWARDED TO THREE HOUSING SCHOLARSHIP RECIPIENTS. THE INTENT OF THE ALUMNI SOCIETY HOUSING SCHOLARSHIP IS TO PROVIDE ON-CAMPUS HOUSING FOR A STUDENT WHO WOULD OTHERWISE COMMUTE FROM HOME. THE HOUSING SCHOLARSHIP COVERS THE COST OF ON-CAMPUS HOUSING FOR THE DURATION AT SVA (NOT TO EXCEED FOUR YEARS). ELIGIBLE STUDENTS MUST FULFILL THE FOLLOWING CRITERIA: HOME ADDRESS IS WITHIN A 100 MILE RADIUS FROM ZIP CODE 10010; MINIMUM HIGH SCHOOL OR TRANSFER GPA OF 3.0; DEMONSTRATED FINANCIAL NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Radom
Chairman
$0
Michael Halsband
Vice-Chairman
$0
Phyllis Hollis
Treasurer
$0
David Kuhn
Secretary
$0
Christopher Growney
Board Member
$0
Lynda Hughes
Board Member
$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$319,628
Noncash contributions included in lines 1a–1f $58,850
Total Revenue from Contributions, Gifts, Grants & Similar$319,628
Total Program Service Revenue$0
Investment income $89,336
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $38,073
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $447,037

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Sva Alumni Society Inc has recieved totaling $33,250.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$15,100
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$15,100
The Community Fdn Of Middle Tn Inc

Nashville, TN

PURPOSE: EDUCATION

$3,050
View Grant Recipient Profile

Peer Organizations

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