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Sva Alumni Society Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237193748 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Sva Alumni Society Inc?

Sva Alumni Society Inc, based in New York City, is a nonprofit organization that collaborates with the Alumni Affairs and Development Office at the School of Visual Arts. Its primary purpose is to strengthen the connection between the school and its alumni, promoting professional growth among them. The society grants scholarships and merit awards to selected students, soliciting donations to fund these programs. In addition, Sva Alumni Society Inc offers financial assistance through the Emergency Assistance Fund, providing microgrants to students experiencing acute economic distress. They also offer housing scholarships to students residing within a 100-mile radius of the school, covering on-campus housing costs for up to four years. The society also awards named and merit scholarships, recognizing individual accomplishments and merit, or addressing financial needs.


Official website here: www.sva.edu/alumni

Is Sva Alumni Society Inc legitimate?

Sva Alumni Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sva Alumni Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sva.edu/alumni

What is the mission statement of Sva Alumni Society Inc?

The Sva Alumni Society Inc, with a focus on maintaining and enhancing the relationship between the School of Visual Arts (SVA) and its alumni, works in conjunction with the Alumni Affairs and Development Office at SVA. The society promotes professional development among its alumni and raises funds to support scholarship programs. The Alumni Scholarship Fund issues awards to support students in completing their final projects, while the Emergency Assistance Fund offers financial aid to students experiencing acute economic distress. Additionally, the society awards named and merit scholarships to recognize individual accomplishments and merit or financial need. The Alumni Society Housing Scholarship provides on-campus housing for eligible students whose home address is within a 100-mile radius from SVA's location.


Official website here: www.sva.edu/alumni

Who is the CEO of Sva Alumni Society Inc?

Todd Radom is the Chairman of Sva Alumni Society Inc.


Official website here: www.sva.edu/alumni

What is the revenue of Sva Alumni Society Inc?

Sva Alumni Society Inc's revenue in 2022 was $447,037.


Official website here: www.sva.edu/alumni

Who are the executives of Sva Alumni Society Inc and what are their salaries?

There 6 volunteers at Sva Alumni Society Inc.


Here are 6 key members and their salaries:


Todd Radom (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Halsband (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Hollis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Kuhn (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Growney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynda Hughes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sva.edu/alumni

Where can I find the form 990 for Sva Alumni Society Inc?

Sva Alumni Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sva.edu/alumni

Learn more at the official website: www.sva.edu/alumni

Mission Statement of Sva Alumni Society Inc

Sva Alumni Society Inc, established to foster a mutually beneficial relationship between the School of Visual Arts (SVA) and its alumni, aims to promote professional development among the alumni and raise funds for scholarship programs. The society serves as a vehicle for granting select student scholarships and merit awards, and solicits donations to fund these initiatives. Sva Alumni Society Inc's mission is to maintain, promote, and enhance the connection between SVA and its alumni. By doing so, the society seeks to support the academic and professional growth of its alumni, while also investing in the future of the school through scholarship programs.

The society's activities primarily revolve around providing financial aid to deserving students. In the fiscal year 2022, Sva Alumni Society Inc awarded forty-six scholarships from the Alumni Scholarship Fund, supporting the direct costs of completing final thesis/senior portfolio projects for students with a minimum GPA of 3.0. The award amounts ranged from $500 to $5000, based on artistic merit and financial need as demonstrated by a project budget. Additionally, the society awarded thirty-four named scholarships and one merit scholarship, totaling $61,600, to recognize individual accomplishment and merit, or to provide financial assistance based on need.

Moreover, the Emergency Assistance Fund was established to provide emergency financial assistance in the form of microgrants to currently enrolled, full-time undergraduate and graduate students experiencing acute economic distress. In fiscal year 2022, the fund awarded $10,500 to twenty-one students. The society also offers the Alumni Society Housing Scholarship, which provides 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 of the student's time at SVA (not exceeding four years), with eligible students meeting specific criteria, including a home address within a 100-mile radius of the SVA zip code, and a minimum high school or transfer GPA of 3.0.

In summary, Sva Alumni Society Inc's mission is to strengthen the bond between the School of Visual Arts and its alumni, while simultaneously supporting the academic and professional growth of its alumni through scholarship programs. The society provides financial aid to deserving students through various scholarships, including the Alumni Scholarship Fund, named scholarships, and the Emergency Assistance Fund. Furthermore, the Alumni Society Housing Scholarship offers on-campus housing to eligible students who meet certain criteria.

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Impact




October, 2024

SVA Alumni Society Inc significantly impacts students at the School of Visual Arts through its dedicated scholarship programs and financial assistance initiatives. The society actively collaborates with the Alumni Affairs and Development Office to provide essential support that enables students to complete their final thesis and senior portfolio projects.

In FY22, the organization awarded forty-six scholarships distributed from the Alumni Scholarship Fund, which provided financial assistance ranging from $500 to $5,000 based on artistic merit and financial need. This investment not only alleviated the financial burden on students but also empowered them to showcase their creativity and academic accomplishments.

Additionally, the Emergency Assistance Fund offered vital microgrants totaling $10,500 to twenty-one students facing acute economic distress, ensuring they could continue their education uninterrupted. The society also distributed thirty-four named scholarships, totaling $61,600, which recognized individual merit while providing much-needed resources to further students’ academic pursuits.

Moreover, the housing scholarships, amounting to $46,231, helped students who would otherwise commute from home, covering the costs of on-campus housing. This initiative allowed students to fully engage in their studies and campus life, fostering a more enriching educational environment.

Overall, SVA Alumni Society Inc plays a crucial role in promoting professional development among alumni and maintaining a mutually beneficial relationship between the school and its graduates while ensuring that current students receive the support necessary to thrive in their artistic endeavors.




This information is meant to be a general summary of Sva Alumni Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$447,037 (2022)
Expenses
$318,906 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $127,409
  • Gross Receipts: $596,809

Assets and Liabilities:

  • Total Assets: $2,174,207
  • Total Liabilities: $0
  • Net Assets: $2,174,207

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Organization Details

Founding Year

1972

Principal Officer

Todd Radom

Main Address

209 EAST 23RD STREET, NEW YORK, NY, 100103974

NTEE Category

Code: A25 - Arts

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