Sva Alumni Society Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SVA ALUMNI SOCIETY, INC. (THE "SOCIETY") WAS ESTABLISHED TO MAINTAIN, PROMOTE AND ENHANCE A MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN THE SCHOOL OF VISUAL ARTS (THE "SCHOOL") AND ITS ALUMNI. THE SOCIETY PROMOTES PROFESSIONAL DEVELOPMENT AMONG THE ALUMNI AND RAISES FUNDS TOWARD SCHOLARSHIP PROGRAMS.
- Income
- $694,773
- Spending
- $419,397
- Spent on programs
- 51%
- Reserves
- 36.3 months of spending
- Largest source of income
- donations and private grants, 75%
- Employees
- 0
- Volunteers
- 8
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 78% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 36.3 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 40% of income.
Income trend
15 of 15Income rose 56% on the year before.
Spending floor
8 of 1550% of spending went to programs and raising each dollar of donations cost 13 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 95% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $211,694 spent. FORTY-TWO NAMED SCHOLARSHIPS, TOTALING $62,800, AND ONE $1,000 MERIT SCHOLARSHIP WERE ISSUED IN FY25. 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 2025, 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 $2,600. AWARDS FROM THESE TWO FUNDS ARE NEED BASED AND ARE DISTRIBUTED ANNUALLY TO A STUDENT TO DIRECTLY PAY FOR STUDENT LOAN DEBT. HOUSING SCHOLARSHIPSIN FY25 $88,750 IN SCHOLARSHIPS WERE AWARDED TO FIVE 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.ALUMNI AND EMERGENCY ASSISTANCE FUND SCHOLARSHIPSTHE ALUMNI SCHOLARSHIP FUND ISSUED SIXTY-FOUR 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 2025, WERE ELIGIBLE. AWARD AMOUNTS RANGE FROM $500-$1,500 AND ARE BASED UPON ARTISTIC MERIT, AS DETERMINED BY A REVIEW PANEL, AND FINANCIAL NEED AS DEMONSTRATED BY A PROJECT BUDGET. IN FY25 $12,500 IN EMERGENCY ASSISTANCE FUND SCHOLARSHIPS WERE ISSUED TO TWENTY-FIVE RECIPIENTS.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2016.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.