SCHOLARSHIP AND WELFARE FUND OF THE ALUMNI ASSOCIATION OF HUNTER COLLEGE INC

EIN: 131809290 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,935,089
Total Expenses
$857,896
Total Assets
$26,850,226
Net Assets
$26,766,226
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
NY
Principal Officer
WILLIAM SHEA
Phone
2127724092
Tax Period
2024-06-01 to 2025-05-31

SCHOLARSHIP AND WELFARE FUND OF THE ALUMNI ASSOCIATION OF HUNTER COLLEGE INC, founded in 1949, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 56% operating margin.

Mission

TO STIMULATE, ENCOURAGE, AND PROMOTE THE EDUCATIONAL WELFARE OF STUDENTS AND ALUMNI OF HUNTER COLLEGE THROUGH ESTABLISHING, MAINTAINING, AND AWARDING SCHOLARSHIPS AND OTHER GRANTS.

Program Service Accomplishments

Program 1
Expenses: $622,942

STUDENT AID GIVEN TO STUDENTS OF HUNTER COLLEGE THROUGH GRANTS AND/OR SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $559,874
Program Service Revenue $0
Investment Income $1,375,215
Other Revenue $0
TOTAL REVENUE $1,935,089

Expense Breakdown

Grants Paid $622,942
Salaries & Benefits $183,676
Fundraising Expenses $0
Program Expenses $622,942
Other Expenses $51,278
TOTAL EXPENSES $857,896

Year-over-Year Comparison

2024 2023 Change
Revenue $1,935,089 $1,656,988 +0.2%
Expenses $857,896 $832,898 +0.0%
Net Income $1,077,193 $824,090 +0.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
43
Independent Members
43
Employees
3
Volunteers
40

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$84,000
Total Directors
46
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGINIA SHIELDS PRESIDENT 20.00
Officer Director
$0 $0 $0
JOSEPH LOSCHIAVO 1ST VICE-PRESIDENT 0.30
Officer Director
$0 $0 $0
LESLIE LIETH 2ND VICE-PRESIDENT 0.30
Officer Director
$0 $0 $0
HELENE D GOLDFARB 3RD VICE-PRESIDENT 0.30
Officer Director
$0 $0 $0
WILLIAM D SHEA TREASURER 0.30
Officer Director
$0 $0 $0
NORMAN GOLDSMITH ASSISTANT TREASURER 0.30
Officer Director
$0 $0 $0
VERA JUNKERS SECRETARY 0.30
Officer Director
$0 $0 $0
JAMESETTA A HALLEY-BOYCE ASSITANT SECRETARY 0.30
Officer Director
$0 $0 $0
MARILYN GOODMAN DIRECTOR & NOMINATING COMM 0.30
Director
$0 $0 $0
AMY S BARASH DIRECTOR 0.30
Director
$0 $0 $0
PROF ELIZABETH K BEAUJOUR DIRECTOR 0.30
Director
$0 $0 $0
DR ARLINE L BRONZAFT DIRECTOR 0.30
Director
$0 $0 $0
BETTINA DAMIANI DIRECTOR 0.30
Director
$0 $0 $0
VERONICA A FARJE DIRECTOR 0.30
Director
$0 $0 $0
HELENE D GOLDFARB DIRECTOR 0.30
Director
$0 $0 $0
NORMAN GOLDSMITH DIRECTOR 0.30
Director
$0 $0 $0
DR MARILYN JS GOODMAN DIRECTOR 0.30
Director
$0 $0 $0
ROSEMARY A GOULD DIRECTOR 0.30
Director
$0 $0 $0
DR JAMESETTA A HALLEY-BOYCE DIRECTOR 0.30
Director
$0 $0 $0
DR VERA JUNKERS DIRECTOR 0.30
Director
$0 $0 $0
MARCIA KAPLAN-MANN DIRECTOR 0.30
Director
$0 $0 $0
DR MARY C KEANE DIRECTOR 0.30
Director
$0 $0 $0
BARRIE J KELLY DIRECTOR 0.30
Director
$0 $0 $0
BARBARA J LEADER DIRECTOR 0.30
Director
$0 $0 $0
LARRY LEE DIRECTOR 0.30
Director
$0 $0 $0
JOHN LEUBSDORF DIRECTOR 0.30
Director
$0 $0 $0
EUNICE LEWIS-BROOME DIRECTOR 0.30
Director
$0 $0 $0
ANN S LEWYN DIRECTOR 0.30
Director
$0 $0 $0
LESLIE LIETH DIRECTOR 0.30
Director
$0 $0 $0
JOSEPH LOSCHIAVO DIRECTOR 0.30
Director
$0 $0 $0
BARBARA LUSTIG DIRECTOR 0.30
Director
$0 $0 $0
BARBARA A POSELUZNY DIRECTOR 0.30
Director
$0 $0 $0
ALISA SCHIERMAN DIRECTOR 0.30
Director
$0 $0 $0
WILLIAM D SHEA DIRECTOR 0.30
Director
$0 $0 $0
VIRGINIA SHIELDS DIRECTOR 0.30
Director
$0 $0 $0
GRACE F SMALLWOOD DIRECTOR 0.30
Director
$0 $0 $0
FRANCES A TABER DIRECTOR 0.30
Director
$0 $0 $0
JUDITH M ZABAR DIRECTOR 0.30
Director
$0 $0 $0
JENNIFER J RABB DIRECTOR 0.30
Director
$0 $0 $0
EIJA AYRAVAINEN DIRECTOR 0.30
Director
$0 $0 $0
GRACE C KRAJCOVIC DIRECTOR 0.30
Director
$0 $0 $0
DAVE S HATTEM DIRECTOR (FORMER) 0.30
Director
$0 $0 $0
GERALD GOLLUB DIRECTOR (FORMER) 0.30
Director
$0 $0 $0
KIMBERLY HAFNER DIRECTOR (FORMER) 0.30
Director
$0 $0 $0
SANDRINE HUGO-KENT DIRECTOR (FORMER) 0.30
Director
$0 $0 $0
ELIZABETH WILSON-ANSTEY DIRECTOR (FORMER) 0.30
Director
$0 $0 $0
RUOFAN LI EXECUTIVE DIRECTOR 28.00
Officer
$83,280 $720 $84,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,935,089 $857,896 $26,850,226 $1,077,193
2024 $1,656,988 $832,898 $26,508,259 $824,090
2022 $828,486 $1,068,279 $25,509,699 $-239,793
2021 $847,314 $1,088,706 $25,136,246 $-241,392
2020 $1,853,165 $1,392,440 $22,442,149 $460,725
2019 $890,328 $1,324,905 $23,369,542 $-434,577
2018 $1,581,763 $1,406,193 $24,185,948 $175,570
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