Townsend Harris Alumni Association Inc
- Assets
- $2.4m
- Revenue
- $301.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1994
- Data as of
- 08/2022
- EIN
- 11-2593334
Organization Overview
Townsend Harris Alumni Association Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Townsend Harris Alumni 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 08/2022, Townsend Harris Alumni Association Inc generated $301.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $293.8k during the year ending 08/2022. While expenses have increased by 2.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED FOR ALUMNI OF TOWNSEND HARRIS HIGH SCHOOL TO SUPPORT THE HIGH SCHOOL'S ACTIVITIES FOR BOTH CURRENT AND FORMER STUDENTS. THE ORGANIZATION PROVIDES SUPPORT - FINANCIAL AND OPERATIONAL - TO THE HIGH SCHOOL ON AN ONGOING BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION FUNDED OVER 24 SCHOLARSHIPS TO STUDENTS FROM THE HIGH SCHOOL FOR COLLEGE TUITION. THE GRANTEES WERE CHOSEN BY THE SCHOOL ADMINISTRATION BASED ON SEVERAL CRITERIA INCLUDING ACADEMIC ACHIEVEMENT FINANCIAL NEED AND COMMUNITY CITIZENSHIP.
THE ASSOCIATION FUNDED THE SCHOOL'S ROBOTICS PROGRAM WHERE STUDENTS LEARN VALUABLE TECHNOLOGY AND ENGINEERING SKILLS AND COMPETE ACROSS THE COUNTRY WITH ROBOTS THAT THE STUDENTS BUILT ON THEIR OWN FROM SCRATCH. THE FUNDS GO TOWARDS SUPPLIES FOR THE CREATION OF THE ROBOTS COMPETITION FEES AND TRAVEL COSTS FOR THE STUDENTS AND THEIR FACULTY. NO COMPENSATION IS PAID TO THE FACULTY ADVISORS WITH THESE FUNDS. STUDENTS IN THE PROGRAM ALSO TRAVEL TO LOCAL ELEMENTARY SCHOOLS TO PRESENT THE PROGRAM AND DEMONSTRATE THEIR ROBOTS TO ELEMENTARY SCHOOL CHILDREN.
IT SUPPORT TO BRIDGE THE GAP BETWEEN WHAT IS NEEDED AND WHAT IS PROVIDED BY FUNDS FROM THE NYC DEPARTMENT OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selina W Lee Chairperson | OfficerTrustee | 7 | $0 |
Craig L Slutzkn Co-President And Treasurer | OfficerTrustee | 7 | $0 |
Lara Traum Co-President | OfficerTrustee | 5 | $0 |
Michael Byc Vice President | OfficerTrustee | 5 | $0 |
Benedict Fung Vice President | OfficerTrustee | 5 | $0 |
Debra Michlewitz Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,780 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,524 |
| Total Program Service Revenue | $0 |
| Investment income | $87,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,195 |
| Grants and other assistance to domestic individuals. | $58,560 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,131 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,814 |
| Information technology | $1,236 |
| 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 | $2,945 |
| All other expenses | $0 |
| Total functional expenses | $293,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,469 |
| Savings and temporary cash investments | $343,436 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,026,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,391,836 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,391,836 |
| Total liabilities and net assets/fund balances | $2,391,836 |
Grants Awarded
Over the last fiscal year, Townsend Harris Alumni Association Inc has awarded $201,310 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TOWNSEND HARRIS HIGH SCHOOL PURPOSE: School programs | $12,148 |
FUND FOR PUBLIC SCHOOLS PURPOSE: Payment of technology support for the school | $9,500 |
BARD IWT PURPOSE: Professional Development | $9,000 |
TOWNSEND HARRIS HIGH SCHOOL PURPOSE: This was indirectly spent for programs for Townsend Harris High School students. For example payments directly paid to a hotel for students to attend a Robotics competition. | $170,662 |