Overview

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Est.

1953

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Alumni Association of the Fashion Institute of Technology Inc, established in 1953, is a nonprofit organization dedicated to fostering relationships among FIT, its alumni, faculty, and the fashion industry. With an operating budget of $213.5K and total revenue of $191K for the 2024 filing year, the association focuses on enhancing the lives of current FIT students through scholarships and industry engagement. The organization does not rely on a single funder for 50% or more of its revenue and operates primarily through fundraising and "friend-raising" events. For more information, visit www.fitnyc.suny.edu.

Mission Statement

THE FIT ALUMNI ASSOCIATION IS AN INDEPENDENT NOT-FOR-PROFIT ORGANIZATION, WHOSE ONGOING MISSION IS TO MAINTAIN RELATIONSHIPS AMONG FIT, ITS ALUMNI, FACULTY AND THE FASHION AND RELATED INDUSTRIES. FOUNDED IN 1953, THE ASSOCIATION HOSTS ANNUAL FUNDRAISING AND "FRIEND-RAISING" EVENTS, WITH THE AIM OF ENHANCING THE LIFE OF CURRENT FIT STUDENTS THROUGH SCHOLARSHIPS, CONTRIBUTION TO CAMPUS ENVIRONMENTS AND FACILITATING INDUSTRY INTERACTION.
Revenues
$191K
Expenses
$213.5K
Net Income:
-$22.4K
Assets
$756.9K
Liabilities
$2.9K
Net Assets:
+$753.9K
Operating Budget
$213.5K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5.9K
Largest grant received
$5.9K
K
Katie Baldwin
Board Member
C
Camille Block
Board Member
G
Gina Adamo
Board Member

Frequently Asked Questions

What is ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC’s budget?
In 2024, ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC reported an annual operating budget of around $213 thousand. More detailed financial information is available to registered users.
What causes does ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC support?
ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC supports work in Alumni relations.
Where does ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC operate?
ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC is headquartered in New York, NY.
Who funded ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC recently?
In 2024, ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND and FASHION INSTITUTE OF TECHNOLOGY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC received in 2024?
The largest grant to ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC in 2024 exceeds $5,860.