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FOUNDATION OF THE ALUMNAE ASSOCIATION THE MT SINAI HOSPITAL SCHOOL OF NURSING
NEW YORK, NY · EIN 136096777 · Form 990PF · FY2024 · Micro (<$100K)
revenue
$11K
expenses
$17K
net assets
$63K
employees
—
profile · synthesized from sources

Foundation supporting nursing students and low-income alumnae of The Mount Sinai Hospital School of Nursing. Provides financial aid for education and hardship expenses related to health and other needs. Operates in New York and partners with institutions like Molloy University to award scholarships.

named programs · 2 · from sources

What they call their work

Friendship Fund
Provides financial assistance to low-income alumnae for health and other hardship-related expenses
Nursing Scholarship Program
Offers scholarships to nursing students, including through partner institutions like Molloy University
activities · 2 groups

What they do

  • Healthcare Education Scholarships and Fellowships 2 activities
    • Funding financial aid for nursing students through grants to the Nurses Education Fund Inc.
      Supports nursing education by providing grants to the Nurses Education Fund Inc., which in turn offers financial aid to nursing students.
    • Funding nursing scholarships for students at Molloy University and individual recipients
      Provides financial support to nursing students through awarded scholarships, including $5,000 and $3,000 grants to Molloy University and direct scholarships of $2,000 and $1,575 to individual recipients.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding financial aid for low-income alumnae facing health and hardship expenses
      Provides grants through the Friendship Fund to support low-income alumnae with health-related and other financial hardships, including aid to five recipients as documented in the reporting period.
financials · form 990PF · fy2024
revenue
Total revenue$11K
Contributions & grants$7K69%
Program service revenue——
Investment income$3K31%
Other revenue—
expenses
Total expenses$17K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$71K
balance sheet
Total assets$78K
Cash—
Investments—
Liabilities—
Net assets$63K
6 years on record · 2019–2024 · YoY revenue -49.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • BARBARA MULHEARN MCPEEK — BOARD MEMBER
  • CHARLOTTE NUSSBAUM ISLER — BOARD MEMBER
  • JUDITH SCHWARTZSTEIN SOM — BOARD MEMBER
  • KATHLEEN COOPER - MCDERMOTT — BOARD MEMBER
  • SUSAN SWEWIZER NEVINS — BOARD MEMBER
  • VIRGINIA L STORBERG — BOARD MEMBER
relationships · 2

Who they work with

  • Molloy University Partner — Receives nursing scholarship funding.
  • NURSES EDUCATION FUND INC Partner — Receives grants to provide financial assistance to nursing students.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Scholarship Funding to Support Nursing Education
    methodology: education_investment_model
    By awarding scholarships to nursing students and institutions, the foundation increases access to nursing education and strengthens the nursing workforce, because financial barriers are a primary constraint to educational completion and career entry in the field.
  • Targeted Financial Assistance for Alumnae in Need
    methodology: direct_assistance_model
    By providing financial aid to low-income alumnae facing health or personal hardship, the foundation alleviates immediate crises and supports long-term well-being, because direct assistance helps sustain vulnerable individuals through difficult life events.