Mission
The International Alumni Association of Shri Mahavira Jain Vidyalaya (IAAMJV-USA) is a nonprofit organization founded in 1991 to support higher education within the Jain community. It provides interest-free loan scholarships to facilitate educational pursuits of students from India and the USA, helping them achieve their academic goals while respecting Jain principles.
Basic Information
Tax-Exempt
Founded in
1991
EIN
11-3097675
Total Assets
$3.765 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 2 of 2 goals
At a Glance
Loan Scholarship for Graduates (LSGI)
Supporting graduate students from India to study in the USA with scholarships up to $5,000.
High School Seniors/College Undergraduates (CEL)
Offering $10,000 loan scholarships for high school seniors/college undergraduates in the USA.
Loan Scholarship Program for Undergraduates (LSUI)
Providing scholarships for undergraduate students residing in India.
Impact Stats
$3,000,000
Total Loan Amount Disbursed
Scholarship Disbursement
More than $3 million disbursed as interest-free loans to over 1,000 students since inception.
150+
Total Students Supported per Year
Number of Students Helped
Over 150 students aided annually through various scholarship programs.
$5,000
Current Loan Amount for LSGI Program
Increased Loan Amounts
Loan scholarships have increased from $1,000 to $5,000 within the last 30 years.
Past Events
Reunion
2019-07-14
An event for alumni to connect with each other and share experiences.
Election and General Body Meetings
2014-08-15
Election of new members and general discussions on the association's objectives.
Our Programs
Loan Scholarship Program for Graduates (LSGI)
Provides loan scholarships of $5,000 for graduates from India pursuing higher education in the USA.
Learn More
Loan Scholarship Program for Undergraduates (LSUI)
Offers loan scholarships for undergraduate students residing in India.
Learn More
CEL Program
Supports high school seniors and college undergraduates in the USA with loans up to $10,000.
Learn MoreTestimonials
"I am highly thankful to IAAMJV for providing me with immense help and financial support for my education. It is incomparable."
Aagam Shah
Student
"This loan has really helped financially sponsor my education since I do not have a green card yet; it was difficult to get a student loan from the bank."
Maitri Gandhi
Student
"I am really grateful to this organization and people who are doing this brilliant work to help needy students for their education."
Harshit Gandhi
Student
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
50
46
/100
Program Expense Ratio
98.37%
20
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0
2
/20
Working Capital Ratio
11.13
20
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 434.2K | 87.34% |
| Program Services | 0 | 0.00% |
| Investment Income | 33.06K | 6.65% |
| Sales of Non-Inventory Assets | 29.86K | 6.01% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 497.1K | 100.00% |
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