Governance

 

Spending Policy

The Stonington Village Improvement Association (SVIA) is a 501(c)(3) non-profit organization that fulfills its mission with funds raised through its appeals. These funds are used to maintain and enhance the four SVIA-owned properties, all of which are open to the public, and to provide other amenities in the Borough for public use and enjoyment. This enrichment includes recreational, cultural, and beautification projects as well as hosting of traditional annual events and administration of the Stonington Village Farmers’ Market. A reserve fund provides financial security for SVIA properties and projects in the event of unforeseen maintenance expenses.

The SVIA collaborates with the Stonington Borough and Stonington Town governments and with other non-profits on projects to achieve goals that fulfill SVIA’s mission. The SVIA is not a pass-through funding organization. It, therefore, does not give funds to other organizations for their capital campaigns or in pursuit of projects to fulfill their own mission goals.

If an organization is interested in a collaboration on a mutually mission-driven project, a letter with proposed project details may be submitted to the President of the SVIA. The proposal will be discussed and voted on at an SVIA Board meeting.

Updated 14 September 2020

By-Laws

Find the Stonington Village Improvement Association, Incorporated By-Laws here.

Audited Financial Statement

2020-2021 Financial Statements

2019-2020 Audited Financial Statements

Financials 990

2020 Form 990

2019 Form 990