Civic Intelligence

Severance Alumni Association Inc.

990 • Fiscal year 2015 • EIN 11-2387947

Nov 01, 2014 to Oct 31, 2015 • Filed on Aug 11, 2016

Organization Profile
26 Wimbledon DrRoslyn, NY 11576

(516) 455-4319

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.08x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

40%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$525,283

Down $65,160 (-11%) from 2014

Net Assets

Down

$483,705

Down $105,559 (-18%) from 2014

Liabilities

Up

$41,578

Up $40,399 (+3427%) from 2014

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin13th percentile

Revenue

Up

$476,904

Up $136,311 (+40%) from 2014

Expenses

Up

$582,463

Up $380,593 (+189%) from 2014

Net Income

Down

-$105,559

Down $244,282 (-176%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $465,971Liabilities 2011: $13,382Net Assets 2011: $452,5892011Assets 2012: $470,260Liabilities 2012: $20,752Net Assets 2012: $449,5082012Assets 2013: $450,873Liabilities 2013: $332Net Assets 2013: $450,5412013Assets 2014: $590,443Liabilities 2014: $1,179Net Assets 2014: $589,2642014Assets 2015: $525,283Liabilities 2015: $41,578Net Assets 2015: $483,7052015Assets 2016: $522,506Liabilities 2016: $131,703Net Assets 2016: $390,8032016Assets 2017: $706,872Liabilities 2017: $183,748Net Assets 2017: $523,1242017Assets 2018: $1,203,913Liabilities 2018: $516,147Net Assets 2018: $687,7662018Assets 2019: $1,186,897Liabilities 2019: $510,678Net Assets 2019: $676,2192019Assets 2020: $1,157,350Liabilities 2020: $432,389Net Assets 2020: $724,9612020Assets 2021: $1,301,457Liabilities 2021: $446,440Net Assets 2021: $855,0172021Assets 2022: $1,357,179Liabilities 2022: $418,552Net Assets 2022: $938,6272022Assets 2023: $1,397,360Liabilities 2023: $376,639Net Assets 2023: $1,020,7212023Assets 2024: $2,345,666Liabilities 2024: $276,906Net Assets 2024: $2,068,7602024

Highlighted filing

2015

Assets$525,283
Liabilities$41,578
Net Assets$483,705
Open 2015 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $249,900Expenses 2011: $194,328Net Income 2011: $55,5722011Revenue 2012: $245,765Expenses 2012: $248,846Net Income 2012: -$3,0812012Revenue 2013: $112,179Expenses 2013: $111,146Net Income 2013: $1,0332013Revenue 2014: $340,593Expenses 2014: $201,870Net Income 2014: $138,7232014Revenue 2015: $476,904Expenses 2015: $582,463Net Income 2015: -$105,5592015Revenue 2016: $428,063Expenses 2016: $520,965Net Income 2016: -$92,9022016Revenue 2017: $198,421Expenses 2017: $66,100Net Income 2017: $132,3212017Revenue 2018: $244,158Expenses 2018: $79,516Net Income 2018: $164,6422018Revenue 2019: $45,254Expenses 2019: $56,801Net Income 2019: -$11,5472019Revenue 2020: $75,689Expenses 2020: $26,947Net Income 2020: $48,7422020Revenue 2021: $173,623Expenses 2021: $43,567Net Income 2021: $130,0562021Revenue 2022: $174,610Expenses 2022: $91,000Net Income 2022: $83,6102022Revenue 2023: $212,536Expenses 2023: $130,442Net Income 2023: $82,0942023Revenue 2024: $486,302Expenses 2024: $84,622Net Income 2024: $401,6802024

Highlighted filing

2015

Revenue$476,904
Expenses$582,463
Net Income-$105,559
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Aug 11, 2016
Return Version
2014v6.0
Gross Receipts
$476,904
Mission and Program Overview

Mission

The grant of scholarships to medical students, the organization of seminars and conferences on topics of interest to its members, and the enhancement of friendship and communication among its members.

The grant of scholarships to medical students, the organization of seminars and conferences on topics of interest to its members, and the enhancement of friendship and communication amount its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$357,293$292,347▼ $64,946
Savings and Temporary Cash Investments$231,376$230,808▼ $568
Other Notes and Loans Receivable, Net$1,500--
Land, Buildings, and Equipment, Net$274$128▼ $146
Total Assets$590,443$525,283▼ $65,160
Other Assets Total-$2,000-
Liabilities
Other Liabilities-$41,246-
Accounts Payable and Accrued Expenses$1,179$332▼ $847
Total Liabilities$1,179$41,578▲ $40,399
Net Assets / Fund Balance
Unrestricted Net Assets$469,264$363,705▼ $105,559
Temporarily Rstr Net Assets$120,000$120,000→ $0
Total Net Assets Fund Balance$589,264$483,705▼ $105,559
Total Liabilities and Net Assets / Fund Balance$590,443$525,283▼ $65,160

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$128$5,941$6,069
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Sang Joon LeeChairman
Ben Ill-moo HurFormer Chair
Myong Jae RoeFormer Chair
Chang Jo ParkExecutive VP
Myung Ho KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$471,511
Program Service Revenue
$0
Investment Income
$5,393
Other Revenue
$0
All Other Contributions
$445,331
Change in Net Assets
$-105,559

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded4$215,449
Total Noncash Contributions4$215,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$533,034
Salaries, Compensation, and Employee Benefits$25,028
Other Expenses$24,401
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$513,034--$513,034
Other Salaries and Wages$3,833$19,167-$23,000
Grants to Domestic Individuals$20,000--$20,000
Office Expenses$1,100$16,043-$17,143
Fees for Services Accounting-$5,300-$5,300
Payroll Taxes$339$1,689-$2,028
Insurance-$945-$945
Conferences and Meetings-$610-$610
Depreciation Depletion-$146-$146
Other Expenses-$125-$125
Total Functional Expenses$538,306$44,157$0$582,463
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payable$40,078
Credit Card Payable$1,168
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Each board member provides review and comments on a draft of form 990 transmitted by email.”

Form 990, Page 6, Part VI, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Severance Alumni Association Inc
EIN
11-2387947
Address
26 WIMBLEDON DR, ROSLYN, NY 11576

Signing Officer

Name
Chang Jo Park
Title
Executive VP
Signed
2016-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chang Jo Park
Formed
1977
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
30
Employees
1

Preparer

Firm
Kim Lee Cpas Llp
Address
1646 CENTER AVE, FORT LEE, NJ 07024
Preparer
Clinton S Lee
Phone
2014612727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The grant of scholarships to medical students, the organization of seminars and conferences on topics of interest to its members, and the enhancement of friendship and communication amount its members.”

Raw XML Appendix354 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt04
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0215449
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GRANT OF SCHOLARSHIPS TO MEDICAL STUDENTS, THE ORGANIZATION OF SEMINARS AND CONFERENCES ON TOPICS OF INTEREST TO ITS MEMBERS, AND THE ENHANCEMENT OF FRIENDSHIP AND COMMUNICATION AMOUNT ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER PROVIDES REVIEW AND COMMENTS ON A DRAFT OF FORM 990 TRANSMITTED BY EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0538306
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHANG JO PARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VP
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-11
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PhoneNum02014612727
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON S LEE
ReturnHeader/ReturnTs02016-08-11T14:30:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-11-01
ReturnHeader/TaxPeriodEndDt02015-10-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$525,283
Liabilities
$41,578
Net assets
$483,705
Revenue
$476,904
Expenses
$582,463
Net income
-$105,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.28$2.07$0.49$0.08$0.40
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.38$1.02$0.21$0.13$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.42$0.94$0.17$0.09$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.45$0.86$0.17$0.04$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.43$0.72$0.08$0.03$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.51$0.68$0.05$0.06$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.52$0.69$0.24$0.08$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.18$0.52$0.20$0.07$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.13$0.39$0.43$0.52$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.04$0.48$0.48$0.58$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.34$0.20$0.14
2013Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.11$0.11$0.00
2012Summary only. Only limited summary data is available for this year.$0.47$0.02$0.45$0.25$0.25$0.00
2011Summary only. Only limited summary data is available for this year.$0.47$0.01$0.45$0.25$0.19$0.06