Civic Intelligence

Severance Alumni Association Inc.

990 • Fiscal year 2016 • EIN 11-2387947

Nov 01, 2015 to Oct 31, 2016 • Filed on Sep 12, 2017

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

77th percentile

0.25x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.31x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Net Margin

12th percentile

-22%

Higher net margin than 12% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Asset Growth

39th percentile

-0.5%

Faster asset growth than 39% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-10%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$522,506

Down $2,777 (-0.5%) from 2015

Net Assets

Down

$390,803

Down $92,902 (-19%) from 2015

Liabilities

Up

$131,703

Up $90,125 (+217%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin12th percentile

Revenue

Down

$428,063

Down $48,841 (-10%) from 2015

Expenses

Down

$520,965

Down $61,498 (-11%) from 2015

Net Income

Up

-$92,902

Up $12,657 (+12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2016

Assets$522,506
Liabilities$131,703
Net Assets$390,803
Open 2016 Filing

Operations Trend

Revenue Growth26th 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

2016

Revenue$428,063
Expenses$520,965
Net Income-$92,902
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Sep 12, 2017
Return Version
2015v3.0
Gross Receipts
$428,063
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$292,347$287,280▼ $5,067
Savings and Temporary Cash Investments$230,808$233,226▲ $2,418
Land, Buildings, and Equipment, Net$128--
Total Assets$525,283$522,506▼ $2,777
Other Assets Total$2,000$2,000→ $0
Liabilities
Other Liabilities$41,246$131,371▲ $90,125
Accounts Payable and Accrued Expenses$332$332→ $0
Total Liabilities$41,578$131,703▲ $90,125
Net Assets / Fund Balance
Unrestricted Net Assets$363,705$260,803▼ $102,902
Temporarily Rstr Net Assets$120,000$130,000▲ $10,000
Total Net Assets Fund Balance$483,705$390,803▼ $92,902
Total Liabilities and Net Assets / Fund Balance$525,283$522,506▼ $2,777

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,069$6,069
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Jae Y RoChairman
John HongAdvisor
Young J KauhAdvisor
Chang Jo ParkExecutive VP
Stanley KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$424,310
Program Service Revenue
$0
Investment Income
$3,753
Other Revenue
$0
All Other Contributions
$390,590
Change in Net Assets
$-92,902

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 Traded2$99,260
Total Noncash Contributions2$99,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$468,135
Other Expenses$27,884
Salaries, Compensation, and Employee Benefits$24,946
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$448,135--$448,135
Other Salaries and Wages$3,833$19,167-$23,000
Office Expenses$1,200$19,741-$20,941
Grants to Domestic Individuals$20,000--$20,000
Fees for Services Accounting-$5,400-$5,400
Payroll Taxes$324$1,622-$1,946
Insurance-$715-$715
Conferences and Meetings-$600-$600
Depreciation Depletion-$128-$128
Other Expenses-$100-$100
Total Functional Expenses$473,492$47,473$0$520,965
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$127,467
Credit Card Payable$3,904
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Jae Y Ro
Title
Chairman
Signed
2017-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jae Y Ro
Formed
1977
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
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 Appendix351 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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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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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEVERANCE ALUMNI ASSOCIATION INC
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON S LEE
ReturnHeader/ReturnTs02017-09-13T17:41:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-11-01
ReturnHeader/TaxPeriodEndDt02016-10-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$522,506
Liabilities
$131,703
Net assets
$390,803
Revenue
$428,063
Expenses
$520,965
Net income
-$92,902
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