Civic Intelligence

Severance Alumni Association Inc.

990 • Fiscal year 2017 • EIN 11-2387947

Nov 01, 2016 to Oct 31, 2017 • Filed on Sep 12, 2018

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

79th percentile

0.26x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.93x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Asset Growth

82nd percentile

35%

Faster asset growth than 82% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-54%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$706,872

Up $184,366 (+35%) from 2016

Net Assets

Up

$523,124

Up $132,321 (+34%) from 2016

Liabilities

Up

$183,748

Up $52,045 (+40%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin95th percentile

Revenue

Down

$198,421

Down $229,642 (-54%) from 2016

Expenses

Down

$66,100

Down $454,865 (-87%) from 2016

Net Income

Up

$132,321

Up $225,223 (+242%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2017

Assets$706,872
Liabilities$183,748
Net Assets$523,124
Open 2017 Filing

Operations Trend

Revenue Growth5th 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

2017

Revenue$198,421
Expenses$66,100
Net Income$132,321
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Sep 12, 2018
Return Version
2016v3.1
Gross Receipts
$198,421
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$287,280$382,158▲ $94,878
Savings and Temporary Cash Investments$233,226$324,714▲ $91,488
Total Assets$522,506$706,872▲ $184,366
Other Assets Total$2,000--
Liabilities
Other Liabilities$131,371$177,616▲ $46,245
Accounts Payable and Accrued Expenses$332$6,132▲ $5,800
Total Liabilities$131,703$183,748▲ $52,045
Net Assets / Fund Balance
Unrestricted Net Assets$260,803$393,124▲ $132,321
Temporarily Rstr Net Assets$130,000$130,000→ $0
Total Net Assets Fund Balance$390,803$523,124▲ $132,321
Total Liabilities and Net Assets / Fund Balance$522,506$706,872▲ $184,366

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,069$6,069
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
In Young SohChairman
Joon Sik HongAdvisor
Young Chai KauhAdvisor
Chang Jo ParkExecutive VP
Junho LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$195,405
Program Service Revenue
$0
Investment Income
$3,016
Other Revenue
$0
All Other Contributions
$145,527
Change in Net Assets
$132,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,699
Salaries, Compensation, and Employee Benefits$24,901
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$1,678$24,322-$26,000
Other Salaries and Wages$3,833$19,167-$23,000
Fees for Services Accounting-$5,800-$5,800
Conferences and Meetings-$3,989-$3,989
Foreign Grants$2,500--$2,500
Payroll Taxes$317$1,584-$1,901
Insurance-$588-$588
Other Expenses-$72-$72
Total Functional Expenses$8,328$57,772$0$66,100
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$177,616
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
In Young Soh
Title
Chairman
Signed
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
In Young Soh
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 among its members.”

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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 AMONG 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/TotalLiabilitiesGrp/EOYAmt0183748
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0523124
IRS990/TotalProgramServiceExpensesAmt08328
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03016
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0198421
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0706872
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0260803
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0393124
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0DOTHAN
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036305
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0IN YOUNG SOH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-12
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PhoneNum02014612727
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON S LEE
ReturnHeader/ReturnTs02018-09-14T11:58:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$706,872
Liabilities
$183,748
Net assets
$523,124
Revenue
$198,421
Expenses
$66,100
Net income
$132,321
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