Civic Intelligence

Severance Alumni Association Inc.

990 • Fiscal year 2021 • EIN 11-2387947

Nov 01, 2020 to Oct 31, 2021 • Filed on Dec 20, 2021

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

72nd percentile

0.34x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

2.57x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

94th percentile

75%

Higher net margin than 94% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

49th percentile

12%

Faster asset growth than 49% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

129%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$1,301,457

Up $144,107 (+12%) from 2020

Net Assets

Up

$855,017

Up $130,056 (+18%) from 2020

Liabilities

Up

$446,440

Up $14,051 (+3.2%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin94th percentile

Revenue

Up

$173,623

Up $97,934 (+129%) from 2020

Expenses

Up

$43,567

Up $16,620 (+62%) from 2020

Net Income

Up

$130,056

Up $81,314 (+167%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2021

Assets$1,301,457
Liabilities$446,440
Net Assets$855,017
Open 2021 Filing

Operations Trend

Revenue Growth89th 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

2021

Revenue$173,623
Expenses$43,567
Net Income$130,056
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Dec 20, 2021
Return Version
2020v4.0
Gross Receipts
$173,623
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
Savings and Temporary Cash Investments$999,954$1,119,576▲ $119,622
Cash and Non-Interest-Bearing Accounts$157,396$181,881▲ $24,485
Total Assets$1,157,350$1,301,457▲ $144,107
Liabilities
Other Liabilities$432,191$445,932▲ $13,741
Accounts Payable and Accrued Expenses$198$508▲ $310
Total Liabilities$432,389$446,440▲ $14,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$594,961$725,017▲ $130,056
Net Assets With Donor Restrictions$130,000$130,000→ $0
Total Net Assets Fund Balance$724,961$855,017▲ $130,056
Total Liabilities and Net Assets / Fund Balance$1,157,350$1,301,457▲ $144,107

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,069$6,069
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Yong H LeeChairman
Yang Ok HuhPresident
Hoon Jae ParkExecutive VP
Junho LeeImmediate Pa
Chang Jo ParkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$163,462
Program Service Revenue
$0
Investment Income
$10,161
Other Revenue
$0
All Other Contributions
$113,830
Change in Net Assets
$130,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,759
Other Expenses$12,808
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,928$19,737-$23,665
Office Expenses$423$6,510-$6,933
Pension Plan Contributions$834$4,191-$5,025
Fees for Services Accounting-$4,500-$4,500
Payroll Taxes$343$1,726-$2,069
Insurance-$779-$779
Other Expenses-$125-$125
Total Functional Expenses$5,528$38,039$0$43,567
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 Liability$445,932
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yang Ok Huh
Title
President
Signed
2021-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yang Ok Huh
Formed
1977
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Kim Lee Cpas Llp
Address
663 GRAND AVE STE 3, RIDGEFIELD, NJ 07657-1521
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/TotalFunctionalExpensesGrp/ProgramServicesAmt05528
IRS990/TotalFunctionalExpensesGrp/TotalAmt043567
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0432389
IRS990/TotalLiabilitiesEOYAmt0446440
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0855017
IRS990/TotalProgramServiceExpensesAmt05528
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010161
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0173623
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01157350
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01301457
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077024
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IRS990/VotingMembersIndependentCnt05
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PhoneNum02014612727
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON S LEE
ReturnHeader/ReturnTs02022-09-07T10:01:42-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YANG OK
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ReturnHeader/TaxPeriodBeginDt02020-11-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,301,457
Liabilities
$446,440
Net assets
$855,017
Revenue
$173,623
Expenses
$43,567
Net income
$130,056
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