Civic Intelligence

Hunter College High School Alumnae I Association Inc.

EIN 13-3953396 • 501(c)3 • New York, NY

Pub. 78 EligibleNTEE B84

Profile

The mission of the hchsaa is to sustain a social and professional network for alumnae/i and to provide support to the high school and its students.

Hunter Col- 695 Park Averoom 1313BNew York, NY 10065-5024

www.hchsaa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.07x

Higher debt load relative to assets than 49% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.21x

Higher debt load relative to revenue than 69% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-191%

Higher net margin than 1% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$64,404

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

6th percentile

-34%

Faster asset growth than 6% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,296,285

Down $671,111 (-34%) from 2023

Liabilities

Flat

$89,314

Flat from 2023

Net Assets

Down

$1,206,971

Down $671,111 (-36%) from 2023

Revenue

Down

$415,681

Down $786,952 (-65%) from 2023

Expenses

Up

$1,208,855

Up $211,082 (+21%) from 2023

Net Income

Down

-$793,174

Down $998,034 (-487%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $425,625Liabilities 2011: $5,669Net Assets 2011: $419,9562011Assets 2012: $393,790Liabilities 2012: $0Net Assets 2012: $393,7902012Assets 2013: $233,446Liabilities 2013: $377Net Assets 2013: $233,0692013Assets 2014: $227,057Liabilities 2014: $8,316Net Assets 2014: $218,7412014Assets 2015: $231,026Liabilities 2015: $6,175Net Assets 2015: $224,8512015Assets 2016: $349,351Liabilities 2016: $509Net Assets 2016: $348,8422016Assets 2017: $497,718Liabilities 2017: $284Net Assets 2017: $497,4342017Assets 2018: $1,231,493Liabilities 2018: $5,824Net Assets 2018: $1,225,6692018Assets 2019: $1,468,886Liabilities 2019: $7,304Net Assets 2019: $1,461,5822019Assets 2020: $1,876,881Liabilities 2020: $51,077Net Assets 2020: $1,825,8042020Assets 2021: $2,008,710Liabilities 2021: $212,899Net Assets 2021: $1,795,8112021Assets 2022: $1,701,390Liabilities 2022: $9,559Net Assets 2022: $1,691,8312022Assets 2023: $1,967,396Liabilities 2023: $89,314Net Assets 2023: $1,878,0822023Assets 2024: $1,296,285Liabilities 2024: $89,314Net Assets 2024: $1,206,9712024

Highlighted filing

2024

Assets$1,296,285
Liabilities$89,314
Net Assets$1,206,971

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $418,375Expenses 2011: $477,632Net Income 2011: -$59,2572011Revenue 2012: $472,051Expenses 2012: $477,831Net Income 2012: -$5,7802012Revenue 2013: $384,157Expenses 2013: $529,076Net Income 2013: -$144,9192013Revenue 2014: $447,169Expenses 2014: $449,481Net Income 2014: -$2,3122014Revenue 2015: $427,828Expenses 2015: $421,718Net Income 2015: $6,1102015Revenue 2016: $496,268Expenses 2016: $372,547Net Income 2016: $123,7212016Revenue 2017: $561,096Expenses 2017: $412,200Net Income 2017: $148,8962017Revenue 2018: $1,250,215Expenses 2018: $487,863Net Income 2018: $762,3522018Revenue 2019: $823,940Expenses 2019: $603,974Net Income 2019: $219,9662019Revenue 2020: $945,781Expenses 2020: $593,630Net Income 2020: $352,1512020Revenue 2021: $664,430Expenses 2021: $695,297Net Income 2021: -$30,8672021Revenue 2022: $360,728Expenses 2022: $309,144Net Income 2022: $51,5842022Revenue 2023: $1,202,633Expenses 2023: $997,773Net Income 2023: $204,8602023Revenue 2024: $415,681Expenses 2024: $1,208,855Net Income 2024: -$793,1742024

Highlighted filing

2024

Revenue$415,681
Expenses$1,208,855
Net Income-$793,174

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$0.09$1.21$0.42$1.21$0.79
2023Detailed filing. Detailed filing data is available for this year.$1.97$0.09$1.88$1.20$1.00$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$0.36$0.31$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.21$1.80$0.66$0.70$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.88$0.05$1.83$0.95$0.59$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.47$0.01$1.46$0.82$0.60$0.22
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.01$1.23$1.25$0.49$0.76
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.56$0.41$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.50$0.37$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.43$0.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.45$0.45$0.00
2013Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.38$0.53$0.14
2012Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$0.47$0.48$0.01
2011Summary only. Only limited summary data is available for this year.$0.43$0.01$0.42$0.42$0.48$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$415,681
Mission and Program Overview

Mission

The mission of the hchsaa is to sustain a social and professional network for alumnae/i and to provide support to the high school and its students.

The mission of hunter college high school alumnae/i association, inc. ("hchsaa") is to promote charitable, scientific, literary, and educational activities for hunter college high school (the "school") and its alumnae/i. It accomplishes this goal through the establishment of scholarships and fellowships, offering other student aid programs, and sponsoring various academic and cultural activities for the school and its alumnae/i. In addition, hchsaa serves as an advocate for the school and it creates and sustains a social and professional network for its alumnae/i.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,880,490$1,070,213▼ $810,277
Cash and Non-Interest-Bearing Accounts$47,240$205,128▲ $157,888
Prepaid Expenses and Deferred Charges$8,710$9,988▲ $1,278
Land, Buildings, and Equipment, Net$9,956$9,956→ $0
Pledges and Grants Receivable$21,000$1,000▼ $20,000
Total Assets$1,967,396$1,296,285▼ $671,111
Liabilities
Accounts Payable and Accrued Expenses$62,114$62,114→ $0
Grants Payable$27,200$27,200→ $0
Total Liabilities$89,314$89,314→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,041,306$1,082,220▲ $40,914
Net Assets Without Donor Restrictions$836,776$124,751▼ $712,025
Total Net Assets Fund Balance$1,878,082$1,206,971▼ $671,111
Total Liabilities and Net Assets / Fund Balance$1,967,396$1,296,285▼ $671,111

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,956$1,319$11,275
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lorna a MalcolmExecutive DiFT$64,404$64,404

Board Members and Trustees

NameTitle
David KerpenPresident (f
Adam StolzBoard Member
Andrew BellakBoard Member
Angela LiBoard Member
Diana MckeageBoard Member
Emma KerinsBoard Member
Jane Tillman IrvingBoard Member
Joyce Varughse RajuBoard Member
Judith Daniel GeorgeBoard Member
Luke SteinBoard Member
Mari Hoashi FranklinBoard Member
Nicole MorgensternBoard Member
Rebecca SalazarBoard Member
Sophia LiaoBoard Member
Vivian AltmanBoard Presid
Taneem KabirSecretary
Sherman ChanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$400,612
Program Service Revenue
$4,052
Investment Income
$10,070
Other Revenue
$947
All Other Contributions
$400,612
Change in Net Assets
$-793,174

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 AmountValuation Method
Other Non Cash Contri Table1$48,000Fair Market Value
Total Noncash Contributions1$48,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$415,681
Revenue Not Reported on Form 990
$122,063
Total Revenue per Audited Statements
$537,744
Total Revenue per Form 990
$415,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$648,639
Salaries, Compensation, and Employee Benefits$452,209
Total Fundraising Expense$131,007
Grants and Similar Amounts Paid$108,007
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$158,739$108,078$70,926$337,743
Fees for Services Legal-$154,391-$154,391
Office Expenses$71,646$18,134$13,946$103,726
Grants to Domestic Orgs$99,819--$99,819
Fees for Services Other$82,788--$82,788
Current Officers, Directors, Trustees, and Key Employees$30,270$20,609$13,525$64,404
Advertising-$50,909-$50,909
Payroll Taxes$13,615$9,270$6,083$28,968
Fees for Services Accounting-$28,677-$28,677
Travel$21,936--$21,936
Other Employee Benefits$9,914$6,750$4,430$21,094
Other Expenses$31,634$16,411$924$17,335
Grants to Domestic Individuals$8,188--$8,188
All Other Expenses$1,654$1,126$739$3,519
Insurance-$2,202-$2,202
Total Functional Expenses$630,496$447,352$131,007$1,208,855

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,208,855
Total Expenses per Audited Statements$1,208,855
Total Expenses per Form 990$1,208,855
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hunter College High SchoolNew York, NY-Student Activities$97,819
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 6

The alumnae/i association has approximately 445 members of record for the fy ending 2024. They have the right to elect the governing body at the annual meeting of members held each year in june but do not have rights to approve decisions of the governing body or receive a share of the organization's profits or net assets. Hchsaa also has approximately 3,500 alumnae/i in its email database.

Form 990, Page 6, Part VI, Line 7A

The organization's members have the right to elect the governing body at annual meeting of members held each year in june but do not have rights to approve decisions of the governing body or receive a share of the organization's profits or net assets.

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

A draft of the form 990 is submitted to the audit committee and the board for their review before it is filed.

Form 990, Page 6, Part VI, Line 12C

Each board member fills out a conflict of interest at the beginning of the fiscal year. The form is reviewed by the governance commitee and filed. The newly elected executive committee adopted a policy of conducting a conflicts check at the beginning of each board meeting and executive committee meeting.

Form 990, Page 6, Part VI, Line 15A

As part of the executive director hiring process the board created an ad hoc search committee composed of current board members, a former board member, and human resources and not-for-profit executives. That search committee developed and documented a list of comparable entities and researched their executive director and key employees' compensation data. The search committee reported its finding to the board, which reviewed the information and then decided the compensation for the executive director and key employees.

Form 990, Page 6, Part VI, Line 15B

See above, the documented policy for form 990, part vi, line 15a.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request. It also posts many of them on its website.

Filing and Contact Details

Filer

Filer Name
Hunter College High School
EIN
13-3953396
Phone
2127724079
Address
HUNTER COL- 695 PARK AVEROOM 1313B, NEW YORK, NY 10065-5024

Signing Officer

Name
David Kerpen
Title
President (fy 2025)
Phone
2127724079
Signed
2025-05-15

Organization Details

Principal Officer
David Kerpen
Formed
1997
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
5
Volunteers
22

Preparer

Firm
Gma & Associates LLC
Address
60 OLD NEW MILFORD ROAD SUITE 1F, BROOKFIELD, CT 06804
Preparer
Gamal Abdulrahman
Phone
2032403890
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Grants in fy24 the hchsaa utilized alumnae/i donations to support various programs, enhancing the educational journey and facilitating increased opportunities and accessibility at hunter college high school. This included grants to the school and awards to individual students. Events/programming in fy24 the hchsaa engaged the alumnae/i community through a variety of programs and events, guided by the association's four foundational pillars: connect, engage, educate, and serve. These programs, both in- person and virtual, were geared toward increasing member engagement across diverse geographies and eras. These events and programs were designed to reflect the hchsaa's dedication to fostering a strong and supportive alumnae/i community and to provide ongoing support for the high school's educational and extracurricular initiatives.

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