Civic Intelligence

Aa Alumni Foundation Inc

EIN 23-7448539 • 501(c)3 • Bayville, NY

Profile

Provide low-cost student housing.

18 Tildean LaneBayville, NY 11709

n/A

Siviq Scores

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

Liabilities / Assets

90th percentile

0.79x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

5.30x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

1.1%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

50th percentile

6.9%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$1,593,067

Down $48,614 (-3.0%) from 2023

Liabilities

Down

$1,252,041

Down $58,304 (-4.4%) from 2023

Net Assets

Up

$341,026

Up $9,690 (+2.9%) from 2023

Revenue

Down

$236,219

Down $11,277 (-4.6%) from 2023

Expenses

Up

$235,963

Up $74,232 (+46%) from 2023

Net Income

Down

$256

Down $85,509 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $1,425,728Liabilities 2013: $1,188,046Net Assets 2013: $237,6822013Assets 2014: $1,410,226Liabilities 2014: $1,207,183Net Assets 2014: $203,0432014Assets 2018: $1,332,183Liabilities 2018: $1,051,987Net Assets 2018: $280,1962018Assets 2019: $1,272,699Liabilities 2019: $1,032,069Net Assets 2019: $240,6302019Assets 2020: $1,175,837Liabilities 2020: $1,006,055Net Assets 2020: $169,7822020Assets 2021: $1,541,135Liabilities 2021: $1,332,521Net Assets 2021: $208,6142021Assets 2022: $1,558,921Liabilities 2022: $1,313,350Net Assets 2022: $245,5712022Assets 2023: $1,641,681Liabilities 2023: $1,310,345Net Assets 2023: $331,3362023Assets 2024: $1,593,067Liabilities 2024: $1,252,041Net Assets 2024: $341,0262024

Highlighted filing

2024

Assets$1,593,067
Liabilities$1,252,041
Net Assets$341,026

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2013: $211,6772013Revenue 2014: $207,455Expenses 2014: $242,094Net Income 2014: -$34,6392014Revenue 2018: $175,186Expenses 2018: $179,849Net Income 2018: -$4,6632018Revenue 2019: $178,120Expenses 2019: $217,686Net Income 2019: -$39,5662019Revenue 2020: $156,953Expenses 2020: $227,801Net Income 2020: -$70,8482020Revenue 2021: $239,008Expenses 2021: $200,176Net Income 2021: $38,8322021Revenue 2022: $206,650Expenses 2022: $169,693Net Income 2022: $36,9572022Revenue 2023: $247,496Expenses 2023: $161,731Net Income 2023: $85,7652023Revenue 2024: $236,219Expenses 2024: $235,963Net Income 2024: $2562024

Highlighted filing

2024

Revenue$236,219
Expenses$235,963
Net Income$256

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 16, 2025
Return Version
2023v6.0
Gross Receipts
$236,219
Mission and Program Overview

Mission

Provide low-cost student housing.

Provide low-cost student housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$976,234$960,763▼ $15,471
Cash and Non-Interest-Bearing Accounts$7,484$390,288▲ $382,804
Savings and Temporary Cash Investments$530,190$106,990▼ $423,200
Accounts Receivable$75,304$95,612▲ $20,308
Intangible Assets$52,469$39,414▼ $13,055
Total Assets$1,641,681$1,593,067▼ $48,614
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,219,345$1,179,041▼ $40,304
Other Liabilities$63,500$70,500▲ $7,000
Unsecured Notes Loans Payable$27,500--
Accounts Payable and Accrued Expenses-$2,500-
Total Liabilities$1,310,345$1,252,041▼ $58,304
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$331,336$341,026▲ $9,690
Total Net Assets Fund Balance$331,336$341,026▲ $9,690
Total Liabilities and Net Assets / Fund Balance$1,641,681$1,593,067▼ $48,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$958,982$846,232$1,805,214
Other Land Buildings$1,781$1,927$3,708
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$54,322
Program Service Revenue
$180,850
Investment Income
$1,047
Other Revenue
$0
All Other Contributions
$54,322
Change in Net Assets
$256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,463
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$76,254--$76,254
All Other Expenses$54,775--$54,775
Depreciation Depletion$51,790--$51,790
Insurance$12,080--$12,080
Other Expenses$5,550--$5,550
Grants to Domestic Individuals$1,500--$1,500
Conferences and Meetings-$1,465-$1,465
Advertising$1,225--$1,225
Fees for Services Accounting-$850-$850
Total Functional Expenses$233,648$2,315$0$235,963
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
Federal income taxes$70,500
Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The foundations form 990 is submitted to the entire board of directors for review. The preparation is completed by an independent accountant and is then reviewed by president, treasurer and a special committee of the board which is composed of legal and financial professionals. If there are any questions or changes, they are addressed before the return is filed.

Form 990, Part VI, Section B, Line 12C

The board has adopted a resolution that makes the officers of the foundation responsible for monitoring compliance with the conflict of interest policy. The officers are responsible for periodic review of the policy to determine its effectiveness and the implementation of contractual provisions and internal controls to ensure that contractors have disincentives to cause violations of the policy.

Form 990, Part VI, Section C, Line 19

The foundations governing documents and key policies have been posted on googledocs and made available to all officers and directors. Officers and directors have been instructed to make copies available to the general public upon request. In addittion, the foundations certificate of incorporation is on file with the new york secretary of state.

Filing and Contact Details

Filer

Filer Name
Aa Alumni Foundation Inc
EIN
23-7448539
In Care Of
% MATTHEW DEFILIPPIS
Phone
9176475956
Address
18 TILDEAN LANE, BAYVILLE, NY 11709

Signing Officer

Name
Matthew Defilipps
Title
President
Phone
9176475956
Signed
2025-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Defilipps
Formed
1973
Legal Domicile
Ny
Voting Board Members
776
Independent Board Members
776
Employees
0
Volunteers
25

Preparer

Firm
Stuto & Urban LLC
Address
666 FRANKLIN AVE, NUTLEY, NJ 07110
Preparer
Charles J Stuto
Phone
9737770188
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Fire safety 7,970, real estate taxes 45,063, miscellenaneous property expenses 660, payment processing fees 1,082

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