Civic Intelligence

Albany Sarang Fellowship Korean

EIN 27-0604174 • 501(c)3 • Watervliet, NY

Profile

Worshiping the god, preaching & teaching the bible and promoting christian fellowship.

410 23rd StWatervliet, NY 12189
Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE X20 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE X20 • $500k-$1M nonprofits • Source year 2016

Net Margin

20th percentile

-8.9%

Higher net margin than 20% of similar nonprofits.

NTEE X20 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$48,600

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

NTEE X20 • $500k-$1M nonprofits • Source year 2016

Asset Growth

27th percentile

-4.9%

Faster asset growth than 27% of similar nonprofits.

NTEE X20 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

4.6%

Faster revenue growth than 43% of similar nonprofits.

NTEE X20 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$537,136

Down $27,634 (-4.9%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

Down

$537,136

Down $27,634 (-4.9%) from 2015

Revenue

Up

$309,077

Up $13,600 (+4.6%) from 2015

Expenses

Up

$336,711

Up $22,069 (+7.0%) from 2015

Net Income

Down

-$27,634

Down $8,469 (-44%) from 2015

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $564,770Liabilities 2015: $0Net Assets 2015: $564,7702015Assets 2016: $537,136Liabilities 2016: $0Net Assets 2016: $537,1362016

Highlighted filing

2016

Assets$537,136
Liabilities$0
Net Assets$537,136

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $295,477Expenses 2015: $314,642Net Income 2015: -$19,1652015Revenue 2016: $309,077Expenses 2016: $336,711Net Income 2016: -$27,6342016

Highlighted filing

2016

Revenue$309,077
Expenses$336,711
Net Income-$27,634

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$309,077
Mission and Program Overview

Mission

Worshiping the god, preaching & teaching the bible and promoting christian fellowship.

Reformed christian church

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$531,786$513,247▼ $18,539
Cash and Non-Interest-Bearing Accounts$32,984$23,889▼ $9,095
Total Assets$564,770$537,136▼ $27,634
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$564,770$537,136▼ $27,634
Total Net Assets Fund Balance$564,770$537,136▼ $27,634
Total Liabilities and Net Assets / Fund Balance$564,770$537,136▼ $27,634

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$403,847$46,153$450,000
Land$100,000-$100,000
Equipment$9,400$31,600$41,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sung Il ParkSenior PastoFT$48,600$48,600
Revenue and Support

Revenue Composition

Contributions and Grants
$309,077
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$309,077
Change in Net Assets
$-27,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,711
Salaries, Compensation, and Employee Benefits$81,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$48,600--$48,600
All Other Expenses$45,259$264-$45,523
Other Salaries and Wages$32,400--$32,400
Other Expenses$20,246$52,922-$20,246
Depreciation Depletion$18,539--$18,539
Insurance$3,894--$3,894
Office Expenses$3,131--$3,131
Conferences and Meetings$2,298--$2,298
Information Technology$2,280--$2,280
Total Functional Expenses$283,525$53,186$0$336,711
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
No
Backup withholding compliance
Yes
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

Reviews were conducted by the senior pastor and the church governing meeting before filing the form 990.

Form 990, Page 6, Part VI, Line 19

Documents are available to the church members and the general public upon request.

Filing and Contact Details

Filer

Filer Name
Albany Sarang Fellowship Korean
EIN
27-0604174
Phone
5182711492
Address
410 23RD ST, WATERVLIET, NY 12189

Signing Officer

Name
Sung Il Park
Title
Senior Pastor
Phone
5182711492
Signed
2017-05-12

Organization Details

Principal Officer
Sung Il Park
Formed
2009
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Eul S Yoo CPA Pc
Address
545 NAUGATUCK AVE, MILFORD, CT 06460-5050
Preparer
Eul Seob Yoo
Phone
2033010005
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Worship service 12,843 0 0 auto expenses 10,338 0 0 sunday school 9,134 0 0 utilities 8,944 0 0 dues 4,000 0 0 miscellaneous 0 264 0 total 45,259 264 0

Raw XML Appendix249 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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IRS990/ExpenseAmt089217
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IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0309077
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt02280
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IRS990/InsuranceGrp/ProgramServicesAmt03894
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt077753
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0531786
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IRS990/LandBldgEquipCostOrOtherBssAmt0591000
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WORSHIP SERVICE 12,843 0 0 AUTO EXPENSES 10,338 0 0 SUNDAY SCHOOL 9,134 0 0 UTILITIES 8,944 0 0 DUES 4,000 0 0 MISCELLANEOUS 0 264 0 TOTAL 45,259 264 0
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/ReturnTs02017-05-15T14:43:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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