Civic Intelligence

Hemato Institute Inc

EIN 27-2456214 • 501(c)3 • Katonah, NY

Profile

To promote, foster and support research and educational activities focused on the importance of blood and its relationship to our health.

50 Orchard Hill RoadKatonah, NY 10536

n/A

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

NTEE E • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

NTEE E • $1M-$5M nonprofits • Source year 2023

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

NTEE E • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$106,136

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

NTEE E • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

Down

$2,616,721

Down $744,886 (-22%) from 2017

Liabilities

Down

$0

Down $113,371 (-100%) from 2017

Net Assets

Down

$2,616,721

Down $631,515 (-19%) from 2017

Revenue

Down

$537,151

Down $605,378 (-53%) from 2017

Expenses

Down

$603,896

Down $529,971 (-47%) from 2017

Net Income

Down

-$66,745

Down $75,407 (-871%) from 2017

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $3,430,126Liabilities 2012: $2,010,000Net Assets 2012: $1,420,1262012Assets 2013: $3,323,330Liabilities 2013: $9,500Net Assets 2013: $3,313,8302013Assets 2014: $3,249,552Liabilities 2014: $9,940Net Assets 2014: $3,239,6122014Assets 2015: $3,187,254Liabilities 2015: $0Net Assets 2015: $3,187,2542015Assets 2017: $3,361,607Liabilities 2017: $113,371Net Assets 2017: $3,248,2362017Assets 2023: $2,616,721Liabilities 2023: $0Net Assets 2023: $2,616,7212023

Highlighted filing

2023

Assets$2,616,721
Liabilities$0
Net Assets$2,616,721

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $454,2102012Revenue 2013: $2,499,922Expenses 2013: $585,463Net Income 2013: $1,914,4592013Revenue 2014: $541,095Expenses 2014: $615,313Net Income 2014: -$74,2182014Revenue 2015: $922,005Expenses 2015: $974,363Net Income 2015: -$52,3582015Revenue 2017: $1,142,529Expenses 2017: $1,133,867Net Income 2017: $8,6622017Revenue 2023: $537,151Expenses 2023: $603,896Net Income 2023: -$66,7452023

Highlighted filing

2023

Revenue$537,151
Expenses$603,896
Net Income-$66,745

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 24, 2024
Return Version
2023v5.1
Gross Receipts
$537,151
Mission and Program Overview

Mission

The Hemato institute concept is a revolutionary and simple way to measure the impact of everyday living on our health and life, through the focus of blood. It is a lifestyle. It is life.

To promote, foster and support research and educational activities focused on the importance of blood and its relationship to our health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,377,641$2,377,641→ $0
Cash and Non-Interest-Bearing Accounts$234,184$103,507▼ $130,677
Investments Other Securities-$55,000-
Accounts Receivable$7,093$7,093→ $0
Prepaid Expenses and Deferred Charges-$242-
Total Assets$2,649,876$2,616,721▼ $33,155
Other Assets Total$30,958$73,238▲ $42,280
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,649,876$2,616,721▼ $33,155
Total Net Assets Fund Balance$2,649,876$2,616,721▼ $33,155
Total Liabilities and Net Assets / Fund Balance$2,649,876$2,616,721▼ $33,155

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,366,042$935,412$3,301,454
Equipment$11,599-$11,599
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Hyunsik JeonPresidentFT$82,500$23,636$106,136
David KimTreasurerFT$60,500-$60,500

Board Members and Trustees

NameTitle
Alex ParkDirector
Dr Yong KimDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$474,331
Program Service Revenue
$0
Investment Income
$55,000
Other Revenue
$7,820
All Other Contributions
$474,331
Change in Net Assets
$-66,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$361,650
Other Expenses$242,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$163,906$24,922-$188,828
Current Officers, Directors, Trustees, and Key Employees$120,466$46,170-$166,636
Insurance$95,573--$95,573
Occupancy$33,670--$33,670
Office Expenses$21,162$5,291-$26,453
Fees for Services Accounting-$14,909-$14,909
Travel$12,694--$12,694
Fees for Services Other$9,249--$9,249
Payroll Taxes$3,485$871-$4,356
Other Employee Benefits$1,464$366-$1,830
Other Expenses$49,528$160-$160
Interest$10--$10
Total Functional Expenses$511,207$92,689$0$603,896
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
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with the authority to act on behalf of the governing body.

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

Hemato institute, inc. Has its form 990 prepared by an independent accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the form 990 is prepared, a copy is sent electronically to the board of directors and officers for review. Afterwards, the return is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12

The conflict of interest policy is applicable to any director, officer, or key employee who has a direct or indirect financial interest. In connection with any actual or potential conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the members of the board concerning the proposed transaction or arrangement. The members of the board shall decide if a conflict of interest exists. The minutes of the board shall contain documentation of the existence and resolution of any actual or possible conflicts, including in the minutes of any meeting at which the conflict was discussed or voted upon. Each director, officer, key employee, and member of a committee with governing board delegated powers shall annually sign a statement which affirms that such person: (a) has received a copy of the policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Hemato Institute Inc
EIN
27-2456214
Phone
9142418500
Address
50 ORCHARD HILL ROAD, KATONAH, NY 10536
Doing Business As
Excenter Learning

Signing Officer

Name
David Kim
Title
Treasurer
Phone
9142418500
Signed
2024-12-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kim
Formed
2010
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
2
Employees
6
Volunteers
150

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02366042
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0935412
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03301454
IRS990ScheduleD/EquipmentGrp/BookValueAmt011599
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011599
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02377641
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HEMATO INSTITUTE, INC. HAS ITS FORM 990 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 IS PREPARED, A COPY IS SENT ELECTRONICALLY TO THE BOARD OF DIRECTORS AND OFFICERS FOR REVIEW. AFTERWARDS, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. IN CONNECTION WITH ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE MEMBERS OF THE BOARD CONCERNING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE MEMBERS OF THE BOARD SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE MINUTES OF THE BOARD SHALL CONTAIN DOCUMENTATION OF THE EXISTENCE AND RESOLUTION OF ANY ACTUAL OR POSSIBLE CONFLICTS, INCLUDING IN THE MINUTES OF ANY MEETING AT WHICH THE CONFLICT WAS DISCUSSED OR VOTED UPON. EACH DIRECTOR, OFFICER, KEY EMPLOYEE, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0HEMATO INSTITUTE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1HEMATO INSTITUTE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2HEMATO INSTITUTE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0821376542
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1832738557
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0KAISERSWERTHER STR 257
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0DUSSELDORF
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0GM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0GM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct20.90000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TECH CONSULTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1WHOLESALE TRADE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2SPECIALTY FOOD STORE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BORODOWAY FWA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1WUSTENTAU GMBH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2HI FOOD LAB INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt055000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt12810241
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt277885
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0425312
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0118 N BEDFORD RD STE 100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt178 WESTCHESTER AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MOUNT KISCO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1POUND RIDGE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010549
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110576
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02649876
IRS990/TotalAssetsEOYAmt02616721
IRS990/TotalAssetsGrp/BOYAmt02649876
IRS990/TotalAssetsGrp/EOYAmt02616721
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0474331
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092689
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0511207
IRS990/TotalFunctionalExpensesGrp/TotalAmt0603896
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02649876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02616721
IRS990/TotalOtherCompensationAmt023636
IRS990/TotalProgramServiceExpensesAmt0511207
IRS990/TotalReportableCompFromOrgAmt0143000
IRS990/TotalRevenueGrp/ExclusionAmt055338
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07482
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0537151
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02649876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02616721
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TravelGrp/ProgramServicesAmt012694
IRS990/TravelGrp/TotalAmt012694
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 ORCHARD HILL ROAD
IRS990/USAddress/CityNm0KATONAH
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010536
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09142418500
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEMATO INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0HEMA
ReturnHeader/Filer/EIN0272456214

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