Civic Intelligence

Ff Fraternity Inc

990EZ • Fiscal year 2023 • EIN 47-4620441

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 25, 2024

1433 Cortez CourtWalnut Creek, CA 94598

(925) 930-7284

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

64th percentile

8.2%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

21st percentile

-14%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-57%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$202,917

Down $32,436 (-14%) from 2022

Net Assets

Up

$202,051

Up $5,470 (+2.8%) from 2022

Liabilities

Down

$866

Down $37,906 (-98%) from 2022

Revenue

Down

$66,773

Down $88,432 (-57%) from 2022

Expenses

Down

$61,303

Down $115,627 (-65%) from 2022

Net Income

Up

$5,470

Up $27,195 (+125%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2015: $0Net Assets 2015: $02015Assets 2016: $102,618Liabilities 2016: $3,409Net Assets 2016: $99,2092016Assets 2017: $306,831Liabilities 2017: $9,227Net Assets 2017: $297,6042017Assets 2018: $188,719Liabilities 2018: $10,607Net Assets 2018: $178,1122018Assets 2019: $192,372Liabilities 2019: $10,974Net Assets 2019: $181,3982019Assets 2020: $211,890Liabilities 2020: $1,400Net Assets 2020: $210,4902020Assets 2021: $219,456Liabilities 2021: $1,150Net Assets 2021: $218,3062021Assets 2022: $235,353Liabilities 2022: $38,772Net Assets 2022: $196,5812022Assets 2023: $202,917Liabilities 2023: $866Net Assets 2023: $202,0512023Assets 2024: $248,505Liabilities 2024: $960Net Assets 2024: $247,5452024

Highlighted filing

2023

Assets$202,917
Liabilities$866
Net Assets$202,051

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $02015Revenue 2016: $161,464Expenses 2016: $62,255Net Income 2016: $99,2092016Revenue 2017: $237,492Expenses 2017: $39,097Net Income 2017: $198,3952017Revenue 2018: $321,551Expenses 2018: $442,043Net Income 2018: -$120,4922018Revenue 2019: $244,839Expenses 2019: $241,553Net Income 2019: $3,2862019Revenue 2020: $48,428Expenses 2020: $19,336Net Income 2020: $29,0922020Revenue 2021: $51,798Expenses 2021: $43,982Net Income 2021: $7,8162021Revenue 2022: $155,205Expenses 2022: $176,930Net Income 2022: -$21,7252022Revenue 2023: $66,773Expenses 2023: $61,303Net Income 2023: $5,4702023Revenue 2024: $323,542Expenses 2024: $278,048Net Income 2024: $45,4942024

Highlighted filing

2023

Revenue$66,773
Expenses$61,303
Net Income$5,470
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 25, 2024
Return Version
2023v5.0
Gross Receipts
$69,091
Mission and Program Overview

Mission

Founded in 1910, ff fraternity is a global brotherhood of academics, professionals and entrepreneurs, and has evolved into one of the most active and influential chinese fraternal organizations in the us. The strength of our non-profit and non-political organization comes from its highly qualified members and their determination to build on their mission of "fellowship and service." currently, there are active lodges in boston, hong kong, los angeles, montreal, new york, san francisco, shanghai, singapore, and washington d.c.

Founded in 1910, ff fraternity is a global brotherhood of academics, professionals and entrepreneurs, and has evolved into one of the most active and influential chinese fraternal organizations in the us. The strength of our non-profit organization comes from its highly qualified members and their determination to build on their mission of "fellowship and service." currently, there are active lodges in boston, hong kong, los angeles, montreal, new york, san francisco, shanghai, singapore, washington d.c., and taipei.

Program Services

DescriptionGrantsExpenses
THE OBJECTIVE AND PURPOSE OF THE FRATERNITY IS TO CULTIVATE FRATERNAL COMRADESHIP; TO UPHOLD A HIGH STANDARD OF CONDUCT IN PRIVATE AND PUBLIC LIFE; TO ENCOURAGE A HIGH STANDARD OF ACHIEVEMENT AND TO ASSIST, BY ALL HONORABLE MEANS, IN THE ADVANCEMENT OF THE FF BROTHERS IN THEIR WORKS.THE MOTTO OF THE FRATERNITY IS "FELLOWSHIP AND SERVICE," THAT IS, TO PROVIDE FELLOWSHIP AMONG FRATERNITY BROTHERS AND TO PROVIDE SERVICE TO THE FRATERNITY AND ITS BROTHERS.-$55,660
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PHILIP MOKPresident-$0--
MICHAEL KINGSecretary-$0--
VICTOR YOUNGTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Ff Fraternity Inc
EIN
47-4620441
Phone
9259307284
Address
1433 CORTEZ COURT, WALNUT CREEK, CA 94598

Signing Officer

Name
Michael King
Title
Secretary
Signed
2024-04-25
Discuss with paid preparer
Yes

Preparer

Firm
Fong Ko & Associates Llp
Address
1510 FASHION ISLAND BLVD STE 200, SAN MATEO, CA 94404
Preparer
Oliver Laiming Ko
Phone
6502869966
Supplemental Narrative

Additional Explanations

Other Expenses.1012

Insurance $2014

Other Expenses.1

SOCIAL EVENTS $21551

Other Expenses.2

Holiday party expense $13886

Other Expenses.3

CNY PARTY $8246

Other Expenses.4

RECRUITING EXPENSE $6754

Other Expenses.5

PICNIC EXPENSE $2265

Other Expenses.6

Website and app expense $1869

Other Expenses.7

GOLF EXPENSE $1531

Other Expenses.8

Dues & subscriptions - qb $915

Other Expenses.9

OTHER EVENT EXPENSE $750

Other Expenses.10

PROGRAM EXPENSE $677

Other Expenses.11

MISCELLANEOUS $96

Other Expenses.12

FILING FEE $50

Other Expenses.13

SUPPLIES & SOFTWARE $25

Other Assets.1005

Accounts Receivable - Beginning $9182 Accounts Receivable - Ending $639

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $6552

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $38772 Accounts Payable and Accrued Expenses - Ending $866

Raw XML Appendix148 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WALNUT CREEK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
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IRS990EZ/PrimaryExemptPurposeTxt0FOUNDED IN 1910, FF FRATERNITY IS A GLOBAL BROTHERHOOD OF ACADEMICS, PROFESSIONALS AND ENTREPRENEURS, AND HAS EVOLVED INTO ONE OF THE MOST ACTIVE AND INFLUENTIAL CHINESE FRATERNAL ORGANIZATIONS IN THE US. THE STRENGTH OF OUR NON-PROFIT ORGANIZATION COMES FROM ITS HIGHLY QUALIFIED MEMBERS AND THEIR DETERMINATION TO BUILD ON THEIR MISSION OF "FELLOWSHIP AND SERVICE." CURRENTLY, THERE ARE ACTIVE LODGES IN BOSTON, HONG KONG, LOS ANGELES, MONTREAL, NEW YORK, SAN FRANCISCO, SHANGHAI, SINGAPORE, WASHINGTON D.C., AND TAIPEI.
IRS990EZ/ProgramServiceRevenueAmt030880
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $2014
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SOCIAL EVENTS $21551
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOLIDAY PARTY EXPENSE $13886
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CNY PARTY $8246
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RECRUITING EXPENSE $6754
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PICNIC EXPENSE $2265
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEBSITE AND APP EXPENSE $1869
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOLF EXPENSE $1531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DUES & SUBSCRIPTIONS - QB $915
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER EVENT EXPENSE $750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PROGRAM EXPENSE $677
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MISCELLANEOUS $96
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12FILING FEE $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SUPPLIES & SOFTWARE $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Accounts Receivable - Beginning $9182 Accounts Receivable - Ending $639
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $6552
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Accounts Payable and Accrued Expenses - Beginning $38772 Accounts Payable and Accrued Expenses - Ending $866
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.13
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL KING
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-25
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ReturnHeader/Filer/EIN0474620441
ReturnHeader/Filer/PhoneNum09259307284
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094404
ReturnHeader/PreparerPersonGrp/PhoneNum06502869966
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Oliver Laiming Ko
ReturnHeader/ReturnTs02024-04-25T17:11:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KING
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings