Civic Intelligence

Baek Ak Alumni Association Inc

EIN 82-3249610 • 501(c)3 • Los Angeles, CA

Profile

The mission of Baek Ak Alumni Association, Inc. is founded to maintain a lasting relationship between the graduated and the school by fostering the on-going mission of the school

3200 Wilshire Blvd Ste 1102Los Angeles, CA 90010

www.ggcus.com

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

21st percentile

-24%

Higher net margin than 21% of similar nonprofits.

501(c)3 • <$500k 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

27th percentile

-25%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-58%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$8,135

Down $2,747 (-25%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$8,135

Down $2,747 (-25%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin21st percentile

Revenue

Down

$11,600

Down $16,350 (-58%) from 2023

Expenses

Down

$14,347

Down $11,087 (-44%) from 2023

Net Income

Down

-$2,747

Down $5,263 (-209%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

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

$15K$10K$5.0K$0Assets 2017: $2,656Liabilities 2017: $0Net Assets 2017: $2,6562017Assets 2018: $5,867Liabilities 2018: $0Net Assets 2018: $5,8672018Assets 2019: $1,659Liabilities 2019: $0Net Assets 2019: $1,6592019Assets 2020: $3,313Liabilities 2020: $0Net Assets 2020: $3,3132020Assets 2021: $10,763Liabilities 2021: $0Net Assets 2021: $10,7632021Assets 2022: $8,366Liabilities 2022: $0Net Assets 2022: $8,3662022Assets 2023: $10,882Liabilities 2023: $0Net Assets 2023: $10,8822023Assets 2024: $8,135Liabilities 2024: $0Net Assets 2024: $8,1352024

Highlighted filing

2024

Assets$8,135
Liabilities$0
Net Assets$8,135
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$40K$30K$20K$10K$0-$10KRevenue 2017: $6,675Expenses 2017: $4,019Net Income 2017: $2,6562017Revenue 2018: $31,170Expenses 2018: $27,959Net Income 2018: $3,2112018Revenue 2019: $7,923Expenses 2019: $12,131Net Income 2019: -$4,2082019Revenue 2020: $11,200Expenses 2020: $9,546Net Income 2020: $1,6542020Revenue 2021: $20,250Expenses 2021: $12,800Net Income 2021: $7,4502021Revenue 2022: $13,700Expenses 2022: $16,097Net Income 2022: -$2,3972022Revenue 2023: $27,950Expenses 2023: $25,434Net Income 2023: $2,5162023Revenue 2024: $11,600Expenses 2024: $14,347Net Income 2024: -$2,7472024

Highlighted filing

2024

Revenue$11,600
Expenses$14,347
Net Income-$2,747
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,135
Liabilities
$0
Net assets
$8,135
Revenue
$11,600
Expenses
$14,347
Net income
-$2,747
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.14$0.00$8.14$11.6$14.3$2.75
2023Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$28.0$25.4$2.52
2022Detailed filing. Detailed filing data is available for this year.$8.37$0.00$8.37$13.7$16.1$2.40
2021Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$20.3$12.8$7.45
2020Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$11.2$9.55$1.65
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$7.92$12.1$4.21
2018Detailed filing. Detailed filing data is available for this year.$5.87$0.00$5.87$31.2$28.0$3.21
2017Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$6.68$4.02$2.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 18, 2025
Return Version
2024v5.2
Gross Receipts
$11,600
Mission and Program Overview

Mission

The mission of Baek Ak Alumni Association, Inc. is founded to maintain a lasting relationship between the graduated and the school by fostering the on-going mission of the school

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,882$8,135▼ $2,747
Rtn Earn Endowment Incm Other Fnds$10,882$8,135▼ $2,747
Total Assets$10,882$8,135▼ $2,747
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,882$8,135▼ $2,747
Total Liabilities and Net Assets / Fund Balance$10,882$8,135▼ $2,747
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Nathan KwakPresident
Allen HongSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$11,600
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,347
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$10,699--$10,699
Foreign Grants$2,000--$2,000
Other Expenses$1,000--$1,000
Office Expenses-$648-$648
Total Functional Expenses$13,699$648$0$14,347
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Baek Ak Alumni Association Inc
EIN
82-3249610
Phone
2133842211
Address
3200 WILSHIRE BLVD STE 1102, LOS ANGELES, CA 90010

Signing Officer

Name
Allen Hong
Title
CFO
Phone
2133842211
Signed
2025-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allen Hong
Formed
2017
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Allen K Hong CPA
Address
3200 WILSHIRE BLVD STE 1102, LOS ANGELES, CA 90010
Preparer
Allen K Hong
Phone
2133842211
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“The mission of Baek Ak Alumni Association, Inc. is founded to maintain a lasting relationship between the graduated and the school by fostering the on-going mission of the school.”

Raw XML Appendix273 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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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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