Civic Intelligence

Baek Ak Alumni Association Inc.

990 • Fiscal year 2017 • EIN 82-3249610

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

3440 Wilshire Blvd Ste 915Los Angeles, CA 90010

(213) 344-8699

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

88th percentile

40%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Assets

$2,656

No earlier filing loaded for comparison.

Net Assets

$2,656

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$6,675

No earlier filing loaded for comparison.

Expenses

$4,019

No earlier filing loaded for comparison.

Net Income

$2,656

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$2,656
Liabilities$0
Net Assets$2,656

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$6,675
Expenses$4,019
Net Income$2,656
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$6,675
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-$2,656-
Rtn Earn Endowment Incm Other Fnds-$2,656-
Total Assets$0$2,656▲ $2,656
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$2,656▲ $2,656
Total Liabilities and Net Assets / Fund Balance$0$2,656▲ $2,656
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew LeePresident
Sung Joon KwakManager
Young Joo ParkSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,675
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,019
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$2,985--$2,985
Advertising$1,000--$1,000
Office Expenses-$34-$34
Total Functional Expenses$3,985$34$0$4,019
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 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 Assocation Inc
EIN
82-3249610
Phone
2133448699
Address
3440 WILSHIRE BLVD STE 915, LOS ANGELES, CA 90010

Signing Officer

Name
Young Joo Park
Title
Secretary
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Young Joo Park
Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

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

Additional Explanations

Form 990, Part III, Line 4A

The association holds the annual conforence to grow relationship among member.

Raw XML Appendix263 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/TaxPeriodEndDt02017-12-31
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings