Civic Intelligence

Baek Ak Alumni Association Inc.

990 • Fiscal year 2023 • EIN 82-3249610

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 08, 2024

Organization ProfileWWW.GGCUS.COM
3200 Wilshire Blvd Ste 1102Los Angeles, CA 90010

(213) 384-2211

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

60th percentile

9.0%

Higher net margin than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

79th percentile

30%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

104%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$10,882

Up $2,516 (+30%) from 2022

Net Assets

Up

$10,882

Up $2,516 (+30%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin60th percentile

Revenue

Up

$27,950

Up $14,250 (+104%) from 2022

Expenses

Up

$25,434

Up $9,337 (+58%) from 2022

Net Income

Up

$2,516

Up $4,913 (+205%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

2023

Assets$10,882
Liabilities$0
Net Assets$10,882
Open 2023 Filing

Operations Trend

Revenue Growth90th percentile

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

2023

Revenue$27,950
Expenses$25,434
Net Income$2,516
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 8, 2024
Return Version
2023v5.1
Gross Receipts
$27,950
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$8,366$10,882▲ $2,516
Rtn Earn Endowment Incm Other Fnds$8,366$10,882▲ $2,516
Total Assets$8,366$10,882▲ $2,516
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,366$10,882▲ $2,516
Total Liabilities and Net Assets / Fund Balance$8,366$10,882▲ $2,516
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Nathan KwakPresident
Allen HongSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$27,950
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,434
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$16,136--$16,136
Office Expenses-$4,928-$4,928
Foreign Grants$3,000--$3,000
Advertising$900--$900
Other Expenses$400$70-$70
Total Functional Expenses$20,436$4,998$0$25,434
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
2024-07-08
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 Beak 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 Appendix280 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/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
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IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/MembershipDuesAmt027950
IRS990/MembersOrStockholdersInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt010882
IRS990/NoListedPersonsCompensatedInd0X
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ReturnHeader/Filer/EIN0823249610
ReturnHeader/Filer/PhoneNum02133842211
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090010
ReturnHeader/PreparerPersonGrp/PhoneNum02133842211
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-08
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ReturnHeader/ReturnTs02024-07-09T11:33:13-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALLEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HONG
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,882
Liabilities
$0
Net assets
$10,882
Revenue
$27,950
Expenses
$25,434
Net income
$2,516
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