Penn State Alumni Association of New York City
Nonprofit profile at a glance
- EIN
- 134116367
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2014, Form 990-EZ 2024, Form 990-N 2016
- Location
- New York, NY, USA
- Phone
- 9149800487
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $56,526
- Expenses
- $20,341
- Assets
- $68,489
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- WILLIAM SULLIVAN (PRESIDENT)
- MIKE MCHUGH (VICE PRESIDENT)
- KEVIN CEI (IMMEDIATE PAST PRESIDENT)
People named in this filing
- WILLIAM SULLIVAN (PRESIDENT)
- MIKE MCHUGH (VICE PRESIDENT)
- MARISA SIMMONE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The New York city chapter of the penn state alumni association serves alumni from the nyc metro area who want to network with other penn staters, raise money for the michael d ferugio scholarship fund, volunteer for community service events, and maintain a connection to penn state.
What it reported doing in 2024
The organization holds an annual meeting for alumni to participate in and hear about the chapters annual events.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 22
- Transparency & Controls: 82
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.4%; rating input score 13
- Program expense ratio: 37.1%; rating input score 37
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 64%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 3.37; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: -1.7% per year; rating input score 0; 45th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 13.4% of revenue deployed · 37.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $8K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- Moderate — Financial Efficiency: Program expense ratio scored 37/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.