Seoul National University Alumni Assoc Greater Ny Chapter
Nonprofit profile at a glance
- EIN
- 912165165
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Palisades Park, NJ, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $76,584
- Expenses
- $61,861
- Assets
- $177,925
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- BYOUNG S KIM (PRESIDENT)
People named in this filing
- BYOUNG S KIM (PRESIDENT)
- JAY PHILLIP KIM (TRUSTEE)
- KYU WHAN WOO (TRUSTEE)
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 corporation shall promote the mutual friendship of the alumni of seoul national university, maintain and enhance the cooperative relationship among the individual colleges and graduate schools and provide continued efforts and contributions for the further development of the alumni matters.
What it reported doing in 2024
Club activity
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.7%; rating input score 73
- Program expense ratio: 96.7%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 19.2%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 2.88; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 16.7% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 12.1% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 72.7% of revenue deployed · 96.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $60K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Sustainability: Officer compensation ratio scored 56/100.