Nonprofit · EIN 11-2387947
SEVERANCE ALUMNI ASSOCIATION INC
Tax-exempt · ROSLYN, NY 11576
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $546,722 | $151,692 | $395,030 | $3,031,025 | $143,233 | $2,887,792 |
| October 31, 2024 | 990 | $486,302 | $84,622 | $401,680 | $2,345,666 | $276,906 | $2,068,760 |
| October 31, 2023 | 990 | $212,536 | $130,442 | $82,094 | $1,397,360 | $376,639 | $1,020,721 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $510,914
- Membership dues
- $109,810
- Program service revenue
- $0
- Investment income
- $35,808
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $66,850
- Other salaries and wages
- $36,108
- Salaries, compensation and benefits (total)
- $44,654
- Professional fundraising fees
- $0
- Accounting fees
- $25,560
- Program services (functional)
- $86,989
- Management and general (functional)
- $64,703
Balance sheet and other
- Total assets, start of year
- $2,345,666
- Total assets, end of year
- $3,031,025
- Total liabilities, end of year
- $143,233
- Net assets, end of year
- $2,887,792
- Net assets without donor restrictions
- $2,864,196
- Net assets with donor restrictions
- $23,596
- Gross receipts
- $546,722
- Employees
- 1
- Year formed
- 1975
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHUN S KIM | COMMITTEE CH Trustee or director, Officer | 3 | $0 |
| BONG S LEE | FINANCIAL CO Trustee or director | 1 | $0 |
| HEUNG K OH | DIRECTOR Trustee or director, Officer | 3 | $0 |
| CHANG JO PARK | TREASURER Trustee or director, Officer | 3 | $0 |
| HOON JAE PARK | EXECUTIVE VP Trustee or director | 1 | $0 |
| YONG D PARK | PRESIDENT Trustee or director, Officer | 3 | $0 |
990 for the year ended October 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHUN S KIM | COMMITTEE CH Trustee or director, Officer | 3 | $0 |
| BONG S LEE | FINANCIAL CO Trustee or director | 1 | $0 |
| HEUNG K OH | DIRECTOR Trustee or director, Officer | 3 | $0 |
| CHANG JO PARK | TREASURER Trustee or director, Officer | 3 | $0 |
| HOON JAE PARK | EXECUTIVE VP Trustee or director | 1 | $0 |
| YONG D PARK | PRESIDENT Trustee or director, Officer | 3 | $0 |
990 for the year ended October 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONG S LEE | FINANCIAL CO Trustee or director | 1 | $0 |
| JUNHO LEE | IMMEDIATE PA Trustee or director, Officer | 3 | $0 |
| HEUNG K OH | PRESIDENT Trustee or director, Officer | 3 | $0 |
| CHANG JO PARK | TREASURER Trustee or director, Officer | 3 | $0 |
| HOON JAE PARK | EXECUTIVE VP Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 26 WIMBLEDON DR, ROSLYN, NY 11576-3084
- In care of
- % DR JUNHE LEE
- Principal officer (990 for 2024)
- CHANG JO PARK, 269-10 GRAND CENTRAL PARKWAY APT30, FLORAL PARK, NY 11005
- Signed the 990
- CHANG JO PARK, TREASURER
- Phone
- (516) 655-0088
- Return prepared by
- KIM LEE CPAS LLP
Mission
THE GRANT OF SCHOLARSHIPS TO MEDICAL STUDENTS, THE ORGANIZATION OF SEMINARS AND CONFERENCES ON TOPICS OF INTEREST TO ITS MEMBERS, AND THE ENHANCEMENT OF FRIENDSHIP AND COMMUNICATION AMONG ITS MEMBERS.
Program accomplishments
- ASSISTANCE PROGRAM FOR THE MEDICAL RESEARCH FUND IN ALMA MATER AND GRANTS TO THE ALUMNI STUDENTS.Expenses $86,989 · grants $66,850
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2387947
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B84Z)
- Assets (IRS master file)
- $3,031,025
- Income (IRS master file)
- $546,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $546,722 | $151,692 | $3,031,025 | XML |
| 990 | October 2024 | $486,302 | $84,622 | $2,345,666 | XML |
| 990 | October 2023 | $212,536 | $130,442 | $1,397,360 | XML |
| 990 | October 2022 | $174,610 | $91,000 | $1,357,179 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2387947).
Questions about SEVERANCE ALUMNI ASSOCIATION INC
- What is the EIN of SEVERANCE ALUMNI ASSOCIATION INC?
- The employer identification number (EIN) of SEVERANCE ALUMNI ASSOCIATION INC is 11-2387947.
- Is SEVERANCE ALUMNI ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to SEVERANCE ALUMNI ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEVERANCE ALUMNI ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEVERANCE ALUMNI ASSOCIATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEVERANCE ALUMNI ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of SEVERANCE ALUMNI ASSOCIATION INC?
- The 990 for the year ended October 31, 2025 names CHANG JO PARK.
- Who are the officers and directors of SEVERANCE ALUMNI ASSOCIATION INC?
- The 990 for the year ended October 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does SEVERANCE ALUMNI ASSOCIATION INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $546,722, expenses of $151,692 and total assets of $3,031,025 at year end.
Other nonprofits in ROSLYN
- BUCKLEY COUNTRY DAY SCHOOL EIN 11-1661352 · last filed 990 for 2025
- BRYANT LIBRARY EIN 11-1961020 · last filed 990 for 2025
- TINYHEARTS CHILDCARE CENTER INC EIN 84-4948127 · last filed 990 for 2024
- HARBOR HILL SCHOOL PARENT FACULTY ASSOCIATION EIN 27-4401577 · last filed 990-EZ for 2025
- NEXTGEN ENTREPRENEURSHIP NETWORK EIN 93-2106846 · last filed 990-PF for 2025
- GLOBAL PROJECT HOPE INC EIN 46-3333061 · last filed 990-EZ for 2025
- WORLD CONFUCIUS FOUNDATION INC EIN 81-2166788 · last filed 990-N for 2025
- FRIENDS OF THE BRYANT LIBRARY EIN 11-3262381 · last filed 990-N for 2025