Aa Alumni Foundation INC EIN 23-7448539

Aa Alumni Foundation INC

EIN  23-7448539 Public charity (501(c)(3)) Bayville, NY Founded 1973
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers affordable housing for students.
Leadership
Matthew J Defilippis · President Prop Mgmt
Money in and out
$308K revenue, $201K expenses
Bottom line
99% program efficiency

Offers affordable housing for students. For fiscal year 2024 it reported $308K in revenue, $201K in expenses, and $448K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$308K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$448K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $107K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs0% vs prior filing year
Operating runway
21.7mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
+35%
revenue over expenses, this year▲ ×320 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$308K
FY2024▲ +30%
Expenses
$201K
FY2024▼ -15%
Total assets
$1.6M
FY2024▲ +2%
Total liabilities
$1.2M
FY2024▼ -6%
Total revenue
$308K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$448K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$107K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 3776
Independent voting membersPt I · Ln 4776
Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2024.
01

Students at columbia university are provided housing at rates discounted from market rates for the surrounding area.

$200Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAa Alumni Foundation INC
EINHdr · item D23-7448539
Principal addressHdr · item CBayville, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1973
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B84)
Ruling yearIRS BMFDec 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a776
Independent voting membersPt VI · Ln 1b776
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Prop Mgmt
$0Pt VII · Sec A
VP - Tenant Mgmt
$0Pt VII · Sec A
VP Treasurer
$0Pt VII · Sec A
VP - Tenant Mgmt
$0Pt VII · Sec A
$0Pt VII · Sec A
VP - Membership Development
$0Pt VII · Sec A
$0Pt VII · Sec A
VP - Prop Mgmt
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$260K · 84%
Contributions & grants$48K · 16%
Program service revenue84%$260K
Contributions & grants16%$48K
Total revenueLn 12$308K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$200K
Management & general1%$1K
Total functional expensesLn 25$201K

Balance Sheet

Part X · end of year
CashLn 1$364K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$448K
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $364K · Operating expenses/yr $201K
21.7 months
Where the money goes
Program services
Program services $200K · Total expenses $201K
99%
Management & General
Management & general $1K · Total expenses $201K
1%
Fundraising
Fundraising $0 · Total expenses $201K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $119 · Solicited contributions (3-yr avg) $42K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $48K · Total revenue $308K
16%
Government reliance
Government grants — · Total revenue $308K
Earned-income share
Program service revenue $260K · Total revenue $308K
84%
Investment reliance
Investment income $0 · Total revenue $308K
0%
Program self-sufficiency
Program service revenue $260K · Total expenses $201K
129%
Growth & trend
Revenue growth (YoY)
This year $308K · Prior year $236K
+30%
Revenue CAGR
FY2020 $239K · FY2024 $308K
+7%
Net-asset trend (YoY)
End of year $448K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $308K · Expenses $201K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $448K · Total assets $1.6M
28%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew J Defilippis · Reported title PRESIDENT PROP MGMT · Highest reported compensation $0 · Total expenses $201K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $201K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Revenue growth 30%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Ford FoundationFY2021$300
Total grants receivedfrom 1 funder$300

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$236K revenue · ⤓ 990 PDF
FY2023$247K revenue · ⤓ 990 PDF
FY2022$207K revenue · ⤓ 990 PDF
FY2021$239K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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