Aa Alumni Foundation INC FY2021 filing

Tax-deductible

Bayville, NY501(c)(3)Since 1973EducationEIN 23-7448539

Provide low-cost student housing

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
98%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
26 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $300
Funders’ Sch. I, 990-PF
Do they carry debt?
$1.3M
liabilities
Pt X · Ln 26
Who oversees it?
756
independent of 756 voting board members
Pt VI · Ln 1a–1b
Revenue
$239K
Spent
$200K
To programs
98%
Net assets
$209K
By yearFY2021–FY2024
Revenue
$239K
FY2021
Revenue by fiscal year
FY2021$239K
FY2022$207K
FY2023$247K
FY2024$236K
FY2024$308K
Expenses
$200K
FY2021
Expenses by fiscal year
FY2021$200K
FY2022$170K
FY2023$162K
FY2024$236K
FY2024$201K
Net assets
$209K
FY2021
Net assets by fiscal year
FY2021$209K
FY2022$246K
FY2023$331K
FY2024$341K
FY2024$448K

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2010-11-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAa Alumni Foundation INC
EINHdr · item D23-7448539
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2013
Year of formationHdr · item L1973
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBayville, NY
NTEE classificationIRS BMFEducation (B84)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program services98%$196K
Management & general2%$4K
Fundraising$384
Total functional expensesLn 25$200K

Financial health

Is it on solid ground?

Program efficiency
98%
of spending reaches programs
Operating runway
25.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.5M
FY2021
Total assets by fiscal year
FY2021$1.5M
FY2022$1.6M
FY2023$1.6M
FY2024$1.6M
FY2024$1.6M
Total liabilities
$1.3M
FY2021
Total liabilities by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2024$1.2M
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 3756
Independent voting membersPt I · Ln 4756

Balance Sheet

Part X · end of year
CashLn 1$425K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$209K
Months of cash on handcomputed25.5

Statement of Revenue

Part VIII
Program service revenue$160K · 67%
Contributions & grants$78K · 33%
Program service revenue67%$160K
Contributions & grants33%$78K
Investment income$329
Total revenueLn 12$239K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $425K · Operating expenses/yr $200K
25.5 months
Where the money goes
Program services
Program services $196K · Total expenses $200K
98%
Management & General
Management & general $4K · Total expenses $200K
2%
Fundraising
Fundraising $384 · Total expenses $200K
0.2%
Cost to raise $1
Fundraising expense $384 · Solicited contributions $78K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $78K · Total revenue $239K
33%
Government reliance
Government grants — · Total revenue $239K
—
Earned-income share
Program service revenue $160K · Total revenue $239K
67%
Investment reliance
Investment income $329 · Total revenue $239K
+0.1%
Program self-sufficiency
Program service revenue $160K · Total expenses $200K
80%
Growth & trend
Revenue growth (YoY)
This year $239K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $209K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $239K · Expenses $200K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
—
Net-asset ratio
Net assets $209K · Total assets $1.5M
14%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.5M
0%
People & payroll
Highest Reported Total Compensation
Individual Matthew J Defilippis · Reported title President · Highest reported compensation $0 · Total expenses $200K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $200K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0.5%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.4%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
VP Operations
$0Pt VII · Sec A
VP Prop. Mgt.
$0Pt VII · Sec A
VP Treasurer
$0Pt VII · Sec A
VP Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aa Alumni Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 756Voting board membersPt VI · Ln 1a
  • 756Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers affordable housing for students.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $196K of program spending, described in the organization's own filed words · FY2020.
01

Students at Columbia University were provided housing at rates discounted from market rates in the surrounding area.

$196Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $236K$236K-5% 990 PDF
FY2023 $247K$162K+20% 990 PDF
FY2022 $207K$170K-14% 990 PDF
FY2021 Viewing $239K$200K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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