Seoul National University Alumni Association In Usa
Seoul National University Alumni Association In Usa shows consistent asset growth and no officer compensation, despite a recent operating deficit.
EIN: 133859506 · N Oaks, MN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $505K |
| Total Expenses | $451K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Seoul National University Alumni Association In Usa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seoul National University Alumni Association In Usa directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seoul National University Alumni Association In Usa
Seoul National University Alumni Association In Usa (EIN: 133859506) is a nonprofit organization based in N Oaks, MN, classified under NTEE code B82. The organization reported total revenue of $505K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seoul National University Alumni Association In Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seoul National University Alumni Association In Usa is a small nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $451K |
| Surplus / Deficit | $-45,986 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -11.3% |
| Months of Reserves | 32.0 months |
Financial Health Grade: B
In 2023, Seoul National University Alumni Association In Usa reported a deficit of $46K with expenses exceeding revenue, holds 32.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Seoul National University Alumni Association In Usa's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.5% | +41.6% | -8.0% |
| 2022 | +10.0% | +36.0% | +35.2% |
| 2021 | +83.2% | -10.4% | +75.3% |
| 2020 | +45.7% | +20.1% | +2.9% |
| 2019 | -29.0% | +2.6% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seoul National University Alumni Association In Usa with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Seoul National University Alumni Association In Usa allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for maximizing funds directed towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seoul National University Alumni Association In Usa's IRS 990 filings:
- Operating deficit in the most recent filing period (202306), with expenses ($451,306) exceeding revenue ($405,320).
Strengths
The following positive indicators were identified for Seoul National University Alumni Association In Usa:
- Consistent asset growth, reaching $1,564,082.
- Zero officer compensation reported across all filing periods, indicating volunteer leadership.
- Low to no liabilities reported in most periods, demonstrating strong financial management.
- Significant revenue growth from $176,985 in 201506 to $505,270 currently.
- Consistent filing of IRS Form 990s over 12 periods, indicating transparency.
Frequently Asked Questions about Seoul National University Alumni Association In Usa
Is Seoul National University Alumni Association In Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, Seoul National University Alumni Association In Usa (EIN: 133859506) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Seoul National University Alumni Association In Usa spend its money?
Seoul National University Alumni Association In Usa directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seoul National University Alumni Association In Usa tax-deductible?
Seoul National University Alumni Association In Usa is registered as a tax-exempt nonprofit (EIN: 133859506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seoul National University Alumni Association In Usa's spending goes to programs?
Seoul National University Alumni Association In Usa directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seoul National University Alumni Association In Usa compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Seoul National University Alumni Association In Usa is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seoul National University Alumni Association In Usa located?
Seoul National University Alumni Association In Usa is headquartered in N Oaks, Minnesota and files with the IRS under EIN 133859506. It is classified under NTEE code B82.
How many years of IRS 990 filings does Seoul National University Alumni Association In Usa have?
Seoul National University Alumni Association In Usa has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $505K in total revenue.
Is Seoul National University Alumni Association In Usa a good charity?
Based on the available data, the organization appears to be a good charity. It demonstrates strong financial growth, maintains low liabilities, and notably has 0% officer compensation, suggesting a high dedication of resources to its mission. Its consistent IRS 990 filings also indicate transparency.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $314,055 in 201506 to $1,564,082 currently, and revenue has increased from $176,985 in 201506 to $505,270. While there was a deficit in 202306, the overall trend is positive growth and stability.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay none. Officer compensation is consistently reported as 0% in all available filings, indicating a volunteer-led structure.
Filing History
IRS 990 filing history for Seoul National University Alumni Association In Usa showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seoul National University Alumni Association In Usa's revenue has grown by 126%, moving from $179K to $405K. Total assets increased by 416.2% over the same period, from $233K to $1.2M. Total functional expenses rose by 87.1%, from $241K to $451K. In its most recent filing year (2023), Seoul National University Alumni Association In Usa reported a deficit of $46K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $451K | $1.2M | $0 | — | View 990 |
| 2022 | $639K | $319K | $1.3M | $0 | — | View 990 |
| 2021 | $581K | $234K | $967K | $0 | — | View 990 |
| 2020 | $317K | $262K | $552K | $14K | — | View 990 |
| 2019 | $217K | $218K | $536K | $78K | — | View 990 |
| 2018 | $306K | $212K | $518K | $42K | — | — |
| 2017 | $257K | $219K | $365K | $0 | — | View 990 |
| 2016 | $225K | $212K | $348K | $22K | — | View 990 |
| 2015 | $177K | $188K | $314K | $0 | — | View 990 |
| 2014 | $273K | $242K | $325K | $0 | — | View 990 |
| 2013 | $263K | $201K | $294K | $0 | — | View 990 |
| 2012 | $179K | $241K | $233K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $451K, and assets of $1.2M (revenue -36.5% year-over-year).
- 2022: Revenue of $639K, expenses of $319K, and assets of $1.3M (revenue +10.0% year-over-year).
- 2021: Revenue of $581K, expenses of $234K, and assets of $967K (revenue +83.2% year-over-year).
- 2020: Revenue of $317K, expenses of $262K, and assets of $552K (revenue +45.7% year-over-year).
- 2019: Revenue of $217K, expenses of $218K, and assets of $536K (revenue -29.0% year-over-year).
- 2018: Revenue of $306K, expenses of $212K, and assets of $518K (revenue +18.9% year-over-year).
- 2017: Revenue of $257K, expenses of $219K, and assets of $365K (revenue +14.2% year-over-year).
- 2016: Revenue of $225K, expenses of $212K, and assets of $348K (revenue +27.4% year-over-year).
- 2015: Revenue of $177K, expenses of $188K, and assets of $314K (revenue -35.1% year-over-year).
- 2014: Revenue of $273K, expenses of $242K, and assets of $325K (revenue +3.8% year-over-year).
- 2013: Revenue of $263K, expenses of $201K, and assets of $294K (revenue +46.5% year-over-year).
- 2012: Revenue of $179K, expenses of $241K, and assets of $233K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seoul National University Alumni Association In Usa:
Data Sources and Methodology
This transparency report for Seoul National University Alumni Association In Usa is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.