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Nonprofiteer
← ALPFA INC

Form 990 for tax year 2023

Filed by ALPFA INC.

Totals

Total revenue
$479,231
Total expenses
$1,154,075
Contributions and grants received
$0
Grants paid
$1,004,856
Program service revenue
$479,231
Investment income
$0
Other revenue
$0
Total assets, end of year
$715,927
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$715,927
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GENERAL SPONSORSHIPS

    total $330,205 · related or exempt $330,205

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $146,776 · related or exempt $146,776

  • 2c · Program service revenue: EVENT REGISTRATIONS

    total $2,250 · related or exempt $2,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,004,856

  • 11b · Fees: legal

    total $2,500

  • 11c · Fees: accounting

    total $15,242

  • 11g · Fees: other

    total $25,478

  • 12 · Advertising and promotion

    total $7,905

  • 13 · Office expenses

    total $473

  • 14 · Information technology

    total $748

  • 17 · Travel

    total $16,291

  • 19 · Conferences, conventions and meetings

    total $40,373

  • 24a · Other expenses: TRANSFORMATION EXPENSES

    total $31,950

  • 24b · Other expenses: DEVELOPMENT AND TRAININ

    total $5,207

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $3,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,060,462 · end of year $73,528

  • 4 · Accounts receivable

    beginning of year $221,926 · end of year $7,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,615 · end of year $172,017

  • 10a · Land, buildings and equipment: cost or other basis

    $14,174

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,174

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $979,917 · end of year $462,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $391,010

  • 19 · Deferred revenue

    beginning of year $460,322 · end of year $0

  • 25 · Other liabilities

    beginning of year $117,375 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,349,509 · end of year $674,665

  • 28 · Net assets with donor restrictions

    beginning of year $37,704 · end of year $41,262

Mission and programs · 2023

Mission

TO EMPOWER AND DEVELOP LATINO MEN AND WOMEN AS LEADERS OF CHARACTER FOR THE NATION, IN EVERY SECTOR OF THE GLOBAL ECONOMY.

  • MAINTAINING 45 PROFESSIONAL CHAPTERS AND APPROXIMATELY 160 STUDENT PROFESSIONAL AND STUDENT MEMBERS ACROSS THE COUNTRY. IN ADDITION TO NETWORKING AND PROFESSIONAL LEADERSHIP DEVELOPMENT OPPORTUNITIES, OUR MEMBERS HAVE ACCESS TO 50,000 PAID SUMMER INTERNSHIPS THROUGH HUNDREDS OF FORTUNE 1000 CORPORATE PARTNERS. WE ASPIRE TO BE THE BUSINESS PARTNER OF CHOICE FOR COMPANIES SEEKING TO HIRE AND DEVELOP LATINO TALENT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony Curtis

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Marcela Aldaz-Matos

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Ixchell Duarte

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Yasmine Winkler Iggy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Marie Robles

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Aracely Godinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Chad Workman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Monica Marquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Eneida Roman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Enna Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Ernest Cordova

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Eveka Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Joel Bencosme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Joel Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Joseph Loretto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Dk Bartley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Steven Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Patricia Pacheco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Sandra Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Nilza Serrano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Angelica Urquijo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Damian Rivera

    CEO

    Total calculated
    $430,343
    From this org
    $0
    From related orgs
    $379,568
    Other
    $50,775
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,500 related
    Bonus
    $0 + $66,000 related
    Other
    $0 + $68 related
    Deferred
    $0 + $17,291 related
    Nontaxable benefits
    $0 + $33,484 related
    Filer's total
    $0 + $430,343 related

  • Selene Benavides

    CFO

    Total calculated
    $232,161
    From this org
    $0
    From related orgs
    $200,104
    Other
    $32,057
    Hours/week
    0.1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,400 related
    Bonus
    $0 + $33,600 related
    Other
    $0 + $104 related
    Deferred
    $0 + $10,848 related
    Nontaxable benefits
    $0 + $21,209 related
    Filer's total
    $0 + $232,161 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
ALPFA, INC.'S (THE "ASSOCIATION") RELATED PARTY ALPFA FOUNDATION, INC. (THE "FOUNDATION") SETS COMPENSATION FOR THE ASSOCIATION'S CEO BASED ON ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALPFA FOUNDATION INC

    501(C)(3) · GRANTING SCHOLARSHIPS TO QUALIFIED ACCOUNTING & BUSINESS STUDENTS · CA · controlled entity

    Directly controlled by ALPFA INC

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349307619

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