Skip to content
Nonprofiteer
← ALPFA FOUNDATION INC

Form 990 for tax year 2024

Filed by ALPFA FOUNDATION INC.

Totals

Total revenue
$13,178,577
Total expenses
$12,323,867
Contributions and grants received
$2,415,794
Grants paid
$1,316,988
Program service revenue
$10,504,566
Investment income
$258,217
Other revenue
$0
Total assets, end of year
$7,159,004
Total liabilities, end of year
$3,117,171
Net assets or fund balances, end of year
$4,041,833
Program services expenses (Part IX)
$8,673,112
Management and general expenses
$3,630,755
Fundraising expenses
$20,000
Program service expenses (Part III)
$8,673,112

Program services were 70.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1e · Government grants (contributions)

    $140,463

  • 1f · All other contributions, gifts and grants

    $2,275,331

  • 2a · Program service revenue: SPONSORSHIPS

    total $9,083,502 · related or exempt $9,083,502

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $846,802 · related or exempt $846,802

  • 2c · Program service revenue: EVENT REGISTRATIONS

    total $504,572 · related or exempt $504,572

  • 2d · Program service revenue: CAREER CENTER

    total $69,690 · related or exempt $69,690

  • 3 · Investment income

    total $259,727 · excluded $259,727

  • 7b · Less cost or other basis and sales expenses

    securities $1,510

  • 7c · Gain or loss

    securities -$1,510

  • 7d · Net gain or loss

    total -$1,510 · excluded -$1,510

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,316,988 · program services $1,316,988

  • 5 · Compensation of officers, directors and key employees

    total $1,214,682 · program services $485,873 · management and general $728,809

  • 7 · Other salaries and wages

    total $1,171,295 · program services $468,518 · management and general $702,777

  • 8 · Pension plan contributions

    total $23,373 · program services $9,349 · management and general $14,024

  • 9 · Other employee benefits

    total $85,025 · program services $34,010 · management and general $51,015

  • 10 · Payroll taxes

    total $145,489 · program services $58,196 · management and general $87,293

  • 11b · Fees: legal

    total $40,399 · management and general $40,399

  • 11c · Fees: accounting

    total $161,212 · management and general $161,212

  • 11f · Fees: investment management

    total $643 · management and general $643

  • 11g · Fees: other

    total $1,292,729 · program services $1,131,035 · management and general $161,694

  • 12 · Advertising and promotion

    total $147,214 · program services $84,229 · management and general $62,985

  • 13 · Office expenses

    total $70,304 · program services $48,292 · management and general $22,012

  • 14 · Information technology

    total $722,708 · program services $171,230 · management and general $551,478

  • 17 · Travel

    total $287,987 · management and general $287,987

  • 19 · Conferences, conventions and meetings

    total $5,244,713 · program services $4,865,319 · management and general $359,394 · fundraising $20,000

  • 22 · Depreciation, depletion and amortization

    total $332,143 · management and general $332,143

  • 23 · Insurance

    total $26,477 · management and general $26,477

  • 24e · All other expenses

    total $40,486 · program services $73 · management and general $40,413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,539 · end of year $500,605

  • 2 · Savings and temporary cash investments

    beginning of year $4,218,026 · end of year $879,172

  • 3 · Pledges and grants receivable

    beginning of year $25,000

  • 4 · Accounts receivable

    beginning of year $319,717 · end of year $105,370

  • 9 · Prepaid expenses and deferred charges

    end of year $224,124

  • 11 · Investments: publicly traded securities

    end of year $4,202,806

  • 15 · Other assets

    beginning of year $1,159,070 · end of year $1,246,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $470,405 · end of year $1,010,859

  • 19 · Deferred revenue

    beginning of year $898,963 · end of year $1,424,904

  • 25 · Other liabilities

    beginning of year $1,478,609 · end of year $681,408

  • 27 · Net assets without donor restrictions

    beginning of year $3,159,375 · end of year $4,041,833

Mission and programs · 2024

Mission

TO EMPOWER AND DEVELOP LATINO LEADERS OF CHARACTER FOR THE NATION, IN EVERY SECTOR OF THE GLOBAL ECONOMY, WHILE EMBRACING PEOPLE OF ALL BACKGROUNDS WHO SHARE THIS MISSION.

Activities or mission (Part I)

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

  • LEADERSHIP DEVELOPMENT, CAREER ADVANCEMENT, AND COMMUNITY IMPACT ALPFA IS A LATINO CULTURALLY FOCUSED AND ALL-INCLUSIVE ORGANIZATION THAT EMPOWERS STUDENTS AND PROFESSIONALS OF ALL BACKGROUNDS TO RISE AS LEADERS IN EVERY SECTOR OF THE GLOBAL ECONOMY. THROUGH A NATIONAL NETWORK OF STUDENT AND PROFESSIONAL CHAPTERSINCLUDING MORE THAN 200 AT COMMUNITY COLLEGES, UNIVERSITIES, AND IVY LEAGUE SCHOOLSALPFA PROVIDES FREE AND LOW-COST PROGRAMS IN LEADERSHIP DEVELOPMENT, MENTORSHIP, CAREER READINESS, AND NETWORKING DESIGNED TO BUILD SKILLS, CONFIDENCE, AND CONNECTIONS. MULTI-DAY PROGRAMS SUCH AS THE NATIONAL CONVENTION, WOMEN OF ALPFA, REGIONAL STUDENT SYMPOSIA, AND TECHNOLOGY SUMMITS OFFER EXPERIENTIAL LEARNING, HANDS-ON LEADERSHIP TRAINING, COACHING, SCHOLARSHIPS, FELLOWSHIPS, AND DIRECT ACCESS TO INTERNSHIP AND EMPLOYMENT OPPORTUNITIES.ALPFA'S DIGITAL PLATFORM, ALPFA+, EXTENDS THESE BENEFITS NATIONWIDE, OFFERING FREE, COMMUNITY-BUILT LEARNING AND DEVELOPMENT CONTENT, PERSONALIZED MENTORSHIP, AND CAREER RESOURCES. THE ALPFA+ PLATFORM IS CREATED BY AND FOR THE COMMUNITY, SHOWCASING EXPERTS WHO SHARE KNOWLEDGE, MODEL LIFELONG LEARNING, AND DEMONSTRATE THE BEHAVIORS NEEDED FOR SUCCESS BEYOND THE CLASSROOM. THIS ENABLES STUDENTS TO LEARN DIRECTLY FROM ROLE MODELS AND APPLY NEW SKILLS IN THEIR CHAPTERS AND COMMUNITIES.THROUGH THESE EFFORTS, ALPFA IS BUILDING A SELF-REINFORCING LEADERSHIP ECOSYSTEMONE THAT EQUIPS STUDENTS TO LEARN, GROW, AND GIVE BACK AS PROFESSIONALS WHO UPLIFT THEIR FAMILIES, COMMUNITIES, AND THE WORLD.

    Expenses $8,673,112 · Grants $1,316,988 · Revenue $10,504,566

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Damian Rivera

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $509,537
    From this org
    $472,105
    From related orgs
    $0
    Other
    $37,432
    Hours/week
    50 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $72,105
    Other
    $0
    Deferred
    $11,893
    Nontaxable benefits
    $25,539
    Filer's total
    $509,537
  • Selene Benavides

    CHIEF FINANCIAL OFFICER

    Total calculated
    $283,465
    From this org
    $260,000
    From related orgs
    $0
    Other
    $23,465
    Hours/week
    50 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $40,000
    Other
    $0
    Deferred
    $13,007
    Nontaxable benefits
    $10,458
    Filer's total
    $283,465
  • Jennylee Ramos

    CHIEF OPERATING OFFICER

    Total calculated
    $227,095
    From this org
    $211,000
    From related orgs
    $0
    Other
    $16,095
    Hours/week
    50 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $26,000
    Other
    $0
    Deferred
    $8,096
    Nontaxable benefits
    $7,999
    Filer's total
    $227,095
  • Jamelfrey Pacheco

    DIRECTOR OF OPERATIONS

    Total calculated
    $120,097
    From this org
    $114,012
    From related orgs
    $0
    Other
    $6,085
    Hours/week
    50 + 0.1 related
  • Zuhaly Ramon

    DIRECTOR OF MARKETING

    Total calculated
    $113,981
    From this org
    $106,375
    From related orgs
    $0
    Other
    $7,606
    Hours/week
    50 + 0.1 related
  • Melissa Alli

    DIRECTOR OF PARTNERSHIPS (THRU 12/24)

    Total calculated
    $100,989
    From this org
    $100,850
    From related orgs
    $0
    Other
    $139
    Hours/week
    50 + 0.1 related
  • Enna Jimenez Dir Thru 824

    CHIEF DEVEL. OFFICER (AS OF 8/24)

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50 + 0.1 related
  • Esperanza Perez Chief

    INNOVATION & TECHNOLOGY OFFICER

    Total calculated
    $94,585
    From this org
    $82,222
    From related orgs
    $0
    Other
    $12,363
    Hours/week
    50 + 0.1 related
  • Aracely Godinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Chad Workman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Monica Marquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Eneida Roman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Ernest Cordova

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Eveka Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Joel Bencosme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Joel Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Joseph Loretto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Dk Bartley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Patricia Pacheco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Sandra Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Nilza Serrano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Angelica Urquijo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Marcela Aldaz-Matos

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Steven Gonzalez

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Anthony Curtis

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Marie Robles

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Ixchell Duarte

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.1 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations 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 INC

    501(C)(6) · TO EMPOWER AND DEVELOP LATINO MEN AND WOMEN AS LEADERS · CA · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
14 October 2025
IRS schema version
2024v5.2
Source object
202502939349300135

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.