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Nonprofiteer
← ALTURA FOUNDATION

Form 990 for tax year 2023

Filed by ALTURA FOUNDATION.

Totals

Total revenue
$296,086
Total expenses
$141,265
Contributions and grants received
$173,800
Grants paid
$95,000
Program service revenue
$0
Investment income
$122,286
Other revenue
$0
Total assets, end of year
$6,048,225
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,048,225
Program services expenses (Part IX)
$119,647
Management and general expenses
$21,618
Fundraising expenses
$0
Program service expenses (Part III)
$119,647

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK HAWKINS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • BARBARA PURVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARK BALYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ALAN STRZEMIECZNY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH DOWNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • NINFA DELGADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JENNIFER BINKLEY

    CEO

    Total calculated
    $996,061
    From this org
    $0
    From related orgs
    $955,137
    Other
    $40,924
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $767,418 related
    Bonus
    $0 + $176,059 related
    Other
    $0 + $11,660 related
    Deferred
    $0 + $13,330 related
    Nontaxable benefits
    $0 + $27,594 related
    Filer's total
    $0 + $996,061 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
THE CREDIT UNION ENTERED INTO A SPLIT-DOLLAR AGREEMENT WITH THE CEO IN 2019.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALTURA GROUP INC

    C · LENDING · CA · share of income $1,254,670 · share of assets $6,136,346 · controlled entity

    Directly controlled by ALTURA CU

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202422759349300732

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