Skip to content
Nonprofiteer
← ALTURA FOUNDATION

Form 990 for tax year 2024

Filed by ALTURA FOUNDATION.

Totals

Total revenue
$603,472
Total expenses
$162,851
Contributions and grants received
$407,418
Grants paid
$135,000
Program service revenue
$0
Investment income
$196,054
Other revenue
$0
Total assets, end of year
$6,926,856
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,926,856
Program services expenses (Part IX)
$138,126
Management and general expenses
$24,725
Fundraising expenses
$0
Program service expenses (Part III)
$138,126

Program services were 84.8% 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.

  • 1d · Related organizations

    $294,198

  • 1f · All other contributions, gifts and grants

    $113,220

  • 3 · Investment income

    total $173,731 · related or exempt $173,731

  • 7a · Gross sales of assets other than inventory

    securities $694,115

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

    securities $671,792

  • 7c · Gain or loss

    securities $22,323

  • 7d · Net gain or loss

    total $22,323 · related or exempt $22,323

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 2 · Grants to domestic individuals

    total $110,000 · program services $110,000

  • 11f · Fees: investment management

    total $24,725 · management and general $24,725

  • 11g · Fees: other

    total $3,126 · program services $3,126

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $198,685 · end of year $220,566

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $168,028

  • 13 · Investments: program-related

    beginning of year $5,849,540 · end of year $6,538,262

  • 27 · Net assets without donor restrictions

    beginning of year $6,048,225 · end of year $6,926,856

Mission and programs · 2024

Mission

TO ASSIST HIGH SCHOOL SENIORS IN REACHING THEIR HIGHER EDUCATION GOALS.

  • THE ALTURA FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS LOOKING TO ENTER THEIR FIRST YEAR OF COLLEGE IN RIVERSIDE COUNTY AND THROUGHOUT THE UNITED STATES. THE QUEST FOR HIGHER EDUCATION IS ONE OF LIFE'S GREATEST JOURNEYS, AND ALL GREAT JOURNEYS TAKE TIME. WE ARE COMMITTED TO EMPOWERING THE DREAMS OF ALL OUR MEMBERS.IN ADDITION TO GENERAL SCHOLARSHIPS, THE ALTURA FOUNDATION OFFERS MEMORIAL SCHOLARSHIPS ESTABLISHED IN LEGACY OF FOUR VERY SPECIAL COMMUNITY MEMBERS. OUR CEO ALSO PERSONALLY FUNDS ALTURA'S FUTURE LEADER SCHOLARSHIP, DESIGNED FOR A HIGH SCHOOL SENIOR WHO EMBODIES LEADERSHIP CHARACTERISTICS.IN 2024, WE RELAUNCHED OUR SMALL BUSINESS EMPOWERMENT GRANT, PROVIDING DIRECT SUPPORT TO LOCAL ENTREPRENEURS AND INNOVATORS.

    Expenses $138,126 · Grants $135,000

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

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
    $934
    From this org
    $0
    From related orgs
    $934
    Other
    $0
    Hours/week
    1 + 2 related

  • JENNIFER BINKLEY

    CEO

    Total calculated
    $1,112,135
    From this org
    $0
    From related orgs
    $1,079,138
    Other
    $32,997
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $815,032 related
    Bonus
    $0 + $252,446 related
    Other
    $0 + $11,660 related
    Deferred
    $0 + $13,903 related
    Nontaxable benefits
    $0 + $19,094 related
    Filer's total
    $0 + $1,112,135 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

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.

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 · controlled entity

    Directly controlled by ALTURA CU

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349307589

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.