2023-09-25T16:43:12-05:00 2022-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92121 990 2022-01-01 861118036 ALPFA FOUNDATION INC ALPF 8556925732 1717 W 6TH STREET 410 AUSTIN TX 78703 SELENE BENAVIDES CFO 8556925732 2023-09-20 1 SELENE BENAVIDES 999009999 0 JANE COLEMAN P01391236 8586271400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAMIAN RIVERA 1717 W 6TH STREET 410 AUSTIN TX 78703 1419873 0 X WWW.ALPFA.ORG X 2004 CA GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS. 6 5 0 500 0 0 957384 1409808 0 9960 28 105 0 0 957412 1419873 661000 675000 0 0 0 0 0 48000 48000 27451 8892 688451 731892 268961 687981 639234 2252769 165890 1241444 473344 1011325 X GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS. 0 1 675700 675000 9960 GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS AND PROVIDING NETWORK, MENTORING AND EDUCATIONAL PROGRAMS TO STUDENTS AND PROFESSIONALS AT ALL CAREER LEVELS. 675700 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X DAMIAN RIVERA 6462426322 1717 W 6TH STREET STE 410 AUSTIN TX 78703 DAMIAN RIVERA DIRECTOR/CEO 1.00 50.00 X X 0 386458 39187 ARACELY GODINEZ TREASURER 1.00 5.00 X X 0 0 0 MARIE J ROBLES SECRETARY 1.00 5.00 X X 0 0 0 MARCELA ALDAZ MATOS CHAIR 1.00 5.00 X X 0 0 0 IXCHELL DUARTE VICE CHAIR 1.00 5.00 X 0 0 0 STEVE GONZALEZ IMMEDIATE PAST CHAIR 1.00 5.00 X 0 0 0 SELENE BENAVIDES CFO 1.00 40.00 X 0 190342 14068 0 576800 53255 0 0 1 0 0 1409808 1409808 MEMBERSHIP DUES 900099 9650 9650 310 310 9960 105 105 1419873 9960 0 105 675000 675000 48000 48000 1712 1712 100 100 6480 6480 BAD DEBT 600 600 731892 675700 8192 48000 386468 688157 0 1290968 23350 156269 6479 0 222937 117375 639234 2252769 223 347 165667 1241097 165890 1241444 X 473344 1011325 473344 1011325 639234 2252769 X 687981 -150000 X 0 1 X 1 0 X 171176 140391 403983 807384 1409808 2932742 171176 140391 403983 807384 1409808 2932742 960198 1972544 2 3 11 28 105 149 2932891 9960 0.67260 0.60080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM RELATED PARTY 117375 117375 X 2156021 736563 736563 1419458 415 415 1419873 1618040 736563 150000 886563 731477 415 415 731892 PART X, LINE 2: THE FOUNDATION OPERATES AS A NONPROFIT PUBLIC BENEFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUES AND TAXATION CODE OF THE STATE OF CALIFORNIA AND, GENERALLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION HAS EVALUATED THE FINANCIAL STATEMENT IMPACT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS. MANAGEMENT HAS DETERMINED THAT NO TAX LIABILITIES NEED TO BE RECORDED UNDER APPLICABLE ACCOUNTING GUIDANCE FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT AND OTHER INCOME RECLASSIFICATION 415. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES 150,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT AND OTHER INCOME RECLASSIFICATION 415. X X 1 FSO PARTNERS PO BOX 1671 HIGH SPRINGS FL 32655 CONSULTING SERVICES 0 0 48000 -48000 48000 -48000 CA 1 SCHOLARSHIPS 117 675000 PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUAL STUDENTS TO OFFSET THE COST OF TUITION, FEES, AND ROOM AND BOARD. GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS AND MONITORED BY THE FOUNDATION'S ACCOUNTING DEPARTMENT. X 0 0 0 0 0 0 0 0 0 DAMIAN RIVERA DIRECTOR/CEO 0 320435 0 66000 0 23 0 16831 0 22356 0 425645 0 0 SELENE BENAVIDES CFO 0 158307 0 32000 0 35 0 10000 0 4068 0 204410 0 0 PART I, LINE 3 THE FOUNDATION'S RELATED PARTY ALPFA, INC. (THE "ASSOCIATION") SETS COMPENSATION FOR THE FOUNDATION'S CEO BASED ON ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3. FORM 990, PART III, LINE 3 ALPFA FOUNDATION, INC. (THE "FOUNDATION") HAS EXPANDED AND ITS RELATED PARTY ALPFA, INC. (THE "ASSOCIATION") IS TRANSITIONING ITS CHARITABLE ACTIVITIES TO THE FOUNDATION. THIS STRATEGIC DECISION TO OPERATE CHARITABLE ACTIVITIES PRIMARILY OUT OF THE FOUNDATION WAS APPROVED BY THE BOARD OF DIRECTORS IN SEPTEMBER 2022. THEREFORE, STARTING LATE 2022, PROGRAMS AND SCHOLARSHIPS HAS INCREASED IN THE FOUNDATION AND WILL CONTINUE TO INCREASE IN 2023 AND BEYOND. FORM 990, PART VI, SECTION A, LINE 7A THE CHIEF EXECUTIVE OFFICER AND CHAIRPERSON OF THE ASSOCIATION'S BOARD OF DIRECTORS WILL SERVE AS DIRECTORS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITEE, THEN THE FORM 990 IS MADE AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES MEETS REGULARLY TO REVIEW AND MONITOR THE FOUNDATION'S ACTIVITIES. ALL BOARD MEMBERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS SHALL SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE ANNUALLY TO THE BOARD. IF A CONFLICT ARISES, THE MEMBER WITH A CONFLICT OF INTEREST WILL RECUSE THEMSELVES FROM THE DECISION MAKING PROCESS AND VOTING ON TRANSACTIONS. THERE HAVE BEEN NO INCIDENCES OF ANY CONFLICT IN 2022. FORM 990, PART VI, SECTION B, LINE 15 ALPFA FOUNDATION, INC. (THE "FOUNDATION") HAS NO EMPLOYEES AND ALL WORK IS DONE BY ITS RELATED PARTY ALPFA, INC. (THE "ASSOCIATION"). BOARD MEMBER AND CEO DAMIEN RIVERA'S COMPENSATION IS PAID BY THE ASSOCIATION. HIS COMPENSATION IS APPROVED BY THE ASSOCIATION'S BOARD AFTER REVIEW BY AN INDEPENDENT COMPENSATION COMMITTEE INCLUDING ANALYSIS OF COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR VIEWING ON THE ASSOCIATION'S WEBSITE. POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGE -150,000. ALPFA INC 1717 W 6TH STREET NO 410 AUSTIN TX 78703 320178401 TO EMPOWER AND DEVELOP LATINO MEN AND WOMEN AS LEADERS CA 501(C)(6) N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 ALFPA INC D 117375 CASH