2024-11-14T12:11:19-06:00 2023-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92121 990 2023-01-01 861118036 ALPFA FOUNDATION INC ALPF 8556925732 1717 W 6TH STREET 410 AUSTIN TX 78703 SELENE BENAVIDES CFO 8556925732 2024-11-13 1 0 JANE COLEMAN P01391236 8586271400 2023 2024-10-15 13:58:12Z DAMIAN RIVERA 1717 W 6TH STREET 410 AUSTIN TX 78703 10875770 0 X WWW.ALPFA.ORG X 2004 CA GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS. 22 21 16 500 0 0 1409808 9164303 9960 1530772 105 180695 0 0 1419873 10875770 675000 843620 0 0 0 2069642 48000 34939 34939 8892 5779519 731892 8727720 687981 2148050 2252769 6007352 1241444 2847977 1011325 3159375 X GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS. 0 1 6347718 843620 1530772 GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS AND PROVIDING NETWORK, MENTORING AND EDUCATIONAL PROGRAMS TO STUDENTS AND PROFESSIONALS AT ALL CAREER LEVELS. 6347718 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DAMIAN RIVERA 6462426322 1717 W 6TH STREET STE 410 AUSTIN TX 78703 DAMIAN RIVERA CEO 50.00 0.10 X X 379568 0 50775 ANTHONY CURTIS CHAIR 1.00 0.10 X X 0 0 0 MARCELA ALDAZ-MATOS IMMEDIATE PAST CHAIR 1.00 0.10 X X 0 0 0 IXCHELL DUARTE TREASURER 1.00 0.10 X X 0 0 0 YASMINE WINKLER IGGY VICE CHAIR 1.00 0.10 X X 0 0 0 MARIE ROBLES SECRETARY 1.00 0.10 X X 0 0 0 ARACELY GODINEZ DIRECTOR 1.00 0.10 X 0 0 0 CHAD WORKMAN DIRECTOR 1.00 0.10 X 0 0 0 MONICA MARQUEZ DIRECTOR 1.00 0.10 X 0 0 0 ENEIDA ROMAN DIRECTOR 1.00 0.10 X 0 0 0 ENNA JIMENEZ DIRECTOR 1.00 0.10 X 0 0 0 ERNEST CORDOVA DIRECTOR 1.00 0.10 X 0 0 0 EVEKA RODRIGUEZ DIRECTOR 1.00 0.10 X 0 0 0 JOEL BENCOSME DIRECTOR 1.00 0.10 X 0 0 0 JOEL PEREZ DIRECTOR 1.00 0.10 X 0 0 0 JOSEPH LORETTO DIRECTOR 1.00 0.10 X 0 0 0 DK BARTLEY DIRECTOR 1.00 0.10 X 0 0 0 STEVEN GONZALEZ DIRECTOR 1.00 0.10 X 0 0 0 PATRICIA PACHECO DIRECTOR 1.00 0.10 X 0 0 0 SANDRA PATTERSON DIRECTOR 1.00 0.10 X 0 0 0 NILZA SERRANO DIRECTOR 1.00 0.10 X 0 0 0 ANGELICA URQUIJO DIRECTOR 1.00 0.10 X 0 0 0 SELENE BENAVIDES CFO 50.00 0.10 X 200104 0 32057 JENNYLEE RAMOS SR DIRECTOR OPERATIONS 50.00 0.10 X 130027 0 14265 MELISSA MORALES DIRECTOR OF PARTNERSHIPS 50.00 0.10 X 105036 0 490 814735 0 97587 4 0 1 0 BELL GROUP CONSULTING LLC 415 WOODCREST RD KEY BISCAYNE FL 33149 CONSULTING SERVICES 665721 1 1004856 8159447 1004856 9164303 EVENT REGISTRATIONS 900099 798852 798852 MEMBERSHIP DUES 900099 556695 556695 CAREER CENTER 900099 117268 117268 57957 57957 1530772 180695 180695 10875770 1530772 0 180695 X 843620 843620 806795 322718 484077 1037356 414942 622414 10399 4160 6239 76563 30625 45938 138529 55412 83117 25113 25113 77185 77185 34939 34939 890798 770334 120464 227116 227116 58008 21519 36489 522809 62646 460163 178287 120599 57688 3545724 3474027 71697 203143 203143 30336 30336 21000 21000 8727720 6347718 2345063 34939 688157 285539 1290968 4218026 0 25000 156269 319717 117375 1159070 2252769 6007352 347 470405 1241097 898963 0 1478609 1241444 2847977 X 1011325 3159375 1011325 3159375 2252769 6007352 2148050 0 X 0 1 X 1 0 X 140391 403983 807384 1409808 9164303 11925869 140391 403983 807384 1409808 9164303 11925869 6347061 5578808 3 11 28 105 180695 180842 12106711 1540732 0.46080 0.67260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTERNAL-USE SOFTWARE, NET 1159070 1159070 DUE TO RELATED PARTY 421620 REFUNDABLE ADVANCES 1056989 1478609 X 11623062 721292 721292 10901770 -26000 -26000 10875770 9475012 721292 26000 747292 8727720 0 8727720 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, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -26,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 26,000. X X 1 FSO PARTNERS PO BOX 1671 HIGH SPRINGS FL 32655 CONSULTING SERVICES 0 0 34939 -34939 34939 -34939 CA 1 SCHOLARSHIPS 180 843620 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 X X 0 0 0 0 0 0 0 1 0 DAMIAN RIVERA CEO 313500 0 66000 0 68 0 17291 0 33484 0 430343 0 0 0 SELENE BENAVIDES CFO 166400 0 33600 0 104 0 10848 0 21209 0 232161 0 0 0 PART I, LINE 7 BONUSES PAID ARE BASED ON A RANGE FROM 0-7% AND THEN BASED ON PERFORMANCE PER THE BOARD'S DISCRETION. X SOFTWARE 1 1004856 FMV 0 0 0 0 PART I, COLUMN (B): AMOUNT IS NUMBER OF CONTRIBUTIONS 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. STARTING 2023, 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 DIRECTORS 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 2023. FORM 990, PART VI, SECTION B, LINE 15 IN PRIOR YEARS, ALPFA FOUNDATION, INC. (THE "FOUNDATION") HAD NO EMPLOYEES AND ALL WORK WAS DONE BY ITS RELATED PARTY ALPFA, INC. (THE "ASSOCIATION"). STARTING IN 2023, THE BOARD OF DIRECTORS' STRATEGIC DECISION TRANSFERED ALL OPERATIONS TO THE FOUNDATION, INCLUDING COMPENSATION. COMPENSATION AND MERIT INCREASE RECOMMENDATIONS BY MANAGEMENT ARE REVIEWED BY THE HR COMMITTEE, WHICH PERFORMS MARKET COMPS AND THAT FINAL APPROVAL OF COMPENSATION IS APPROVED BY THE FOUNDATION'S BOARD AS PART OF THE ANNUAL BUDGET APPROVAL. THIS PROCESS IS DOCUMENTED AND WAS LAST DONE IN OCTOBER 2023 FOR THE CEO AND CFO. 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 IX, LINE 11G CONTRACT/PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 762,572. MANAGEMENT AND GENERAL EXPENSES 108,821. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 871,393. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 7,762. MANAGEMENT AND GENERAL EXPENSES 11,643. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,405. 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 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 ALFPA INC D 421620 CASH ALFPA INC C 1004856 FMV