Civic Intelligence

Alpfa Inc

990 • Fiscal year 2019 • EIN 32-0178401

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

1717 W 6th Street No 410Austin, TX 78703

(855) 692-5732

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.38x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.29x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

17%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$331,310

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

9th percentile

-12%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-16%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$576,895

Down $76,254 (-12%) from 2018

Net Assets

Up

-$797,859

Up $837,433 (+51%) from 2018

Liabilities

Down

$1,374,754

Down $913,687 (-40%) from 2018

Revenue

Down

$4,794,611

Down $901,097 (-16%) from 2018

Expenses

Down

$3,961,876

Down $570,954 (-13%) from 2018

Net Income

Down

$832,735

Down $330,143 (-28%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,165,469Liabilities 2010: $1,606,067Net Assets 2010: $1,559,4022010Assets 2011: $3,424,473Liabilities 2011: $1,457,475Net Assets 2011: $1,966,9982011Assets 2012: $5,054,964Liabilities 2012: $2,814,480Net Assets 2012: $2,240,4842012Assets 2013: $4,181,523Liabilities 2013: $3,379,353Net Assets 2013: $802,1702013Assets 2018: $653,149Liabilities 2018: $2,288,441Net Assets 2018: -$1,635,2922018Assets 2019: $576,895Liabilities 2019: $1,374,754Net Assets 2019: -$797,8592019Assets 2020: $1,020,140Liabilities 2020: $964,043Net Assets 2020: $56,0972020Assets 2021: $2,203,417Liabilities 2021: $1,461,208Net Assets 2021: $742,2092021Assets 2022: $2,355,920Liabilities 2022: $968,707Net Assets 2022: $1,387,2132022Assets 2023: $715,927Liabilities 2023: $0Net Assets 2023: $715,9272023Assets 2024: $731,733Liabilities 2024: $16,548Net Assets 2024: $715,1852024

Highlighted filing

2019

Assets$576,895
Liabilities$1,374,754
Net Assets-$797,859

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,213,5842010Expenses 2011: $5,094,0502011Expenses 2012: $7,453,2232012Expenses 2013: $7,465,8092013Revenue 2018: $5,695,708Expenses 2018: $4,532,830Net Income 2018: $1,162,8782018Revenue 2019: $4,794,611Expenses 2019: $3,961,876Net Income 2019: $832,7352019Revenue 2020: $3,009,177Expenses 2020: $2,156,265Net Income 2020: $852,9122020Revenue 2021: $4,356,739Expenses 2021: $3,675,303Net Income 2021: $681,4362021Revenue 2022: $7,084,425Expenses 2022: $6,436,229Net Income 2022: $648,1962022Revenue 2023: $479,231Expenses 2023: $1,154,075Net Income 2023: -$674,8442023Revenue 2024: $0Expenses 2024: $742Net Income 2024: -$7422024

Highlighted filing

2019

Revenue$4,794,611
Expenses$3,961,876
Net Income$832,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$4,794,611
Mission and Program Overview

Mission

To empower and develop latino men and women as leaders of character for the nation, in every sector of the global economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$325,845$261,518▼ $64,327
Accounts Receivable$277,477$259,994▼ $17,483
Prepaid Expenses and Deferred Charges$14,539$18,620▲ $4,081
Land, Buildings, and Equipment, Net$4,810$1,587▼ $3,223
Total Assets$653,149$576,895▼ $76,254
Other Assets Total$30,478$35,176▲ $4,698
Liabilities
Accounts Payable and Accrued Expenses$767,446$582,123▼ $185,323
Deferred Revenue$763,230$532,641▼ $230,589
Other Liabilities$115,329$184,174▲ $68,845
Unsecured Notes Loans Payable$446,152$60,633▼ $385,519
Mortgage Notes Payable Secured by Investment Property$196,284$15,183▼ $181,101
Total Liabilities$2,288,441$1,374,754▼ $913,687
Net Assets / Fund Balance
Net Assets With Donor Restrictions$30,478$35,176▲ $4,698
Net Assets Without Donor Restrictions$-1,665,770$-833,035▲ $832,735
Total Net Assets Fund Balance$-1,635,292$-797,859▲ $837,433
Total Liabilities and Net Assets / Fund Balance$653,149$576,895▼ $76,254

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,587$12,587$14,174
Other Assets Org$35,176--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$30,478-▲ $4,698-$35,176
2018$31,254-▼ $776-$30,478
2017$29,424-▲ $1,830-$31,254
2016$28,050-▲ $1,374-$29,424
2015$27,159$891--$28,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Damian RiveraCEOFT$300,000$31,310$331,310
Raul AudeloChief Digital OfficerFT$119,852$6,309$126,161
Verna GreerSVP of Corporate DevelopmentFT$108,753$8,298$117,051

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Spertus Landes & Umhofer LLPLegal Fees1990 S BUNDY DRIVE SUITE 705, Los Angeles, CA 90025$132,512
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,740,521
Investment Income
$0
Other Revenue
$54,090
Change in Net Assets
$832,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,223,390
Salaries, Compensation, and Employee Benefits$1,731,486
Grants and Similar Amounts Paid$7,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,296,463
Other Salaries and Wages---$1,154,311
Current Officers, Directors, Trustees, and Key Employees---$331,310
Fees for Services Accounting---$194,263
Other Employee Benefits---$137,328
Fees for Services Legal---$132,512
Advertising---$130,803
Travel---$126,229
Fees for Services Other---$113,659
Payroll Taxes---$93,294
Office Expenses---$66,884
Information Technology---$44,833
Occupancy---$34,818
Pension Plan Contributions---$15,243
Insurance---$10,804
Grants to Domestic Individuals---$7,000
Other Expenses---$5,672
Depreciation Depletion---$3,223
Total Functional Expenses$0$0$0$3,961,876
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Alpfa Foundation$184,174
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Alpfa, inc has two classes of members, designated as general members and student members. All members shall be natural persons and, except for student members, shall be at least 18 years of age. General members shall have the right to attend all member meetings and the right to vote, as set forth in these bylaws, on the election of directors, at large directors, disposition of all or substanitally all of the assets of the organization, on any merger and its principal terms and any material amendment of those terms, on any election to dissolve the organization and on all other matters submitted to a vote of the members whether or not required by law. Student members are entitled to vote for a student member director as long as the student member is at least 18 years of age.

Form 990, Part VI, Section A, Line 7A

The organization's members elect its governing body. The voting members include the general members and student members over 18 years of age. The chairman, the vice chairman, the chief financial officer or treasurer and the secretary are elected to the board by the general membership.

Form 990, Part VI, Section A, Line 7B

General members shall have the right to attend all member meetings and the right to vote, as set forth in these bylaws, on the election of directors, at large directors, disposition of all or substanitally all of the assets of the organization, on any merger and its principal terms and any material amendment of those terms, on any election to dissolve the organization and on all other matters submitted to a vote of the members whether or not required by law.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by management, 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 12

The organization is in the process of finalizing its written conflict of interest policy and implementing processes to consistently monitor and enforce compliance therewith. The organization is also in the process of finalizing its document retention and destruction policies.

Form 990, Part VI, Section B, Line 15A

The alpfa national board of directors (bod) performed a national executive search for its ceo in 2018, which resulted in damian f. Rivera being selected as ceo in august 2018. The bod formed a search committee, comprised of two bod members and four national corporate advisory board (cab) members. The search committee executed the comprehensive search, which included framing criteria for applicants and the initial screening via interviews, after the bod and cab provided the pool of potential candidates. In addition, the bod secured the services of executive legal counsel to negotiate the ceo employment agreement directly with the candidate, in conjunction with the bod chairperson, once the search was completed. The full bod participated in the secondary interview and review processes and approved the negotiated ceo employment contract once it was finalized by its external legal counsel. Upon completion of the ceo search, the bod implemented a framework to address compensation review and comparison, performance evaluation, and succession planning for the ceo position. This process is documented.

Form 990, Part VI, Section C, Line 19

All governing documents are available for viewing on the organization's website. Policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Alpfa Inc
EIN
32-0178401
Phone
8556925732
Address
1717 W 6TH STREET NO 410, AUSTIN, TX 78703

Signing Officer

Name
Selene Benavides
Title
CFO
Phone
8556925732
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damian Rivera
Formed
1972
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
19
Volunteers
21

Preparer

Firm
Moss Adams Llp
Address
4747 EXECUTIVE DRIVE, SAN DIEGO, CA 92121
Preparer
Patricia J Mayer
Phone
8586271400
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment's intended use is to provide support for local students.

PART X, LINE 2:

The organization is incorporated as a nonprofit mutual benefit corporation under the laws of the state of california and is generally exempt from federal and state income taxes under section 501(c)(6) of the internal revenue code and section 23701 (d) of the revenues and taxation code of the state of california. The association and the foundation have evaluated the consolidated financial statement impact of tax positions taken or expected to be taken in their tax returns. Management has determined that no tax liabilities need to be recorded under applicable accounting guidance for the year ended december 31, 2019 and 2018.

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IRS990/ActivityOrMissionDesc0TO EMPOWER AND DEVELOP LATINO MEN AND WOMEN AS LEADERS OF CHARACTER FOR THE NATION, IN EVERY SECTOR OF THE GLOBAL ECONOMY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF DIGITAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SVP OF CORPORATE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT/CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15IMMEDIATE PAST CHAIR
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ENDOWED INVESTMENTS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ALPFA FOUNDATION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT'S INTENDED USE IS TO PROVIDE SUPPORT FOR LOCAL STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS INCORPORATED AS A NONPROFIT MUTUAL BENEFIT CORPORATION UNDER THE LAWS OF THE STATE OF CALIFORNIA AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND SECTION 23701 (D) OF THE REVENUES AND TAXATION CODE OF THE STATE OF CALIFORNIA. THE ASSOCIATION AND THE FOUNDATION HAVE EVALUATED THE CONSOLIDATED FINANCIAL STATEMENT IMPACT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THEIR TAX RETURNS. MANAGEMENT HAS DETERMINED THAT NO TAX LIABILITIES NEED TO BE RECORDED UNDER APPLICABLE ACCOUNTING GUIDANCE FOR THE YEAR ENDED DECEMBER 31, 2019 AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS AND MONITORED BY THE ORGANIZATION'S ACCOUNTING DEPARTMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAMIAN RIVERA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALPFA, INC HAS TWO CLASSES OF MEMBERS, DESIGNATED AS GENERAL MEMBERS AND STUDENT MEMBERS. ALL MEMBERS SHALL BE NATURAL PERSONS AND, EXCEPT FOR STUDENT MEMBERS, SHALL BE AT LEAST 18 YEARS OF AGE. GENERAL MEMBERS SHALL HAVE THE RIGHT TO ATTEND ALL MEMBER MEETINGS AND THE RIGHT TO VOTE, AS SET FORTH IN THESE BYLAWS, ON THE ELECTION OF DIRECTORS, AT LARGE DIRECTORS, DISPOSITION OF ALL OR SUBSTANITALLY ALL OF THE ASSETS OF THE ORGANIZATION, ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY MATERIAL AMENDMENT OF THOSE TERMS, ON ANY ELECTION TO DISSOLVE THE ORGANIZATION AND ON ALL OTHER MATTERS SUBMITTED TO A VOTE OF THE MEMBERS WHETHER OR NOT REQUIRED BY LAW. STUDENT MEMBERS ARE ENTITLED TO VOTE FOR A STUDENT MEMBER DIRECTOR AS LONG AS THE STUDENT MEMBER IS AT LEAST 18 YEARS OF AGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S MEMBERS ELECT ITS GOVERNING BODY. THE VOTING MEMBERS INCLUDE THE GENERAL MEMBERS AND STUDENT MEMBERS OVER 18 YEARS OF AGE. THE CHAIRMAN, THE VICE CHAIRMAN, THE CHIEF FINANCIAL OFFICER OR TREASURER AND THE SECRETARY ARE ELECTED TO THE BOARD BY THE GENERAL MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GENERAL MEMBERS SHALL HAVE THE RIGHT TO ATTEND ALL MEMBER MEETINGS AND THE RIGHT TO VOTE, AS SET FORTH IN THESE BYLAWS, ON THE ELECTION OF DIRECTORS, AT LARGE DIRECTORS, DISPOSITION OF ALL OR SUBSTANITALLY ALL OF THE ASSETS OF THE ORGANIZATION, ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY MATERIAL AMENDMENT OF THOSE TERMS, ON ANY ELECTION TO DISSOLVE THE ORGANIZATION AND ON ALL OTHER MATTERS SUBMITTED TO A VOTE OF THE MEMBERS WHETHER OR NOT REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY MANAGEMENT, THEN THE FORM 990 IS MADE AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS IN THE PROCESS OF FINALIZING ITS WRITTEN CONFLICT OF INTEREST POLICY AND IMPLEMENTING PROCESSES TO CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE THEREWITH. THE ORGANIZATION IS ALSO IN THE PROCESS OF FINALIZING ITS DOCUMENT RETENTION AND DESTRUCTION POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ALPFA NATIONAL BOARD OF DIRECTORS (BOD) PERFORMED A NATIONAL EXECUTIVE SEARCH FOR ITS CEO IN 2018, WHICH RESULTED IN DAMIAN F. RIVERA BEING SELECTED AS CEO IN AUGUST 2018. THE BOD FORMED A SEARCH COMMITTEE, COMPRISED OF TWO BOD MEMBERS AND FOUR NATIONAL CORPORATE ADVISORY BOARD (CAB) MEMBERS. THE SEARCH COMMITTEE EXECUTED THE COMPREHENSIVE SEARCH, WHICH INCLUDED FRAMING CRITERIA FOR APPLICANTS AND THE INITIAL SCREENING VIA INTERVIEWS, AFTER THE BOD AND CAB PROVIDED THE POOL OF POTENTIAL CANDIDATES. IN ADDITION, THE BOD SECURED THE SERVICES OF EXECUTIVE LEGAL COUNSEL TO NEGOTIATE THE CEO EMPLOYMENT AGREEMENT DIRECTLY WITH THE CANDIDATE, IN CONJUNCTION WITH THE BOD CHAIRPERSON, ONCE THE SEARCH WAS COMPLETED. THE FULL BOD PARTICIPATED IN THE SECONDARY INTERVIEW AND REVIEW PROCESSES AND APPROVED THE NEGOTIATED CEO EMPLOYMENT CONTRACT ONCE IT WAS FINALIZED BY ITS EXTERNAL LEGAL COUNSEL. UPON COMPLETION OF THE CEO SEARCH, THE BOD IMPLEMENTED A FRAMEWORK TO ADDRESS COMPENSATION REVIEW AND COMPARISON, PERFORMANCE EVALUATION, AND SUCCESSION PLANNING FOR THE CEO POSITION. THIS PROCESS IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR VIEWING ON THE ORGANIZATION'S WEBSITE. POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6

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