Civic Intelligence

Alpfa Foundation Inc

EIN 86-1118036 • 501(c)3 • Austin, TX

Profile

Granting of scholarships to qualified accounting and business students.

3571 Far West Blvd 3695Austin, TX 78731

www.alpfa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.44x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.24x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

55th percentile

6.5%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$7,159,004

Up $1,151,652 (+19%) from 2023

Liabilities

Up

$3,117,171

Up $269,194 (+9.5%) from 2023

Net Assets

Up

$4,041,833

Up $882,458 (+28%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin55th percentile

Revenue

Up

$13,178,577

Up $2,302,807 (+21%) from 2023

Expenses

Up

$12,323,867

Up $3,596,147 (+41%) from 2023

Net Income

Down

$854,710

Down $1,293,340 (-60%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $161,627Liabilities 2010: $0Net Assets 2010: $161,6272010Assets 2011: $177,343Liabilities 2011: $13,000Net Assets 2011: $164,3432011Assets 2012: $166,373Liabilities 2012: $0Net Assets 2012: $166,3732012Assets 2013: $227,730Liabilities 2013: $37,500Net Assets 2013: $190,2302013Assets 2014: $233,567Liabilities 2014: $152,600Net Assets 2014: $80,9672014Assets 2015: $112,994Liabilities 2015: $0Net Assets 2015: $112,9942015Assets 2016: $109,117Liabilities 2016: $9,5302016Assets 2017: $173,411Liabilities 2017: $34,9102017Assets 2018: $157,717Liabilities 2018: $7,875Net Assets 2018: $149,8422018Assets 2019: $224,792Liabilities 2019: $44,471Net Assets 2019: $180,3212019Assets 2020: $254,361Liabilities 2020: $49,978Net Assets 2020: $204,3832020Assets 2021: $639,234Liabilities 2021: $165,890Net Assets 2021: $473,3442021Assets 2022: $2,252,769Liabilities 2022: $1,241,444Net Assets 2022: $1,011,3252022Assets 2023: $6,007,352Liabilities 2023: $2,847,977Net Assets 2023: $3,159,3752023Assets 2024: $7,159,004Liabilities 2024: $3,117,171Net Assets 2024: $4,041,8332024

Highlighted filing

2024

Assets$7,159,004
Liabilities$3,117,171
Net Assets$4,041,833
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $70,938Expenses 2010: $110,028Net Income 2010: -$39,0902010Revenue 2011: $126,315Expenses 2011: $124,960Net Income 2011: $1,3552011Revenue 2012: $103,003Expenses 2012: $103,061Net Income 2012: -$582012Revenue 2013: $138,756Expenses 2013: $114,899Net Income 2013: $23,8572013Revenue 2014: $33,200Expenses 2014: $115,762Net Income 2014: -$82,5622014Revenue 2015: $50,105Expenses 2015: $18,078Net Income 2015: $32,0272015Revenue 2016: $140,334Expenses 2016: $95,038Net Income 2016: $45,2962016Revenue 2017: $154,447Expenses 2017: $115,533Net Income 2017: $38,9142017Revenue 2018: $171,178Expenses 2018: $159,837Net Income 2018: $11,3412018Revenue 2019: $140,394Expenses 2019: $109,915Net Income 2019: $30,4792019Revenue 2020: $403,994Expenses 2020: $379,932Net Income 2020: $24,0622020Revenue 2021: $957,412Expenses 2021: $688,451Net Income 2021: $268,9612021Revenue 2022: $1,419,873Expenses 2022: $731,892Net Income 2022: $687,9812022Revenue 2023: $10,875,770Expenses 2023: $8,727,720Net Income 2023: $2,148,0502023Revenue 2024: $13,178,577Expenses 2024: $12,323,867Net Income 2024: $854,7102024

Highlighted filing

2024

Revenue$13,178,577
Expenses$12,323,867
Net Income$854,710
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,159,004
Liabilities
$3,117,171
Net assets
$4,041,833
Revenue
$13,178,577
Expenses
$12,323,867
Net income
$854,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$3.12$4.04$13.2$12.3$0.85
2023Detailed filing. Detailed filing data is available for this year.$6.01$2.85$3.16$10.9$8.73$2.15
2022Detailed filing. Detailed filing data is available for this year.$2.25$1.24$1.01$1.42$0.73$0.69
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.17$0.47$0.96$0.69$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.05$0.20$0.40$0.38$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.04$0.18$0.14$0.11$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.17$0.16$0.01
2017Summary only. Only limited summary data is available for this year.$0.17$0.03$0.15$0.12$0.04
2016Summary only. Only limited summary data is available for this year.$0.11$0.01$0.14$0.10$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.05$0.02$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.15$0.08$0.03$0.12$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.04$0.19$0.14$0.11$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.10$0.10$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.01$0.16$0.13$0.12$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.07$0.11$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$13,180,087
Mission and Program Overview

Mission

Granting of scholarships to qualified accounting and business students

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
Investments in Publicly Traded Securities-$4,202,806-
Savings and Temporary Cash Investments$4,218,026$879,172▼ $3,338,854
Cash and Non-Interest-Bearing Accounts$285,539$500,605▲ $215,066
Prepaid Expenses and Deferred Charges-$224,124-
Accounts Receivable$319,717$105,370▼ $214,347
Pledges and Grants Receivable$25,000--
Total Assets$6,007,352$7,159,004▲ $1,151,652
Other Assets Total$1,159,070$1,246,927▲ $87,857
Liabilities
Deferred Revenue$898,963$1,424,904▲ $525,941
Accounts Payable and Accrued Expenses$470,405$1,010,859▲ $540,454
Other Liabilities$1,478,609$681,408▼ $797,201
Total Liabilities$2,847,977$3,117,171▲ $269,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,159,375$4,041,833▲ $882,458
Total Net Assets Fund Balance$3,159,375$4,041,833▲ $882,458
Total Liabilities and Net Assets / Fund Balance$6,007,352$7,159,004▲ $1,151,652

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,246,927--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Damian RiveraChief Executive OfficerFT$400,000$109,537$509,537
Selene BenavidesChief Financial OfficerFT$220,000$63,465$283,465
Jennylee RamosChief Operating OfficerFT$185,000$42,095$227,095
Jamelfrey PachecoDirector of OperationsFT$114,012$6,085$120,097
Zuhaly RamonDirector of MarketingFT$106,375$7,606$113,981
Melissa AlliDirector of Partnerships (thru 12/24)FT$100,850$139$100,989
Enna Jimenez Dir Thru 824Chief Devel. Officer (as of 8/24)FT$100,000-$100,000
Esperanza Perez ChiefInnovation & Technology OfficerFT$82,222$12,363$94,585

Board Members and Trustees

NameTitle
Anthony CurtisChair
Marcela Aldaz-matosImmediate Past Chair
Steven GonzalezVice Chair
Angelica UrquijoDirector
Aracely GodinezDirector
Chad WorkmanDirector
Dk BartleyDirector
Eneida RomanDirector
Ernest CordovaDirector
Eveka RodriguezDirector
Joel BencosmeDirector
Joel PerezDirector
Joseph LorettoDirector
Monica MarquezDirector
Nilza SerranoDirector
Patricia PachecoDirector
Sandra PattersonDirector
Marie RoblesSecretary
Ixchell DuarteTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bell Group Consulting LLCConsulting Services415 WOODCREST RD, Key Biscayne, FL 33149$896,590
Ginaly GonzalezAccount Management196 ROCK AVE, Park Ridge, NJ 07656$207,500
Esther AguileraContract Services624 POTOMAC AVE, Silver Spring, MD 20910$200,000
Katrina Purcell LLCConsulting Services150 E 18TH STREET APT 6B, Brooklyn, NY 11226$200,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,415,794
Program Service Revenue
$10,504,566
Investment Income
$258,217
Other Revenue
$0
All Other Contributions
$2,275,331
Change in Net Assets
$854,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,367,015
Salaries, Compensation, and Employee Benefits$2,639,864
Grants and Similar Amounts Paid$1,316,988
Total Fundraising Expense$20,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$4,865,319$359,394$20,000$5,244,713
Grants to Domestic Individuals$1,316,988--$1,316,988
Fees for Services Other$1,131,035$161,694-$1,292,729
Current Officers, Directors, Trustees, and Key Employees$485,873$728,809-$1,214,682
Other Salaries and Wages$468,518$702,777-$1,171,295
Information Technology$171,230$551,478-$722,708
Depreciation Depletion-$332,143-$332,143
Travel-$287,987-$287,987
Fees for Services Accounting-$161,212-$161,212
Advertising$84,229$62,985-$147,214
Payroll Taxes$58,196$87,293-$145,489
Other Employee Benefits$34,010$51,015-$85,025
Office Expenses$48,292$22,012-$70,304
All Other Expenses$73$40,413-$40,486
Fees for Services Legal-$40,399-$40,399
Insurance-$26,477-$26,477
Pension Plan Contributions$9,349$14,024-$23,373
Fees for Service Investment Mgmnt Fees-$643-$643
Total Functional Expenses$8,673,112$3,630,755$20,000$12,323,867
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$681,408
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Conflict-of-interest policy
Yes
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 7A

“The chief executive officer and chairperson of the association's board of directors will serve as directors of the foundation. All of the association's board of directors serve as directors of the foundation.”

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

“Per the 2017 bylaws, amendments to the foundation's bylaws require approval by majority vote of its related party alpfa, inc. Board.”

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

“Potential conflicts of interest are reviewed and determined at the board of directors level. The board of directors meets regularly to review and monitor the foundation's activities. All directors are covered by the conflict of interest policy. All directors shall submit a signed conflict of interest disclosure annually to the board. If a conflict arises, the director 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 2024.”

Form 990, Part VI, Section B, Line 15

“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 2024 for the ceo, cfo and other officers. The foundation does not have any key employees.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies and financial statements are available upon request. The foundation's form 990 and bylaws are available on the association's website.”

Filing and Contact Details

Filer

Filer Name
Alpfa Foundation Inc
EIN
86-1118036
Phone
8556925732
Address
3571 FAR WEST BLVD 3695, AUSTIN, TX 78731

Signing Officer

Name
Selene Benavides
Title
CFO
Phone
8556925732
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damian Rivera
Formed
2004
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
19
Employees
23
Volunteers
600

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
4747 EXECUTIVE DR SUITE 1300, SAN DIEGO, CA 92121
Preparer
Jane Coleman
Phone
8586271400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract/professional services: program service expenses 1,118,063. Management and general expenses 79,108. Fundraising expenses 0. Total expenses 1,197,171. Payroll services: program service expenses 12,972. Management and general expenses 19,458. Fundraising expenses 0. Total expenses 32,430. Professional development: program service expenses 0. Management and general expenses 63,128. Fundraising expenses 0. Total expenses 63,128.”

Financial Statement Notes

PART X, LINE 2:

“The association 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 (irc) and section 23701(e) of the revenues and taxation code of the state of california. The foundation operates as a nonprofit public benefit corporation under section 501(c)(3) of the irc 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 consolidated financial statements. 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 years ended december 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 734 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0LEADERSHIP DEVELOPMENT, CAREER ADVANCEMENT, AND COMMUNITY IMPACT ALPFA IS A LATINO CULTURALLY FOCUSED AND ALL-INCLUSIVE ORGANIZATION THAT EMPOWERS STUDENTS AND PROFESSIONALS OF ALL BACKGROUNDS TO RISE AS LEADERS IN EVERY SECTOR OF THE GLOBAL ECONOMY. THROUGH A NATIONAL NETWORK OF STUDENT AND PROFESSIONAL CHAPTERSINCLUDING MORE THAN 200 AT COMMUNITY COLLEGES, UNIVERSITIES, AND IVY LEAGUE SCHOOLSALPFA PROVIDES FREE AND LOW-COST PROGRAMS IN LEADERSHIP DEVELOPMENT, MENTORSHIP, CAREER READINESS, AND NETWORKING DESIGNED TO BUILD SKILLS, CONFIDENCE, AND CONNECTIONS. MULTI-DAY PROGRAMS SUCH AS THE NATIONAL CONVENTION, WOMEN OF ALPFA, REGIONAL STUDENT SYMPOSIA, AND TECHNOLOGY SUMMITS OFFER EXPERIENTIAL LEARNING, HANDS-ON LEADERSHIP TRAINING, COACHING, SCHOLARSHIPS, FELLOWSHIPS, AND DIRECT ACCESS TO INTERNSHIP AND EMPLOYMENT OPPORTUNITIES.ALPFA'S DIGITAL PLATFORM, ALPFA+, EXTENDS THESE BENEFITS NATIONWIDE, OFFERING FREE, COMMUNITY-BUILT LEARNING AND DEVELOPMENT CONTENT, PERSONALIZED MENTORSHIP, AND CAREER RESOURCES. THE ALPFA+ PLATFORM IS CREATED BY AND FOR THE COMMUNITY, SHOWCASING EXPERTS WHO SHARE KNOWLEDGE, MODEL LIFELONG LEARNING, AND DEMONSTRATE THE BEHAVIORS NEEDED FOR SUCCESS BEYOND THE CLASSROOM. THIS ENABLES STUDENTS TO LEARN DIRECTLY FROM ROLE MODELS AND APPLY NEW SKILLS IN THEIR CHAPTERS AND COMMUNITIES.THROUGH THESE EFFORTS, ALPFA IS BUILDING A SELF-REINFORCING LEADERSHIP ECOSYSTEMONE THAT EQUIPS STUDENTS TO LEARN, GROW, AND GIVE BACK AS PROFESSIONALS WHO UPLIFT THEIR FAMILIES, COMMUNITIES, AND THE WORLD.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF PARTNERSHIPS (THRU 12/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHIEF DEVEL. OFFICER (AS OF 8/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt7INNOVATION & TECHNOLOGY OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/MissionDesc0TO EMPOWER AND DEVELOP LATINO LEADERS OF CHARACTER FOR THE NATION, IN EVERY SECTOR OF THE GLOBAL ECONOMY, WHILE EMBRACING PEOPLE OF ALL BACKGROUNDS WHO SHARE THIS MISSION.
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