Alpfa Inc
- Assets
- $2.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Austin, TX
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 32-0178401
Organization Overview
Alpfa Inc is located in Austin, TX. The organization was established in 2006. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Alpfa Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpfa Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Alpfa Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER AND DEVELOP LATINO MEN AND WOMEN AS LEADERS OF CHARACTER FOR THE NATION, IN EVERY SECTOR OF THE GLOBAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING 45 PROFESSIONAL CHAPTERS AND APPROXIMATELY 160 STUDENT PROFESSIONAL AND STUDENT MEMBERS ACROSS THE COUNTRY. IN ADDITION TO NETWORKING AND PROFESSIONAL LEADERSHIP DEVELOPMENT OPPORTUNITIES, OUR MEMBERS HAVE ACCESS TO 50,000 PAID SUMMER INTERNSHIPS THROUGH HUNDREDS OF FORTUNE 1000 CORPORATE PARTNERS. WE ASPIRE TO BE THE BUSINESS PARTNER OF CHOICE FOR COMPANIES SEEKING TO HIRE AND DEVELOP LATINO TALENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Rivera CEO | Officer | 50 | $362,035 |
Selene Benavides CFO | Officer | 40 | $170,576 |
Justin Lopez COO | Officer | 40 | $142,760 |
Jennifer Paulino Director Of Business Development And Partnerships | 40 | $113,035 | |
Cydya J Thomas Student Operations And Initiatives Manager | 40 | $112,218 | |
Ann Marquez Director, Talent, Purpose Ann Belonging | 40 | $111,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $242,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,362 |
| Total Program Service Revenue | $4,112,810 |
| Investment income | $1,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,356,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,930 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $762,651 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $995,943 |
| Pension plan accruals and contributions | $30,148 |
| Other employee benefits | $93,707 |
| Payroll taxes | $138,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,843 |
| Fees for services: Accounting | $84,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $373,193 |
| Advertising and promotion | $55,172 |
| Office expenses | $18,894 |
| Information technology | $15,613 |
| Royalties | $0 |
| Occupancy | $1,000 |
| Travel | $92,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $634,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467 |
| Insurance | $19,148 |
| All other expenses | $82,259 |
| Total functional expenses | $3,675,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,172,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $141,880 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700,109 |
| Total assets | $2,203,417 |
| Accounts payable and accrued expenses | $551,059 |
| Grants payable | $0 |
| Deferred revenue | $687,212 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $222,937 |
| Total liabilities | $1,461,208 |
| Net assets without donor restrictions | $701,313 |
| Net assets with donor restrictions | $40,896 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,203,417 |
Grants Awarded
Over the last fiscal year, Alpfa Inc has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY - UNIVERSITY EVENT MANAGEMENT PURPOSE: PROGRAM SERVICES | $10,000 |
Boston, MA PURPOSE: PROGRAM SERVICES | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpfa Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Armanino Foundation San Ramon, CA PURPOSE: GENERAL ASSISTANCE | $16,000 |
Endowment Analysis
| Beg. Balance | $36,220 |
| Earnings | $4,676 |
| Ending Balance | $40,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Choral Directors Oklahoma City, OK | $6,300,966 | $4,541,805 |
Radio Advertising Bureau Inc Irving, TX | $1,650,812 | $4,069,423 |
Alpfa Inc Austin, TX | $2,203,417 | $4,356,739 |
Texas Society Of Architects Austin, TX | $4,439,706 | $3,150,924 |
Houston Chapter American Institute Of Architects Houston, TX | $892,719 | $1,154,952 |
Womans Club Of Fort Worth Inc Fort Worth, TX | $3,875,727 | $886,310 |
Austin Chapter American Institute Of Architects Austin, TX | $1,324,649 | $1,027,697 |
Texas Press Association Austin, TX | $5,049,090 | $467,941 |
The American Coaster Enthusiasts Inc Grand Prairie, TX | $1,478,767 | $574,861 |
Louisiana Capital Certified Development Company Inc Lafayette, LA | $812,930 | $535,000 |
American Association Of Community Theatre Fort Worth, TX | $1,370,360 | $604,610 |
Aia Louisiana Baton Rouge, LA | $919,756 | $575,971 |