New America Alliance Inc
- Assets
- $875.8k
- Revenue
- $686.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 54-2036215
Organization Overview
New America Alliance Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, New America Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New America Alliance 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 12/2023, New America Alliance Inc generated $686.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $711.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW AMERICA ALLIANCE IS A 501(C)(6) ORGANIZATION OF AMERICAN LATINO BUSINESS LEADERS UNITED TO PROMOTE THE ECONOMIC ADVANCEMENT OF THE AMERICAN LATINO COMMUNITY, WITH A FOCUS ON ECONOMIC AND POLITICAL EMPOWERMENT, AND PUBLIC ADVOCACY TO IMPROVE THE QUALITY OF LIFE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL NATIONAL TOUR IS NAA'S SERIES FLAGSHIP EVENT CONVENING CEO'S, ENTREPRENEURS, TOP BUSINESS LEADERS, HIGH-RANKING GOVERNMENT OFFICIALS, AND OTHER THOUGHT-LEADERS TO DISCUSS AMERICAN LATINO PARTICIPATION IN BUILDING THE ECONOMIC VITALITY OF OUR NATION. THE GOAL IS TO EQUIP THE NATION'S BUSINESS LEADERS WITH THE KNOWLEDGE AND NETWORK TO ACCESS AND ADDRESS THE GROWING IMPORTANCE OF THE AMERICAN LATINO COMMUNITY ON THE US ECONOMY. THE NATIONAL TOUR PROVIDES AN OPPORTUNITY FOR PARTICIPANTS TO LEARN MORE AND ENGAGE IN EXPANDING THE INFLUENCE AND PARTICIPATION OF AMERICAN LATINOS IN PUBLIC AND PRIVATE FINANCIAL INSTITUTIONS, INCREASING AMERICAN LATINO CONTROL OF CAPITAL AND ACCESS TO CAPITAL MARKETS, AND FINANCING FOR GROWING AMERICAN LATINO BUSINESS. NAA WORKS TO IDENTIFY NEW MARKET OPPORTUNITIES AND PROMOTE DIVERSITY IN OUR NATION'S CORPORATE, FOUNDATION, AND NONPROFIT BOARDROOMS. WE ALSO INVEST IN THE IDENTIFICATION, RECRUITMENT, AND RETENTION OF YOUNG AMERICAN LATINOS IN HIGHER EDUCATION SO THAT THEY CAN DEVELOP CAREERS AND LEADERSHIP IN THE FINANCIAL SERVICES, CORPORATE, AND PUBLIC SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anyori Hernandez Chief Executive Officer | Officer | 40 | $385,000 |
Jerry Arzu Board Member | Trustee | 5 | $0 |
Robert Azeke Board Member | Trustee | 5 | $0 |
Milton Berlinski Board Member | Trustee | 5 | $0 |
Fernando Guerrero Board Member | Trustee | 5 | $0 |
Sang Gupta Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,411 |
| Total Program Service Revenue | $428,325 |
| Investment income | $0 |
| 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 | $686,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,876 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $529 |
| Fees for services: Accounting | $24,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,511 |
| Advertising and promotion | $5,284 |
| Office expenses | $24 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,458 |
| Travel | $1,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,095 |
| All other expenses | $5,040 |
| Total functional expenses | $710,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $608,445 |
| Accounts receivable, net | $100 |
| 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 | $9,974 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,801 |
| Accounts payable and accrued expenses | $29,741 |
| Grants payable | $0 |
| Deferred revenue | $325,000 |
| 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 | $11,499 |
| Total liabilities | $366,240 |
| Net assets without donor restrictions | $335,843 |
| Net assets with donor restrictions | $173,718 |
| 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 | $875,801 |