Alpfa Foundation Inc
- Assets
- $639.2k
- Revenue
- $957.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 86-1118036
Organization Overview
Alpfa Foundation Inc is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpfa Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alpfa Foundation Inc generated $957.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 65.4% each year . All expenses for the organization totaled $688.5k during the year ending 12/2021. While expenses have increased by 34.4% 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
GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING OF SCHOLARSHIPS TO QUALIFIED ACCOUNTING AND BUSINESS STUDENTS AND PROVIDING NETWORK, MENTORING AND EDUCATIONAL PROGRAMS TO STUDENTS AND PROFESSIONALS AT ALL CAREER LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Rivera CEO | OfficerTrustee | 1 | $0 |
Aracely Godinez Treasurer | OfficerTrustee | 1 | $0 |
Marcela Aldaz Matos Chair | OfficerTrustee | 1 | $0 |
Marie J Robles Secretary | OfficerTrustee | 1 | $0 |
Selene Benavides CFO | Officer | 1 | $0 |
Ixchell Duarte Vice Chair | Trustee | 1 | $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 | $957,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $957,384 |
| Total Program Service Revenue | $0 |
| Investment income | $28 |
| 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 | $957,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $661,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $74 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,325 |
| All other expenses | $852 |
| Total functional expenses | $688,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,350 |
| 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 | $6,479 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,937 |
| Total assets | $639,234 |
| Accounts payable and accrued expenses | $223 |
| Grants payable | $0 |
| Deferred revenue | $165,667 |
| 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 | $0 |
| Total liabilities | $165,890 |
| Net assets without donor restrictions | $473,344 |
| Net assets with donor restrictions | $0 |
| 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 | $639,234 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Alpfa Foundation Inc has recieved totaling $583,268.
| Awarding Organization | Amount |
|---|---|
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO PROVIDE PROGRAMMING, DEVELOPMENT AND TRAINING OPPORTUNITIES TO LATINX COMMUNITIES. | $250,000 |
Synchrony Foundation Stamford, CT PURPOSE: FUNDS USED TO SUPPORT SCHOLARSHIPS. | $150,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $115,000 |
Rsm Us Foundation Davenport, IA PURPOSE: SCHOLARSHIPS | $20,000 |
Association Of International Certified Professional Accountants Durham, NC PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |