Alaska Federation of Filipino Americans Inc
Nonprofit profile at a glance
- EIN
- 721572604
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2011
- Location
- Anchorage, AK, USA
- Phone
- 9072278842
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $122,845
- Expenses
- $106,493
- Assets
- $108,800
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MaryAnn Ganacias (President)
People named in this filing
- Rafael Apostol (Property Manager)
- MaryAnn Ganacias (President)
- Elsa Sargento (Board of Directors Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To increase civic awareness, enhance social responsibility and community leadership, to attain a high quality of life for all the Filipino Americans in Alaska by working together within the community. The object and purposes: To provide assistance to charitable institutions providing social services in Alaska and to needy individuals in distress or suffered loss due to fortuitous events or calamity. To provide leadership, educational and literary training to the youth and adults. To perpetuate Filipino values and cultural heritage through educational and instructional practices. Provide scholarship assistance to deserving individuals. to name a few.
What it reported doing in 2024
Other Activities and Expenses for General & Administrative (Storage Rental, Postage & Websites, Office Equipment & Supplies, Insurance, BOD & General Memberships meeting, Advertising & representation, Membership events (picnic, Appreciation,& Christmas), State Taxes & Licenses Fees, Charitable Donations, Financial Assistance, Hospitality, Scholarship. Revenue - Net Proceeds from Bingo -$59,517.27 & Miscellaneous Receipts and Bank Interests. $2,224.08
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 82
- Accountability: 70
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.3%; rating input score 43
- Program expense ratio: 49.9%; rating input score 50
- Fundraising efficiency: $0.09 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.3%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 1.02; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 30.9% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 31% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 26.3% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 43.3% of revenue deployed · 49.9% of spending went to programs
- Governance: 178 of 11 board members independent · 2 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 31 of 33 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 3/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.