New America Alliance Inc
Nonprofit profile at a glance
- EIN
- 542036215
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 9162046346
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $1,198,378
- Expenses
- $1,246,239
- Assets
- $863,105
- Liabilities
- $76,499
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Anyori Hernandez (Chief Executive Officer)
Highest reported compensation
- Anyori Hernandez (Chief Executive Officer): $327,916 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New America Alliance is a 501(c)(6) organization of Amiercan 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.
What it reported doing in 2024
This year, we transformed how institutional investors connect by launching innovative virtual CIO and asset class events, which brought West Coast public pension plans together with our members. These sessions fostered meaningful dialogue, opened new doors of opportunity, and set the stage for even greater achievements ahead. We also introduced the New America Alliance Quarterly Webinar Series, titled The Playbook. This dynamic platform brought together industry leaders, fund managers, and service providers to explore the nuanced aspects of successfully raising a fund and scaling a firm. Each session offered engaging discussions, practical insights, and comprehensive analyses from seasoned professionals on the strategies, challenges, and best practices of the fund management ecosystem.International Mexico City Symposium: A gathering of 450 distinguished allocators, asset managers, and civi leaders from across the Americas. This landmark event brought together U.S. public pension plans, Mexican AFORES (Administradoras de Fondos para el Retiro), Latin American AFPs (Administradoras de Fondos de Pensiones), family offices, and premier investment professionals in an unprecedented collaboration.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 28
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 26.3%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -22.8% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -3.3% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -4.9% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $328K · 18 people listed · 1 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.