Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALPFA, INC HAS TWO CLASSES OF MEMBERS, DESIGNATED AS GENERAL MEMBERS AND STUDENT MEMBERS. ALL MEMBERS SHALL BE NATURAL PERSONS AND, EXCEPT FOR STUDENT MEMBERS, SHALL BE AT LEAST 18 YEARS OF AGE. GENERAL MEMBERS SHALL HAVE THE RIGHT TO ATTEND ALL MEMBER MEETINGS AND THE RIGHT TO VOTE, AS SET FORTH IN THESE BYLAWS, ON THE ELECTION OF DIRECTORS, AT LARGE DIRECTORS, DISPOSITION OF ALL OR SUBSTANITALLY ALL OF THE ASSETS OF THE ORGANIZATION, ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY MATERIAL AMENDMENT OF THOSE TERMS, ON ANY ELECTION TO DISSOLVE THE ORGANIZATION AND ON ALL OTHER MATTERS SUBMITTED TO A VOTE OF THE MEMBERS WHETHER OR NOT REQUIRED BY LAW. STUDENT MEMBERS ARE ENTITLED TO VOTE FOR A STUDENT MEMBER DIRECTOR AS LONG AS THE STUDENT MEMBER IS AT LEAST 18 YEARS OF AGE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT ITS GOVERNING BODY. THE VOTING MEMBERS INCLUDE THE GENERAL MEMBERS AND STUDENT MEMBERS OVER 18 YEARS OF AGE. THE CHAIRMAN, THE VICE CHAIRMAN, THE CHIEF FINANCIAL OFFICER OR TREASURER AND THE SECRETARY ARE ELECTED TO THE BOARD BY THE GENERAL MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7B | GENERAL MEMBERS SHALL HAVE THE RIGHT TO ATTEND ALL MEMBER MEETINGS AND THE RIGHT TO VOTE, AS SET FORTH IN THESE BYLAWS, ON THE ELECTION OF DIRECTORS, AT LARGE DIRECTORS, DISPOSITION OF ALL OR SUBSTANITALLY ALL OF THE ASSETS OF THE ORGANIZATION, ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY MATERIAL AMENDMENT OF THOSE TERMS, ON ANY ELECTION TO DISSOLVE THE ORGANIZATION AND ON ALL OTHER MATTERS SUBMITTED TO A VOTE OF THE MEMBERS WHETHER OR NOT REQUIRED BY LAW. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY MANAGEMENT, THEN THE FORM 990 IS MADE AVAILABLE FOR REVIEW TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12 | THE ORGANIZATION IS IN THE PROCESS OF FINALIZING ITS WRITTEN CONFLICT OF INTEREST POLICY AND IMPLEMENTING PROCESSES TO CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE THEREWITH. THE ORGANIZATION IS ALSO IN THE PROCESS OF FINALIZING ITS DOCUMENT RETENTION AND DESTRUCTION POLICIES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ALPFA NATIONAL BOARD OF DIRECTORS (BOD) PERFORMED A NATIONAL EXECUTIVE SEARCH FOR ITS CEO IN 2018, WHICH RESULTED IN DAMIAN F. RIVERA BEING SELECTED AS CEO IN AUGUST 2018. THE BOD FORMED A SEARCH COMMITTEE, COMPRISED OF TWO BOD MEMBERS AND FOUR NATIONAL CORPORATE ADVISORY BOARD (CAB) MEMBERS. THE SEARCH COMMITTEE EXECUTED THE COMPREHENSIVE SEARCH, WHICH INCLUDED FRAMING CRITERIA FOR APPLICANTS AND THE INITIAL SCREENING VIA INTERVIEWS, AFTER THE BOD AND CAB PROVIDED THE POOL OF POTENTIAL CANDIDATES. IN ADDITION, THE BOD SECURED THE SERVICES OF EXECUTIVE LEGAL COUNSEL TO NEGOTIATE THE CEO EMPLOYMENT AGREEMENT DIRECTLY WITH THE CANDIDATE, IN CONJUNCTION WITH THE BOD CHAIRPERSON, ONCE THE SEARCH WAS COMPLETED. THE FULL BOD PARTICIPATED IN THE SECONDARY INTERVIEW AND REVIEW PROCESSES AND APPROVED THE NEGOTIATED CEO EMPLOYMENT CONTRACT ONCE IT WAS FINALIZED BY ITS EXTERNAL LEGAL COUNSEL. UPON COMPLETION OF THE CEO SEARCH, THE BOD IMPLEMENTED A FRAMEWORK TO ADDRESS COMPENSATION REVIEW AND COMPARISON, PERFORMANCE EVALUATION, AND SUCCESSION PLANNING FOR THE CEO POSITION. THIS PROCESS IS DOCUMENTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR VIEWING ON THE ORGANIZATION'S WEBSITE. POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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