| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
||||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 1,080,184 | 1,294,465 | 1,810,653 | 1,750,615 | 2,383,748 | 8,319,665 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 1,080,184 | 1,294,465 | 1,810,653 | 1,750,615 | 2,383,748 | 8,319,665 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 1,755,120 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 6,564,545 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 1,080,184 | 1,294,465 | 1,810,653 | 1,750,615 | 2,383,748 | 8,319,665 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 582 | 675 | 1,257 | |||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 2,900 | 2,900 | ||||
| 11 | Total support. Add lines 7 through 10 | 8,323,822 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6 | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | ||||||
| c | Add lines 10a and 10b | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6Total annual distributions. Add lines 1 through 5. | 6 | |
|
7
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
7 | |
| 8 Distributable amount for 2025 from Section C, line 6 | 8 | |
| 9 Line 7 amount divided by Line 8 amount | 9 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2025 |
(iii) Distributable Amount for 2025 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2025 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2025 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2025: | ||||
| a From 2020....... | ||||
| b From 2021....... | ||||
| c From 2022....... | ||||
| d From 2023....... | ||||
| e From 2024....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2025 distributable amount | ||||
|
i
Carryover from 2020 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2025 from Section D, line 6: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2025 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2025, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2025. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2026. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2021..... | ||||
| b Excess from 2022..... | ||||
| c Excess from 2023..... | ||||
| d Excess from 2024..... | ||||
| e Excess from 2025..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART II, LINE 10 | OTHER INCOME 2,900 |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | WE ARE ALX IS A STATEWIDE NONPROFIT ORGANIZATION DEDICATED TO STRENGTHENING ECONOMIC MOBILITY, LEADERSHIP REPRESENTATION, AND LONG-TERM PROSPERITY ACROSS MASSACHUSETTS BY ADVANCING LATINO ENTREPRENEURSHIP, WORKFORCE PARTICIPATION, CIVIC LEADERSHIP, AND ECONOMIC INCLUSION. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE ORGANIZATION OPERATES AT THE INTERSECTION OF ECONOMIC COMPETITIVENESS AND COMMUNITY ADVANCEMENT, WORKING TO ENSURE THAT LATINO INDIVIDUALS, ENTREPRENEURS, AND FAMILIES ARE FULLY POSITIONED TO PARTICIPATE AND CONTRIBUTE TO THE COMMONWEALTH'S ECONOMIC FUTURE. THROUGH LEADERSHIP DEVELOPMENT, SMALL BUSINESS SUPPORT, STRATEGIC COVENINGS, RESEARCH, ECOSYSTEM BUILDING, AND CROSS-SECTOR PARTNERSHIPS, WE ARE ALX ADVANCES SOLUTIONS DESIGNED TO STRENGTHEN BOTH INDIVIDUAL AND BROADER STATEWIDE ECONOMIC VITALITY. THE ORGANIZATION HAS BUILT A NETWORK OF OVER 10K INDIVIDUALS AND THE PROGRAMS AMPLIFY ECONOMIC, LEADERSHIP, AND POLICY OUTCOMES WHILE FORTIFYING COMMUNITY FOUNDATIONS AND INFRASTRUCTURAL ECOSYSTEMS. ECONOMIC PROSPERITY IS WHERE LATINO ENTREPRENEURS AND BUSINESSES INTERSECT WITH THE RESOURCES AND SUPPORT PROVIDED BY ALX TO BUILD GENERATIONAL WEALTH AND POWER ECONOMIC GROWTH AND OPPORTUNITY. THROUGH CULTURALLY-RELEVANT PROGRAMS AND STRATEGIC SUPPORT, WE EMPOWER LATINO-OWNED BUSINESSES TO OVERCOME BARRIERS, ACCESS CAPITAL, AND SCALE SUSTAINABLY. BY CHAMPIONING ECONOMIC GROWTH, WE ARE INVESTING IN A HIGHLY-SKILLED AND INCREASINGLY DIVERSE WORKFORCE- STRENGTHENING THE ECONOMIC FUTURE OF MASSACHUSETTS FOR EVERYONE. LEADERSHIP AND REPRESENTATION DRIVE TRANSFORMATIVE CHANGE, WHERE LATINO VOICES CONVERGE WITH VISIBILITY AND INFLUENCE TO SHAPE A MORE EQUITABLE FUTURE. BY ELEVATING EMERGING AND ESTABLISHED LEADERS AND AMPLIFYING LATINO AMERICAN IMPACT THROUGH PLATFORMS LIKE THE ALX100, ALX TALKS, AND DIGITAL VISIBILITY CAMPAIGNS, WE SHINE A SPOTLIGHT ON THE TALENT AND POWER WITHIN OUR COMMUNITY. THROUGH OUR LEADERSHIP AND VISIBILITY EFFORTS, WE ARE RESHAPING NARRATIVES AND FOCUSING ON THE POSITIVE IMPACT LATINO AMERICANS ARE MAKING TODAY. POLICY AND ADVOCACY ARE WHERE LATINO COMMUNITY NEEDS AND SYSTEMIC CHANGE MEET, WITH ALX CHAMPIONING POLICIES THAT MAKE MASSACHUSETTS MORE COMPETITIVE AND EQUITABLE. ALX HAS VERY STRONG RELATIONSHIPS WITHIN THE LATINO COMMUNITY AND MASSACHUSETTS GOVERNMENT- MAKING US UNIQUELY QUALIFIED TO BRIDGE GAPS IN A CULTURALLY-RELEVANT AND EFFECTIVE MANNER. THROUGH COLLABORATION WITH COALITIONS AND PARTNERS, WE TRANSFORM ADVOCACY INTO ACTION, CREATING LASTING IMPACT THAT STRENGTHENS THE SOCIAL AND ECONOMIC FABRIC OF MASSACHUSETTS. 2025 ACHIEVEMENT HIGHLIGHTS DURING 2025, THE ORGANIZATION CONTINUED EXPANDING ITS STATEWIDE BUSINESS AND LEADERSHIP INTIATIVES, WITH PARTICULAR FOCUS ON GATEWAY CITIES AND UNDERSERVED ENTREPRENEURIAL ECOSYSTEMS IN LOW-INCOME AND DISADVANTAGED COMMUNITIES. WE ARE ALX SPONSORED HUNDREDS OF PRIMARILY LATINO-OWNED BUSINESSES THROUGH TECHNICAL ASSISTANCE, DIGITAL TRANSFORMATION SUPPORT, ECOSYSTEM NAVIGATION, AND LEADERSHIP PROGRAMMING DESIGNED TO HELP BUSINESSES STABLILIZE, GROW, AND SCALE. IN 2025: 601 BUSINESSES PARTICIPATED IN THE ALX BUSINESS NETWORK; 393 LATINO-OWNED BUSINESSES RECEIVED DIRECT SUPPORT; 75% OF PARTICIPATING BUSINESSES INTEGRATED INNOVATION AND/OR DIGITAL TRANSFORMATION STRATEGIES; 72% REPORTED CREATING NEW JOBS; 78% REPORTED RETAINING EXISTING JOBS; THE ORGANIZATION DELIVERED MORE THAN 3,900 HOURS OF DIRECT BUSINESS SUPPORT AND TECHNICAL ASSISTANCE. THE ORGANIZATION ALSO CONTINUED INVESTING IN LEADERSHIP REPRESENTATION INITIATIVES DESIGNED TO INCREASE LATINO PARTICIPATION IN PUBLIC AND PRIVATE LEADERSHIP, BOARDS, AND COMMISSIONS, CIVIC ENGAGEMENT, AND STATEWIDE INFLUENCE NETWORKS. ADDITIONALLY, WE ARE ALX CONTINUED ADVANCING ITS FOCUS ON CHILDCARE SUSTAINABILITY AS ECONOMIC INFRASTRUCTURE THROUGH INTIATIVES SUPPORTING FAMILY CHILDCARE PROVIDERS AND ENTREPRENEURS. THE ORGANIZATION RECOGNIZES THAT STABLE CHILDCARE ECOSYSTEMS CONTRIBUTE DIRECTLY TO WORKFORCE PARTICIPATION, ECONOMIC PRODUCTIVITY, AND FAMILY ECONOMIC SECURITY ACROSS MASSACHUSETTS. THROUGHOUT 2025, WE ARE ALX ALSO CONTINUED INTEGRATING TECHNOLOGY AND INNOVATION INTO ITS PROGRAMMATIC MODEL, INCLUDING EFFORTS TO EXPAND DIGITAL BUSINESS CAPABILTIES AND EXPLORE THE RESPONSIBLE INTEGRATION OF ARTIFICIAL INTELLIGENCE AND DATA-INFORMED TOOLS TO DEMOCRATIZE ACCESS TO EXPERTISE AND STREGTHEN LONG-TERM SMALL BUSINESS COMPETITIVENESS. |
| FORM 990, PAGE 6, PART VI, LINE 4 | DURING 2025, THE ORGANIZATION CONTINUED STRENGTHENING ITS FINANCIAL AND OPERATIONAL INFRASTRUCTURE TO SUPPORT LONG-TERM SUSTAINABILITY AND SCALABLE STATEWIDE IMPACT. THIS INCLUDED ENHANCEMENTS TO FINANCIAL FORECASTING SYSTEMS, OPERATIONAL PLANNING PROCESSES, TECHNOLOGY INTERGRATION, AND ORGANIZATIONSL INFRASTRUCTURE INTENDED TO SUPPORT FUTURE GROWTH AND IMPROVED STEWARDSHIP. THE ORGANIZATION ALSO UNDERTOOOK STRATEGIC OPERATIONAL ASSESSMENTS AND PLANNING ACTIVITIES DESIGNED TO ALIGN STAFFING, SYSTEMS, AND PROGRAMMATIC INVESTMENTS WITH LONG-TERM ORGANIZATIONAL PRIORITIES AND EVOLVING FUNDING CONDITIONS WITHIN THE NONPROFIT SECTOR. AS PART OF THESE EFFORTS, WE ARE ALX CONTINUED EXPANDING MULTI-YEAR FINANCIAL PLANNING, STRENTHENING GRANT FORECASTING METHODOLOGIES, AND INVESTING IN OPERATIONAL SYSTEMS INTENDED TO IMPROVE ORGANIZATIONAL EFFICIENCY, ACCOUNTABILITY, AND LONG-TERM RESILIENCE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | BOARD ELECTIONS ARE HELD ANNUALLY WITH A FULL BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 7B | ALL DECISIONS THAT NEED BOARD APPROVAL ARE VOTED ON AT BOARD MEETINGS AND DOCUMENTED IN THE BOARD MINUTES. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE ORGANIZATION'S FORM 990 WAS PREPARED IN COLLABORATION WITH THE ORGANIZATION'S EXTERNAL ACCOUNTING AND TAX PROFESSIONALS AND REVIEWED BY SENIOR LEADERSHIP. PRIOR TO FILING, THE COMPLETE FORM 990 WAS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW, COMMENT, AND APPROVAL. BOARD MEMBERS WERE PROVIDED THE OPPORTUNITY TO ASK QUESTIONS AND PROVIDE FEEDBACK BEFORE THE RETURN WAS FINALIZED AND SUBMITTED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES. BOARD MEMBERS AND APPLICABLE PERSONNEL ARE EXPECTED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS AND AS CIRCUMSTANCES ARISE. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, THE INTERESTED RECUSES THEMSELVES FROM DISCUSSION AND VOTING RELATED TO THE MATTER IN ACCORDANCE WITH ORGANIZATIONAL POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR AN AUTHORIZED COMMITTEE OF INDEPENDENT MEMBERS. IN DETERMINING COMPENSATION, THE ORGANIZATION CONSIDERS COMPARABILITY DATA FROM SIMILARLY SITUATED NONPROFIT ORGANIZATIONS, ORGANIZATIONAL SIZE AND COMPLEXITY, REGIONAL MARKET CONDITIONS, AND THE EXECUTIVE'S RESPONSIBILITIES AND EXPERIENCE. THE REVIEW AND APPROVAL PROCESS IS CONTEMPORANEOUSLY DOCUMENTED. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SALARY APPROVED BY BOARD OF DIRECTORS BASED ON A BENCHMARK REVIEW CONDUCTED BY AN OUTSIDE CONSULTANT AND BOARD MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AND AS OTHERWISE REQUIRED BY LAW. CERTAIN ORGANIZATIONAL AND FINANCIAL INFORMATION IS ALSO MADE PUBLICLY AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE AND APPLICABLE NONPROFIT REPORTING PLATFORMS. |
| FORM 990, PART IX, LINE 11G | CONSULTANTS 310,986 122,905 0 |
| Software ID: | |
| Software Version: |