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Alfalit International, Inc.

Rating
Sector:

Relief and Development

Total
Revenue:

$2,764,790

Total
Expenses:

$2,704,081

Net
Assets:

$497,030

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.4% 97.5%
General & Admin 12.4% 0%
Fundraising 6.3% .2%
Savings 0% 2.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Alfalit International Inc. ("Alfalit") is an international, faith-based educational organization dedicated to eradicating illiteracy and strengthening the family by providing education and development opportunities to the needy. Alfalit programs include: literacy, elementary education, pre-school, community development and nutrition. The ministry serves Spanish-speaking and Portuguese-speaking adults and children in urban and rural areas. Alfalit has special programs for women and prison inmates. It also teaches people to read in indigenous languages. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:3026 NW 79th Avenue
Miami, FL
33122-3122
Website: www.alfalit.org
Phone:(305) 597-9077, (800) 410-2532
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 591595459
CEO/President: Mr. Robert Perez Tax Deductible: Yes
Chairman: Mr. Robert Perez Fiscal Year End: December 31
Board Size: 27 Financial info from: 990
Founder: Justo and Luisa Gonzalez Member of ECFA: Yes
Year Founded: 1961 Member of ECFA since: 1995

Purpose [ Back to top ]

Alfalit International Inc. ("Alfalit") is an international, faith-based educational organization dedicated to eradicating illiteracy and strengthening the family by providing education and development opportunities to the needy. Alfalit programs include: literacy, elementary education, pre-school, community development and nutrition. The ministry serves Spanish-speaking and Portuguese-speaking adults and children in urban and rural areas. Alfalit has special programs for women and prison inmates. It also teaches people to read in indigenous languages. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Need Mission Statement

Program Accomplishments [ Back to top ]

  • Alfalit has accomplished a system of education that encompasses literacy for adults, basic education for adults, preschool through primary for children, and community development.
  • They are currently working in 21 countries of the Americas and has representation in most of the others.
  • They have trained thousands of volunteer workers to be teachers in the area of literacy by raising their awareness of the great need for literacy in their countries.
  • They have benefited more than seven million adults and children.
  • Alfalit has published 60 titles and distributed several million copies of various books.

    Statement of Faith [ Back to top ]

    This profile needs a statement of faith

    History [ Back to top ]

    Alfalit International Inc. began in 1943 when Dr. Frank Laubach presented his literacy method in Latin America and Cuba. At the same time, Eulalia Cook, a Christian missionary, started a literacy campaign in Baguanos, Oriente, Cuba. In 1961 Eulalia Cook and Justo and Luisa Gonzalez found Alfalit in Alajuela, Costa Rica. In 1975 Alfalit International, Inc. is registered with the State of Florida on March 24 and the IRS recognizes it as a nonprofit on February 23. Founders of new corporation are: Eulalia Cook, Justo and Luisa Gonzalez, Roberto Perez, Robert and Jean Korner, and others. Roberto Perez becomes first President. In 1990 Alfalit had its first meetings with Ingvar Guldstrand, President of Läkarmissionen, Swedish Journal Social and Medical Foundation. In 1991 programs in El Salvador, Nicaragua, Honduras and Panama are reorganized, and Läkarmissionen gives its first financial support to the literacy programs in Latin America. In 1994 an agreement with Läkarmissionen is signed backing a 5-Year Literacy Program (1994-99) in El Salvador, Guatemala, Honduras, Nicaragua, and Panama. Also in that year, Literacy Project begins in Equatorial Guinea, Africa and Alfalit's Literacy Program are reorganized in Brazil, Argentina, Paraguay and Venezuela.

    Ministry Needs [ Back to top ]

    Alfalit gives the following as ministry needs:

    People called to serve God by serving their neighbor. Alfalit is open to all people, regardless of their denomination. Followers of Jesus who served us by His death on the cross and His resurrection are those who are needed to carry on His work.

    Resources for the preparation of:

    • Personal Suitable
    • Publications
    • Training

    Research Analysis

    Transparency Grade [ Back to top ]

    Transparency Grade of : B
    Criteria categoryGradeOther Comments
    Timeliness:80
    Financial Information:100
    Foundational Clarity:
    Level of Cooperation:
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    MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

    Ranking CategoryRatingOverall RankRelief and Development Sector
    Overall Efficiency RatingStarStarStarStarStar13 of 352    12 of 54
    Fund Acquisition DecisionStarStarStarStarStar29 of 352      13 of 54
    Resource Allocation DecisionStarStarStarStarStar8 of 352      6 of 54
    Asset Utilization DecisionStarStarStarStar67 of 352      16 of 54
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts9%0%1%2%0%0%
Fundraising Cost Ratio6%0%1%2%0%0%
Contributions Reliance83%92%98%100%0%0%
Fundraising Expense Ratio6%0%1%2%0%0%
Other Revenue Reliance17%8%2%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%100%99%91%0%0%
Spending Ratio100%98%105%105%0%0%
Program Output Ratio81%98%104%96%0%0%
Savings Ratio0%2%-5%-5%0%0%
Reserve Accumulation Rate2%13%-28%-27%0%0%
General & Admin Ratio12%0%0%7%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.57x3.48x5.1x5.49x0x0x
Degree of L-T Investment2.91x1.35x1.6x1.63x0x0x
Current Asset Turnover4.77x4.71x8.15x8.95x0x0x
Age of Assets9.5yr(s)7yr(s)6.3yr(s)4.7yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio122.32x2.04x2.04x6.74x0x0x
Current Liabilities Ratio.32x.49x.49x.15x0x0x
Liquid Reserve Level5.81x1.3x.75x1.14x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x.36x.31x.09x0x0x
Debt Ratio.06x0x0x0x0x0x
Reserve Coverage Ratio87%17%16%19%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$156,957$136,985$182,218$249,311$246,242
Receivables, Inventories & Prepaids$417,604$257,215$209,175$428,926$892,453
Short-Term Investments$0$0$0$0$0
Total Current Assets$574,561$394,200$391,393$678,237$1,138,695
Long-Term Investments$0$0$0$0$0
Fixed Assets$99,461$119,164$134,641$138,957$166,694
Other Long-Term Assets$104,043$116,416$112,120$24,307$0
Total Long-Term Assets$203,504$235,580$246,761$163,264$166,694
TOTAL ASSETS$778,065$629,780$638,154$841,501$1,305,389
Liabilities20072006200520042003
Payables & Accrued Expenses$281,035$193,459$58,085$78,817$127,665
Other Current Liabilities$0$0$0$4,121$40,799
Total Current Liabilities$281,035$193,459$58,085$82,938$168,464
Debt$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$19,756
Total Long-Term Liabilities$0$0$0$0$19,756
TOTAL LIABILITIES$281,035$193,459$58,085$82,938$188,220
Assets20072006200520042003
Unrestricted$190,597$129,888$430,541$452,130$623,757
Temporarily Restricted$306,433$306,433$149,528$306,433$493,412
Permanently Restricted$0$0$0$0$0
NET ASSETS$497,030$436,321$580,069$758,563$1,117,169
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$2,533,077$3,010,725$3,317,981$4,635,631$4,959,935
Program Service Revenue$228,066$55,909$2,324$16,083$22,411
Membership Dues$0$0$0$0$0
Investment Income$3,647$4,517$3,499$2,404$1,916
Other Revenue$0$0$0$0$0
Total Other Revenue$231,713$60,426$5,823$18,487$24,327
TOTAL REVENUE$2,764,790$3,071,151$3,323,804$4,654,118$4,984,262
Expenses20072006200520042003
Program Services$2,696,972$3,195,657$3,194,118$4,819,210$4,371,898
Management & General$0$0$235,536$193,514$164,744
Fundraising$7,109$16,954$72,644$0$11,659
TOTAL EXPENSES$2,704,081$3,212,611$3,502,298$5,012,724$4,548,301
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)$60,709($141,460)($178,494)($358,606)$435,961
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$60,709($141,460)($178,494)($358,606)$435,961

Functional Expenses [ Back to top ]

Funding Ratios20072006200520042003
Grants & Allocations$811,538$1,658,215$2,199,812$3,842,665$3,218,136
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$750,195$791,994$0$0$0
Other Salaries, Wages$0$0$652,204$562,299$704,380
Pension Plan Contributions$0$0$0$0$0
Other Employee Benefits$52,296$59,832$62,251$54,759$39,779
Payroll Taxes$7,582$36,180$33,359$43,372$57,788
Professional Fundraising Fees$71,727$0$0$0$11,659
Accounting Fees$98,882$72,891$143,745$124,676$107,124
Legal Fees$52,960$6,954$13,104$7,038$6,045
Supplies$311,838$93,596$7,445$9,275$5,677
Telephone$42,338$44,244$36,147$31,793$36,658
Postage & Shipping$24,182$9,603$10,751$11,745$4,611
Occupancy$85,386$115,938$91,845$112,992$82,575
Equipment Rental & Maintenance$0$0$0$0$56,295
Printing & Publications$8,763$3,090$0$0$0
Travel$67,629$73,117$75,809$62,145$99,659
Conferences, Conventions & Meetings$0$0$0$0$8,159
Interest$2,781$2,289$0$0$0
Depreciation, Depletion etc.$47,309$45,097$50,987$46,720$38,571
Other Expenses$268,675$201,860$124,839$103,245$71,185
TOTAL NATURAL EXPENSES$2,704,081$3,214,900$3,502,298$5,012,724$4,548,301