Alfalit International, Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/3/2021. To update the information in this column, please email: info@ministrywatch.com


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. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
3026 NW 79th Avenue
Doral, FL 33122-3122

Website: www.alfalit.org

Phone: (305) 597-9077

Email: alfalit@alfalit.org


Organization details

EIN: 591595459

CEO/President: Rev. Roberto Perez

Chairman: Joseph Milton

Board size: 14

Founder: Eulalia Cook, Justo and Luisa Gonzalez

Year founded: 1961

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

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. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating274 of 81728 of 69
Fund acquisition rating472 of 81742 of 69
Resource allocation rating404 of 81734 of 69
Asset utilization rating127 of 81715 of 69

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%8%8%7%6%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%8%8%7%6%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%100%100%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%8%8%7%6%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%0%0%1%0%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%86%86%85%88%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%99%96%99%100%93%
Program output ratio Program output ratio =
Program services /
Total revenue
84%84%83%84%88%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%1%4%1%0%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%6%19%5%1%32%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%6%6%8%7%8%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.863.894.134.064.233.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.371.481.151.561.711.14
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.935.774.746.327.243.75
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.4660.4741.5031.8612.273.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.020.020.030.080.27
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.072.052.471.841.522.34
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%1%2%2%5%24%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
42%25%24%24%23%23%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$715,815$733,459$266,818$259,292$412,588
Receivables, inventories, prepaids$168,721$351,856$379,054$211,965$612,258
Short-term investments$0$0$0$100,977$95,898
Other current assets$0$0$0$0$0
Total current assets$884,536$1,085,315$645,872$572,234$1,120,744
Long-term investments$0$0$0$0$0
Fixed assets$104,625$111,835$124,698$137,562$151,653
Other long-term assets$322,569$50,958$235,958$270,251$0
Total long-term assets$427,194$162,793$360,656$407,813$151,653
Total assets$1,311,730$1,248,108$1,006,528$980,047$1,272,397
 
Liabilities20192018201720162015
Payables and accrued expenses$14,627$26,150$20,275$46,646$300,630
Other current liabilities$0$0$0$0$0
Total current liabilities$14,627$26,150$20,275$46,646$300,630
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$14,627$26,150$20,275$46,646$300,630
 
Net assets20192018201720162015
Unrestricted$1,264,049$1,173,604$937,167$905,391$845,287
Temporarily restricted$33,054$48,354$49,086$28,010$126,480
Permanently restricted$0$0$0$0$0
Net assets$1,297,103$1,221,958$986,253$933,401$971,767
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,168,387$5,373,039$4,131,313$4,126,552$4,507,039
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$11,063$11,473$3,917$23,474$6,218
Other revenue$0$0$0$0$0
Total other revenue$11,063$11,473$3,917$23,474$6,218
Total revenue$5,179,450$5,384,512$4,135,230$4,150,026$4,513,257
 
Expenses20192018201720162015
Program services$4,376,375$4,450,807$3,464,343$3,634,525$3,723,599
Management and general$322,153$290,839$324,619$269,402$318,738
Fundraising$405,777$407,161$293,416$238,843$157,946
Total expenses$5,104,305$5,148,807$4,082,378$4,142,770$4,200,283
 
Change in net assets20192018201720162015
Surplus (deficit)$75,145$235,705$52,852$7,256$312,974
Other changes in net assets$0$0$0$0$0
Total change in net assets$75,145$235,705$52,852$7,256$312,974

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/3/2021. To update the information below, please email: info@ministrywatch.com


History

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 founded 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 Lkarmissionen, Swedish Journal Social and Medical Foundation. In 1991 programs in El Salvador, Nicaragua, Honduras and Panama are reorganized, and Lkarmissionen gives its first financial support to the literacy programs in Latin America. In 1994 an agreement with Lkarmissionen 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.


Program accomplishments

  • 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 currently work in 23 countries in Latin America, the Caribbean, Africa, Portugal and USA.
  • 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.

Needs

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, ethnicity or race. 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.