Alfalit International, Inc.

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. It is a member of the Evangelical Council for Financial Accountability (ECFA).


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: Rev. Roberto Perez

Board size: 18

Founder: Eulalia Cook, Justo and Luisa Gonzalez

Year founded: 1961

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2013


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. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement


Statement of faith

Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating94 of 42324 of 60
Fund acquisition rating223 of 42336 of 60
Resource allocation rating156 of 42337 of 60
Asset utilization rating47 of 42312 of 60

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%7%6%4%10%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%7%6%3%10%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%100%99%100%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%7%6%4%10%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%0%1%0%0%1%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%85%88%89%81%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%99%100%93%98%99%
Program output ratio Program output ratio =
Program services /
Total revenue
81%84%88%83%79%90%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%1%0%7%2%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%5%1%32%11%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%7%8%9%7%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.304.064.233.304.116.09
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.541.561.711.141.311.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.546.327.243.755.388.45
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.9631.8612.273.7311.157.96
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.030.080.270.090.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.071.841.522.342.031.24
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%5%24%7%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%24%23%23%23%15%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$266,818$259,292$412,588$218,862$248,487
Receivables, inventories, prepaids$379,054$211,965$612,258$215,488$114,781
Short-term investments$0$100,977$95,898$106,684$102,383
Other current assets$0$0$0$0$0
Total current assets$645,872$572,234$1,120,744$541,034$465,651
Long-term investments$0$0$0$0$0
Fixed assets$124,698$137,562$151,653$166,280$180,414
Other long-term assets$235,958$270,251$0$0$0
Total long-term assets$360,656$407,813$151,653$166,280$180,414
Total assets$1,006,528$980,047$1,272,397$707,314$646,065
 
Liabilities20172016201520142013
Payables and accrued expenses$20,275$46,646$300,630$48,521$58,515
Other current liabilities$0$0$0$0$0
Total current liabilities$20,275$46,646$300,630$48,521$58,515
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$20,275$46,646$300,630$48,521$58,515
 
Net assets20172016201520142013
Unrestricted$937,167$905,391$845,287$626,613$495,822
Temporarily restricted$49,086$28,010$126,480$32,180$91,728
Permanently restricted$0$0$0$0$0
Net assets$986,253$933,401$971,767$658,793$587,550
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$4,131,313$4,126,552$4,507,039$2,979,523$3,935,561
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$3,917$23,474$6,218$1,031$2,497
Other revenue$0$0$0$0$30,659
Total other revenue$3,917$23,474$6,218$1,031$33,156
Total revenue$4,135,230$4,150,026$4,513,257$2,980,554$3,968,717
 
Expenses20172016201520142013
Program services$3,464,343$3,634,525$3,723,599$2,358,021$3,584,034
Management and general$324,619$269,402$318,738$251,269$261,985
Fundraising$293,416$238,843$157,946$300,021$88,960
Total expenses$4,082,378$4,142,770$4,200,283$2,909,311$3,934,979
 
Change in net assets20172016201520142013
Surplus (deficit)$52,852$7,256$312,974$71,243$33,738
Other changes in net assets$0$0$0$0$0
Total change in net assets$52,852$7,256$312,974$71,243$33,738

Response from ministry

No response has been provided by this ministry.


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.