In 1972, a group of Hispanic CPAs came together to address the lack of opportunities and discrimination against Latinos in the business work field. Only about 7% of board seats in companies are occupied by Hispanics. While this a higher percentage than normal, it is still rather low when considering how many white men are in control in large business firms. Luckily, ALPFA is designed to help Latinos and people of Hispanic descent have a voice in the business world and allow them to share their opinions and succeed in their position. ALPFA gives students and any kind of Latino leader the ability to have paid internships, careers and ways to further their education.
Co-Founder of ALPFA
Gilberto Vasquez, BS in Business Administration
Mission of ALPFA
The mission of ALPFA is to create a fair and just business community for people of all races but focuses primarily on Latinos. Their mission statement is “To empower and develop Latino men and women as leaders of character for the nation, in every sector of the global economy.”
History of ALPFA
Created in 1792, AAHCPA later expanded the name of their mission to include professionals and changed its name to the Association of Latino Professionals in Finance and Accounting. By 2009, ALPFA gained over 10,000 members and merged with another group called the National Hispanic Business Association to create a total of more than 14,000 members. In 2015, ALPFA supported over 81,000 Latino students, professionals, and entrepreneurs.
Impact of ALPFA
ALPFA is continuing to help Latinos strive to be the best they can be in the competitive business world we live in today. They have helped thousands of Latinos get well-paying jobs or internships. Since this organization focuses primarily on business jobs, many of their members have gotten jobs as accountants, financial assistants, and business managers. ALPFA helps members in all positions in the global economy to become leaders among their peers. While they promote growth in the work area, they also pride themselves on encouraging their members to reach out to their Latino community and help them. They also offer scholarships for students who are wishing to lessen their debt before entering college. They are actively reaching out and striving to do more on hands work for those in need.
Overall, ALPFA is not only aiding all Latinos in being the best they can be in their line of work, but they also help members build character while doing so. ALPFA focuses on work and how Latinos act in the community and encourage all their members to get involved and do philanthropic work throughout their communities. ALPFA is a strong nonprofit organization designed to better the lives of both Latino men and women.
ALPFA strives to create a fairer and more just work force for those of Latino descent.
This organization is continuing to grow and create a more hands-on community.
Association of Latino Professionals For America. (2016). Retrieved February 02, 2017, from http://www.alpfa.org/?page=story
Association of Latino Professionals in Finance and Accounting. (31, December 2016). Retrieved February 02, 2017, from https://en.wikipedia.org/wiki/Association_of_Latino_Professionals_in_Finance_and_Accounting
Gilbert R. Vasquez. (2015). Retrieved February 02, 2017, from http://www.vasquezcpa.com/gilbert-r-vasquez.html
Schoon, R. (2015, December 01). Diversity in Business: Growth of Latinos in Executive Positions ‘Relatively Flat,’ ‘Worrisome’ – Report. Retrieved February 02, 2017, from http://www.latinpost.com/articles/98921/20151201/diversity-in-business-growth-of-latinos-in-executive-positions-relatively-flat-worrisome-report.htm
2016 ALPFA Scholarship Program. (2017, January). Retrieved February 02, 2017, from https://alpfa.fluidreview.com/