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Nonprofiteer
← LATINO EDUCATION ADVANCEMENT FOUNDATION

Form 990 for tax year 2022

Filed by LATINO EDUCATION ADVANCEMENT FOUNDATION.

Totals

Total revenue
$4,035,315
Total expenses
$4,499,257
Contributions and grants received
$1,681,717
Grants paid
$0
Program service revenue
$0
Investment income
-$44,944
Other revenue
$2,398,542
Total assets, end of year
$36,492,998
Total liabilities, end of year
$14,870,371
Net assets or fund balances, end of year
$21,622,627
Program services expenses (Part IX)
$3,752,181
Management and general expenses
$723,370
Fundraising expenses
$23,706
Program service expenses (Part III)
$3,752,181

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,681,717

  • 3 · Investment income

    total $71,012 · excluded $71,012

  • 6a · Gross rents

    real property $2,298,178

  • 6b · Less rental expenses

    real property $14,604

  • 6c · Rental income or loss

    real property $2,283,574

  • 6d · Net rental income or loss

    total $2,283,574 · related or exempt $2,283,574

  • 7a · Gross sales of assets other than inventory

    securities $500,090

  • 7b · Less cost or other basis and sales expenses

    securities $545,532 · other assets $70,514

  • 7c · Gain or loss

    securities -$45,442 · other assets -$70,514

  • 7d · Net gain or loss

    total -$115,956 · related or exempt -$70,514 · excluded -$45,442

  • 11a · Other revenue: OTHER INCOME

    total $114,968 · excluded $114,968

  • 11e · Other revenue, total

    $114,968

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $144,750 · program services $72,375 · management and general $72,375

  • 7 · Other salaries and wages

    total $563,488 · program services $386,528 · management and general $176,960

  • 8 · Pension plan contributions

    total $9,231 · program services $6,169 · management and general $3,062

  • 9 · Other employee benefits

    total $13,965 · program services $11,118 · management and general $2,847

  • 10 · Payroll taxes

    total $56,737 · program services $36,184 · management and general $20,553

  • 11a · Fees: management

    total $210,000 · management and general $210,000

  • 11b · Fees: legal

    total $47,519 · program services $33,724 · management and general $13,795

  • 11c · Fees: accounting

    total $46,700 · management and general $46,700

  • 11f · Fees: investment management

    total $33,158 · management and general $33,158

  • 11g · Fees: other

    total $185,302 · program services $137,066 · management and general $31,183 · fundraising $17,053

  • 12 · Advertising and promotion

    total $7,175 · program services $5,450 · management and general $1,725

  • 13 · Office expenses

    total $38,460 · program services $7,972 · management and general $28,979 · fundraising $1,509

  • 16 · Occupancy

    total $824,797 · program services $800,479 · management and general $24,318

  • 17 · Travel

    total $19,386 · program services $945 · management and general $15,873 · fundraising $2,568

  • 20 · Interest

    total $663,204 · program services $642,143 · management and general $21,061

  • 22 · Depreciation, depletion and amortization

    total $947,633 · program services $947,633

  • 23 · Insurance

    total $85,560 · program services $85,560

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $540,722 · program services $539,717 · management and general $948 · fundraising $57

  • 24b · Other expenses: DEBT FINANCING COSTS

    total $28,085 · program services $28,085

  • 24c · Other expenses: DEVELOPMENT

    total $14,060 · program services $3,577 · management and general $7,985 · fundraising $2,498

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,341 · program services $7,012 · management and general $4,308 · fundraising $21

  • 24e · All other expenses

    total $7,984 · program services $444 · management and general $7,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,032,855 · end of year $414,657

  • 2 · Savings and temporary cash investments

    beginning of year $304,780 · end of year $838,211

  • 3 · Pledges and grants receivable

    beginning of year $145,000 · end of year $147,500

  • 4 · Accounts receivable

    beginning of year $99,205 · end of year $91,047

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,505 · end of year $20,212

  • 10a · Land, buildings and equipment: cost or other basis

    $40,831,126

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,677,459

  • 10c · Land, buildings and equipment, net

    beginning of year $32,167,158 · end of year $31,153,667

  • 11 · Investments: publicly traded securities

    beginning of year $3,199,150 · end of year $3,138,430

  • 12 · Investments: other securities

    beginning of year $218,430 · end of year $689,274

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,329 · end of year $189,141

  • 19 · Deferred revenue

    beginning of year $303,869 · end of year $336,642

  • 23 · Secured mortgages and notes payable

    beginning of year $14,768,051 · end of year $14,319,588

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 25 · Other liabilities

    beginning of year $25,000 · end of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $20,500,527 · end of year $20,437,246

  • 28 · Net assets with donor restrictions

    beginning of year $870,307 · end of year $1,185,381

Mission and programs · 2022

Mission

TO SUPPORT SCHOOLS OPERATED BY THE FOUNDATION FOR HISPANIC EDUCATION AND TO ADVANCE AND DEVELOP INITIATIVES THAT BENEFIT LOW-INCOME STUDENTS ATTENDING EAST SAN JOSE SCHOOLS.

Activities or mission (Part I)

TO SUPPORT SCHOOLS OPERATED BY THE FOUNDATION FOR HISPANIC EDUCATION AND TO ADVANCE AND DEVELOP INITIATIVES THAT BENEFIT ALL LOW-INCOME STUDENTS ATTENDING EAST SAN JOSE SCHOOLS.

  • RENTAL OPERATIONS (LEAF) -AS PART OF LEAF'S COMMITMENT TO FURTHER THE MISSION OF SUPPORTING TFHE-OPERATED SCHOOLS AND ADVANCING INITIATIVES THAT SERVE THE BEST INTERESTS OF ECONOMICALLY DISADVANTAGED STUDENTS IN EAST SAN JOS, LEAF'S RENTAL OPERATIONS ARE DEDICATED TO PROVIDING A STABLE AND ACCOMMODATING ENVIRONMENT FOR THE CHARTER SCHOOLS SITUATED ON OUR PREMISES. THESE INSTITUTIONS INCLUDE THE ROBERTO CRUZ LEADERSHIP ACADEMY (RCLA) AND LATINO COLLEGE PREPARATORY ACADEMY (LCPA). IN ADDITION TO THESE CHARTER SCHOOLS, OUR PROPERTY HOSTS THE VOICES COLLEGE-BOUND LANGUAGE ACADEMICS, SITUATED WITHIN A MODULAR VILLAGE, AND ACCOMMODATES A SATELLITE FACILITY FOR SANTA CLARA UNIVERSITY. THESE EDUCATIONAL ORGANIZATIONS CONTRIBUTE TO THE VITALITY OF OUR COMMUNITY AND, IN RETURN, COMPENSATE LEAF FOR THEIR USE OF OUR FACILITIES.

    Expenses $2,537,624 · Revenue $2,283,574

  • LEAF CENTER FOR COLLEGE SUCCESS (LCCS)-THE LEAF CENTER FOR COLLEGE SUCCESS (LCCS) OFFERS A STRUCTURED APPROACH TO INCREASING COLLEGE ENROLLMENT AND RETENTION FOR FIRST-GENERATION STUDENTS OF COLOR. LCCS PROVIDES ESSENTIAL RESOURCES AND SUPPORT SERVICES FOR LATINX STUDENTS AND THEIR FAMILIES IN EAST SAN JOSE ENROLLING IN A COMMUNITY COLLEGE, UNIVERSITY, OR TRADE & CERTIFICATION PROGRAM. IN BRIEF, LCCS MENTORS, GUIDES, AND EMPOWERS FIRST-GENERATION STUDENTS AND THEIR FAMILIES TO (1) BUILD A COLLEGE-GOING CULTURE, (2) CONFIDENTLY NAVIGATE THE COLLEGE ENROLLMENT PROCESS, (3) PERSIST THROUGH COLLEGE, AND (4) GRADUATE WITH A CLEAR CAREER PATHWAY.LEAF'S LCCS PROGRAMMING HAS SERVED OVER 700 STUDENTS AND FAMILIES SINCE 2021, INCLUDING OVER 500 LEAF SCHOLARS, NEARLY 70 MENTORS, AND OVER 200 FAMILIES (96% OF LEAF'S SCHOLARS ARE FIRST-GENERATION COLLEGE STUDENTS). LEAF'S FAMILY EDUCATION PROGRAM HAS ALSO SUPPORTED 226 FAMILIES. TO DATE, LEAF HAS DISTRIBUTED OVER $400,000 TO HELP STUDENTS MEET THOSE NEEDS. SCHOLARSHIPS HAVE GONE DIRECTLY TO STUDENTS, MENTORS, AND FAMILIES, AND HAVE BEEN INCREDIBLY IMPACTFUL IN KEEPING THEM ENGAGED AND ENROLLED IN COLLEGE. THIS HAS ENABLED THE FOLLOWING OUTCOMES:- 83% OF STUDENTS IN LEAF'S FIRST COLLEGE COHORT (2021-2022) ARE PERSISTING IN COLLEGE.- 92% OF THE LEAF SCHOLARS CONTINUE TO PERSIST IN COLLEGE.- OF THESE, 44% ARE ENROLLED IN COMMUNITY COLLEGES, 55% ARE IN 4-YEAR COLLEGES, AND 1% ARE IN VOCATIONAL PROGRAMS.

    Expenses $1,034,538

  • LEAF ADVOCACY-LEAF ADVOCACY AIMS TO SUPPORT THE SPREAD OF UNDERREPRESENTED LATINX VOICES TO CHANGE THE SYSTEM'S DISPARATE IMPACT THAT OUR COMMUNITY IN EAST SAN JOS FACES. ONE OF THE SOURCES OF ADVOCACY WILL BE WITH THE EASTSIDE EDUCATION INITIATIVE (EEI). EASTSIDE EDUCATION INITIATIVE IS A COLLECTIVE IMPACT COALITION ADVOCATING AND DEVELOPING A COLLEGE AND CAREER READINESS CULTURE IN SAN JOS COMPOSED OF FOUR CORE COMPONENTS: (1) ENGAGEMENT OF EASTSIDE STUDENTS AND FAMILIES IN A PARTICIPATORY PROCESS TO PROMOTE PARENT AND STUDENT VOICES, (2) IMPROVEMENT OF CORE SUBJECT PROFICIENCY OF EASTSIDE STUDENTS LEADING TO AN INCREASE IN LATINX GRADUATES WHO PASS A-G COURSEWORK, (3) PROVIDE A COLLEGE AND CAREER-ALIGNED PROGRAMMING BEGINNING IN THE 6TH GRADE TO INCREASE ENROLLMENT AND PERSISTENCE IN TWO-YEAR COLLEGES AND FOUR-YEAR UNIVERSITIES, AND (4) ADVOCATE FOR EQUITABLE FUNDS FOR EAST SAN JOSE SCHOOLS TO BE ON PAR OR ABOVE THE HIGHEST PER-PUPIL ALLOCATION IN SANTA CLARA COUNTY. LEAF ADVOCACY WILL NOT BE LIMITED TO ONLY WORK THROUGH EEI.

    Expenses $180,019

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Alvarez

    PRESIDENT & CHAIRMAN

    Total calculated
    $0
    Hours/week
    40

  • Brittany Alvarez

    EXECUTIVE DIRECTOR

    Total calculated
    $124,768
    From this org
    $121,905
    From related orgs
    $0
    Other
    $2,863
    Hours/week
    40

  • Raymond Ruiz

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    5

  • John A Sobrato

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Lenny Alugas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Violeta Barroso

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Tony Gonzalez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Monica Tijerina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Michael Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jose Palafox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Ramon Jimenez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jose Iglesias

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sara Valencia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Stephanie Bravo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jason Rodriguez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ted Bojorquez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349319028

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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