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Nonprofiteer
← LATIN AMERICAN EDUCATIONAL FOUNDATION

Form 990 for tax year 2022

Filed by LATIN AMERICAN EDUCATIONAL FOUNDATION.

Totals

Total revenue
$499,169
Total expenses
$723,204
Contributions and grants received
$472,472
Grants paid
$275,609
Program service revenue
$0
Investment income
$26,697
Other revenue
$0
Total assets, end of year
$851,944
Total liabilities, end of year
$170,599
Net assets or fund balances, end of year
$681,345
Program services expenses (Part IX)
$365,964
Management and general expenses
$284,690
Fundraising expenses
$72,550
Program service expenses (Part III)
$365,964

Program services were 50.6% 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.

  • 1c · Fundraising events

    $200,192

  • 1f · All other contributions, gifts and grants

    $272,280

  • 3 · Investment income

    total $9,818 · unrelated business $0 · excluded $9,818

  • 7a · Gross sales of assets other than inventory

    securities $16,879

  • 7c · Gain or loss

    securities $16,879

  • 7d · Net gain or loss

    total $16,879 · related or exempt $0 · unrelated business $0 · excluded $16,879

  • 8a · Fundraising events: gross income

    $255,854

  • 8a · Fundraising events: contributions included on line 1c

    $200,192

  • 8b · Fundraising events: direct expenses

    $255,854

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $275,609 · program services $275,609

  • 5 · Compensation of officers, directors and key employees

    total $121,605 · program services $30,401 · management and general $60,872 · fundraising $30,332

  • 7 · Other salaries and wages

    total $119,200 · program services $32,715 · management and general $57,930 · fundraising $28,555

  • 8 · Pension plan contributions

    total $2,941 · program services $517 · management and general $1,945 · fundraising $479

  • 9 · Other employee benefits

    total $13,982 · program services $796 · management and general $13,186 · fundraising $0

  • 10 · Payroll taxes

    total $27,876 · program services $5,138 · management and general $18,038 · fundraising $4,700

  • 11b · Fees: legal

    total $2,635 · program services $0 · management and general $2,635 · fundraising $0

  • 11c · Fees: accounting

    total $10,363 · program services $0 · management and general $10,363 · fundraising $0

  • 11f · Fees: investment management

    total $8,852 · program services $0 · management and general $8,852 · fundraising $0

  • 11g · Fees: other

    total $59,876 · program services $3,429 · management and general $54,562 · fundraising $1,885

  • 12 · Advertising and promotion

    total $6,180 · program services $381 · management and general $5,688 · fundraising $111

  • 13 · Office expenses

    total $1,480 · program services $13 · management and general $1,467 · fundraising $0

  • 14 · Information technology

    total $14,609 · program services $96 · management and general $12,993 · fundraising $1,520

  • 16 · Occupancy

    total $14,555 · program services $0 · management and general $14,555 · fundraising $0

  • 17 · Travel

    total $7,315 · program services $1,451 · management and general $5,843 · fundraising $21

  • 20 · Interest

    total $5,197 · program services $4,733 · management and general $464 · fundraising $0

  • 23 · Insurance

    total $1,113 · program services $0 · management and general $856 · fundraising $257

  • 24a · Other expenses: BANK AND MERCHANT FEES

    total $9,268 · program services $0 · management and general $4,702 · fundraising $4,566

  • 24b · Other expenses: OUTREACH

    total $4,844 · program services $4,735 · management and general $109 · fundraising $0

  • 24c · Other expenses: CAPACITY BUILDING

    total $3,859 · program services $0 · management and general $3,859 · fundraising $0

  • 24d · Other expenses: DUES, FEES & LICENSES

    total $4,330 · program services $2,343 · management and general $1,987 · fundraising $0

  • 24e · All other expenses

    total $7,515 · program services $3,607 · management and general $3,784 · fundraising $124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,141 · end of year $26,341

  • 3 · Pledges and grants receivable

    beginning of year $225,000 · end of year $150,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,374 · end of year $13,738

  • 12 · Investments: other securities

    beginning of year $730,745 · end of year $661,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,288 · end of year $35,658

  • 18 · Grants payable

    end of year $134,941

  • 19 · Deferred revenue

    beginning of year $19,965

  • 27 · Net assets without donor restrictions

    beginning of year $532,064 · end of year -$184,125

  • 28 · Net assets with donor restrictions

    beginning of year $445,943 · end of year $865,470

Mission and programs · 2022

Mission

LEAF IS ORGANIZED TO GENERATE FUNDS FROM THE GENERAL PUBLIC AND PRIVATE ENTERPRISES TO PROVIDE POST HIGH SCHOOL SCHOLARSHIPS TO DESERVING STUDENTS.

  • SCHOLARSHIPS FOR STUDENTS TO CONTINUE THEIR EDUCATION BEYOND HIGH SCHOOL.

    Expenses $365,964 · Grants $261,318

As filed on the 2022 return.

Listed in Part VII

  • GUILLERMO LAMBARRI

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SHANNON ARCHIBEQUE-ENGLE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LAWRENCE GARCIA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ADRIAN CASTRO

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • TONY SALAZAR

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LUIS CANELA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEANNA HAAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORETTA MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANUEL MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRESTINA MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESUS QUINTANA-MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAULINE RIVERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCIA ROMERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONICA ROSENBLUTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS LOPEZ

    PRESIDENT & CEO (BEGAN JAN. 2023)

    Total calculated
    $0
    Hours/week
    40

  • RICHARD J CHAVEZ

    EXECUTIVE DIRECTOR (ENDED AUG. 2022)

    Total calculated
    $155,676
    From this org
    $146,880
    From related orgs
    $0
    Other
    $8,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,880
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,796
    Filer's total
    $155,676

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2024
IRS schema version
2022v5.0
Source object
202412259349301171

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