Form 990 for tax year 2024
Filed by LATINO EDUCATION ADVANCEMENT FOUNDATION.
Totals
- Total revenue
- $3,882,183
- Total expenses
- $4,547,233
- Contributions and grants received
- $1,163,447
- Grants paid
- $591,222
- Program service revenue
- $16,750
- Investment income
- $138,511
- Other revenue
- $2,563,475
- Total assets, end of year
- $37,697,806
- Total liabilities, end of year
- $16,469,976
- Net assets or fund balances, end of year
- $21,227,830
- Program services expenses (Part IX)
- $3,454,872
- Management and general expenses
- $1,066,684
- Fundraising expenses
- $25,677
- Program service expenses (Part III)
- $3,454,872
Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
EDWARD ALVAREZ
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 40
-
BRITTANY ALVAREZ
EXECUTIVE DIRECTOR
- Total calculated
- $163,390
- From this org
- $154,643
- From related orgs
- $0
- Other
- $8,747
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,643
- Bonus
- $0
- Other
- $0
- Deferred
- $4,920
- Nontaxable benefits
- $3,827
- Filer's total
- $163,390
-
JOSE IGLESIAS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
MONICA TIJERINA
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
LENNY ALUGAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
DR VIOLETA BARROSO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
STEPHANIE BRAVO-JAFARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
ANDRE CHAPMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
LILLY PINEDO GANGAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
HEATHER HERRERA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
DR RAMON JIMENEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
JOHN OTTOBONI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
JOHN MATTHEW SOBRATO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
JENNIFER THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
LIBIER GONZALEZ
FAMILY AND ADVOCACY PROGRA
- Total calculated
- $110,347
- From this org
- $103,295
- From related orgs
- $0
- Other
- $7,052
- Hours/week
- 40
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
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION'S BOARD OF DIRECTORS SETS COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE BOARD PERFORMS AN ANNUAL REVIEW OF THE PERFORMANCE OF THE ED. THE EXECUTIVE BOARD ALSO GATHERS INPUT FOR SETTING THE ED'S COMPENSATION FROM NONPROFIT COMPENSATION SURVEYS AND/OR FROM COMPENSATION INFORMATION RECEIVED FROM MEMBER INDSUTRY ASSOCIATIONS. THE DELIBERATION AND DECISION REGARDING THE ED'S COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES AND APPROVED BY THE FULL BOARD OF DIRECTORS.
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
- 2024
- Filed
- 31 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630339349301813
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