Overview
What is La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation?
La Fe Preparatory School Inc, formerly known as La Fe Community Development Corporation, is a nonprofit organization situated in El Paso, Texas. The school, authorized by the Texas Education Agency, follows state regulations and receives funding from various sources, including state education funding, grants, and private contributions. Its primary focus is to provide education to youths from pre-kindergarten to 5th grade, while also catering to the needs of the local community. The school's mission is to foster a bilingual and multicultural learning environment, aiming to empower children to reach their full academic, artistic, physical, and social potential. This is achieved by instilling confidence and a love for learning. The school currently employs 51 individuals.
Official website here: www.lafeprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating
La Fe Preparatory School Inc, formerly known as La Fe Community Development Corporation, has received a two-star rating from Charity Navigator, indicating room for improvement in several areas. The organization has an overall score of 62%, which reflects concerns primarily in its governance and financial accountability practices. Notably, the school has not achieved any points for having independent board members or an adequate board size, raising questions about its governance structure.
Despite these weaknesses, the organization shows strengths in specific financial metrics, such as a high program expense ratio of 69.26%, suggesting that a significant portion of its budget is allocated towards its programs. Additionally, it has demonstrated good practices in policies related to conflict of interest, whistleblower protections, and document retention. These elements contribute positively to its operational integrity.
However, the overall lack of independent oversight and transparency, particularly with its financial statements and tax documentation, remains a notable limitation. The organization's liabilities to assets ratio suggests it manages its debts effectively, but further improvements in governance and financial reporting are essential for enhancing donor trust and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation legitimate?
La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,487,023
For more financial information, click here
Official website here: www.lafeprep.org
What is the mission statement of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation?
La Fe Preparatory School Inc, formerly known as La Fe Community Development Corporation, aims to establish and foster a bilingual and multicultural learning environment. This environment is designed to empower children from pre-kindergarten to fifth grade, enabling them to reach their highest academic, artistic, physical, and social potential. The school instills confidence and a joy for learning in its students, encouraging them to achieve their full potential. La Fe Preparatory School is an open-enrollment charter school, authorized by the Texas Education Agency, and operates in compliance with the rules and regulations set forth by the agency. Funding for the school is primarily supported by state education funding, along with local-state-federal grants and private contributions.
Official website here: www.lafeprep.org
Who is the CEO of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation?
Salvador Balcorta is the Ceo of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation. The CEO's salary of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation is $0 and their total compensation is $258,354.
Official website here: www.lafeprep.org
What is the revenue of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation?
La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation's revenue in 2022 was $2,737,517.
Official website here: www.lafeprep.org
Who are the executives of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation and what are their salaries?
The average compensation at La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation during 2022 was $29,157. There are 51 employees and 90 volunteers at La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation.
Here are 5 key members and their salaries (La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation's CEO's salary is $0 and their total compensation is $258,354):
- Compensation: $0
- Related: $226,622
- Other: $31,732
- Compensation: $0
- Related: $134,662
- Other: $23,663
- Compensation: $0
- Related: $125,187
- Other: $12,874
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lafeprep.org
Where can I find the form 990 for La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation?
La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lafeprep.org
Learn more at the official website: www.lafeprep.org
Mission Statement of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation
La Fe Preparatory School Inc, formerly known as La Fe Community Development Corporation, is dedicated to establishing and fostering a bilingual and multicultural learning environment. This mission aims to empower children from pre-kindergarten to fifth grade, nurturing their academic, artistic, physical, and social well-being. By instilling confidence and a joy for learning, the school seeks to help these young learners reach their highest potential. The educational approach of La Fe Preparatory School is guided by the rules and regulations set forth by the Texas Education Agency, and its operations are supported by state education funding, local-state-federal grants, and private contributions.
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Impact
July, 2024
La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation's impact lies in its dedication to creating and promoting a bilingual and multicultural learning environment to empower children to achieve high academic, artistic, physical, and social well-being. By instilling confidence and a joy for learning, the organization is actively improving the community by nurturing the growth and development of youths from pre-kindergarten to 5th grade. Through its open enrollment charter school authorized by the Texas Education Agency, La Fe Preparatory School receives support from various funding sources including state education funding, grants, and private contributions to ensure it operates in accordance with educational standards. Its mission to empower children and instill a love for learning contributes positively to the community's future generations.
This information is meant to be a general summary of La Fe Preparatory School Inc F/K/A La Fe Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,134
- Program Service Revenue: $2,827
- Gross Receipts: $2,737,517
Assets and Liabilities:
- Total Assets: $1,798,361
- Total Liabilities: $1,089,116
- Net Assets: $709,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS INCOME
Revenue
$2,196
FOOD SERVICE INCOME
Revenue
$631
Organization Details
Founding Year
2001
Phone
(915) 534-7979Principal Officer
Salvador Balcorta
Main Address
1314 E YANDELL, EL PASO, TX, 79902
Website
www.lafeprep.orgNTEE Category
Code: S40 - Community improvement
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