Overview
What is Latino Education Advancement Foundation?
The Latino Education Advancement Foundation, based in San Jose, California, is a nonprofit organization dedicated to supporting schools operated by the Foundation for Hispanic Education. Their mission is to benefit low-income students attending schools in East San Jose. To achieve this goal, they have established rental operations, known as LEAF, which provide a stable and accommodating environment for charter schools such as the Roberto Cruz Leadership Academy (RCLA) and Latino College Preparatory Academy (LCPA). Additionally, their property hosts educational organizations like Voices College-Bound Language Academics and a satellite facility for Santa Clara University. By offering these facilities, the Latino Education Advancement Foundation contributes to the vitality of the community, and in return, these educational institutions compensate LEAF for their use of the facilities. The foundation employs a team of 12 individuals.
Official website here: www.leafca.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
The Latino Education Advancement Foundation has earned an 81% rating, reflecting a solid performance in accountability and finance. The organization boasts a fully independent board with no material diversion of assets and demonstrates good governance practices, such as distributing tax forms to board members prior to filing and documenting board meeting minutes.
Strengths include a high program expense ratio of over 81%, indicating that a significant portion of its funds is utilized directly for its educational initiatives. Additionally, the organization shows strong financial health with a working capital ratio that suggests it has ample reserves to sustain its operations over an extended period.
However, the foundation has room for improvement in its fundraising efficiency, with a low ratio indicating that its fundraising efforts may not be as effective as they could be. This could impact its ability to increase resources for educational programs in the future. Overall, the foundation demonstrates a commitment to transparency and effective use of funds, while also facing challenges in fundraising.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Education Advancement Foundation legitimate?
Latino Education Advancement Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Education Advancement Foundation 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: $144,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $563,488
For more financial information, click here
Official website here: www.leafca.org
What is the mission statement of Latino Education Advancement Foundation?
The Latino Education Advancement Foundation's mission is centered around supporting schools operated by the Foundation for Hispanic Education and enhancing initiatives that benefit low-income students attending schools in East San Jose. The foundation aims to advance and develop initiatives that cater to the needs of economically disadvantaged students in the region. As part of its commitment to this mission, the foundation's rental operations, known as LEAF, provide a stable and accommodating environment for charter schools situated on its premises, such as the Roberto Cruz Leadership Academy and the Latino College Preparatory Academy. Additionally, the property hosts educational organizations like Voices College-Bound Language Academics and accommodates a satellite facility for Santa Clara University, which contributes to the community's vitality. In return, these educational organizations compensate the foundation for the use of its facilities.
Official website here: www.leafca.org
Who is the CEO of Latino Education Advancement Foundation?
Ed Alvarez is the President & Chairman of Latino Education Advancement Foundation.
Official website here: www.leafca.org
What is the revenue of Latino Education Advancement Foundation?
Latino Education Advancement Foundation's revenue in 2023 was $4,035,315.
Official website here: www.leafca.org
Who are the executives of Latino Education Advancement Foundation and what are their salaries?
The average compensation at Latino Education Advancement Foundation during 2023 was $59,020. There are 12 employees and 79 volunteers at Latino Education Advancement Foundation.
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Official website here: www.leafca.org
Where can I find the form 990 for Latino Education Advancement Foundation?
Latino Education Advancement Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leafca.org
Learn more at the official website: www.leafca.org
Mission Statement of Latino Education Advancement Foundation
The Latino Education Advancement Foundation, in its mission, supports schools operated by the Foundation for Hispanic Education and works towards enhancing and developing initiatives that benefit low-income students attending schools in East San Jose. The foundation's primary goal is to provide a stable and accommodating environment for these charter schools, including the Roberto Cruz Leadership Academy (RCLA) and Latino College Preparatory Academy (LCPA), which operate on its premises. Beyond these institutions, the property also accommodates Voices College-Bound Language Academics, situated within a modular village, and hosts a satellite facility for Santa Clara University. These educational organizations contribute to the community's vibrancy, and in return, they compensate the Latino Education Advancement Foundation for the use of its facilities. By supporting these schools and initiatives, the foundation aims to better the lives of economically disadvantaged students in East San Jose.
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Impact
July, 2024
The Latino Education Advancement Foundation's impact is felt through its support for schools operated by the Foundation for Hispanic Education and its initiatives benefiting all low-income students attending East San Jose schools. By providing a stable and accommodating environment for charter schools like the Roberto Cruz Leadership Academy and Latino College Preparatory Academy, as well as hosting other educational organizations, LEAF contributes to the vitality of the community and helps economically disadvantaged students access quality education. Through its commitment to advancing initiatives that serve the best interests of students in East San Jose, LEAF plays a crucial role in promoting educational opportunities and academic success for underserved communities.
This information is meant to be a general summary of Latino Education Advancement Foundation. 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 2023.
- Investment Income: -$44,944
- Gross Receipts: $4,665,965
Assets and Liabilities:
- Total Assets: $36,492,998
- Total Liabilities: $14,870,371
- Net Assets: $21,622,627
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Organization Details
Founding Year
2017
Phone
(408) 493-5750Principal Officer
Ed Alvarez
Main Address
300 S 1ST STREET 211, SAN JOSE, CA, 95113
Website
www.leafca.orgNTEE Category
Code: B11 - Education
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