Overview
What is Latin American Educational Foundation Inc?
Latin American Educational Foundation Inc, based in Denver, Colorado, is a nonprofit organization with a mission to facilitate higher education for Hispanics in the state. With a team of four dedicated individuals, they provide financial aid and scholarships to 119 students, enabling them to continue their education beyond high school. This foundation plays a crucial role in broadening educational opportunities for the Hispanic community in Colorado.
Official website here: www.laef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
The Latin American Educational Foundation Inc has received a 55% rating from Charity Navigator, indicating significant concerns in its financial management and accountability practices. While the organization excels in governance aspects, such as having a fully independent board, it struggles with transparency, particularly in its financial reporting. This is evidenced by the absence of financial statements and tax forms on its website, which has heavily impacted its overall score.
Despite these limitations, the organization shows strengths in certain areas, such as maintaining a low liabilities to assets ratio of 3.57%, indicating a stable financial position. The presence of strong policies, including a conflict of interest and whistleblower policy, suggests that the organization is committed to ethical governance. However, the lack of financial documentation significantly undermines stakeholder trust and calls into question the organization's commitment to transparency.
Overall, while the Latin American Educational Foundation Inc demonstrates some positive governance practices, its inadequate financial reporting and missing documentation remain critical weaknesses that detract from its effectiveness as a nonprofit organization. Prospective donors and supporters should consider these factors when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Latin American Educational Foundation Inc legitimate?
Latin American Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latin American Educational Foundation Inc 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: $180,796
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,549
For more financial information, click here
Official website here: www.laef.org
What is the mission statement of Latin American Educational Foundation Inc?
The Latin American Educational Foundation Inc is committed to providing access to higher education for Hispanics residing in Colorado. This non-profit organization fulfills its mission by offering scholarships and financial assistance to a total of 119 students, enabling them to pursue their education beyond high school. By doing so, the foundation aims to contribute to the broader community by empowering a diverse group of individuals through higher education.
Official website here: www.laef.org
Who is the CEO of Latin American Educational Foundation Inc?
Nicholas Lopez is the Board Chair of Latin American Educational Foundation Inc. The CEO's salary of Latin American Educational Foundation Inc is $96,820 and their total compensation is $107,308.
Official website here: www.laef.org
What is the revenue of Latin American Educational Foundation Inc?
Latin American Educational Foundation Inc's revenue in 2022 was $939,556.
Official website here: www.laef.org
Who are the executives of Latin American Educational Foundation Inc and what are their salaries?
The average compensation at Latin American Educational Foundation Inc during 2022 was $75,836. There are 4 employees and 54 volunteers at Latin American Educational Foundation Inc.
Here are 15 key members and their salaries (Latin American Educational Foundation Inc's CEO's salary is $96,820 and their total compensation is $107,308):
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- Compensation: $96,820
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- Other: $10,488
Official website here: www.laef.org
Where can I find the form 990 for Latin American Educational Foundation Inc?
Latin American Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laef.org
Learn more at the official website: www.laef.org
Mission Statement of Latin American Educational Foundation Inc
Latin American Educational Foundation Inc, a nonprofit organization, is committed to expanding access to higher education for Hispanics in Colorado. Their mission is centered around providing financial assistance and scholarships to students, enabling them to continue their education beyond high school. By offering these scholarships, the foundation plays a crucial role in fostering educational opportunities for the Hispanic community in Colorado, thereby contributing to their overall development and success.
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Impact
July, 2024
Latin American Educational Foundation Inc's impact can be seen in its commitment to providing access to higher education for Hispanics in Colorado. Through scholarships and assistance, the organization has supported 119 students in continuing their education beyond high school. This support not only helps individuals achieve their academic goals but also contributes to the overall empowerment and advancement of the Hispanic community in the state.
This information is meant to be a general summary of Latin American Educational Foundation Inc. 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: $55,942
- Program Service Revenue: $6,396
- Gross Receipts: $1,152,897
Assets and Liabilities:
- Total Assets: $1,014,260
- Total Liabilities: $36,253
- Net Assets: $978,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIPS/SPONSORSHIPS
Revenue
$6,396
Organization Details
Founding Year
1949
Phone
(303) 446-0541Principal Officer
Nicholas Lopez
Main Address
1035 OSAGE STREET, DENVER, CO, 80204
Website
www.laef.orgNTEE Category
Code: B82 - Education
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