Latino Educational Achievement Partnership
- Assets
- $133.6k
- Revenue
- $221.7k
- Investments
- $0.0
- Employees
- 21
- Location
- Durham, NC
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-2545659
Organization Overview
Latino Educational Achievement Partnership is located in Durham, NC. The organization was established in 2014. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, Latino Educational Achievement Partnership employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Educational Achievement Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Latino Educational Achievement Partnership generated $221.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $321.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BELIEVING IN THE POTENTIAL OF ALL CHILDREN, LEAP EMPOWERS LATINO AND OTHER CHILDREN IN DURHAM TO ACHIEVE ACADEMIC SUCCESS BY PROVIDING A HIGH-QUALITY PRESCHOOL AND ON-GOING SUPPORT THROUGH MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAP OPERATES A PRESCHOOL FOR THREE AND FOUR-YEAR-OLD CHILDREN: NUESTRA ESCUELITA (OUR LITTLE SCHOOL). THE SCHOOL OFFER HIGH-QUALITY PRESCHOOL ON A HALF-DAY SCHEDULE, SEPTEMBER - MAY. AT NUESTRA ESCUELITA, WE HAVE A DUAL-LANGUAGE IMMERSION APPROACH TO TEACHING LANGUAGE. NATIVE SPANISH-SPEAKING TEACHERS LEAD INSTRUCTION THE FIRST HALF OF EACH WEEK; ENGLISH-SPEAKING TEACHERS DO SO FOR THE LAST HALF OF THE WEEK, MIRRORING THE SAME CONTENT AND THEMES. IN THE SPRING OF 2022, THERE WERE FORTY-ONE CHILDREN ENROLLED. TEN CHILDREN RODE THE BUS THIS SEMESTER. DURING THE FALL OF 2022, WE HAD FORTY-EIGHT CHILDREN ENROLLED AT NUESTRA ESCUELITA, DIVIDED INTO THREE CLASSROOMS. TWELVE CHILDREN USED OUR BUS TO ATTEND SCHOOL.
LEAP'S TUTORING PROGRAM SERVED 28 STUDENTS IN THE SPRING OF 2022 AND 10 STUDENTS IN THE FALL OF 2022. OUR TUTORING COORDINATOR (A READING SPECIALIST WHO RETIRED FROM DURHAM PUBLIC SCHOOLS) TRAINS AND SUPPORTS VOLUNTEER TUTORS WHO USE AN ONLINE CURRICULUM CALLED READING A-Z, WHICH PROVIDES STUDENTS WITH INDIVIDUALIZED GAMES AND EXERCISES TO IMPROVE THEIR READING SKILLS. OUR TUTORS AND STUDENTS HAVE BEEN MEETING VIRTUALLY SINCE MARCH 2020. WE HAVE FOUND THAT MANY FAMILIES AND VOLUNTEERS APPRECIATE THE FLEXIBILITY OF A ONE-ON-ONE SCHEDULE AND MEETING FROM HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Bordley Executive Director Until Sept. 30,2022 | Officer | 30 | $26,961 |
Megan Mccurley Executive Director | Officer | 40 | $15,000 |
Jennifer Trapani Board Chair | Trustee | 2 | $0 |
Nancy Pike Board Vice Chair | Trustee | 2 | $0 |
Sarah Wood Board Secretary | Trustee | 2 | $0 |
Shawn Sullivan Board Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,570 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,034 |
| Total Program Service Revenue | $30,837 |
| Investment income | $415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,389 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $796 |
| Office expenses | $4,682 |
| Information technology | $3,079 |
| Royalties | $0 |
| Occupancy | $11,750 |
| Travel | $44 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,098 |
| All other expenses | $1,895 |
| Total functional expenses | $321,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,344 |
| Savings and temporary cash investments | $128,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $39 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,602 |
| Accounts payable and accrued expenses | $850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $850 |
| Net assets without donor restrictions | $129,755 |
| Net assets with donor restrictions | $2,997 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $133,602 |