Latino Education Advancement Foundation

Organization Overview

Latino Education Advancement Foundation is located in Milpitas, CA. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Education Advancement Foundation 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 06/2021, Latino Education Advancement Foundation generated $4.6m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO SUPPORT SCHOOLS OPERATED BY THE FOUNDATION FOR HISPANIC EDUCATION AND TOADVANCE AND DEVELOP INITIATIVES THAT BENEFIT ALL LOW-INCOME STUDENTS ATTENDING EAST SAN JOSE SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR MISSION IS TO SUPPORT SCHOOLS OPERATED BY THE FOUNDATION FOR HISPANIC EDUCATION AND TO ADVANCE AND DEVELOP INITIATIVES THAT BENEFIT ALL LOW-INCOME STUDENTS ATTENDING EAST SAN JOSE SCHOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Ed Alvarez
Chairman / CEO
$0
Ray Ruiz
Secretary/ Treasurer
$0
John A Sobrato
Vice Chairman
$0
Ramon Jimenez
Trustee
$0
Arnoldo Avalos
Trustee
$0
Jose Iglesias
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alvarez Advisory Services
Management Services
$210,000
Garden City Construction
General Contractor For Tfhe Multi-purpos
$814,587
Derivi Castellanos Architects
Design, Project Management, Consulting O
$130,474
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,219,682
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,219,682
Total Program Service Revenue$2,291,261
Investment income $60,207
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$15,819
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,555,331

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Latino Education Advancement Foundation has recieved totaling $605,000.

Awarding OrganizationAmount
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Education

$360,000
Tipping Point Community

San Francisco, CA

PURPOSE: EDUCATION ISSUE AREA

$200,000
American Heart Association Inc

Dallas, TX

PURPOSE: COLLEGE SUCCESS PROGRAM

$45,000
View Grant Recipient Profile

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