Foundation For Hispanic Education
- Assets
- $10.8m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 159
- Location
- San Jose, CA
- Founding
- 07/1978
- Data as of
- 06/2022
- EIN
- 94-2434925
Organization Overview
Foundation For Hispanic Education is located in San Jose, CA. The organization was established in 1978. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Foundation For Hispanic Education employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Hispanic Education 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 06/2022, Foundation For Hispanic Education generated $17.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $16.1m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN WITH AN OPPORTUNITY TO AQUIRE AN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2001, IN RESPONSE TO THE BURGEONING LATINO POPULATION IN SAN JOSE, THE FOUNDATION FOR HISPANIC EDUCATION ESTABLISHED A BILINGUAL CHARTER SCHOOL, LATINO COLLEGE PREPARATORY ACADEMY (LCPA).SINCE THEN, THE MISSION OF LCPA HAS BEEN TO ENABLE UNDERSERVED HIGH SCHOOL ENGLISH LANGUAGE LEARNERS (ELL) TO BECOME BI-LITERATE IN ENGLISH AND SPANISH AND PROFICIENT IN MATHEMATICS AND SCIENCE WHILE REMAINING CULTURALLY RESPONSIVE TO ENSURE THEIR ABILITY TO SUCCESSFULLY COMPLETE REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA AND PURSUE POST-SECONDARY EDUCATIONAL OPPORTUNITIES.
IN 2014, THE FOUNDATION FOR HISPANIC EDUCATION OPENED ITS SECOND CHARTER HIGH SCHOOL SERVING THE EAST SAN JOSE COMMUNITY, LUIS VALDEZ LEADERSHIP ACADEMY (LVLA). LVLA IS COMMITTED TO PROVIDING A RIGOROUS ACADEMIC PROGRAM DESIGNED TO INSTILL A LIFELONG PASSION FOR LEARNING AND TO EQUIP STUDENTS WITH THE SKILLS FOR SOCIAL AND ACADEMIC SUCCESS AT FOUR YEAR COLLEGES, UNIVERSITIES AND LOCAL COMMUNITY COLLEGES.LVLA HAS EMBODIED THE LEGACY OF ITS NAMESAKE, LUIS VALDEZ, BY INTEGRATING A VISUAL, PERFORMING ARTS, AND DIGITAL MEDIA PROGRAM INTO ITS CURRICULUM. THROUGH ITS CULTURALLY SUSTAINING PEDAGOGY, LVLA AIMS TO GRADUATE EMPOWERED YOUNG ADULTS WHO ARE POISED, CONFIDENT, AND ARTICULATE LEADERS.
THE MISSION OF THE ROBERTO CRUZ LEADERSHIP ACADEMY (RCLA) IS TO EMPOWER STUDENTS TO BECOME COMMUNITY LEADERS AND SOCIALLY CONSCIOUS EDUCATORS. RCLA IMPLEMENTS A RIGOROUS TEACHER ACADEMY THAT INTEGRATES TECHNOLOGY, REAL WORLD PROJECTS, COMMUNITY VALUES, BI-LITERACY, AND AN ENVIRONMENT THAT PROMOTES PERSONALED LEARNING WHERE STUDENTS HAVE ACCESS TO POST-SECONDARY EDUCATIONAL OPPORTUNITIES. RCLA AIMS TO EDUCATE STUDENTS THROUGH COLLEGE PREPARATORY COURSES THAT EMPOWER THEM TO BE ACADEMICALLY LITERATE, CRITICAL THINKERS, EFFECTIVE COMMUNICATORS AND INDEPENDENT PROBLEM SOLVERS WHO ARE AGENTS OF EDUCATION AND SOCIAL JUSTICE WITH A COMMITMENT TOWARD THE COMMUNITY AROUND THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ramon Jimenez Board Chairperson | OfficerTrustee | 2 | $2,250 |
Eva Blanco Masias Trustee | Trustee | 2 | $0 |
Jesus J Rocha Trustee | Trustee | 2 | $0 |
David Orozco Trustee | Trustee | 2 | $0 |
Betty Jimenez Trustee | Trustee | 2 | $0 |
Jose Iglesias Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilbert Chavez Contractor | 6/29/19 | $206,378 |
Derivi Castellanos Architects Architecture And Project Management | 6/29/19 | $253,438 |
Adriana San Millan School Of Physcology Special Education | 6/29/19 | $162,695 |
Procopio Cory Hargreaves & Savitch Llp Legal | 6/29/19 | $106,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,963,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,156,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,119,329 |
| Total Program Service Revenue | $7,246 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,129,203 |
| 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. | $331,278 |
| Compensation of current officers, directors, key employees. | $331,278 |
| Compensation to disqualified persons | $8,330,869 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,866,556 |
| Payroll taxes | $493,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,265 |
| Fees for services: Accounting | $32,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $437,765 |
| Advertising and promotion | $97,522 |
| Office expenses | $31,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,908,565 |
| Travel | $14,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,186 |
| Insurance | $206,339 |
| All other expenses | $237,380 |
| Total functional expenses | $16,087,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,710,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,066,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $215,869 |
| Net Land, buildings, and equipment | $844,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,837,526 |
| Accounts payable and accrued expenses | $957,894 |
| 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 | $12,377 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,777,395 |
| Total liabilities | $2,747,666 |
| Net assets without donor restrictions | $7,888,853 |
| Net assets with donor restrictions | $201,007 |
| 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 | $10,837,526 |