Puente Learning Center
- Assets
- $28.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 71
- Location
- Los Angeles, CA
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 95-4242175
Organization Overview
Puente Learning Center is located in Los Angeles, CA. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Puente Learning Center employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puente Learning Center 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, Puente Learning Center generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 6.3% 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
WE ARE PUENTE: PEOPLE UNITED TO ENRICH THE NEIGHBORHOOD THROUGH EDUCATION. BUILDING BRIDGES TO LEARNING AND OPPORTUNITY IN BOYLE HEIGHTS AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD - PRESCHOOL READINESS PROVIDES AN INTELLECTUALLY STIMULATING ENVIRONMENT FOR CHILDREN AGED THREE YEARS, NINE MONTHS TO FIVE YEARS OLD AND PREPARES STUDENTS FOR THE SUCCESSFUL TRANSITION INTO KINDERGARTEN. PUENTE CHARTER SCHOOL, AN LAUSD AUTHORIZED CHARTER SCHOOL SERVING ELEMENTARY-AGED STUDENTS AND THEIR FAMILEIS, CONSISTENTLY RECEIVES HIGH SATISFACTION RATINGS FROM ITS PARENT COMMUNITY AND FROM THE LOS ANGELES UNIFIED SCHOOL DISTRICT. THE AFTER SCHOOL PROGRAM PROVIDES INDIVIDUALIZED INSTRUCTION AND ENRICHMENT ACTIVITIES TO REINFORCE STUDENT MASTERY OF COMMON CORE STANDARDS AND STRENGTHEN ENGAGEMENT FOR STUDENT LEARNING. PRE-SCHOOL READINESS - 42 SERVED & 84 FAMILY MEMBERS; CHARTER SCHOOL - 225 STUDENTS SERVED & 300 FAMILY MEMBERS; AFTER SCHOOL ENRICHMENT - 84 STUDENTS SERVED.
ADULT PROGRAMS - ENGLISH-LANGUAGE LITERACY & CITIZENSHIP CLASSES, THROUGH A COMBINATION OF CLASSROOM INSTRUCTION AND TECHNOLOGY-ENHANCED CURRICULUM, STUDENTS ATTAIN AQUISTION OF THE ENGLISH LANGUAGE & CITIZENSHIP STATUS. THE ADULT HIGH SCHOOL DIPLOMA PROGRAM AND THE HISET TEST PREPARATION PROGRAM SUPPORT ACHIEVEMENT FOR INDIVIDUALS WHO ARE NO LONGER WITHIN THE TRADITIONAL SCHOOL SYSTEM TO ATTAIN A HIGH SCHOOL DIPLOMA BY COMPLETING THE A-G REQUIRED COURSES. THE PUENTE DIGITAL INITIATIVE CLASSES PREPARE STUDENTS FOR THE WORKFORCE THROUGH COMPUTER CAREER TRAINING, INCLUDING GOOGLE SUITE, MICROSOFT OFFICE, AND A+ COMPUTER CERTIFICATION OFFERING. COMMUNTY ENGAGEMENT - SEMINARS AND WORKSHOPS PROVIDE ADDITIONAL SUPPORT BY PROVIDING DIRECT ACCESS TO FINANCIAL, LEGAL & HEALTH INFORMATION AND RESOURCES FOR THE PUENTE STUDENT AND FAMILY COMMUNITY AND THE COMMUNITY AT-LARGE. YOUTH PROGRAMS - A COLLEGE AND CAREER PROGRAM, WITH CURRICULUM AND ADDITIONAL ENGAGEMENT SUPPORTS, DESIGNED FOR HIGH SCHOOL STUDENTS INTERESTED IN A CAREER IN THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS FIELDS. SAT PREPARATION EXPANDS LOW-INCOME HIGH SCHOOL STUDENTS' OPPORTUNITIES FOR POST-SECONDARY EDUCATION THROUGH COMPREHENSIVE SAT PREP CLASSES AND COLLEGE TRANSITION WORKSHOPS. APPROXIMATELY 85% OF COLLEGE AND CAREER PROGRAM PARTICIPANTS ARE THE FIRST IN THEIR FAMILY TO GO TO COLLEGE. THE PUENTE SUMMER PROGRAM ENABLES ELEMENTARY-AGED STUDENTS TO CONTINUE THE MOMENTUM ACHIEVED DURING THE ACADEMIC YEAR AND TAKE CLASSES THAT ARE ENGAGING, ENRICHING, AND INCREASE SKILLS IN AREAS THAT MAY BE A CHALLENGE. SUMMER PROGRAM - 327 CHILDREN AND ADULTS SERVED. ENGLISH AS A SECOND LANGUGE - 678 STUDENTS SERVED; HIGH SCHOOL DIPLOMA - 262 STUDENTS SERVED; CAREER SKILLS - 145 STUDENTS SERVED; COMMUNITY ENGAGEMENT - 2110 INDIVIDUALS SERVED; YOUTH PROGRAMS - 21 STUDENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome G Greening Ceo, School Principal | Officer | 40 | $165,330 |
Angelica Castro V.P. Of Finance & Admin | Officer | 40 | $120,303 |
Matt Wells Vice President Of Development | Officer | 40 | $101,979 |
Michele Wolfe Vice President Of Programs | Officer | 40 | $89,022 |
Oscar Cabrales Secretary | Trustee | 2 | $0 |
Greg Gonzalez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,275 |
| Related organizations | $0 |
| Government grants | $4,365,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,205,843 |
| Noncash contributions included in lines 1a–1f | $22,918 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,597,432 |
| Total Program Service Revenue | $0 |
| Investment income | $95,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,700,314 |
| 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. | $557,275 |
| Compensation of current officers, directors, key employees. | $6,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,378,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $394,552 |
| Payroll taxes | $213,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325,128 |
| Advertising and promotion | $0 |
| Office expenses | $116,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,345 |
| Travel | $36,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $481,046 |
| Insurance | $144,066 |
| All other expenses | $99,400 |
| Total functional expenses | $6,085,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $832,853 |
| Accounts receivable, net | $472,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,061 |
| Prepaid expenses and deferred charges | $59,594 |
| Net Land, buildings, and equipment | $6,662,355 |
| Investments—publicly traded securities | $19,172,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,508 |
| Total assets | $28,285,381 |
| Accounts payable and accrued expenses | $274,040 |
| Grants payable | $0 |
| Deferred revenue | $235,807 |
| 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 | $509,847 |
| Net assets without donor restrictions | $16,787,248 |
| Net assets with donor restrictions | $10,988,286 |
| 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 | $28,285,381 |