LATINO EDUCATION ADVANCEMENT FOUNDATION

EIN: 823057074 501(c)(3) Education

SAN JOSE, CA

Total Revenue
$3,882,183
Total Expenses
$4,547,233
Total Assets
$37,697,806
Net Assets
$21,227,830
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
ED ALVAREZ
Phone
4083202490
Tax Period
2024-07-01 to 2025-06-30

LATINO EDUCATION ADVANCEMENT FOUNDATION, founded in 2017, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,163,447
Program Service Revenue $16,750
Investment Income $138,511
Other Revenue $2,563,475
TOTAL REVENUE $3,882,183

Expense Breakdown

Grants Paid $591,222
Salaries & Benefits $1,503,020
Fundraising Expenses $25,677
Program Expenses $3,454,872
Other Expenses $2,452,991
TOTAL EXPENSES $4,547,233

Year-over-Year Comparison

2024 2023 Change
Revenue $3,882,183 $4,913,595 -0.2%
Expenses $4,547,233 $5,204,986 -0.1%
Net Income $-665,050 $-291,391 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
19
Volunteers
120

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$163,390
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD ALVAREZ CHAIRMAN 40.00
Officer Director
$0 $0 $0
BRITTANY ALVAREZ EXECUTIVE DIRECTOR 40.00
Officer
$154,643 $8,747 $163,390
JOSE IGLESIAS VICE CHAIR 5.00
Director
$0 $0 $0
MONICA TIJERINA SECRETARY 5.00
Director
$0 $0 $0
LENNY ALUGAS TRUSTEE 5.00
Director
$0 $0 $0
DR VIOLETA BARROSO TRUSTEE 5.00
Director
$0 $0 $0
STEPHANIE BRAVO-JAFARI TRUSTEE 5.00
Director
$0 $0 $0
ANDRE CHAPMAN TRUSTEE 5.00
Director
$0 $0 $0
LILLY PINEDO GANGAI TRUSTEE 5.00
Director
$0 $0 $0
HEATHER HERRERA TRUSTEE 5.00
Director
$0 $0 $0
DR RAMON JIMENEZ TRUSTEE 5.00
Director
$0 $0 $0
JOHN OTTOBONI TRUSTEE 5.00
Director
$0 $0 $0
JOHN MATTHEW SOBRATO TRUSTEE 5.00
Officer Director
$0 $0 $0
JENNIFER THOMPSON TRUSTEE 5.00
Director
$0 $0 $0
LIBIER GONZALEZ FAMILY AND ADVOCACY PROGRA 40.00
Highest
$103,295 $7,052 $110,347
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,882,183 $4,547,233 $37,697,806 $-665,050
2024 $4,913,595 $5,204,986 $37,566,009 $-291,391
2023 $4,035,315 $4,499,257 $36,492,998 $-463,942
2022 $3,258,843 $3,593,814 $37,181,083 $-334,971
2021 $4,555,331 $2,931,231 $38,517,995 $1,624,100
2020 $3,936,887 $4,414,452 $36,681,923 $-477,565
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