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 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 IMPROVE ECONOMIC INCOMES FOR ALL CURRENTLY SOCIO-ECONOMICALLY DISADVANTAGED LATINX STUDENTS AND OTHER STUDENTS OF COLOR. BY PROVIDING SERVICES AND ADVOCACY, THROUGH HIGHER EDUCATION ATTAINMENT AND CAREER MOBILITY, AND TO ACCOMPLISH SUCH PREDOMINANTLY IN EAST SAN JOSE.

Program Service Accomplishments

Program 1
Expenses: $1,823,827

LEAF CENTER FOR COLLEGE SUCCESS (LCCS):THE LEAF CENTER FOR COLLEGE SUCCESS (LCCS) OFFERS A STRUCTURED APPROACH TO INCREASING COLLEGE ENROLLMENT AND RETENTION FOR FIRST-GENERATION STUDENTS OF COLOR...

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LEAF CENTER FOR COLLEGE SUCCESS (LCCS):THE LEAF CENTER FOR COLLEGE SUCCESS (LCCS) OFFERS A STRUCTURED APPROACH TO INCREASING COLLEGE ENROLLMENT AND RETENTION FOR FIRST-GENERATION STUDENTS OF COLOR. LCCS PROVIDES ESSENTIAL RESOURCES AND SUPPORT SERVICES FOR LATINX STUDENTS AND THEIR FAMILIES IN EAST SAN JOSE ENROLLING IN A COMMUNITY COLLEGE, UNIVERSITY, OR TRADE AND CERTIFICATION PROGRAMS. IN BRIEF, LCCS MENTORS, GUIDE, AND EMPOWER FIRST-GENERATION STUDENTS AND THEIR FAMILIES TO (1) BUILD A COLLEGE-GOING CULTURE, (2) CONFIDENTLY NAVIGATE THE COLLEGE ENROLLMENT PROCESS, (3) PERSIST THROUGH COLLEGE, AND (4) GRADUATE WITH A CLEAR CAREER PATHWAY. LEAF'S LCCS PROGRAMMING HAS SERVED OVER 900 STUDENTS AND FAMILIES SINCE 2021, INCLUDING OVER 800 LEAF SCHOLARS, NEARLY 100 MENTORS, AND OVER 500 FAMILIES (96% OF LEAF'S SCHOLARS ARE FIRST-GENERATION COLLEGE STUDENTS). TO DATE, LEAF HAS DISTRIBUTED OVER $1,600,000 TO HELP STUDENTS MEET THOSE NEEDS. SCHOLARSHIPS HAVE GONE DIRECTLY TO STUDENTS, MENTORS, AND FAMILIES, AND HAVE BEEN INCREDIBLY IMPACTFUL IN KEEPING THEM ENGAGED AND ENROLLED IN COLLEGE. THIS HAS ENABLED THE FOLLOWING OUTCOMES:-81% OF STUDENTS IN LEAF'S PERSIST IN COLLEGE (ENROLL FORM YEAR TO YEAR).-OF THESE, 50% ARE ENROLLED IN COMMUNITY COLLEGES OR TRADE SCHOOL/CERTIFICATE PROGRAMS, 50% ARE IN 4-YEAR COLLEGE PROGRAMS. LEAF ADVOCACY:LEAF ADVOCACY AIMS TO SUPPORT THE SPREAD OF UNDERREPRESENTED LATINX VOICES TO CHANGE THE SYSTEM'S DISPARATE IMPACT THAT OUR COMMUNITY IN EAST SAN JOS FACES. THIS WORK IS FOCUSED ON DEVELOPING A COLLEGE AND CAREER READINESS CULTURE IN SAN JOS VIA FOUR CORE COMPONENTS: (1) ENGAGEMENT OF EASTSIDE STUDENTS AND FAMILIES IN A PARTICIPATORY PROCESS TO PROMOTE PARENT AND STUDENT VOICES; (2) IMPROVEMENT OF CORE SUBJECT PROFICIENCY OF EASTSIDE STUDENTS LEADING TO AN INCREASE IN LATINX GRADUATES WHO PASS A-G COURSEWORK; (3) PROVIDE A COLLEGE AND CAREER-ALIGNED READINESS PROGRAM TO INCREASE ENROLLMENT AND PERSISTENCE IN TWO-YEAR COLLEGES AND FOUR-YEAR UNIVERSITIES; AND (4) ADVOCATE FOR EQUITABLE FUNDS FOR EAST SAN JOSE SCHOOLS TO BE ON PAR OR ABOVE THE HIGHEST PER-PUPIL ALLOCATION IN SANTA CLARA COUNTY.

Program 2
Expenses: $1,631,045 Revenue: $2,362,981

RENTAL OPERATIONS (LEAF) -AS PART OF LEAF'S COMMITMENT TO FURTHER THE MISSION OF SUPPORTING TFHE-OPERATED SCHOOLS AND ADVANCING INITIATIVES THAT SERVE THE BEST INTERESTS OF ECONOMICALLY DISADVANTAGED...

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RENTAL OPERATIONS (LEAF) -AS PART OF LEAF'S COMMITMENT TO FURTHER THE MISSION OF SUPPORTING TFHE-OPERATED SCHOOLS AND ADVANCING INITIATIVES THAT SERVE THE BEST INTERESTS OF ECONOMICALLY DISADVANTAGED STUDENTS IN EAST SAN JOSE, LEAF'S RENTAL OPERATIONS ARE DEDICATED TO PROVIDING A STABLE AND ACCOMMODATING ENVIRONMENT FOR THE CHARTER SCHOOLS SITUATED ON OUR PREMISES. THESE INSTITUTIONS INCLUDE THE ROBERTO CRUZ LEADERSHIP ACADEMY (RCLA) AND LATINO COLLEGE PREPARATORY ACADEMY (LCPA). IN ADDITION TO THESE CHARTER SCHOOLS, OUR PROPERTY HOSTS THE VOICES COLLEGE-BOUND LANGUAGE ACADEMICS, SITUATED WITHIN A MODULAR VILLAGE, AND ACCOMMODATES A SATELLITE FACILITY FOR SANTA CLARA UNIVERSITY. THESE EDUCATIONAL ORGANIZATIONS CONTRIBUTE TO THE VITALITY OF OUR COMMUNITY AND, IN RETURN, COMPENSATE LEAF FOR THEIR USE OF OUR FACILITIES.

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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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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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