Latino Education Advancement Foundation

Nonprofit profile at a glance

EIN
823057074
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
San Jose, CA, USA
Phone
4083202490
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,882,183
Expenses
$4,547,233
Assets
$37,697,806
Liabilities
$16,469,976

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • BRITTANY ALVAREZ (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BRITTANY ALVAREZ (EXECUTIVE DIRECTOR): $163,390 total reported compensation
  • LIBIER GONZALEZ (FAMILY AND ADVOCACY PROGRA): $110,347 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Other-operating. 66% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 80
  • Accountability: 74
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89%; rating input score 89
  • Program expense ratio: 76%; rating input score 76
  • Fundraising efficiency: $45.31 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.4%; rating input score 98; 35th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 23rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.1%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 8.29; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 89% of revenue deployed · 76% of spending went to programs
  • Governance: 12 of 13 board members independent · 4 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $3.5M in reported program spending
  • Leadership: top reported pay $163K · 15 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $210K reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.