2022-05-13T16:20:08-05:00 2021-06-30 450250958 EIDE BAILLY LLP 4040 CAMPBELL AVE STE 200 MENLO PARK CA 940251053 990 2020-07-01 823057074 LATINO EDUCATION ADVANCEMENT FOUNDATION LATI 4085855022 538 A VALLEY WAY BLDG 3 MILPITAS CA 95305 ED ALVAREZ PRESIDENT 4085855022 2022-05-12 1 ED ALVAREZ 999009999 HEATHER MAIRE CPA P00275833 6505223400 2022-05-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ED ALVAREZ 538 A VALLEY WAY BLDG 3 MILPITAS CA 95305 7951466 0 X HTTPS://WWW.LEAFCA.ORG/ X 2019 CA OUR MISSION IS TO SUPPORT SCHOOLS OPERATED BY THE FOUNDATION FOR HISPANIC EDUCATION AND TOADVANCE AND DEVELOP INITIATIVES THAT BENEFIT ALL LOW-INCOME STUDENTS ATTENDING EAST SAN JOSE SCHOOLS. 14 13 0 13 0 0 272114 2219682 3663337 2291261 1436 44388 0 0 3936887 4555331 0 0 0 0 108617 24085 0 0 0 4305835 2907146 4414452 2931231 -477565 1624100 36681923 38517995 18092409 17613710 18589514 20904285 OUR MISSION IS 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. 0 0 2282479 2291261 OUR MISSION IS 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. 2282479 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ED ALVAREZ 4085855022 538A VALLEY WAY BLDG 3 MILPITAS CA 95035 X ED ALVAREZ CHAIRMAN / CEO 40.00 X X 0 0 0 JOHN A SOBRATO VICE CHAIRMAN 5.00 X X 0 0 0 RAY RUIZ SECRETARY/ TREASURER 5.00 X X 0 0 0 RAMON JIMENEZ TRUSTEE 5.00 X 0 0 0 JOSE IGLESIAS TRUSTEE 5.00 X 0 0 0 ARNOLDO AVALOS TRUSTEE 5.00 X 0 0 0 SARAH VALENCIA TRUSTEE 5.00 X 0 0 0 HERNAN BUCHELI TRUSTEE 5.00 X 0 0 0 STEPHANIE R BRAVO TRUSTEE 5.00 X 0 0 0 LENNY ALUGAS TRUSTEE 5.00 X 0 0 0 JOSE PALAFOX TRUSTEE 5.00 X 0 0 0 MICHAEL WALKER TRUSTEE 5.00 X 0 0 0 TED BOJORQUEZ TRUSTEE 5.00 X 0 0 0 JASON RODRIGUEZ TRUSTEE 5.00 X 0 0 0 0 0 0 0 0 0 0 GARDEN CITY CONSTRUCTION 1010 SOUTH FIRST ST SAN JOSE CA 95110 GENERAL CONTRACTOR FOR TFHE MULTI-PURPOS 814587 ALVAREZ ADVISORY SERVICES 376 EL PORTAL DR SHELL BEACH CA 93449 MANAGEMENT SERVICES 210000 DERIVI CASTELLANOS ARCHITECTS 3031 W MARCH LN STE 334 STOCKTON CA 95219 DESIGN, PROJECT MANAGEMENT, CONSULTING O 130474 3 2219682 2219682 LEASE REVENUE 531120 2291261 2291261 2291261 60207 60207 3380316 3221439 174696 158877 -174696 -15819 -174696 158877 4555331 2116565 0 219084 21954 21954 2131 2131 210000 210000 12688 12688 110267 110267 15335 15335 698957 685016 13941 994179 939044 55135 UTILITIES 333695 324352 9343 PROPERTY TAX AND LICENS 175558 170642 4916 OPERATING AND MAINTENAN 157262 152859 4403 OTHER EXPENSES 126644 126644 72561 10566 61995 2931231 2282479 648752 0 621091 791040 71491 684242 1689517 1998438 118204 166884 40582212 7805396 32501235 32776816 1680385 2100015 0 560 36681923 38517995 62471 550719 253654 244595 15604557 15196082 500000 600000 1671727 1022314 18092409 17613710 X 16899998 17550377 1689516 3353908 18589514 20904285 36681923 38517995 X 1624100 26468 664203 X 0 1 X 0 0 X 272114 2219682 2491796 3663337 2291261 5954598 3935451 4510943 8446394 300000 300000 3554721 2049141 5603862 3554721 2349141 5903862 2542532 1436 60207 61643 1436 60207 61643 3936887 4571150 8508037 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5353371 5353371 32386723 6361051 26025672 1279205 492173 787032 1428903 895548 533355 134010 56624 77386 32776816 EQUITY 2100015 F 2100015 LIABILITIES RELATED TO INTEREST SWAP AGREEMENT 997314 DEPOSIT 25000 1022314 X 5246002 690671 690671 4555331 0 4555331 2931231 0 2931231 0 2931231 PART X, LINE 2: LEAF IS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. LEAF IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZAION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, LEAF IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. LEAF DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT FOUNDATION BUSINESS INCOME TAX RETURN (FORM 990T) WITH THE IRS. MANAGEMENT BELIEVES THAT LEAF HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. LEAF WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. ALVAREZ CONSULTING ENTITY OWNED BY CEO 210000 CONSULTING 0 PART IV TRANSACTIONS WITH BOARD MEMBERS LEAF ENTERED INTO A CONSULTING SERVICES CONTRACT WITH A COMPANY OWNED BY A BOARD MEMBER TO PROVIDE MANAGEMENT SERVICES TO LEAF. THE CONTRACT STIPULATES A MONTHLY FEE AND AN ADDITIONAL PROVISION FOR EXPENSES. THE AGREEMENT IS REVIEWED ANNUALLY AND RENEWED AT THE DISCRETION OF THE BOARD. TOTAL CONSULTING EXPENSE INCURRED BY LEAF FOR THE YEAR ENDED JUNE 30, 2021 WAS $210,000. X 2 805470 FMV ON DAY DONATED 0 0 0 PART I, COLUMN (B): THERE WERE TWO STOCKS DONATED 2608 SHARES OF DOCUSIGN 9075 SHARES OF UBER TECHNOLOGIES FORM 990, PART VI, SECTION A, LINE 3 THERE IS A CONTRACT WITH ALVAREZ CONSULITNG WHICH IS AN ENTITY OWNED BY THE CEO ED ALVAREZ. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S GOVERING BODY IS PROVIDED WITH THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DESIGNATED EMPLOYEE, INCLUDING GOVERNING BOARD MEMBERS, FILES A STATEMENT OF ECONOMIC INTEREST. THE ORGANIZATION'S BOARD DOES AN ANNUAL REVIEW TO CONSIDER ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT IS FOUND, APPROPRIATE STEPS ARE TAKEN TO RESOLVE THE CONFLICT. GOVERNING MEMBERS SHALL DISCLOSE A DISQUALIFYING INTEREST AT THE MEETING DURING WHICH CONSIDERATION OF THE DECISION TAKES PLACE, WHICH WILL BE MADE PART OF THEIR OFFICIAL RECORD. THE BOARD MEMBER WILL REFRAIN FROM PARTICIPATING IN THE DECISION IN ANY WAY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS AND REQUIRES THEIR DIRECT APPROVAL. THERE IS A WRITTEN EMPLOYMENT CONTRACT SIGNED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 18 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 664,203.