2021-05-17T22:57:59-05:00 2020-06-30 450250958 EIDE BAILLY LLP 4040 CAMPBELL AVE STE 200 MENLO PARK CA 940251053 990 2019-07-01 942434925 THE FOUNDATION FOR HISPANIC EDUCATION FOUN 4085855022 14271 STORY RD SAN JOSE CA 95127 RAMON I JIMENEZ BOARD PRESIDENT 4085855022 2021-04-21 1 HEATHER MAIRE CPA P00275833 6505223400 2021-05-17 2019 2022-09-23 18:48:47Z RAMON I JIMENEZ 16182416 0 X WWW.TFHE.ORG X 1981 CA TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN WITH AN OPPORTUNITY TO AQUIRE AN EDUCATION. 8 8 166 20 0 0 22689120 15831439 1203624 69049 173081 1408 188154 280520 24253979 16182416 0 0 0 0 10711627 10457495 0 0 0 6432962 4089090 17144589 14546585 7109390 1635831 40069516 4696412 19021921 2112995 21047595 2583417 X THE MISSION OF THE FOUNDATION FOR HISPANIC EDUCATION IS TO PROVIDE LEADERSHIP IN THE EDUCATION OF ENGLISH LANGUAGE LEARNERS (ELL) AND THE DEVELOPMENT OF SPECIALIZED TRAINING PROGRAMS FOR TEACHERS OF ENGLISH LANGUAGE LEARNERS. 0 1 5693940 6815321 IN 2001, IN RESPONSE TO THE BURGEONING LATINO POPULATION IN SAN JOSE, THE FOUNDATION FOR HISPANIC EDUCATION ESTABLISHED A BILINGUAL CHARTER SCHOOL, LATINO COLLEGE PREPARATORY ACADEMY (LCPA).SINCE THEN, THE MISSION OF LCPA HAS BEEN TO ENABLE UNDERSERVED HIGH SCHOOL ENGLISH LANGUAGE LEARNERS (ELL) TO BECOME BI-LITERATE IN ENGLISH AND SPANISH AND PROFICIENT IN MATHEMATICS AND SCIENCE WHILE REMAINING CULTURALLY RESPONSIVE TO ENSURE THEIR ABILITY TO SUCCESSFULLY COMPLETE REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA AND PURSUE POST-SECONDARY EDUCATIONAL OPPORTUNITIES. 3915570 4745684 IN 2014, THE FOUNDATION FOR HISPANIC EDUCATION OPENED ITS SECOND CHARTER HIGH SCHOOL SERVING THE EAST SAN JOSE COMMUNITY, LUIS VALDEZ LEADERSHIP ACADEMY (LVLA). LVLA IS COMMITTED TO PROVIDING A RIGOROUS ACADEMIC PROGRAM DESIGNED TO INSTILL A LIFELONG PASSION FOR LEARNING AND TO EQUIP STUDENTS WITH THE SKILLS FOR SOCIAL AND ACADEMIC SUCCESS AT FOUR YEAR COLLEGES, UNIVERSITIES AND LOCAL COMMUNITY COLLEGES.LVLA HAS EMBODIED THE LEGACY OF ITS NAMESAKE, LUIS VALDEZ, BY INTEGRATING A VISUAL, PERFORMING ARTS, AND DIGITAL MEDIA PROGRAM INTO ITS CURRICULUM. THROUGH ITS CULTURALLY SUSTAINING PEDAGOGY, LVLA AIMS TO GRADUATE EMPOWERED YOUNG ADULTS WHO ARE POISED, CONFIDENT, AND ARTICULATE LEADERS. 3316973 4321776 THE MISSION OF THE ROBERTO CRUZ LEADERSHIP ACADEMY (RCLA) IS TO EMPOWER STUDENTS TO BECOME COMMUNITY LEADERS AND SOCIALLY CONSCIOUS EDUCATORS. RCLA IMPLEMENTS A RIGOROUS TEACHER ACADEMY THAT INTEGRATES TECHNOLOGY, REAL WORLD PROJECTS, COMMUNITY VALUES, BI-LITERACY, AND AN ENVIRONMENT THAT PROMOTES PERSONALED LEARNING WHERE STUDENTS HAVE ACCESS TO POST-SECONDARY EDUCATIONAL OPPORTUNITIES. RCLA AIMS TO EDUCATE STUDENTS THROUGH COLLEGE PREPARATORY COURSES THAT EMPOWER THEM TO BE ACADEMICALLY LITERATE, CRITICAL THINKERS, EFFECTIVE COMMUNICATORS AND INDEPENDENT PROBLEM SOLVERS WHO ARE AGENTS OF EDUCATION AND SOCIAL JUSTICE WITH A COMMITMENT TOWARD THE COMMUNITY AROUND THEM. 6424 299635 PROVIDED LEADERSHIP IN THE EDUCATION OF ENGLISH LANGUAGE LEARNERS(ELL) AND THE DEVELOPMENT OF SPECIALIZED TRAINING PROGRAMS FOR TEACHERS OF ENGLISH LANGUAGE LEARNERS. 6424 299635 12932907 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 166 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X JAMIE SANCHEZ 4085855022 14271 STORY ROAD SAN JOSE CA 95127 MARIA F HERNANDEZ-SCHABBING TRUSTEE 2.00 X 0 0 0 RAMON I JIMENEZ MD BOARD PRESIDENT 2.00 X 2250 0 0 JOSE IGLESIAS TRUSTEE 2.00 X 0 0 0 SARAH VALENCIA SECRETARY AND TREASURER 2.00 X 0 0 0 JESUS J ROCHA TRUSTEE 2.00 X 0 0 0 DAVID OROZCO TRUSTEE 2.00 X 0 0 0 EVA BLANCO MASIAS TRUSTEE 2.00 X 0 0 0 JOSHUA QUITORIANO CFO 40.00 X 85000 0 8200 SHERRY SEGURA CEO 40.00 X 185000 0 43300 SANDRA E JEWETT CHIEF OF HR AND COMPLIANCE 40.00 X 140000 0 35421 JANICE CHAVEZ DIRECTOR OF SPECIAL EDUCATION 40.00 X 97501 0 19963 BRITTANY ALVAREZ DIRECTOR OF PATHWAY TO COLLEGE PROGRAM AND CAREER 40.00 X 115500 0 9892 DAVID WULFF SPORTS DIRECTOR 40.00 X 114044 0 36965 JESUS RIOS SCHOOL PRINCIPAL 40.00 X 124750 0 44111 ROCHELLE E FONG DIRECTOR OF STUDENT SERVICE 40.00 X 128000 0 27174 CLAUDIA MORENO SCHOOL PRINCIPAL 40.00 X 116000 0 25290 ROBERT PALOMO VICE-PRINCIPAL 40.00 X 112000 0 25035 1220045 0 275351 4 0 1 0 JOHN SOBRATO 500 RACE STREET APT 4004 SAN JOSE CA 95126 EDUCATIONAL CONSULTANT 108617 1 14619062 1212377 15831439 LEASE REVENUE 531120 36017 36017 33032 33032 69049 1408 1408 OTHER LOCAL REVENUE 900099 280520 280520 280520 16182416 0 0 350977 480750 480750 7568627 7252914 315713 2103285 1961782 141503 304833 260966 43867 82528 82528 34947 34947 488674 455900 32774 58690 14997 43693 37387 37387 1716881 1634997 81884 43055 40755 2300 4120 4120 30330 30330 89975 89975 EQUIPMENT MAINTENANCE A 420461 305366 115095 INSTRUCTIONAL MATERIALS 343252 279228 64024 FOOD PROGRAM 275986 275986 FEES RELATING TO SERVIC 183092 106764 76328 279712 275535 4177 14546585 12932907 1613678 0 81825 1986426 43479 18106 2153228 1121 1706608 2173295 10210 198519 232591 341208 66545 33975538 274663 1761755 148564 40069516 4696412 1473366 535910 270214 16507010 43648 771331 1533437 19021921 2112995 X 18844845 2532773 2202750 50644 21047595 2583417 40069516 4696412 X 1635831 31531 -20131540 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137077 13708 123369 159772 52837 106935 44359 44359 274663 CASH OVERDRAFT 128079 PPP LOAN 1405358 1533437 16213947 31531 31531 16182416 0 16182416 14546585 0 14546585 0 14546585 PART X LINE 25 THE FOUNDATION IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE FOUNDATION FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION HAS NOT USED NEWSPAPER OR BROADCAST MEDIA IN A MANNER NECESSITATING PUBLICIZING THE NON-DISCRIMINATION POLICY. THE NON-DISCRIMINATION POLICY CAN BE FOUND ON THE WEBSITE, IN THE STUDENT HANDBOOK AND IN CATALOG MATERIALS. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: FUNDS ARE RECEIVED FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR THE OPERATION OF LATINO COLLEGE PREPARATORY ACADAMY (LCPA), LUIS VALDEZ LEADERSHIP ACADEMY (LVLA) AND B ROBERTO CRUZ LEADERSHIP ACADEMY (RVLA). THE THREE SCHOOLS WERE GRANTED APPROVAL TO OPERATE AS A SECONDARY CHARTER SCHOOL IN THE EAST SIDE UNION HIGH SCHOOL DISTRICT OF SANTA CLARA COUNTY. 0 0 0 0 0 0 0 0 0 SHERRY SEGURA CEO 185000 0 0 0 0 0 28944 0 14356 0 228300 0 0 0 SANDRA E JEWETT CHIEF OF HR AND COMPLIANCE 140000 0 0 0 0 0 25421 0 10000 0 175421 0 0 0 DAVID WULFF SPORTS DIRECTOR 99974 0 14070 0 0 0 19247 0 17718 0 151009 0 0 0 JESUS RIOS SCHOOL PRINCIPAL 124750 0 0 0 0 0 21150 0 22961 0 168861 0 0 0 ROCHELLE E FONG DIRECTOR OF STUDENT SERVICE 128000 0 0 0 0 0 21712 0 5462 0 155174 0 0 0 PART I, LINE 3: 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. LATINO EDUCATION ADVANCEMENT FOUNDATION INDEPENDENT COMPONENT X 10210 0 1 1 10210 FORM 990, PART III, LINE 3 ON JULY 1, 2019, THE FOUNDATION REORGANIZED ITS BUSINESS INTO TWO SEPARATE INDEPENDENT COMPONENTS, SCHOOLS AND RENTAL BUSINESS. IN AUGUST, THE REORGANIZATION WAS APPROVED. THE FOUNDATION OPERATES THREE CHARTER SCHOOLS AND LATINO EDUCATION ADVANCEMENT FOUNDATION (LEAF) MANAGES RENTAL AND LEASING BUSINESS (ALSO A 501(1)(3) NONPROFIT ORGANIZATION). THE FOUNDATION AND LEAF HAVE TWO SEPARATE GOVERNING BOARDS. TWO BOARD MEMBERS OF THE FOUNDATION ALSO SERVE AS BOARD MEMBERS ON THE LEAF'S GOVERNING BOARDS. THE FOUNDATION DOES NOT CONTROL LEAF. DURING THE YEAR, THE FOUNDATION HAS TRANSFERRED APPROXIMATELY $37.87 MILLION ASSETS AND $17.74 MILLION LIABILITIES TO LEAF. FORM 990, PART VI, SECTION A, LINE 4 ON JULY 1, 2019, THE FOUNDATION REORGANIZED ITS BUSINESS INTO TWO SEPARATE INDEPENDENT COMPONENTS, SCHOOLS AND RENTAL BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY THE CFO AND PRESIDENT. ANY CHANGES OR REVISIONS ARE INCORPORATED INTO THE FILING PRIOR TO SUBMITTING TO THE IRS. 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 15 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 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO LATINO EDUCATION ADVANCEMENT FOUNDATION -20,131,540.