2020-06-02T16:09:39-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2018-07-01 942434925 THE FOUNDATION FOR HISPANIC EDUCATION FOUN 4085855022 14271 STORY ROAD SAN JOSE CA 95127 ED ALVAREZ BOARD PRESIDENT 4085855022 2020-05-05 1 DERRICK DEBRUYNE P00591016 6268577300 2020-05-05 67.137.57.251 2020-05-05 13:40:17 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 27A6222CFFEBFE8FBB9F4E56C64EC30A10B1F06A 2018 2021-01-29 14:40:06Z ED ALVAREZ 14271 STORY ROAD SAN JOSE CA 95127 24833174 0 X WWW.TFHE.ORG X 1981 CA TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN WITH AN OPPORTUNITY TO ACQUIRE AN EDUCATION. 12 10 175 20 0 0 20832582 22689120 1808317 1203624 55080 173081 100008 188154 22795987 24253979 58116 0 0 0 10070367 10711627 0 0 0 6304223 6432962 16432706 17144589 6363281 7109390 38182116 40069516 23347938 19021921 14834178 21047595 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 0 5634797 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. 4300562 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. 3435878 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 PERSONALIZED 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. 681601 PROVIDED LEADERSHIP IN THE EDUCATION OF ENGLISH LANGUAGE LEARNERS(ELL) AND THE DEVELOPMENT OF SPECIALIZED TRAINING PROGRAMS FOR TEACHERS OF ENGLISH LANGUAGE LEARNERS. 681601 14052838 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 175 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X CYNTHIA TAPIA 4085855022 14271 STORY ROAD SAN JOSE CA 95127 EDWARD M ALVAREZ ESQ CHAIR/CEO 40.00 X X 132000 0 0 JOHN A SOBRATO VICE CHAIR 2.00 X X 0 0 0 RAYMOND L RUIZ SECRETARY 2.00 X X 0 0 0 MARIA F HERNANDEZ-SCHABBING TRUSTEE 2.00 X 0 0 0 RAMON I JIMENEZ MD TRUSTEE 2.00 X 0 0 0 HENRY MICHON TRUSTEE 2.00 X 0 0 0 JORGE ESCOBAR TRUSTEE 2.00 X 0 0 0 JOE PARISI TRUSTEE 2.00 X 0 0 0 MICHAEL WALKER TRUSTEE 2.00 X 0 0 0 JOSE IGLESIAS TRUSTEE 2.00 X 0 0 0 SARAH VALENCIA TRUSTEE 2.00 X 0 0 0 ARNOLDO AVALOS TRUSTEE 2.00 X 0 0 0 JOSHUA QUITORIANO CFO 40.00 X 143000 0 18144 SHERRY SEGURA CEO 40.00 X 180000 0 41496 JEFFREY CAMARILLO SCHOOL PRINCIPAL 40.00 X 135750 0 33363 JESUS RIOS SCHOOL PRINCIPAL 40.00 X 120750 0 38113 ROCHELLE E FONG DIRECTOR OF STUDENT SERVIC 40.00 X 120000 0 23511 IRENE CASTILLON ACADEMIC DEAN 40.00 X 112250 0 22256 CLAUDIA MORENO SCHOOL PRINCIPAL 40.00 X 113784 0 22742 1057534 0 199625 9 0 1 0 DERIVI CASTELLANOS ARCHITECTS 924 N YOSEMITE STREET STOCKTON CA 95320 ARCHITECTURE AND PROJECT MANAGEMENT 253438 GILBERT CHAVEZ 182 HOLLYWOOD SAN JOSE CA 95122 CONTRACTOR 206378 ADRIANA SAN MILLAN SCHOOL OF PHYSCOLOGY 305 VINEYARD TOWN CENTER 273 MORGAN HILL CA 95037 SPECIAL EDUCATION 162695 PROCOPIO CORY HARGREAVES & SAVITCH LLP PO BOX 515137 LOS ANGELES CA 90051 LEGAL 106815 4 14261635 8427485 22689120 LEASE INCOME 531120 1203624 1203624 1203624 65187 65187 595595 91494 579195 0 16400 91494 107894 107894 FEES & CONTRACTS 900099 100919 100919 ALL OTHER REVENUE 900099 87235 87235 188154 24253979 0 0 1564859 556086 556086 7959372 7531787 427585 1025076 986689 38387 840885 813531 27354 330208 288896 41312 101406 101406 52679 52679 11897 11897 1112065 855970 256095 17519 13584 3935 33277 33277 1731992 1360689 371303 60706 54585 6121 823411 28084 795327 1004787 955691 49096 175549 175549 FOOD PROGRAM 370150 370150 INSTRUCTIONAL MATERIALS 273962 214492 59470 STUDENT RELATED EXPENSE 226853 226853 436709 318560 118149 17144589 14052838 3091751 0 81825 1468756 43479 4058907 2153228 1706608 149952 198519 39994026 6018488 29563568 33975538 2263177 1761755 677756 148564 38182116 40069516 3430566 1473366 772993 270214 19110875 16507010 33504 771331 23347938 19021921 X 12178599 18844845 2655579 2202750 14834178 21047595 38182116 40069516 X 7109390 42193 -938166 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5353371 5353371 31085173 5134269 25950904 1686442 372476 1313966 1552687 511743 1040944 316353 316353 33975538 INTEREST RATE SWAP AGREEMENT 597056 CASH OVERDRAFT 174275 771331 X 23346109 42193 -938166 -895973 24242082 11897 11897 24253979 17132692 0 17132692 11897 11897 17144589 PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT 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 BUSINES INCOME TAX RETURN IN THE US FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AGREEMENT -938,166. 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. SCHEDULE E, PART I, LINE 6 FUNDS ARE RECEIVED FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR THE OPERATION OF LATINO COLLEGE PREPARATORY ACADEMY (LCPA), LUIS VALDEZ LEADERSHIP ACADEMY (LVLA) AND B ROBERTO CRUZ LEADERSHIP ACADEMY (RCLA). 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. X X 0 0 0 0 0 0 0 0 0 JOSHUA QUITORIANO CFO 143000 0 0 0 0 0 6198 0 11946 0 161144 0 0 0 SHERRY SEGURA CEO 180000 0 0 0 0 0 26196 0 15300 0 221496 0 0 0 JEFFREY CAMARILLO SCHOOL PRINCIPAL 135750 0 0 0 0 0 20898 0 12465 0 169113 0 0 0 JESUS RIOS SCHOOL PRINCIPAL 120750 0 0 0 0 0 18567 0 19546 0 158863 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. 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 THE BOARD DETERMINED THE COMPENSATION FOR THE CEO. THE CEO DETERMINED THE COMPENSATION FOR DIRECT REPORTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT -938,166.