2014-05-13T18:31:22-05:00 2013-06-30 942763139 BERGER LEWIS ACCOUNTANCY CORP 55 ALMADEN BLVD STE 600 SAN JOSE CA 95113 990 2012-07-01 942434925 THE NHU FOUNDATION NHUF 4087292281 P O BOX 730453 SAN JOSE CA 951730453 MICHAEL RAMIREZ 4087292281 2014-05-06 1 LAWRENCE S KUECHLER P00233621 4084941200 2014-05-06 2012 2015-11-30 17:44:51Z EDWARD ALVAREZ P O BOX 730453 SAN JOSE CA 951730453 6153827 0 X WWW.NHUFOUNDATION.ORG X 1981 CA TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN AN OPPORUNITY TO ACQUIRE COLLEGE EDUCATION. 9 8 127 10 0 0 1123333 775509 5893919 5375684 1909 1797 50506 837 7069667 6153827 23430 17536 0 0 2550771 2913131 0 0 0 4682950 3897898 7257151 6828565 -187484 -674738 24235497 22826476 16771284 16037001 7464213 6789475 X TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN AN OPPORTUNITY TO ACQUIRE AN UNDERGRADUATE DEGREE OR CERTIFICATE IN A MULTICULTURAL EDUCATIONAL ENVIROMENT. 0 1 2918521 3288849 LATINO COLLEGE PREPARATORY ACADEMY - IN AUGUST 2001, LATINO COLLEGE PREPARATORY ACADEMY (LCPA)WAS GRANTED APPROVAL TO OPERATE AS A SECONDARY CHARTER SCHOOL IN THE EAST SIDE UNION HIGH SCHOOL DISTRICT OF SANTA CLARA COUNTY. THE MISSION OF LATINO COLLEGE PREPARATORY ACADEMY IS TO ENABLE UNDERSERVED HIGH SCHOOL ENGLISH LANGUAGE LEARNERS TO BECOME BI-LITERATE IN ENGLISH, SPANISH, MATHEMATICS, AND SCIENCE. THESE SKILLS WILL ENSURE THEIR ABILITY TO SUCCESSFULLY COMPLETE REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA AND PURSUE POST-SECONDARY EDUCATIONAL OPPORTUNITIES OF THEIR CHOICE.LATINO COLLEGE PREPARATORY ACADEMY OFFERS A VARIETY OF SPECIALIZED PROGRAMS DESIGNED TO CATER TO ITS NEARLY 400 STUDENTS INCLUDING:EARLY UNIVERSITY PROGRAM (EUP) - A PROGRAM IN PARTNERSHIP WITH NATIONAL HISPANIC UNIVERSITY WHERE LCPA STUDENTS CAN TAKE COLLEGE-LEVEL COURSES AT THE UNIVERSITY.SEEDS - A NASA FUNDED PROGRAM THAT ENCOURAGES STUDENTS TO PURSUE MATH, SCIENCE, AND ENGINEERING CAREERS.EXTREME SCIENCE - A PROGRAM FUNDED BY THE NATIONAL SCIENCE FOUNDATION, IN PARTNERSHIP WITH IBM AND NASA, DESIGNED TO TEACH STUDENTS THE WAYS OF SCIENCE AND HOW TO BECOME CRITICAL THINKERS IN TODAY'S WORLD. 3559149 17536 2087672 THE NHU FOUNDATION - TO PROVIDE INSTRUCTION, TRAINING AND TECHNICAL ASSISTANCE FOR INDIVIDUALS AT THE COLLEGE AND POST-GRADUATE LEVELS IN DEGREE AND NON-DEGREE PROGRAMS, TO OTHER ORGANIZATIONS AND TO PROMOTE MULTI-LINGUAL AND MULTI-CULTURAL SKILLS AND UNDERSTANDING IN THE COMMUNITY.DURING THE YEAR, 70 PEOPLE WERE INVOLVED IN THE VALDES PROGRAM, AND OVER 25 IN THE SEEDS PROGRAM. 6477670 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 93 0 127 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X MICHAEL RAMIREZ 4087292281 P O BOX 730453 SAN JOSE CA 951730453 EDWARD ALVAREZ 40.00 X X 120000 0 0 JOHN SOBRATO 2.00 X X 0 0 0 RAYMOND RUIZ 2.00 X X 0 0 0 RAMON JIMENEZ 2.00 X 0 0 0 JOE PARISI 2.00 X 0 0 0 HENRY MICHON 2.00 X 0 0 0 MARIA SCHABBING 2.00 X 0 0 0 MICHAEL WALKER 2.00 X 0 0 0 DAVID NEIGHBORS 2.00 X 0 0 0 MICHAEL RAMIREZ 40.00 X 84000 0 6000 204000 0 6000 1 0 0 0 0 520325 255184 2200 775509 STATE DEPARTMENT OF ED 611600 2701823 2701823 LEASE INCOME 531120 2087672 2087672 FEDERAL CONTRACTS 611600 410068 410068 GOVERNMENT FOOD PRG 611710 176121 176121 5375684 1797 1797 OTHER INCOME 611710 837 837 837 6153827 5376521 0 1797 X 17536 17536 210000 195300 14700 2260111 2026004 234107 344914 309541 35373 98106 88099 10007 10790 9689 1101 60001 53881 6120 709014 708830 184 21471 21471 348506 325349 23157 2297 2251 46 951019 931999 19020 12364 12364 8165 8165 1117702 1117702 360647 360647 24480 18360 6120 FOOD PROGRAM 177032 177032 EARLY UNIVERSITY EXPENS 48000 47040 960 STUDENT RELATED EXPENSE 32260 32260 GRANT EXP 14150 14150 6828565 6477670 350895 0 603001 523544 2557579 1864671 542496 527475 69543 0 49913 4400 21489269 2944026 18866943 18545243 94379 84083 1451643 1277060 24235497 22826476 849077 745895 14977664 14837645 944543 453461 16771284 16037001 X 6864213 6170984 600000 618491 7464213 6789475 24235497 22826476 -674738 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 750000 750000 750000 750000 750000 750000 750000 750000 750000 750000 0.33330 0.66670 0 0 5353371 5353371 16022939 2884130 13138809 103658 56796 46862 9301 3100 6201 18545243 DEFERRED LEASE ASSET 1277060 1277060 DEFERRED LEASE REVENUE/LIABILITIES 386047 EMPLOYEE DEFERRED COMPENSATION 50000 ACCRUED LEASE EXPENSE - SUB-LEASE 17414 453461 X 6153827 0 6153827 0 6153827 6828565 0 6828565 0 6828565 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE NHU FOUNDATION'S ENDOWMENT CONSISTS OF AN ENDOWMENT CHALLENGE GRANT FROM THE US DEPARTMENT OF EDUCATION. THIS FUND CONSISTS OF A $500,000 TEMPORARILY RESTRICTED GRANT.THE ENDOWMENT CHALLENGE GRANT REQUIRES THE ORGANIZATION TO MAINTAIN A BOARD DESIGNATED FUND WITH ONE DOLLAR OF NON FEDERAL FUNDS FOR EVERY TWO DOLLARS OF FEDERAL FUNDS OR $250,000. THIS FUND IS TO BE MAINTAINED DURING THE CHALLENGE PERIOD OF 20 YEARS. UP TO 50% OF THE AGGREGATE EARNED INCOME FROM THE FUND MAY BE USED FOR THE COSTS TO OPERATE THE INSITUTION, ADMINISTER THE ENDOWMENT AND COSTS OF BUYING AND SELLING SECURITIES WITHIN THE FUND. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: UNCERTAINTY IN INCOME TAXES - GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING ANDDISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE FOUNDATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATION'S FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2012, 2011 AND 2010 COULD BE SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE FOUNDATION'S STATE RETURNS FOR THE YEARS ENDED JUNE 30, 2012, 2011, 2010 AND 2009 COULD BE SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE ORGANIZATION HAS NOT USED NEWAPAPERS 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION FOR A SPECIAL EDUCATION CREDENTIAL AND MASTER'S PROGRAM AT THE NATIONAL HISPANIC UNIVERSITY TO PRODUCE CAREER TEACHERS THROUGH TWO YEARS OF MENTORING AND AN INDIVIDUAL INSTRUCTIONAL PLAN TAILORED TO THE STUDENTS NEEDS. FUNDS ARE ALSO RECEIVED FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR THE OPERATION OF LATINO COLLEGE PREPARATORY ACADEMY (LCPA). LCPA WAS GRANTED APPROVAL TO OPERATE AS A SECONDARY CHARTER SCHOOL IN THE EAST SIDE UNION HIGH SCHOOL DISTRICT OF SANTA CLARA COUNTY. 0 STUDENT SCHOLARSHIPS 33 17536 NHU LLC THE NHU FOUNDATION HAS 20% INTEREST IN NHU, LLC 1665917 PRIME LEASE: THE FOUNDATION EXECUTED A LEASE AGREEMENT WITH LAUREATE FOR USE OF THE REAL PROPERTY OWNED BY THE FOUNDATION (THE "PRIME LEASE"). LAUREATE ENTERED INTO A SUBLEASE AGREEMENT WITH NHU, LLC, DATED APRIL 15, 2010, FOR A TERM OF 10 YEARS, SUBJECT TO THE SAME TERMS AS THE PRIME LEASE. FOR THE YEAR ENDED JUNE 30, 2013, INCOME EARNED BY THE NHU FOUNDATION UNDER THE PRIME LEASE WAS $1,500,000 AND UNDER THE SUBLEASE WAS $165,917. 0 NHU LLC THE NHU FOUNDATION HAS 20% INTEREST IN NHU, LLC 399999 SUB-SUBLEASE: THE FOUNDATION THEN EXECUTED A SUB-SUBLEASE AGREEMENT (THE "SUB-SUBLEASE") WITH NHU, LLC, DATED APRIL 15, 2010, FOR A TERM OF 38.5 MONTHS, COVERING THE PORTION OF THE LAND AND BUILDINGS THAT THE FOUNDATION CONTINUES TO UTILIZE. FOR THE PERIOD FROM JULY 1, 2012 TO JUNE 30, 2013, EXPENSE INCURRED UNDER THE SUB-SUBLEASE WAS $399,999. 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED ITS FIPSE GRANT PROGRAM IN DECEMBER OF 2012. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATIONS 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINED THE COMPENSATION FOR THE CEO. THE CEO DETERMINES 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. OTHER FEES FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 9,010. MANAGEMENT AND GENERAL EXPENSES 184. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,194. PROFESSOR: PROGRAM SERVICE EXPENSES 45,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,000. LEADERSHIP TRAINING: PROGRAM SERVICE EXPENSES 15,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,000. CIRRICULUM DEVELOPMENT: PROGRAM SERVICE EXPENSES 309,804. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 309,804. PROGRAM MANAGEMENT: PROGRAM SERVICE EXPENSES 26,584. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,584. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 303,432. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 303,432. DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14: THE ORGANIZATION ADOPTED AND IMPLEMENTED A DOCUMENT RETENTION AND DESTRUCTION POLICY AFTER THE END OF THE 2012 TAX YEAR. NATIONAL HISPANIC UNIVERSITY LLC 650 S EXETER STREET 12TH FLOOR TAX BALTIMORE MD 21201 271473627 TO PROVIDE EDUCATIONAL SERVICES MD RELATED 0 0 -1158771 0 0 0.20000