2013-02-12T19:10:06-06:00 2012-06-30 942763139 BERGER LEWIS ACCOUNTANCY CORP 55 ALMADEN BLVD STE 600 SAN JOSE CA 95113 990 2011-07-01 942434925 THE NHU FOUNDATION NHUF 4087292281 P O BOX 730453 SAN JOSE CA 951730453 MICHAEL RAMIREZ 4087292281 2013-02-12 1 LAWRENCE S KUECHLER P00233621 4084941200 2013-02-12 2011 2016-02-25 16:41:14Z EDWARD ALVAREZ P O BOX 730453 SAN JOSE CA 951730453 7069667 0 X WWW.NHUFOUNDATION.ORG X 1981 CA TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN AN OPPORUNITY TO ACQUIRE COLLEGE EDUCATION. 9 8 87 8 0 0 1051843 1123333 5723390 5893919 98 1909 -788324 50506 5987007 7069667 0 23430 0 0 2558635 2550771 0 0 0 3366581 4682950 5925216 7257151 61791 -187484 21215046 24235497 14316272 16771284 6898774 7464213 X TO PROVIDE HISPANICS, OTHER MINORITIES, AND WOMEN AN OPPORTUNITY TO ACQUIRE AN UNDERGRADUATE DEGREE OR CERTIFICATE IN A MULTICULTURAL EDUCATIONAL ENVIROMENT. 0 1 3605730 3706816 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. 3138980 23430 2237609 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, 150 PEOPLE WERE INVOLVED IN THE VALDES PROGRAM, 40 PEOPLE IN THE FIPSE GRANT AND OVER 25 IN THE SEEDS PROGRAM. 6744710 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 1 0 0 0 0 0 0 0 0 1 1 84 0 87 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 0 1 0 1 1 0 CA X CARLA LEON 4087292281 PO 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 20240 204000 0 20240 1 0 0 0 0 622910 500423 224255 1123333 STATE DEPARTMENT OF ED 611600 3106307 3106307 LEASE INCOME 531120 2087306 2087306 FEDERAL CONTRACTS 611600 436962 436962 GOVERNMENT FOOD PRG 611710 263344 263344 5893919 1909 1909 OTHER INCOME 611710 50506 50506 50506 7069667 5944425 0 1909 23430 23430 224240 208543 15697 1901808 1701296 200512 331885 297385 34500 92838 83369 9469 60962 60962 82104 82104 975822 974865 957 10007 10007 418872 407921 10951 48466 47497 969 944035 925155 18880 31949 31949 1027968 1027968 353016 353016 62540 46905 15635 FOOD PROGRAM 254767 254767 DONATED TEXTBOOKS 224255 224255 EARLY UNIVERSITY EXPENS 73000 73000 LOSS ON SALE OF A/R 61805 61805 53382 53382 7257151 6744710 512441 0 210724 603001 7724 2557579 356515 542496 160905 69543 28178 49913 21460618 2593675 19164940 18866943 94379 1286060 1451643 21215046 24235497 941970 849077 400000 12291052 14977664 683250 944543 14316272 16771284 X 6398774 6864213 500000 600000 6898774 7464213 21215046 24235497 X -187484 752923 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 750000 750000 750000 750000 750000 750000 750000 750000 0.33330 0.66670 0 0 5353371 5353371 16022939 2563671 13459268 84308 30004 54304 18866943 DEFERRED LEASE ASSET 1451643 1451643 DEFERRED LEASE REVENUE/LIABILITIES 877129 EMPLOYEE DEFERRED COMPENSATION 50000 ACCRUED LEASE EXPENSE - SUB-LEASE 17414 944543 7069667 7257151 -187484 752923 752923 565439 7084536 14869 14869 7069667 0 7069667 7272020 14869 14869 7257151 0 7257151 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011, 2010 AND 2009 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, 2011, 2010, 2009 AND 2008 COULD BE SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: RESIDUAL CASH DISTRIBUTION RELATED TO NEW MARKETS TAX CREDIT PROGRAM 752,923. 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. 1 STUDENT SCHOLARSHIP 29 23430 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, 2012, 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 400339 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, 2011 TO JUNE 30, 2012, EXPENSE INCURRED UNDER THE SUB-SUBLEASE WAS $400,339. 0 X 224255 FAIR MARKET VALUE 0 0 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 EL NUEVO MUNDO - THE FOUNDATION CONTRACTED WITH THE CALIFORNIA DEPARTMENT OF EDUCATION (CDE) TO OPERATE A CHILDCARE CENTER AND ADMINISTER A CHILDCARE FOOD PROGRAM IN THE CITY OF RICHMOND, CALIFORNIA. THIS CONTRACT WAS TERMINATED AS OF JANUARY 31, 2011 AND OPERATIONS OF THE CHILDCARE FOOD PROGRAM WERE TAKEN OVER BY INTERNATIONAL CHILD RESOURCE INSTITUTE BEGINNING FEBRUARY 1, 2011. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION IS IN THE PROCESS OF ESTABLISHING ANNUAL COMPLIANCE DOCUMENTATION. PROCEDURE WILL BE ADOPTED IN FY 2012-2013. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RESIDUAL CASH DISTRIBUTION RELATED TO NEW MARKETS TAX CREDIT PROGRAM 752,923. TOTAL TO FORM 990, PART XI, LINE 5: 752,923. NATIONAL HISPANIC UNIVERSITY LLC 650 S EXETER STREET 12TH FLOOR TAX BALTIMORE MD 21201 271473627 TO PROVIDE EDUCATIONAL SERVICES MD RELATED 0 -1519211 -1158771 0 0 0.20000