Civic Intelligence

Latino Education Advancement Foundation

EIN 82-3057074 • 501(c)3 • San Jose, CA

Profile

To support schools operated by the foundation for hispanic education and to advance and develop initiatives that benefit low-income students attending east san jose schools.

1550 The Alameda 206San Jose, CA 95126

www.leafca.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.44x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

93rd percentile

4.24x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

12th percentile

-17%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

46th percentile

$163,390

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

36th percentile

1.6%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2025

Revenue Growth

28th percentile

-1.9%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2025

Assets

Up

$37,697,806

Up $131,797 (+0.4%) from 2024

Liabilities

Up

$16,469,976

Up $547,399 (+3.4%) from 2024

Net Assets

Down

$21,227,830

Down $415,602 (-1.9%) from 2024

Revenue

Down

$3,882,183

Down $1,031,412 (-21%) from 2024

Expenses

Down

$4,547,233

Down $657,753 (-13%) from 2024

Net Income

Down

-$665,050

Down $373,659 (-128%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2020: $36,681,923Liabilities 2020: $18,092,409Net Assets 2020: $18,589,5142020Assets 2021: $38,517,995Liabilities 2021: $17,613,710Net Assets 2021: $20,904,2852021Assets 2022: $37,181,083Liabilities 2022: $15,810,249Net Assets 2022: $21,370,8342022Assets 2023: $36,492,998Liabilities 2023: $14,870,371Net Assets 2023: $21,622,6272023Assets 2024: $37,566,009Liabilities 2024: $15,922,577Net Assets 2024: $21,643,4322024Assets 2025: $37,697,806Liabilities 2025: $16,469,976Net Assets 2025: $21,227,8302025

Highlighted filing

2025

Assets$37,697,806
Liabilities$16,469,976
Net Assets$21,227,830

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $3,936,887Expenses 2020: $4,414,452Net Income 2020: -$477,5652020Revenue 2021: $4,555,331Expenses 2021: $2,931,231Net Income 2021: $1,624,1002021Revenue 2022: $3,258,843Expenses 2022: $3,593,814Net Income 2022: -$334,9712022Revenue 2023: $4,035,315Expenses 2023: $4,499,257Net Income 2023: -$463,9422023Revenue 2024: $4,913,595Expenses 2024: $5,204,986Net Income 2024: -$291,3912024Revenue 2025: $3,882,183Expenses 2025: $4,547,233Net Income 2025: -$665,0502025

Highlighted filing

2025

Revenue$3,882,183
Expenses$4,547,233
Net Income-$665,050

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 31, 2026
Return Version
2024v5.5
Gross Receipts
$4,272,889
Mission and Program Overview

Mission

To improve economic incomes for all currently socio-economically disadvantaged latinx students and other students of color. By providing services and advocacy, through higher education attainment and career mobility, and to accomplish such predominantly in east san jose.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,251,678$30,336,198▲ $84,520
Investments in Publicly Traded Securities$3,128,214$3,301,146▲ $172,932
Savings and Temporary Cash Investments$2,152,913$2,350,012▲ $197,099
Pledges and Grants Receivable$1,193,273$826,624▼ $366,649
Accounts Receivable$108,740$550,916▲ $442,176
Cash and Non-Interest-Bearing Accounts$698,083$208,776▼ $489,307
Prepaid Expenses and Deferred Charges$33,108$17,945▼ $15,163
Total Assets$37,566,009$37,697,806▲ $131,797
Other Assets Total$0$106,189▲ $106,189
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,312,379$15,315,676▲ $3,297
Other Liabilities$25,000$682,479▲ $657,479
Deferred Revenue$327,583$323,524▼ $4,059
Accounts Payable and Accrued Expenses$257,615$148,297▼ $109,318
Total Liabilities$15,922,577$16,469,976▲ $547,399
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,862,084$20,269,356▲ $407,272
Net Assets With Donor Restrictions$1,781,348$958,474▼ $822,874
Total Net Assets Fund Balance$21,643,432$21,227,830▼ $415,602
Total Liabilities and Net Assets / Fund Balance$37,566,009$37,697,806▲ $131,797

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,437,234$10,036,939$34,474,173
Land$5,353,371-$5,353,371
Other Land Buildings$2,482$1,389,069$1,391,551
Equipment$543,111-$543,111
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brittany AlvarezExecutive DirectorFT$154,643$8,747$163,390
Libier GonzalezFamily and Advocacy PrograFT$103,295$7,052$110,347

Highest Paid Contractors

ContractorServicesLocationCompensation
Alvarez Advisory ServicesManagement Services376 EL PORTAL DRIVE, Shell Beach, CA 93449$210,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,163,447
Program Service Revenue
$16,750
Investment Income
$138,511
Other Revenue
$2,563,475
All Other Contributions
$845,942
Change in Net Assets
$-665,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,850,144
Revenue Not Reported on Financial Statements
$32,039
Revenue Not Reported on Form 990
$259,922
Total Revenue per Audited Statements
$4,110,066
Total Revenue per Form 990
$3,882,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,452,991
Salaries, Compensation, and Employee Benefits$1,503,020
Grants and Similar Amounts Paid$591,222
Total Fundraising Expense$25,677
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$806,903$363,457-$1,170,360
Depreciation Depletion$831,847--$831,847
Interest$610,476--$610,476
Grants to Domestic Individuals$581,810--$581,810
Fees for Services Other$116,667$152,081$14,552$283,300
Fees for Services Management-$210,000-$210,000
Current Officers, Directors, Trustees, and Key Employees$81,695$81,695-$163,390
Occupancy$96,750$66,100-$162,850
Payroll Taxes$68,263$32,486-$100,749
Insurance$60,594$9,879-$70,473
Office Expenses$12,057$41,277$8,274$61,608
Pension Plan Contributions$24,038$11,855-$35,893
Other Employee Benefits$24,680$7,948-$32,628
Fees for Service Investment Mgmnt Fees-$32,039-$32,039
Travel$8,642$8,245$124$17,011
Grants to Domestic Orgs$9,412--$9,412
Advertising-$5,500-$5,500
Other Expenses$4,684$3,211$2,016$5,227
All Other Expenses-$3,297-$3,297
Total Functional Expenses$3,454,872$1,066,684$25,677$4,547,233

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,547,233
Expenses per Audited Statements$4,515,194
Total Expenses per Audited Statements$4,515,194
Expenses Not Reported on Financial Statements$32,039
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,610
Fundraising Gross Income$48,610
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$174,244$48,610$42,539$6,071
Total Events$174,244$48,610$48,610$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Entity Owned by Cheif Executive Officer/ceoManagement Consulting FeeNo$210,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease$543,111
Operating Lease Liability$114,368
Rental Deposits$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Chairman edward alvarez and executive director brittany alvarez are family members.

Form 990, Part VI, Section A, Line 3

Leaf entered into a contract with alvarez consulting which is an entity owned by leaf's chairman and president ed alvarez.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the chief executive officer/chairman, audit committee, and provided to the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the general public.

Filing and Contact Details

Filer

Filer Name
Latino Education Advancement Foundation
EIN
82-3057074
Phone
4083202490
Address
1550 THE ALAMEDA 206, SAN JOSE, CA 95126

Signing Officer

Name
Ed Alvarez
Title
President & Chairman
Phone
4083202490
Signed
2026-01-31

Organization Details

Principal Officer
Ed Alvarez
Formed
2017
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
12
Employees
19
Volunteers
120

Preparer

Firm
Quigley & Miron
Address
3580 WILSHIRE BLVD 1755, LOS ANGELES, CA 90010
Preparer
John Bovard Miron
Phone
2136393550
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered 'more likely than not' to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary at fiscal year-end. Generally, leaf's information returns remain open for examination for a period of three (federal) or four (state of california) years from the date of filing.

Raw XML AppendixShowing 400 of 646 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14FAMILY AND ADVOCACY PROGRA
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IRS990/GamingActivitiesInd00
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO IMPROVE ECONOMIC INCOMES FOR ALL CURRENTLY SOCIO-ECONOMICALLY DISADVANTAGED LATINX STUDENTS AND OTHER STUDENTS OF COLOR. BY PROVIDING SERVICES AND ADVOCACY, THROUGH HIGHER EDUCATION ATTAINMENT AND CAREER MOBILITY, AND TO ACCOMPLISH SUCH PREDOMINANTLY IN EAST SAN JOSE.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015315676
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IRS990/NetAssetsOrFundBalancesEOYAmt021227830
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-21093
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02346231
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt020269356
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt066100
IRS990/OccupancyGrp/ProgramServicesAmt096750
IRS990/OccupancyGrp/TotalAmt0162850
IRS990/OfficeExpensesGrp/FundraisingAmt08274
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt041277
IRS990/OfficeExpensesGrp/ProgramServicesAmt012057
IRS990/OfficeExpensesGrp/TotalAmt061608
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0106189
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024680
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032628
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IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
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IRS990/OtherExpensesGrp/FundraisingAmt12016
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210542
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IRS990/OtherExpensesGrp/ProgramServicesAmt24684
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IRS990/OtherExpensesGrp/TotalAmt127850
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt068263
IRS990/PayrollTaxesGrp/TotalAmt0100749
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011855
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IRS990/ProgSrvcAccomActy2Grp/Desc0RENTAL OPERATIONS (LEAF) -AS PART OF LEAF'S COMMITMENT TO FURTHER THE MISSION OF SUPPORTING TFHE-OPERATED SCHOOLS AND ADVANCING INITIATIVES THAT SERVE THE BEST INTERESTS OF ECONOMICALLY DISADVANTAGED STUDENTS IN EAST SAN JOSE, LEAF'S RENTAL OPERATIONS ARE DEDICATED TO PROVIDING A STABLE AND ACCOMMODATING ENVIRONMENT FOR THE CHARTER SCHOOLS SITUATED ON OUR PREMISES. THESE INSTITUTIONS INCLUDE THE ROBERTO CRUZ LEADERSHIP ACADEMY (RCLA) AND LATINO COLLEGE PREPARATORY ACADEMY (LCPA). IN ADDITION TO THESE CHARTER SCHOOLS, OUR PROPERTY HOSTS THE VOICES COLLEGE-BOUND LANGUAGE ACADEMICS, SITUATED WITHIN A MODULAR VILLAGE, AND ACCOMMODATES A SATELLITE FACILITY FOR SANTA CLARA UNIVERSITY. THESE EDUCATIONAL ORGANIZATIONS CONTRIBUTE TO THE VITALITY OF OUR COMMUNITY AND, IN RETURN, COMPENSATE LEAF FOR THEIR USE OF OUR FACILITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01631045
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02362981
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02570998
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IRS990/PYInvestmentIncomeAmt058329
IRS990/PYOtherExpensesAmt04088898
IRS990/PYOtherRevenueAmt02284268
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-291391
IRS990/PYSalariesCompEmpBnftPaidAmt01112368
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IRS990/PYTotalProfFndrsngExpnsAmt03720
IRS990/PYTotalRevenueAmt04913595
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IRS990/ReconcilationRevenueExpnssAmt0-665050
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IRS990/RentalIncomeOrLossGrp/RealAmt02346231
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01681717
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01059659
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02219682
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02291261
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt051762
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt060207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0467304

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