Latin American Educational Foundation
- Assets
- $864.2k
- Revenue
- $842.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Denver, CO
- Founding
- 12/1953
- Data as of
- 09/2021
- EIN
- 84-6010415
Organization Overview
Latin American Educational Foundation is located in Denver, CO. The organization was established in 1953. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2021, Latin American Educational Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Latin American Educational Foundation generated $842.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $562.8k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAEF IS ORGANIZED TO GENERATE FUNDS FROM THE GENERAL PUBLIC AND PRIVATE ENTERPRISES TO PROVIDE POST HIGH SCHOOL SCHOLARSHIPS TO DESERVING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR STUDENTS TO CONTINUE THEIR EDUCATION BEYOND HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Rosenbluth Board Secretary | OfficerTrustee | 2 | $0 |
Marcia Romero Board Vice President | OfficerTrustee | 2 | $0 |
Percy Trujillo Board Treasurer | OfficerTrustee | 2 | $0 |
Tony Salazar Board President | OfficerTrustee | 2 | $0 |
Shannon Archibeque-Engle Board Member | Trustee | 1 | $0 |
Luis Canela Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $297,623 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,693 |
| Noncash contributions included in lines 1a–1f | $19,525 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,316 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $233,297 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $196,841 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $22,526 |
| Other employee benefits | $0 |
| Payroll taxes | $18,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,400 |
| Advertising and promotion | $0 |
| Office expenses | $934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,361 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,190 |
| Insurance | $0 |
| All other expenses | $6,952 |
| Total functional expenses | $562,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,395 |
| Net Land, buildings, and equipment | $1,190 |
| Investments—publicly traded securities | $731,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $864,215 |
| Accounts payable and accrued expenses | $27,232 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,650 |
| Total liabilities | $121,882 |
| Net assets without donor restrictions | -$197,440 |
| Net assets with donor restrictions | $939,773 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $864,215 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Latin American Educational Foundation has recieved totaling $187,637.
| Awarding Organization | Amount |
|---|---|
Prosperity Denver Fund Denver, CO PURPOSE: TO REIMBURSE FOR SCHOLARSHIPS | $56,005 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $30,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $26,209 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $24,300 |
Latino Community Foundation Of Colorado Inc Denver, CO PURPOSE: GENERAL OPERATING | $19,000 |
Insurance Management Associates Foundation Wichita, KS PURPOSE: PROGRAM SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $761,024 |
| Earnings | $176,955 |
| Admin Expense | $11,333 |
| Net Contributions | $40,023 |
| Grants | $26,896 |
| Ending Balance | $939,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |