Laef is organized to generate funds from the general public and private enterprises to provide post high school scholarships to deserving students.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $169K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $766K in investments, Pt X · Ln 11–13
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $354K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+186% vs prior year
Spent
$942K
To programs
65%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$1.4M
FY2025▲ +186%
Tap a bar for its year
Revenue by fiscal year
FY2020$585K
FY2021$843K
FY2022$940K
FY2023$499K
FY2025$1.4M
Expenses
$942K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$612K
FY2021$563K
FY2022$609K
FY2023$723K
FY2025$942K
Net assets
$1.6M
FY2025▲ +137%
Tap a bar for its year
Net assets by fiscal year
FY2020$462K
FY2021$742K
FY2022$978K
FY2023$681K
FY2025$1.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1953.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $613K Management & general 17% · $157K Fundraising 18% · $172K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$153,969Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2023FY2022
Nicholas Lopez$153,969——
Richard J Chavez—$146,880—
Jim Chavez——$96,820

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Latin American Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides post-high school scholarships to deserving students by raising funds from the public and businesses.

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Provided by the organization

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1 program · $613K · in their own filed words · FY2024
01

Scholarships for students to continue their education beyond high school.

$613Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 7 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$335,601
Unitemized GrantFY2022$275,609
Unitemized GrantFY2021$115,887
Unitemized GrantFY2020$199,350
Unitemized GrantFY2020$33,947
Unitemized GrantFY2019$207,528
Unitemized GrantFY2019$19,060

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$135K
Investment incomeLn 3$74K
Money outPt IX
$942K
Ln 25
Programscol B$613K
Managementcol C$157K
Fundraisingcol D$172K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$595K
Total assetsLn 16$1.6M
LiabilitiesLn 26$8K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fundraising eventsLn 1c$48K
Investment incomeLn 3$74K
Other incomeLn 4–11$135K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$345K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$595K
InvestmentsLn 11–13$766K
Total assetsLn 16$1.6M
LiabilitiesLn 26$8K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$305K$595K
InvestmentsLn 11–13$730K$766K
Total assetsLn 16$1.2M$1.6M
LiabilitiesLn 26$26K$8K
Net assetsLn 32$1.1M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$336K$336K
Pay of current officers, directors and key staffLn 5$173K$43K$82K$47K
Other salaries and wagesLn 7$183K$111K$0$72K
Pension plan contributionsLn 8$5K$3K$61$2K
Other employee benefitsLn 9$31K$15K$5K$11K
Payroll taxesLn 10$30K$13K$7K$10K
Accounting feesLn 11c$29K$5K$21K$4K
Other fees for servicesLn 11g$26K$258$25K$204
Advertising and promotionLn 12$18K$8K$4K$6K
Office expensesLn 13$820$358$184$278
Information technologyLn 14$16K$7K$4K$6K
OccupancyLn 16$14K$6K$3K$5K
InsuranceLn 23$4K$2K$791$1K
Other expenses (24a–d)Ln 24$77K$65K$5K$7K
All other expensesLn 24e−$1$1−$4$2
Total functional expensesLn 25$942K$613K$157K$172K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.4M$942K$486K$1.6M 990 PDF
FY2024 Not on file
FY2023 $499K$723K−$224K$681K 990 PDF
FY2022 $940K$609K$331K$978K 990 PDF
FY2021 $843K$563K$280K$742K 990 PDF
FY2020 $585K$612K−$26K$462K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,427,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $559,239$1,218,927
I-9 Program service revenue$0
I-10 Investment incomePrior year $78,885$73,888
I-11 Other revenuePrior year $257,069$134,837
I-12 Total revenuePrior year $895,193$1,427,652
I-13 Grants and similar amounts paidPrior year $750$335,601
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $290,819$422,248
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,581$183,668
I-18 Total expensesPrior year $449,150$941,517
I-19 Revenue less expensesPrior year $446,043$486,135
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,427,652 across 6 lines filed
VIII-1c Fundraising events$48,293
VIII-1f All other contributions, gifts and grants$1,170,634
VIII-1h Total contributions, gifts and grants$1,218,927
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $73,888$73,888
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $134,837$134,837
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $208,725$1,427,652
Part IX · Statement of functional expenses $941,517 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $335,601$335,601
IX-5 Pay of current officers, directors and key staffPrograms $43,178 · Management $82,161 · Fundraising $47,376$172,715
IX-7 Other salaries and wagesPrograms $110,635 · Management $0 · Fundraising $72,379$183,014
IX-8 Pension plan contributionsPrograms $2,846 · Management $61 · Fundraising $1,923$4,830
IX-9 Other employee benefitsPrograms $14,838 · Management $5,399 · Fundraising $11,164$31,401
IX-10 Payroll taxesPrograms $13,024 · Management $6,966 · Fundraising $10,298$30,288
IX-11c Accounting feesPrograms $4,705 · Management $20,898 · Fundraising $3,645$29,248
IX-11g Other fees for servicesPrograms $258 · Management $25,124 · Fundraising $204$25,586
IX-12 Advertising and promotionPrograms $7,658 · Management $3,925 · Fundraising $5,940$17,523
IX-13 Office expensesPrograms $358 · Management $184 · Fundraising $278$820
IX-14 Information technologyPrograms $7,164 · Management $3,672 · Fundraising $5,558$16,394
IX-16 OccupancyPrograms $5,948 · Management $3,049 · Fundraising $4,614$13,611
IX-23 InsurancePrograms $1,544 · Management $791 · Fundraising $1,197$3,532
IX-24 Other expenses (24a–d)Programs $65,433 · Management $4,584 · Fundraising $6,938$76,955
IX-24e All other expensesPrograms $1 · Management −$4 · Fundraising $2−$1
IX-25 Total functional expensesPrograms $613,191 · Management $156,810 · Fundraising $171,516$941,517
Part X · Balance sheet $1,621,573 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $82,868$345,015
X-2 Savings and temporary cash investmentsStart of year $221,874$250,005
X-3 Pledges and grants receivableStart of year $112,500$255,000
X-9 Prepaid expenses and deferred chargesStart of year $6,555$5,466
X-12 Other securitiesStart of year $729,902$766,087
X-16 Total assetsStart of year $1,153,699$1,621,573
X-17 Accounts payable and accrued expensesStart of year $25,311$8,050
X-26 Total liabilitiesStart of year $26,311$8,050
X-27 Net assets without donor restrictionsStart of year $51,288$748,300
X-28 Net assets with donor restrictionsStart of year $1,076,100$865,223
X-32 Total net assets or fund balancesStart of year $1,127,388$1,613,523
X-33 Total liabilities and net assetsStart of year $1,153,699$1,621,573
Part XI · Reconciliation of net assets $1,613,523 net assets at year end
XI-1 Total revenue$1,427,652
XI-2 Total expenses$941,517
XI-3 Revenue less expenses$486,135
XI-4 Net assets at start of year$1,127,388
XI-10 Net assets at end of year$1,613,523

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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