LA FE PREPARATORY SCHOOL INC F/K/A LA FE COMMUNITY DEVELOPMENT CORPORATION

Address
1314 E YANDELL
EL PASO, TX 79902
Contact
Website: http://www.lafeprep.org
Phone: +1 (915) 534-7979
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 74-2991952

Mission

TO CREATE AND PROMOTE A BILINGUAL AND MULTICULTURAL LEARNING ENVIRONMENT THAT WILL EMPOWER CHILDREN TO ACHIEVE THE HIGHEST LEVELS OF ACADEMIC, ARTISTIC, PHYSICAL, AND SOCIAL WELL-BEING BY INSTILLING CONFIDENCE AND A JOY FOR LEARNING.
 20172016201520142013
Basic features of the organization
Year of formation2001
Subsection code03
PF filing required0    
Metropolitan statistical area2320
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees6755536244
Number of people compensated >$100k00000
Number of volunteers250250275258250
Number of highly compensated contractors0000 
Personnel
Balcorta, Salvador
TitleCEOCEOCEOCEOCEO
Name of key/compensated personSALVADOR BALCORTASALVADOR BALCORTASALVADOR BALCORTASALVADOR BALCORTASALVADOR BALCORTA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org20.020.020.020.020.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$28,931.00$29,367.00$27,717.00$32,877.00$33,248.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $190,155.00$189,003.00$172,866.00$155,761.00$174,405.00
Average hours per week working for related orgs21.021.021.021.043.0
Contreras, Juan
Title  DIRECTOR ENDING 4/2015DIRECTORDIRECTOR
Name of key/compensated person  JUAN CONTRERASJUAN CONTRERASJUAN CONTRERAS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.01.01.0
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00 $0.00
Average hours per week working for related orgs  0.00.0 
Gasca, Luis
TitleDIRECTORDIRECTORDIRECTOR BEGINNING 4/2015  
Name of key/compensated personLUIS GASCALUIS GASCALUIS GASCA  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.01.01.0  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.00.00.0  
Gonzales, Robert
TitleCOO/PRESIDENTCOO/PRESIDENTCOO/PRESIDENTCOO/PRESIDENTCOO/PRESIDENT
Name of key/compensated personROBERT GONZALESROBERT GONZALESROBERT GONZALESROBERT GONZALESROBERT GONZALES
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org20.020.020.020.020.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$11,235.00$19,591.00$18,445.00$17,109.00$15,668.00
Corresponding comp from related orgs
Reportable compensation from related orgs $114,348.00$115,752.00$117,000.00$103,688.00$102,322.00
Average hours per week working for related orgs21.021.021.021.043.0
Izquierdo, Elena
Title    VICE PRESIDENT
Name of key/compensated person    DR ELENA IZQUIERDO
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.0
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Montes, Agustin
Title    SECRETARY
Name of key/compensated person    AGUSTIN MONTES
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.0
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Morales, Nellie
Title   DIRECTOR ENDING 7/14 
Name of key/compensated person   NELLIE MORALES 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   1.0 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Average hours per week working for related orgs   0.0 
Rodarte, Lucy
TitleCFO/SECRETARY/TREASUERCFO/SECRETARY/TREASUERCFO/SECRETARY/TREASURERCFO/SECRETARY/TREASURERCFO
Name of key/compensated personLUCY RODARTELUCY RODARTELUCY RODARTELUCY RODARTELUCY RODARTE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org20.020.020.020.020.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$10,466.00$11,194.00$10,877.00$9,724.00$8,819.00
Corresponding comp from related orgs
Reportable compensation from related orgs $104,148.00$100,904.00$105,735.00$90,360.00$89,479.00
Average hours per week working for related orgs21.021.021.021.043.0
Schwartz, Emma
Title    TREASURER
Name of key/compensated person    EMMA SCHWARTZ
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.0
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Tinajero, Josefina
TitleDIRECTORDIRECTORDIRECTOR BEGINNING 10/2014  
Name of key/compensated personJOSEFINA TINAJEROJOSEFINA TINAJEROJOSEFINA TINAJERO  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.01.01.0  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.00.00.0  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesLA FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 8TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE COMMUNITY.LA FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 8TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE COMMUNITY.LA FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 7TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE COMMUNITY.LA FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 7TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE COMMUNITY.LE FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 6TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE COMMUNITY.
Program service expenses, total$1,927,526.00$1,933,226.00$1,815,699.00$1,714,673.00$1,662,816.00
Programs, including revenue & expenses
LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES AND REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, AND PRIVATE CONTRIBUTIONS.
Program expenses$1,927,526.00$1,933,226.00$1,815,699.00$1,714,673.00$1,662,816.00
Program revenue$19,746.00$21,507.00$37,252.00$26,373.00$74,841.00
Program descriptionLA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES AND REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, AND PRIVATE CONTRIBUTIONS.LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES AND REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, AND PRIVATE CONTRIBUTIONS.LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES AND REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, AND PRIVATE CONTRIBUTIONS.LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES & REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, & PRIVATE CONTRIBUTIONS.LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES & REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, & PRIVATE CONTRIBUTIONS.
Financial data
Revenue
Total revenue$2,690,561.00$2,722,819.00$2,710,341.00$2,745,344.00$2,537,658.00
Revenue from contributions (total)$2,663,638.00$2,695,439.00$2,670,448.00$2,631,549.00$2,457,650.00
Revenue from noncash contributions$10,533.00$12,803.00$13,680.00$12,667.00$6,920.00
Investment income, current yr$7,177.00$5,873.00$2,641.00$6,339.00$5,167.00
Total revenue from grants, etc., current yr$2,663,638.00$2,695,439.00$2,670,448.00$2,631,549.00$2,457,650.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$81,083.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$19,746.00$21,507.00$37,252.00$26,373.00$74,841.00
Gross receipts$2,690,561.00$2,722,819.00$2,710,341.00$2,745,344.00$2,537,658.00
Sources of contributions
Revenue from gov't grants$2,598,260.00$2,626,506.00$2,627,105.00$2,564,713.00$2,409,070.00
Revenue from all other contributions$65,378.00$68,933.00$43,343.00$66,836.00$48,580.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$81,083.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$7,177.00$5,873.00$2,641.00$6,339.00$5,167.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,894,363.00$2,913,777.00$2,740,017.00$2,580,989.00$2,441,046.00
Total functional expenses: program service $1,927,526.00$1,933,226.00$1,815,699.00$1,714,673.00$1,662,816.00
Total functional expenses: management and general$966,837.00$980,551.00$924,318.00$866,316.00$778,230.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$720.00$17,665.00$1,234.00$3,125.00$11,008.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,006,194.00$2,211,023.00$2,404,848.00$2,429,261.00$2,532,010.00
Total assets, beginning of year$2,211,023.00$2,404,848.00$2,429,261.00$2,532,010.00$2,562,558.00
Total liabilities$1,420,153.00$1,469,362.00$1,514,405.00$1,521,295.00$1,801,529.00
Total liabilities, beginning of year$1,469,362.00$1,514,405.00$1,521,295.00$1,801,529.00$1,941,455.00
Pledges & accounts receivable, net$22,325.00$46,947.00$43,261.00$11,998.00$30,083.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$474,216.00$461,878.00$511,105.00$677,960.00$500,687.00
Temporarily restricted net assets$111,825.00$279,783.00$379,338.00$230,006.00$229,794.00
Permanently restricted net assets, end of yr$0.00$0.00$0.00$0.00$0.00
Net assets$586,041.00$741,661.00$890,443.00$907,966.00$730,481.00
Net assets, beginning of year$741,661.00$890,443.00$907,966.00$730,481.00$621,103.00
Other liabilities$2,793.00$2,384.00$1,025.00$936.00$16,418.00
Bond liabilities$0.00$0.00$0.00$0.00$0.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$0.00$0.00$979.00$25.00$7,946.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing$79,471.00$173,555.00$284,526.00$214,483.00$147,075.00
Cash: non-interest bearing, beginning of year$173,555.00$284,526.00$214,483.00$147,075.00$69,438.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Escrow or custodial account liability$0.00$0.00$0.00$0.00$0.00
Loans and other payables to key persons$0.00$0.00$0.00$0.00$0.00
Grants payable$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses-$203,802.00-$190,958.00-$29,676.00$164,355.00$96,612.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$1,198.00$18,198.00$18,170.00$18,157.00$20,064.00
Accounts receivable, net$37,259.00$24,541.00$13,614.00$13,373.00$14,048.00
Prepaid expenses & deferred charges$14,059.00$18,279.00$13,039.00$8,117.00$7,797.00
Accounts payable & accrued expenses$245,914.00$213,229.00$204,880.00$144,896.00$271,284.00
Deferred revenue$0.00$24,950.00$24,950.00$24,950.00$35,393.00
Unsecured notes & loans to unrelated parties$0.00$0.00$0.00$0.00$0.00
Secured mortgages and notes payable$1,171,446.00$1,228,799.00$1,283,550.00$1,350,513.00$1,478,434.00
Total net assets or fund balances$586,041.00$741,661.00$890,443.00$907,966.00$730,481.00
Depreciation, depletion, amortization$93,979.00$101,758.00$144,621.00$150,020.00$158,811.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members55545
Number of independent voting members22214
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-09-012015-09-012014-09-012013-09-012012-09-01
Tax year end date2017-08-012016-08-012015-08-012014-08-012013-08-01
Indicators for schedules (selected)
LobbiedTrueTrueTrueTrueTrue
Org has controlled entityTrueTrueTrueTrueTrue
Org transacted with controlled entityTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-282017-10-182016-11-012015-07-092014-07-30
IRS schema version2016v3.12015v3.02014v6.02013v4.02012v2.3
Filing identifier201821979349300507201731959349301518201631959349301338201501759349300315201441969349300964
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