2024-05-13T18:04:23-05:00 2023-06-30 Maginnis Knechtel & McIntyre LLP 300 W Colorado Blvd Pasadena CA 91105 990 2022-07-01 954242175 PUENTE LEARNING CENTER % ANGELICA CASTRO PUEN 3237808900 501 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 ANGELICA CASTRO VP OF FINANCE & ADMI 3237808900 2024-05-10 true ANGELICA CASTRO 999009999 Linda E G Ballesteros P00366852 6264493466 2024-05-10 2 2022 2023-04-26 12:10:37Z JEROME GREENING 501 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 7280475 false X WWW.PUENTE.ORG X 1985 CA WE ARE PUENTE: PEOPLE UNITED TO ENRICH THE NEIGHBORHOOD THROUGH EDUCATION. BUILDING BRIDGES TO LEARNING AND OPPORTUNITY IN BOYLE HEIGHTS AND BEYOND. 7 7 84 0 6000 5000 5597432 7084754 0 100 95080 152728 7802 14072 5700314 7251654 0 517 0 0 3543788 4663165 0 0 207765 2541766 3526821 6085554 8190503 -385240 -938849 28285381 32319745 509847 1471270 27775534 30848475 X PUENTE LEARNING CENTER IS RECOGNIZED FOR ITS COMMITMENT TO ITS MISSION, EMBODIED IN ITS NAME: PEOPLE UNITED TO ENRICH THE NEIGHBORHOOD THROUGH EDUCATION. AS AN ESTABLISHED NONPROFIT PRESENCE IN THE UNDERSERVED BOYLE HEIGHTS COMMUNITY SINCE 1985, PUENTE HAS EMPOWERED OVER 120,000 STUDENTS OF ALL AGES WITH TUITION-FREE RESOURCES IN FOUR PROGRAM AREAS: CHILDREN, YOUTH, ADULTS, AND COMMUNITY. PUENTE'S RECORD OF ACCOMPLISHMENT WITH RESEARCH-BASED EDUCATIONAL OUTCOMES AND COMPASSIONATE WRAP-AROUND SERVICES MATCHES THE VIBRANT AND CULTURALLY-RICH COMMUNITY WE SERVE. false false 1541983 EARLY CHILDHOOD - PRESCHOOL READINESS PROVIDES AN INTELLECTUALLY STIMULATING ENVIRONMENT FOR CHILDREN AGED THREE YEARS, NINE MONTHS TO FIVE YEARS OLD AND PREPARES STUDENTS FOR THE SUCCESSFUL TRANSITION INTO KINDERGARTEN. PUENTE CHARTER SCHOOL, AN LAUSD AUTHORIZED CHARTER SCHOOL SERVING ELEMENTARY-AGED STUDENTS AND THEIR FAMILIES, CONSISTENTLY RECEIVES HIGH SATISFACTION RATINGS FROM ITS PARENT COMMUNITY AND FROM THE LOS ANGELES UNIFIED SCHOOL DISTRICT. THE AFTER SCHOOL PROGRAM PROVIDES INDIVIDUALIZED INSTRUCTION AND ENRICHMENT ACTIVITIES TO REINFORCE STUDENT MASTERY OF COMMON CORE STANDARDS AND STRENGTHEN ENGAGEMENT FOR STUDENT LEARNING. PRE-SCHOOL READINESS - 41 SERVED & 82 FAMILY MEMBERS; CHARTER SCHOOL - 244 STUDENTS SERVED & 320 FAMILY MEMBERS; AFTER SCHOOL ENRICHMENT - 80 STUDENTS SERVED. 5921679 100 ADULT PROGRAMS - ENGLISH-LANGUAGE LITERACY & CITIZENSHIP CLASSES, THROUGH A COMBINATION OF CLASSROOM INSTRUCTION AND TECHNOLOGY-ENHANCED CURRICULUM, STUDENTS ATTAIN AQUISTION OF THE ENGLISH LANGUAGE & CITIZENSHIP STATUS. THE ADULT HIGH SCHOOL DIPLOMA PROGRAM AND THE HISET TEST PREPARATION PROGRAM SUPPORT ACHIEVEMENT FOR INDIVIDUALS WHO ARE NO LONGER WITHIN THE TRADITIONAL SCHOOL SYSTEM TO ATTAIN A HIGH SCHOOL DIPLOMA BY COMPLETING THE A-G REQUIRED COURSES. THE PUENTE DIGITAL INITIATIVE CLASSES PREPARE STUDENTS FOR THE WORKFORCE THROUGH COMPUTER CAREER TRAINING, INCLUDING GOOGLE SUITE, MICROSOFT OFFICE, AND A+ COMPUTER CERTIFICATION OFFERING. COMMUNTY ENGAGEMENT - SEMINARS AND WORKSHOPS PROVIDE ADDITIONAL SUPPORT BY PROVIDING DIRECT ACCESS TO FINANCIAL, LEGAL & HEALTH INFORMATION AND RESOURCES FOR THE PUENTE STUDENT AND FAMILY COMMUNITY AND THE COMMUNITY AT-LARGE. YOUTH PROGRAMS - A COLLEGE AND CAREER PROGRAM, WITH CURRICULUM AND ADDITIONAL ENGAGEMENT SUPPORTS, DESIGNED FOR HIGH SCHOOL STUDENTS INTERESTED IN A CAREER IN THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS FIELDS. SAT PREPARATION EXPANDS LOW-INCOME HIGH SCHOOL STUDENTS' OPPORTUNITIES FOR POST-SECONDARY EDUCATION THROUGH COMPREHENSIVE SAT PREP CLASSES AND COLLEGE TRANSITION WORKSHOPS. APPROXIMATELY 85% OF COLLEGE AND CAREER PROGRAM PARTICIPANTS ARE THE FIRST IN THEIR FAMILY TO GO TO COLLEGE. THE PUENTE SUMMER PROGRAM ENABLES ELEMENTARY-AGED STUDENTS TO CONTINUE THE MOMENTUM ACHIEVED DURING THE ACADEMIC YEAR AND TAKE CLASSES THAT ARE ENGAGING, ENRICHING, AND INCREASE SKILLS IN AREAS THAT MAY BE A CHALLENGE. SUMMER PROGRAM - 425 CHILDREN AND ADULTS SERVED. ENGLISH AS A SECOND LANGUGE - 850 STUDENTS SERVED; HIGH SCHOOL DIPLOMA - 280 STUDENTS SERVED; DIGITAL INITIATIVE - 52 STUDENTS SERVED; COMMUNITY ENGAGEMENT - 2750 INDIVIDUALS SERVED; YOUTH PROGRAMS - 350 STUDENTS SERVED. 7463662 true true false false false false false false false true true false false false false true true false false false false false false false true false false false false true false false false false false false false false true true false false false false false false false true 7 0 true 84 true true true false false false false true true false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false CA X X ANGELICA CASTRO 3237808900 501 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 JEROME G GREENING CEO 40.0 0.0 X 172924 0 9573 ANGELICA CASTRO V.P. OF FINANCE & ADMIN 40.0 0.0 X 121569 0 9255 MATT WELLS VICE PRESIDENT OF DEVELOPMENT 40.0 0.0 X 113241 0 8274 Brenda Meza School Principal 40.0 0.0 X 102496 0 7790 MICHELE WOLFE Vice President of Programs 40.0 0.0 X 94319 0 5071 OSCAR CABRALES SECRETARY 2.0 0.0 X 0 0 0 GREG GONZALEZ BOARD MEMBER 2.0 0.0 X 0 0 0 CHUNG WONG CHAIRMAN 2.0 0.0 X 0 0 0 TYLER MP SUTHERLAND VICE-CHAIRMAN 2.0 0.0 X 0 0 0 JOCELYN ROSENWALD TREASURER 2.0 0.0 X 0 0 0 LARA LIGHTBODY BOARD MEMBER 2.0 0.0 X 0 0 0 ALBERT REYES BOARD MEMBER 2.0 0.0 X 0 0 0 604549 0 39963 4 false true false 0 57241 6151165 876348 69115 7084754 REGISTRATION FEES 611710 100 100 100 152728 152728 0 0 0 0 0 0 3198 57241 26314 -23116 -23116 2695 2507 188 188 0 0 0 OTHER INCOME 532000 37000 6000 31000 37000 7251654 100 6000 160800 X 517 517 0 0 0 675814 638052 20049 17713 0 3222031 3041996 95586 84449 0 481701 443347 26133 12221 283619 269293 7192 7134 0 0 63736 59325 3529 882 0 0 0 1879325 1791447 61819 26059 0 145595 114171 21370 10054 0 0 134601 117382 14382 2837 13027 8462 2559 2006 0 0 0 0 511845 322737 163484 25624 124680 116982 5411 2287 BAD DEBT 15989 15989 DUES & SUBSCRIPTION 101698 93405 4237 4056 EQUIPMENT RENTAL & MAINTENANCE 138887 74533 63864 490 TELEPHONE 29606 27826 1165 615 367832 328198 28296 11338 8190503 7463662 519076 207765 X 1012550 1364210 0 0 832853 128764 472787 489318 0 0 0 0 0 0 14061 20948 59594 93847 16556393 9727076 6662355 6829317 19172673 23334833 0 0 0 0 0 0 58508 58508 28285381 32319745 274040 624946 0 0 235807 846324 0 0 0 0 0 0 0 0 0 0 0 0 509847 1471270 X 16787248 20052234 10988286 10796241 27775534 30848475 28285381 32319745 X -938849 4011790 X false true X true false X 2579534 3186940 4456854 5597432 7153869 22974629 0 0 2579534 3186940 4456854 5597432 7153869 22974629 131873 22842756 232638 173313 100438 95080 152728 754197 6000 6000 64145 -16601 -4436 7802 8071 58981 23793807 34774 0.96003 0.93093 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10290859 1205608 1045818 10450649 11548473 -352295 905319 10290859 10362146 2061447 875120 11548473 11813866 -628396 823324 10362146 12040733 612361 839228 11813866 0.00000 0.64700 0.35300 false false 2191853 2191853 10461953 7974040 2487913 312535 75691 236844 1281725 1083562 198163 2308327 593783 1714544 6829317 0 0 X 11625820 4011790 333555 28821 4374166 7251654 7251654 8552879 333555 28821 362376 8190503 8190503 SCHEDULE D PART V LINE 4 ENDOWMENT FUNDS THE PRIMARY LONG-TERM FINANCIAL OBJECTIVE FOR THE CENTER'S ENDOWMENTS IS TO PRESERVE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF ENDOWMENT ASSETS AND INCOME AFTER ACCOUNTING FOR ENDOWMENT SPENDING, INFLATION AND COSTS OF PROTFOLIO MANAGEMENT. PERFORMANCE OF THE OVERALL ENDOWMENT AGAINST THIS OBJECTIVE IS MEASURED OVER AN INVESTMENT HORIZON OF FIVE TO SEVEN YEARS. THE ENDOWMENTS ARE ALSO MANAGED TO OPTIMIZE THE LONG RUN TOTAL RATE OF RETURN ON INVESTED ASSETS, ASSUMING A PRUDENT LEVEL OF RISK. THE GOAL FOR THIS RATE OF RETURN IS ONE THAT FUNDS THE CENTER'S EXISTING SPENDING POLICY AND ALLOWS SUFFICIENT REINVESTMENT TO GROW THE ENDOWMENT PRINCIPAL AT A RATE THAT EXCEEDS INFLATION (AS MEASURED BY THE CONSUMER PRICE INDEX). OVER THE SHORT TERM, THE RETURN FOR EACH ELEMENT OF THE ENDOWMENT PORTFOLIO SHOULD MATCH OR EXCEED EACH OF THE RETURNS FOR THE BROADER CAPITAL MARKETS IN WHICH ASSETS ARE INVESTED. THE CENTER HAS ADOPTED A SPENDING POLICY AND HAS MET OR EXCEEDED SUCH POLICY FOR THE YEAR. SCHEDULE D PART X LINE 2 INCOME TAXES Generally accepted accounting principles requires the Center to recognize and record the financial impact of uncertainty in income taxes and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It requires that an organization recognize in the financial statements the impact of the tax position if that position will more likely than not be sustained on audit, based on the technical merits of the position. It also provides guidance on derecognition, classification, interest and penalties on income taxes, accounting in interim periods and requires additional disclosures. At June 30, 2023 and 2022, the Center did not recognize any uncertain tax position. The Center's federal and state income tax returns for 2019 and subsequent years are subject to examination by the regulatory agencies, generally for three years and four years after they were filed for federal and state, respectively. No open tax years are currently under examination. SCHEDULE D PART XI LINE 2D OTHER ADJUSTMENTS COST OF FUNDRAISING EVENT $26,314 COST OF GAMING EVENTS $2,507 TOTAL TO SCHEDULE D PART XI LINE 2D $28,821 SCHEDULE D PART XII LINE 2D OTHER ADJUSTMENTS COST OF FUNDRAISING EVENT $26,314 COST OF GAMING EVENTS $2,507 TOTAL TO SCHEDULE D PART XII LINE 2D $28,821 Salud PUENTE 59639 56441 3198 8809 1620 5415 10470 0 59639 56441 3198 8809 1620 5415 10470 26314 -23116 X X X X false false false false false false false false false JEROME G GREENING CEO 172924 9543 30 182497 X 3 1370 FMV X 220 FMV X 11279 FMV X 15 11909 FMV X Entertainment 12 2772 FMV X Electronics 1 800 FMV X Gift cards 10 1750 FMV X Vision screenings & glasses 1 39015 FMV false true false FORM 990 PART I LINE 1 DESCRIPTION OF ORGANIZATION MISSION PUENTE LEARNING CENTER IS RECOGNIZED FOR ITS COMMITMENT TO ITS MISSION, EMBODIED IN ITS NAME: PEOPLE UNITED TO ENRICH THE NEIGHBORHOOD THROUGH EDUCATION. AS AN ESTABLISHED NONPROFIT PRESENCE IN THE UNDERSERVED BOYLE HEIGHTS COMMUNITY SINCE 1985, PUENTE HAS EMPOWERED OVER 120,000 STUDENTS OF ALL AGES WITH TUITION-FREE RESOURCES IN FOUR PROGRAM AREAS: CHILDREN, YOUTH, ADULTS, AND COMMUNITY. PUENTE'S RECORD OF ACCOMPLISHMENT WITH RESEARCH-BASED EDUCATIONAL OUTCOMES AND COMPASSIONATE WRAP-AROUND SERVICES MATCHES THE VIBRANT AND CULTURALLY-RICH COMMUNITY WE SERVE. FORM 990 PART VI SECTION B LINE 11B FORM 990 REVIEW THE FORM 990 IS REVIEWED BY MANAGEMENT. IT IS THEN REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN RECOMMENDS APPROVAL TO THE BOARD AND THE BOARD ACCEPTS THE FORM 990 BEFORE BEING FILED WITH THE IRS. FORM 990 PART VI SECTION B LINE 12C CONFLICT OF INTEREST POLICY BOARD MEMBERS AND CERTAIN EMPLOYEES WITH FINANCIAL RESPONSIBILITY ANNUALLY SIGN AN ACKNOWLEDGEMENT FORM IDENTIFYING ANY CONFLICTS OF INTEREST AND VERIFYING THEIR UNDERSTANDING OF THE POLICY. IF A CONFLICT SHOULD ARISE THE AUDIT COMMITTEE WILL PRESENT ANY RESOLUTIONS AS APPROPRIATE. THE POLICY IS MONITORED ON AN ANNUAL BASIS BY THE VP OF ADMINISTRATION. FORM 990 PART VI SECTION B LINE 15A ANNUAL PERFORMANCE AND COMPENSATION REVIEW THE SALARY OF THE CHIEF EXECUTIVE OFFICER IS DETERMINED BY CONSULTING A VARIETY OF INFORMATION SOURCES, INCLUDING A COMPENSATION AND BENEFITS SURVEY OF SOUTHERN CALIFORNIA NONPROFIT ORGANIZATIONS, LOCAL NONPROFITS PROVIDING SIMILAR SERVICES, AND AN EXECUTIVE RECRUITING FIRM THAT SPECIALIZES IN PLACEMENTS OF NONPROFIT EXECUTIVES. THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE CEO INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. FORM 990 PART VI SECTION B LINE 15B ANNUAL PERFORMANCE AND COMPENSATION REVIEW THE COMPENSATION FOR OTHER OFFICERS IS DETERMINED BY CHIEF EXECUTIVE OFFICER. THE CEO REVIEWS THE CENTER FOR NONPROFIT MANAGEMENTS' COMPENSATION & BENEFITS SURVEY FOR SOUTHERN AND CENTRAL CALIFORNIA NONPROFIT ORGANIZATIONS AND USES THIS DATA TO DETERMINE MARKET-RATE SALARIES FOR COMPARABLE POSITIONS WITHIN PUENTE. THIS INFORMATION IS REVIEWED ANNUALLY USING THE SURVEY DATA, IN COMBINATION WITH THE FOLLOWING: A) EACH PERSONS SCOPE OF RESPONSIBILITY, WORK PERFORMANCE, LONGEVITY, WORK EXPERIENCE, LEVEL OF EDUCATION, OTHER CREDENTIALS. B) IF APPLICABLE, PARITY OF SALARY RANGE AS COMPARED TO INTERNAL PEERS DOING WORK OF SIMILAR SIGNIFICANCE TO THE ORGANIZATION, ANNUAL COMPENSATION IS DETERMINED. FORM 990 PART VI SECTION C LINE 19 PUBLIC DISCLOSURE SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE UPON REQUEST. FORM 990 PART XI LINE 7 DONATED SERVICES DONATED SERVICES RECEIVED: $333,555 DONATED SERVICES EXPENSED: $333,555 FORM 990 PART IX LINE 11G DESCRIPTION:ADVERTISING & PUBLICITY TOTAL FEES:65563 FORM 990 PART IX LINE 11G DESCRIPTION:FOOD SERVICE TOTAL FEES:206796 FORM 990 PART IX LINE 11G DESCRIPTION:SPECIAL EDUCATION TOTAL FEES:654278 FORM 990 PART IX LINE 11G DESCRIPTION:SECURITY TOTAL FEES:106391 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL SERVICES TOTAL FEES:846297