The Cebu City YLAC (Young Ladies Association of Charity) School Foundation, Inc. (formerly Cebu City YLAC Free School Foundation) was organized by Cebu City YLAC Unit[1]. It was registered with the Securities and Exchange Commission (SEC) as a non-stock, non-profit organization on March 31, 1977 to generate funds and acquire properties to support and maintain the operation of its Cebu City YLAC School, (an elementary school that is duly recognized by DepEd). Said school caters children from disadvantaged families. Its main office is located at P. Gomez St., Cebu City. The Foundation has five 5) regular staff, 11 school-based staff, 33 volunteers and 15 members of the Board of Trustees.
It was certified for 3 years on March 24, 2003 that ended on March 23, 2006. It was certified for 5 years on June 21, 2007 and which ended on June 20, 2012. It was given a 3-year certification on August 26, 2014 and which ended on May 3, 2016.
Its main purpose (V-M-G) is to insure sustainability and capability of the Foundation in its commitment by providing the adequate support and assistance to its Cebu City YLAC School so that it can continue to maintain high teaching-learning standards and low tuition fees to help benefit children of lower-income families.
Its main sources of income are school fees, donations from corporations and individual and income from investments and bank deposits.
[1] YLAC is a women’s organization and has chapters in different parts of Cebu
