2024-05-15T16:17:58-07:00 2023-12-31 134274627 RENE VELEZ ACCOUNTING TAX & CONSULTING 13020 SW 133rd Court MIAMI FL 33186 990 2023-01-01 261857750 Tecnologico De Monterrey Foundation TECN 3052597775 13020 SW 133rd Ct Miami FL 33186 Alejandra Naranjo Director VP Administration 3052597775 2024-04-23 true Alejandra Naranjo XXX-XX-XXXX true Rene Velez CPA P01208740 3052597775 2024-05-15 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Alejandro A Poire Romero 1722 Routh Street Dallas TX 75201 3648169 false X www.tecdemonterreyfoundation.org X 2007 FL To Support and benefit domestic and foreign educational institutions as described in sections 509(a)1 and 509(a)2 7 4 0 5 0 0 516846 3647413 0 348 756 0 517194 3648169 564838 628618 0 0 0 18034 56829 50346 621667 678964 -104473 2969205 339935 3309140 0 0 339935 3309140 To Support and benefit domestic and foreign educational institutions as described in sections 509(a)1 and 509(a)2 false false 628618 628618 0 The organization has provided financial contributions to Instituto Tecnologico y De Estudios Superiores de Monterrey, which is a university with 90,000 students spread across 20 states in Mexico. The organization has supported three major programs, namely: (1) Lideres Del Manana - This program is designed to provide full scholarships to approximately 200 students from financially disadvantaged backgrounds who have demonstrated a strong commitment to their studies and have a desire to contribute to their community. Currently 1,940 students have benefited from this program. (2) Carreras Ciudad Juarez - The orgaization's support has fascilitated the renovation and creation of new facilities at this campus. As a result, the campus has introduced undergraduate degrees that are beneficial to the 1,050 enrolled students, including those in secondary, high school and university levels. (3) Arenas Borrego's - This is a space at Guadalajara campus that allows students to build a sense of community while engaging in activities such as volleyball, basketball, tae kwon do and tennis. Additionally, the organization has supported several other projects that provide students the opportunity to have a great academic experience. 628618 true true false false false false false false false false false false true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true false false false true 1 0 0 false false false false false false false false false false X 7 4 true false false false true true false true true false false true true true true false true true true false X Rene Velez CPA 3052597775 13020 SW 133rd Court Miami FL 33186 X Dr Alejandro A Poire Romero Trustee-President 10.00 X X 0 0 0 Ing Miguel Valle Herrera Trustee - COB 10.00 X X 0 0 0 Jose J Lopez Bobadilla Asst. Treasurer 10.00 X 0 0 0 Hugo Armando Garza Medina Trustee - V COB 10.00 X X 0 0 0 CP Hector Alfredo Marquez Trevino Trustee - Treasurer 10.00 X X 0 0 0 Eduardo Menchaca Villareal Trustee - Secretary 10.00 X X 0 0 0 Alejandra Naranjo Development & VP Administration 30.00 X 0 0 0 Joe Rudberg Asst. Secretary 2.00 X 0 0 0 Tyree C Collier Asst. Secretary 2.00 X 0 0 0 false false false 3647413 3626 3647413 756 0 0 3648169 756 0 0 628618 628618 29910 0 11964 17946 17111 0 17111 0 1901 0 1901 0 1291 0 1291 0 Bank Charges 133 0 45 88 678964 628618 32312 18034 313662 272813 25356 3035410 917 917 339935 3309140 0 0 0 0 X 339935 309140 3000000 339935 3309140 339935 3309140 2969205 X false false false X 0 25256 26809 181099 318046 322058 873268 0 0 25256 26809 181099 318046 322058 873268 602103 271165 0 0 0 873268 0.31050 0.30740 X 0 0 0 Other Addl Info Unusual Grants during the year: $3,325,355 Pt II Ln 17a The organization is shifting its donor base & fundraising strategy. Total donations per year are growing and the cummulative donation history is affecting the current year public charity percentage. Otherwise the organization would meet or exceed the perscribed public charity percentage. The organization has consistently maintained programs that are supported by public donations. Additionally, the organization maintains a continuous and ongoing program soliciting funds from the general public, with a foucs on soliciting funds from alumni of its primary beneficiary, the Instituto Tecnologico y De Estudios Superiores de Monterrey, a university with 90,000 students in Mexico and tens of thousands of alumni in the United States. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Bonds 2996729 C Stock 38681 C 3035410 North America Educational Support 628617 transfer 1 false false false false false false Pt VI, Line 2 See Exhibit E, attached which is part of form 1023. Some of the Officers and Trustees are related by virtue of employment of the Initial Member of the Foundation. However, all officers and trustees must abide by Section 7.4 of the Bylaws, which contain a conflict of interest provision. Pt VI, Line 6 The Foundation has one Initial Member, Instituto Tecnologico Y De Estudios Superiores de Monterrey. Pt VI, Line 7a The Foundation has one Initial Member; Instituto Tecnologico y De Estudios Superiores De Monterrey, who under section 2.1 of the Bylaws, can approve terms and conditions of memberships. However, memberships may not be transferable. Further, there are no plans for additional members. The member has appointed a Board of Trustees, who make management decisions and are the governing body. Pt VI, Line 11b A copy of form 990 is provided to the Board of Trustees for their review prior to filing. Pt VI, Line 12c As provided in the Foundation Bylaws section 7.4 titled "Conflicts of Interest", there are significant provisions to assure conflicts do not occur. In particular the Board of Trustees may require as a condition to qualify as Trustee, Officer or other position, request from time to time a conflict of interest disclosure statement from such personnel. Pt VI, Line 15a See Part VI, Line 15b below. Pt VI, Line 15b The Foundation has continued operations with a combination of volunteer Board of Trustees and officers. As such the decision has been made all the Trustees and Board members recieve no compensation. At such time as a determination is made to compensate, Trustees, Officers or other personnel, guidelines, analysis and approvals are in place to follow non profit industry norms. In 2023 no officer received compensation. Office staff and other personnel would be considered for payroll, if needed, on salaries equivalent to other similar tax exempt organizations. Pt VI, Line 19 Form 990, 1023 and the Bylaws of the Foundation are available by request to either the Foundation's outside Certified Public Accountant or to the Foundation Secretary. Instituto Tecnologico y De Estudios Superiores De Monterrey Eugenio Garza Sada 2501 Monterrey NL MX 64849 Post Secondary Education MX Foreign no false Fundacion Tec Para la Innovacion y el Emprendimiento Avda de la Universidad Pontifica S/ Comillas Cantabria SP Post Secondary Education SP Foreign no false false true false false false false false false false false false false false false false false false false false Instituto Tecnologico y de Estudios Superiores de Monterrey b 628617 FMV/Cash