FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA (EIN 54-1492775)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-07-17
IRS object ID: 202411999349300636
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-07-17T15:10:46-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	521392008	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GELMAN ROSENBERG & FREEDMAN	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4550 MONTGOMERY AVE SUITE 800N	AddressLine1Txt
City	BETHESDA	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	208142930	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	541492775	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FOUNDATION FOR MANAGEMENT EDUCATION	BusinessNameLine1Txt
Business Name Line2	IN CENTRAL AMERICA	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	FOUN	BusinessNameControlTxt
Phone	3013200680	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 639	AddressLine1Txt
City	GLEN ECHO	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	20812	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROBERT BRUNER	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	3013200680	PhoneNum
Signature	2024-07-17	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ROBERT	PersonFirstNm
Person Last	BRUNER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RICHARD J LOCASTRO CPA	PreparerPersonNm
PTIN	P00288314	PTIN
Phone	3019519090	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	INCAE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	ROBERT BRUNER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 639	AddressLine1Txt
City	GLEN ECHO	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	20812	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,015,395	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.THEINCAEFOUNDATION.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1980	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	TO MAKE GRANTS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,132,956	PYContributionsGrantsAmt
CY Contributions Grants	$2,149,355	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$873,332	PYInvestmentIncomeAmt
CY Investment Income	$369,026	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$3,006,288	PYTotalRevenueAmt
CY Total Revenue	$2,518,381	CYTotalRevenueAmt
PY Grants And Similar Paid	$2,211,867	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,010,434	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$121,546	PYOtherExpensesAmt
CY Other Expenses	$133,339	CYOtherExpensesAmt
PY Total Expenses	$2,333,413	PYTotalExpensesAmt
CY Total Expenses	$3,143,773	CYTotalExpensesAmt
PY Revenues Less Expenses	$672,875	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$625,392	CYRevenuesLessExpensesAmt
Total Assets BOY	$9,793,844	TotalAssetsBOYAmt
Total Assets EOY	$11,020,298	TotalAssetsEOYAmt
Total Liabilities BOY	$258,000	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$250,500	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$9,535,844	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$10,769,798	NetAssetsOrFundBalancesEOYAmt
Mission	TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA, PRIMARILY BY PROVIDING SCHOLARSHIP SUPPORT FOR MBA STUDENTS AT INCAE BUSINESS SCHOOL, WHICH HAS CAMPUSES IN COSTA RICA AND PANAMA.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,082,434	ExpenseAmt
Grant	$3,010,434	GrantAmt
Desc	GRANTMAKING: TO PROVIDE SCHOLARSHIPS TO STUDENTS AT INCAE BUSINESS SCHOOL AND OTHER SCHOOLS INVOLVED IN MANAGEMENT EDUCATION IN CENTRAL AMERICA.	Desc
Total Program Service Expenses	$3,082,434	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	1	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	LARRY SLESINGER	PersonNm
Phone	3013200680	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5016 WESTPATH TERRACE	AddressLine1Txt
City	BETHESDA	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	20816	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
LARRY SLESINGER SEE SCHED O
DEPUTY SECRETARY, TREASURER	15.00	Yes (X)	$90,000	$0	$0
ROBERT BRUNER
BD MEM THEN PRESIDENT (AS OF 7/1/23)	2.00	Yes (X)	$0	$0	$0	Yes (X)
MICHAEL C WILLIAMS
VICE PRESIDENT AND SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
VICTOR BALESTRA
TREASURER	2.00	Yes (X)	$0	$0	$0	Yes (X)
GEORGE LOGAN
PRES THRU 6/30/23; THEN BD MEM	1.00		$0	$0	$0	Yes (X)
ROBERTO ARTAVIA
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)
BRIZIO BIONDI-MORRA
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)
FRANCISCO DE SOLA
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)
CRISTINA LOPEZ-GOTTARDI CHAO
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)
STEPHEN CAMPBELL
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)
FEDERICO SACASA
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)
ENRIQUE BOLANOS
BOARD MEMBER	1.00		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$90,000	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$367,042	GovernmentGrantsAmt
All Other Contributions	$1,782,313	AllOtherContributionsAmt
Total Contributions	$2,149,355	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$233,020	TotalRevenueColumnAmt
Exclusion	$233,020	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$633,020	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$497,014	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$136,006	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$136,006	TotalRevenueColumnAmt
Exclusion	$136,006	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,518,381	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$369,026	ExclusionAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$3,010,434	TotalAmt
Program Services	$3,010,434	ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$90,000	TotalAmt
Program Services	$72,000	ProgramServicesAmt
Management And General	$18,000	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$25,624	TotalAmt
Management And General	$25,624	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,660	TotalAmt
Management And General	$1,660	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$11,831	TotalAmt
Management And General	$11,831	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,690	TotalAmt
Management And General	$3,690	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt
LICENSES & PERMITS	$325	$325
BOARD RELATED EXPENSES	$209	$209

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,143,773	TotalAmt
Program Services	$3,082,434	ProgramServicesAmt
Management And General	$61,339	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,125	BOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$507,572	BOYAmt
EOY	$447,097	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$444,292	BOYAmt
EOY	$172,833	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,116	BOYAmt
EOY	$2,203	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$8,837,739	BOYAmt
EOY	$9,683,222	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
EOY	$714,943	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$9,793,844	BOYAmt
EOY	$11,020,298	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$243,000	BOYAmt
EOY	$236,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$15,000	BOYAmt
EOY	$14,500	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$258,000	BOYAmt
EOY	$250,500	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,618,059	BOYAmt
EOY	$9,444,399	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,917,785	BOYAmt
EOY	$1,325,399	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$9,535,844	BOYAmt
EOY	$10,769,798	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$9,793,844	BOYAmt
EOY	$11,020,298	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$625,392	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$1,044,403	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	$781,687	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$33,256	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,096,807	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,514,794	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,047,591	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,132,956	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,149,355	CurrentTaxYearAmt
Total	$8,941,503	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,096,807	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,514,794	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,047,591	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,132,956	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,149,355	CurrentTaxYearAmt
Total	$8,941,503	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$2,077,376	SubstantialContributorsTotAmt
Public Support Total170	$6,864,127	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$195,352	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$199,661	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$179,697	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$220,934	CurrentTaxYearMinus1YearAmt
Current Tax Year	$233,020	CurrentTaxYearAmt
Total	$1,028,664	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$47	CurrentTaxYearMinus2YearsAmt
Total	$47	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$9,970,214	TotalSupportAmt
Public Support CY170	0.68850	PublicSupportCY170Pct
Public Support PY170	0.72130	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$560,565	BeginningYearBalanceAmt
Contributions	$10,000	ContributionsAmt
Investment Earnings Or Losses	$69,731	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$29,340	GrantsOrScholarshipsAmt
Other Expenditures	$500	OtherExpendituresAmt
End Year Balance	$610,456	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$3,478,526	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$430,614	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$30,241	GrantsOrScholarshipsAmt
Other Expenditures	$99,886	OtherExpendituresAmt
End Year Balance	$2,917,785	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$3,151,200	BeginningYearBalanceAmt
Investment Earnings Or Losses	$457,453	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$15,000	GrantsOrScholarshipsAmt
Other Expenditures	$115,127	OtherExpendituresAmt
End Year Balance	$3,478,526	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$3,040,371	BeginningYearBalanceAmt
Investment Earnings Or Losses	$240,956	InvestmentEarningsOrLossesAmt
Other Expenditures	$130,127	OtherExpendituresAmt
End Year Balance	$3,151,200	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,653,486	BeginningYearBalanceAmt
Investment Earnings Or Losses	$517,012	InvestmentEarningsOrLossesAmt
Other Expenditures	$130,127	OtherExpendituresAmt
End Year Balance	$3,040,371	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.00000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.83540	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.16460	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	LIMITED PARTNERSHIP INVESTMENT	Desc
Book Value	$714,943	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$714,943	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	ENDOWMENT PAYABLE	Desc
Amt	$14,500	Amt

Field	Value	IRS element (for citing)
Total Liability	$14,500	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$3,562,784	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$1,044,403	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$1,044,403	RevenueNotReportedAmt
Revenue Subtotal	$2,518,381	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,518,381	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,143,773	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$3,143,773	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$3,143,773	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART V, LINE 4:	FormAndLineReferenceDesc
Explanation	THE PURPOSE OF THE ENDOWMENT FUND IS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. DURING THE CURRENT YEAR, THE BOARD OF DIRECTORS APPROVED A $2,357,220 REDUCTION IN THE ENDOWMENT BALANCE AFTER A REVIEW OF ENDOWMENT ASSETS INDICATED THAT NO KNOWN RESTRICTION COULD BE IDENTIFIED FOR THOSE ASSETS. THIS RECLASSIFICATION, WHICH IS REFLECTED IN THE PART V BEGINNING ENDOWMENT BALANCE FOR THE CURRENT YEAR, DOES NOT CHANGE HOW THE FOUNDATION PROVIDES GRANT SUPPORT TO THE INCAE BUSINESS SCHOOL.	ExplanationTxt

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

Field	Value	IRS element (for citing)
Region	CENTRAL AMERICA AND THE CARIBBEAN	RegionTxt
Offices	0	OfficesCnt
Employee	0	EmployeeCnt
Type Of Activities Conducted	GRANTS TO RECIPIENTS LOCATED IN REGION.	TypeOfActivitiesConductedTxt
Region Total Expenditures	$3,010,434	RegionTotalExpendituresAmt

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$3,010,434	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$3,010,434	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

Field	Value	IRS element (for citing)
Region	CENTRAL AMERICA AND THE CARIBBEAN	RegionTxt
Purpose Of Grant	TO SUPPORT INCAE AND CALI	PurposeOfGrantTxt
Cash Grant	$3,010,434	CashGrantAmt
Manner Of Cash Disbursement	WIRE TRANSFER	MannerOfCashDisbursementTxt
Non Cash Assistance	$0	NonCashAssistanceAmt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA (FMECA) RECEIVES PROGRESS REPORTS FROM THE RECTOR (DIRECTOR/CEO) OF INSTITUTO CENTROAMERICANO DE ADMINISTRACION DE EMPRESAS (INCAE) AT THE BOARD MEETINGS. THE BOARD MEETS EVERY TWO YEARS AT INCAE, WHERE THEY MEET STUDENTS WHO HAVE RECEIVED SUPPORT AND OBSERVE THE SCHOOL IN OPERATION.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	THE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION ARE MANAGED BY SLESINGER MANAGEMENT SERVICES, IN CONSULTATION WITH THE BOARD. LARRY SLESINGER, THE PROPRIETOR OF THE MANAGEMENT COMPANY, RECEIVED $90,000 FOR HIS SERVICES.
FORM 990, PART VI, SECTION A, LINE 8B	NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM, AND THE DRAFT IS REVIEWED BY THE ADMINISTRATOR, THE BOARD PRESIDENT AND TREASURER. THE UPDATED DRAFT IS THEN FORWARDED TO BOARD MEMBERS FOR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	ON AN ANNUAL BASIS, EACH BOARD MEMBER IS TO REVIEW AND SIGN A CONFLICT OF INTEREST FORM WHICH DISCLOSES ANY KNOWN OR POTENTIAL CONFLICTS. THE SIGNED FORM IS COLLECTED BY THE ADMINISTRATOR AND REVIEWED BY THE BOARD PRESIDENT AND TREASURER. PER THE POLICY, IF A CONFLICT IS IDENTIFIED, WHILE THE CONFLICT IS UNDER REVIEW, THE OFFICIAL MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN THE DETERMINATION AS TO WHETHER THE CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE FOUNDATION. THE BOARD SHALL DETERMINE AN APPROPRIATE REMEDY WHICH MAY INCLUDE RECUSAL OF THE CONFLICTED OFFICIAL FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD OR OTHER FOUNDATION BODY. SLESINGER MANAGEMENT IS RESPONSIBLE FOR COLLECTING THE CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS AND BRINGING ANY POTENTIAL CONFLICTS OF INTEREST AS IDENTIFIED ON THE FORMS TO THE BOARD'S ATTENTION IMMEDIATELY. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF FMECA. A COVERED OFFICIAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD OF DIRECTORS DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THE CONFLICTED COVERED OFFICIAL FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD OR OTHER FMECA BODY.
FORM 990, PART VI, SECTION B, LINE 15	NOT APPLICABLE AS THERE ARE NO EMPLOYEES AND THE BOARD OFFICERS DO NOT RECEIVE ANY COMPENSATION. LARRY SLESINGER, THE DEPUTY SECRETARY AND TREASURER, ACTING THROUGH SLESINGER MANAGEMENT SERVICES, IS COMPENSATED FOR HIS MANAGMENT DUTIES, SEE SEPARATE NOTE IN SCHEDULE O. THE BOARD DECIDES EVERY THREE YEARS HOW MUCH TO PAY PER YEAR FOR MANAGEMENT SERVICES. THE BOARD DECIDES ANNUALLY WHETHER TO CONTINUE THE AGREEMENT FOR THE FOLLOWING YEAR, I.E. THE AGREEMENT CAN BE TERMINATED AT ANY TIME, DESPITE HAVING ALREADY DETERMINED THE PAYMENTS FOR A THREE-YEAR PERIOD. THE FEE FOR THE ADMINISTRATOR'S MANAGEMENT SERVICES WAS CONFIRMED MOST RECENTLY AT THE NOVEMBER 2023 BOARD MEETING.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF LIMITED PARTNERSHIP 33,256.
PAT XI, LINE 8	DURING 2012, THE FOUNDATION RECEIVED AS A GIFT AN OWNERSHIP INTEREST IN A LIMITED PARTENERSHIP. THE FOUNDATION DID NOT INITIALLY RECORD THIS INVESTMENT ON ITS BOOKS. THE FOUNDATION IS NOW CORRECTING THIS ERROR BY INCREASING ITS BEGINNING NET ASSETS BY $781,687 TO RECORD THE FAIR VALUE OF THE PARTNERSHIP INVESTMENT AS OF JANUARY 1, 2023.