LUCY FERNANDEZ FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LUCY FERNANDEZ FOUNDATION INC (EIN 88-4107708)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202423209349321847
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T16:01:13-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN830696713PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GARCIA ESPINOSA MIYARES RODRIGUEZ TRUEBABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12600 S DOUGLAS ROAD SUITE 800AddressLine1Txt
CityCORAL GABLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33134ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN884107708EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LUCY FERNANDEZ FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLUCYBusinessNameControlTxt
Phone3055627232PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 S BISCAYNE BLVD 4100AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33131ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANDRES FERNANDEZPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone3057897433PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJARNETTE G RODRIGUEZ CPAPreparerPersonNm
PTINP01062623PTIN
Phone3055295440PhoneNum
Preparation2024-11-07PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANDRES FERNANDEZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 S BISCAYNE BLVD 4100AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33131ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$144,021GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LUCYFERNANDEZFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2022FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE MISSION IS TO DISTRIBUTE SCHOLARSHIPS DIRECTLY TO OUR LADY OF LOURDES ACADEMY FOR THE PURPOSE OF PAYING THE TUITION OF CERTAIN STUDENTS WHO DEMONSTRATE FINANCIAL NEED AFTER EXHAUSTING ALL OTHER FUNDING RESOURCES, AND EXPERIENCE AN UNFORESEEN EVENT OR HARDSHIP. SECONDLY, TO CREATE BOATER AND WATERCRAFT SAFETY AWARENESS.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$743,855PYContributionsGrantsAmt
CY Contributions Grants$94,643CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$37,361CYProgramServiceRevenueAmt
PY Investment Income$3,144PYInvestmentIncomeAmt
CY Investment Income$12,017CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$746,999PYTotalRevenueAmt
CY Total Revenue$144,021CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$20,989CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$19,697PYOtherExpensesAmt
CY Other Expenses$42,286CYOtherExpensesAmt
PY Total Expenses$19,697PYTotalExpensesAmt
CY Total Expenses$63,275CYTotalExpensesAmt
PY Revenues Less Expenses$727,302PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$80,746CYRevenuesLessExpensesAmt
Total Assets BOY$727,302TotalAssetsBOYAmt
Total Assets EOY$808,048TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$727,302NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$808,048NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION IS TO PROVIDE SCHOLARSHIP AND EXPERIENTIAL LEARNING OPPORTUNITIES FOR STUDENTS AT OUR LADY OF LOURDES ACADEMY. SECONDLY, TO HELP CREATE AWARENESS AROUND BOATER AND WATERCRAFT SAFETY BY WORKING WITH PRIVATE AND GOVERNMENT AGENCIES, BOTH LOCAL AND BEYOND, BY AIDING THEM IN THEIR INITIATIVES THAT SUPPORT, PROMOTE, AND CELEBRATE BEING ON THE WATER.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$40,716ExpenseAmt
Grant$20,989GrantAmt
Revenue$37,361RevenueAmt
DescLUCY FERNANDEZ FOUNDATION INC. (THE CORPORATION) WAS ESTABLISHED IN HONOR AND LOVING MEMORY OF LUCY FERNANDEZ. THE CORPORATION'S MISSION IS TO PROVIDE (I) SCHOLARSHIPS FOR STUDENTS AT OUR LADY OF LOURDES ACADEMY, LUCY'S CHERISHED SCHOOL, WHO DEMONSTRATE FINANCIAL NEED, AND (II) ASSISTANCE TO STUDENTS AT OUR LADY OF LOURDES ACADEMY (AND THEIR FAMILIES) SHOULD THEY EXPERIENCE AN UNFORESEEN EVENT OR HARDSHIP (I.E., MEDICAL EXPENSES). THE SCHOLARSHIP FUND WILL AFFORD STUDENTS THE OPPORTUNITY TO SHARE IN WHAT GENERATIONS OF YOUNG WOMEN, LIKE LUCY, WERE FORTUNATE TO EXPERIENCE. THE CORPORATION WILL ALLOCATE ALL OF ITS TIME, FUNDS RAISED AND OVERALL EXPENSES TO THE ADVANCEMENT OF ITS MISSION. CURRENTLY, THE CORPORATION IS ORGANIZING A FUNDRAISER ON GOFUNDME. IN THE FUTURE, THE CORPORATION PLANS TO UNDERTAKE VARIOUS FUNDRAISING ACTIVITIES (I.E., ANNUAL GALAS, FOOD DRIVES, SOCIAL MEDIA/WEBSITE SOLICIATIONS, ETC.).Desc
Total Program Service Expenses$40,716TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEMRT LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3055295440PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12600 DOUGLAS RD SUITE 800AddressLine1Txt
CityCORAL GABLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33134ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ANGEL FERNANDEZ JR
DIRECTOR5.00Yes (X)Yes (X)$0$0$0
ANDRES FERNANDEZ
CHIEF EXECUTIVE OFFICER20.00Yes (X)Yes (X)$0$0$0
ANTONIO GARO FRIGULS
CHIEF FINANCIAL OFFICER10.00Yes (X)Yes (X)$0$0$0
MELISSA FERNANDEZ
CHIEF EXECUTIVE OFFICER40.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$72,643FundraisingAmt
All Other Contributions$22,000AllOtherContributionsAmt
Total Contributions$94,643TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSALES OF MERCHANDISEDesc
Business711130BusinessCd
Total Revenue Column$37,361TotalRevenueColumnAmt
Exclusion$37,361ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$37,361TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,017TotalRevenueColumnAmt
Exclusion$12,017ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$72,643ContriRptFundraisingEventAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$144,021TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$49,378ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$20,989TotalAmt
Program Services$20,989ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$500TotalAmt
Program Services$500ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$13,209TotalAmt
Management And General$13,209ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,295TotalAmt
Management And General$8,295ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,055TotalAmt
Management And General$1,055ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMERCHANDISE PURCHASESDesc
Total$19,227TotalAmt
Program Services$19,227ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$63,275TotalAmt
Program Services$40,716ProgramServicesAmt
Management And General$22,559ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$115,048EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$727,302BOYAmt
EOY$693,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$727,302BOYAmt
EOY$808,048EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$727,302BOYAmt
EOY$808,048EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$727,302BOYAmt
EOY$808,048EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$727,302BOYAmt
EOY$808,048EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$80,746ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$743,855CurrentTaxYearMinus1YearAmt
Current Tax Year$94,643CurrentTaxYearAmt
Total$838,498TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$743,855CurrentTaxYearMinus1YearAmt
Current Tax Year$94,643CurrentTaxYearAmt
Total$838,498TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$838,498PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,144CurrentTaxYearMinus1YearAmt
Current Tax Year$12,017CurrentTaxYearAmt
Total$15,161TotalAmt
FieldValueIRS element (for citing)
Total Support$853,659TotalSupportAmt
Gross Receipts Rltd Activities$37,361GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOFUNFME CROWDFUNDINGEvent1Nm
Gross Receipts Event1$72,642GrossReceiptsEvent1Amt
Charitable Contri Event1$72,642CharitableContriEvent1Amt
Gross Receipts Total$72,642GrossReceiptsTotalAmt
Charitable Contributions Tot$72,642CharitableContributionsTotAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOOL TUITION PAYMENT FOR RECIPIENT OF GRANTGrantTypeTxt
Recipient1RecipientCnt
Cash Grant$20,989CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2TWO MEMBERS OF THE BOARD OF DIRECTORS ARE RELATED (FATHER/SON). ANGEL FERNANDEZ, DIRECTOR IS THE FATHER OF ANDRES FERNANDEZ, CEO. BOTH POSITIONS ARE VOLUNTARY AND BOTH INDIVIDUALS DO NOT RECEIVE ANY COMPENSATION.
FORM 990, PART VI, SECTION A, LINE 6ORGANIZATION HAS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7AEACH DIRECTOR IS ENTITLED TO ONE VOTE AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 11BORGANIZATION REVIEWS USING FINANCIAL INFORMATION AS WELL AS A DETAIL LISTING OF ACCOUNTS.
FORM 990, PART VI, SECTION B, LINE 12CPER POLICY, THERE IS A DUTY TO DISCLOSE THE EXISTENCE OF ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEEREST. AFTER DISCLOSURE, THE BOARD DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. BOARD MEMBERS WOULD DISCUSS AND VOTE ON THE CONFLICT OF INTEREST, EXERCISE DUE DILIGENCE AND DETERMINE BY MAJORITY VOTE RESOLUTION OF THE CONFLICT OF INTEREST. THE CORPORATION WOULD ALSO CONDUCT PERIODIC REVIEWS OF ACTIVITIES.
FORM 990, PART VI, SECTION B, LINE 15ALL OFFICERS ARE VOULUNTARY AND NO COMPENSATION PAID IN 2023.
FORM 990, PART VI, SECTION C, LINE 19CONTACT INFORMATION IS LOCATED WITHIN OUR WEBSITE, WHERE THE PUBLIC MAY REACH OUT FOR THE FORM 990.

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