2023-11-15T17:23:37+00:00 2022-12-31 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2022-01-01 650326517 American Nicaraguan Foundation Inc AMER 3053743391 1000 NW 57th Court Suite 170 Miami FL 33126 Nicolas Arguello Executive Director & Secretary 2023-11-15 true Maria Almendarez 999009999 BRITTNEY KOCAJ P01320603 9542028600 2022 2023-04-26 12:10:37Z F Alfredo Pellas Jr 1000 NW 57th Court Suite 170 Miami FL 33126 2190486 false X www.anfnicaragua.org X 1992 FL American Nicaraguan Foundation (ANF) is a relief and development organization whose mission is to alleviate poverty in the lives of the most vulnerable populations across Nicaragua. 12 10 5 24 0 0 2053574 1592065 8248664 21745 125077 -1328900 216716 -9191 10644031 275719 1430346 894772 0 1848968 1372498 0 111318 7907283 872502 11186597 3139772 -542566 -2864053 7615925 2254858 2747280 284340 4868645 1970518 X AMERICAN NICARAGUAN FOUNDATION (ANF) IS A RELIEF AND DEVELOPMENT ORGANIZATION WHOSE MISSION IS TO REDUCE THE IMPACT OF POVERTY IN THE LIVES OF THE MOST VULNERABLE POPULATIONS ACROSS NICARAGUA. ANF TAKES A HOLISTIC APPROACH TO POVERTY ALLEVIATION, WORKING ACROSS THE RELIEF-DEVELOPMENT SPECTRUM IN THE AREAS OF HOUSING, HEALTHCARE, NUTRITION, EDUCATION, WATER, SANITATION, AGRICULTURE, AND HUMANITARIAN ASSISTANCE. false true 1777671 894772 21745 American Nicaraguan Foundation (ANF) is a relief and development organization whose mission is to reduce the impact of poverty in the lives of the most vulnerable populations across Nicaragua. ANF takes a holistic approach to poverty alleviation, working across the relief-development spectrum in the areas of housing, healthcare, nutrition, education, water, sanitation, agriculture, and humanitarian assistance. main program service accomplishments in 2022 include the following: Water and Sanitation: 11,408 people supported with hygiene, water and sanitation projects 56 sanitary facilities built Housing: 56 houses built 280 people impacted by housing projects Humanitarian aid: 40,000 people benefited with food, medicine, and other necessities through 187 organizations In May 2022, the Board of Directors consented to cease all business affairs in Nicaragua. ANF is currently not operating any programs. 1777671 true true false false false false false false false false false false false false true true false false true true true 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 true X 3 0 true 5 true false true NU false false false false false false false false false false X 12 10 true false false false false false false true true false false true true true true true true true true false FL X X Marisol Almendarez 3053743391 1000 NW 57th Court Suite 170 Miami FL 33126 F Alfredo Pellas Jr President & Treasurer 1.0 X X 0 0 0 Nicolas Arguello Executive Director 40.0 X X 153750 0 0 Rafael Sanchez Vice President 20.0 X X 43778 0 0 Carlos Vicente Board Member 1.0 X 0 0 0 Carmen Ch De Pellas Board Member 1.0 X 0 0 0 Dania Baltodano Board Member 1.0 X 0 0 0 Danilo Manzanares Board Member 1.0 X 0 0 0 Emilia Navarro Board Member 1.0 X 0 0 0 Johnny Sordo Board Member 1.0 X 0 0 0 Luis Navas Board Member 1.0 X 0 0 0 Silvio Pellas Board Member 1.0 X 0 0 0 Theresita Pellas Board Member 1.0 X 0 0 0 Damaris Oporta CFO 40.0 X 0 0 0 197528 0 0 1 false true false 0 1592065 237947 1592065 PROGRAM REVENUE 900099 21745 21745 0 0 0 0 21745 62279 62279 4897 14088 -9191 0 -9191 -9191 509500 0 507039 1393640 2461 -1393640 -1391179 -1391179 0 0 0 0 0 275719 21745 0 -1338091 894772 894772 197528 131608 65920 1174970 490540 600786 83644 68934 39003 23337 6594 97506 39122 54686 3698 102058 67787 31385 2886 27958 17077 10211 670 108163 48865 50806 8492 Loss on Foreign Currency Translation 111097 111097 Other Expenses 356786 48897 302555 5334 0 0 0 0 3139772 1777671 1250783 111318 4436556 1619689 358135 0 195804 0 0 0 0 0 179175 467409 52360 0 0 0 1386321 0 1007574 167760 0 0 0 0 7615925 2254858 332849 284340 2414431 0 0 0 0 0 2747280 284340 X -94075 1970518 4962720 0 4868645 1970518 7615925 2254858 -2864053 -34074 0 X false true X true false X 33869842 8952365 3296973 2053574 1592065 49764819 0 0 33869842 8952365 3296973 2053574 1592065 49764819 26642 49738177 101589 162726 203885 171363 67176 706739 0 0 0 0 0 0 298021 228448 199208 232511 0 958188 51429746 24737010 0.9671 0.9817 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 36810.0, COLUMN B - 13497.0, COLUMN C - 0.0, COLUMN D - 13800.0, COLUMN E - 0.0, COLUMN F - 64107.0; DESCRIPTION - GROSS INCOME FROM GAMING ACTIVITIES, COLUMN A - 5008.0, COLUMN B - 1897.0, COLUMN C - 0.0, COLUMN D - 15822.0, COLUMN E - 0.0, COLUMN F - 22727.0; DESCRIPTION - OTHER INCOME, COLUMN A - 256203.0, COLUMN B - 213054.0, COLUMN C - 199208.0, COLUMN D - 202889.0, COLUMN E - 0.0, COLUMN F - 871354.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1680986 0 0 1680986 -1405267 -1405267 275719 4579113 1439341 1439341 3139772 0 0 3139772 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is a nonprofit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and classified as other than a private foundation. The Foundation has adopted "Accounting for Uncertainties in Income Taxes" as prescribed by the Accounting Standards Codification, which provides guidance for financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in a tax return for open tax years (generally a period of three years from the later of each return's due date or the date filed) that remain subject to examination. In Nicaragua, The Foundation was registered with the Ministerio de Gobernacion as a foreign not-for-profit Foundation exempt from income taxes in accordance with with chapter V, article 19 of Law No. 147: General Law of Non-profit Legal Entities (1992). As of December 31, 2022, the Foundation had ceased all operations in Nicaragua and had requested to terminate its registration. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expenses - -14088 Realized Gain on Securities - 2461 Loss on Sale of Property - -1393640 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 14088 Realized Gain on Securities - -2461 Loss on sale of property - 1393640 Unrealized Loss on Investments - 34074 true Central America and the Caribbean 0 0 Grantmaking distribution of food, medicine, medical equipment, clothes, household goods, and supplies 894772 Central America and the Caribbean 1 110 Program Services Promoting economic opportunity and improving livelihoods of impoverished families 882899 1 110 0 0 1 110 1777671 0 1777671 Central America and the Caribbean AID FOR POOR IN NICARAGUA 5406 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5114 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5038 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 13355 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5181 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5138 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 22671 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 6497 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 30174 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 21194 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 6727 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 24100 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 16377 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 6027 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5995 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 27486 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5500 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 67275 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 104680 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 90000 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 53911 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 7000 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5600 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 5804 FOOD AND LIVING / MEDICAL SUPPLIES FMV Central America and the Caribbean AID FOR POOR IN NICARAGUA 17039 FOOD AND LIVING / MEDICAL SUPPLIES FMV 25 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds The organization works very closely with grantee organizations to ensure donated goods are used for their intended purposes. The organization maintains several warehouses and an office in Nicaragua to house the goods before they are distributed. The organization conducts field investigations to ensure goods are used as intended. Employees of the organization are active in the communities that benefit from these grants and are present to see the distribution of the goods, which ensures the grants are used for their intended purposes. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual X X X false false false false false false false false false Nicolas Arguello Executive Director 153750 0 0 0 0 0 0 0 0 0 153750 0 0 0 X 86 Market value X 33296 230744 Market value X 1654 4307 Market value X Agriculture Materials 6 1560 Market value X Furniture 50 1250 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Clothing and household goods - NUMBER OF ITEMS CONTRIBUTED Drugs and medical supplies - NUMBER OF ITEMS CONTRIBUTED Food inventory - NUMBER OF ITEMS CONTRIBUTED Other - Agriculture Materials NUMBER OF ITEMS CONTRIBUTED Other - Furniture NUMBER OF ITEMS CONTRIBUTED Form 990, Part III, Line 3 Significant changes in program services In May 2022, the Board of Directors consented to cease all business affairs in Nicaragua. ANF is currently not operating any programs. Form 990, Part VI, Line 15 Process to Establish Officer Compensation COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE VICE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, WHICH IS A COMMITTEE OF BOARD MEMBERS. THE COMMITTEE USES COMPARABILITY DATA TO ENSURE COMPENSATION IS REASONABLE AND DOCUMENTS THE DECISIONS AND DELIBERATIONS IN THE EMPLOYEE'S FILE AND COMMITTEE MINUTES. THE COMPENSATION REVIEW AND APPROVAL IS DONE ANNUALLY. Form 990, Part VI, Line 1a Delegate broad authority to a committee The organization's executive committee has and may exercise all the authority of the board of directors, except as provided by law. All members of the executive committee are voting members of the governing body Form 990, Part VI, Line 2 Family/business relationships amongst interested persons F. ALFREDO PELLAS, JR., SILVIO PELLAS CH., THERESA PELLAS, CARMEN CH. DE PELLAS AND CARLOS PELLAS - Family relationship, F. ALFREDO PELLAS, JR. AND CARLOS PELLAS - Business relationship, RAFAEL SANCHEZ AND JOHNNY SORDO - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed in detail by management. A copy of the Form 990 is then provided to every member of the governing body prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy AMERICAN NICARAGUAN FOUNDATION HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES THE MEMBERS OF THE BOARD TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. ONCE THE STATEMENTS ARE COMPLETED THE RESPONSES ARE REVIEWED AND IT IS DETERMINED WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DECISIONS OR ACTIONS REGARDING THE CONFLICTING ISSUE. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents are made available to the public through the State of Florida. The organization's financial statements are available on the organization's website.