2022-06-06T09:16:39-05:00 2021-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2021-01-01 541492775 FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA FOUN 3013200680 PO BOX 639 GLEN ECHO MD 20812 GEORGE LOGAN PRESIDENT 3013200680 2022-06-06 1 GEORGE LOGAN XXX-XX-XXXX RICHARD J LOCASTRO CPA P00288314 3019519090 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z INCAE FOUNDATION LARRY SLESINGER PO BOX 639 GLEN ECHO MD 20812 3193022 0 X WWW.THEINCAEFOUNDATION.ORG X 1980 VA TO MAKE GRANTS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 11 11 0 11 0 0 1514794 2047591 0 0 2529046 339918 0 47 4043840 2387556 2027914 2544648 0 0 0 0 0 0 0 144480 103637 2172394 2648285 1871446 -260729 10087456 11540471 232140 258000 9855316 11282471 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 NICARAGUA. 0 0 2618379 2544648 GRANTMAKING: TO PROVIDE SCHOLARSHIPS TO STUDENTS AT INCAE BUSINESS SCHOOL AND OTHER SCHOOLS INVOLVED IN MANAGEMENT EDUCATION IN CENTRAL AMERICA. 2618379 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MD X LARRY SLESINGER 3013200680 5016 WESTPATH TERRACE BETHESDA MD 20816 GEORGE LOGAN PRESIDENT 2.00 X X 0 0 0 MICHAEL C WILLIAMS VICE PRESIDENT AND SECRETARY 1.00 X X 0 0 0 VICTOR BALESTRA TREASURER 2.00 X X 0 0 0 ROBERTO ARTAVIA BOARD MEMBER 1.00 X 0 0 0 BRIZIO BIONDI-MORRA BOARD MEMBER 1.00 X 0 0 0 FRANCISCO DE SOLA BOARD MEMBER 1.00 X 0 0 0 CRISTINA LOPEZ-GOTTARDI CHAO BOARD MEMBER 1.00 X 0 0 0 STEPHEN CAMPBELL BOARD MEMBER 1.00 X 0 0 0 FEDERICO SACASA BOARD MEMBER 1.00 X 0 0 0 ENRIQUE BOLANOS BOARD MEMBER 1.00 X 0 0 0 ROBERT BRUNER BOARD MEMBER 1.00 X 0 0 0 LARRY SLESINGER SEE SCHED O DEPUTY SECRETARY, TREASURER 15.00 X 84000 0 0 84000 0 0 0 0 0 0 0 996689 1050902 2047591 179697 179697 965687 805466 160221 160221 160221 OTHER INCOME 900099 47 47 47 2387556 0 0 339965 2544648 2544648 84000 71400 12600 325 325 14637 14637 1933 1933 2742 2331 411 2648285 2618379 29906 0 3025 2325 1361 392942 2742 2878 10080328 11142326 10087456 11540471 840 218000 243000 13300 15000 232140 258000 X 6704116 7803945 3151200 3478526 9855316 11282471 10087456 11540471 -260729 1687884 0 X 0 1 X 1 1 1 X 1543156 1587427 1096807 1514794 2047591 7789775 1543156 1587427 1096807 1514794 2047591 7789775 1479744 6310031 149074 156880 195352 199661 179697 880664 47 47 8670486 0.72780 0.66940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3151200 457453 15000 115127 3478526 3040371 240956 130127 3151200 2653486 517012 130127 3040371 2938538 -154925 130127 2653486 2177375 500000 391290 130127 2938538 0.00000 0.74820 0.25180 0 0 0 ENDOWMENT PAYABLE 15000 15000 X 4075440 1687884 1687884 2387556 0 2387556 2648285 0 2648285 0 2648285 PART V, LINE 4: TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION. 2544648 0 0 0 0 0 0 2544648 0 2544648 CENTRAL AMERICA AND THE CARIBBEAN TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 2544648 VIA CHECK 0 1 0 1 0 0 0 0 0 PART I, LINE 2: 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. PART III ACCOUNTING METHOD: 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 $84,000 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 REVISED 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. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.