2025-07-11T13:38:37-07:00 2024-12-31 Julie Murphy 8339 W Big Canyon Dr Sunland CA 91040 990 2024-01-01 831995328 Friends of Suenos FRIE 2158483197 308 East Lancaster Ave Suite 235 Wynnewood PA 19096 Brent Gray Treasurer 2025-07-11 true true Julie Murphy P02531691 6267261725 X 2024 2025-03-06 01:10:19Z Amy Cohen 308 East Lancaster Ave Suite 235 Wynnewood PA 19096 212125 false X www.suenosgt.org X PA Friends of Suenos provides support to Asociacion Suenos in Antigua, Guatemala, a non-profit organization focused on improving the lives of marginalized children of diverse, predominantly indigenous, backgrounds in Antigua Guatemala by providing a safe space of empowerment, learning and coexistence for children who spend the majority of their time on the streets, working or accompanying their working parents. 8 7 0 7 0 184260 209578 0 489 642 0 184749 210220 176385 126750 0 21000 0 0 1053 3843 177438 151593 7311 58627 14602 75134 0 14602 75134 Friends of Suenos provides support to Asociacion Suenos in Antigua, Guatemala, a non-profit organization focused on improving the lives of marginalized children of diverse, predominantly indigenous, backgrounds in Antigua Guatemala by providing a safe space of empowerment, learning and coexistence for children who spend the majority of their time on the streets, working or accompanying their working parents. false false 147750 126750 Friends of Suenos provides support for educational and charitable programs for Asociacion Suenos in Antigua, Guatemala. In 2024, Asociacion Suenos provided preschool and elementary school education to 33 students and achieved 100 promotion rate at all levels. Asociacion Suenos provided wrap-around services, including nutrition, psychology, and social work for all families. 147750 true true false false false false false false false false false false false false false false false false false true true true false false false false false false false false false false false false false true false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 8 7 false false false false false false false true false false false true false false false false false false PA X Amy Cohen 2158483197 325 East Lancaster Ave Suite 325 Wynnewood PA 19096 Katharine Korsyn Executive Dir. 2.00 0.00 X 0 21000 0 Amy Cohen President 8.00 0.00 X X 0 0 0 Brent Gray Treasurer 2.00 0.00 X X 0 0 0 Karen Cheney Vice President 1.00 0.00 X X 0 0 0 Sonia Reardon Secretary 1.00 0.00 X X 0 0 0 Kiara Jacoby Director 1.00 0.00 X 0 0 0 Juliana Collamer Director 1.00 0.00 X 0 0 0 Diane Palmer Director 1.00 0.00 X 0 0 0 21000 0 false false false 0 209578 209578 0 603 603 0 0 0 1944 1905 39 39 39 0 0 0 0 210220 642 0 0 126750 126750 0 21000 21000 0 0 0 0 0 0 0 3050 3050 0 0 0 0 0 0 326 326 0 0 0 0 0 0 0 0 0 Bank Fees 467 467 0 151593 147750 3843 0 7630 62731 0 0 0 0 0 0 0 0 0 6972 12403 0 0 0 0 14602 75134 0 0 X 14602 75134 14602 75134 14602 75134 X 58627 1905 X false false false X 44417 82536 104122 184260 209578 624913 0 0 44417 82536 104122 184260 209578 624913 0 624913 271 509 603 1383 0 0 626296 0.99780 0.99440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Central America Guatemala 0 1 Program Services Support marginalized children 147750 1 1 147750 147750 Central America Children education 126750 Wire xfer 1 false false false false false false Katharine Korsyn Director 21000 Consultancy fee false Form 990, Part VI, Section B, Line 11b The Finance Committee, made up of Board members, reviews Form 990 prior to its filing. The Board of Directors authorizes the President of the Board or her designees to file the 990. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 Donated securities timing difference = $1905 Part VII, Section A The Executive Director referenced in this filing served as executive leader of a foreign nonprofit organization that received grant funding from the US organization. The US nonprofit and foreign organization were legally separate and independently governed entities. The US nonprofit contracted directly with the Executive Director as a non-employee independent contractor to support and oversee foreign operations. The Executive Director was compensated via Form 1099 and classified as an independent contractor based on IRS common law control test, as outlined in IRS Publication 15-A (Employer's Supplemental Tax Guide) and IRS Publication 1779 (Independent Contractor or Employee). The Executive Director retained full control over daily operations and decision making for the foreign entity. They operated autonomously without daily supervision from the US nonprofit. The individual did not receive benefits, office space, or tools from the US entity. Part VIII Statement of Revenue, Line 11a A realized gain from the sale of marketable securities is excluded from UBIT under IRC 512(b)(5). The securities were not debt-financed or held in connection with an unrelated business activity. Part XI: Reconciliation of Net Assets Timing of revenue recognition on contributed securities received in late 2023 and sold in early 2024 resulted in a difference between the changes in net assets and revenue reported on Form 990 of the current year, due to prior-year reporting of the contribution and current year reporting of realized gain and investment balances. Schedule A, Part II, Section B, Line 8 Prior year Schedule A, Part II, Line 8 included donated securities that have been reclassified to Part II, Section A, Line 1 to properly reflect their nature as a noncash contribution. The organization's public support percentage remains unaffected.