2022-11-21T13:41:49-08:00 2021-12-31 134274627 RENE VELEZ ACCOUNTING TAX & CONSULTING 13020 SW 133rd Court MIAMI FL 33186 990 2021-01-01 261857750 Tecnologico De Monterrey Foundation TECN 3052597775 13020 SW 133rd Ct Miami FL 33186 Alejandra Naranjo Director VP Administration 3052597775 2022-05-13 true Alejandra Naranjo XXX-XX-XXXX Rene Velez CPA P01208740 3052597775 2022-11-21 3 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Juan Pablo Murra Lascurain 1722 Routh Street Dallas TX 75201 381099 false X www.tecdemonterreyfoundation.org X 2007 FL To Support and benefit domestic and foreign educational institutions as described in sections 509(a)1 and 509(a)2 7 4 0 5 0 0 26809 381099 0 0 0 0 26809 381099 817826 0 0 0 0 5370 19087 5370 836913 21439 -455814 900222 444408 0 0 900222 444408 To Support and benefit domestic and foreign educational institutions as described in sections 509(a)1 and 509(a)2, with an emphasis on addressing the needs of the economically disadvantaged. false false 817826 817826 0 The organization made a contribution to Instituto Tecnologico y De Estudios Superiores de Monterrey, a university with its main campus in Monterrey, Mexico, to support its scholarship program called Lideres del Manana. The program provides financial support to economically disadvantaged and diversified students in order to obtain a higher education. The goal is to enrich the lives of its 1,000 plus current participants through higer eductaion. The program focuses on high participant retention and graduation rates which lead to high employment rates, high levels of graduation, exposure to international education and job placement with higher income potential. 817826 true true false false false false false false 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 false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 7 4 true false false false true true false true true false false true true true true false true true true false X Rene Velez CPA 3052597775 13020 SW 133rd Court Miami FL 33186 X Juan Pablo Murra Lascurian Trustee - COB 10.00 X 0 0 0 Ing Miguel Valle Herrera Treasurer 10.00 X X 0 0 0 Ing Hector Mauricio Escamilla Santa Vice COB 10.00 X 0 0 0 Hernan Garcia Gonzalez President 10.00 X X 0 0 0 CP Hector Alfredo Marquez Trevino Asst Treasurer 10.00 X X 0 0 0 Ing Roberto Morales Morales Secretary 10.00 X X 0 0 0 Alejandra Naranjo Development & VP Administration 30.00 X X 0 0 0 Joe Rudberg Assistant Secretary 2.00 X 0 0 0 Tyree C Collier Assistant Secretary 2.00 X 0 0 0 false false false 381099 381099 0 0 0 0 0 381099 0 0 0 817826 817826 15000 0 15000 0 2796 0 2796 0 1291 0 1291 0 836913 817826 19087 0 899305 443491 917 917 900222 444408 0 0 0 0 X 900222 444408 900222 444408 900222 444408 -455814 X false false false X 0 0 44092 25256 26809 181099 277256 0 0 0 44092 25256 26809 181099 277256 183993 93263 0 0 0 277256 0.33640 X 0 0 0 Other Addl Info Unusual Grants during the year: $175,000 & $25,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED North America Scholarships 817826 Wire Transfer 0 0 FMV 1 false false false false false false Pt VI, Line 2 See Exhibit E, attached which is part of form 1023. Some of the Officers and Trustees are related by virtue of employment of the Initial Member of the Foundation. However, all officers and trustees must abide by Section 7.4 of the Bylaws, which contain a conflict of interest provision. Pt VI, Line 6 The Foundation has one Initial Member, Instituto Tecnologico Y De Estudios Superiores de Monterrey. Pt VI, Line 7a The Foundation has one Initial Member; Instituto Tecnologico y De Estudios Superiores De Monterrey, who under section 2.1 of the Bylaws, can approve terms and conditions of memberships. However, memberships may not be transferable. Further, there are no plans for additional members. The member has appointed a Board of Trustees, who make management decisions and are the governing body. Pt VI, Line 11b A copy of form 990 is provided to the Board of Trustees for their review prior to filing. Pt VI, Line 12c As provided in the Foundation Bylaws section 7.4 titled "Conflicts of Interest", there are significant provisions to assure conflicts do not occur. In particular the Board of Trustees may require as a condition to qualify as Trustee, Officer or other position, request from time to time a conflict of interest disclosure statement from such personnel. Pt VI, Line 15a See Part VI, Line 15b below. Pt VI, Line 15b The Foundation has continued operations with a combination of volunteer Board of Trustees and officers. As such the decision has been made all the Trustees and Board members recieve no compensation. At such time as a determination is made to compensate, Trustees, Officers or other personnel, guidelines, analysis and approvals are in place to follow non profit industry norms. In 2021 no officer received compensation. Office staff and other personnel would be considered for payroll, if needed, on salaries equivalent to other similar tax exempt organizations. Pt VI, Line 19 Form 990, 1023 and the Bylaws of the Foundation are available by request to either the Foundation's outside Certified Public Accountant or to the Foundation Secretary. Instituto Tecnologico y De Estudios Superiores De Monterrey Eugenio Garza Sada 2501 Monterrey NL MX 64849 Post Secondary Education MX Foreign no false false true false false false false false false false false false false false false false false false false false Tecnologico y de Estudios Superiores de Monterrey b 817826 FMV/Cash