2021-05-11T17:36:45-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2020-01-01 541492775 FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA FOUN 3013200680 PO BOX 639 GLEN ECHO MD 20812 GEORGE W LOGAN BOARD PRESIDENT 3013200680 2021-05-11 1 GEORGE LOGAN XXX-XX-XXXX MICHAELA J CROMAR CPA P00895728 8178775000 2021-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z THE INCAE FOUNDATION GEORGE W LOGAN PO BOX 639 GLEN ECHO MD 20812 8353049 0 X WWW.THEINCAEFOUNDATION.ORG X 1980 VA TO MAKE GRANTS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 11 11 0 11 0 0 1096807 1514794 0 0 459131 2529046 0 0 1555938 4043840 1540436 2027914 0 0 0 0 0 0 0 153439 144480 1693875 2172394 -137937 1871446 9764325 10087456 227000 232140 9537325 9855316 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 2027914 2027914 GRANTMAKING: TO PROVIDE SCHOLARSHIPS TO STUDENTS AT INCAE BUSINESS SCHOOL AND OTHER SCHOOLS INVOLVED IN MANAGEMENT EDUCATION IN CENTRAL AMERICA 2027914 1 1 0 0 0 1 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 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X LARRY SLESINGER 3013200680 5016 WESTPATH TERRACE BETHESDA MD 20816 X GEORGE LOGAN PRESIDENT 2.00 X X 0 0 0 MICHAEL C WILLIAMS VICE-PRESIDENT 1.00 X X 0 0 0 STEPHEN CAMPBELL 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 VICTOR BALESTRA BOARD MEMBER 1.00 X 0 0 0 FRANCISCO DE SOLA 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 CRISTINA LOPEZ GOTTARDI CHARO BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1514794 1514794 199661 199661 6638594 4309209 2329385 2329385 2329385 4043840 0 0 2529046 2027914 2027914 81000 81000 325 325 13429 13429 41868 41868 591 591 986 986 3539 3539 2742 2742 2172394 2027914 144480 0 15006 3025 31101 1361 2689 2742 9715529 10080328 9764325 10087456 840 214000 218000 13000 13300 227000 232140 X 6496954 6704116 3040371 3151200 9537325 9855316 9764325 10087456 1871446 -1553455 0 X 0 1 X 1 0 X 838240 1543156 1587427 1096807 1514794 6580424 838240 1543156 1587427 1096807 1514794 6580424 1588016 4992408 176684 149074 156880 195352 199661 877651 7458075 0.66940 0.67860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45 1514794 1514794 0 1 3040371 240956 130127 3151200 2653486 517012 130127 3040371 2938538 -154925 130127 2653486 2177375 500000 391290 130127 2938538 2092631 189871 105127 2177375 0 0 0 ENDOWMENT LIABILITY 13300 13300 X 933723 -1553455 -1553455 2487178 41868 1514794 1556662 4043840 615732 0 615732 41868 1514794 1556662 2172394 PART V, LINE 4: TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A SECTION 509(A)(2) ORGANIZATION. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION. THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: DONOR ADVISED FUNDS RECEIVED 1,514,794. PART XII, LINE 4B - OTHER ADJUSTMENTS: DONOR ADVISED FUNDS PAID 1,514,794. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING PROVIDES GRANTS AND SCHOLARSHIPS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA 2027914 0 0 0 0 0 0 2027914 0 2027914 CENTRAL AMERICA & CARRIBEAN TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 2027914 VIA CHECKS DEPOSITED IN INCAE'S BANK IN THE USA 0 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 REVIEW THE SCHOOL IN OPERATION. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ENRIQUE BOLANOS, ROBERTO ARTAVIA, AND BRIZIO BIONDI-MORRA ARE ON THE STAFF OR BOARD OF INSTITUTO CENTROAMERICANO DE ADMINISTRACION DE EMPRESAS (INCAE). 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 NO EMPLOYEES AND THE BOARD OFFICERS DO NOT RECEIVE ANY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.