2025-08-19T13:13:25-07:00 2024-12-31 134274627 RENE VELEZ ACCOUNTING TAX & CONSULTING 13020 SW 133rd Court MIAMI FL 33186 990 2024-01-01 261857750 Tecnologico De Monterrey Foundation TECN 3052597775 13020 SW 133rd Ct Miami FL 33186 Alejandra Naranjo Director VP Administration 3052597775 2025-04-28 true true Rene Velez CPA P01208740 3052597775 2025-08-19 2024 2025-03-06 01:10:19Z Alejandro A Poire Romero 1722 Routh Street Dallas TX 75201 1239341 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 3647413 1089234 0 756 150107 0 3648169 1239341 628618 437666 0 0 0 0 50346 13930 678964 451596 2969205 787745 3309140 4096885 0 0 3309140 4096885 To Support and benefit domestic and foreign educational institutions as described in sections 509(a)1 and 509(a)2 false false 437666 437666 0 During the year the organization provided a generous grant to Lideres del Manana. This program offers full scholarships to approximately 200 students from Mexico and Latin America, covering tuition, room and board and other living expenses. The recipients are exceptional young individuals who require financial assistance to pursue higher education. The goal of the program is to develop leaders who can drive meaningful social change. Additionally, we supported the construction of a sports facility in Guadalajara, Jalisco aimed at fostering the development of teams from diverse disciplines. This facility will have a positive impact on the entire community including teachers, 8000 students and their families. We also provided a small grant to the Ciudad Juarez campus to support the construction and equipment of the International Buisness Lab, Basic Sciences Lab and Data Science Lab. These spaces will create collaborative learning environments for up to 800 students and teachers. Lastly, a small grant was made to the Asociacion de Estudiantes de Sonora to help with their food expenses. 437666 true true false false false false false false false false false false true false false false false false false false true 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 Dr Alejandro A Poire Romero Trustee-President 10.00 X X 0 0 0 Ing Miguel Valle Herrera Trustee - COB 10.00 X X 0 0 0 CP Flor Minerva Esquival Escobar Asst. Treasurer 10.00 X 0 0 0 Hugo Armando Garza Medina Trustee - V COB 10.00 X X 0 0 0 CP Adriana Wong Redondo Trustee - Treasurer 10.00 X X 0 0 0 Eduardo Menchaca Villareal Trustee - Secretary 10.00 X X 0 0 0 Alejandra Naranjo Development & VP Administration 30.00 X 0 0 0 Joe Rudberg Asst. Secretary 2.00 X 0 0 0 Tyree C Collier Asst. Secretary 2.00 X 0 0 0 false false false 1089234 1089234 150107 0 0 1239341 150107 0 0 437666 437666 8590 0 8590 0 1434 0 1434 0 2581 0 2581 0 1291 0 1291 0 Bank Charges 34 0 34 0 451596 437666 13930 0 272813 912922 23891 3035410 3159155 917 917 3309140 4096885 0 0 0 X 309140 1096885 3000000 3000000 3309140 4096885 3309140 4096885 787745 X false false false X 0 26809 181099 318046 322058 793684 1641696 0 0 26809 181099 318046 322058 793684 1641696 680095 961601 756 150107 150863 0 0 1792559 0.53640 0.31050 X 0 0 0 Other Addl Info Unusual Grants during the year: $295,550 Pt II Ln 17a The organization is shifting its donor base & fundraising strategy. The organization has consistently maintained programs that are supported by public donations. Additionally, the organization maintains a continuous and ongoing program soliciting funds from the general public, with a focus on soliciting funds from alumni of its primary beneficiary, the Instituto Tecnologico y De Estudios Superiores de Monterrey, a university with 150,000 students in Mexico and tens of thousands of alumni in the United States. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Bonds 3125886 C Stock 33269 C 3159155 true North America 0 0 Education Education & Research 437666 0 0 0 0 437666 437666 North America Educational Support 437666 Wire 0 0 FMV 1 false false false false false false Pt I Line 2 The organization receives a formal request for a grant. Various factors are taken into consideration such as (1) The advancement of education or research (2) Demonstrated financial need (3) The use of funds involved in direct education and research and/or indirect facilities and administration. Over the course of time statistics may be gathered to support the effectiveness of a program or specific performance of goals. 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 2024 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 of the Foundation are available by request to either the Foundations 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 Instituto Tecnologico Y De Estudios Superiores De Monterrey b 437666 FMV/Cash