2021-05-11T16:38:43-05:00 2020-06-30 204989621 VERDEJA DE ARMAS & TRUJILLO LLP 255 ALHAMBRA CIR STE 560 CORAL GABLES FL 331347417 990 2019-07-01 611566768 FOUNDATION FOR NEW EDUCATION INITIATIVES INC FOUN 3059957317 1450 NE 2ND AVE RMSTE 931 MIAMI FL 33132 ALAN H FEIN TREASURER 3059957317 2021-05-11 1 OCTAVIO A VERDEJA P00640853 3054463177 2021-05-11 2019 2022-09-23 18:48:47Z ANN DE LAS POZAS 1450 NE 2ND AVE RM/STE 931 MIAMI FL 33132 6098233 0 X WWW.GIVEOURSTUDENTSTHEWORLD.ORG X 2008 FL THE MISSION OF THE FOUNDATION FOR NEW EDUCATION INITIATIVES, INC. IS TO ENHANCE STUDENT ACHIEVEMENT AND COMMUNITY ENGAGEMENT IN SUPPORT OF EDUCATIONAL INITIATIVES OF MIAMI-DADE COUNTY PUBLIC SCHOOLS. 14 14 4 150 0 0 5768200 5323606 0 0 7944 6821 -341784 387154 5434360 5717581 4321408 5367851 0 0 161148 172578 0 0 172718 473010 668381 4955566 6208810 478794 -491229 3231480 4451373 234291 1945413 2997189 2505960 X THE MISSION OF THE FOUNDATION FOR NEW EDUCATION INITIATIVES, INC. IS TO ENHANCE STUDENT ACHIEVEMENT AND COMMUNITY ENGAGEMENT IN SUPPORT OF EDUCATIONAL INITIATIVES OF MIAMI-DADE COUNTY PUBLIC SCHOOLS. 0 0 5775195 5367851 FNEI AND M-DCPS SUPPORTED THE 2019 SYIP FOR A THIRD CONSECUTIVE YEAR. WITH THE SUPPORT OF THE COUNTY, THE CHILDREN'S TRUST, AND CAREER SOURCE, FUNDING IN THE AMOUNT OF $4.2 MILLION WAS RECEIVED TO SUPPORT 3,055 STUDENT INTERNSHIPS.FNEI RAISED NEARLY $600,000 AT THE FOR THE LOVE OF LEARNING GALA TO FUND DISTRICT INITIATIVES, SUCH AS THE CULTURAL PASSPORT, STUDENT SCHOLARSHIPS, AND ADDRESSING BASIC NEEDS FOR THE DISTRICT'S NEARLY 10,000 STUDENTS IN TRANSITION.AT THE 5TH ANNUAL SUPERINTENDENT'S CHALLENGE - A RACE FOR EDUCATION, FNEI HOSTED 4,300 PARTICIPANTS AND RAISED OVER $120,000. FNEI WAS ABLE TO PAY OUT OVER $40,000 TO PARTICIPATING SCHOOLS.DURING 2019, FNEI CONTINUED ITS RELATIONSHIP WITH RAY ALLEN AND THE RAY OF HOPE FOUNDATION. THROUGH THIS PARTNERSHIP, TWO NEW COMPUTER LABS WERE DONATED TO THE DISTRICT, BRINGING THE TOTAL TO 5 DONATED COMPUTER LABS.THE FOUNDATION FOR NEW EDUCATION INITIATIVES, INC. BEGAN ITS INITIAL EFFORTS TO PROVIDE MEALS TO OUR NEEDIEST FAMILIES, EVENTUALLY RAISING OVER $1 MILLION. WE WERE ABLE TO SERVE 500+ MEALS DAILY. OVER 130,000 RESTAURANT PURCHASED MEALS WERE PROVIDED FROM THE END OF THE 2019-2020 SCHOOL YEAR AND THROUGH THE START OF THE 2020-2021 YEAR. FNEI RAISED OVER $90,000 FOR HURRICANE DORIAN RELIEF.FNEI GAVE $51,750 IN SCHOLARSHIP DOLLARS TO ELIGIBLE STUDENTS IN THE 2019 - 2020 SCHOOL YEAR.COMPUTER AND STEAM LABS - FNEI CONTRIBUTED OVER $56,000 TO CREATE AND UPGRADE DISTRICT COMPUTER AND STEAM LABS.MINI-GRANTS - $45,000 WERE DISTRIBUTED TO TEACHERS AS MINI-GRANTS. SUPPORT TO SCHOOLS. THE FOUNDATION WAS ABLE TO PROVIDE SUPPORT TO SCHOOLS WITH MINI GRANTS AND SCHOLARSHIPS TO STUDENTS. THE FOUNDATION PARTICIPATES IN MANY PROGRAMS THROUGH OUT THE YEAR. THESE PROGRAMS HAVE SEVERAL DIFFERENT FUNDING SOURCES. 5775195 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1202 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X ROXANA VEGA 3059951516 1450 NE 2ND AVE MIAMI FL 33132 PERLA TABARES HANTMAN VICE CHAIR 2.00 X X 0 0 0 ALBERTO CARVALHO CHAIR 2.00 X X 0 0 0 ALAN FEIN TREASURER 2.00 X X 0 0 0 DAVID L MARCUS DIRECTOR 2.00 X 0 0 0 SUSAN MCDOWELL DIRECTOR 2.00 X 0 0 0 NATACHA BASTIAN DIRECTOR 2.00 X 0 0 0 JULIE WILLIAMSON SECRETARY 2.00 X X 0 0 0 KADISHA PHELPS DIRECTOR 2.00 X 0 0 0 PETER E SALOMON DIRECTOR 2.00 X 0 0 0 ALFRED G SMITH DIRECTOR 2.00 X 0 0 0 CELIA DE LA LLAMA DIRECTOR 2.00 X 0 0 0 SANDRA WEST DIRECTOR 2.00 X 0 0 0 DR WAYNE STEPHENS DIRECTOR 2.00 X 0 0 0 MATTHEW ANDERSON DIRECTOR 2.00 X 0 0 0 ANN DE LAS POZAS EXECUTIVE DIRECTOR 40.00 X 126792 0 0 126792 0 0 1 0 0 0 0 66912 4409781 846913 5323606 6821 6821 651106 66912 380652 270454 270454 MISCELLANEOUS REVENUE 116700 116700 116700 5717581 116700 0 277275 5367851 5367851 117792 117792 42505 42505 12281 12281 31403 31403 11000 11000 40541 36944 3597 276854 275162 1692 2668 2668 SPECIAL EVENTS 267956 95238 172718 BAD DEBT EXPENSE 21000 21000 YOUTH PROGRAMS 16959 16959 6208810 5775195 260897 172718 2962797 4313377 268683 137996 3231480 4451373 234291 39738 1875000 30675 234291 1945413 X 1272976 461473 1724213 2044487 2997189 2505960 3231480 4451373 -491229 0 X 0 1 X 1 0 X X X 1 MDC-PS 596000572 2 1 5367851 0 1 5367851 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6168936 70703 380652 451355 5717581 0 5717581 6660165 70703 380652 451355 6208810 0 6208810 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/20, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 380,652. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 380,652. GALA 518845 66912 451933 69023 245261 5K RACE 119423 119423 16868 1 79750 79750 49500 718018 66912 651106 118523 262129 380652 270454 1 MIAMI-DADE COUNTY PUBLIC SCHOOLS 1450 NE 2ND AVENUE MIAMI FL 33132 596000572 5367851 FMV IMPROVE STUDENT EDU. PART I, LINE 2: ALL FUNDS PROVIDED TO ORGANIZATIONS ARE DONE SO IN ACCORDANCE WITH THE SCOPE AND OBJECTIVES OF THE PROGRAMS PROPOSED FOR FUNDING, THE FUNDERS' GUIDELINES AND REQUIREMENTS AND ARE MANAGED AND IMPLEMENTED BY THE FOUNDATION AS APPROVED BY THE BOARD OF DIRECTORS. THIS FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY IN ACCORDANCE WITH FL STATUTES SEC 1001 453. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND IS PRESENTED TO THE BOARD CHAIR FOR REVIEW AFTER IT IS FILED. UPDATES, IF ANY, WILL BE PROCESSED BY AMENDED RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS COMPLETE THE CONFLICT OF INTEREST FORM, DECLARING ANY POTENTIAL CONFLICTS, WHICH ARE REVIEWED BY THE EXECUTIVE DIRECTOR. DISCIPLINARY ACTION AND RESTRICTIONS ARE IDENTIFIED ON AN INDIVIDUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION MATTERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.