2020-07-10T14:22:19-05:00 2019-06-30 204989621 VERDEJA DE ARMAS & TRUJILLO LLP 255 ALHAMBRA CIR STE 560 CORAL GABLES FL 331347417 990 2018-07-01 611566768 FOUNDATION FOR NEW EDUCATION INITIATIVES INC FOUN 3059957317 1450 NE 2ND AVE RM/STE 931 MIAMI FL 33132 IRAIDA MENDEZ-CARTAYA ASSOCIATE SUPERINTENDENT 3059957317 2020-07-10 1 OCTAVIO A VERDEJA P00640853 3054463177 2020-07-10 170.55.63.100 2020-07-10 15:03:29 ED P 59E52F2BCDB5AC939DFD646E747BAD16C5D1EA62 E4B8E8B3CB0A41D630B4BD7476065D2D9DE4B3BA 2018 2020-11-06 18:47:13Z ANN DE LAS POZAS 1450 NE 2ND AVE RM/STE 931 MIAMI FL 33132 5946578 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 50 0 0 5365051 5768200 0 0 6331 7944 116650 -341784 5488032 5434360 3279531 4321408 0 0 146684 161148 0 0 0 1288856 473010 4715071 4955566 772961 478794 4673719 3231480 2155324 234291 2518395 2997189 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 4694403 4321408 THE FOUNDATION FOR NEW EDUCATION INITIATIVE WAS ABLE TO SUPPORT THE SUMMER YOUTH INTERNSHIP PROGRAM, THROUGH A PARTNERSHIP WITH THE COUNTY, THE CHILDREN'S TRUST, AND CAREER SOURCE PROVIDING $2,079,872, SUPPORTING 2,526 STUDENTS IN A 5-WEEK PAID INTERNSHIP PROGRAM, AND CONTRACTING WITH AND COORDINATING THE PAYMENT OF THE 45 INDEPENDENT CONTRACTORS WHO SUPERVISED THE PROGRAM.THE 4TH ANNUAL FOR THE LOVE OF LEARNING GALA WAS ATTENDED BY OVER 450 BUSINESS AND COMMUNITY LEADERS, RAISING NEARLY $600,000 FOR OTHERWISE UNFUNDED DISTRICT INITIATIVES, SUCH AS CULTURAL PASSPORT, PAYING FOR BASIC NEED FOR THE DISTRICT'S STUDENTS IN TRANSITION (HOMELESS), AND AWARDING SCHOLARSHIPS TO STUDENTS.ADDITIONALLY, THE SUPERINTENDENT'S 5K RACE, HELD ON APRIL 13TH, AT MUSEUM PART, IN DOWNTOWN MIAMI, HOSTED OVER 3,300 PARTICIPANTS, REPRESENTING OVER 219 SCHOOLS, $32,364 WERE GIVEN BACK TO THE SCHOOLS.IN ADDITION TO SERVING AS THE FISCAL AGENT FOR BOTH THE SUMMER INTERSHIP PROGRAM AND THE TOGETHER FOR CHILDREN INITIATIVE, FNEI CONTINUED ITS RELATIONSHIP WITH RAY ALLEN AND HIS RAY OF HOPE FOUNDATION. THROUGH THIS PARTNERSHIP, TWO COMPUTER LABS COMPLETED WITH COMPUTERS, LAPTOPS, FURNITURE, PAINTING AND WALL GRAPHICS, WERE DONATED TO THE DISTRICT THIS YEAR, REPRESENTING AN IN-KIND DONATION VALUED APPROXIMATED AT $56,000. 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. 4694403 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 1422 0 1 4 1 0 0 0 0 0 1 1 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 DIRECTOR 2.00 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 BETH EDWARDS 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 115146 0 0 115146 0 0 1 0 0 0 0 579173 3668955 1520072 5768200 7944 7944 167894 579173 512218 -344324 -344324 MISCELLANEOUS REVENUE 2540 2540 2540 5434360 2540 0 -336380 4321408 4321408 115146 115146 34506 34506 11496 11496 20442 20442 3500 3500 142676 139873 2803 233872 233122 750 2181 2181 YOUTH PROGRAMS 68089 68089 LICENSES AND MEMBERSHIP 2250 2250 4955566 4694403 261163 0 4622585 2962797 51134 268683 4673719 3231480 350916 234291 1804408 2155324 234291 X 887659 1272976 1630736 1724213 2518395 2997189 4673719 3231480 478794 0 X 0 1 X 1 0 X X X 1 MDC-PS 596000572 2 1 4321408 0 1 4321408 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 6002579 56001 512218 568219 5434360 0 5434360 5523785 56001 512218 568219 4955566 0 4955566 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 6/30/19, 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 512,218. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 512,218. GALA 578203 528203 50000 318582 5K RACE 116864 50970 65894 154636 1 52000 52000 39000 747067 579173 167894 512218 512218 -344324 1 MIAMI-DADE COUNTY PUBLIC SCHOOLS 1450 NE 2ND AVENUE MIAMI FL 33132 596000572 4321408 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.