FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA (EIN 54-1492775)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-03-23
IRS object ID
201800829349300305
Schema version
2017v2.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-03-23T08:09:23-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1901 N GLEBE ROAD SUITE 200AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541492775EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION FOR MANAGEMENT EDUCATION INBusinessNameLine1Txt
Business Name Line2CENTRAL AMERICABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFOUNBusinessNameControlTxt
Phone3013200680PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 639AddressLine1Txt
CityGLEN ECHOCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20812ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE W LOGANPersonNm
Person TitleBOARD PRESIDENTPersonTitleTxt
Phone3013200680PhoneNum
Signature2018-03-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHEMALI PATELPreparerPersonNm
PTINP01337292PTIN
Phone5712279500PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1THE INCAE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerGEORGE W LOGANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 639AddressLine1Txt
CityGLEN ECHOCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20812ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,586,546GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1980FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTO MAKE GRANTS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$838,240PYContributionsGrantsAmt
CY Contributions Grants$1,543,156CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$531,291PYInvestmentIncomeAmt
CY Investment Income$473,307CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,369,531PYTotalRevenueAmt
CY Total Revenue$2,016,463CYTotalRevenueAmt
PY Grants And Similar Paid$1,234,120PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,448,276CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$155,148PYOtherExpensesAmt
CY Other Expenses$169,199CYOtherExpensesAmt
PY Total Expenses$1,389,268PYTotalExpensesAmt
CY Total Expenses$1,617,475CYTotalExpensesAmt
PY Revenues Less Expenses-$19,737PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$398,988CYRevenuesLessExpensesAmt
Total Assets BOY$7,979,490TotalAssetsBOYAmt
Total Assets EOY$9,395,172TotalAssetsEOYAmt
Total Liabilities BOY$200,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$217,500TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,779,490NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,177,672NetAssetsOrFundBalancesEOYAmt
MissionTO 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,448,276ExpenseAmt
Grant$1,448,276GrantAmt
DescGRANTMAKING: GRANTS TO INCAE BUSINESS AND OTHER SCHOOLS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA.Desc
Total Program Service Expenses$1,448,276TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLARRY SLESINGERPersonNm
Phone3013200680PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15016 WESTPATH TERRACEAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP20816ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GEORGE LOGAN
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
MICHAEL WILLIAMS
VICE PRESIDENT & SECRETARY1.00Yes (X)Yes (X)$0$0$0
STEPHEN CAMPBELL
TREASURER2.00Yes (X)Yes (X)$0$0$0
ROBERTO ARTAVIA
BOARD MEMBER1.00Yes (X)$0$0$0
VICTOR BALESTRA
BOARD MEMBER1.00Yes (X)$0$0$0
BRIZIO BIONDI MORRA
BOARD MEMBER1.00Yes (X)$0$0$0
ENRIQUE BOLANOS
BOARD MEMBER1.00Yes (X)$0$0$0
SUSAN KAUFMAN PURCELL
BOARD MEMBER1.00Yes (X)$0$0$0
FEDERICO SACASA
BOARD MEMBER1.00Yes (X)$0$0$0
FRANCISCO R R DE SOLA
BOARD MEMBER1.00Yes (X)$0$0$0
ROBERT BRUNER
BOARD MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,543,156AllOtherContributionsAmt
Total Contributions$1,543,156TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$149,074TotalRevenueColumnAmt
Exclusion$149,074ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,894,316SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,570,083SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$324,233SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$324,233TotalRevenueColumnAmt
Exclusion$324,233ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,016,463TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$473,307ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,448,276TotalAmt
Program Services$1,448,276ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$75,000TotalAmt
Management And General$75,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$652TotalAmt
Management And General$652ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,050TotalAmt
Management And General$11,050ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$66,226TotalAmt
Management And General$66,226ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$226TotalAmt
Management And General$226ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$873TotalAmt
Management And General$873ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$35TotalAmt
Management And General$35ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,637TotalAmt
Management And General$2,637ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescENDOWMENT EXPENSEDesc
Total$12,500TotalAmt
Management And General$12,500ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,617,475TotalAmt
Program Services$1,448,276ProgramServicesAmt
Management And General$169,199ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,431BOYAmt
EOY$25,418EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$30,946BOYAmt
EOY$17,885EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,712BOYAmt
EOY$2,637EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,943,401BOYAmt
EOY$9,349,232EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,979,490BOYAmt
EOY$9,395,172EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$200,000BOYAmt
EOY$205,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$12,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$200,000BOYAmt
EOY$217,500EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,602,115BOYAmt
EOY$6,239,134EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$74,838BOYAmt
EOY$336,001EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,102,537BOYAmt
EOY$2,602,537EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,779,490BOYAmt
EOY$9,177,672EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,979,490BOYAmt
EOY$9,395,172EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$398,988ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$999,194NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$843,659CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,025,060CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$569,804CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$838,240CurrentTaxYearMinus1YearAmt
Current Tax Year$1,543,156CurrentTaxYearAmt
Total$4,819,919TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$843,659CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,025,060CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$569,804CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$838,240CurrentTaxYearMinus1YearAmt
Current Tax Year$1,543,156CurrentTaxYearAmt
Total$4,819,919TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,119,246SubstantialContributorsTotAmt
Public Support Total170$3,700,673PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$162,808CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$189,828CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$97,269CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$176,684CurrentTaxYearMinus1YearAmt
Current Tax Year$149,074CurrentTaxYearAmt
Total$775,663TotalAmt
FieldValueIRS element (for citing)
Total Support$5,595,582TotalSupportAmt
Public Support CY1700.66140PublicSupportCY170Pct
Public Support PY1700.53640PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held45DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$1,043,156DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$1,043,156DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$0DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg Ctrl0DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (1)DisclosedForCharitablePrpsInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,177,375BeginningYearBalanceAmt
Contributions$500,000ContributionsAmt
Investment Earnings Or Losses$391,290InvestmentEarningsOrLossesAmt
Other Expenditures$130,127OtherExpendituresAmt
End Year Balance$2,938,538EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,092,631BeginningYearBalanceAmt
Investment Earnings Or Losses$189,871InvestmentEarningsOrLossesAmt
Other Expenditures$105,127OtherExpendituresAmt
End Year Balance$2,177,375EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,189,274BeginningYearBalanceAmt
Investment Earnings Or Losses$8,484InvestmentEarningsOrLossesAmt
Other Expenditures$105,127OtherExpendituresAmt
End Year Balance$2,092,631EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,147,458BeginningYearBalanceAmt
Investment Earnings Or Losses$146,943InvestmentEarningsOrLossesAmt
Other Expenditures$105,127OtherExpendituresAmt
End Year Balance$2,189,274EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,859,996BeginningYearBalanceAmt
Investment Earnings Or Losses$392,589InvestmentEarningsOrLossesAmt
Other Expenditures$105,127OtherExpendituresAmt
End Year Balance$2,147,458EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.88570PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.11430TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescENDOWMENT LIABILITYDesc
Amt$12,500Amt
FieldValueIRS element (for citing)
Total Liability$12,500TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,972,501TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$999,194NetUnrealizedGainsInvstAmt
Revenue Not Reported$999,194RevenueNotReportedAmt
Revenue Subtotal$973,307RevenueSubtotalAmt
Other Revenues Not Included$1,043,156OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,043,156RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,016,463TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$574,319TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$574,319ExpensesSubtotalAmt
Other Expenses Not Included$1,043,156OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,043,156ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,617,475TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA.
PART X, LINE 2: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 1,043,156.
PART XII, LINE 4B - OTHER ADJUSTMENTS:DONOR ADVISED FUNDS PAID 1,043,156.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,RegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedGRANTMAKINGTypeOfActivitiesConductedTxt
Specific Services ProvidedPROVIDES GRANTS AND SCHOLARSHIPS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICASpecificServicesProvidedTxt
Region Total Expenditures$1,443,276RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$1,443,276SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$1,443,276TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA & CARRIBEANRegionTxt
Purpose Of GrantTO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA.PurposeOfGrantTxt
Cash Grant$1,443,276CashGrantAmt
Manner Of Cash DisbursementVIA CHECKS DEPOSITED IN INCAE'S BANK IN THE USAMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFOUNDATION 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2BOARD 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 3THE ORGANIZATION CONTRACTS WITH SLESINGER MANAGEMENT SERVICES TO PROVIDE ADMINISTRATIVE SUPPORT.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CON 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.
FORM 990, PART VI, SECTION B, LINE 15NOT APPLICABLE AS NO EMPLOYEES AND THE BOARD OFFICERS DO NOT RECEIVE ANY COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

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