2016-08-30T10:50:51-07:00 2015-12-31 LEAF MIELE MANGANELLI FORTUNATO & ENGEL 310 PASSAIC AVE FAIRFIELD NJ 070042530 990 2015-01-01 133082248 UNIVERSITY OF THE ANDES FOUNDATION INC UNIV 2122301077 126 EAST 56TH STREET 12TH FLOOR NEW YORK NY 10022 ALBERTO MEJIA President 2016-08-30 true SCOTT HAGAMAN P00184266 9738089500 2015 2016-12-15 16:53:06Z X ALBERTO MEJIA 126 EAST 56TH STREET 12 FL NEW YORK NY 10022 30423 false false X www.losandesfoundation.org X 2007 NY To support the programs and activities of the Universidad de Los Andes in Bogota, Colombia, assist students and faculty in their continued academic work in the U.S., and provide access to the University's programs and facilities to students with financial hardships. 14 12 2 1 0 142792 29525 0 206 191 -2753 142998 26963 124830 47260 0 84645 0 63789 201623 81688 326453 213593 -183455 -186630 3816699 3630096 62 89 3816637 3630007 To support the programs and activities of the Universidad de Los Andes in Bogota, Colombia, assist students and faculty in their continued academic work in the U.S., and provide access to the University's programs and facilities to students with financial hardships. false false 42582 24560 The Organization provided administrative support and financial assistance in the form of tuition payments to a U.S. university for two students of the University of the Andes to continue their education in the USA. 22700 22700 The Organization provided financial assistance to the Universidad de Los Andes. 65282 true true false false false false false false false false true false false false 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 false false false false false false false true 4 0 true 2 true false false false false false false false false 0 false false false false false false false false false false X 14 12 true false false false false false false true true false false true true true true true true true true false NY X JO ANN ARIAS 2122301077 126 EAST 56TH STREET 12TH FLOOR NEW YORK NY 10022 ALBERTO MEJIA President 10.00 0.00 X X 0 0 0 PABLO NAVAS Chairman 3.00 0.00 X X 0 0 0 MAURICIO SANZ DE SANTAMARIA Vice Chairman 3.00 0.00 X X 0 0 0 ADRIANA CASAS Executive Dir. 35.00 0.00 X 47500 0 0 JO ANN ARIAS Treasurer 15.00 0.00 X 30000 0 0 JUAN OCAMPO Director 3.00 0.00 X 0 0 0 SERGIO GALVIS Director 3.00 0.00 X 0 0 0 PEDRO MIGUEL NAVAS Director 3.00 0.00 X 0 0 0 ALONSO MARTINEZ Director 3.00 0.00 X 0 0 0 JUAN PABLO MEJIA Director 3.00 0.00 X 0 0 0 JUAN ESTEBAN ORDUZ Director 3.00 0.00 X 0 0 0 ALEJANDRO SANTO DOMINGO Director 3.00 0.00 X 0 0 0 CAROLINA BARCO Director 3.00 0.00 X 0 0 0 JAMES HAMMOND Honorary Member 3.00 0.00 X 0 0 0 77500 0 false false false 0 29525 29525 0 191 191 0 0 0 0 707 3460 -2753 -2753 0 0 0 26963 -2562 0 0 47260 47260 0 77500 11875 30000 35625 0 0 0 0 7145 1027 3038 3080 0 17500 17500 7250 7250 0 0 0 0 0 5076 1519 3557 0 0 30118 5120 9939 15059 815 402 413 0 6055 6055 0 0 0 1786 1786 INVESTMENT EXPENSES 10514 10514 PAYROLL PROCESSING FEE 1358 1358 BANK CHARGES 941 941 FILING FEES 275 275 0 213593 65282 84522 63789 1966699 1780096 0 0 0 0 0 0 0 0 1850000 1850000 1850000 0 0 0 0 0 3816699 3630096 62 89 62 89 X 3543206 3353076 273431 276931 3816637 3630007 3816699 3630096 -186630 X false false false X X 1 UNIVERSITY OF THE ANDES FOREIGN 000000000 2 true 22700 42582 1 22700 42582 true true false true false true false false false false false false false false false false false true false Part IV, Section A, Line 2: Description Of How Organization Determined Supported Org. The supported organization is a university established in Bogota, Columbia and as a foreign university the supported organization has not sought an IRS determination as to its status under Section 509(a)1. The Organization has established that the supported organization is an educational institution which maintains a regular faculty and curriculum and has a regular enrolled body of students in attendence in Bogota, Columbia where the supported organization's educational activities are carried on. The supported organization therefore satisfies the requirements of Section 509(a)1. Part IV, Section A, Line 4c: Description Of Controls To Ensure Exclusive 170(c)(2)(B) Use The supported organization is a foreign university and it has therefore not sought an IRS determination as to its status under section 501(c)3. However, as an educational institution the supported organization satisfies the requirements of Section 501(c)3. The Organization is established to support the activities if the supported organization but determines how that support should be provided. The Organization frequently makes distributions directly to or for the benefit of individuals that are benefited by the supported organization(students of the university) including by providing funding for students of the supported organization to continue their studies at U.S. universities. The Organization also makes payments to the supported organization for specific purposes such as funding the supported organization's programs to assist students with financial hardships. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1850000 1850000 1850000 COLOMBIA EDUCATION 22700 CHECK 1 EDUCATION COLOMBIA 2 24560 CHECK false false false false false false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Pablo Navas and Pedro Miguel Navas are brothers. Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 is reviewed by governing body and the Organization's legal counsel before filing. Any proposed changes and or issues are discussed and approved before filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts During annual Board of Director meetings a discussion is held to review any potential conflicts and all Directors are required to sign a certification that no conflicts exist. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The process for determining compensation is as follows:The board members discuss and come to an amount based on their numerous years of experience and comparable compensation from other like charities. The amount of compensation is then approved at the board meeting. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and policies are available upon request. FORM 990, PART X, LINES 27/28 THE PRIOR YEAR BALANCES HAVE BEEN CORRECTED TO REFLECT TEMPORARILY RESTRICTED NET ASSET BALANCES NOT PREVIOUSLY SEPARATED FROM UNRESTRICTED NET ASSETS.