2015-11-09T16:45:37-08:00 2014-12-31 RENE VELEZ ACCOUNTING TAX & CONSULTING 13020 SW 133rd Court MIAMI FL 33186 990 2014-01-01 261857750 Tecnologico De Monterrey Foundation TECN 7138608451 PO Box 2669 Sugar Land TX 77487 ING CARLOS CRUZ LIMON DIRECTOR 7138608451 2015-05-29 true RENE VELEZ CPA 3052597775 2015-11-09 2014 2016-03-07 17:11:31Z ING CARLOS CRUZ LIMON 1722 Routh Street Dallas TX 75201 1017453 false X www.itesm.la X 2007 TX To Support and benefit domestic and foriegn educational institutions as described in sections 509(a)1 and 509(a)2 5 5 5 5 0 751985 995121 43910 22332 0 0 795895 1017453 300 0 0 191533 173371 0 49883 522663 651001 714496 824372 81399 193081 351606 540347 6590 2250 345016 538097 X To Support and benefit domestic false true 608200 THE FOUNDATION STARTED A HOUSTON, TEXAS CAMPUS FOR CONTINUING EDUCATION COURSES AND OTHER OUTREACH PROGRAMS IN 2011. THE CAMPUS' TWO MAIN FOCUS AREAS ARE COMPLEMENTS TO FORMAL EDUCATION SYSTEMS FOR PERSONAL GROWTH AND ECONOMIC ADVANCEMENTS FOR YOUTH, ADULTS AND PARENTS AS WELL AS ASPIRING ENTREPRENUERS. THROUGH VARIOUS PARTNERSHIPS IT WILL FLOURISH TO BECOME AN INNOVATION CENTER FOR ENTREPRENEURS AND COMMUNITY BASED GRASS ROOTS ORGANIZATIONS AS WELL AS WITHIN THE BUSINESS COMMUNITY. THE HOUSTON CAMPUS HOSTS BOTH IN CLASS COURSES AS WELL AS ON-LINE COURSES OF EDUCATION. 608200 true true false false false false false false false false 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 false false false false true false false false true 6 0 true 5 true false false false false false false false false false false X 5 5 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 ING CARLOS CRUZ LIMON Trustee - COB 10.00 X 0 0 0 LIC LETICIA ZAMARRIPA Secretary 10.00 X X 0 0 0 ANGELES CHAVEZ Assistant Treasurer 40.00 X 66500 0 17544 ING SANDRA M ORTIZ RAMOS Trustee - Vice Pres. 10.00 X X 0 0 0 ING JUAN PABLO MURRA LASCURAIN Trustee - Vice COB 10.00 X 0 0 0 HERNAN GARCIA GONZALEZ Trustee - President CEO 10.00 X X 0 0 0 66500 17544 false false false 770044 225077 995121 Tuition Fees 611310 22332 22332 1017453 22332 66500 33250 16625 16625 76503 67287 9216 0 16800 8400 4200 4200 13568 9491 2508 1569 68722 34361 34361 0 84503 21126 63377 0 95046 92832 0 2214 37407 29925 3741 3741 105259 84207 10526 10526 42472 36101 4247 2124 3740 3366 374 0 Program & Misc Expenses 43575 33390 8110 2075 Telephone & Internet 21954 19759 2195 0 Dues & Subscriptions 68087 54469 6809 6809 Course Fees & Expenses 80236 80236 0 0 824372 608200 166289 49883 320117 531207 18609 37800 29577 11963 8223 917 917 351606 540347 6590 2250 6590 2250 X 292099 538097 52917 345016 538097 351606 540347 193081 X false false false X X 1 Instituto Tecnologico Y de Estudios Superiores De Monterrey 000000000 509(a)2 true 770044 0 1 770044 0 0 0 0 0 0 true false false true true false false false false false false false false false false false false false true false Pt IV Sec A Ln 4b To date including tax year 2014, the Foundation has not made any grants to other entities, including the supported organization. The Board makes decision soley based on the mission of the organization and adheres to the conflicts of interest policy adopted by the foundation. Pt IV Sec A Ln 4c Under the International Tax Treaty between Mexico and the USA, Instituto Tecnologico y de Estudios Superiores de Monterrey(the supported organization) is recognized as a 509(a)1, 509(a)2 organization under IRS tax laws. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37800 29577 8223 8223 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 and by family relationships. 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 one paid officer. 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 2014 one officer received compensation for the purpose of full time program management and administration in Houston, Texas. Office staff and other personnel were also on payroll on salaries equivalent to other similar tax exempt organizations. Pt VI, Line 19 Form 990, 1023 and the Bylaws of the Foundation are available by request to either the Foundation's outside Certified Public Accountant or to the Foundation Secretary. Pt III, Line 3 As a supporting organization of a 509(a)1 and 509(a)2 organization its mission and programs for 2014 supported education for continuing professionals as well as ancillary higher education programs. However, a cut in funding is causing a significant reduction in programs towards year end 2014; until additional funding is obtained. Instituto Tecnologico y De Estudios Superiores De Monterrey Eugenio Garza Sada 2501 Monterrey NL MX 64849 POST SECONDARY EDUCATION MX Foreign false false false true false false false false false false false false false false false false false false false false Instituto Technologico Y De Estudios Superiores De Monterrey 1c 770044 Cash