2013-03-18T21:23:05-05:00 2012-06-30 043331893 KENNETH FREED & CO CPA'S 396 COMMONWEALTH AVENUE BOSTON MA 02215 990 2011-07-01 030335159 MAYA EDUCATIONAL FOUNDATION MAYA 5083491330 PO BOX 1483 WELLFLEET MA 02667 ELISABETH S NICHOLSON 6179283408 2013-03-06 1 KENNETH FREED CPA P00161267 6174241100 2013-03-06 X 2011 2016-02-25 16:41:14Z ELISABETH S NICHOLSON PO BOX 1483 WELLFLEET MA 02667 718320 0 X WWW.MAYAEDUFOUND.ORG X 1992 VT TO SUPPORT THE EDUCATIONAL AND PROFESSIONAL ADVANCEMENT OF THE MAYAN PEOPLE AND THE MAYAN REGION THROUGH EDUCATIONAL PROGRAMS THAT FOSTER STUDY AND PRESERVATION OF THEIR CULTURES. 9 9 0 10 0 0 933332 697398 0 0 -15376 20811 100 111 918056 718320 494438 565377 0 0 0 0 0 0 9878 40439 42467 534877 607844 383179 110476 1695005 1783147 0 0 1695005 1783147 X THE FOUNDATION'S MISSION IS TO SUPPORT THE EDUCATIONAL AND PROFESSIONAL ADVANCEMENT OF THE MAYA PEOPLE IN GUATEMALA, MEXICO AND BELIZE, AS WELL AS THE NEIGHBORING INDIGENOUS CULTURES, WITH SPECIAL EMPHASIS ON THE NEEDS OF THOSE MARGINALIZED BY THEIR SOCIETY. THE FOUNDATION EMBRACES ALL INITIATIVES THAT ADVANCE THE UNDERSTANDING OF THE INDIGENOUS CULTURES OF MEXICO AND CENTRAL AMERICA AND THE BROADER SOCIETIES AND NATION-STATES IN WHICH THEY EXIST. THE FOUNDATION SUPPORTS THEIR DEVELOPMENT AND ENRICHMENT THROUGH EDUCATION AND PROGRAMS THAT FOSTER STUDY AND PRESERVATION OF THOSE CULTURES. 0 0 426917 420377 THE FOUNDATION PRIMARILY PROVIDES GRANTS THAT SUPPORT AND PROMOTE EDUCATIONAL AND SCHOLARSHIP PROGRAMS IN THE MAYAN REGION OF CENTRAL AMERICA. APPROXIMATELY 15 - 20 GRANTS ARE AWARDED ANNUALLY. ADDITIONALLY, REPRESENTATIVES OF THE FOUNDATION TRAVEL TO THESE AREAS ANNUALLY TO MONITOR AND OBSERVE THE PROGRAMS. 145000 145000 THE FOUNDATION ANNUALLY PROVIDES ONE (1) GRANT TO AN ORGANIZATION WHOSE MISSION IS TO FOSTER STUDY AND PRESERVATION OF THE CULTURES OF CENTRAL AMERICA. 571917 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X X ELISABETH S NICHOLSON 5083491330 PO BOX 1483 WELLFLEET MA 02667 X MARILYN MOORS 5.00 X X 0 0 0 BRENDA ROSENBAUM 2.00 X X 0 0 0 E ROBERT GREENBERG 2.00 X X 0 0 0 CAROL HENDRICKSON 0.50 X 0 0 0 CHRISTINE EBER 0.50 X 0 0 0 CATHERINE DOCTER 0.50 X 0 0 0 MITCHELL DENBURG 0.50 X 0 0 0 PABLO CHAVAJAY 0.50 X 0 0 0 JOHN FARROW 0.50 X 0 0 0 ELISABETH S NICHOLSON NON-VOTING 40.00 X 0 0 0 0 0 0 0 0 0 0 0 256000 441398 697398 17264 17264 111 111 3547 0 3547 3547 3547 718320 0 0 20922 565377 565377 7825 7825 2350 2350 5899 5899 156 156 7239 235 7004 5612 5612 800 800 1032 1032 PRINTING & PUBLICATIONS 7698 7698 BANK & CREDIT CARD FEES 2574 693 375 1506 POSTAGE & DELIVERY 1282 608 674 607844 571917 26049 9878 5575 19664 634371 774664 8727 8727 800 0 1054259 988819 1695005 1783147 0 0 X 1264049 1336169 430956 446978 1695005 1783147 1695005 1783147 X 110476 -22334 X 0 1 0 X 0 X 1176154 1009670 580740 933332 697398 4397294 1176154 1009670 580740 933332 697398 4397294 2217851 2179443 35328 36034 9619 9148 17376 107505 4504799 0.48380 0.48220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 452854 119 -111897 340271 805 440743 1433 14070 3392 452854 8727 8727 0 0 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE OPEN AUDIT PERIODS ARE 2008 - 2011. MANAGEMENT BELIEVES THE FOUNDATION'S SIGNIFICANT TAX POSITIONS ARE 1) THE TREATMENT OF THE FOUNDATION AS TAX-EXEMPT ENTITY, 2) THE CLASSIFICATION OF INCOME AS TAX-EXEMPT, RELATED OR EXEMPT FUNCTION INCOME AND 3) THE DETERMINATION THAT THERE IS NO UNRELATED TAXABLE BUSINESS INCOME. AS OF JUNE 30, 2012, MANAGEMENT EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS REQUIRING ACCOUNTING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN TWELVE MONTHS OF JUNE 30, 2012. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. MANAGEMENT BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. 1 NORTH AMERICA - MEXICO 0 0 GRANTMAKING N/A 53259 CENTRAL AMERICA - GUATEMALA/BELIZE 0 1 GRANTMAKING N/A 512118 0 1 0 0 0 1 565377 0 565377 NORTH AMERICA - MEXICO GENERAL OPERATING SUPPORT($4,000) & SCHOLARSHIP PROGRAM($19,000) 23000 WIRE TRANSFER CASH = FMV NORTH AMERICA - MEXICO SCHOLARSHIP PROGRAM 19000 WIRE TRANSFER CASH = FMV NORTH AMERICA - MEXICO GENERAL OPERATING SUPPORT 8559 WIRE TRANSFER CASH = FMV CENTRAL AMERICA - GUATEMALA GENERAL OPERATING SUPPORT ($34,200) & SCHOLARSHIP PROGRAM ($51,300) 85500 WIRE TRANSFER CASH = FMV CENTRAL AMERICA - GUATEMALA GENERAL OPERATING SUPPORT 93019 CHECK AND WIRE TRANSFER CASH = FMV CENTRAL AMERICA - GUATEMALA GENERAL OPERATING SUPPORT 145000 WIRE TRANSFER CASH = FMV CENTRAL AMERICA - GUATEMALA SCHOLARSHIP PROGRAM 36168 WIRE TRANSFER CASH = FMV CENTRAL AMERICA - GUATEMALA GENERAL OPERATING SUPPORT 36204 CHECK CASH = FMV CENTRAL AMERICA - GUATEMALA SCHOLARSHIP PROGRAM 6758 WIRE TRANSFER & CHECK CASH = FMV CENTRAL AMERICA - GUATEMALA SCHOLARSHIP PROGRAM 7620 CHECK CASH = FMV CENTRAL AMERICA - GUATEMALA GENERAL OPERATING SUPPORT 23400 WIRE TRANSFER CASH = FMV CENTRAL AMERICA - GUATEMALA SCHOLARSHIP PROGRAM 44566 WIRE TRANSFER CASH = FMV CENTRAL AMERICA - BELIZE SCHOLARSHIP PROGRAM 8114 WIRE TRANSFER CASH = FMV 13 GRANT TO COVER ADMINISTRATIVE COSTS CENTRAL AMERICA - GUATEMALA 1 7400 CHECK CASH = FMV 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ALL PROGRAMS AGREE TO PROVIDE MAYA EDUCATIONAL FOUNDATION (MEF) WITH REPORTS TWO TIMES PER YEAR. A MID-YEAR REPORT IS GENERALLY A LESS FORMAL NARRATIVE TYPE. THE YEAR-END REPORT MUST CONTAIN ACCOUNTING OF ALL EXPENDITURES MADE FOR THE PROGRAMS FUNDED. THE YEAR-END REPORT SHOULD CONTAIN COPIES OF RECEIPTS WHERE POSSIBLE. IN ADDITION, A MEF BOARD MEMBER OR REPRESENTATIVE VISITS EACH PROGRAM AT LEAST ONCE EVERY TWO YEARS. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR BY TRACKING CASH EXPENDITURES MADE FOR GRANT PURPOSES. RECIPIENTS ARE REQUIRED TO REPORT BACK PERIODICALLY ON THE USE OF THE FUNDS. ADDITIONALLY, A FOUNDATION BOARD MEMBER OR REPRESENTATIVE ANNUALLY TRAVELS TO PROGRAMS TO MONITOR PROGRAM OBJECTIVES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS NOT REVIEWED BY THE ENTIRE BOARD. FORM 990 IS FORWARDED TO BOARD FOR REVIEW AND APPROVAL. THE BOARD'S MANAGING DIRECTOR AND SECRETARY IS GIVEN THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S BOARD REVIEWS TRANSACTIONS AGAINST A LIST OF DISCLOSED CONFLICTS TO ENSURE THAT POTENTIAL CONFLICTS WILL BE AVOIDED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -22,334. METHOD USED TO DETERMINE FMV SCHEDULE R, PART V, LINE 2 COLUMN (D) ALL ITEMS REPORTED REFLECT ACTUAL CASH TRANSFERS AND, THEREFORE, REPRESENT ACTUAL FAIR VALUE AT TIME OF TRANSFER. THE PLUMSOCK FUND INC 1 BRIDGE STREET SUITE 200 NEWTON MA 02458 356014719 SUPPORTING ORGANIZATION TO MAYA EDUCATIONAL FOUNDATION IN 501(C)(3) LINE 11A, I N/A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE PLUMSOCK FUND INC C 256000 SEE SCHEDULE O FOR EXPLANATION