2013-09-12T15:27:51-07:00 2012-12-31 RENE VELEZ ACCOUNTING TAX & CONSULTING 13020 SW 133RD COURT MIAMI FL 33186 990 2012-01-01 261857750 TECNOLOGICO DE MONTERREY FOUNDATION TECN 7138608451 10370 RICHMOND AVE HOUSTON TX 77042 ING CARLOS CRUZ LIMON 7138608451 2013-08-02 true RENE VELEZ CPA 3052597775 2013-09-12 2012 2016-02-24 21:20:13Z ING CARLOS CRUZ LIMON 1722 ROUTH STREET DALLAS TX 75201 334718 false X www.itesm.us X 2007 TX To Support and benefit domestic and foriegn educational institutions as described in sections 509(a)1 and 509(a)2 6 4 5 12 0 277807 269201 65517 0 0 277807 334718 290 0 31471 182060 0 0 6099 215901 37570 398251 240237 -63533 334086 273041 6936 9424 327150 263617 X To Support and benefit domestic false true 397188 290 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. 397188 true true false false false false false false false false true 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 true false false false true 5 0 5 true false false false false false false false false false false X 6 4 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 DR RAFAEL RANGEL SOSTMAN 23.00 X X 38980 0 0 ING GERARDO CHAPA GONZALEZ 10.00 X 0 0 0 ING ELISEO VAZQUEZ OROZCO 10.00 X X 0 0 0 ING CARLOS CRUZ LIMON 10.00 X X 0 0 0 LIC LETICIA ZAMARRIPA 10.00 X 0 0 0 ANGELES CHAVEZ 40.00 X 30619 0 0 ING SANDRA M ORTIZ RAMOS 10.00 X X 0 0 0 ING JUAN PABLO MURRA LASCURAIN 10.00 X 0 0 0 ING PATRICIO LOPEZ DEL PUERTO 10.00 X X 0 0 0 69599 0 false false false 269201 269201 Tuition Fees 611310 65067 Admission Fees 611310 450 65517 334718 65517 290 290 69599 69599 0 0 94983 94983 0 0 17478 17478 0 0 24000 24000 0 0 14540 14540 0 0 14894 14894 0 0 6705 6705 0 0 59598 59598 0 0 14248 14248 0 0 9438 9438 0 0 18380 18380 0 0 4082 3019 1063 0 Program & Misc Expenses 3212 3212 0 0 Telephone & Internet 29047 29047 0 0 Dues & Subscriptions 6737 6737 0 0 Course Fees & Expenses 11020 11020 0 0 398251 397188 1063 0 333169 258456 32048 18380 13668 917 917 334086 273041 6936 9424 6936 9424 X 130804 223186 196346 40431 327150 263617 334086 273041 -63533 X false false false X X X false false false INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES DE MONTERREY 000000000 509(a)2 true true false 180000 1 180000 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32048 18380 13668 13668 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 for 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 a 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 in start up mode. As such the decision has been made most of the Trustees and Officers recieve no compensation. At such time as a determination is made to compensate Trustees, Officers or other personnel, guidelines, analysis and approvals will be put in place to follow industry norms. In 2012 salary was paid to a an officer for the purposes of starting up an educational program in Houston, Texas. Also in 2012, office staff and other personnel were placed on payroll on salaries equivalent to other similar tax exempt organizations have been paid. 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 This entity has changed its status from a publicly supported orginzation to a supporting organization of 509(a)1 and 509(a)2 organizations. It's mission and current operating programs support education for both continuing professional education as well as degrees in higher education. 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 180000 Cash