2011-04-11T08:23:29-05:00 2010-12-31 LARSONALLEN LLP 2900 SOUTH QUINCY ST SUITE 150 ARLINGTON VA 22206 990 2010-01-01 541492775 FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA FOUN 3013200680 PO BOX 639 GLEN ECHO MD 20812 GEORGE LOGAN 3013200680 2011-04-11 1 7039985100 2010 2016-02-24 21:20:13Z GEORGE LOGAN PO BOX 639 GLEN ECHO MD 20812 2844882 0 X N/A X 1980 VA TO MAKE GRANTS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 11 11 0 0 0 0 279750 397250 0 0 8526 276177 0 0 288276 673427 682379 930148 0 0 0 0 0 0 0 105400 137768 787779 1067916 -499503 -394489 6786550 7099448 0 165000 6786550 6934448 TO PROMOTE THE STUDY OF MANAGEMENT AND RELATED DISCIPLINES AND TO DEVELOP AND IMPLEMENT EDUCATIONAL PROGRAMS IN AND FOR CENTRAL AMERICA BY AWARDING GRANTS TO EXEMPT ORGANIZATIONS IN THE UNITED STATES AND LATIN AMERICA. 0 0 930148 930148 392250 GRANTMAKING: GRANTS TO INCAE AND OTHER SCHOOLS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 930148 1 1 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X LARRY SLESINGER 3013200680 5016 WESTPATH TERRACE BETHESDA MD 20816 X GEORGE LOGAN 1.00 X X 0 0 0 VICTOR BALESTRA 1.00 X 0 0 0 MICHAEL C WILLIAMS 1.00 X 0 0 0 JACKSON B GILBERT 1.00 X X 0 0 0 STEPHEN CAMPBELL 1.00 X 0 0 0 FRANCISCO DE SOLA 1.00 X 0 0 0 ROBERTO ARTAVIA 1.00 X 0 0 0 SUSAN KAUFMAN PURCELL 1.00 X 0 0 0 ARTURO CONDO 1.00 X 0 0 0 FEDERICO SACASA 1.00 X X 0 0 0 BRIZIO BIONDI-MORRA 1.00 X 0 0 0 0 0 0 0 0 0 0 0 397250 397250 170888 170888 2276744 2171455 105289 105289 105289 673427 0 0 276177 930148 930148 60000 60000 8061 8061 64837 64837 972 972 1376 1376 2522 2522 EXCISE TAXES 0 1067916 930148 137768 0 31025 35111 31662 30897 1882 1882 6721981 7031558 6786550 7099448 165000 0 165000 X 4684013 4831911 2102537 2102537 6786550 6934448 6786550 7099448 X -394489 542387 X X 0 1 1 X 0 X 161000 94000 333490 279694 397250 1265434 161000 94000 333490 279694 397250 1265434 512168 753266 208025 235585 217190 190673 170888 1022361 2287795 0.32930 0.28250 X THE MISSION OF FMECA IS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA, THEREBY CONTRIBUTING TO THE ECONOMIC DEVELOPMENT OF EL SALVADOR, NICARAGUA, COSTA RICA, GUATEMALA, HONDURAS, AND PANAMA, COUNTRIES WHERE SIGNIFICANT NUMBERS OF PEOPLE LIVE IN POVERTY. FMECA CARRIES OUT MOST OF ITS WORK ASSISTING INCAE, A GRADUATE SCHOOL OF MANAGEMENT THAT HAS CAMPUSES IN COSTA RICA AND NICARAGUA, AND WHOSE STUDENTS COME PRIMARILY FROM THE REGION AND WHO INTEND TO PURSUE BUSINESS CAREERS IN THE REGION. AMONG OTHER THINGS, FMECA PROVIDES FUNDS TO INCAE TO PROVIDE PARTIAL SCHOLARSHIPS TO STUDENTS IN THE MBA PROGRAM. FMECA ALSO PROVIDES FINANCIAL SUPPORT TO INCAE GRADUATES WHO ARE IN DOCTORAL PROGRAMS AT U.S. UNIVERSITIES AND WHO PLAN TO RETURN TO INCAE TO JOIN THE FACULTY. FMECA RAISES MONEY FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS IN THE UNITED STATES AS WELL AS IN CENTRAL AMERICA WHO SUPPORT ITS MISSION OF STRENGTHENING MANAGEMENT EDUCATION IN CENTRAL AMERICA. IN PARTICULAR, FMECA IS ASSISTED BY INCAE, WHICH IDENTIFIES PRIVATE SECTOR LEADERS IN CENTRAL AMERICA WHO MAKE CONTRIBUTIONS TO FMECA. FMECA, WITH HELP OF INCAE WILL CONTINUE TO INCREASE THE AWARENESS OF INCAE AND EXEMPT ACTIVITIES OF FMECA. FMECA'S BOARD OF DIRECTORS, WHICH IS MADE UP OF INDIVIDUALS WHO COME FROM LEADERSHIP POSITIONS IN BUSINESS, ACADEMIA, AND GOVERNMENT AND HAVE EXPERIENCE AND EXPERTISE IN CENTRAL AMERICA WILL CONTINUE TO SOLICIT FUNDS TO RAISE THE LEVEL OF PUBLIC SUPPORT THROUGH VARIOUS NETWORK ACTIVITIES AT PROFESSIONAL AND PERSONAL LEVEL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23 392250 392250 0 0 1 2102537 2102537 2102537 2102537 2102537 2102537 1.00000 0 0 0 673427 1067916 -394489 542387 542387 147898 823564 542387 542387 281177 392250 392250 673427 675666 0 675666 392250 392250 1067916 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INVESTMENT INCOME TO FUND GENERAL OPERATIONS OF THE FOUNDATION. PART XII, LINE 4B - OTHER ADJUSTMENTS: DONOR ADVISED FUNDS RECEIVED PART XIII, LINE 4B - OTHER ADJUSTMENTS: DONOR ADVISED FUNDS PAID 0 CARIBBEAN PROGRAM SERVICES PROVIDES GRANTS AND SCHOLARSHIPS TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA 930148 0 0 0 930148 0 930148 X CENTRAL AMERICA & CARIBBEAN TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA. 930148 VIA CHECKS DEPOSITED IN INCAE'S BANK IN THE USA 0 0 0 0 0 0 OTHER INFORMATION SCHEDULE F, PART V WE RECEIVE PROGRESS REPORTS FROM THE RECTOR (DIRECTOR/CEO) OF INCAE AT OUR BOARD MEETINGS. THE BOARD MEETS EVERY TWO YEARS AT INCAE, WHERE WE MEET STUDENTS WHO HAVE RECEIVED SUPPORT FROM FMECA AND WHERE WE SEE THE SCHOOL IN OPERATION. ARTURO CONDO DIRECTOR OF INCAE GRANTS TO EDUCATIONAL INSTITUTE WHERE THE INTERESTED PERSON IS EMPLOYED. 0 BRIZIO BIONDI-MORRA BOARD CHAIR OF INCAE GRANTS TO EDUCATIONAL INSTITUTE WHERE THE INTERESTED PERSON IS A BOARD MEMBER. 0 ROBERTO ARTAVIA BOARD MEMBER OF INCAE GRANTS TO EDUCATIONAL INSTITUTE WHERE THE INTERESTED PERSON IS A BOARD MEMBER. 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ARTURO CONDO, ROBERTO ARTAVIA, AND BRIZIO BIONDI-MORRA ARE ON THE STAFF OR BOARD OF INCAE. FORM 990, PART VI, SECTION A, LINE 3 CONTRACTS WITH SLESINGER MANAGEMENT SERVICES TO PROVIDE ADMINISTRATIVE SUPPORT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM, AND THE DRAFT IS REVIEWED 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 12C ON 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. NOT APPLICABLE AS NO EMPLOYEES AND THE BOARD OFFICERS DO NOT RECEIVE ANY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 542,387. RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT FORM 990, PART XI, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.