FURP.ORG / PUBLIC DATA EXPLORER

TECNOLOGICO DE MONTERREY FOUNDATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
TECNOLOGICO DE MONTERREY FOUNDATION (EIN 26-1857750)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-12-14
IRS object ID
201143489349300604
Schema version
2010v3.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-12-14T06:44:44-08:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1RENE VELEZ ACCOUNTING TAX & CONSULTINGBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line113020 SW 133RD COURTAddressLine1
CityMIAMICity
StateFLState
ZIP Code33186ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN261857750EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1TECNOLOGICO DE MONTERREY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlTECNNameControl
Phone2149691700Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11722 ROUTH STREETAddressLine1
CityDALLASCity
StateTXState
ZIP Code75201ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameING CARLOS E CRUZ LIMONName
TitleVICE PRES. OF ADMINTitle
Phone2149691700Phone
Date Signed2011-10-10DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameRENE VELEZ CPAName
Phone3052597775Phone
Date Prepared2011-12-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonING CARLOS LIMON CRUZNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11722 ROUTH STREETAddressLine1
CityDALLASCity
StateTXState
ZIP Code75201ZIPCode
FieldValueIRS element (for citing)
Gross Receipts81577GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web Sitewww.tecdemonterreyfoundation.orgWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2007YearFormation
State Legal DomicileTXStateLegalDomicile
Activity Or Mission DescriptionTo Support and benefit domestic and foriegn educational institutions as described in sections 509(a)1 and 509(a)2ActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members4NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers12TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year12884ContributionsGrantsPriorYear
Contributions Grants Current Year81577ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year12884TotalRevenuePriorYear
Total Revenue Current Year81577TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year1018TotalFundrsngExpCurrentYear
Other Expense Prior Year3046OtherExpensePriorYear
Other Expenses Current Year5419OtherExpensesCurrentYear
Total Expenses Prior Year3046TotalExpensesPriorYear
Total Expenses Current Year5419TotalExpensesCurrentYear
Revenues Less Expenses Prior Year9838RevenuesLessExpensesPriorYear
Revenues Less Expenses CY76158RevenuesLessExpensesCY
Total Assets BOY10755TotalAssetsBOY
Total Assets EOY86913TotalAssetsEOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY10755NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY86913NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTo Support and benefit domesticMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
DescriptionNO PROGRAMS TO DATEDescription

Activity Other ActivityOther

FieldValueIRS element (for citing)
DescriptionThe Foundation has not initiated programs at this time.Description
FieldValueIRS element (for citing)
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members4NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1RENE VELEZ CPABusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number3052597775TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line113020 SW 133RD COURTAddressLine1
CityMIAMICity
StateFLState
ZIP Code33186ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
ING LORENZO H ZAMBRANO
Trustee & Pres.10.00XX000
ING JOSE ANTONIO FERNANDEZ CARBAJAL
Trustee & Vice Pres.10.00XX000
DR RAFAEL RANGEL SOSTMAN
Trustee Exec. Vice Pres.10.00XX000
ING MARIANA GARZA LAGUERA GONDA
Trustee10.00X000
LIC ALBERTOS SANTOS DE HOYO
Trustee10.00X000
LIC THOMAS MILMOS SANTOS
Trustee10.00X000
ING GERARDO CHAPA GONZALEZ
Trustee10.00X000
ING ELISEO VAZQUEZ OROZCO
Treasuer10.00X000
ING CARLOS E CRUZ LIMON
Vice Pres. of Admin.10.00X000
LETICIA ZAMARRIPA
Secretary10.00X000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions81577AllOtherContributions
Total Contributions81577TotalContributions

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column81577TotalRevenueColumn

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total4401Total
Program Services0ProgramServices
Management And General4401ManagementAndGeneral
Fundraising0Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total1018Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising1018Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total5419Total
Program Services0ProgramServices
Management And General4401ManagementAndGeneral
Fundraising1018Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY9838BOY
EOY85996EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY917BOY
EOY917EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY10755BOY
EOY86913EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY10755BOY
EOY86913EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10755BOY
EOY86913EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10755BOY
EOY86913EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses76158ReconcilationRevenueExpenses
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years5043CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2884CurrentTaxYearMinus1Year
Current Tax Year35577CurrentTaxYear
Total43504Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years5043CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2884CurrentTaxYearMinus1Year
Current Tax Year35577CurrentTaxYear
Total43504Total
FieldValueIRS element (for citing)
Public Support Total17043504PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Total Support43504TotalSupport
First5 Years170XFirst5Years170
Public Support Pertcentage1700PublicSupportPertcentage170
Public Support Total5090PublicSupportTotal509
Public Support Percentage5090PublicSupportPercentage509
Investment Income Percentage0InvestmentIncomePercentage
Facts And Circumstances TestOTHER ADDL INFO: PART II SEC. A LINE 1 (2010) UNUSUAL GIFT OF $46,000 BY; INDIVIDUAL DONOR.; OTHER ADDL INFO: PART II SEC A LINE 1 (2009) UNUSUAL GRANT OF $10,000 BY; CORPORATE DONOR.;FactsAndCircumstancesTest

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (33 entries)

IdentifierIdentifierExplanationExplanation
Pt VI-A, Line 2See Exhibit E Attached which is a 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-A, Line 6The Foundation has one Initial Member; Instituto Tecnologico
y De Estudios Superiores De Monterrey
Pt VI-A, Line 7aThe 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-B, Line 11aA copy of form 990 is provided to the Board of Trustees for their review
prior to filing.
Pt VI-B, Line 12cAs 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-B, Line 15The Foundation is just commencing operations. As such
the decision has been made that the Trustees and Officers
and any other personnel recieve no compensation. At such time
Form 990, Part III, Line 4dTHE FOUNDATION HAS NOT INITIATED PROGRAMS AT THIS 0. 0. 0.
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.
Pt VI-C, Line 19Form 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.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES DE MONTERREYBusinessNameLine1

Address Foreign AddressForeign

FieldValueIRS element (for citing)
Address Line1EUGENIO GARZA SADA 2501AddressLine1
CityMONTERREY NLCity
CountryMXCountry
Postal Code64849PostalCode
FieldValueIRS element (for citing)
Primary ActivitiesPOST SECONDARY EDUCATIONPrimaryActivities
Legal Domicile Foreign CountryMXLegalDomicileForeignCountry
Exempt Code SectionForiegnExemptCodeSection
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg