University Of The Andes Foundation Inc
- Assets
- $11.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 13-3082248
Organization Overview
University Of The Andes Foundation Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, University Of The Andes Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The Andes Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, University Of The Andes Foundation Inc generated $2.2m in total revenue. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 42.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PROGRAMS AND ACTIVITIES OF THE UNIVERSIDAD DE LOS ANDES IN BOGOTA, COLOMBIA, ASSIST STUDENTS AND FACULTY IN THEIR CONTINUED ACADEMIC WORK IN THE U.S., AND PROVIDE ACCESS TO THE UNIVERSITY'S PROGRAMS AND FACILITIES TO STUDENTS WITH FINANCIAL HARDSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FONDO VAMOS JUNTOS - TO PROVIDE 50 UNDERGRADUATE AND 50 GRADUATE SCHOLARSHIPS TO DESERVING STUDENTS OUTLINED BY THE FOLLOWING TERMS: RECIPIENTS MUST DEMONSTRATE SOCIOECONOMIC NEED FROM STRATUS 1, 2, 3, AND 4. PREFERENCE WILL BE GIVEN TO STUDENTS FROM STRATUS 1, 2, AND 3. IN ADDITION, FOR MASTER-LEVEL SCHOLARSHIPS, PREFERENCE IS TO BE GIVEN TO FEMALE STUDENTS IN THE FOLLOWING PROGRAMS: SCIENCE, TECHNOLOGY, ENGINEERING, ECONOMY, MATHEMATICS, AND MATHEMATICS EDUCATION.
TRAVESIAS GRANT - THE GRANT IS MADE TO SUPPORT THE TRAVESIAS PROGRAM WHICH IS AIMED AT IMPROVING THE EDUCATIONAL AND PRODUCTIVE QUALITY OF COMMUNITIES IN THE DIFFERENT REGIONS OF THE COUNTRY THROUGH AGREEMENTS BETWEEN REGIONAL EDUCATION INSTITUTIONS OF THE COUNTRY AND THE UNIVERSIDAD DE LOS ANDES. THIS IS A TWO-WAY KNOWLEDGE EXCHANGE PROGRAM, ON ONE HAND, IT AWARDS SCHOLARSHIPS TO DO MASTER'S AND SPECIALIZATION STUDIES IN THE UNIVERSIDAD DE LOS ANDES TO PROFESSORS OF RURAL EDUCATIONAL INSTITUTIONS, AND ON THE OTHER HAND, IT CREATES AND STRENGTHENS ACADEMIC -AND PRODUCTION-ORIENTED RESEARCH PROJECTS THROUGH THE EXCHANGE OF RESEARCH PROFESSORS AND STUDENTS OF THE UNIVERSIDAD DE LOS ANDES WITH REGIONAL EDUCATIONAL INSTITUTIONS.
VAMOS PA'LANTE 2021 - THE VAMOS PA'LANTE INITIATIVE WAS ESTABLISHED TO HELP AWARD ONE-SEMESTER SCHOLARSHIPS TO UNDERGRADUATE STUDENTS WITH EXCELLENT ACADEMIC PERFORMANCE WHO ARE AT HIGH RISK OF DROPPING OUT OF THE UNIVERSITY DUE TO SEVERE FINANCIAL HARDSHIPS CAUSED BY THE COVID-19 PANDEMIC.
OTHER PROGRAMS - 365D SCHOLARSHIP, ATARRAYA STEM, AYEM 2021, BECA MAAD, CENTER FOR ENTREPRENEURSHIP, CONECTA.TE GRANT, DNG MENTAL HEALTH FUND, EMPLOYMENT GRANT, EVALUATION OF PRIMAT PROGRAM, GENERAL PROGRAM, GEO SCIENCE, GREAT THINKERS GRANT, LITHOS GRANT, MENTAL HEALTH, MOOC, OSO ANDINO, PA'LANTE PACIFICO, PRIMAT PROMO STRATEGY 2021, PROYECTO MANATIES, PROYECTO ORQUIDES, QE, SURF CORNELL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Diaz Executive Director | OfficerTrustee | 40 | $215,981 |
Jo Ann Arias Treasurer | OfficerTrustee | 40 | $135,711 |
Alberto Mejia President | OfficerTrustee | 3 | $0 |
Alejandro Gaviria Chair | OfficerTrustee | 3 | $0 |
Eduardo Behrentz Vice-Chair | OfficerTrustee | 3 | $0 |
Pedro Miguel Navas Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,144,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,144,168 |
| Total Program Service Revenue | $0 |
| Investment income | $14,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,158,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,105,990 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $335,711 |
| Compensation of current officers, directors, key employees. | $86,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,375 |
| Payroll taxes | $23,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $21,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,604 |
| Advertising and promotion | $0 |
| Office expenses | $24,131 |
| Information technology | $2,611 |
| Royalties | $0 |
| Occupancy | $22,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,462 |
| All other expenses | $0 |
| Total functional expenses | $2,593,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,311,720 |
| Savings and temporary cash investments | $2,418,513 |
| Pledges and grants receivable | $100,565 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $407,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $11,245,685 |
| Accounts payable and accrued expenses | $5,684 |
| Grants payable | $3,817,281 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,822,965 |
| Net assets without donor restrictions | $5,156,289 |
| Net assets with donor restrictions | $2,266,431 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,245,685 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of The Andes Foundation Inc has recieved totaling $120,259.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $113,900 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $6,359 |
Endowment Analysis
| Beg. Balance | $3,101,075 |
| Net Contributions | $1,017,923 |
| Grants | $50,981 |
| Ending Balance | $4,068,017 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |