University Of The Andes Foundation Inc
- Assets
- $9.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 01/2018
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, University Of The Andes Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 24.8% per year over the past 9 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
2023
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
CENTER FOR ENTREPRENEURSHIP (CBU PROJECT) - THE CBU PROJECT IS AIMED AT IMPROVING THE EDUCATIONAL AND ENTREPRENEURIAL LEARNING AND HANDS-ON EXPERIENCE OF UNDERGRADUATE STUDENTS AT THE UNIVERSIDAD DE LOS ANDES. BY PROVIDING STUDENT WITH SEED FUNDING TO DEVELOP AND START THEIR ENTREPRENEURIAL VENTURES UNDER THE SUPERVISION OF OUR FACULTY, WE STRIVE TO DEVELOP THE DECISION-MAKING CAPACITY, CRITICAL THINKING, AND UNDERSTANDING OF OUR STUDENT'S ROLE AS EMPOWERED AND PROACTIVE CITIZENS WHO THEY CAN MAKE THE CHANGES THEY ASPIRE TO SEE IN THEIR LIVES AND IN THE CIRCUMSTANCES OF THEIR COMMUNITIES.
OTHER PROGRAMS - ARGIDIUS, ATARRAYA STEM, ATARRAYA STEM 4TH YEAR, AYEM 2023, BIOCOMX - BITT, BIOCOMX - C3I CHALLENGE, BIOCOMX - QE SCHOLARSHIPS, DECIDI ENSENAR, DINOSAURIOS DE LA TIERRA, EMPLOYMENT GRANT, EVALUATION OF PRIMAT PROGRAM, FORWARD TOGETHER, LUMEN NEXSYS BIOMEDICAL ENG MASTERS FUND, PRIMAC MOOC 2023 PHASE 5, QE, QE ENDOWMENT FUND, SEMILLERO SIERRA NEVADA DE SANTA MARTA - CAI, STEM EDUCATION, SURF CORNELL SCHOLARSHIPS, TALENTOS SIERRA NEVADA, TRAVESIAS GRANT, UNIANDINOS ABROAD, VAMOS PA'LANTE, VAMOS PA'LANTE 2022.
GENERAL PROGRAM - TO PROVIDE FINANCIAL ASSISTANCE TO SUPPORT STUDENTS FROM ANYWHERE IN THE COUNTRY WHO OBTAIN EXCELLENT RESULTS IN THE COLOMBIAN NATIONAL EXAMINATION ICFES AND WHO, DESPITE NOT HAVING THE ECONOMIC RESOURCES WISH TO STUDY AT THE UNIVERSIDAD DE LOS ANDES.
VAMOS PA'LANTE 2023 - THE VAMOS PA'LANTE 2023 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 HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Diaz Executive Director | Officer | 40 | $200,000 |
Jo Ann Arias Treasurer | Officer | 40 | $135,711 |
Alberto Mejia President | Trustee | 3 | $0 |
Raquel Bernal Chair | Trustee | 3 | $0 |
Carolina Barco Board Member | Trustee | 3 | $0 |
Sergio Galvis 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 | $1,380,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,481 |
| Total Program Service Revenue | $0 |
| Investment income | $144,313 |
| 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 | $1,524,794 |
| 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 | $1,068,699 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $335,712 |
| Compensation of current officers, directors, key employees. | $38,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,307 |
| Other employee benefits | $31,943 |
| Payroll taxes | $23,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,821 |
| Advertising and promotion | $0 |
| Office expenses | $20,213 |
| Information technology | $4,508 |
| Royalties | $0 |
| Occupancy | $34,800 |
| Travel | $2,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,895 |
| All other expenses | $0 |
| Total functional expenses | $1,567,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,580,801 |
| Savings and temporary cash investments | $1,716,237 |
| Pledges and grants receivable | $504,209 |
| 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 | $2,185,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $8,993,856 |
| Accounts payable and accrued expenses | $1,948 |
| Grants payable | $1,792,277 |
| 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 | $1,794,225 |
| Net assets without donor restrictions | $4,258,480 |
| Net assets with donor restrictions | $2,941,151 |
| 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 | $8,993,856 |