Friends Of Mexican Development Foundation
- Assets
- $120.5k
- Revenue
- $835.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 13-3249351
Organization Overview
Friends Of Mexican Development Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Mexican Development Foundation 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, Friends Of Mexican Development Foundation generated $835.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $791.0k during the year ending 12/2021. While expenses have increased by 39.8% 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 PROVIDE SUPPORT IN MEXICO TO DEVELOPMENT PROGRAMS INITIATED BY MEXICANS IN THE FIELDS OF HEALTH, THE HUMANITIES, EDUCATION, TOURISM, RURAL DEVELOPMENT, DISASTER RELIEF, AND SUSTAINABLE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT PROJECTS OF EL CENTRO INVESTIGADOR DE SISTEMA ACUIFERO DE QUINTANA ROO (CINDAQ) IN MEXICO INCLUDING THE OX BEL HA CAVE SYSTEM EXPLORATION PROJECT, SIAN KA'AN BIOSPHERE RESERVE EXPLORATION PROJECT, KANTENAH EXPLORATION PROJECT, KANTUNULKIN EXPLORATION PROJECT AND THE HOYO NEGRO PALEOINDIAN SITE.
AMIGOS DE SIAN KA'AN-IS A PROJECT FUND THAT STRIVES TO PRESERVE THE NATURAL RESOURCES OF QUINTANA ROO, A STATE IN MEXICO, BY MANAGING THE QUINTANA ROO BIOSPHERE AND WORKING ALONGSIDE LOCAL INDUSTRIES TO CONSERVE BIODIVERSITY AND MAINTAIN ECOLOGICAL PROCESSES.
FONDO DE CONSERVACION EL TRIUNFO AC AIMS TO ASSURE THE CONSERVATION OF EL TRIUNFO BIOSPHERE RESERVE AND THE SUSTAINABLE DEVELOPMENT OF ITS INHABITANTS. EL TRIUNFO PROTECTS SOME OF THE LAST STRETCHES OF CLOUD FORESTS, ONE OF THE MOST THREATENED ECOSYSTEMS IN THE WORLD.
FUNDACIN PARA LA SALUD Y LA EDUCACIN DR. SALVADOR ZUBIRN (FUNSAED) FOR EXPANDING THE HOSPITAL INSTITUTO NACIONAL DE CIENCIAS MDICAS Y NUTRICIN SALVADOR ZUBIRN, COVID-19 RELIEF AND MEDICAL RESEARCH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel Aleman Velasco Chairman & President | OfficerTrustee | 1 | $0 |
Claudia Aleman Magnani Treasurer | OfficerTrustee | 1 | $0 |
Ann Brownell Sloane Secretary | OfficerTrustee | 1 | $0 |
Sam Meacham Director | Trustee | 1 | $0 |
Dame Jill Sackler Director | Trustee | 1 | $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 | $835,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $835,695 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $835,695 |
| 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 | $761,275 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,840 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $847 |
| Information technology | $271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $791,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,503 |
| Accounts payable and accrued expenses | $6,800 |
| Grants payable | $0 |
| 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 | $6,800 |
| Net assets without donor restrictions | $7,610 |
| Net assets with donor restrictions | $106,093 |
| 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 | $120,503 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Mexican Development Foundation has recieved totaling $52,680.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $42,680 |
Hausman Foundation For The Environment Mc Lean, VA PURPOSE: WATER LAND USE CONSERVATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Central Fund Of Israel Cedarhurst, NY | $25,861,859 | $55,454,981 |
Morasha Olami Inc Lakewood, NJ | $9,487,036 | $39,914,838 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Root Capital Inc Cambridge, MA | $84,001,332 | $21,396,934 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |