Tecnologico De Monterrey Foundation
- Assets
- $444.4k
- Revenue
- $381.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-1857750
Organization Overview
Tecnologico De Monterrey Foundation is located in Miami, FL. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tecnologico DE Monterrey 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, Tecnologico DE Monterrey Foundation generated $381.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $836.9k during the year ending 12/2021. 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 AND BENEFIT DOMESTIC AND FOREIGN EDUCATIONAL INSTITUTIONS AS DESCRIBED IN SECTIONS 509(A)1 AND 509(A)2
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE A CONTRIBUTION TO INSTITUTO TECNOLOGICO Y DE ESTUDIOS SUPERIORES DE MONTERREY, A UNIVERSITY WITH ITS MAIN CAMPUS IN MONTERREY, MEXICO, TO SUPPORT ITS SCHOLARSHIP PROGRAM CALLED LIDERES DEL MANANA. THE PROGRAM PROVIDES FINANCIAL SUPPORT TO ECONOMICALLY DISADVANTAGED AND DIVERSIFIED STUDENTS IN ORDER TO OBTAIN A HIGHER EDUCATION. THE GOAL IS TO ENRICH THE LIVES OF ITS 1,000 PLUS CURRENT PARTICIPANTS THROUGH HIGER EDUCTAION. THE PROGRAM FOCUSES ON HIGH PARTICIPANT RETENTION AND GRADUATION RATES WHICH LEAD TO HIGH EMPLOYMENT RATES, HIGH LEVELS OF GRADUATION, EXPOSURE TO INTERNATIONAL EDUCATION AND JOB PLACEMENT WITH HIGHER INCOME POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ing Miguel Valle Herrera Treasurer | OfficerTrustee | 10 | $0 |
Ing Roberto Morales Morales Secretary | OfficerTrustee | 10 | $0 |
Alejandra Naranjo Development & VP Administration | OfficerTrustee | 30 | $0 |
Hernan Garcia Gonzalez President | OfficerTrustee | 10 | $0 |
Cp Hector Alfredo Marquez Trevino Asst Treasurer | OfficerTrustee | 10 | $0 |
Tyree C Collier Assistant Secretary | Officer | 2 | $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 | $381,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,099 |
| 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 | $381,099 |
| 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 | $817,826 |
| 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 | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $2,796 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $1,291 |
| All other expenses | $0 |
| Total functional expenses | $836,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,491 |
| 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 | $917 |
| Other assets | $0 |
| Total assets | $444,408 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $444,408 |
| Net assets with donor restrictions | $0 |
| 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 | $444,408 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tecnologico De Monterrey Foundation has recieved totaling $180,943.
| Awarding Organization | Amount |
|---|---|
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA PURPOSE: PROVIDE AN ENDOWED SCHOLARSHIP FOR THE LIDERES DEL MANANA PROGRAM FOR STUDENTS | $175,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,938 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |