Friends Of Cetys Foundation
- Assets
- $118.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- El Centro, CA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-4596436
Organization Overview
Friends Of Cetys Foundation is located in El Centro, CA. The organization was established in 2011. 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. Friends Of Cetys 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 12/2022, Friends Of Cetys Foundation generated $173.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $221.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE FRIENDS OF CETYS FOUNDATION IS TO FUND AND SUPPORT INSTITUTO EDUCATIVO DEL NOROESTE AC, A MEXICAN EDUCATIONAL AND CHARITABLE ORGANIZATION WHICH PERFORMS, PROMOTES, FOSTERS AND SUPPORTS SECONDARY AND HIGHER EDUCATION UNDER THE NAME OF CENTRO DE ENSENANZA TECNICA Y SUPERIOR ("CETYS"), ALSO KNOWN AS CETYS UNIVERSIDAD OR CETYS UNIVERSITY IN ITS GROWTH AND DEVELOPMENT AS IT STRIVES TO BECOME ONE OF THE LEADING HIGHER EDUCATION INSTITUTIONS IN MEXICO. CETYS UNIVERSITY (AUSPICED BY INSTITUTO EDUCATIVO DEL NOROESTE A.C.) IS AMONG THE TOP UNIVERSITIES IN MEXICO AND THE FIRST TO ACHIEVE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES ACCREDITATION OUTSIDE THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arturo Guajardo Director | 1 | $0 | |
Alberto Perez Director | 0 | $0 | |
Manuel Hernandez Treasurer | 3 | $0 | |
Meredith Garcia Secretary | 3 | $0 | |
Jaime Honold President | 6.5 | $0 | |
Victor Jaime Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,994 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $190 |
| Total Revenue | $173,184 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,966 |
| Professional fees and other payments to independent contractors | $4,102 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $499 |
| Other expenses | $151,639 |
| Total expenses | $221,206 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,001 |
| Other assets | $0 |
| Total assets | $118,001 |
| Total liabilities | $2,393 |
| Net assets or fund balances | $115,608 |