Friends Of Catholic University In Chile Inc
- Assets
- $5.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1990
- Data as of
- 09/2023
- EIN
- 52-1656495
Organization Overview
Friends Of Catholic University In Chile Inc is located in New York, NY. The organization was established in 1990. 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 Catholic University In Chile 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 09/2023, Friends Of Catholic University In Chile Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $824.9k during the year ending 09/2023. While expenses have increased by 14.3% per year over the past 8 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
PROMOTING AND FURTHERING EDUCATIONAL OPPORTUNITIES OF HIGHER EDUCATION IN CHILE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELIGE EDUCAR IS A PROJECT BASED IN THE CENTER OF PUBLIC POLICY OF CATHOLIC UNIVERSITY. ITS PURPOSE IS TO GUARANTEE THAT EVERY CHILD GETS TO BE EDUCATED BY GREAT TEACHERS. TO ACHIEVE ITS VISION, ELIGE EDUCAR WORKS ON THREE STRATEGIC AREAS: 1) ATTRACTING HIGH-PERFORMING STUDENTS INTO TEACHING CAREER PROGRAMS 2) ENHANCE SOCIAL STATUS OF TEACHING 3) ADVOCATING FOR PUBLIC POLICIES TO IMPROVE TEACHERS' WORKING CONDITIONS AND TRAINING.
RESEARCH AND OTHER GRANTS TO THE UNIVERSITY FOR THE PROGRAMS SUCH AS THE CENTRO CUIDA ($24,990). PROTECTION OF THE CATO GUINA ($10,000) AND FACULTY OF ECONOMICS AND ADMINSTRATION ($2,700).
LEADING THE WAY - SCHOLARSHIP FOR LOW AND MODERATE INCOME WITH STUDENTS WITH HIGH POTENTIAL , INCLUDING IMMERSION IN US SOCIETY THROUGH AN EXCHANGE PROGRAM WITH DREXEL UNIVERSITY
CRISTOBAL CONDE SCHOLARSHIP - ASSIST LOW-INCOME STUDENTS TO PURSUE THEIR COLLEGE STUDIES IN THE UNIVERSITY SYSTEM. THIS ALLOWS ACADEMICALLY TALENTED STUDENTS COMING FROM LESS PRIVILEGED BACKGROUNDS TO PURSUE HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Sava B Thomas President | OfficerTrustee | 4 | $0 |
Roger W Thomas Secretary | OfficerTrustee | 2 | $0 |
Patricio Donoso Treasurer | OfficerTrustee | 2 | $0 |
Juan Carlos Cappello Director | Trustee | 1 | $0 |
Cristobal Conde Director | Trustee | 1 | $0 |
Enrique Jocelyn-Holt 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 | $5,691,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,691,809 |
| 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 | $5,691,809 |
| 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 | $798,076 |
| 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 | $0 |
| Fees for services: Accounting | $25,420 |
| 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 | $1,424 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $824,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,000 |
| Savings and temporary cash investments | $5,347,155 |
| 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 | $5,352,155 |
| Accounts payable and accrued expenses | $14,438 |
| 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 | $14,438 |
| Net assets without donor restrictions | $5,337,717 |
| 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 | $5,352,155 |