Eduarte Courtot Foundation
- Assets
- $4.6m
- Revenue
- $468.4k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 82-5167898
Organization Overview
Eduarte Courtot Foundation is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (Q30) the organization is classified as: International Development, 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. Eduarte Courtot 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 12/2023, Eduarte Courtot Foundation generated $468.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $174.0k during the year ending 12/2023. 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
EDUARTE COURTOT FNDN AIMS TO COMBAT ISSUES FACING IMPOVERISHED CHILDREN SEEKING A BETTER LIFE THROUGH EDUCA:ON. THE FOUNDATION HELPS CHILDREN IN THE PHILIPPINES, LEBANON AND OTHER DEVELOPING COUNTRIES ATTEND SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATENEO DE MANILA UNIVERSITY SCHOLARSHIP PROGRAM - FOUNDATION ESTABLISHED AND DISBURSED ITS SCHOLARSHIPS TO 12 FULL-TIME STUDENTS AT ATENEO DE MANILA UNIVERSITY, RECIPIENTS CRITERIA ARE FEMALE, FROM VERY LOW INCOME FAMILY, TOP/HONOR STUDENTS IN HIGH SCHOOL AND ACTIVE IN EXTRACURRICULAR ACTIVITIES.
TEACH FOR LEBANON (TFL) ECF ALSO IDENTIFIED TEACH FOR LEBANON (TFL-US, A 501C3 NON-PROFIT), AS AN NGO HELPING SCHOOLS IN THE REGION TO SUPPORT STUDENTS THAT ARE IN DIRE FINANCIAL NEEDS. A DONATION OF 20,000 WAS GRANTED TO TFL TO SUPPORT TWO SCHOOLS IN JEZZINE AREA IN THE SOUTH OF LEBANON AND TO PROVIDE SCHOLARSHIPS TO DISTINGUISHED STUDENTS THOUGH THE "MINHATI" SCHOLARSHIP PROGRAM OF TFL.
IN THE MIDST OF AN ECONOMIC CRISIS, SCHOOLS IN LEBANON ARE GOING BANKRUPT. MANY STUDENTS CAN'T AFFORD TUITION, AND DISTRICTS ARE STRUGGLING TO PAY TEACHERS' SALARIES. THE SMALL, PICTURESQUE TOWN OF MARJOYOUN IN SOUTH LEBANON HAS BEEN SEVERELY AFFECTED BY CIVIL WAR, AND CONTINUES TO BE A CENTRAL HOTSPOT FOR CONFLICT BETWEEN ISRAEL AND HEZBOLLAH. THE EDUARTE COURTOT FOUNDATION SUPPORTED MARJOYOUN NATIONAL COLLEGE (MNC), WHICH SERVES APPROXIMATELY 500 STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL, WITH A 40,000 DONATION FOR 2022. THIS DONATION WILL GO 100% TO HELP STUDENTS WITH TUITION AND OTHER NECESSITIES FOR SCHOOL INCLUDING BOOKS AND TRANSPORTATION.
ECF ALSO IDENTIFIED ANOTHER SCHOOL WITH DIRE NEEDS IN THE BEKAA VALLEY IN LEBANON, COLLGE DES SOEURS DES SAINTS COEURS LOCATED IN THE CENTRAL TOWN OF ZHALE. ECF ALSO DONATED 40,000 TO THIS SCHOOL FOR FY 2022 TO HELP AID 50+ STUDENTS WITH TUITION, BOOKS AND TRANSPORTATION. ECF BELIEVES THAT ACCESS TO QUALITY EDUCATION IS THE KEY TO RESOLVING SOCIAL PROBLEMS, AND THAT FOCUSED EFFORTS IN AREAS WHERE WE HAVE ESTABLISHED PERSONAL CONNECTIONS HAVE THE GREATEST IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freya Eduarte President | OfficerTrustee | 3 | $0 |
Rima Touma-Bruna Secretary | OfficerTrustee | 1 | $0 |
Alice Ahn Treasurer | OfficerTrustee | 1 | $0 |
Amer Deeba 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 | $5,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,260 |
| Total Program Service Revenue | $0 |
| Investment income | $1,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $461,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $128,769 |
| 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 | $2,462 |
| Fees for services: Accounting | $1,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,346 |
| Office expenses | $1,061 |
| Information technology | $18,000 |
| 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 | $608 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $174,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,167 |
| 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 | $1,014 |
| Investments—publicly traded securities | $4,613,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,637,351 |
| 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 | $4,637,351 |
| 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 | $4,637,351 |
Grants Awarded
Over the last fiscal year, Eduarte Courtot Foundation has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JOY OF GIVING PURPOSE: EMERGENCY RELIEF | $50,000 |
AMERICANS FOR CHILDREN OF THE MIDDL PURPOSE: EMERGENCY RELIEF | $50,000 |