Fomento Educational A C
- Assets
- $7.5m
- Revenue
- $415.6k
- Investments
- $5.1m
- Employees
- 0
- Location
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 98-0116396
Organization Overview
Fomento Educational A C is located in null. The organization was established in 1992. 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. Fomento Educational A C 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, Fomento Educational A C generated $415.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $243.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIA DE MUSICA DEL PALACIO DE MINERIA AC SEE ADDITIONAL DETAILS IN PART XIV, PAGE 11, QUESTION 3A
TEACH 4 ALL MEXICO AC SEE ADDITIONAL DETAILS IN PART XIV, PAGE 11, QUESTION 3A
COMISION MEXICO ESTADOS UNIDOS FISO 22927 SEE ADDITIONAL DETAILS IN PART XIV, PAGE 11, QUESTION 3A
SAN MIGUEL METOPERA TRUST AC SEE ADDITIONAL DETAILS IN PART XIV, PAGE 11, QUESTION 3A
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,821 |
| Dividends & Interest | $95,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $415,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,866 |
| Pension plans, employee benefits | $4,718 |
| Interest | $14,606 |
| Taxes | $33,498 |
| Depreciation | $226 |
| Occupancy | $25,128 |
| Travel, conferences, and meetings | $183 |
| Printing and publications | $1,330 |
| Other expenses | $15,779 |
| Total operating and administrative expenses | $166,430 |
| Contributions, gifts, grants paid | $76,842 |
| Total expenses and disbursements | $243,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,994 |
| Savings and temporary cash investments | $1,429,886 |
| Net Accounts receivable | $2,170 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $848,172 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $190 |
| Other assets | $0 |
| Total assets | $7,544,855 |
| Accounts payable and accrued expenses | $10,436 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $56,702 |
| Total liabilities | $67,138 |
Grants Awarded
Over the last fiscal year, Fomento Educational A C has awarded $76,842 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIA DE MUSICA PALACIO MINERIA PURPOSE: SUPPORT BI-CULT EXCH | $16,726 |
TEACH 4 ALL MEXICO AC PURPOSE: SUPPORT BI-CULT EXCH | $16,726 |
COMISION MEXICO ESTADOS UNIDOS FISO 22927 PURPOSE: SUPPORT BI-CULT EXCH | $14,527 |
SAN MIGUEL MET OPERA TRUST AC PURPOSE: SUPPORT BI-CULT EXCH | $14,527 |
MULTIDISCIPLINA ARTE Y SOCIEDAD AC PURPOSE: SUPPORT BI-CULT EXCH | $14,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fundacion De La Universidad Del Valle De Guatemala | $108,406,645 | $67,532,901 |
Aisg Inc | $88,681,882 | $31,560,932 |
Eshel-The Assn for the Planning&Develop ment of Services for the Aged in Israel | $0 | $14,530,000 |
Alliance Israelite Universelle | $18,938,942 | $3,799,079 |
Near East South Asia Council Of Overseas Schools | $1,830,360 | $1,211,974 |
World Assistance For Cambodia Inc | $1,401,191 | $779,817 |
Fomento Educational A C | $7,544,855 | $415,574 |
International Society For Isaac | $801,667 | $221,657 |
Jerusalem Institute For Market Studies Inc | $374,320 | $375,000 |
International Pediatric Transplant Association Inc | $2,129,460 | $167,720 |
Council For Advancement And Support Of Education Europe | $596,819 | $3,739 |