Fomento Educational A C
- Assets
- $8.3m
- Revenue
- $696.8k
- Investments
- $6.3m
- Employees
- 0
- Location
- Founding
- 03/1992
- Data as of
- 12/2023
- 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 12/2023, Fomento Educational A C generated $696.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $360.0k during the year ending 12/2023. While expenses have increased by 0.0% per year over the past 5 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.
Since 2020, Fomento Educational A C has awarded 16 individual grants totaling $309,510. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIA DE MUSICA DEL PALACIO DE MINERIA AC BICULTURAL PROJECT CONSISTS OF TRANSMITTING AND DISSEMINATING ART AND CULTURE ON NETWORKS AND WEBSITES, THROUGH LIVE AND RECORDED CONCERTS, WITH THE PARTICIPATION OF THE SYMPHONY ORCHESTRA OF MINING, AS WELL AS INTERVIEWS OR TALKS BY NORTH AMERICAN MUSICIANS, IN ORDER TO ENRICH THE CULTURE BETWEEN MEXICO AND THE UNITED STATES.
COMISION MEXICO ESADOS UNIDOS FISO 22927 LIMON4KIDS EN LOS SEMILLEROS CREATIVOS
COMISION MEXICO ESADOS UNIDOS FISO 22927 COLLABORATIVE ONLINE INTERNATIONAL LEARNING COIL
SAN MIGUEL METOPERA TRUST AC SEE ADDITIONAL DETAILS IN PART XIV, PAGE 11, QUESTION 3A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Pearson Member | 2 | $0 | |
Barbara J Franco Lic Secretary | 2 | $0 | |
Eduardo L Miquel President | 3 | $0 | |
Michele Beltran Member | 2 | $0 | |
Jose Carlos Rodriguez Pueblita Member | 2 | $0 | |
Purdy C Jordan Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106,310 |
| Dividends & Interest | $132,751 |
| 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 | $457,723 |
| Total Revenue | $696,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $24,295 |
| Pension plans, employee benefits | $4,965 |
| Interest | $19,649 |
| Taxes | $62,122 |
| Depreciation | $686 |
| Occupancy | $16,764 |
| Travel, conferences, and meetings | $1,115 |
| Printing and publications | $1,727 |
| Other expenses | $19,529 |
| Total operating and administrative expenses | $220,051 |
| Contributions, gifts, grants paid | $139,992 |
| Total expenses and disbursements | $360,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,236 |
| Savings and temporary cash investments | $976,760 |
| Net Accounts receivable | $0 |
| 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 | $19 |
| Net Investments - land, buildings, equipment | $1,047,191 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,784 |
| Other assets | $0 |
| Total assets | $8,332,569 |
| Accounts payable and accrued expenses | $10,028 |
| 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 | $80,775 |
| Total liabilities | $90,803 |
Grants Awarded
Over the last fiscal year, Fomento Educational A C has awarded $139,992 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIA DE MUSICA DEL PALACIO DE M PURPOSE: SUPPORT BI-CULTURAL EXCHANGE | $53,572 |
COMISION MEXICO ESTADOS UNIDOS PURPOSE: SUPPORT BI-CULTURAL EXCHANGE | $62,031 |
SAN MIGUEL METOPERA TRUST AC PURPOSE: SUPPORT BI-CULTURAL EXCHANGE | $20,301 |
ENSAMBLE CORAL VOCE IN TEMPORE AC PURPOSE: SUPPORT BI-CULTURAL EXCHNAGE | $4,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|