Foundation For Amigos De Las Americas
- Assets
- $978.4k
- Revenue
- $32.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/2006
- Data as of
- 12/2020
- EIN
- 20-0763244
Organization Overview
Foundation For Amigos De Las Americas is located in Houston, TX. The organization was established in 2006. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, 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. Foundation For Amigos DE Las Americas 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 12/2020, Foundation For Amigos DE Las Americas generated $32.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $84.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (23.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR AMIGOS DE LAS AMERICAS SUPPORTS AND EXPANDS AWARENESS ABOUT THE WORK OF AMIGOS DE LAS AMERICAS (AMIGOS) AND DEVELOPS AND MANAGES AN ENDOWMENT FOR THE BENEFIT OF AMIGOS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR AMIGOS DE LAS AMERICAS SUPPORTS THE YOUTH LEADERSHIP AND SUSTAINABLE DEVELOPMENT WORK OF AMIGOS DE LAS AMERICAS (AMIGOS). AMIGOS INSPIRES AND BUILDS YOUNG LEADERS THROUGH COLLABORATIVE COMMUNITY DEVELOPMENT AND IMMERSION IN CROSS-CULTURAL EXPERIENCES. AMIGOS PROVIDES POWERFUL EXPERIENCES THAT SET YOUNG PEOPLE ON THE PATH TO BECOMING LEADERS IN A GLOBAL COMMUNITY. THE FOUNDATION MAY AWARD FUNDING TO SUPPORT NUMEROUS INNOVATIVE PROJECTS OF AMIGOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve C Cook Chair | OfficerTrustee | 1 | $0 |
Faraz Paliwala CFO | Officer | 1 | $0 |
Sara Nathan CEO | Officer | 2 | $0 |
Kevin Lanier Trustee | Trustee | 1 | $0 |
Stephen A Sharpe Trustee | 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 | $5,331 |
| Noncash contributions included in lines 1a–1f | $5,194 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,331 |
| Total Program Service Revenue | $0 |
| Investment income | $18,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,705 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,728 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $271 |
| All other expenses | $0 |
| Total functional expenses | $84,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $329,164 |
| 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 | $6,174 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $555,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,110 |
| Total assets | $978,428 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $3,000 |
| Net assets without donor restrictions | $444,722 |
| Net assets with donor restrictions | $530,706 |
| 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 | $978,428 |
Grants Awarded
Over the last fiscal year, Foundation For Amigos De Las Americas has awarded $114,516 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: Program support | $89,416 |
Houston, TX PURPOSE: Financial aid | $25,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Amigos De Las Americas has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Endowment Analysis
| Beg. Balance | $569,600 |
| Earnings | -$38,894 |
| Ending Balance | $530,706 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heifer International Foundation Little Rock, AR | $202,759,747 | $11,394,523 |
Fundacion Teleton Usa San Antonio, TX | $20,245,090 | $5,684,904 |
Heritage Christian College Foundation Usa Frisco, TX | $358,044 | $2,639,589 |
Friends Of Cantera Inc Baton Rouge, LA | $645,392 | $889,601 |
Leo Baeck Education Center Foundation Bellaire, TX | $14,369 | $380,117 |
Sewing Hope Foundation Edmond, OK | $12,946 | $0 |
Hogar Infantil Texas Inc Granbury, TX | $1,673,365 | $254,834 |
American Friends Of The Spafford Childrens Center Fund New Orleans, LA | $198,290 | $0 |
Divine Destiny Ministries Little Rock, AR | $166,674 | $0 |
Luket Ministries Inc Owasso, OK | $15,129 | $0 |
Foundation For Amigos De Las Americas Houston, TX | $978,428 | $32,404 |
Paraguay Baptist Medical Center Foundation Inc Arlington, TX | $364,884 | $0 |