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← FOUNDATION FOR AMIGOS DE LAS AMERICAS

Form 990 for tax year 2023

Filed by FOUNDATION FOR AMIGOS DE LAS AMERICAS.

Totals

Total revenue
$44,791
Total expenses
$5,904
Contributions and grants received
$41
Grants paid
$0
Program service revenue
$0
Investment income
$44,750
Other revenue
$0
Total assets, end of year
$570,191
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$570,191
Program services expenses (Part IX)
$0
Management and general expenses
$5,904
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $41

  • 3 · Investment income

    total $10,817 · excluded $10,817

  • 7a · Gross sales of assets other than inventory

    securities $436,337

  • 7b · Less cost or other basis and sales expenses

    securities $402,404

  • 7c · Gain or loss

    securities $33,933

  • 7d · Net gain or loss

    total $33,933 · excluded $33,933

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $2,439 · management and general $2,439

  • 13 · Office expenses

    total $3 · management and general $3

  • 23 · Insurance

    total $3,462 · management and general $3,462

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,425 · end of year $41,088

  • 3 · Pledges and grants receivable

    beginning of year $321,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,333 · end of year $3,221

  • 11 · Investments: publicly traded securities

    beginning of year $469,169 · end of year $525,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,825

  • 27 · Net assets without donor restrictions

    beginning of year $367,520 · end of year $44,309

  • 28 · Net assets with donor restrictions

    beginning of year $469,169 · end of year $525,882

Mission and programs · 2023

Mission

The Foundation for Amigos de las Americas supports Amigos de las Americas' youth leadership and sustainable development work. It was born out of the desire to make a difference in the lives of youth volunteers and Latin American communities.

Activities or mission (Part I)

Support the work of Amigos de las Americas and manage an endowment for the benefit of AMIGOS.

  • 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.

As filed on the 2023 return.

Listed in Part VII

  • Steve C Cook

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Kevin Lanier

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen A Sharpe

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sara Nathan

    CEO

    Total calculated
    $172,781
    From this org
    $172,781
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $172,781
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $172,781

  • Faraz Paliwala

    CFO

    Total calculated
    $162,399
    From this org
    $162,399
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $162,399
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,399

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Compensation From Unrelated Organizations
Sara Nathan Sara Nathan, CEO, is compensated by the Amigos de las Americas (AMIGOS), an unrelated organization. Services of the AMIGOS CEO are donated to the Foundation for Amigos de las Americas to manage certain administrative tasks. Faraz Paliwala Faraz Paliwala, CFO is compensated by the Amigos de las Americas (AMIGOS), an unrelated organization. Services of the AMIGOS CFO are donated to the Foundation for Amigos de las Americas to manage certain administrative tasks.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202422569349301637

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