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Nonprofiteer
← IESA FOUNDATION

Form 990 for tax year 2024

Filed by IESA FOUNDATION.

Totals

Total revenue
$698,607
Total expenses
$429,072
Contributions and grants received
$312,729
Grants paid
$281,456
Program service revenue
$0
Investment income
$63,415
Other revenue
$322,463
Total assets, end of year
$2,780,403
Total liabilities, end of year
$1,639,085
Net assets or fund balances, end of year
$1,141,318
Program services expenses (Part IX)
$429,072
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$429,072

Program services were 100.0% 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

    $312,729

  • 3 · Investment income

    total $63,415 · excluded $63,415

  • 11a · Other revenue: GAIN FROM EXCHANGE -UN

    total $316,154 · excluded $316,154

  • 11b · Other revenue: GAIN IN TITLE VALUE

    total $6,309 · excluded $6,309

  • 11e · Other revenue, total

    $322,463

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $281,456 · program services $281,456

  • 11b · Fees: legal

    total $63,327 · program services $63,327

  • 11c · Fees: accounting

    total $4,800 · program services $4,800

  • 13 · Office expenses

    total $1,306 · program services $1,306

  • 20 · Interest

    total $78,183 · program services $78,183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,154 · end of year $258,493

  • 2 · Savings and temporary cash investments

    beginning of year $1,703,936 · end of year $1,772,660

  • 4 · Accounts receivable

    beginning of year $745,726 · end of year $747,726

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $1,524

  • 18 · Grants payable

    beginning of year $293,915 · end of year $364,304

  • 25 · Other liabilities

    beginning of year $1,433,118 · end of year $1,274,781

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $871,783 · end of year $1,141,318

Mission and programs · 2024

Mission

OUR MISSION IS TO SUPPORT THE ACTIVITIES AND PROGRAMS OF THE INSTITUTE FOR ADVANCED STUDIES IN ADMINSTRATION, A NONPROFIT GRADUATE BUSINESS SCHOOL IN VENEZUELA AND PANAMA.

Activities or mission (Part I)

OUR MISSION IS TO SUPPORT THE ACTIVITIES AND PROGRAMS OF THE INSTITUTE FOR ADVANCED STUDIES IN ADMINSTRATION, A NONPROFIT GRADUATE BUSINESS SCHOOL IN VENEZUELA.

  • SUPPORT EDUCATIONAL PROGRAM TO GRADUATES AND FACULTY OF THE INSTITUTE FOR ADVANCED STUDIES IN ADMINISTRATION (IESA) AND DEVELOPING PROJECT RELATED TO ENTREPRENEURSHIP IN VENEZUELA AND PANAMA.

    Expenses $429,072 · Grants $281,456

As filed on the 2024 return.

Listed in Part VII

  • Frank F Briceno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Oscar Augusto Machado

    CHAIRMAN & DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Ana Cristina Massa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gustavo P Roosen

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Maria Isabel Ginand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523169349303167

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