Tecnologico De Monterrey Foundation

EIN: 261857750 501(c)(3) Education

Miami, FL

Total Revenue
$1,239,341
Total Expenses
$451,596
Total Assets
$4,096,885
Net Assets
$4,096,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
Alejandro A Poire Romero
Phone
3052597775
Tax Period
2024-01-01 to 2024-12-31

Tecnologico De Monterrey Foundation, founded in 2007, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $788K, a strong 64% operating margin.

Mission

To Support and benefit domestic and foreign educational institutions as described in sections 509(a)1 and 509(a)2

Program Service Accomplishments

Program 1
Expenses: $437,666 Revenue: $0

During the year the organization provided a generous grant to Lideres del Manana. This program offers full scholarships to approximately 200 students from Mexico and Latin America, covering tuition...

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During the year the organization provided a generous grant to Lideres del Manana. This program offers full scholarships to approximately 200 students from Mexico and Latin America, covering tuition, room and board and other living expenses. The recipients are exceptional young individuals who require financial assistance to pursue higher education. The goal of the program is to develop leaders who can drive meaningful social change. Additionally, we supported the construction of a sports facility in Guadalajara, Jalisco aimed at fostering the development of teams from diverse disciplines. This facility will have a positive impact on the entire community including teachers, 8000 students and their families. We also provided a small grant to the Ciudad Juarez campus to support the construction and equipment of the International Buisness Lab, Basic Sciences Lab and Data Science Lab. These spaces will create collaborative learning environments for up to 800 students and teachers. Lastly, a small grant was made to the Asociacion de Estudiantes de Sonora to help with their food expenses.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,089,234
Program Service Revenue $0
Investment Income $150,107
Other Revenue $0
TOTAL REVENUE $1,239,341

Expense Breakdown

Grants Paid $437,666
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $437,666
Other Expenses $13,930
TOTAL EXPENSES $451,596

Year-over-Year Comparison

2024 2023 Change
Revenue $1,239,341 $3,648,169 -0.7%
Expenses $451,596 $678,964 -0.3%
Net Income $787,745 $2,969,205 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Alejandro A Poire Romero Trustee-President 10.00
Officer Director
$0 $0 $0
Ing Miguel Valle Herrera Trustee - COB 10.00
Officer Director
$0 $0 $0
CP Flor Minerva Esquival Escobar Asst. Treasurer 10.00
Officer
$0 $0 $0
Hugo Armando Garza Medina Trustee - V COB 10.00
Officer Director
$0 $0 $0
CP Adriana Wong Redondo Trustee - Treasurer 10.00
Officer Director
$0 $0 $0
Eduardo Menchaca Villareal Trustee - Secretary 10.00
Officer Director
$0 $0 $0
Alejandra Naranjo Development & VP Administration 30.00
Officer
$0 $0 $0
Joe Rudberg Asst. Secretary 2.00
Officer
$0 $0 $0
Tyree C Collier Asst. Secretary 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,239,341 $451,596 $4,096,885 $787,745
2023 $3,648,169 $678,964 $3,309,140 $2,969,205
2022 $517,194 $621,667 $339,935 $-104,473
2021 $381,099 $836,913 $444,408 $-455,814
2020 $26,809 $5,370 $900,222 $21,439
2019 $50,256 $4,299 $878,783 $45,957
2018 $144,092 $5,347 $832,826 $138,745
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