FRIENDS OF CATHOLIC UNIVERSITY IN CHILE INC

EIN: 521656495 501(c)(3)

NEW YORK, NY

Total Revenue
$6,056,788
Total Expenses
$10,886,995
Total Assets
$507,510
Net Assets
$507,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DC
Principal Officer
MARIO VALDIVIA
Phone
6179321651
Tax Period
2023-10-01 to 2024-09-30

FRIENDS OF CATHOLIC UNIVERSITY IN CHILE INC, founded in 1989, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Expenses of $10.9M exceeded revenue, resulting in a 80% operating deficit.

Mission

PROMOTING AND FURTHERING EDUCATIONAL OPPORTUNITIES OF HIGHER EDUCATION IN CHILE. PROVIDE SCHOLARSHIPS FOR STUDENTS OF THE CATHOLIC UNIVERSITY IN CHILE AND TO FACILITATE THE TRANSFER OF RESOURCES, KNOWLEDGE AND EXPERIENCE FROM THE U.S. TO THE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $4,950,000

UC ENDOWMENT FUND: ON THE 130TH ANNIVERSARY OF THE FOUNDING OF THE CATHOLIC UNIVERSITY IN CHILE, THE UNIVERSITY LAUNCHED A FUNDRAISING CAMPAIGN TO CREATE AN ENDOWMENT FUND, WHICH WILL ALLOW THE...

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UC ENDOWMENT FUND: ON THE 130TH ANNIVERSARY OF THE FOUNDING OF THE CATHOLIC UNIVERSITY IN CHILE, THE UNIVERSITY LAUNCHED A FUNDRAISING CAMPAIGN TO CREATE AN ENDOWMENT FUND, WHICH WILL ALLOW THE UNIVERSITY TO EXPAND AND DEEPEN ITS WORK WITH GREATER AUTONOMY AND A LONGER-TERM VISION. THE ENDOWMENT IS DIRECTED TO THREE AREAS: (1) ACADEMIC DEVELOPMENT, ESPECIALLY THE HIRING OF NEW PROFESSORS, (2) RESEARCH AND INNOVATION ON ISSUES OF NATIONAL AND GLOBAL IMPORTANCE, ESPECIALLY IN THOSE ACADEMIC AREAS WHERE GOVERNMENT FUNDING IS INSUFFICIENT OR NON-EXISTENT, AND (3) FINANCIAL AID TO VULNERABLE STUDENTS WHO HAVE THE TALENT, BUT LACK THE RESOURCES TO PURSUE THEIR DREAMS.

Program 2
Expenses: $4,950,000

RADIO BEETHOVEN: RADIO BEETHOVEN IS A MULTIPLATFORM MEDIA AND THE ONLY RADIO STATION ENTIRELY DEVOTED TO CLASSICAL MUSIC IN CHILE. THE STATION, WHICH HAS MORE THAN 40 YEARS OF HISTORY, WAS ACQUIRED...

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RADIO BEETHOVEN: RADIO BEETHOVEN IS A MULTIPLATFORM MEDIA AND THE ONLY RADIO STATION ENTIRELY DEVOTED TO CLASSICAL MUSIC IN CHILE. THE STATION, WHICH HAS MORE THAN 40 YEARS OF HISTORY, WAS ACQUIRED IN 2020 BY THE UNIVERSITY. SINCE THEN, IT HAS SPREAD ITS WINGS, ADDING NOT ONLY NEW PROGRAMS AND VOICES, BUT ALSO INCREASING ITS GEOGRAPHICAL REACH. IN FACT, TODAY IT HAS SIGNALS IN SANTIAGO, VIA DEL MAR, VILLARRICA, VALDIVIA AND OSORNO; IN ADDITION, PART OF ITS PROGRAMMING IS BROADCAST ON THE SIGNALS OF REGIONAL STATE UNIVERSITIES, THUS ACHIEVING ALMOST TOTAL COVERAGE OF THE CHILEAN TERRITORY.

Program 3
Expenses: $594,000

ELIGE EDUCAR IS A PROJECT BASED IN THE CENTER OF PUBLIC POLICY OF CATHOLIC UNIVERSITY. ITS PURPOSE IS TO GUARANTEE THAT EVERY CHILD GETS TO BE EDUCATED BY GREAT TEACHERS. TO ACHIEVE ITS VISION, ELIGE...

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ELIGE EDUCAR IS A PROJECT BASED IN THE CENTER OF PUBLIC POLICY OF CATHOLIC UNIVERSITY. ITS PURPOSE IS TO GUARANTEE THAT EVERY CHILD GETS TO BE EDUCATED BY GREAT TEACHERS. TO ACHIEVE ITS VISION, ELIGE EDUCAR WORKS ON THREE STRATEGIC AREAS: 1) ATTRACTING HIGH-PERFORMING STUDENTS INTO TEACHING CAREER PROGRAMS 2) ENHANCE SOCIAL STATUS OF TEACHING 3) ADVOCATING FOR PUBLIC POLICIES TO IMPROVE TEACHERS' WORKING CONDITIONS AND TRAINING.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,055,853
Program Service Revenue $0
Investment Income $935
Other Revenue $0
TOTAL REVENUE $6,056,788

Expense Breakdown

Grants Paid $10,850,011
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,850,011
Other Expenses $36,984
TOTAL EXPENSES $10,886,995

Year-over-Year Comparison

2023 2022 Change
Revenue $6,056,788 $5,691,809 +0.1%
Expenses $10,886,995 $824,920 +12.2%
Net Income $-4,830,207 $4,866,889 -2.0%
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
22
Independent Members
22
Employees
N/A
Volunteers
23

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
3
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M SAVA B THOMAS PRESIDENT 4.00
Officer Director
$0 $0 $0
ROGER W THOMAS SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICIO DONOSO TREASURER 2.00
Officer Director
$0 $0 $0
FERNANDO BURGOS DIRECTOR 1.00
Director
$0 $0 $0
JUAN CARLOS CAPPELLO DIRECTOR 1.00
Director
$0 $0 $0
CRISTOBAL CONDE DIRECTOR 1.00
Director
$0 $0 $0
ANDRES ECHEVERRIA DIRECTOR 1.00
Director
$0 $0 $0
CAROLINA ETEROVIC DIRECTOR 1.00
Director
$0 $0 $0
ENRIQUE JOCELYN-HOLT DIRECTOR 1.00
Director
$0 $0 $0
CAMILO JUSTINIANO DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY KINGSTON DIRECTOR 1.00
Director
$0 $0 $0
MARIO KREUTZBERGER DIRECTOR 1.00
Director
$0 $0 $0
EDGAR LAMPERT DIRECTOR 1.00
Director
$0 $0 $0
LORETO MASSANES DIRECTOR 1.00
Director
$0 $0 $0
ROBERTO MENDEZ DIRECTOR 1.00
Director
$0 $0 $0
PURA ORTIZ DIRECTOR 1.00
Director
$0 $0 $0
GABRIELA RIVADENEIRA DIRECTOR 1.00
Director
$0 $0 $0
PEDRO ROSSO DIRECTOR 1.00
Director
$0 $0 $0
SEBASTIANO SCARAMPI DIRECTOR 1.00
Director
$0 $0 $0
MARIO VALDIVIA DIRECTOR 1.00
Director
$0 $0 $0
TULIO VERA DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN D WOLF DIRECTOR 1.00
Director
$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 $6,056,788 $10,886,995 $507,510 $-4,830,207
2023 $5,691,809 $824,920 $5,352,155 $4,866,889
2022 $1,319,207 $1,219,047 $470,827 $100,160
2021 $2,587,068 $2,497,026 $370,667 $90,042
2020 $287,446 $280,208 $280,625 $7,238
2019 $2,204,506 $2,265,132 $273,387 $-60,626
2018 $5,174,034 $5,160,887 $334,013 $13,147
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