FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA

EIN: 541492775 501(c)(3) International Affairs

GLEN ECHO, MD

Total Revenue
$3,402,000
Total Expenses
$3,382,737
Total Assets
$13,348,664
Net Assets
$13,058,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
VA
Principal Officer
VICTOR BALESTRA
Phone
3013200680
Tax Period
2025-01-01 to 2025-12-31

FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA, founded in 1980, is a community nonprofit in the International Affairs sector that reported $3.4M in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $13.1M represent 46 months of operating reserves.

Mission

TO SUPPORT MANAGEMENT EDUCATION IN CENTRAL AMERICA, PRIMARILY BY PROVIDING SCHOLARSHIP SUPPORT FOR MBA STUDENTS AT INCAE BUSINESS SCHOOL, WHICH HAS CAMPUSES IN COSTA RICA AND PANAMA.

Program Service Accomplishments

Program 1
Expenses: $3,311,598

GRANTMAKING: TO PROVIDE SCHOLARSHIPS TO STUDENTS AT INCAE BUSINESS SCHOOL INVOLVED IN MANAGEMENT EDUCATION IN CENTRAL AMERICA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,102,143
Program Service Revenue $0
Investment Income $299,857
Other Revenue $0
TOTAL REVENUE $3,402,000

Expense Breakdown

Grants Paid $3,232,398
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,311,598
Other Expenses $150,339
TOTAL EXPENSES $3,382,737

Year-over-Year Comparison

2025 2024 Change
Revenue $3,402,000 $2,675,312 +0.3%
Expenses $3,382,737 $3,580,283 -0.1%
Net Income $19,263 $-904,971 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
14

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
4
$99,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTOR BALESTRA PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHAEL WILLIAMS VP AND SECRETARY 1.00
Officer Director
$0 $0 $0
STEPHEN C CAMPBELL TREASURER 1.00
Officer Director
$0 $0 $0
ROBERTO ARTAVIA BOARD MEMBER 1.00
Director
$0 $0 $0
BRIZIO BIONDI-MORRA BOARD MEMBER 1.00
Director
$0 $0 $0
ENRIQUE BOLANOS BOARD MEMBER 1.00
Director
$0 $0 $0
CAMELIA ILIE BOARD MEMBER (FROM 03/01/25) 1.00
Director
$0 $0 $0
CRISTINA LOPEZ-GOTTARDI CHAO BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE W LOGAN BOARD MEMBER 1.00
Director
$0 $0 $0
PETER RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
FEDERICO SACASA BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCISCO RR DE SOLA BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID PRICE BOARD MEMBER (FROM 12/19/25) 1.00
Director
$0 $0 $0
ROBERT BRUNER BOARD MEMBER (UNTIL 12/12/25) 2.00
Director
$0 $0 $0
LARRY SLESINGER SEE SCH O DEPUTY SEC/TREASURER 5.00
Officer
$99,000 $0 $99,000
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
2025 $3,402,000 $3,382,737 $13,348,664 $19,263
2024 $2,675,312 $3,580,283 $12,185,943 $-904,971
2023 $2,518,381 $3,143,773 $11,020,298 $-625,392
2022 $3,006,288 $2,333,413 $9,793,844 $672,875
2021 $2,387,556 $2,648,285 $11,540,471 $-260,729
2020 $4,043,840 $2,172,394 $10,087,456 $1,871,446
2019 $1,555,938 $1,693,875 $9,764,325 $-137,937
2018 $2,225,925 $2,188,773 $8,369,425 $37,152
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