The American Foundation For The Iyari School

EIN: 852585788 501(c)(3)

Pasadena, CA

Total Revenue
$351,397
Total Expenses
$354,703
Total Assets
$10,767
Net Assets
$10,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
Jonathan Congdon
Phone
3104751444
Tax Period
2024-01-01 to 2024-12-31

The American Foundation For The Iyari School, founded in 2020, is a small nonprofit that reported $351K in total revenue in fiscal year 2024.

Mission

The Foundations charitable activity will be focused on raising funds to support the Iyari School (the School), a non-profit organization located in Cayeres, Mexico. The Iyari School will provide a core K-12 curriculum based on the principles and standards of the United States educational system. The curriculum will offer a broad, generalized education that encourages students to study a range of disciplines in order to prepare them to enter schools, colleges, and universities in the United States. Courses will be taught primarily in English, supplemented with language courses and activities in Spanish. Admission will be open to the children of local residents, seasonal residents, and expatriates living in the surrounding area.

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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 $351,390
Program Service Revenue $0
Investment Income $7
Other Revenue $0
TOTAL REVENUE $351,397

Expense Breakdown

Grants Paid $278,441
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $322,139
Other Expenses $76,262
TOTAL EXPENSES $354,703

Year-over-Year Comparison

2024 2023 Change
Revenue $351,397 $348,925 +0.0%
Expenses $354,703 $499,345 -0.3%
Net Income $-3,306 $-150,420 -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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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan Congdon President & Dir 1.00
Officer Director
$0 $0 $0
Rebecca Halliday Congdon Sec / Tres 1.00
Officer Director
$0 $0 $0
Pedro Marti Director 1.00
Officer 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 $351,397 $354,703 $10,767 $-3,306
2023 $348,925 $499,345 $14,073 $-150,420
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