Iesa Foundation: Nonprofit Profile, Financials & Form 990 (EIN 13-3651419)

Revenue by fiscal year
FY2020	$236K
FY2021	$237K
FY2022	$256K
FY2023	$482K
FY2024	$699K

Expenses by fiscal year
FY2020	$230K
FY2021	$281K
FY2022	$525K
FY2023	$441K
FY2024	$429K

Net assets by fiscal year
FY2020	$1.1M
FY2021	$1.1M
FY2022	$831K
FY2023	$872K
FY2024	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $429K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Frank F Briceno

Director

$0Pt VII · Sec A

Oscar Augusto Machado

Chairman & Director

$0Pt VII · Sec A

Ana Cristina Massa

Director

$0Pt VII · Sec A

Gustavo P Roosen

President & Director

$0Pt VII · Sec A

Maria Isabel Ginand

Director

$0Pt VII · Sec A

See Iesa Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds graduate business school programs and activities in Venezuela.

Questions for Iesa Foundation

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1 program · $429K · in their own filed words · FY2024

01

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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3651419) · Dispute this line

$429Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Network for Good INCFY2024$20K

Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$699K

Ln 12

Other incomeLn 4–11$322K

Gifts and grantsLn 1h$313K

Investment incomeLn 3$63K

Money outPt IX

$429K

Ln 25

Programscol B$429K

Owns and owesPt X

$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.0M

Total assetsLn 16$2.8M

LiabilitiesLn 26$1.6M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$313K

Investment incomeLn 3$63K

Other incomeLn 4–11$322K

Total revenueLn 12$699K

Assets in detailPt X, end of year

CashLn 1$258K

SavingsLn 2$1.8M

Cash and savings togetherLn 1–2$2.0M

Accounts receivableLn 4$748K

Prepaid expenses and deferred chargesLn 9$2K

Total assetsLn 16$2.8M

LiabilitiesLn 26$1.6M

Net assetsLn 32$1.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

Abroad and in kindSch F, M

Grants to other countriesSch F Pt II–III$281K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.9M	$2.0M
Total assetsLn 16	$2.6M	$2.8M
LiabilitiesLn 26	$1.7M	$1.6M
Net assetsLn 32	$872K	$1.1M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants and assistance to foreign recipientsLn 3	$281K	$281K
Legal feesLn 11b	$63K	$63K
Accounting feesLn 11c	$5K	$5K
Office expensesLn 13	$1K	$1K
InterestLn 20	$78K	$78K
Total functional expensesLn 25	$429K	$429K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025	$699K	$429K	$270K	$1.1M	990 PDF
FY2023Filed with the IRS Nov 12, 2024	$482K	$441K	$41K	$872K	990 PDF
FY2022Filed with the IRS Nov 13, 2023	$256K	$525K	−$269K	$831K	990 PDF
FY2021Filed with the IRS Aug 16, 2022	$237K	$281K	−$44K	$1.1M	990 PDF
FY2020Filed with the IRS Nov 9, 2021	$236K	$230K	$5K	$1.1M	990 PDF

Schedules filed Part IV

A · Public support F · Foreign I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $698,607 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $392,843$312,729

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $60,243$63,415

I-11 Other revenuePrior year $29,215$322,463

I-12 Total revenuePrior year $482,301$698,607

I-13 Grants and similar amounts paidPrior year $353,558$281,456

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $87,502$147,616

I-18 Total expensesPrior year $441,060$429,072

I-19 Revenue less expensesPrior year $41,241$269,535

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $698,607 across 5 lines filed

VIII-1f All other contributions, gifts and grants$312,729

VIII-1h Total contributions, gifts and grants$312,729

VIII-3 Investment incomeExcluded from tax $63,415$63,415

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $322,463$322,463

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $385,878$698,607

Part IX · Statement of functional expenses $429,072 across 5 lines filed

IX-3 Grants and assistance to foreign recipientsPrograms $281,456$281,456

IX-11b Legal feesPrograms $63,327$63,327

IX-11c Accounting feesPrograms $4,800$4,800

IX-13 Office expensesPrograms $1,306$1,306

IX-20 InterestPrograms $78,183$78,183

IX-25 Total functional expensesPrograms $429,072 · Management $0 · Fundraising $0$429,072

Part X · Balance sheet $2,780,403 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $149,154$258,493

X-2 Savings and temporary cash investmentsStart of year $1,703,936$1,772,660

X-4 Accounts receivableStart of year $745,726$747,726

X-9 Prepaid expenses and deferred chargesStart of year $0$1,524

X-16 Total assetsStart of year $2,598,816$2,780,403

X-18 Grants payableStart of year $293,915$364,304

X-25 Other liabilitiesStart of year $1,433,118$1,274,781

X-26 Total liabilitiesStart of year $1,727,033$1,639,085

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $871,783$1,141,318

X-32 Total net assets or fund balancesStart of year $871,783$1,141,318

X-33 Total liabilities and net assetsStart of year $2,598,816$2,780,403

Part XI · Reconciliation of net assets $1,141,318 net assets at year end

XI-1 Total revenue$698,607

XI-2 Total expenses$429,072

XI-3 Revenue less expenses$269,535

XI-4 Net assets at start of year$871,783

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,141,318

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Iesa Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Iesa Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV