Overview
What is Foundation For Management Education In Central America?
The Foundation for Management Education in Central America, also known as the INCAE Foundation, is a nonprofit organization situated in Glen Echo, Maryland. Its primary mission is to support management education in Central America by providing scholarships to students at INCAE Business School and other institutions involved in this field. The foundation aims to make grants to promote education in this sector, with a particular focus on funding scholarships for MBA students at INCAE's campuses in Costa Rica and Nicaragua. The foundation's purpose is to strengthen the management education landscape in Central America, thereby contributing to the region's economic growth and development.
Official website here: www.theincaefoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Foundation For Management Education In Central America has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 97% in this category, the organization demonstrates efficient financial management practices and transparency, which are critical for fostering trust among donors and stakeholders.
One of the notable strengths of this nonprofit is its governance structure, featuring a fully independent board comprising 11 members, which allows for unbiased oversight. Additionally, the foundation has established robust policies such as a whistleblower policy and a conflict of interest policy, further enhancing its accountability. Financial indicators are also strong, with a high program expense ratio of 98.23%, indicating that the vast majority of funds are directly invested in its programs.
Despite its strong performance, the summary does not indicate specific challenges or limitations faced by the organization. Overall, the Foundation For Management Education In Central America stands out for its fiscal responsibility and effective governance, making it a reliable choice for potential donors looking to support impactful initiatives in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Management Education In Central America legitimate?
Foundation For Management Education In Central America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Management Education In Central America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.theincaefoundation.org
What is the mission statement of Foundation For Management Education In Central America?
The Foundation For Management Education In Central America is committed to supporting management education in the region. Primarily, they achieve this by providing scholarship assistance to students pursuing MBA degrees at INCAE Business School, which has campuses in Costa Rica and Nicaragua. The foundation carries out its grantmaking activities by offering scholarships to students at various management education institutions in Central America. By doing so, the foundation aims to contribute to the development of future leaders in the field of management.
Official website here: www.theincaefoundation.org
Who is the CEO of Foundation For Management Education In Central America?
George Logan is the President of Foundation For Management Education In Central America.
Official website here: www.theincaefoundation.org
What is the revenue of Foundation For Management Education In Central America?
Foundation For Management Education In Central America's revenue in 2022 was $3,006,288.
Official website here: www.theincaefoundation.org
Who are the executives of Foundation For Management Education In Central America and what are their salaries?
There 11 volunteers at Foundation For Management Education In Central America.
Here are 12 key members and their salaries:
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Official website here: www.theincaefoundation.org
Where can I find the form 990 for Foundation For Management Education In Central America?
Foundation For Management Education In Central America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theincaefoundation.org
Learn more at the official website: www.theincaefoundation.org
Mission Statement of Foundation For Management Education In Central America
The Foundation for Management Education in Central America, often abbreviated as FMECA, is dedicated to supporting management education in the Central American region. This nonprofit organization primarily achieves this goal by providing scholarship assistance to MBA students enrolled at INCAE Business School, which has campuses in both Costa Rica and Nicaragua. FMECA's grantmaking activities extend beyond INCAE, also offering scholarships to students pursuing management education at other institutions in Central America. In essence, FMECA's mission is to foster the growth of management education and leadership in Central America, thereby contributing to the region's economic and social development.
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Impact
July, 2024
The Foundation For Management Education In Central America has a significant impact on management education in Central America. Through its grantmaking activities, the foundation provides scholarships to students at the INCAE Business School and other educational institutions involved in management education in the region. By supporting MBA students primarily at INCAE Business School, which has campuses in Costa Rica and Nicaragua, the foundation contributes to the development of skilled professionals in the field of management in Central America. This support helps to enhance the quality of management education in the region and ultimately contributes to the economic and social development of Central American countries.
This information is meant to be a general summary of Foundation For Management Education In Central America. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $873,332
- Gross Receipts: $5,180,560
Assets and Liabilities:
- Total Assets: $9,793,844
- Total Liabilities: $258,000
- Net Assets: $9,535,844
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Organization Details
Founding Year
1980
Phone
(301) 320-0680Principal Officer
George Logan
Main Address
PO BOX 639, GLEN ECHO, MD, 20812
Website
www.theincaefoundation.orgNTEE Category
Code: Q300 - International
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