Civic Intelligence

Udem Foundation

990 • Fiscal year 2019 • EIN 52-2272401

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 10, 2020

Organization ProfileN/A
3248 Prospect Street NWWashington, DC 20007

(202) 965-3983

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-87%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,345,090

Up $448,749 (+12%) from 2018

Net Assets

Up

$4,345,090

Up $448,749 (+12%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin97th percentile

Revenue

Down

$284,453

Down $1,851,141 (-87%) from 2018

Expenses

Down

$45,916

Down $15,213 (-25%) from 2018

Net Income

Down

$238,537

Down $1,835,928 (-89%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $75Liabilities 2011: $02011Assets 2012: $188Liabilities 2012: $0Net Assets 2012: $1882012Assets 2013: $108Liabilities 2013: $0Net Assets 2013: $1082013Assets 2014: $68Liabilities 2014: $0Net Assets 2014: $682014Assets 2015: $68Liabilities 2015: $0Net Assets 2015: $682015Assets 2016: $63Liabilities 2016: $0Net Assets 2016: $632016Assets 2017: $2,000,070Liabilities 2017: $0Net Assets 2017: $2,000,0702017Assets 2018: $3,896,341Liabilities 2018: $0Net Assets 2018: $3,896,3412018Assets 2019: $4,345,090Liabilities 2019: $0Net Assets 2019: $4,345,0902019Assets 2020: $4,386,297Liabilities 2020: $0Net Assets 2020: $4,386,2972020Assets 2021: $4,606,237Liabilities 2021: $0Net Assets 2021: $4,606,2372021Assets 2022: $4,138,228Liabilities 2022: $0Net Assets 2022: $4,138,2282022Assets 2023: $4,420,507Liabilities 2023: $0Net Assets 2023: $4,420,5072023Assets 2024: $4,758,666Liabilities 2024: $0Net Assets 2024: $4,758,6662024

Highlighted filing

2019

Assets$4,345,090
Liabilities$0
Net Assets$4,345,090
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,100Expenses 2011: $1,216Net Income 2011: -$1162011Revenue 2012: $200,275Expenses 2012: $200,162Net Income 2012: $1132012Revenue 2013: $250Expenses 2013: $330Net Income 2013: -$802013Revenue 2014: $32,220Expenses 2014: $32,260Net Income 2014: -$402014Revenue 2015: $25,300Expenses 2015: $25,300Net Income 2015: $02015Revenue 2016: $32,215Expenses 2016: $32,220Net Income 2016: -$52016Revenue 2017: $2,080,408Expenses 2017: $80,401Net Income 2017: $2,000,0072017Revenue 2018: $2,135,594Expenses 2018: $61,129Net Income 2018: $2,074,4652018Revenue 2019: $284,453Expenses 2019: $45,916Net Income 2019: $238,5372019Revenue 2020: $39,270Expenses 2020: $64,263Net Income 2020: -$24,9932020Revenue 2021: $137,575Expenses 2021: $69,488Net Income 2021: $68,0872021Revenue 2022: -$216,483Expenses 2022: $257,613Net Income 2022: -$474,0962022Revenue 2023: $149,285Expenses 2023: $200,353Net Income 2023: -$51,0682023Revenue 2024: $169,647Expenses 2024: $54,273Net Income 2024: $115,3742024

Highlighted filing

2019

Revenue$284,453
Expenses$45,916
Net Income$238,537
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 10, 2020
Return Version
2019v5.0
Gross Receipts
$284,453
Mission and Program Overview

Mission

The corporation shall be organized and operate exclusively to benefit, perform, and carry out the charitable, scientific, literary or educational purposes of the university of monterrey, mexico. It will provide information about and promote interest in the educational programs and resources within the university of monterrey and promote continuing relationships of loyalty and support for the university among its former students and friends and residents in the united states. It will also encourage individuals, corporations and charitable entities to become involved in and to provide financial and other support for education, teaching and research within the university of monterrey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,841,458$4,211,811▲ $370,353
Cash and Non-Interest-Bearing Accounts$54,883$133,279▲ $78,396
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,896,341$4,345,090▲ $448,749
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,896,341$4,345,090▲ $448,749
Total Net Assets Fund Balance$3,896,341$4,345,090▲ $448,749
Total Liabilities and Net Assets / Fund Balance$3,896,341$4,345,090▲ $448,749
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Victor Zorrilla VargasPresident
Alvaro Fernandez GarzaVice President
Luis Agustin Landa Garcia-tellDirector
Luis Rolando Miranda GarciaDirector
Thomas J ScanlonExecutive Direc
Carlos De La Garza SantosSecretary
Antoinio Jose Dieck AssadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,080
Program Service Revenue
$0
Investment Income
$264,373
Other Revenue
$0
All Other Contributions
$20,080
Change in Net Assets
$238,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,656
Grants and Similar Amounts Paid$18,260
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$18,260--$18,260
Other Expenses$22,531$3,375-$3,375
Fees for Services Accounting$1,750--$1,750
Total Functional Expenses$42,541$3,375$0$45,916
International Activity

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is reviewed by the executive director prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents are available at the foundation's office.”

Filing and Contact Details

Filer

Filer Name
Udem Foundation
EIN
52-2272401
Phone
2029653983
Address
3248 PROSPECT STREET NW, WASHINGTON, DC 20007

Signing Officer

Name
Thomas J Scanlon
Title
Executive Direc
Signed
2020-06-10
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Michael a Barbetti CPA LLC
Address
1421 East Drinker Street, Dunmore, PA 18512
Preparer
Michael a Barbetti CPA
Phone
5703462057
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Unrealized gain on investments = $210212”

Raw XML Appendix387 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020080
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02064857
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02080408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032215
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04222860
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0264373
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt060574
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0324947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0264373
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt060574
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0324947
IRS990ScheduleA/InvestmentIncomeCYPct00.07150
IRS990ScheduleA/InvestmentIncomePYPct00.01410
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92850
IRS990ScheduleA/PublicSupportPY509Pct00.98590
IRS990ScheduleA/PublicSupportTotal509Amt04222860
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt020080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02064857
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02080408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt032215
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt025300
IRS990ScheduleA/Total509Grp/TotalAmt04222860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0284453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02125431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02080408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt032215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt025300
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04547807
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt018260
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROMOTE EDUCATION
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0MEXICO
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE AT THE FOUNDATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED GAIN ON INVESTMENTS = $210212
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03896341
IRS990/TotalAssetsEOYAmt04345090
IRS990/TotalAssetsGrp/BOYAmt03896341
IRS990/TotalAssetsGrp/EOYAmt04345090
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020080
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03375
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt042541
IRS990/TotalFunctionalExpensesGrp/TotalAmt045916
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03896341
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04345090
IRS990/TotalProgramServiceExpensesAmt042541
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0264373
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0284453
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03896341
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04345090
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03248 PROSPECT STREET NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd0200073214
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS J SCANLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UDEM FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0UDEM
ReturnHeader/Filer/EIN0522272401
ReturnHeader/Filer/PhoneNum02029653983
ReturnHeader/Filer/USAddress/AddressLine1Txt03248 PROSPECT STREET NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020007
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272871459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL A BARBETTI CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01421 East Drinker Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Dunmore
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018512
ReturnHeader/PreparerPersonGrp/PhoneNum05703462057
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A BARBETTI CPA
ReturnHeader/ReturnTs02020-06-10T06:28:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,345,090
Liabilities
$0
Net assets
$4,345,090
Revenue
$284,453
Expenses
$45,916
Net income
$238,537
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.76$0.00$4.76$0.17$0.05$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.42$0.15$0.20$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$0.22$0.26$0.47
2021Detailed filing. Detailed filing data is available for this year.$4.61$0.00$4.61$0.14$0.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$0.04$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$4.35$0.00$4.35$0.28$0.05$0.24
2018Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$2.14$0.06$2.07
2017Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$2.08$0.08$2.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$0.03$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$0.03$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$0.03$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.20$0.20$0.00
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00