2024-11-12T18:52:39-06:00 2023-12-31 AFC Sabana Business Center 9th Floor San Jose San Jose CS 990 2023-01-01 311677871 Fundacion Costa Rica - Estados Unidos de America Para La Cooperacion FUND 50622465656 Meridiano Office Center 4th Floor Escazu San Jose CS 12229-1000 Gisela Sanchez President 50622465656 2024-11-02 1 0 Mitchell J Bardack P01084211 8552323385 X 2023 2024-10-15 13:58:12Z Gisela Sanchez Meridiano Office Center 4th Floor Escazu San Jose CS 12229-1000 724353 0 X www.crusa.cr X 1996 CS The Main Objective of Fundacion Costa Rica-Estados Unidos de America para la Cooperacion (CR-USA Foundation) is to Promote and Support Sustainable Development through Technical Cooperation, Training and Technology Transfers between the United States of America and Costa Rica, as well as to Provide the Government of Costa Rica with Access to Specialized Assistance Necessary for On-Going Improvement of its Policies, Structure and Systems for Rendering Public Services. 5 5 0 0 12637 0 0 0 0 0 980447 336933 178326 295569 1158773 632502 2477067 1981463 0 0 804951 915210 0 0 0 438076 489478 3720094 3386151 -2561321 -2753649 71615201 74147035 721098 910970 70894103 73236065 X To promote, encourage and develop the broadest possible cooperation between the peoples and Governments of Costa Rica and the United States of America, in all fields of human endeavor, through the exchange of knowledge, specialized assistance and technical support, for the execution and improvement of policies and programs that lead to sustainable development, and to the mutual and general benefit of both countries. To be an effective facilitator of cooperation mechanisms between the peoples and Governments of Costa Rica and the United States of America, within the context of sustainable development, to improve the quality of life for Costa Rican citizens. 0 0 2700162 1981463 619865 For a Complete List of the Projects Financed by CR-USA Foundation, Please see the Attached Financial Statements - Footnote 13, Page 29. 2700162 1 0 0 0 0 1 0 0 0 0 1 1 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 1 CS 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 1 0 X Flora Montealegre Guillen EXECUTIVE DIRECTOR 8552323385 Meridiano Office Center 4th Floor San Jose San Jose CS 1786-1000 Gisela Sanchez President 1.50 X X 0 0 0 Jessica Garcia Vice-President 1.50 X X 0 0 0 James French Treasurer 1.50 X X 0 0 0 Jose Zaglul Secretary 1.50 X X 0 0 0 Juan Francisco Garcia Milina Vocal 1.50 X X 0 0 0 Flora Montealegre Guillen Executive Director 40.00 X 160000 0 0 160000 0 0 1 0 1 0 0 336933 336933 104488 91851 12637 12637 12637 Reimbursement of Expen 900099 281786 281786 Other Income 900099 1146 1146 282932 632502 619865 12637 0 1981463 1981463 160000 94400 65600 455159 268544 186615 124181 73267 50914 175870 103763 72107 175 0 175 51280 30255 21025 169182 99817 69365 22927 14147 8780 19638 0 19638 1112 0 1112 21503 0 21503 74989 0 74989 15753 9294 6459 Repairs and Maintenance 50277 0 50277 Dues and Subscriptions 17427 10282 7145 Realized Exchange Loss 16200 0 16200 Utilities 15449 9115 6334 13566 5815 7751 3386151 2700162 685989 0 70424 205158 2606172 680104 328495 297420 185941 156663 1958485 1454310 604379 504175 67807329 72290504 12461 13011 71615201 74147035 146440 164001 49743 28332 524915 718637 721098 910970 X 0 0 0 0 70894103 73236065 70894103 73236065 71615201 74147035 X -2753649 2171430 2924181 X 0 1 X 0 0 X 1239958 296873 1139161 492066 1188963 4357021 1239958 296873 1139161 492066 1188963 4357021 4357021 1247909 5996753 6142282 980447 336933 14704324 -26412 48436 48449 16351 12637 99461 722742 459220 442920 161975 282932 2069789 21230595 0.20520 0.20640 X The Interest from Securities Income shown on the return is the main source of income for CR-USA Foundation. This income source for CR-USA Foundation is the interest income received from the initial US-AID endowment that established and capitalized the CR-USA Foundation in 1996. The interest income is generated by the securities held as investments. The current and pending grants disbursed by CR-USA Foundation are funded from the income received from these investments and donor specified contributions received, as listed in this Schedule. The recognition of CR-USA Foundation as an exempt organization described in Section 501(c)(3) was confirmed by the IRS in a letter dated March 23, 2000; a copy of this letter will be made available to the IRS upon request. Schedule A, Part II, Line 10, Explanation of Other Income: Net Realized Foreign Currency Exchange Rate Differences - 2020 Amount: $ 730. 2021 Amount: $ -2076. Net Other Income - 2019 Amount: $ 8596. 2020 Amount: $ 395897. 2021 Amount: $ 317078. 2022 Amount: $ 70262. 2023 Amount: $ 1146. Income for Administration of 3rd Party Funds - 2019 Amount: $ 11953. 2020 Amount: $ 11365. 2021 Amount: $ 9448. 2022 Amount: $ 6925. Reimbursement of Expenses - 2019 Amount: $ 37448. 2020 Amount: $ 51228. 2021 Amount: $ 118470. 2022 Amount: $ 84788. 2023 Amount: $ 281786. Net Income from Renogatiation of International Investment Portofilio - 2019 Amount: $ 664745. 5 1143182 876451 718637 1 1 0 0 1562801 1149266 413535 380391 302660 77731 15293 2384 12909 504175 See Attached Audited F/S, Footnote 6, Page 25 72290504 F 72290504 Third Party Donor Advised Funds (Listed on Sch D, Part 1) 718637 718637 619865 0 619865 12637 12637 632502 3406043 19892 19892 3386151 0 3386151 Part XI, Line 4b - Other Adjustments: Rental Income Included in Audited Financial Statements is Reflected as Gross Rental Income; Income reported in Tax Return Reflects Net Rental INCOME Part XII, Line 2d - Other Adjustments: Rental Capital Income Tax Other Net Expenses Related to Rental Income Part I, Lines 2 - 4: CR-USA Foundation receives specific doner advised financial and other support for specifically approved programs and projects. CR-USA Foundation can only utilize and disburse these funds for the programs that are specifically designated to by the funds doner. 0 Costa Rica - Central America and the Caribbean 1 14 Program Services and Grants to Recipients Located in Costa Rica Provide funding for projects in four areas of interest (Environment, Education, Science, Technology and Strategic Capacity), and work to develop and promote large-scale initiatives, partnerships and support networks. 3406043 1 14 0 0 1 14 3406043 0 3406043 Costa Rica To provide funding for projects in four areas of interest (Environment, Education, Science, Technology and Strategic Capacity), and work to develop and promote large-scale initiatives, partnerships and support networks. 1981463 Cash Payments, electronic funds transfer and issuance of checks 0 N/A Book 9 18 0 0 0 0 0 0 Part I, Line 2: CR-USA implemented an internal process to monitor the use of grant funds though a Grant Agreement that estabilshes the conditions for the presentation of technical and financial reports presented on a semi-annual basis. In addition, an audit of each project is prepared once the project is completed. Part I, line 3: Book 1 X 0 0 0 0 0 0 0 0 0 Flora Montealegre Guillen Executive Director 150000 0 10000 0 0 0 0 0 0 0 160000 0 0 0 Form 990, Part V, line 3b In August 2018, Fundacion CR-USA relocated its corporate office to the current location and a decision was made by the Board of Directors to lease the previous office space that Fundacion CR-USA owns; Ofiplaza del Este, Building B, 2nd Floor. The rental income that Fundacion CR-USA receives is utilized to cover all of the expenses associated with the officespace, and any remaining funds are utilzied for the on-going activities of Fundacion CR-USA and its charitable functions. In addition, as of July 1, 2019, the Costa Rican Tax Administration implemented a change to the Costa Rican Tax Code, and each month, Fundacion CR-USA is required to pay the Rental Capital Income Tax. For 2023, the total Rental Capital Income Tax paid to the Costa Rican government was US$12,428.72. Form 990, Part VI, Section A, line 7a When necessary, the members of the Board of Directors can elect one or more additional members to form a part of the Board of Directors. Form 990, Part VI, Section B, line 11b Management thoroughly reviews Form 990 with the tax return preparer prior to submitting the final version for the Executive Director's signature and filing with the IRS. Form 990, Part VI, Section B, line 15 Starting in 2006, CR-USA engaged PriceWaterhouseCoopers to prepare an analysis to define the salary scale to implement on an annual basis. An additional market analysis was also prepared to determine the current salary structures. Since the preparation of these reports, CR-USA has maintained the salaries according to the current market salaries paid for similar positions and continues to review the market salaries on an annual basis and make the necessary adjustments. Form 990, Part VI, Section C, line 19 CR-USA will make available the governing documents, confilict of interest policy and financial statements upon request by any individual or organization. Form 990, Part VII Contact Addresses for Officers, Directors, Etc Gisela Sanchez - P.O. Box 164-8000, Perez Zeledon, San Jose, COSTA RICA. Jessica Garcia - Santa Ana, San Jose, San Jose, COSTA RICA. James French - Santa Ana, San Jose, San Jose, COSTA RICA. Jose Zaglul - P.O. Box 2257-2050, San Ramon de Tres Rios, Cartago, COSTA RICA. Juan Francisco Garcia Milina - Santa Ana, San Jose, San Jose, COSTA RICA. Flora Montealegre Guillen - Condominio Jardines de Santo Tomas, Apt 124, Heredia, Heredia, COSTA RICA. Form 990, Part XI, line 9: Book-Tax Depreciation Difference - Rental Income -30545. Maintenance Real Net Asset Value 2954726. Amigos of Costa Rica PO Box 748 West Chester PA 19380 311714653 Provide Financial and Other Support for Specific Programs and Projects DE 501(c)(3) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Amigos of Costa Rica Inc C 58237 Fair Market Cash Value