2026-01-31T07:51:19-06:00 2025-03-31 SMITH & ELKIN CPA'S PA 4601 MILITARY TRAIL SUITE 201 JUPITER FL 33458 990EZ 2024-04-01 821435813 NOVO MUNDO FOUNDATION C/O GRUSS & CO LLC % DAVID ZISLIN - C/O GRUSS & C NOVO 2126881501 40 WEST 57TH STREET 1440 NEW YORK NY 100194001 DAVID ZISLIN DIRECTOR 5615156456 2026-01-28 true SCOTT E ELKIN P00087099 5617752134 2024 2025-03-06 01:10:19Z X X X 6449 X 6443 6 0 0 0 0 0 0 6449 0 5225 1949 7174 -725 1447 722 X 3244 4659 0 0 13779 12248 17023 16907 15576 16185 1447 722 NOVO MUNDO FOUNDATION MISSION IS TO OPERATE TO SUPPORT AND PROMOTE PRE-COLLEGE EDUCATION, INCLUDING THROUGH THE FUNDING OF TUITION AND RELATED COSTS FOR NEEDY BUT DESERVING STUDENTS, THROUGHOUT THE WORLD AND PARTICULARLY IN COSTA RICA; AND TO GRANT FUNDS TO HELP COMPENSATE SCHOOL TEACHERS AND STAFF AND TO PROVIDE EDUCATIONAL SUPPLIES TO SCHOOLS, PARTICULARLY TEACHERS, STAFF, AND SCHOOLS IN COSTA RICA. THE FOUNDATION WAS INCORPORATED TO FUND TUITION AND RELATED COSTS FOR NEEDY AND DESERVING STUDENTS, THROUGHOUT THE WORLD AND PARTICULARLY IN COSTA RICA. AMANDA I GRUSS FOUNDING MEMBER 5.0 0 0 0 BHASH LALTA DIRECTOR 0.0 0 0 0 DAVID P ZISLIN DIRECTOR 0.0 0 0 0 false false false false false false false false false NY DAVID ZISLIN - CO GRUSS CO 40 WEST 57TH STREET SUITE 1440 NEW YORK NY 100194001 5615156456 false false false false false false false false false false true X 27025 6000 34231 1797 6443 75496 0 0 27025 6000 34231 1797 6443 75496 58450 17046 0 0 0 75496 0.22579 0.22268 X In applying the facts and circumstances test, the Novo Mundo Foundation (the "Foundation") is a publicly supported charity because its public support exceeds the 10% minimum requirement and the Foundation maintains a bona fide program for solicitation of funds. Although the Foundation's ultimate goal is to support the tuition and related costs of pre-college education incurred by needy students around the world, the Foundation's particular focus is on schools in Costa Rica. The Foundation's initial activities have therefore focused on building scholarship and general support for Casa de Las Estrellas, a nonprofit school located in Nosara, Costa Rica. Fundraising efforts have been aimed at soliciting donations from United States citizens residing in Costa Rica with connections to the school, as well as from those members of the general public who are currently aware of the Foundation's broader mission. Fundraising has thus far included word-of-mouth solicitations by the founders and directors of the Foundation and informal fundraising events for potential donors, but the Foundation is in the process of building out its fundraising program. Planned additional fundraising activities include a written fundraising campaign focused on past supporters, as well as other individuals with connections to the school and broader Costa Rican educational and cultural community, together with more formal fundraising events. Grant proposals will also be sent to foundations and public charities that support the education of needy children beyond the borders of the United States. Additionally, the Foundation is a publicly supported charity because it receives a significant amount of its support from the general public. (The Foundation's public support is 22.6% for the current five-year testing period). The Foundation expects this number to increase when certain large start-up donations from its initial supporters (which donations are capped at 2% of total support) are no longer included in the five-year testing period for the 33.3% public support test. Despite the relatively narrow scope of activities the Foundation has been able to undertake thus far (which has understandably had the effect of limiting the range of interested donors), the Foundation has begun receiving donations from a greater number of unrelated donors as a result of its evolving and improving fundraising efforts. The Foundation's two most recent fiscal years have experienced the greatest number of donations from unrelated donors so far, and the Foundation expects this trend to continue. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990EZ PART I LINE 16 Description:AMORTIZATION Amount:1531 FORM 990EZ PART I LINE 16 Description:LICENSES AND FEES Amount:384 FORM 990EZ PART I LINE 16 Description:BANK FEES Amount:34 FORM 990EZ PART II LINE 24 Description:ORGANIZATIONAL COSTS, NET BOY Amount:13779 EOY Amount:12248 FORM 990EZ PART II LINE 26 Description:DUE TO GRUSS & CO., LLC BOY Amount:15576 EOY Amount:16185