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Maryland · Nonprofit

FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA

FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA (Maryland) receives grants from 5 organizations whose IRS filings report $1,140,586 to it, the largest being NETWORK FOR GOOD ($977,678). 3 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$3.4M
Funders on record
5
Grants received
$1.1M
Net assets
$13M
3/5 repeat funderspeak grant-dependency 11%
01What it does

What Foundation for Management Education in Central America does

Mission

To support management education in central america, primarily by providing scholarship support for mba students at incae business school, which has campuses in costa rica and panama.

As stated on its FY2025 Form 990.

Program

  1. Grantmaking: to provide scholarships to students at incae business school involved in management education in central america.

    $3,311,598 spentof which $3,232,398 as grants
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $3,311,598.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.0M) Expenses 100 ($1.6M) Net assets 100 ($9.2M)2018 Revenue 110 ($2.2M) Expenses 135 ($2.2M) Net assets 89 ($8.1M)2019 Revenue 77 ($1.6M) Expenses 105 ($1.7M) Net assets 104 ($9.5M)2020 Revenue 201 ($4.0M) Expenses 134 ($2.2M) Net assets 107 ($9.9M)2021 Revenue 118 ($2.4M) Expenses 164 ($2.6M) Net assets 123 ($11M)2022 Revenue 149 ($3.0M) Expenses 144 ($2.3M) Net assets 104 ($9.5M)2023 Revenue 125 ($2.5M) Expenses 194 ($3.1M) Net assets 117 ($11M)2024 Revenue 133 ($2.7M) Expenses 221 ($3.6M) Net assets 127 ($12M)2025 Revenue 169 ($3.4M) Expenses 209 ($3.4M) Net assets 142 ($13M)
'17'18'19'20'21'22'23'24'25
Revenue (169)Expenses (209)Net assets (142)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $12M to $9.8M (−15%).

$9.4M
$8.4M
$9.8M
$10M
$12M
$9.8M
$11M
$12M
$13M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 42% · 2022 0% · 2023 15% · 2024 13% · 2025 3%. Grants only. Government contracts and fees sit inside program revenue.

91% of FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA’s revenue is contributions — about as donation-reliant as the typical peer (97% for the typical peer).

This organization
Typical peer · 1,679 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$399k
’17
$37k
’18
−$138k
’19
$1.9M
’20
−$261k
’21
$673k
’22
−$625k
’23
−$905k
’24
$19k
’25
1.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed111111111212121415
Joined·+0+1+0+2+0+0+2+1
No longer listed·01010000
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income fell $189k → $68k.

4 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 98% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA leans on a few funders — its largest provides 86% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA.

86%
largest funder
98%
top three
~1
effective funders

Largest funder’s share by year: 2017 89% · 2018 92% · 2019 100% · 2020 100% · 2021 99% · 2022 87% · 2023 78% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

98% of FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $20k that is directly attributable, 100% of it comes from funders outside Maryland, across 1 state.

CO

Funder states come from each funder’s own filing. $1.1M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA's revenue grew 69% between 2017 and 2025.

Operating margin1% · below the median
Months of reserve1.4mo · bottom quartile
Revenue growth (annualized)7% · below the median

this organization peer median middle 50% of peers· 718 international nonprofits $1M–$10M, FY2025

Government funding FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.6M on record.

Federal$1.6M
grants $1.6Mcontracts $0
20
21
23
Top agencies
  • Agency for International Development$1.6M
  • Department of State$48k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

98% of spending goes to programs.

Program 98%Management 2%Fundraising 0%

Governance

13
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

59%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MD

Screen this organization

A dated, signed PDF of the compliance screen for FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA?
FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA (Maryland) receives grants from 5 organizations whose IRS filings report $1,140,586 to it, the largest being NETWORK FOR GOOD ($977,678). 3 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA have?
IRS filings report 5 organizations giving $1,140,586 in grants to FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA, 3 of which have funded it in more than one year.
Who is the largest funder of FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA?
NETWORK FOR GOOD is the largest funder on record, with $977,678 in grants. The full list of funders is on this page.
How can an organization like FOUNDATION FOR MANAGEMENT EDUCATION IN CENTRAL AMERICA find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Foundation for Management Education in Central America →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing