2026-05-30T15:40:11Z 2025-12-31 990EZ 2025-01-01 831285267 1931 FOUNDATION 1931 4438030150 9322 3rd Avenue Ste 412 Brooklyn NY 11209 Carlos Famadas Chairman 4438030150 2026-05-30 2025 2025-03-06 01:10:19Z X X www.1931foundation.org X X 68978 X 68978 0 0 0 0 0 0 68978 37191 22952 60143 8835 48085 56920 X 48085 56920 0 0 0 0 48085 56920 0 0 48085 56920 The 1931 Foundation is dedicated to supporting the Hispanic community via educational scholarships, financial aid for emergency needs, and support for community organizations. Annual Golf Outing raising funds for pancreatic research with donations to Lustgarten Foundation and families with children affected by sudden loss of parent via the 1931 Omega Fund. 12207 22474 FIA Merit scholarships to campus leaders 2000 2000 Grant to National Hispanic Institute for development of young latino students 6800 6800 31274 Francisco Lugo Secretary 4.00 0 0 0 Adam Ortiz Trustee 1.00 0 0 0 Chris Gale Trustee 1.00 0 0 0 Carlos Famadas Chairman 4.00 0 0 0 Dennis Camacho Treasurer 1.00 0 0 0 Jaosn Nicolau Trustee 1.00 0 0 0 Raul de la Rosa Trustee 1.00 0 0 0 false false false false false 0 false false 0 0 0 false 0 0 false Francisco Lugo 9322 3rd Avenue Ste 412 Brooklyn NY 11209 9374228100 false false false false false false false false false false false false NONE 0 NONE 0 true X 0 0 0 0 28065 42946 48487 60746 68978 249222 28065 42946 48487 60746 68978 249222 249222 249222 249222 1.00000 1.00000 X X Part I, Line 10 The 1931 Foundation provided grants to chapters of Phi Iota Alpha, emergency relief funds to individuals impacted by a fire and health issues, awarded a STEM scholarship. Part I, Line 16 The 1931 Foundation incurred a total of $22,952 in "Other Expenses" during the tax year. These costs were necessary to execute our core educational, cultural, and leadership initiatives, as well as to maintain compliant operational governance. There were administrative expenses to cover educational events, program materials, software fees, bank fees and government filings. Part II, Line 24 Change in net assets is due to increased fundraising and timing of program disbursements. Part II, Line 26 As of the close of the tax year, the organization carried no outstanding vendor payables, short-term or long-term debt obligations, deferred revenue, or other liabilities. The reported balance of $0 accurately reflects that all program and administrative obligations incurred during the fiscal period were fully liquidated prior to the period-end close. The delay in filing our Form 990 was due to unexpected administrative challenges with a lean staff and reconciling donations and financials. The organization acted in good faith to ensure compliance and complete transparency.