2026-05-30T18:15:19Z 2024-12-31 990EZ 2024-01-01 831285267 1931 FOUNDATION 1931 4438030150 9322 3rd Avenue Suite 412 Brooklyn NY 11209 Carlos Famadas Chairman 4438030150 2026-05-30 2024 2025-03-06 01:10:19Z X X www.1931foundation.org X X 60746 X 60746 60746 37521 0 5607 1843 44971 15775 32310 48085 X 32310 48085 0 0 0 0 32310 48085 0 0 32310 48085 The primary exempt purpose of The 1931 Foundation is to foster academic excellence, civic engagement, and leadership development among undergraduate students. The Foundation achieves this by providing merit and need-based scholarships directly to individuals, and by awarding educational grants to exempt organizations and institutions that facilitate leadership training, cultural awareness, and community service initiatives. Nuestra America Initiative raising funds for non-profit organizations serving Latino communities 5526 5526 Merit scholarships for undergraduates in leadership positions 2000 2000 Annual golf outing raising funds for pancreatic research and families impacted by loss of parent. 5800 9818 17344 Carlos Famadas Chairman 4.00 0 0 0 Francisco Lugo Secretary 4.00 0 0 0 Jason Nicolau Trustee 1.00 0 0 0 Adam Ortiz Trustee 1.00 0 0 0 Dennis Camacho Treasurer 1.00 0 0 0 Chris Gale Trustee 1.00 0 0 0 Raul de la Rosa Trustee 1.00 0 0 0 false false false false false false false false false Francisco Lugo 9322 3rd Avenue Ste 412 Brooklyn NY 11209 9874228100 false false false false false false false false false false false false NONE 0 NONE 0 true X 0 0 0 0 13932 28065 42946 48487 60746 194176 13932 28065 42946 48487 60746 194176 194176 194176 X 1.00000 1.00000 Part I, Line 10 The 1931 Foundation distributed a total of $37,000 in grants and educational payouts during the 2024 tax year to advance leadership, academic excellence, and community development. The breakdown of these distributions is as follows: Merit-based and need-based undergraduate academic scholarships distributed directly to students under approved foundation criteria (including the FIAT Scholarship Fund and regional student leadership stipends). Class of Activity: Direct Educational Scholarships. And, Organization grants to National Hispanic Institute, NALFO, and other community organizations. Part I, Line 16 The organization incurred a total of $1,843 in general operations and administrative overhead expenses during the 2024 tax year to sustain foundational infrastructure to cover software, state registrations, and general supplies. Part II, Line 24 The change in the organization's net assets from the beginning of the fiscal period to the end of the fiscal period is entirely attributable to the net surplus/deficit of revenue over expenses generated during the ordinary course of operations. 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. Board leadership operated under the good-faith belief that the volunteer Treasurer had successfully completed and electronically submitted the Form 990 for the 2024 tax year. Due to an internal miscommunication and a lack of a clear administrative handoff, the confirmation of the electronic filing was not verified.