Nonprofit · EIN 82-5003404
UP - IPADE FOUNDATION INC
Tax-exempt · SAN DIEGO, CA 92101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,354,044 | $3,319,156 | $34,888 | $79,803 | $0 | $79,803 |
| December 31, 2024 | 990 | $3,108,223 | $4,112,656 | -$1,004,433 | $50,795 | $5,880 | $44,915 |
| December 31, 2023 | 990 | $1,070,604 | $72,064 | $998,540 | $1,049,348 | $0 | $1,049,348 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,354,040
- Program service revenue
- $0
- Investment income
- $4
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,042,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $194,000
- Accounting fees
- $82,150
- Program services (functional)
- $3,042,000
- Management and general (functional)
- $83,156
- Fundraising (functional)
- $194,000
Balance sheet and other
- Total assets, start of year
- $50,795
- Total assets, end of year
- $79,803
- Total liabilities, end of year
- $0
- Net assets, end of year
- $79,803
- Net assets without donor restrictions
- $79,803
- Gross unrelated business income
- $4
- Gross receipts
- $3,354,044
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dra Fernanda Llergo Bay | President of the Board Institutional trustee | 40 | $0 |
| Ana Isabel Cardona Sarmiento | Vice-President of the Board Institutional trustee | 40 | $0 |
| Alfredo Partida Araujo | Secretary Institutional trustee | 40 | $0 |
| Lorenzo Fernandez Alonso | Treasurer Institutional trustee | 40 | $0 |
| Dr Santiago Garcia Alvarez | Chairperson Institutional trustee | 40 | $0 |
| Dr Jose Antonio Esquivias Romero | Chairperson Institutional trustee | 40 | $0 |
| Dr Gabriel Dominguez Garcia Villalo | Chairperson Institutional trustee | 40 | $0 |
| Carlos Ignaci Olin Bonilla | Chairperson Institutional trustee | 40 | $0 |
| Vidal Espinosa | CFO Institutional trustee | 40 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dra Fernanda Llergo Bay | President of the Board Institutional trustee | 40 | $0 |
| Ana Isabel Cardona Sarmiento | Vice-President of the Board Institutional trustee | 40 | $0 |
| Alfredo Partida Araujo | Secretary Institutional trustee | 40 | $0 |
| Lorenzo Fernandez Alonso | Treasurer Institutional trustee | 40 | $0 |
| Dr Santiago Garcia Alvarez | Chairperson Institutional trustee | 40 | $0 |
| Dr Jose Antonio Esquivias Romero | Chairperson Institutional trustee | 40 | $0 |
| Dr Gabriel Dominguez Garcia Villalo | Chairperson Institutional trustee | 40 | $0 |
| Carlos Ignaci Olin Bonilla | Chairperson Institutional trustee | 40 | $0 |
| Vidal Esipnosa | CFO Institutional trustee | 40 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dra Fernanda Llergo Bay | President of the Board Institutional trustee | 40 | $0 |
| Ana Isabel Cardona Sarmiento | Vice-President of the Board Institutional trustee | 40 | $0 |
| Alfredo Partida Araujo | Secretary Institutional trustee | 40 | $0 |
| Lorenzo Fernandez Alonso | Treasurer Institutional trustee | 40 | $0 |
| Dr Santiago Garcia Alvarez | Chairperson Institutional trustee | 40 | $0 |
| Dr Jose Antonio Esquivias Romero | Chairperson Institutional trustee | 40 | $0 |
| Dr Gabriel Dominguez Garcia Villalo | Chairperson Institutional trustee | 40 | $0 |
| Carlos Ignaci Olin Bonilla | Chairperson Institutional trustee | 40 | $0 |
| Vidal Esipnosa | CFO Institutional trustee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1041 MARKET STREET SUITE 165, SAN DIEGO, CA 92101-7233
- In care of
- % VIDAL ESPINOSA
- Principal officer (990 for 2025)
- Vidal Espinosa, c/o Invictus Advisors, 1041 Market Street suite 165, San Diego, CA 92101
- Signed the 990
- Vidal Espinosa, CFO
- Phone
- (619) 677-6512
- 990-N for 2018 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Vidal Espinosa, 1041 Market Street suite 165, San Diego CA 92101. Mailing address: 1041 Market Street suite 165, San Diego CA 92101.
California records
California keeps its own records of charities and corporations. Search them by EIN 82-5003404 or by the name UP - IPADE FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
During the tax year, the organization funded Phase 1 of a university campus development project in Mexico through a structured grantmaking process. Funds were disbursed pursuant to written agreements requiring the recipient to use funds exclusively for charitable and educational purposes consistent with Section 501(c)(3). The organization maintained expenditure responsibility, including pre-grant due diligence, milestone-based disbursements, and ongoing monitoring through financial and operational reporting. The organization does not retain ownership of constructed assets and does not receive any private benefit or economic return from funded projects. The organization does not retain any ownership interest in funded projects and does not receive any economic or private benefit from its activities
Program accomplishments
- Funded Phase 1 construction of a university campus in Mexico, supporting infrastructure development for higher education serving approximately 5000 students upon completionExpenses $3,042,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-5003404
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $79,803
- Income (IRS master file)
- $3,354,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,354,044 | $3,319,156 | $79,803 | IRS |
| 990 | December 2024 | $3,108,223 | $4,112,656 | $50,795 | XML |
| 990 | December 2023 | $1,070,604 | $72,064 | $1,049,348 | XML |
| 990 | December 2022 | $92,612 | $93,365 | $50,808 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Vidal Espinosa Filed under this EIN, most likely by a chapter or affiliate | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-5003404).
Questions about UP - IPADE FOUNDATION INC
- What is the EIN of UP - IPADE FOUNDATION INC?
- The employer identification number (EIN) of UP - IPADE FOUNDATION INC is 82-5003404.
- Is UP - IPADE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to UP - IPADE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UP - IPADE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UP - IPADE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UP - IPADE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of UP - IPADE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Vidal Espinosa.
- Who are the officers and directors of UP - IPADE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does UP - IPADE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,354,044, expenses of $3,319,156 and total assets of $79,803 at year end.
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