TECHNOLOGY FOUNDATION OF THE AMERICAS INC

Address
2333 PONCE DE LEON BLVD NO 900
CORAL GABLES, FL 33134
Contact
Website: http://www.tfamericas.org
Phone: +1 (305) 375-6000
Nonprofit
NTEE: W99 - Public, Society Benefit - Multipurpose and Other N.E.C.
EIN: 45-5502058

Mission

THE MISSION IS TO HELP ADVANCE THE TECHNOLOGY ECOSYSTEM IN S. FLORIDA BY FOCUSING ON FOUR MAJOR AREASSEE FORM 990, PAGE 2, PART III, LINE 1 (CONTINUED)
 2016201520142012
Basic features of the organization
Year of formation2012
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$296,544.00$620,000.00  
Sum of reportable (W2/1099) compensation$1,082,128.00$442,000.00  
Number of employees3838  
Number of people compensated >$100k52  
Number of volunteers00  
Number of highly compensated contractors00  
Personnel
Anon, David
TitleVP, MARKETING   
Name of key/compensated personDAVID ANON   
Position of compensated person
Highest compensated employees (>$100k)True   
Average hours per week working for org40.00   
Reportable compensation from org$173,077.00   
Breakdown of reportable comp
Base reportable compensation from org$173,077.00   
Bonus and incentive reportable compensation$0.00   
Other reportable compensation from org$0.00   
Retirement and other deferred compensation$0.00   
Nontaxable benefits from org$0.00   
Compensation from org previously reported as deferred$0.00   
Other comp, non-reportable, from org and related orgs$0.00   
Sum of all compensation from org$173,077.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00   
Dosal, Alberto
TitleDIRECTORDIRECTOR  
Name of key/compensated personALBERTO DOSALALBERTO DOSAL  
Position of compensated person
Average hours per week working for org8.008.00  
Reportable compensation from org$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Fonseca, Nelson
TitleDIRECTORDIRECTOR  
Name of key/compensated personNELSON FONSECANELSON FONSECA  
Position of compensated person
Average hours per week working for org10.0010.00  
Reportable compensation from org$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Gonzalez, Xavier
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOR  
Name of key/compensated personXAVIER GONZALEZXAVIER GONZALEZ  
Position of compensated person
Average hours per week working for org40.0040.00  
Reportable compensation from org$257,923.00$165,000.00  
Breakdown of reportable comp
Base reportable compensation from org$257,923.00$165,000.00  
Bonus and incentive reportable compensation$0.00$0.00  
Other reportable compensation from org$0.00$0.00  
Retirement and other deferred compensation$0.00$0.00  
Nontaxable benefits from org$0.00$0.00  
Compensation from org previously reported as deferred$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Sum of all compensation from org$257,923.00$165,000.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Gutierrez, Giraldo
TitleCHIEF OPERATING OFFICERCHIEF OPERATING OFFICER  
Name of key/compensated personGIRALDO GUTIERREZGIRALDO GUTIERREZ  
Position of compensated person
Average hours per week working for org40.0040.00  
Reportable compensation from org$269,339.00$205,000.00  
Breakdown of reportable comp
Base reportable compensation from org$269,339.00$205,000.00  
Bonus and incentive reportable compensation$0.00$0.00  
Other reportable compensation from org$0.00$0.00  
Retirement and other deferred compensation$0.00$0.00  
Nontaxable benefits from org$0.00$0.00  
Compensation from org previously reported as deferred$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Sum of all compensation from org$269,339.00$205,000.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Medina, Manuel
TitleCHAIRMANCHAIRMAN  
Name of key/compensated personMANUEL MEDINAMANUEL MEDINA  
Position of compensated person
Average hours per week working for org10.0010.00  
Reportable compensation from org$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Medina, Melissa
TitleVP, DEVELOPMENT AND PARTNEVP, DEVELOPMENT AND PARTNERSHIPS & DIRECTOR  
Name of key/compensated personMELISSA MEDINAMELISSA MEDINA  
Position of compensated person
Average hours per week working for org40.0040.00  
Reportable compensation from org$83,077.00$72,000.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Rodriguez, Michael
TitleCHIEF EXECUTIVE OFFICERCHIEF EXECUTIVE OFFICER  
Name of key/compensated personMICHAEL RODRIGUEZMICHAEL RODRIGUEZ  
Position of compensated person
Average hours per week working for org40.0040.00  
Reportable compensation from org$148,077.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
de la Rosa, Richard
TitleVP, BUSINESS OPERATIONS   
Name of key/compensated personRICHARD DE LA ROSA   
Position of compensated person
Highest compensated employees (>$100k)True   
Average hours per week working for org40.00   
Reportable compensation from org$150,635.00   
Breakdown of reportable comp
Base reportable compensation from org$150,635.00   
Bonus and incentive reportable compensation$0.00   
Other reportable compensation from org$0.00   
Retirement and other deferred compensation$0.00   
Nontaxable benefits from org$0.00   
Compensation from org previously reported as deferred$0.00   
Other comp, non-reportable, from org and related orgs$0.00   
Sum of all compensation from org$150,635.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesAS FOLLOWS: EDUCATION, EMPLOYMENT BASE, INSTITUTIONAL FUNDING, START-UPS/ENTREPRENEURSHIPAS FOLLOWS: EDUCATION, EMPLOYMENT BASE, INSTITUTIONAL FUNDING, START-UPS/ENTREPRENEURSHIP  
Program service expenses, total$1,363,013.00$5,524,786.00  
Programs, including revenue & expenses
THE PRIMARY FOCUS FOR THE FOUNDATION IS TO ATTRACT THE WORLDS LEADING TECHNOLOGY COMPANIES TO SOUTH FLORIDA TO FOSTER THE DEVELOPMENT OF A TECHNOLOGY HUB OF THE AMERICAS.
Program expenses$1,363,013.00   
Program descriptionTHE PRIMARY FOCUS FOR THE FOUNDATION IS TO ATTRACT THE WORLDS LEADING TECHNOLOGY COMPANIES TO SOUTH FLORIDA TO FOSTER THE DEVELOPMENT OF A TECHNOLOGY HUB OF THE AMERICAS.   
THE PRIMARY FOCUS FOR THE FOUNDATION IS TO PRODUCE EMERGE AMERICAS, A LARGE-SCALE, ANNUAL TECHNOLOGY CONFERENCE THAT ATTRACTS THE WORLD'S LEADING TECHNOLOGY COMPANIES AND LATIN AMERICA'S KEY TO DECISION MAKERS BY FOCUSING ON FOUR MAJOR AREAS OF EDUCATION, EMPLOYMENT BASE, INSTITUTIONAL FUNDING, AND START-UPS/ENTREPRENEURSHIP.
Program expenses $5,524,786.00  
Program description THE PRIMARY FOCUS FOR THE FOUNDATION IS TO PRODUCE EMERGE AMERICAS, A LARGE-SCALE, ANNUAL TECHNOLOGY CONFERENCE THAT ATTRACTS THE WORLD'S LEADING TECHNOLOGY COMPANIES AND LATIN AMERICA'S KEY TO DECISION MAKERS BY FOCUSING ON FOUR MAJOR AREAS OF EDUCATION, EMPLOYMENT BASE, INSTITUTIONAL FUNDING, AND START-UPS/ENTREPRENEURSHIP.  
Financial data
Revenue
Total revenue$8,222,516.00$4,803,021.00  
Revenue from contributions (total)$8,222,516.00$4,803,021.00$3,063,155.00$100,000.00
Investment income, current yr$0.00$0.00  
Total revenue from grants, etc., current yr$8,222,516.00$4,803,021.00  
Total unrelated business revenue$0.00$0.00  
Other revenue, current yr$0.00$0.00  
Net unrelated business taxable revenue$0.00$0.00  
Program service revenue (total) $0.00$0.00$0.00
Gross receipts$8,222,516.00$4,803,021.00  
Sources of contributions
Revenue from gov't grants$249,950.00$250,000.00  
Revenue from all other contributions$7,972,566.00$4,553,021.00  
Other types of revenue
Net rental income $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,223,122.00$7,232,853.00  
Total functional expenses: program service $1,363,013.00$5,524,786.00  
Total functional expenses: management and general$416,472.00$758,914.00  
Total functional expenses: fundraising$443,637.00$949,153.00  
Fees for services
Legal fees (total)$22,047.00   
Fundraising service fees (total)$0.00$0.00  
Assets and liabilities
Total assets$291,479.00$467,521.00$93,258.00$16,210.00
Total assets, beginning of year$467,521.00$93,258.00  
Total liabilities$202,260.00$6,418,339.00$3,544,851.00$25,947.00
Total liabilities, beginning of year$6,418,339.00$3,544,851.00  
Unrestricted net assets, end of yr$89,219.00-$5,950,818.00  
Net assets$89,219.00-$5,950,818.00  
Net assets, beginning of year-$5,950,818.00-$3,451,593.00  
Other liabilities$0.00$5,339,000.00  
Other assets$360.00$360.00  
Cash: non-interest bearing$241,069.00$2,751.00  
Cash: non-interest bearing, beginning of year$2,751.00$54,903.00  
Loans and other payables to key persons$5,000.00$205,675.00  
Other financial variables
Revenue less expenses$5,999,394.00-$2,429,832.00  
Advertising (total)$538,337.00$1,064,338.00  
Accounts receivable, net $409,055.00  
Prepaid expenses & deferred charges $5,355.00  
Accounts payable & accrued expenses$197,260.00$873,664.00  
Total net assets or fund balances$89,219.00-$5,950,818.00  
Governance and accountability
Number of voting members55  
Number of independent voting members55  
Financial sheets audited True  
Audit on consolidated basis True  
Relationships among key personnelTrueTrue  
Discontinued or disposed >25% of net assetsTrue   
Accrual accountingTrueTrue  
Tax year start date2015-07-012014-07-01  
Tax year end date2016-06-012015-06-012014-06-012012-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrue  
Business transaction with entity owner True  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990  
Reason for form submission
Address change True  
Date e-filing submitted2017-09-202016-08-05  
IRS schema version2015v3.02014v6.0  
Filing identifier201731359349311303201611349349304496  
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