2024-10-22T14:12:53-05:00 2023-12-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2023-01-01 382920639 EARTH University Foundation Inc % WATERS/ORTIZ EART 4049951230 151 Ellis St NE Floor 1 Suite 133 Atlanta GA 30303 ROSS Arnold Chair of Audit Comm. 4049951233 2024-11-15 true true Marc A Azar P91739349 4048746244 2024-11-15 2023 2024-10-15 13:58:12Z watersortiz 151 Ellis St NE Fl 1 STE 133 Atlanta GA 30303 9461885 false X www.earth-usa.org X 1989 DE To provide financial assistance and other support for the education of students attending EARTH University and for EARTH's programs and initiatives in support of that education. 17 17 10 17 0 4937537 5858224 0 0 2417859 1646496 1 1138 7355397 7505858 8542843 7879109 0 0 1222993 1287571 0 0 703332 219277 246537 9985113 9413217 -2629716 -1907359 75390753 81460507 421876 292887 74968877 81167620 X EUF'S PRINCIPAL MISSION IS TO PROVIDE FINANCIAL ASSISTANCE AND OTHER SUPPORT FOR THE EDUCATION OF STUDENTS ATTENDING EARTH UNIVERSITY(ESCUELA DE AGRICULTURA DE LA REGIN TROPICAL HMEDA) AND FOR EARTH'S PROGRAMS AND INITIATIVES IN SUPPORT OF THAT EDUCATION. EARTH UNIVERSITY IS A NON-PROFIT FOUR-YEAR DEGREE-GRANTING INSTITUTION WITH INTERNATIONAL ADMINISTRATION, FACULTY, STUDENTS, PROGRAMS AND INITIATIVES. EARTH AND ITS STUDENTS CONTRIBUTE TO THE SUSTAINABLE DEVELOPMENT OF THE TROPICS THROUGH EDUCATION IN THE AGRICULTURAL SCIENCES AND NATURAL RESOURCES, AND THE DEVELOPMENT OF STUDENTS AS "CATALYSTS FOR CHANGE," INDIVIDUALS WITH STRONG ETHICAL AND HUMAN VALUES, SOCIAL AND ENVIRONMENTAL CONSCIOUSNESS AND AN ENTREPRENEURIAL MENTALITY. EUF ALSO FULLY EMBRACES EARTH UNIVERSITY'S MISSION TO "PREPARE LEADERS WITH ETHICAL VALUES TO CONTRIBUTE TO SUSTAINABLE DEVELOPMENT AND TO CONSTRUCT A PROSPEROUS AND JUST SOCIETY." false false 3023383 2883389 There were a number of projects and programs at EARTH University that received funding support from the Foundation. Among the most supported include the Entrepreneurial Projects program, internship support, student recruitment, Spanish language instruction, and community development projects. Such program support directly and indirectly benefited all 410 students as well as the communities surrounding the campus. 5135714 4995720 Most students attending EARTH University come from rural parts of developing countries, principally in Latin America, the Caribbean, and Africa. EARTH University's mission is to prepare leaders with ethical values to contribute to sustainable development and to construct a prosperous and just society. Fulfilling this mission is viewed as the best way to effect long-term change that brings sustainable solutions to the developing world. EUF secures funds for the University's financial aid program. In 2023, there were 410 students enrolled at EARTH University, 50% female, representing 39 countries. Please refer to Schedule O for Further details on the program. 8159097 true true false false false false false false false true true true false false true true true false false false true true false false false false false false false true false false false false false false false false true false false false false true false false false true 14 0 true 10 true false false false false false false false false false false false false X 17 17 true false false false false false false true true false false true true true true true true true true false AK AR CA CO CT FL IL KY ME MD MA MI MN MS NH NJ NY NC OH OK OR PA RI SC TN UT WA WI X X X WATERSORTIZ 4049951233 151 ELLIS ST NE FLOOR 1 SUITE 133 Atlanta GA 30303 Meridith L Rentz Executive Director 40.0 0.0 X 216305 0 19041 Victor Sanchez Sr. Philanthropy Advisor 40.0 0.0 X 153280 0 7200 Ann Cooper Philanthropy Officer 40.0 0.0 X 120447 0 37543 Kerry McArdle Philanthropy Officer 40.0 0.0 X 132050 0 18715 Elma Goduto Finance Director 40.0 0.0 X 115119 0 29421 Mark Brouse Trustee 10.0 0.0 X 0 0 0 Mark McGahan Trustee 10.0 0.0 X 0 0 0 Claire Yum Arnold Trustee 10.0 0.0 X 0 0 0 H Ross Arnold III Trustee 10.0 0.0 X 0 0 0 Jane C Black Trustee 10.0 0.0 X 0 0 0 Ian Davidson Trustee 10.0 0.0 X 0 0 0 Erika Gonzalez-Akre Trustee 10.0 0.0 X 0 0 0 Adrienne Meisel Trustee 10.0 0.0 X 0 0 0 Mark J Ohrstrom Trustee 10.0 0.0 X 0 0 0 Chris Carter Trustee 10.0 0.0 X 0 0 0 Tracy Hoover Trustee 10.0 0.0 X 0 0 0 Andros Bracamontes Trustee 10.0 0.0 X 0 0 0 Gustavo Manrique Trustee 10.0 0.0 X 0 0 0 Georgie Benardete Trustee 10.0 0.0 X 0 0 0 Jaime G Puente Asquet Trustee 10.0 0.0 X 0 0 0 Julia Novy Trustee 10.0 0.0 X 0 0 0 Sonia Medina Trustee 10.0 0.0 X 0 0 0 737201 0 111920 5 false true false 0 1568746 1220606 3068872 30554 5858224 0 1647915 1647915 0 0 0 0 0 1954608 1956027 -1419 -1419 -1419 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 1138 1138 1138 7505858 1647634 0 0 7879109 7879109 0 381131 78547 111059 191525 0 684205 138656 192493 353056 40176 8896 11698 19582 106368 23680 39119 43569 75691 15501 21255 38935 0 1135 1135 44980 44980 0 0 0 21372 21372 0 40206 5509 21560 13137 20755 834 17860 2061 0 10670 1756 4342 4572 54135 1565 34371 18199 0 6637 6637 0 0 14159 2854 4077 7228 16581 2190 7958 6433 FINANCIAL FEES 10675 10675 CULTIVATION ACTIVITIES 3703 3703 FUNDRAISING SUPPLIES AND EXP 1528 197 1332 9413217 8159097 550788 703332 X 26336 167845 2838292 2490686 2740959 2891924 0 0 0 0 0 0 282528 261988 0 0 27289 30235 73354 44143 28491 29211 62817814 67040334 6055601 7992853 0 0 0 0 573443 555431 75390753 81460507 101660 57508 0 0 0 0 0 0 0 0 0 0 0 0 0 0 320216 235379 421876 292887 X 987598 965643 73981279 80201977 74968877 81167620 75390753 81460507 X -1907359 8107167 -1065 X false true X true false X 4828453 4671134 7366455 4937537 5858224 27661803 0 0 4828453 4671134 7366455 4937537 5858224 27661803 3663377 23998426 1200962 4071186 2209526 2421335 1647915 11550924 0 1863 1086 64 1 1138 4152 39216879 0.61194 0.56263 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68873417 82000 9761724 3683954 75033187 82342634 172200 -9835623 3805794 68873417 75347945 834320 9773317 3612948 82342634 75311018 676948 2980559 3620580 75347945 65796979 1133608 11826445 3446014 75311018 1.00000 true false 44984 39694 5290 28370 4449 23921 29211 HEDGE MUTUAL FUNDS AND REAL E. 7992853 F 7992853 0 PAYABLE TO EARTH 235379 PAYABLE TO EARTH TRUST 0 235379 X 15611960 8107167 -1065 8106102 7505858 7505858 9413217 9413217 9413217 Schedule D, Part V, Question 4 (a) The Entrepreneurial program provides operational funding for training of EARTH students to become entrepreneurs, promoting the creation of profitable and sustainable businesses; development of leadership skills; and dissemination world-wide of the theory and practices of entrepreneurship. --- (b) The Professorship program provides funding of the operating expenses associated with an identified faculty chair important to the University. --- (C) Scholarship endowments fund the room, board and tuition of the EARTH students for whom they are assigned. Schedule D, Part X, Question 2 The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and therefore, no provision for income taxes is required. In addition, the Foundation has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a) of the Code. In 2007, the Foundation received approval from the IRS that it was considered to be a public charity under Section 509(a)(1) and 170 (b)(1)(a)(vi) of the Internal Revenue Code, since it receives a substantial part of its support from governmental grants and the general public. The Foundation annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Foundation takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Foundation is subject to examination by the federal and state taxing authorities. In general, the Foundation is no longer subject to tax examinations for the tax years ending before December 31, 2020. Schedule D, Part XI, Question 2d (1,065) PRIOR YEAR BAD DEBT EXPENSE EXCLUDED FROM CONTRIBUTION INCOME true Central America and the Caribbean 0 1 Grantmaking Scholarship & Program 7879109 Central America and the Caribbean 0 1 Program Services Program Expenses 279988 0 2 0 2 8159097 8159097 Central America and the Caribbean Projects & programs 2883389 WIRE TRANSFE Central America and the Caribbean Scholarships & Programs 4995720 WIRE TRANSFE 1 false false false false false false Schedule F, Part 1, Question 2 1. A written proposal detailing the amount and purpose of the gift needed is reviewed by EUF's Director of Finance and Operations and Treasurer to ensure financial viability of the project. In certain cases site visits, conversations with program directors and/or feasibility studies are required before grants are awarded. --- 2. EUF requires annual updates from the grantee to ensure funds are being used as proposed. Additionally, periodic site visits and/or meetings with the grantee are scheduled to obtain current information. EUF maintains a very close relationship with the grantee. X X X false false false false false false false true false Victor Sanchez Sr. Philanthropy Advisor 153280 7200 684 161164 Meridith L Rentz Executive Director 216305 9440 10170 235915 Ann Cooper Philanthropy Officer 120447 38238 158685 Kerry McArdle Philanthropy Officer 125633 6417 6738 12651 151439 Sch J Part I, Line 7 Merit bonuses are paid based on performance. X 3 30554 Stock Quote false true true Schedule M, Part I, Column B THE TOTAL NUMBER OF CONTRIBUTIONS ARE DETERMINED ON A CONTRIBUTOR BY CONTRIBUTOR BASIS AND NOT BY THE TOTAL QUANTITY OF ITEMS CONTRIBUTED. SCHEDULE M, PART I, QUESTION 32 A EARTH UNIVERSITY FOUNDATION USES ITS BANK - SUNTRUST BANK - TO SELL GIFTS OF STOCK UPON RECIEPT OF THESE TYPES OF DONATIONS. Part III, Line 4b The Foundation provided a combination of full and partial scholarships to 170 of these students, representing more than $5,000,000. Of the 170 students, 46 were new students enrolled in 2023 and expected to graduate in 2026. The newly enrolled students benefiting from this financial aid came from 16 different countries including Bahamas, Bolivia, Brazil, Colombia, Costa Rica, Ecuador, Guatemala, Haiti, Honduras, Jamaica, Kenya, Mexico, Nicaragua, Peru, Tanzania, and Uganda. Part IV, Question 28C The following is not considered a reportable business transaction; however, it is being presented to insure full transparency. Claire Arnold is a trustee of EARTH University Foundation. She is also the CEO and owner of Leapfrog Services, Inc. Leapfrog Services, Inc provided computer software and network consulting services to EARTH University Foundation in an amount valued at $17,338.37. Ms. Arnold was not involved directly in the contract negotiations, nor is she involved with the on-going services provided. The Board of Trustees of EARTH University Foundation approved the execution of this contract in a meeting held in 2006. Ross Arnold is a trustee of EARTH University Foundation and is married to Claire Arnold, CEO and owner of Leapfrog Services Inc. Part VI, Section A, Question #2 Ross Arnold and Claire "Yum" Arnold both serve as Trustees on the EUF Board and they are married. Part VI, Section A, Question #11A Per EARTH University Foundation's Policy & Practices Manual, Part B Section IV, Item 7, the Audit committee (or in its absence, the Treasurer and Board Chairman) reviews and approves the IRS Form 990 prior to submission, and the full Board receives by email a PDF copy of the Form 990 within 30 days of its submission, which may be reviewed at the next meeting of the Board of Trustees at any Trustee's request. Part VI, Section A, Question #12c In accordance with EARTH University Foundation's Policy and Practices Manual, the Conflict of Interest policy is made known to all persons currently serving or hereafter elected, appointed or otherwise engaged to serve, as the case may be, as a Trustee, officer, manager, staff member or as a member of an advisory board, committee, or any other entity associated with the Foundation and its acceptance evidenced by a completed and signed annual declaration. Acceptance of the policy is a precondition to their affiliation with EARTH University Foundation. The Secretary will monitor compliance with this policy. The Secretary will be responsible for ensuring that all individuals to whom this Conflict of Interest Policy applies receive a copy of the Policy and complete, sign and file the Declaration in a timely manner annually. In addition, the Secretary will provide to the Chairman of the Board of Directors, an annual written report as to individuals having filed an annual Declaration and individuals having not filed such an annual Declaration. Part VI, Section A, Questions #15A & 15B "EARTH University Foundation uses a compensation system that is objective and non-discriminatory in theory, application and practice. --- The compensation system prices positions to market by using local, national and industry specific survey data. The market data will primarily include non-profits for which the position may compare and may include survey data for more specialized positions. Attention will be given to significant market differences due to geographical location. The system will evaluate external and internal equity. Compensation scale will be monitored and evaluated as positions become vacant to make necessary adjustments to ensure the compensation program continues to remain fair and competitive. --- Compensation for the Executive Director position includes: (a) review and approval by a governing body or compensation committee, provided persons with a conflict of interest with respect to the compensation arrangement at issue are not involved; (b) use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations; and (c) documentation and recordkeeping of this information and decisions made by the committee. --- As part of the annual budgeting process, the Board of Trustees will review and approve, as appropriate, funds to be allocated for total compensation, which would include base salaries, bonus, and all other related expenses, including benefit plans as recommended by the Executive Director. The Chairman of the Board of Trustees of EARTH University Foundation is responsible for reviewing recommendations made by the Executive DIrector and will give final approval for the compensation that will be used. The Chairman of the Board of Trustees, in coordination with the President at EARTH, shall approve the pay range and total compensation package for the Executive Director. The Executive Director, in coordination with the Chairman of the Board of Trustees, shall approve the pay range and total compensation package for the Director of Finance and Operations. The Research and Development Operations Manager, along with Director of Finance and Operations, and the Executive Director when he/she is not concerned, is charged with the responsibility of ensuring that the total compensation program is managed for consistency and equity, ensuring individual jobs are market priced at least once every two years and that pay equity adjustments are administered in a fair and equitable manner." Part VI, Section A, Question #19 EARTH University Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public at the request of any individual/organization who contacts the organization. Portions of the 990 are available to the public on GuideStar, Charity Navigator and through the IRS website. Part XI, Line 8 Prior Period Adjustments ($1,065) IS PRIOR YEAR BAD DEBT EXPENSE EXCLUDED FROM CONTRIBUTION INCOME. EARTH University PO Box 4442-1000 San Jose CS 980149857 University CS 501(c)(3) 2 NA false false true false true true false false false false false true true false false false false true false false