2025-06-11T04:03:28-04:00 2024-12-31 990 2024-01-01 923019514 Friends of Cne Inc % Benjamin Fossen FRIE 9522613415 254 Chapman Rd Ste 209 Newark DE 19702 Benjamin Fossen Board Chair 2025-06-12 2024 2025-03-06 01:10:19Z Benjamin Fossen 254 Chapman Rd Ste 209 Newark DE 19702 450549 false X X 2023 DE Friends of CNE is charitable organization that supports the advancement of free economic markets in Central America. 4 4 0 0 0 0 0 450549 0 0 0 0 0 0 0 450549 0 443000 0 0 0 0 0 0 0 0 504 0 443504 0 7045 0 7045 0 0 0 7045 Friends of CNE is charitable organization that supports the advancement of free economic markets in Central America. true false 443055 443000 0 We provided a grant to Asociacin Consejo Nacional Empresarial a Guatemalan nonprofit organization to support the development of a comprehensive economic policy aimed at promoting a sustainable and inclusive economic model in Guatemala. The project focuses on designing policy with a territorial approach to help reactivate the economy and foster inclusive industrialization. It incorporates both qualitative and quantitative analysis to guide evidence-based decision-making and prioritization of economic reforms tailored to strategic regions of the country. 0 0 0 0 0 0 0 0 0 443055 true true false false false false false false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 0 false false false false false false false 0 false false false false false false false 0 0 false false false 4 4 false false false false false false false true true false false false true true false false false false false false X X Benjamin Fossen 9522613415 254 Chapman Rd Ste 209 Newark DE 19702 X Benjamin Fossen Board Chair President 4.00 0 X X 0 0 0 Anthony Reed Secretary 0.00 0 X 0 0 0 Silvia Leary Director 0.00 0 X 0 0 0 Jorge Sosa Treasurer 0.00 0 X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 450549 0 450549 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 450549 0 0 0 0 0 0 0 443000 443000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 119 0 119 0 330 0 330 0 55 55 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 443504 443055 449 0 0 0 0 0 0 7045 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7045 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 7045 0 0 0 7045 0 7045 7045 0 0 0 0 0 X false false false X 0 0 0 0 54 54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54 54 54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54 X Part II - Line 1, Unusual Grant Lists | Name of the Contributor:, Date of Grant:, Year:, Amount:, Description:| Foundation to Promote Open Society09 01 2024, "2024", $450000, In 2024 the Friends of CNE Inc received a one-time grant of $450,000 from the Foundation to Promote Open Society to provide general support. The period of the grant is from September 1 2024 through December 31 2027 and it was paid in one lump sum. This grant represents approximately 99% of the organizations total support for the year and is not expected to recur. Because the grant is unusually large and inconsistent with the organizations normal pattern of support it has been excluded from the public support computation as an unusual grant in accordance with IRS Rev. Rul. 77-386 and Schedule A instructions.| RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true Central America and the Caribbean 0 0 Grantmaking In 2024 the organization provided a grant of $443,000 to the Guatemalan nonprofit Asociacin Consejo Nacional Empresarial to support the development of a territorial economic policy framework aimed at promoting sustainable development industrialization and inclusive economic growth in Guatemala. 443000 0 0 0 0 443000 443000 Central America and the Caribbean The grant was made to Asociación Consejo Nacional Empresarial and the purpose of the grant is to support free markets in Guatemala. This is done by designing a comprehensive economic policy with a territorial approach to promote a sustainable economic model, reactivating the economy and advancing the process of inclusive industrialization in Guatemala. This policy must address the particularities of strategic territories and use a qualitative and quantitative approach that allows informed decisions to be made and reforms to be prioritized. 443000 Bank Wire false false false false false false Part I, II, III and IV | PartandLinenumber:,Explanation:| Part I Line 2,Friends of CNE has a thorough grant application that grantees must complete. The application requires grantees explain in detail how they ensure they are compliant with laws of their foreign country. They must also disclose any open legal cases against them. The primary way of monitoring the use of grants comes through a Memorandum of Understanding where the grantee agrees to the following: to only use the funds granted on the agreed upon project to provide detailed written quarterly status reports that include expenditures related to the project and progress on the project goals to abide by the laws of the grantees country and any other jurisdictions where the project operates and to conduct the project in an ethical manner with integrity and to operate in a manner that does not cause harm to the reputations of either parties.| Part III, line 2 In 2024 we established a new grantmaking program to support organizations in Central America advancing free markets. This program aims to support the organizations efforts in promoting and strengthening free market principles and economic development in Guatemala. Through this collaboration we provided financial support to advance initiatives that foster entrepreneurship improve the business climate and encourage economic freedom in the region. Part VI, Line 11b No review was or will be conducted. Part VI, Line 19 Yes Friends of CNE Inc made its governing documents conflict of interest policy and financial statements available to the public during the tax year by placing these documents on a public shared Google drive. Anyone who has the link can access and review the documents. These documents are also available upon request. We are in the process of building a website for the organization and will make the documents available on the website.