2022-10-31T14:20:41-05:00 2021-12-31 520901831 ROSS LANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2021-01-01 272852264 FRIENDS OF UFM INC FRIE 3056065939 CO RLM 7900 WESTPARK DRIVE T420 MCLEAN VA 22102 DANIEL GREEN TREASURER 7038932660 2022-10-31 1 DANIEL GREEN 999009999 JEFFREY P HAYDEN P00057870 7038932660 X 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DANIEL GREEN C/O RLM 7900 WESTPARK DRIVE T420 MCLEAN VA 22102 1218971 0 X FOUFM.ORG X 2011 IN TO SUPPORT THE WORK OF UNIVERSIDAD FRANCISCO MARROQUIN OF GUATEMALA CITY, GUATEMALA ... ...TO TEACH AND DISSEMINATE THE ETHICAL, LEGAL, AND ECONOMIC PRINCIPLES OF A SOCIETY OF FREE AND RESPONSIBLE PERSONS. 3 3 1 4 0 0 1252507 1207196 12150 1700 24 -225 155 0 1264836 1208671 1397428 1562816 0 0 54245 53422 0 0 57788 84926 93545 1536599 1709783 -271763 -501112 936185 131424 318347 14698 617838 116726 X TO SUPPORT THE WORK OF UNIVERSIDAD FRANCISCO MARROQUIN OF GUATEMALA CITY, GUATEMALA TO TEACH AND DISSEMINATE THE ETHICAL, LEGAL, AND ECONOMIC PRINCIPLES OF A SOCIETY OF FREE AND RESPONSIBLE PERSONS 0 0 424750 424750 UFM MADRID CAMPUS: IN 2018, UFM BEGAN OPERATIONS IN MADRID, SPAIN, WHERE IT OPERATES AS A FOREIGN UNIVERSITY. THE ORGANIZATION HAS A PROGRAM TO SUPPORT THIS CAMPUS. AS CLASSES BEGAN IN SEPTEMBER 2018, UFM BECAME THE ONLY LATIN AMERICAN UNIVERSITY AUTHORIZED TO OPERATE IN EUROPE. IT IS LOCATED IN ONE OF THE MOST POPULAR COUNTRIES FOR STUDY ABROAD AND ONE OF THE WORLD'S MOST COMPETITIVE ACADEMIC MARKETS FOR BUSINESS ADMINISTRATION AND ENTREPRENEURSHIP. AS A FOREIGN UNIVERSITY OPERATING IN SPAIN, THE OPPORTUNITIES TO DEVELOP NEW EDUCATIONAL PRODUCTS THAT ADDRESS THE IMPORTANCE OF LIBERTY IN ALL ITS MANIFESTATIONS ARE IMMENSE. FRIENDS OF UFM AIMS TO MAKE UFM MADRID A HIGH-PROFILE SHOWCASE FOR A DISRUPTIVE AND REPLICABLE EDUCATION MODEL, IN WHICH BOTH LEARNING PROCESS AND CONTENT ...CONTINUED ON SCHEDULE O CONTINUED FROM PAGE 2... REFLECT THE PRINCIPLES OF INDIVIDUAL FREEDOM, FREE MARKETS, AND PERSONAL RESPONSIBILITY. UFM ASPIRES TO BECOME THE EUROPEAN HUB FOR ALL WHO PROMOTE THESE PRINCIPLES. UFM MADRID IS A CHANCE TO EXPLORE AND EVOLVE WAYS TO REACH NEW AUDIENCES AND TO BE MORE EFFECTIVE IN HOW WE COMMUNICATE IDEAS. IT IS ALSO AN OPPORTUNITY TO RE-INTRODUCE CLASSICAL LIBERALISM INTO THE EDUCATIONAL CULTURE OF EUROPE. BY OFFERING YOUNG PEOPLE A SOLID EDUCATION THAT INSPIRES THEM TO SEEK A LIFE OF MEANING GROUNDED IN INDIVIDUAL LIBERTY AND RESPONSIBILITY, WE ASPIRE TO FORGE A CRITICAL MASS OF THOUGHT LEADERS, IN ALL SPHERES OF LIFE, WHO ARE COMMITTED TO PROMOTING AND DEFENDING THE VALUES THAT SUSTAIN A FREE SOCIETY. 290798 290798 ITA SCHOLARSHIP PROGRAMS: THE ORGANIZATION PROVIDES FUNDING FOR SCHOLARSHIP PROGRAMS AT UFM (ITA IS A SPANISH ACRONYM MEANING "PROMOTING ACADEMIC TALENT") THAT SEEK TO IDENTIFY THE POOREST, MOST HIGHLY QUALIFIED AND MOTIVATED STUDENTS IN GUATEMALA IN ORDER TO MAKE IT POSSIBLE FOR THEM TO EARN AN UNDERGRADUATE DEGREE. THE PROGRAMS INCLUDE SCHOLARSHIPS FOR: LAW STUDENTS; THE ADOLFO LAU SCHOLARSHIP PROGRAM NAMED AFTER A LONG-TIME UFM PROFESSOR OF ARCHITECTURE THAT PASSED AWAY IN 2012; THE INSTITUTE OF POLITICAL STUDIES AND INTERNATIONAL RELATIONS (EPRI); THE MANUEL F. AYAU SOCIETY, WHICH WAS ESTABLISHED BY UFM TO HONOR THE LEGACY OF MANUEL F. AYAU AND SUPPORTS SCHOLARS AND PROFESSORSHIPS; SUMMER PROGRAMS AT UFM'S MADRID CAMPUS AND OTHER LOCATIONS; AND OTHER DONOR-RESTRICTED SCHOLARSHIPS. 61794 61794 LEARNING INNOVATION CENTER (FORMERLY ONGOING LEARNING): THIS IS A PROGRAM THAT WAS RENAMED IN DECEMBER 2021 WHERE FRIENDS SUPPORTS THE ORGANIZATION'S CENTRO HENRY HAZLITT TO CONDUCT WORKSHOPS FOR UFM FACULTY AND STUDENTS ON DIFFERENT TEACHING, COLLABORATION, AND FACILITATION METHODOLOGIES. 8500 8500 COLLABORATION LAB: THE ORGANIZATION SUPPORTS THE DESIGN, BUILDING, AND EQUIPPING OF THE INTERNATIONAL COLLABORATION LAB AT UFM. THE GOAL IS TO BECOME A SUPPORT CENTER FOR THE INTERNATIONAL CLASSICAL LIBERAL/LIBERTARIAN WORLD. THIS INCLUDES PROVIDING FUNDING FOR THE JAMBOARD TECHNOLOGY TO UFM. 128500 128500 OTHER EVENTS HELD: THE ORGANIZATION PROVIDES SUPPORT TO UFM IN SUPPORT OF ONE-TIME OR OTHER EVENTS HELD AT OR CO-SPONSORED BY UFM. EVENTS SUPPORTED IN THE YEAR ENDED DECEMBER 31, 2021, WERE AN EVENT WAS CO-SPONSORED WITH THE CHARLES KOCH INSTITUTE, THE UFM 50TH ANNIVERSARY CELEBRATION EVENT, A MEETING CO-SPOSORED WITH THE MONT PELERIN SOCIETY AT UFM, A CO-CREATION EVENT FOR EDUCATION FOR A FREE SOCIETY, AND THE COLLEGE FREEDOM FORUM MEETING THAT WAS HOSTED BY THE HUMAN RIGHTS CENTER AT UFM. 587957 587957 OTHER PROGRAMS AND ONE-TIME PROJECTS: THE ORGANIZATION PROVIDES SUPPORT TO ADMINISTER THE OTHER PROGRAMS AND ONE-TIME OR SPECIAL PROJECT SUPPORT TO UNIVERSIDAD FRANCISCO MARROQUIN (UFM). IN 2021, THE ORGANIZATION MADE GENERAL SUPPORT GRANTS OF $556,338 TO UFM TO BE ADMINISTERED BY THE UFM PRESIDENT'S OFFICE AT THE DISCRETION OF THE UFM PRESIDENT. THE ORGANIZATION ALSO MADE A $25,240 GRANT TO UFM TO SUPPORT THE ANTONIO MACHADO Y PALOMA PRIZE IN THE LAW SCHOOL AT UFM. IN ADDITION, THE ORGANIZATION MADE $6,378 IN OTHER SMALL GRANTS TO UFM FOR OTHER PROGRAMS. 60517 60517 1700 THE ANTIGUA FORUM: THE ORGANIZATION SUPPORTS THE UNIVERSIDAD FRANCISCO MARROQUIN'S FORUM THAT GATHERS POLITICAL REFORMERS, ENTREPRENEURS, AND EXPERTS FROM AROUND THE WORLD TO WORK ON PROJECTS THAT FIND REAL SOLUTIONS TO REAL PROBLEMS. AT EACH EVENT, PARTICIPANTS FROM UP TO TWO DOZEN COUNTRIES WORK IN SMALL GROUPS, GUIDED BY TRAINED FACILITATORS, TO HELP PROJECT OWNERS COME UP WITH CONCRETE ACTION PLANS. THERE ARE NO LECTURES, JUST PRODUCTIVE ENCOUNTERS. 785474 785474 1700 1562816 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 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 1 4 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 IN X ROSS LANGAN & MCKENDREE LLP 7038932660 7900 WESTPARK DRIVE T420 MCLEAN VA 22102 X VIDAR JORGENSEN DIRECTOR 2.00 X 0 0 0 DANIEL GREEN TREASURER/SECRETARY 2.00 X X 0 0 0 RODOLFO MILANI PRESIDENT 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 3247 1203949 10886 1207196 REGISTRATION FEES 900099 1700 1700 1700 10075 10300 -225 -225 -225 1208671 1700 0 -225 1562816 1562816 50000 50000 3422 3422 51896 51896 32736 32736 1281 1281 5802 1436 4366 141 141 1001 1001 688 688 1709783 1562816 89179 57788 379448 103216 555284 26840 155 25 1298 1343 936185 131424 15321 14698 303026 318347 14698 X 56774 55130 561064 61596 617838 116726 936185 131424 -501112 0 X 0 1 X 1 0 X 613002 2096371 1067397 1252507 1207196 6236473 613002 2096371 1067397 1252507 1207196 6236473 1170386 5066087 1 149 2 155 307 6236780 33191 0.81230 0.80520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6250 1218552 -225 1037092 152729 34756 239000 1053638 24 1252143 34269 6250 1001635 -78 735936 47 26574 239000 1.00000 0 0 0 X 1212527 3436 3436 1209091 -420 -420 1208671 1713639 3436 420 3856 1709783 0 1709783 PART X, LINE 2: FRIENDS IS REQUIRED TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN INCOME TAX POSITIONS FRIENDS HAS TAKEN IN THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION OR EXPECTS TO TAKE ON AN INCOME TAX RETURN. FRIENDS RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN INCOME TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAX AUTHORITIES. FRIENDS RECORDED NO LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS FOR ANY OPEN TAX YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNEMPLOYEMENT REFUNDS -420. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNEMPLOYMENT REFUNDS 420. 0 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS FUNDING OF PROGRAMS - UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, LEARNING INNOVATION CENTER, OTHER EVENTS HELD, AND OTHER PROGRAMS AND ONE-TIME PROJECTS. 1562816 CENTRAL AMERICA 0 1 ADMINISTRATIVE SUPPORT AND EXPENSES 18246 CENTRAL AMERICA 0 0 WEB HOSTING 328 0 1 0 0 0 1 1581390 0 1581390 CENTRAL AMERICA EDUCATIONAL PURPOSES - UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, LEARNING INNOVATION CENTER, OTHER EVENTS HELD, AND OTHER PROGRAMS AND ONE-TIME PROJECTS. 1562816 WIRE TRANSFER 0 0 0 0 0 0 0 PART I, LINE 2: GRANTS TO UNIVERSIDAD FRANCISCO MARROQUIN, GUATEMALA, C.A. ARE ONLY MADE UPON SPECIFIC REQUESTS FOR PROPOSED USES, SUCH AS SCHOLARSHIPS, LECTURESHIPS, ON-LINE MEDIA PRESENTATIONS, CONFERENCES AND FORUMS, AND EDUCATIONAL RELATED PROJECTS AND SUPPORT. GRANTS ARE APPROVED BY THE ORGANIZATION'S BOARD, DOCUMENTED IN THE ORGANIZATION'S MINUTES, AND REPORTS DOCUMENTING ACTIVITIES AND USES OF FUNDS GRANTED ARE REQUESTED FROM UFM AND REVIEWED. SITE VISITS ARE ALSO MADE. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990, INCLUDING SCHEDULES, TO THE EXECUTIVE DIRECTOR, DEVELOPMENT DIRECTOR, AND BOARD OF DIRECTORS INCLUDING: TREASURER/SECRETARY AND PRESIDENT OF ITS GOVERNING BODY BEFORE FILING THIS RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS ENFORCED REGULARLY AND CONSISTENTLY, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. THE BOARD'S DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE PROCEDURES FOR ADDRESSING CONFLICT OF INTEREST INCLUDE AN INTERESTED PERSON BEING GIVEN THE OPPORTUNITY TO MAKE A PRESENTATION TO THE BOARD OF DIRECTORS MEETING, AFTER WHICH THE BOARD DISCUSSES AND VOTES ON THE ARRANGEMENT. IF THE CHAIRPERSON OF THE BOARD OF DIRECTORS DEEMS IT APPROPRIATE, HE OR SHE CAN APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE ALTERNATIVES TO THE PROPOSED TRANSACTION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THE FORM 990 AVAILABLE ON ITS WEBSITE, HOWEVER THE FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION.