2021-08-06T11:34:24-05:00 2020-12-31 520901831 ROSS LANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2020-01-01 272852264 FRIENDS OF UFM INC FRIE 3056065939 CO RLM 7900 WESTPARK DRIVE NO T MCLEAN VA 22102 DANIEL GREEN TREASURER 7038932660 2021-07-29 1 DANIEL GREEN 999009999 JEFFREY P HAYDEN P00057870 7038932660 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DANIEL GREEN C/O RLM 7900 WESTPARK DRIVE NO T420 MCLEAN VA 22102 1273395 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 5 0 0 1067397 1252507 7750 12150 -60 24 0 155 1075087 1264836 1368386 1397428 0 0 54270 54245 0 0 60391 74010 84926 1496666 1536599 -421579 -271763 1091765 936185 202164 318347 889601 617838 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 1 0 524260 524260 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 REFLECT THE PRINCIPLES OF INDIVIDUAL FREEDOM, FREE MARKETS, AND PERSONAL RESPONSIBILITY. UFM ASPIRES ...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2... 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. 397548 397548 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. 122729 122729 12150 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. 34000 34000 ONGOING LEARNING: THIS IS A PROGRAM THE ORGANIZATION SUPPORTS WITHIN UFM'S CENTRO HENRY HAZLITT TO CONDUCT WORKSHOPS FOR UFM FACULTY ON DIFFERENT TEACHING, COLLABORATION, AND FACILITATION METHODOLOGIES. 51740 51740 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. 24425 24425 UFM VIDEO GAME CENTER: THE ORGANIZATION SUPPORTS THE UFM VIDEO GAME CENTER. VIDEO GAMES ARE AN INTERNATIONAL LANGUAGE THAT TRANSMITS VALUES. TODAY THEY ARE THE MOST VALUABLE LEARNING TOOL THAT LEVERAGES WHAT WE KNOW ABOUT THE HUMAN BRAIN AND HOW IT LEARNS. VIDEO GAMES HAVE BECOME A GIANT GLOBAL MARKET. THEY ARE THE MOST POWERFUL INFLUENCE ON CULTURE AND ONE OF THE BIGGEST INFLUENCERS IN THE EDUCATION OF OUR CHILDREN. THEY ARE WHERE CHILDREN INVEST THE GREATEST SHARE OF THEIR FREE TIME--MORE THAN MOVIE, VIDEOS, MUSIC, AND TELEVISION COMBINED. IN FEBRUARY 2018, UFM LAUNCHED A BOOTSTRAP VIDEO GAME CENTER PULLING FROM INSTALLED CAPACITIES AND TEMPORARILY SHARING RESOURCES WITH VARIOUS UFM DEPARTMENTS. UFM IS IN A UNIQUE POSITION TO OPERATE A VIDEO GAME CENTER FOR A FRACTION OF THE USUAL COST BECAUSE UFM ALREADY HAS MUCH OF THE KNOWLEDGE, INFRASTRUCTURE, AND PEOPLE IN PLACE--SOFTWARE AND COMPUTER LABS, AND AN ENDLESS PIPELINE OF TALENTED STUDENTS ITCHING TO DIVE IN. UFM IS WORKING TO INTEGRATE THE VIDEO GAME CENTER INTO UNDERGRADUATE CURRICULUM AND CREATE PROJECTS THAT DRAW FROM ACROSS DISCIPLINES. 242726 242726 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 2020, THE ORGANIZATION PROVIDED A $49,950 GRANT TO UFM FOR THE COLLEGE FREEDON FORUM, A ONE-DAY EVENT TO CONNECT STUDENTS WITH HUMAN RIGHTS ACTIVISTS, A $50,000 GRANT FOR ALTERNATIVE DELIVERY METHODS OF EDUCATION, AND A $638 GRANT FOR THE CENTRO DE ESTUDIO DEL CAPITALISMO. THE ORGANIZATION ALSO HAS MADE GENERAL SUPPORT GRANTS OF $137,393 IN THE YEAR ENDED DECEMBER 31, 2020, TO UFM TO BE ADMINISTERED BY THE UFM PRESIDENT'S OFFICE AT THE DISCRETION OF THE UFM PRESIDENT. IN ADDITION, THE ORGANIZATION HAS PLEDGED A DONATION OF 124 VOLUMES TO THE UFM LIBRARY. 352891 352891 1397428 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 1 0 0 0 0 0 0 0 1 5 0 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 2319 1250188 14760 1252507 REGISTRATION FEES 900099 12150 12150 12150 155 155 8583 8559 24 24 24 1264836 12150 0 179 1397428 1397428 50000 50000 4245 4245 48238 48238 23016 23016 4098 4098 6146 6146 978 978 2450 2450 1536599 1397428 78780 60391 488251 379448 601048 555284 1019 155 1447 1298 0 0 1091765 936185 13524 15321 178740 303026 9900 202164 318347 X 49553 56774 840048 561064 889601 617838 1091765 936185 -271763 0 X 0 1 X 1 0 X 753067 613002 2096371 1067397 1252507 5782344 753067 613002 2096371 1067397 1252507 5782344 1126420 4655924 1 149 2 155 307 5782651 31491 0.80520 0.54170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4745 4745 X 239000 1053638 24 1252143 34269 6250 1001635 -78 735936 47 26574 239000 1.00000 0 0 0 X 1272831 7995 7995 1264836 0 1264836 1544594 7995 7995 1536599 0 1536599 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. 0 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS FUNDING OF PROGRAMS - UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, ONGOING LEARNING, UFM VIDEO GAME CENTER, AND OTHER PROGRAMS AND ONE-TIME PROJECTS. 1397428 CENTRAL AMERICA 0 1 ADMINISTRATIVE SUPPORT AND EXPENSES 18250 CENTRAL AMERICA 0 0 WEB HOSTING 480 0 1 0 0 0 1 1416158 0 1416158 CENTRAL AMERICA EDUCATIONAL PURPOSES - UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, ONGOING LEARNING, UFM VIDEO GAME CENTER, AND OTHER PROGRAMS AND ONE-TIME PROJECTS. 1397428 WIRE TRANSFER 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: X 4745 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 2 THE ORGANIZATION ADDED A PROGRAM CALLED UFM VIDEO GAME CENTER IN 2020 AS DESCRIBED ON LINE 4D ON SCHEDULE O. 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.