BETA

FRIENDS OF UFM INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF UFM INC (EIN 27-2852264)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-10
IRS object ID
202033159349301703
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-10T08:59:01-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN520901831PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROSS LANGAN & MCKENDREE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17900 WESTPARK DR STE T420AddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN272852264EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF UFM INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRIEBusinessNameControlTxt
Phone3056065939PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CO RLM 7900 WESTPARK DRIVE NO TAddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL GREENPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7038932660PhoneNum
Signature2020-09-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY P HAYDENPreparerPersonNm
PTINP00057870PTIN
Phone7038932660PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address208.82.213.161IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-09-23IPDt
IP Tm08:00:01IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB602D594AFD2B0B327E07A06F36CA6A7E42546D0AtSubmissionCreationDeviceId
At Submission Filing Device IdB602D594AFD2B0B327E07A06F36CA6A7E42546D0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDANIEL GREENPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O RLM 7900 WESTPARK DRIVE NO T420AddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,078,121GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFOUFM.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,096,371PYContributionsGrantsAmt
CY Contributions Grants$1,067,397CYContributionsGrantsAmt
PY Program Service Revenue$11,591PYProgramServiceRevenueAmt
CY Program Service Revenue$7,750CYProgramServiceRevenueAmt
PY Investment Income$8PYInvestmentIncomeAmt
CY Investment Income-$60CYInvestmentIncomeAmt
PY Other Revenue$280PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,108,250PYTotalRevenueAmt
CY Total Revenue$1,075,087CYTotalRevenueAmt
PY Grants And Similar Paid$862,964PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,368,386CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$54,270CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$64,779CYTotalFundraisingExpenseAmt
PY Other Expenses$52,056PYOtherExpensesAmt
CY Other Expenses$74,010CYOtherExpensesAmt
PY Total Expenses$915,020PYTotalExpensesAmt
CY Total Expenses$1,496,666CYTotalExpensesAmt
PY Revenues Less Expenses$1,193,230PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$421,579CYRevenuesLessExpensesAmt
Total Assets BOY$1,318,347TotalAssetsBOYAmt
Total Assets EOY$1,091,765TotalAssetsEOYAmt
Total Liabilities BOY$7,149TotalLiabilitiesBOYAmt
Total Liabilities EOY$202,164TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,311,198NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$889,601NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO 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 PERSONSMissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$466,607ExpenseAmt
Grant$466,607GrantAmt
DescUFM MADRID CAMPUS: IN 2018, UFM RECEIVED PERMISSION TO OPEN A CAMPUS IN MADRID. 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$388,168ExpenseAmt
Grant$388,168GrantAmt
DescITA 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$195,143ExpenseAmt
Grant$195,143GrantAmt
DescCOLLABORATION 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (4 entries)

ExpenseExpenseAmtGrantGrantAmtDescDescRevenueRevenueAmt
$4,625$4,625THE DEPARTMENT OF PERFORMING ARTS: THE ORGANIZATION SUPPORTS UNIVERSIDAD FRANCISCO MARROQUIN'S PERFORMING ARTS PROGRAM FORMERLY CALLED THE ORGANIZATION FOR THE ARTS. THE DEPARTMENT WAS FOUNDED IN 1983 AS AN IMPORTANT ARM OF THE COMMUNITY. THE PROGRAM HAS NATIONAL AND INTERNATIONAL PROJECTION THAT PRESENTS ACTIVITIES AND PRODUCES SHOWS FOR CHILDREN, JAZZ CONCERTS, RECITALS OF NOTABLE SOLOISTS AND CHAMBER ENSEMBLES, SYMPHONIC AND CHORAL CONCERTS, LARGE OPERA PRODUCTIONS, INTERNATIONAL BALLET COMPANIES, AND MODERN AND CONTEMPORARY DANCE.
$71,086$71,086THE ANTIGUA FORUM: THE ORGANIZATION SUPPORTS THE UNIVERSIDAD FRANCISCO MARROQUIN'S FORUM THAT GATHERS POLITICAL LEADERS, 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.$7,750
$150,211$150,211OTHER PROGRAMS AND ONE-TIME PROJECTS: THE ORGANIZATION PROVIDES ADMINISTRATIVE SUPPORT TO ADMINISTER THE OTHER PROGRAMS AND ONE-TIME OR SPECIAL PROJECT SUPPORT TO UNIVERSIDAD FRANCISCO MARROQUIN (UFM). THESE INCLUDE THE ESCAPE FROM TOTALITARIANISM PROJECT, IN WHICH THE ORGANIZATION GRANTED $77,000 TO UFM FOR THE CREATION OF AN ESCAPE ROOM FOR STUDENTS AND OTHERS TO IMMERSE THEMSELVES IN AN ADVENTURE EXPERIENCE WHERE THEIR FREEDOM AND IDENTITY ARE TAKEN AWAY AND THEY WILL USE THEIR CREATIVITY AND PROBLEM-SOLVING SKILLS TO GAIN IT BACK. THE ORGANIZATION ALSO HAS MADE GENERAL SUPPORT GRANTS OF $37,478 IN THE YEAR ENDED DECEMBER 31, 2019 TO UFM TO BE ADMINISTERED BY THE UFM PRESIDENT'S OFFICE AT THE DISCRETION OF THE UFM PRESIDENT. OTHER ONE-TIME OR SPECIAL PROJECT SUPPORT INCLUDE ADVANCED TECHNOLOGY FOR THE FILM SCHOOL, THE COLLEGE FREEDOM FORUM, THE START UP CITIES INSTITUTE, SUPPORT FOR THE DEVELOPMENT DEPARTMENT, AND MISCELLANEOUS ADMINISTRATIVE SUPPORT.
$92,546$92,546ONGOING 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.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$318,468TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$318,468TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$7,750TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$1,368,386TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROSS LANGAN & MCKENDREE LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7038932660PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17900 WESTPARK DRIVE T420AddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
VIDAR JORGENSEN
DIRECTOR2.00Yes (X)$0$0$0
DANIEL GREEN
TREASURER/SECRETARY2.00Yes (X)$0$0$0Yes (X)
RODOLFO MILANI
PRESIDENT2.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$13,968FederatedCampaignsAmt
All Other Contributions$1,053,429AllOtherContributionsAmt
Noncash Contributions$1,421NoncashContributionsAmt
Total Contributions$1,067,397TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescREGISTRATION FEESDesc
Business900099BusinessCd
Total Revenue Column$7,750TotalRevenueColumnAmt
Related Or Exempt Func Income$7,750RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$7,750TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2TotalRevenueColumnAmt
Exclusion$2ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,972SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,034SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$62SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$62TotalRevenueColumnAmt
Exclusion-$62ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,075,087TotalRevenueColumnAmt
Related Or Exempt Func Income$7,750RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$60ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,368,386TotalAmt
Program Services$1,368,386ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$50,000TotalAmt
Fundraising$50,000FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,270TotalAmt
Fundraising$4,270FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$40,442TotalAmt
Management And General$40,442ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$20,127TotalAmt
Management And General$17,602ManagementAndGeneralAmt
Fundraising$2,525FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,030TotalAmt
Management And General$3,030ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,714TotalAmt
Fundraising$5,714FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$505TotalAmt
Management And General$505ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,300TotalAmt
Management And General$1,300ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$622TotalAmt
Management And General$622ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,270TotalAmt
Fundraising$2,270FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,496,666TotalAmt
Program Services$1,368,386ProgramServicesAmt
Management And General$63,501ManagementAndGeneralAmt
Fundraising$64,779FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$725,790BOYAmt
EOY$488,251EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$591,111BOYAmt
EOY$601,048EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$146BOYAmt
EOY$1,019EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$1,447EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$17,499LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$17,499LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,300BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,318,347BOYAmt
EOY$1,091,765EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,399BOYAmt
EOY$13,524EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
EOY$178,740EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,750BOYAmt
EOY$9,900EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,149BOYAmt
EOY$202,164EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$114,969BOYAmt
EOY$49,553EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,196,229BOYAmt
EOY$840,048EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,311,198BOYAmt
EOY$889,601EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,318,347BOYAmt
EOY$1,091,765EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$421,579ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$18NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,782,609CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$753,067CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$613,002CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,096,371CurrentTaxYearMinus1YearAmt
Current Tax Year$1,067,397CurrentTaxYearAmt
Total$6,312,446TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,782,609CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$753,067CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$613,002CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,096,371CurrentTaxYearMinus1YearAmt
Current Tax Year$1,067,397CurrentTaxYearAmt
Total$6,312,446TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,892,876SubstantialContributorsTotAmt
Public Support Total170$3,419,570PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$1CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$149CurrentTaxYearMinus1YearAmt
Current Tax Year$2CurrentTaxYearAmt
Total$156TotalAmt
FieldValueIRS element (for citing)
Total Support$6,312,602TotalSupportAmt
Gross Receipts Rltd Activities$19,341GrossReceiptsRltdActivitiesAmt
Public Support CY1700.54170PublicSupportCY170Pct
Public Support PY1700.47100PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
Contributions$1,001,635ContributionsAmt
Investment Earnings Or Losses-$78InvestmentEarningsOrLossesAmt
Grants Or Scholarships$735,936GrantsOrScholarshipsAmt
Other Expenditures$47OtherExpendituresAmt
Administrative Expenses$26,574AdministrativeExpensesAmt
End Year Balance$239,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Term Endowment Balance EOY1.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,499OtherCostOrOtherBasisAmt
Depreciation$17,499DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,082,119TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$18NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$7,050DonatedServicesAndUseFcltsAmt
Revenue Not Reported$7,032RevenueNotReportedAmt
Revenue Subtotal$1,075,087RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,075,087TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,503,716TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$7,050DonatedServicesUseFcltsAmt
Expenses Not Reported$7,050ExpensesNotReportedAmt
Expenses Subtotal$1,496,666ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,496,666TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationFRIENDS 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.ExplanationTxt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA00PROGRAM SERVICES AND GRANTSFUNDING OF PROGRAMS - UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, THE DEPARTMENT OF PERFORMING ARTS, ONGOING LEARNING, AND OTHER PROGRAMS AND ONE-TIME PROJECTS.$1,368,386
CENTRAL AMERICA01ADMINISTRATIVE SUPPORT AND EXPENSES$16,522
CENTRAL AMERICA00WEB HOSTING$480
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$1,385,388SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$1,385,388TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICARegionTxt
Purpose Of GrantEDUCATIONAL PURPOSES - UFM MADRID CAMPUS, ITA SCHOLARSHIP PROGRAMS, COLLABORATION LAB, THE ANTIGUA FORUM, THE DEPARTMENT OF PERFORMING ARTS, ONGOING LEARNING, AND OTHER PROGRAMS AND ONE-TIME PROJECTS.PurposeOfGrantTxt
Cash Grant$1,368,386CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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:

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2THE ORGANIZATION ADDED A PROGRAM CALLED COLLABORATION LAB IN 2019.
FORM 990, PART III, LINE 3THE ORGANZIATION'S PROGRAM MONT PELERIN SOCIETY MEETING FROM 2018 WAS NO LONGER A PROGRAM IN 2019 AS THE ORGANIZATION'S SUPPORT OF THIS MEETING WAS A ONE-TIME OCCURRENCE.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990, INCLUDING SCHEDULES, TO THE EXECUTIVE DIRECTOR, DEVELOPMENT DIRECTOR, AND BOARD OF DIRECTORS INLCUDING: TREASURER/SECRETARY AND PRESIDENT OF ITS GOVERNING BODY BEFORE FILING THIS RETURN.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 18THE ORGANIZATION MAKES THE FORM 990 AVAILABLE ON ITS WEBSITE, HOWEVER THE FORM 1023 IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION.

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