2018-11-14T14:58:16-06:00 2017-12-31 520901831 ROSS LANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2017-01-01 272852264 FRIENDS OF UFM INC FRIE 3056065939 C/O RLM 7900 WESTPARK DRIVE NO T420 MCLEAN VA 22102 WAYNE LEIGHTON SECRETARY-TREASURER 3056065939 2018-11-12 1 JEFFREY P HAYDEN P00057870 7038932660 X 208.82.213.4 2018-11-12 10:38:26 ES P B602D594AFD2B0B327E07A06F36CA6A7E42546D0 B602D594AFD2B0B327E07A06F36CA6A7E42546D0 2017 2019-02-21 02:37:17Z RODOLFO MILANI C/O RLM 7900 WESTPARK DRIVE NO T420 MCLEAN VA 22102 619340 0 X FRIENDSOFUFM.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 0 6 0 0 753067 613002 0 0 0 -86 0 0 753067 612916 461507 810740 0 0 0 0 0 0 4415 10593 27841 472100 838581 280967 -225665 343833 122500 0 4532 343833 117968 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 247623 247623 ITA SCHOLARSHIP PROGRAMS: THE ORGANIZATION SUPPORTS SCHOLARSHIP PROGRAMS AT UNIVERSIDAD FRANCISCO MARROQUIN (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 INSTITUTE OF POLITICAL STUDIES AND INTERNATIONAL RELATIONS ("EPRI"); THE ADOLFO LAU SCHOLARSHIP PROGRAM NAMED AFTER A LONG-TIME UFM PROFESSOR OF ARCHITECTURE THAT PASSED AWAY IN 2012; THE MANUEL F. AYAU SOCIETY, WHICH WAS ESTABLISHED BY UFM TO HONOR THE LEGACY OF MANUEL F. AYAU AND SUPPORT SCHOLARS AND PROFESSORSHIPS; AND OTHER DONOR-RESTRICTED SCHOLARSHIPS. 100000 100000 MOOC ON SCHOOL OF SALAMANCA: THE SCHOOL OF SALAMANCA IS A MASSIVE OPEN ONLINE COURSE (MOOC) OFFERED BY UNIVERSIDAD FRANCISCO MARROQUIN AND SUPPORTED BY THE ORGANIZATION THAT CONSISTS OF FIVE CHAPTERS AS AN OVERVIEW OF THE SCHOOL OF SALAMANCA, THE MAIN INTELLECTUAL CURRENT OF EARLY MODERN SPAIN. THE COURSE CONSISTS OF THREE MAIN CHAPTERS ON THE SCHOOL'S CONTRIBUTIONS TO HUMAN RIGHTS, POLITICS, AND ECONOMICS, PLUS AN INTRODUCTION, A CONCLUSION, AND BRIEF CHAPTERS ON THE SCHOOL'S FOUNDER FRANCISCO DE VITORIA AND ITS CLIMACTIC FIGURE JUAN DE MARIANA. IT IS DESIGNED FOR STUDENTS TO LEARN ABOUT THE ORIGINS OF THE HISPANIC LIBERAL TRADITION AS WELL AS THE SCOPE OF ITS FUNDAMENTAL INFLUENCE ON MODERN WESTERN CIVILIZATION. 97500 97500 NEXT STEP: THE ORGANIZATION SUPPORTS NEXT STEP: ADVANCING THE IDEAS OF LIBERTY THROUGHOUT THE SPANISH-SPEAKING WORLD, A PROJECT LED BY UNIVERSIDAD FRANCISCO MARROQUIN'S (UFM) CENTRO HENRY HAZLITT, THE HUB FOR DEVELOPING CURRICULA AND ACTIVITIES RELATED TO UFM'S MISSION. THERE ARE FIVE ADDITIONAL COMPONENTS THAT FOCUS ON PEDAGOGICAL REFORMS, MULTIMEDIA PUBLICATIONS, AND OUTREACH PROGRAMS THAT CAN EXPAND UFM'S IMPACT BEYOND GUATEMALA: A FILM AND MEDIA STUDIES UNIT; FOUR MASSIVELY OPEN ONLINE COURSES (MOOCS) ON DON QUIXOTE; TWO PUBLICATIONS AND THE PRACTICAL APPLICATIONS OF ECONOMICS; A REVIEW OF FREE ENTERPRISE IN GUATEMALA AND AN ANALYSIS OF THE CURRENT BUSINESS CYCLE; AND AN ONLINE K-7 PRIMARY SCHOOL PROGRAM. 70000 70000 ONGOING LEARNING: THIS IS A PROGRAM THE ORGANIZATION SUPPORTS WITHIN UNIVERSIDAD FRANCISCO MARROQUIN'S CENTRO HENRY HAZLITT TO CONDUCT WORKSHOPS FOR UNIVERSIDAD FRANCISCO MARROQUIN PROFESSORS ON DIFFERENT TEACHING METHODOLOGIES. 70000 70000 SCHOOL OF FILM AND VISUAL ARTS: THE SCHOOL OF FILM AND VISUAL ARTS AT UNIVERSIDAD FRANCISCO MARROQUIN IS SUPPORTED BY THE ORGANIZATION AND PROVIDES A SPACE FOR CO-CREATION, EXPERIMENTATION, AND CREATIVITY FOR CREATORS TO DEVELOP THEIR INTERESTS AND SKILLS INTENSIVELY. IT IS A PLACE WHERE PEOPLE CAN SHAPE THEIR PROFESSIONAL PROFILE WITHIN THE FILM AND VISUAL ARTS AS LEADERS, DIRECTORS, PRODUCERS, OR SCRIPTWRITERS. IN ADDITION, IT PREPARES STUDENTS TO FACE THE CHALLENGES OF THE AUDIOVISUAL MARKET THAT USES NEW TECHNOLOGIES AS A DISTRIBUTION PLATFORM, WITH A GLOBAL AND ENTREPRENEURIAL VISION. THE MAIN OBJECTIVE OF THE SCHOOL OF FILM AND VISUAL ARTS IS TO IMPEL THE DIRECTORS, PRODUCERS, AND SCRIPTWRITERS WITH AN ENTREPRENEURIAL MENTALITY OF THE FUTURE. IT ENCOURAGES CRITICAL THINKING, AUTONOMY, AND MAKES STUDENTS RESPONSIBLE FOR THEIR OWN LEARNING AND TO BE GROWTH ORIENTED TO MEET INDIVIDUAL AND TEAM GOALS. THE ORGANIZATION PROVIDES SUPPORT FOR ADVANCED TECHNOLOGY IN THE SCHOOL. 37487 37487 HUMAN RIGHTS CENTER: THE ORGANIZATION SUPPORTS THE CENTRO DE DERECHOS HUMANOS AT UNIVERSIDAD FRANCISCO MARROQUIN, WHICH IS IN ITS EARLY STAGES. THE FOCUS OF ATTENTION OF THE HUMAN RIGHTS CENTER IS GUATEMALA. HUMAN RIGHTS ARE THOSE THAT PROTECT LIFE, INDIVIDUAL FREEDOM, AND PRIVATE PROPERTY. THEY ARE THOSE RIGHTS THAT ARE NECESSARY TO BE ABLE TO LIVE IN SOCIETY. THEY ARE FUNDAMENTAL FOR A COUNTRY LIKE GUATEMALA AND ITS CITIZENS TO PROSPER. THE MISSION IS TO GENERATE EXPERTS, PROMOTE INVESTIGATIONS, AND CONVENE EVENTS THAT POINT OUT THE CONSEQUENCES FOR GUATEMALA OF THE VIOLATION OF HUMAN RIGHTS AND ALSO OF POLITICAL MANIPULATION. 30000 30000 FINANCE RESEARCH CENTER: THE ORGANIZATION SUPPORTS THE FINANCE RESEARCH CENTER ("FRC") AT UNIVERSIDAD FRANCISCO MARROQUIN THAT HAS A MISSION TO SERVE AS A CATALYST FOR INNOVATIVE FINANCIAL RESEARCH AND EDUCATIONAL INITIATIVES THAT WILL POSITIVELY IMPACT POLICY AND SOCIETY. FRC PURSUES THIS MISSION BY SUPPORTING THE PRODUCTION AND DISSEMINATION OF HIGH-QUALITY RESEARCH IN THE FIELD OF FINANCIAL ECONOMICS. FRC INITIATIVES AIM TO CREATE INCENTIVES FOR TOP-NOTCH SCHOLARS, BOTH STUDENTS AND ESTABLISHED RESEARCHERS, TO UNDERTAKE INNOVATIVE RESEARCH, DATA COLLECTION, AND ANALYSIS THAT WILL LEAD TO IMPROVED POLICY-MAKING AND FINANCIAL REGULATION. AMONG ITS ACTIVITIES, FRC CONDUCTS NEW RESEARCH ACROSS A WIDE ARRAY OF FINANCIAL TOPICS; PROMOTES HIGH-PROFILE CONFERENCES AND WORKSHOPS FOR ACADEMICS, PRACTITIONERS, AND REGULATORS; AND CONTRIBUTES TO THE DISSEMINATION OF CUTTING-EDGE KNOWLEDGE IN FINANCIAL ECONOMICS AMONG THE ACADEMIC COMMUNITY AND SOCIETY AS A WHOLE. 21435 21435 THE 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. 14088 14088 THE 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. 968 968 STARTUP CITIES INSTITUTE: THE STARTUP CITIES INSTITUTE IS A RESEARCH AND DEVELOPMENT ORGANIZATION THAT APPLIES STARTUP ENTREPRENEURSHIP TO URBAN DEVELOPMENT. THE STARTUP CITIES INSTITUTE USES A NOVEL METHOD THAT CONVERTS CHALLENGED AREAS INTO A SERIES OF COMPETITIVE AND COOPERATIVE STARTUPS THAT FACE TOUGH CITY PROBLEMS HEAD-ON. 121639 121639 OTHER PROGRAMS: 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 LATIN AMERICAN LIBERTY FORUM, A MEETING FOR ALL THOSE IN LATIN COUNTRIES WHO STRIVE TO LIMIT THE POWER OF GOVERNMENTS, ERADICATE CORRUPTION, AND PROMOTE THE FLOWERING OF FREE ENTERPRISE AND PRIVATE INITIATIVE AS ENGINE FOR DEVELOPMENT; THE ATLAS LEADERSHIP ACADEMY, A TRAINING PROGRAM TO PROMOTE LEADERSHIP FOR CERTAIN ATTENDEES OF THE LATIN AMERICAN FORUM FOR FREEDOM; CASA POPENOE, A HOUSE MAINTAINED BY UFM AS A MUSEUM AND THE FIRST HOUSE RESTORED TO THE COLONIAL STYLE OF ANTIGUA GUATEMALA; UFM DEVELOPMENT DEPARTMENT SUPPORT; AND SUPPORT FOR UFM'S NEW MADRID, SPAIN CAMPUS. 365617 365617 810740 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 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 1 0 0 0 0 0 0 0 1 1 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 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 WAYNE A LEIGHTON TREASURER 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 2443 610559 1548 613002 1 1 6337 6424 -87 -87 -87 612916 0 0 -86 810740 810740 21033 21033 2314 2314 40 40 4375 4375 79 79 838581 810740 23426 4415 233783 11825 100000 105000 10050 0 17499 11824 0 5675 343833 122500 4532 0 4532 X 5027 5912 338806 112056 343833 117968 343833 122500 -225665 -200 0 X 0 1 X 0 0 X 245736 384892 1782609 753067 613002 3779306 245736 384892 1782609 753067 613002 3779306 2545582 1233724 4 1 5 3779311 0.32640 0.30430 X THE ORGANIZATION QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION AND MEETS THE 10% FACTS AND CIRCUMSTANCES TEST IN 2017. THE ORGANIZATION WAS IN ITS 7TH YEAR OF OPERATION IN 2017. IN 2015, THE ORGANIZATION WAS NOT REQUIRED TO CALCULATE A PUBLIC SUPPORT PERCENTAGE, AS IT WAS IN ITS 5TH YEAR OF OPERATION; HOWEVER, IF THE ORGANIZATION WERE TO HAVE COMPLETED A FACTS AND CIRCUMSTANCES TEST IN 2015, IT WOULD HAVE BEEN 21.96%. IN 2016, THE ORGANIZATION WAS REQUIRED TO CALCULATE THE PUBLIC SUPPORT PERCENTAGE AND IT RAISED THE PUBLIC SUPPORT PERCENTAGE TO 31.12%. IN 2017, THE ORGANIZATION RAISED THE PERCENTAGE TO 32.61%. IN 2018, THE ORGANIZATION IS PROJECTING TO HAVE A PUBLIC SUPPORT PERCENTAGE RIGHT AROUND 33 1/3%. THE ORGANIZATION HAS PUT INTO PLACE ACTIVITIES TO CONTINUE TO RAISE THIS PERCENTAGE.THE ORGANIZATION IS FOCUSED ON ATTRACTING PUBLIC SUPPORT. IT HAS AN ALL-VOLUNTEER BOARD AND NO EMPLOYEES. UNTIL 2017, THE FUNDRAISING HAS GENERALLY BEEN DONE ONLY BY VOLUNTEERS AND DONATIONS OF LABOR. ASKS WERE FIRST TARGETED AT THOSE WHO ASSISTED WITH THE FOUNDING OF THE ORGANIZATION AND WITH THE PROGRAMS FUNDED BY THE ORGANIZATION AT THE UNIVERSIDAD FRANCISCO MARROQUIN. MUCH OF THIS FUNDING CAME IN THE FORM OF LARGER GIFTS FROM KEY STAKEHOLDERS IN THE PROCESS, BUT ALSO FROM MANY OTHER SMALLER DONORS. GENERALLY, THE ORGANIZATION EMPLOYS AN APPROACH OF SEEKING FOUNDATION AND MAJOR DONOR SUPPORT FROM THOSE THAT HAVE SHOWN INTEREST IN THE PROGRAMS THE ORGANIZATION HAS. BECAUSE THE ORGANIZATION IS ENTIRELY RUN BY VOLUNTEERS AND DONATED STAFF AND BECAUSE THE PROGRAMS OF THE ORGANIZATION APPEALS TO A LIMITED NUMBER OF POTENTIAL DONORS, IT HAS TAKEN LONGER THAN AN ORGANIZATION WITH EMPLOYED STAFF TO DEVELOP SOPHISTICATED AND MATURE FUNDRAISING. IN 2018, THE ORGANIZATION HAS ENGAGED A CONSULTANT TO PROVIDE ADVICE TO MAKE ITS FUNDRAISING MORE BROAD AND SOPHISTICATED AND TO ENABLE THE VOLUNTEERS TO FOCUS THEIR APPROACH TO HIGHER PROBABILITY FUNDRAISING AND CONTINUED THIS STRATEGY IN 2018.THROUGH OCTOBER 2018, THE ORGANIZATION HAS RECEIVED CONTRIBUTIONS FROM OVER 100 DONORS, MANY OF WHOM HAVE GIVEN MULTIPLE DONATIONS OF ALL SIZES AND MOST OF WHOM ARE UNRELATED TO OTHER DONORS. IN 2015, THE ORGANIZATION RECEIVED A GIFT OF OVER $1.3 MILLION FROM ONE FOUNDATION TO SUPPORT ITS PROGRAMS. THE ORGANIZATION HAS NOT EXCLUDED THIS AS AN UNUSUAL GIFT IN ITS PUBLIC SUPPORT TEST, BECAUSE IT IS HOPEFUL TO RECEIVE MANY MORE GIFTS OF THIS SIZE FROM VARIOUS DONORS OVER ITS LIFETIME. HOWEVER, IF THIS GIFT WERE EXCLUDED, THE ORGANIZATION'S PUBLIC SUPPORT PERCENTAGE FOR 2017 AND 2016 WOULD BE OVER 70% AND WELL OVER THE 33 1/3% THRESHOLD. THE ORGANIZATION'S MISSION IS TO SUPPORT THE PROGRAMS AND ACTIVITIES OF UNIVERSIDAD FRANCISCO MARROQUIN, A GUATEMALAN UNIVERSITY. THIS MISSION LIMITS THE NUMBER AND TYPES OF POTENTIAL DONORS.THE GOVERNING BODY IS A SMALL BOARD COMPOSED OF COMMITTED STAKEHOLDERS IN THE ORGANIZATION. THERE HAS BEEN SOME HEALTHY TRANSITION ON THE BOARD AND THE ORGANIZATION IS CONSIDERING EXPANDING ITS BOARD TO ADD CAPACITY AND FUNDRAISING ABILITY AS WELL AS PROVIDE EXPERTISE IN AREAS THE ORGANIZATION CAN USE. THE GOVERNING BODY IS VERY COMMITTED TO THE MISSION OF THE ORGANIZATION AND SUPPORTING THE PROGRAMS AND ACTIVITIES OF UNIVERSIDAD FRANCISCO MARROQUIN. THEY ARE PASSIONATE THAT THESE PROGRAMS AND ACTIVITIES MAKE A DIFFERENCE IN THE LIVES OF THE STUDENTS, TEACHERS, AND OTHERS ASSOCIATED WITH THE UNIVERSITY AND WILL RESULT IN A BETTER SOCIETY IN GUATEMALA AND THE WORLD.THROUGH DECEMBER 31, 2017, THE ORGANIZATION HAS EXPENDED OVER $3.6 MILLION IN SUPPORT TO THE PROGRAMS AND ACTIVITIES OF UNIVERSIDAD FRANCISCO MARROQUIN. THIS SUPPORT HAS BEEN IN A BROAD REPRESENTATION OF THE PROGRAMS AND ACTIVITIES IN THE UNIVERSITY AND HAS MADE A SIGNIFICANT DIFFERENCE IN THE LIVES OF THOSE THAT PARTICIPATE IN THOSE PROGRAMS AND IN THE HEALTH OF THE UNIVERSITY AS A WHOLE. 17499 11824 5675 5675 X 663206 50204 50204 613002 -86 -86 612916 888871 50204 50204 838667 -86 -86 838581 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. 1 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS FUNDING OF PROGRAMS - THE ANTIGUA FORUM, THE DEPARTMENT OF PERFORMING ARTS, FINANCE RESEARCH CENTER, HUMAN RIGHTS CENTER, ITA SCHOLARSHIP PROGRAMS, MOOC ON SCHOOL OF SALAMANCA, NEXT STEP, ONGOING LEARNING, SCHOOL OF FILM AND VISUAL ARTS, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS INCLUDING LATIN AMERICAN LIBERTY FORUM, THE ATLAS LEADERSHIP ACADEMY, CASA POPENOE, UNIVERSIDAD FRANCISCO MARROQUIN'S NEW CAMPUS IN MADRID, SPAIN, AND UNIVERSIDAD FRANCISCO MARROQUIN'S DEVELOPMENT DEPARTMENT. 810740 0 0 0 0 0 0 810740 0 810740 CENTRAL AMERICA EDUCATIONAL PURPOSES - THE ANTIGUA FORUM, THE DEPARTMENT OF PERFORMING ARTS, FINANCE RESEARCH CENTER, HUMAN RIGHTS CENTER, ITA SCHOLARSHIP PROGRAMS, MOOC ON SCHOOL OF SALAMANCA, NEXT STEP, ONGOING LEARNING, SCHOOL OF FILM AND VISUAL ARTS, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS INCLUDING LATIN AMERICAN LIBERTY FORUM, THE ATLAS LEADERSHIP ACADEMY, CASA POPENOE, UNIVERSIDAD FRANCISCO MARROQUIN'S NEW CAMPUS IN MADRID, SPAIN, AND UNIVERSIDAD FRANCISCO MARROQUIN'S DEVELOPMENT DEPARTMENT. 810740 WIRE TRANSFER 1 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. FORM 990, PART III, LINE 2 IN 2017, THE ORGANIZATION REORGANIZED ITS PROGRAMS AND ADDED NEW PROGRAM AREAS. ALL OF THE NEW AND EXISTING PROGRAMS OF THE ORGANIZATION ARE DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS, SUPPORT PROGRAMS AND ACTIVITIES AT THE UNIVERSIDAD FRANCISCO MARROQUIN, AND ARE CONSISTENT WITH THE MISSION OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990, INCLUDING SCHEDULES, TO THE NEW EXECUTIVE DIRECTOR AND TREASURER 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 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, INCLUDING IT'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION.