BETA

FRIENDS OF UFM INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF UFM INC (EIN 27-2852264)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-14
IRS object ID
201743189349305219
Schema version
2016v3.0
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)
Return2017-11-14T12:25:37-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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 Line1C/O RLM 7900 WESTPARK DRIVE NO T420AddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWAYNE LEIGHTONPersonNm
Person TitleSECRETARY-TREASURERPersonTitleTxt
Phone3056065939PhoneNum
Signature2017-11-14SignatureDt
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 Address208.82.213.4IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-14IPDt
IP Tm09:08:10IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id6C9B1A35775087DBDB8A6D25ECA509C7F6C27838AtSubmissionCreationDeviceId
At Submission Filing Device IdB602D594AFD2B0B327E07A06F36CA6A7E42546D0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerRODOLFO MILANIPrincipalOfficerNm

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$753,067GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFRIENDSOFUFM.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 Employee0TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,782,609PYContributionsGrantsAmt
CY Contributions Grants$753,067CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$4PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,782,613PYTotalRevenueAmt
CY Total Revenue$753,067CYTotalRevenueAmt
PY Grants And Similar Paid$1,780,291PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$461,507CYGrantsAndSimilarPaidAmt
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$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,050PYOtherExpensesAmt
CY Other Expenses$10,593CYOtherExpensesAmt
PY Total Expenses$1,784,341PYTotalExpensesAmt
CY Total Expenses$472,100CYTotalExpensesAmt
PY Revenues Less Expenses-$1,728PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$280,967CYRevenuesLessExpensesAmt
Total Assets BOY$69,115TotalAssetsBOYAmt
Total Assets EOY$343,833TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$69,115NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$343,833NetAssetsOrFundBalancesEOYAmt
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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$132,005ExpenseAmt
Grant$132,005GrantAmt
DescTHE ANTIGUA FORUM - THE ANTIGUA FORUM GATHERS POLITICAL LEADERS, ENTREPRENEURS, AND EXPERTS FROM AROUND THE WORLD TO WORK ON PROJECTS THAT FIND REAL SOLUTIONS TO REAL PROBLEMS. AT EACH EVENT, 50 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. FRIENDS OF UFM ISSUED GRANTS TO THE UNIVERSIDAD FRANCISCO MARROQUIN BY FORMAL RESOLUTIONS BY ITS BOARD OF DIRECTORS, DESIGNATING GRANTS AND CONTRIBUTIONS FOR USE IN SUPPORTING THE EDUCATIONAL CONFERENCE KNOWN AS "THE ANTIGUA FORUM." FRIENDS OF UFM REQUESTED THAT A REPORT BE ISSUED BY UFM DOCUMENTING SAID GRANTS WERE USED AS INTENDED.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$100,000ExpenseAmt
Grant$100,000GrantAmt
DescNEXT STEP - FRIENDS OF UFM SUPPORTED A PROGRAM AT THE UNIVERSIDAD FRANCISCO MARROQUIN CALLED "NEXT STEP." RESOLUTION WAS APPROVED AND A GRANT WAS ISSUED BY THE DIRECTORS OF FRIENDS OF UFM FOR THE PROGRAM. THE NEXT STEP PROGRAM IS A PROJECT LED BY UNIVERSIDAD FRANCISCO MARROQUIN'S CENTRO HENRY HAZLITT, THE HUB FOR DEVELOPING CURRICULA AND ACTIVITIES RELATED TO THE UNIVERSIDAD FRANCISCO MARROQUIN'S MISSION. THERE ARE FIVE COMPONENTS THAT FOCUS ON PEDAGOGICAL REFORMS, MULTIMEDIA PUBLICATIONS, AND OUTREACH PROGRAMS THAT CAN EXPAND UNIVERSIDAD FRANCISCO MARROQUIN'S IMPACT BEYOND GUATEMALA: A FILM AND MEDIA STUDIES UNIT, FOR MASSIVELY OPEN ONLINE COURSES (MOOCS) ON "DON QUIXOTE,"TWO PUBLICATIONS OF A QUARTERLY NEWSLETTER ON ECONOMICS, A REVIEW OF FREE ENTERPRISE IN GUATEMALA AND AN ANALYSIS.... - CONTINUED ON SCHEDULE O FROM PAGE 2 ....OF THE CURRENT BUSINESS CYCLE, AND AN ONLINE K-7 PRIMARY SCHOOL PROGRAM.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$101,891ExpenseAmt
Grant$101,891GrantAmt
DescLATIN AMERICA LIBERTY FORUM - A FORUM HELD IN GUATEMALA CITY TO ENABLE THOSE WITHIN LATIN AMERICA THAT STRIVE TO LIMIT THE POWER OF GOVERNMENTS, ERADICATE CORRUPTION, AND PROMOTE THE FLOURISHING OF FREE ENTERPRISE AND PRIVATE INITIATIVE AS AN ENGINE FOR DEVELOPMENT. FRIENDS OF UFM ISSUED GRANTS TO THE UNIVERSIDAD FRANCISCO MARROQUIN BY FORMAL RESOLUTIONS BY ITS BOARD OF DIRECTORS, DESIGNATING GRANTS AND CONTRIBUTIONS FOR USE IN SUPPORTING THE LATIN AMERICA LIBERTY FORUM.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (5 entries)

ExpenseExpenseAmtGrantGrantAmtDescDesc
$21,858$21,858MANUEL F. AYAU SOCIETY - THE MANUEL F. AYAU SOCIETY WAS ESTABLISHED BY THE UNIVERSIDAD FRANCISCO MARROQUIN AND FRIENDS OF UFM TO HONOR THE LEGACY OF MANUEL F. AYAU. THE SOCIETY SUPPORTS TWO INITIATIVES THAT MR. AYAU WAS PASSIONATE ABOUT: THE ITA SCHOLARSHIP PROGRAM (MFA SCHOLARS) AND VISITING PROFESSORS IN ECONOMICS (MFA PROFESSORSHIP).
$22,000$22,000ORGANIZATION FOR THE ARTS/DEPT OF PERFORMING ARTS (ORPA) - FRIENDS OF UFM SUPPORTS THE UNIVERSIDAD FRANCISCO MARROQUIN'S PERFORMING ARTS PROGRAM.
$25,050$25,050STARTUP CITIES INSTITUTE - FRIENDS OF UFM SUPPORTS THE STARTUP CITIES INSTITUTE. THE STARTUP CITIES INSTITUTE IS A RESEARCH AND DEVELOPMENT GROUP 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.
$500$500ADOLFO LAU SCHOLARSHIP - FRIENDS OF UFM SUPPORTS THE ADOLFO LAU SCHOLARSHIP PROGRAM AT THE UNIVERSIDAD FRANCISCO MARROQUIN. ADOLFO LAU WAS A LONG-TIME PROFESSOR OF ARCHITECTURE AT UFM WHO PASSED AWAY IN 2012. THE ADOLFO LAU SCHOLARSHIP SUPPORTS THE ITA SCHOLARSHIP PROGRAM AT UFM, WHICH PROVIDES FINANCIAL SUPPORT TO EXTREMELY POOR, BUT HIGHLY QUALIFIED AND AMBITIOUS STUDENTS FROM GUATEMALA TO ATTEND UFM. ITA IS A SPANISH ACRONYM MEANING "PROMOTING ACADEMIC TALENT." RESOLUTIONS WERE APPROVED BY THE DIRECTORS OF FRIENDS OF UFM FOR SAID PURPOSE.
$58,203$58,203OTHER PROGRAM EXPENSES - THE ORGANIZATION HAS OTHER SMALL PROGRAMS INCLUDING ATLAS LEADERSHIP ACADEMY, HUMAN RIGHTS CENTER, AS WELL AS OTHER GENERAL AND ADMINISTRATIVE SUPPORT TO THE UNIVERSIDAD FRANCISCO MARROQUIN.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$127,611TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$127,611TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$461,507TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
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 Body0Form990ProvidedToGvrnBodyInd
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
Other WebsiteYes (X)OtherWebsiteInd
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 (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DANE STARBUCK
PRESIDENT (UNTIL DEC 2016)2.00Yes (X)Yes (X)$0$0$0
VIDAR JORGENSEN
DIRECTOR2.00Yes (X)$0$0$0
WAYNE A LEIGHTON
TREASURER2.00Yes (X)Yes (X)$0$0$0
RODOLFO MILANI
PRESIDENT (FROM DEC 2016)0.00Yes (X)Yes (X)$0$0$0
LISA HAZLETT ROBERTS
EXECUTIVE DIRECTOR40.00Yes (X)$0$0$0
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
All Other Contributions$753,067AllOtherContributionsAmt
Total Contributions$753,067TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$753,067TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$461,507TotalAmt
Program Services$461,507ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,423TotalAmt
Management And General$1,423ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt
Management And General$2,500ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$937TotalAmt
Management And General$937ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,245TotalAmt
Management And General$5,245ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$488TotalAmt
Management And General$488ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$472,100TotalAmt
Program Services$461,507ProgramServicesAmt
Management And General$10,593ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,151BOYAmt
EOY$233,783EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$540BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$100,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,424BOYAmt
EOY$10,050EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$69,115BOYAmt
EOY$343,833EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,948BOYAmt
EOY$5,027EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$59,167BOYAmt
EOY$338,806EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$69,115BOYAmt
EOY$343,833EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$69,115BOYAmt
EOY$343,833EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$280,967ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$6,249PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
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$180,699CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$245,736CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$384,892CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,782,609CurrentTaxYearMinus1YearAmt
Current Tax Year$753,067CurrentTaxYearAmt
Total$3,347,003TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$180,699CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$245,736CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$384,892CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,782,609CurrentTaxYearMinus1YearAmt
Current Tax Year$753,067CurrentTaxYearAmt
Total$3,347,003TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,328,438SubstantialContributorsTotAmt
Public Support Total170$1,018,565PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$4CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$4TotalAmt
FieldValueIRS element (for citing)
Total Support$3,347,007TotalSupportAmt
Public Support CY1700.30430PublicSupportCY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestTHE ORGANIZATION QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION AND MEETS THE 10% FACTS AND CIRCUMSTANCES TEST IN 2016. THE ORGANIZATION WAS IN ITS 6TH YEAR OF OPERATION IN 2016. IN 2015, THEREFORE, THE ORGANIZATION WAS NOT REQUIRED TO CALCULATE A PUBLIC SUPPORT PERCENTAGE ON ITS 990 FILING. HOWEVER, IF THE ORGANIZATION WERE TO PREPARE A PUBLIC SUPPORT TEST FOR 2015, IT WOULD HAVE BEEN 14.73%. IN 2016, THE ORGANIZATION RAISED THIS TO 30.43%. IN 2017, 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 2017, 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.THROUGH SEPTEMBER 2017, THE ORGANIZATION HAS RECEIVED CONTRIBUTIONS FROM OVER 80 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 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, 2016, THE ORGANIZATION HAS EXPENDED OVER $2.5 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.FactsAndCircumstancesTestTxt

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 F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICARegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedPROGRAM SERVICES AND GRANTSTypeOfActivitiesConductedTxt
Specific Services ProvidedFUNDING OF PROGRAMS - THE ANTIGUA FORUM, LATIN AMERICAN LIBERTY FORUM, ADOLFO LAU SCHOLARSHIP, MANUEL F. AYAU SOCIETY, ORGANIZATION FOR THE ARTS/DEPT OF PERFORMING ARTS (ORPA), NEXT STEP, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS.SpecificServicesProvidedTxt
Region Total Expenditures$461,507RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$461,507SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$461,507TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICARegionTxt
Purpose Of GrantEDUCATIONAL PURPOSES - THE ANTIGUA FORUM, NEXT STEP, LATIN AMERICAN LIBERTY FORUM, ADOLFO LAU SCHOLARSHIP, MANUEL F. AYAU SOCIETY, ORGANIZATION FOR THE ARTS/DEPT OF PERFORMING ARTS (ORPA), STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS.PurposeOfGrantTxt
Cash Grant$461,507CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS 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 FRIENDS OF UFM BOARD, DOCUMENTED IN FRIENDS OF UFM MINUTES, AND REPORTS DOCUMENTING ACTIVITIES AND USES OF FUNDS GRANTED ARE REQUESTED FROM UFM AND REVIEWED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990, INCLUDING SCHEDULES, TO THE TREASURER OF ITS GOVERNING BODY BEFORE FILING THIS RETURN.
FORM 990, PART VI, SECTION B, LINE 12CFRIENDS OF UFM'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 DIRECTORS AND MEMBERS OF COMMITTEES WITH 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 OR COMMITTEE MEETING, AFTER WHICH THE BOARD DISCUSSES AND VOTES ON THE ARRANGEMENT. IF THE CHAIRPERSON OF THE BOARD OF DIRECTORS OR COMMITTEE 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 19FRIENDS OF UFM MAKES ALL GOVERNING DOCUMENTS, INCLUDING IT'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION.

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