2017-11-14T12:25:37-06:00 2016-12-31 520901831 ROSS LANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2016-01-01 272852264 FRIENDS OF UFM INC FRIE 3056065939 C/O RLM 7900 WESTPARK DRIVE NO T420 MCLEAN VA 22102 WAYNE LEIGHTON SECRETARY-TREASURER 3056065939 2017-11-14 1 JEFFREY P HAYDEN P00057870 7038932660 X 208.82.213.4 2017-11-14 09:08:10 ES P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 B602D594AFD2B0B327E07A06F36CA6A7E42546D0 2016 2017-02-10 21:41:12Z X RODOLFO MILANI C/O RLM 7900 WESTPARK DRIVE NO T420 MCLEAN VA 22102 753067 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 1782609 753067 0 0 4 0 0 0 1782613 753067 1780291 461507 0 0 0 0 0 0 0 4050 10593 1784341 472100 -1728 280967 69115 343833 0 0 69115 343833 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 132005 132005 THE 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. 100000 100000 NEXT 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. 101891 101891 LATIN 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. 21858 21858 MANUEL 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). 22000 22000 ORGANIZATION FOR THE ARTS/DEPT OF PERFORMING ARTS (ORPA) - FRIENDS OF UFM SUPPORTS THE UNIVERSIDAD FRANCISCO MARROQUIN'S PERFORMING ARTS PROGRAM. 25050 25050 STARTUP 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. 500 500 ADOLFO 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. 58203 58203 OTHER 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. 127611 127611 461507 1 1 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 0 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 0 0 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 X ROSS LANGAN & MCKENDREE LLP 7038932660 7900 WESTPARK DRIVE T420 MCLEAN VA 22102 X DANE STARBUCK PRESIDENT (UNTIL DEC 2016) 2.00 X X 0 0 0 VIDAR JORGENSEN DIRECTOR 2.00 X 0 0 0 WAYNE A LEIGHTON TREASURER 2.00 X X 0 0 0 RODOLFO MILANI PRESIDENT (FROM DEC 2016) 0.00 X X 0 0 0 LISA HAZLETT ROBERTS EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 753067 753067 753067 0 0 0 461507 461507 1423 1423 2500 2500 937 937 5245 5245 488 488 472100 461507 10593 0 54151 233783 540 100000 14424 10050 69115 343833 0 0 X 9948 5027 59167 338806 69115 343833 69115 343833 280967 -6249 0 X 0 0 0 X 180699 245736 384892 1782609 753067 3347003 180699 245736 384892 1782609 753067 3347003 2328438 1018565 4 0 4 3347007 0.30430 X THE 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS FUNDING 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. 461507 0 0 0 0 0 0 461507 0 461507 CENTRAL AMERICA EDUCATIONAL 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. 461507 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 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. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C FRIENDS 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 19 FRIENDS OF UFM MAKES ALL GOVERNING DOCUMENTS, INCLUDING IT'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION.