BETA

FRIENDS OF UFM INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF UFM INC (EIN 27-2852264)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-10
IRS object ID
201613159349302756
Schema version
2015v2.1
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)
Return2016-11-10T13:16:43-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Phone9043752944PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 71AddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34995ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWAYNE LEIGHTONPersonNm
Person TitleSECRETARY-TREASURERPersonTitleTxt
Phone9043752944PhoneNum
Signature2016-11-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY P HAYDENPreparerPersonNm
PTINP00057870PTIN
Phone7038932660PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerLISA HAZLETT ROBERTSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 71AddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34995ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,782,613GrossReceiptsAmt
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 Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$384,892PYContributionsGrantsAmt
CY Contributions Grants$1,782,609CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$4CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$384,892PYTotalRevenueAmt
CY Total Revenue$1,782,613CYTotalRevenueAmt
PY Grants And Similar Paid$328,109PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,780,291CYGrantsAndSimilarPaidAmt
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$180PYOtherExpensesAmt
CY Other Expenses$4,050CYOtherExpensesAmt
PY Total Expenses$328,289PYTotalExpensesAmt
CY Total Expenses$1,784,341CYTotalExpensesAmt
PY Revenues Less Expenses$56,603PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,728CYRevenuesLessExpensesAmt
Total Assets BOY$56,603TotalAssetsBOYAmt
Total Assets EOY$69,115TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$56,603NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$69,115NetAssetsOrFundBalancesEOYAmt
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$100,058ExpenseAmt
Grant$100,058GrantAmt
DescANITGUA FORUM - FRIENDS OF UFM PROVIDED SUPPORT FOR AN EDUCATIONAL CONFERENCE SPONSORED BY THE UNIVERSIDAD FRANCISCO MARROQUIN, GUATEMALA CITY, GUATEMALA. THE FORUM IS AN EDUCATIONAL CONFERENCE THAT GATHERS POLITICAL LEADERS, ENTREPRENEURS, AND EXPERTS FROM AROUND THE WORLD TO WORK ON PROJECTS IN ORDER TO FIND REAL SOLUTIONS TO REAL PROBLEMS. 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 INTEDED.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,559,519ExpenseAmt
Grant$1,559,519GrantAmt
DescNEXT STEP - FRIENDS OF UFM SUPPORTED A PROGRAM AT THE UNIVERSIDAD FRANCISCO MARROQUIN CALLED "NEXT STEP." RESOLUTION WAS APPROVED AND 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$54,220ExpenseAmt
Grant$54,220GrantAmt
DescADOLFO 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. A COPY OF THE MINUTES OF SAID RESOLUTION ARE AVAILABLE FOR INSPECTION.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (4 entries)

ExpenseExpenseAmtGrantGrantAmtDescDesc
$1,250$1,250MANUEL 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).
$3,550$3,550ORGANIZATION FOR THE ARTS - FRIENDS OF UFM SUPPORTS THE UNIVERSIDAD FRANCISCO MARROQUIN'S PERFORMING ARTS PROGRAM, ORGANIZATION FOR THE ARTS.
$51,500$51,500STARTUP CITIES INSTITUTE - FRIENDS OF UFM SUPPORTS THE 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.
$10,194$10,194
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$66,494TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$66,494TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$1,780,291TotalProgramServiceExpensesAmt
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 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
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 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
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9043752944PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 71AddressLine1Txt
CitySTUARTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34995ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DANE STARBUCK
PRESIDENT2.00Yes (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
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$1,782,609AllOtherContributionsAmt
Total Contributions$1,782,609TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4TotalRevenueColumnAmt
Exclusion$4ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,782,613TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,780,291TotalAmt
Program Services$1,780,291ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,075TotalAmt
Management And General$3,075ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$975TotalAmt
Management And General$975ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,784,341TotalAmt
Program Services$1,780,291ProgramServicesAmt
Management And General$4,050ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$56,603BOYAmt
EOY$54,151EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$540EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$14,424EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$56,603BOYAmt
EOY$69,115EOYAmt

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$56,603BOYAmt
EOY$9,948EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$59,167EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$56,603BOYAmt
EOY$69,115EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$56,603BOYAmt
EOY$69,115EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,728ReconcilationRevenueExpnssAmt
Prior Period Adjustments$14,240PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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$172,550CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$180,699CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$245,736CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$384,892CurrentTaxYearMinus1YearAmt
Current Tax Year$1,782,609CurrentTaxYearAmt
Total$2,766,486TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$172,550CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$180,699CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$245,736CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$384,892CurrentTaxYearMinus1YearAmt
Current Tax Year$1,782,609CurrentTaxYearAmt
Total$2,766,486TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,159,023SubstantialContributorsTotAmt
Public Support Total170$607,463PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$4CurrentTaxYearAmt
Total$4TotalAmt
FieldValueIRS element (for citing)
Total Support$2,766,490TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

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

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,782,613TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,782,613RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,782,613TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,784,341TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,784,341ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,784,341TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationACCOUNTING FOR UNCERTAIN TAX POSITIONS, RELATING TO BOTH FEDERAL AND STATE INCOME TAXES, ARE REQUIRED WHEN A MORE LIKELY THAN NOT THRESHOLD IS ATTAINED. IF SUCH POSITIONS RESULT IN UNCERTAINTIES, THEN THE UNRECOGNIZED TAX LIABILITY IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT ITS TAX STATUS AS A NON-PROFIT CORPORATION IS ITS ONLY TAX POSITION AND IT IS HIGHLY CERTAIN.ExplanationTxt

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 - ANTIGUA FORUM, NEXT STEP, ADOLFO LAU SCHOLARSHIP, MANUEL F. AYAU SOCIETY, ORGANIZATION FOR THE ARTS, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS.SpecificServicesProvidedTxt
Region Total Expenditures$1,780,291RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$1,780,291SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$1,780,291TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICARegionTxt
Purpose Of GrantEDUCATIONAL PURPOSES - ANTIGUA FORUM, NEXT STEP, ADOLFO LAU SCHOLARSHIP, MANUEL F. AYAU SOCIETY, ORGANIZATION FOR THE ARTS, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS.PurposeOfGrantTxt
Cash Grant$1,780,291CashGrantAmt
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 EDUCATIONAL RELATED PROJECTS. GRANTS ARE DOCUMENTED IN FRIENDS OF UFM MINUTES AND REPORTS ARE REQUESTED FROM UFM DOCUMENTING ACTIVITIES AND USES OF FUNDS GRANTED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990, INCLUDING SCHEDULES, TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THIS RETURN. FURTHER, IT REQUESTED AND OBTAINED VERIFICATION FROM ALL DIRECTORS AND OFFICERS THAT HAD REVIEWED FORM 990, CONCURRED WITH ITS ACCURACY TO THE BEST OF THEIR KNOWLEDGE, AND THAT THEY APPROVED ITS FILING.
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 BAORD OF DIRECTORS OR COMMITTEE MEETING, AFTER WHICH THE BAORD DISCUSSES AND VOTES ON THE ARRANGEMENT. IF THE CHAIRPERSON OF THE BOARD OF DIRECTORS OR COMMITTEE, DEEMS IT APPROPRIATE, 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 CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION.
FORM 990 PART XII, LINE 1FRIENDS OF UFM CHANGED ITS METHOD OF ACCOUNTING FROM CASH TO ACCRUAL BASIS IN 2015 IN CONFORMITY WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 116, ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE (SFAS 116), NOW CODIFIED IN FASB ACCOUNTING STANDARDS CODIFICATION 958, NOT-FOR-PROFIT ENTITIES (ASC 958). THE CUMULATIVE IMPACT OF $14,240 REPORTED IN PART XI, LINE 8, PRIOR PERIOD ADJUSTMENTS.
FORM 990 PART XII, LINE 2CFRIENDS OF UFM HAD ITS FIRST AUDIT FOR THE YEAR ENDED DECEMBER 31, 2015. THE AUDITORS WERE HIRED BY AND THE AUDIT WAS MONITORED BY THE BOARD OF DIRECTORS.

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