2016-11-10T13:16:43-06:00 2015-12-31 520901831 ROSS LANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2015-01-01 272852264 FRIENDS OF UFM INC FRIE 9043752944 PO BOX 71 STUART FL 34995 WAYNE LEIGHTON SECRETARY-TREASURER 9043752944 2016-11-08 1 JEFFREY P HAYDEN P00057870 7038932660 X 2015 2017-02-10 21:41:12Z X LISA HAZLETT ROBERTS PO BOX 71 STUART FL 34995 1782613 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 3 0 0 384892 1782609 0 0 0 4 0 0 384892 1782613 328109 1780291 0 0 0 0 0 0 0 180 4050 328289 1784341 56603 -1728 56603 69115 0 0 56603 69115 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 100058 100058 ANITGUA 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. 1559519 1559519 NEXT 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. 54220 54220 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. A COPY OF THE MINUTES OF SAID RESOLUTION ARE AVAILABLE FOR INSPECTION. 1250 1250 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). 3550 3550 ORGANIZATION FOR THE ARTS - FRIENDS OF UFM SUPPORTS THE UNIVERSIDAD FRANCISCO MARROQUIN'S PERFORMING ARTS PROGRAM, ORGANIZATION FOR THE ARTS. 51500 51500 STARTUP 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. 10194 10194 66494 66494 1780291 1 1 0 0 0 0 0 0 0 0 0 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 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 1 1 1 1 0 0 0 0 0 IN X X THE ORGANIZATION 9043752944 PO BOX 71 STUART FL 34995 X DANE STARBUCK PRESIDENT 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 LISA HAZLETT ROBERTS EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 1782609 1782609 4 4 1782613 0 0 4 1780291 1780291 3075 3075 975 975 1784341 1780291 4050 0 56603 54151 540 14424 56603 69115 0 0 X 56603 9948 59167 56603 69115 56603 69115 -1728 14240 0 X X 0 1 X 1 0 X 172550 180699 245736 384892 1782609 2766486 0 0 0 0 0 0 0 0 0 0 172550 180699 245736 384892 1782609 2766486 2159023 607463 4 4 2766490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1782613 0 1782613 0 1782613 1784341 0 1784341 0 1784341 PART X, LINE 2: ACCOUNTING 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. 1 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS FUNDING OF PROGRAMS - ANTIGUA FORUM, NEXT STEP, ADOLFO LAU SCHOLARSHIP, MANUEL F. AYAU SOCIETY, ORGANIZATION FOR THE ARTS, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS. 1780291 0 0 0 0 0 0 1780291 0 1780291 CENTRAL AMERICA EDUCATIONAL PURPOSES - ANTIGUA FORUM, NEXT STEP, ADOLFO LAU SCHOLARSHIP, MANUEL F. AYAU SOCIETY, ORGANIZATION FOR THE ARTS, STARTUP CITIES INSTITUTE, AND OTHER PROGRAMS. 1780291 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 EDUCATIONAL RELATED PROJECTS. GRANTS ARE DOCUMENTED IN FRIENDS OF UFM MINUTES AND REPORTS ARE REQUESTED FROM UFM DOCUMENTING ACTIVITIES AND USES OF FUNDS GRANTED. FORM 990, PART VI, SECTION B, LINE 11 THE 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 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 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 19 FRIENDS OF UFM MAKES ALL GOVERNING DOCUMENTS, INCLUDING CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE FOR PUBLIC INSPECTION. FORM 990 PART XII, LINE 1 FRIENDS 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 2C FRIENDS 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.