﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2010v3.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-07-19T16:22:52-05:00</Timestamp>
    <TaxPeriodEndDate>2011-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>MCAFEE &amp; ASSOCIATES PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>4341 S WESTNEDGE AVE STE 2102</AddressLine1>
        <City>KALAMAZOO</City>
        <State>MI</State>
        <ZIPCode>49008</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2010-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>320031150</EIN>
      <Name>
        <BusinessNameLine1>FRIENDS OF OLANCHO</BusinessNameLine1>
      </Name>
      <NameControl>FRIE</NameControl>
      <Phone>2693454389</Phone>
      <USAddress>
        <AddressLine1>4408 S WESTNEDGE AVE</AddressLine1>
        <City>KALAMAZOO</City>
        <State>MI</State>
        <ZIPCode>49008</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>FR PETER GREGOR</Name>
      <Title>TREASURER</Title>
      <Phone>2693454389</Phone>
      <DateSigned>2011-07-15</DateSigned>
    </Officer>
    <Preparer>
      <Name>TIMOTHY A MCAFEE</Name>
      <Phone>2694920595</Phone>
      <DatePrepared>2011-07-15</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990EZ documentId="RetDoc5" referenceDocumentId="RetDoc4">
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="RetDoc3">X</Organization501c3>
      <GrossReceipts>102830</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>28288</ContributionsGiftsGrantsEtc>
      <InvestmentIncome>2121</InvestmentIncome>
      <GrossAmountFromSaleOfAssets>72421</GrossAmountFromSaleOfAssets>
      <CostOtherBasisAndSalesExpenses>68382</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>4039</GainOrLossFromSaleOfAssets>
      <TotalRevenue>34448</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>25000</GrantsAndSimilarAmountsPaid>
      <SalariesOtherCompEmplBenefits>12904</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>258</FeesAndOthPymtToIndContractors>
      <OtherExpensesTotal>2940</OtherExpensesTotal>
      <TotalExpenses>41102</TotalExpenses>
      <ExcessOrDeficitForYear>-6654</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>86395</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>79741</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>86395</BOY>
        <EOY>79741</EOY>
      </CashSavingsAndInvestments>
      <TotalAssets>
        <BOY>86395</BOY>
        <EOY>79741</EOY>
      </TotalAssets>
      <NetAssetsOrFundBalances>
        <BOY>86395</BOY>
        <EOY>79741</EOY>
      </NetAssetsOrFundBalances>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <PrimaryExemptPurpose>TO PROVIDE FINANCIAL SUPPORT, IN GENERAL, TO THE DIOCESE OF COMAYAGUA, HONDURAS AND, MORE SPECIFICALLY, TO SUPPORT THE MINOR AND MAJOR SEMINARIES IN THE EDUCATION OF YOUNG MEN FOR THE ROMAN CATHOLIC PRIESTHOOD.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SUPPORT OF MINOR AND MAJOR SEMINARY OF THE ROMAN CATHOLIC DIOCESE OF COMAYAGUA, HONDURAS, CENTRAL AMERICA</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>25000</GrantsAndAllocations>
        <IncludesForeignGrants>X</IncludesForeignGrants>
        <ProgramServiceExpenses>25000</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>SUPPORT OF MINOR AND MAJOR SEMINARY OF THE ROMAN CATHOLIC DIOCESE OF COMAYAGUA, HONDURAS, CENTRAL AMERICA</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>16102</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>41102</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">FR PAUL KERSEY</PersonName>
        <AddressUS>
          <AddressLine1>266 ASHLAND DR</AddressLine1>
          <City>ELLENBORO</City>
          <State>NC</State>
          <ZIPCode>28040</ZIPCode>
        </AddressUS>
        <Title>PRESIDENT</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>2000</Compensation>
        <ContriToEmplBenefitPlansEtc>5919</ContriToEmplBenefitPlansEtc>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">FR PETER GREGOR</PersonName>
        <AddressUS>
          <AddressLine1>9370 ALIDOR ST</AddressLine1>
          <City>SCHOOLCRAFT</City>
          <State>MI</State>
          <ZIPCode>49087</ZIPCode>
        </AddressUS>
        <Title>SECY, TREASU</Title>
        <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>2000</Compensation>
        <ContriToEmplBenefitPlansEtc>2679</ContriToEmplBenefitPlansEtc>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">FR LAWRENCE FARRELL</PersonName>
        <AddressUS>
          <AddressLine1>4408 S WESTNEDGE AVE</AddressLine1>
          <City>KALAMAZOO</City>
          <State>MI</State>
          <ZIPCode>49008</ZIPCode>
        </AddressUS>
        <Title>TRUSTEE</Title>
        <AvgHoursPerWkDevotedToPosition>0.50</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName referenceDocumentId="RetDoc2">DR JAMES W MELLIUSH</PersonName>
        <AddressUS>
          <AddressLine1>2318 SHEFFIELD DR</AddressLine1>
          <City>KALAMAZOO</City>
          <State>MI</State>
          <ZIPCode>49008</ZIPCode>
        </AddressUS>
        <Title>TRUSTEE</Title>
        <AvgHoursPerWkDevotedToPosition>0.50</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>MI</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NamePerson>PAUL B KERSEY SR</NamePerson>
        <AddressUS>
          <AddressLine1>266 ASHELAND AVE</AddressLine1>
          <City>ELLENBORO</City>
          <State>NC</State>
          <ZIPCode>28040</ZIPCode>
        </AddressUS>
        <TelephoneNumber>8282483303</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>true</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc3">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>44465</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>37522</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>30542</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>27931</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>28288</CurrentTaxYear>
        <Total>168748</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus1Year>5629</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2121</CurrentTaxYear>
        <Total>7750</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>44465</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>37522</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>30542</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>33560</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>30409</CurrentTaxYear>
        <Total>176498</Total>
      </Total509>
      <PublicSupportTotal509>176498</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>1156</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2144</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>815</CurrentTaxYearMinus2Years>
        <Total>4115</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>1156</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2144</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>815</CurrentTaxYearMinus2Years>
        <Total>4115</Total>
      </InvestmentIncomeAndUBTI>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>45621</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>39666</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>31357</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>33560</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>30409</CurrentTaxYear>
        <Total>180613</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.97720</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.95830</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.02000</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.03000</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleO documentId="RetDoc4">
      <GeneralExplanation>
        <Identifier>GRANTS AND SIMILAR AMTS PAID TO ORGANIZATIONS</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 10</ReturnReference>
        <Explanation>CATHOLIC DIOCESE OF COMAYAGUA EDUCATION OBISPARDO,CALLE DE LA CATEDRAL APARTADO 41, 25,000 0 12101 COMAYAGUA, HO 0</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER EXPENSES</Identifier>
        <ReturnReference>FORM 990-EZ, PART I, LINE 16</ReturnReference>
        <Explanation>EXPENSES TELEPHONE 226 MISCELLANEOUS EXPENSE 1,271 POSTAGE 44 MISSION EXPENSES 1,399 TOTAL 2,940</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PRIMARY EXEMPT PURPOSE</Identifier>
        <ReturnReference>FORM 990-EZ, PART III</ReturnReference>
        <Explanation>TO PROVIDE FINANCIAL SUPPORT, IN GENERAL, TO THE DIOCESE OF COMAYAGUA, HONDURAS AND, MORE SPECIFICALLY, TO SUPPORT THE MINOR AND MAJOR SEMINARIES IN THE EDUCATION OF YOUNG MEN FOR THE ROMAN CATHOLIC PRIESTHOOD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACHIEVEMENTS</Identifier>
        <ReturnReference>FORM 990-EZ, PART III, LINE 31</ReturnReference>
        <Explanation>SUPPORT OF MINOR AND MAJOR SEMINARY OF THE ROMAN CATHOLIC DIOCESE OF COMAYAGUA, HONDURAS, CENTRAL AMERICA</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <CompensationExplanation documentId="RetDoc2">
      <Compensation>
        <PersonName>FR PAUL KERSEY</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>FR PETER GREGOR</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>FR LAWRENCE FARRELL</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>DR JAMES W MELLIUSH</PersonName>
      </Compensation>
    </CompensationExplanation>
  </ReturnData>
</Return>