Foreign Policy Research Institute

“The form 990 is prepared by an independent accounting firm. A draft of the form 990 is reviewed by senior management and the finance committee of the board of trustees for their review and commentary. The version of the form 990 prepared for electronic filing is then provided to the board of trustees for final review before e-filing.”

“Conflict of interest certifications are requested from trustees and other officers at the beginning of each calendar year. Management provides copies of 1) the conflict of interest policy; 2) a list of vendors, financial institutions, employees and independent contractors with which the organization does business; and 3) a certification form to be returned, certifying that:1) the individual has received copy of the confilict of interest policy and 2) specifying the individual's conflicts of interest, if any, or specifiying that the individual has no conflicts. Interim certification requests are submitted to individuals for actual or potential conflicts that arise between annual certifications. Potential conflicts that are disclosed are discussed and acted upon by the full board of trustees. Board actions may include: determination that no actual conflict exists and that no further action is required based on any reasonable grounds, including the nominal nature of any interest involved. If an actual conflict is determined to exist, neither fpri or nor the interested person shall enter into or continue the transaction or arrangement presenting the conflict, unless it is approved by the board. In approving a transaction or relationship where there is a conflict, the board shall consider whether a more favorable alternative transaction or arrangement is available with a party that does not present a conflict. If a more advantageous non-conflict transaction or arrangement is not reasonably possible under the circumstances, the board shall determine, by a majority of the disinterested trustees, whether to approve a conflict by considering whether such conflict is in the organization's best interest and whether it is fair and reasonable. Individuals who have conflicts are not permitted to participate in the discussions or decisions concerning conflicts of interest.”

“Compensation of the president is reviewed and recommended to the board of trustees by the board's compensation committee as part of the process of approving the annual budget. Criteria used in the committee's deliberations include: compensation paid by similar organizations in terms of focus/size. The board of trustees reviews the committee's recommendation and either approves the recommendation or approves a revised amount compensation. Compensation of other officers is determined by senior management, in consultation with the compensation committee, with reference to compensation levels for similar positions in similar organizations. Deliberations and final determination of compensation for the president and other officers are timely documented. The process described here was last completed in 2023.”

“The organization's governing documents and conflict of interest policy are available to the public upon request. The organization's recent financial statements are published on the website; prior years are available upon request.”