International Vaccine Institute

“The ivi board has delegated the authority to act on its behalf to the executive committee. The executive committee consists of nine members (board chair, board vice-chair, chairs of board committees, director-general of ivi, and a host country representative), which all are on the governing body. The scope of the committee's authority is to act on behalf of the board between full board meetings and supervise the execution of the board decisions.”

“The director general of the institute is also a voting member of the board; thus, he/she can participate in the election of the board.”

“The finance team makes a first draft of form 990 and the related schedules. Hr provides specific information on compensation and other teams provide fundraising, governance and management information. Public accountant prepares the return on ivi's behalf and this is reviewed in turn by the coo and head of finance for accuracy.”

“The ivi hr provides a copy of the conflict of interest policy to all directors, officers and staff to review and complete a declaration of conflict of interest annually. In connection with any actual or potential conflict of interest, each interested person must disclose the existence of his or her significant financial interests, significant equity interests, intellectual property interests or outside interests to the conflict coordinator (director general) who may create a conflict committee composed of three other members of the ivi staff to review conflict of interest issues that may arise. The conflict committee shall be responsible for ensuring that relevant conflicts of interest, and the procedures taken to eliminate, reduce or manage those conflicts, are disclosed at or prior to any board of trustees meeting. The committee shall keep a record of all actual and potential conflicts of interest and report annually thereon to the board of trustees. In case of trustees, ivi board secretariat provides a copy of the conflict of interest policy to the members when they first join, all members must submit a signed copy of the disclosure of actual and potential conflicts of interest to ivi. The members should report their changes of status to the board secretariat.”

“The ivi undertakes a comprehensive compensation study for its top management official. A compensation consultant conducts the study and looks at compensation among comparable organizations with similar positions and responsibilities in order to provide market data to determine ivi staff member compensation. Compensation is set by independent persons, and contemporaneous documentation of the process is retained.”

“The ivi undertakes a comprehensive compensation study for all other officers. A compensation consultant conducts the study and looks at compensation among comparable organizations with similar positions and responsibilities in order to provide market data to determine ivi staff member compensation. Compensation is set by independent persons, and contemporaneous documentation of the process is retained.”

“The ivi's governing documents establishment agreement, headquarters agreement, constitution and amendments to the constitution are available on ivi's website. The summary of financial report is included in ivi's annual report. The audit report is also shared on ivi's website.”

“FOREIGN EXCHANGE LOSS - Total Revenue: -2709905, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: -2709905;”

“Ivi is the only international organization in the world exclusively dedicated to discovering, developing and delivering vaccines for global health. Ivi focuses on vaccines against infectious diseases of the most impoverished. We aim to make vaccines available and accessible for vulnerable populations in developing countries. We live in an increasingly globalized world where new and emerging infectious diseases can become global health threats. Ivi also focuses on vaccines against infectious diseases of major global health concern. Our research spans the entire vaccine spectrum from discovery and preclinical development in our seoul-based labs to clinical development at field sites in developing countries to generating scientific evidence on the need for vaccination in countries where vaccines are most needed. Our headquarters in seoul have state-of-the art lab facilities, animal house, and research teams that include clinical immunology, process development, epidemiology, clinical & regulatory, biostatistics & data management, and policy & economic research. Outside of seoul, we have a global network of field sites in more than 20 countries in asia, africa, and the americas. We manage field sites in collaboration with regional and in-country partners. We work with local partners to implement translational and field research projects, and we also provide training and technical assistance.”

“(Expenses $ 53,856,951 including grants of $ 25,821,042)(Revenue $ 0) ALL OTHER PROGRAMS”

“Ivi's headquarters is based in seoul, korea. Since the organization is not united states based, the organization has only filed (3) form w-2s for employees residing in the united states. As of december 31, 2024, the organization reports 260 employees.”

“Ivi is a foreign organization. It is not required to file form fincen 114 (report of foreign bank and financial accounts).”

“PRIOR YEAR GRANT REVERSAL - 238523; Total - 238523;”