Civic Intelligence

Halifax International Security Forum

990 • Fiscal year 2020 • EIN 45-2826015

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

1740 N Street NWWashington, DC 20036

(202) 688-2470

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.82x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.47x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

36th percentile

-0.2%

Higher net margin than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$299,716

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,955,528

Up $365,870 (+23%) from 2019

Net Assets

Down

$350,574

Down $7,951 (-2.2%) from 2019

Liabilities

Up

$1,604,954

Up $373,821 (+30%) from 2019

Revenue

Down

$3,420,681

Down $687,035 (-17%) from 2019

Expenses

Down

$3,428,632

Down $1,207,804 (-26%) from 2019

Net Income

Up

-$7,951

Up $520,769 (+98%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2012: $306,065Liabilities 2012: $1,333,379Net Assets 2012: -$1,027,3142012Assets 2013: $632,191Liabilities 2013: $1,560,335Net Assets 2013: -$928,1442013Assets 2014: $363,968Liabilities 2014: $1,405,097Net Assets 2014: -$1,041,1292014Assets 2015: $453,667Liabilities 2015: $1,647,770Net Assets 2015: -$1,194,1032015Assets 2016: $910,546Liabilities 2016: $1,316,944Net Assets 2016: -$406,3982016Assets 2017: $1,875,441Liabilities 2017: $656,399Net Assets 2017: $1,219,0422017Assets 2018: $1,658,881Liabilities 2018: $771,636Net Assets 2018: $887,2452018Assets 2019: $1,589,658Liabilities 2019: $1,231,133Net Assets 2019: $358,5252019Assets 2020: $1,955,528Liabilities 2020: $1,604,954Net Assets 2020: $350,5742020Assets 2021: $2,203,837Liabilities 2021: $1,596,703Net Assets 2021: $607,1342021Assets 2022: $2,341,805Liabilities 2022: $2,775,905Net Assets 2022: -$434,1002022Assets 2023: $1,125,885Liabilities 2023: $2,198,249Net Assets 2023: -$1,072,3642023Assets 2024: $2,214,211Liabilities 2024: $2,744,230Net Assets 2024: -$530,0192024

Highlighted filing

2020

Assets$1,955,528
Liabilities$1,604,954
Net Assets$350,574

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $3,206,981Expenses 2012: $3,751,096Net Income 2012: -$544,1152012Revenue 2013: $3,599,931Expenses 2013: $3,500,761Net Income 2013: $99,1702013Revenue 2014: $3,384,461Expenses 2014: $3,497,446Net Income 2014: -$112,9852014Revenue 2015: $3,423,489Expenses 2015: $3,576,463Net Income 2015: -$152,9742015Revenue 2016: $4,476,002Expenses 2016: $3,688,297Net Income 2016: $787,7052016Revenue 2017: $5,020,788Expenses 2017: $4,149,856Net Income 2017: $870,9322017Revenue 2018: $4,159,131Expenses 2018: $4,490,928Net Income 2018: -$331,7972018Revenue 2019: $4,107,716Expenses 2019: $4,636,436Net Income 2019: -$528,7202019Revenue 2020: $3,420,681Expenses 2020: $3,428,632Net Income 2020: -$7,9512020Revenue 2021: $4,866,810Expenses 2021: $4,610,250Net Income 2021: $256,5602021Revenue 2022: $5,957,881Expenses 2022: $6,542,519Net Income 2022: -$584,6382022Revenue 2023: $6,054,661Expenses 2023: $6,692,925Net Income 2023: -$638,2642023Revenue 2024: $7,534,270Expenses 2024: $6,991,925Net Income 2024: $542,3452024

Highlighted filing

2020

Revenue$3,420,681
Expenses$3,428,632
Net Income-$7,951
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.0
Gross Receipts
$3,420,681
Mission and Program Overview

Mission

Halifax international security forum (halifax) is a forum and a network for thoughtful and engaged decision-makers from governments, militaries, business, academia, and the media to work together to meet emerging threats in a changing world.

Halifax creates opportunitites for leaders to learn, generate ideas and put them into action

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,205,885$1,490,220▲ $284,335
Savings and Temporary Cash Investments$301,631$387,421▲ $85,790
Prepaid Expenses and Deferred Charges$34,911$36,294▲ $1,383
Land, Buildings, and Equipment, Net$26,569$21,459▼ $5,110
Cash and Non-Interest-Bearing Accounts$8,817$8,289▼ $528
Total Assets$1,589,658$1,955,528▲ $365,870
Other Assets Total$11,845$11,845→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,196,627$1,043,875▼ $152,752
Deferred Revenue-$300,000-
Unsecured Notes Loans Payable-$231,395-
Other Liabilities$34,506$29,684▼ $4,822
Total Liabilities$1,231,133$1,604,954▲ $373,821
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,525$250,574▲ $242,049
Net Assets With Donor Restrictions$350,000$100,000▼ $250,000
Total Net Assets Fund Balance$358,525$350,574▼ $7,951
Total Liabilities and Net Assets / Fund Balance$1,589,658$1,955,528▲ $365,870

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,014$103,119$112,133
Other Land Buildings$12,445$63,070$75,515
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter Van PraaghPresidentFT$229,712$70,004$299,716
Robin ShepherdVice PresideFT$201,000$29,324$230,324
Robin ShepherdVice President-$201,000$29,324$230,324
Laura BridgeManaging DirectorFT$180,000$28,413$208,413
Pax MagatDirectorFT$118,417$23,945$142,362
Andrew FishbeinChief of StaFT$111,833$22,747$134,580

Board Members and Trustees

NameTitle
Janice Gross SteinChairman
Cindy MccainDirector
Luis RubioDirector
Mark LippertDirector
Tammy HarrisDirector
Ahmet TacyildizTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
ShowcallProduction4451 GEORGIA PACIFIC BLVD, SUITE S, Frederick, MD 21704, Ca$687,544
Letter M FilmsVideo Services1742 N STREET NW, Washington, DC 20036, Ca$330,862
FmavEvent Technolog1811 HOLLIS STREET, Halifax, Ca$236,418
1740 N Street AssociatesRent-$209,382
Westin Nova ScotianMeeting Space-$202,477
Revenue and Support

Revenue Composition

Contributions and Grants
$3,192,610
Program Service Revenue
$0
Investment Income
$1,735
Other Revenue
$226,336
All Other Contributions
$810,000
Change in Net Assets
$-7,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,420,681
Total Revenue per Audited Statements
$3,420,681
Total Revenue per Form 990
$3,420,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,845,213
Salaries, Compensation, and Employee Benefits$1,583,419
Total Fundraising Expense$73,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,218,173$61,294-$1,279,467
Other Salaries and Wages$903,982$273,719$56,947$1,234,648
Occupancy$12,198$189,034-$201,232
Other Employee Benefits$129,817$39,308$8,178$177,303
Fees for Services Accounting-$103,782-$103,782
Payroll Taxes$66,515$20,140$4,190$90,845
Travel$73,314$6,931$425$80,670
Pension Plan Contributions$59,030$17,874$3,719$80,623
Information Technology$417$59,172$30$59,619
Office Expenses$30,064$22,725-$52,789
Depreciation Depletion-$20,880-$20,880
Insurance-$14,423-$14,423
Other Expenses$100$5,370$120$5,590
Total Functional Expenses$2,497,311$857,682$73,639$3,428,632

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,428,632
Total Expenses per Audited Statements$3,428,632
Total Expenses per Form 990$3,428,632
International Activity

International Summary

Employees
1
Spending
$270,105

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CanadaProgram ServiceAnnual Conference-1$270,105
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$16,493
Deposits$13,191
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The federal form 990 is prepared by an independent accounting firm and reviewed first by the finance director and the president. After any necessary corrections are made, a complete copy of the draft form 990 is provided to all members of the governing body before filing with the internal revenue service

Form 990, Page 6, Part VI, Line 12C

Halifax's policy is to evaluate conflicts as transparently as possible, in a manner appropriate to the circumstance. Halifax's board members and staff must take action whenever possible by communicating possible or actual conflicts. It is expected that all halifax staff and board members will hold halifax's interest to be primary with all business and ethical relationships.

Form 990, Page 6, Part VI, Line 15A

Prior to determining a compensation increase for the president, a compensation analysis is completed. This analysis is generally compiled by the human resources staff using comparble salary data from three or more nonprofit salary surveys. Additionally comparable organiation salary and benefit information is compiled from federal form 990s from similar organizations to use as a reference. The compensation analysis is provided to the chairman of the board of directors and/or to the compensation and evaluation committee of the board of directors. They provide any recommnedations to the full board of directors on a salary increase for the president. This is typically completed during the executive session of a board meeting or through confidential email. Any increase in compensation for this position requires approval of the board. The board chairman then provides a letter or email to the human resources staff on the newly approved salary and effective date.

Form 990, Page 6, Part VI, Line 19

Halifax makes its governing documents, conflict of interestpolicy and financial statements available to the public upon request and upon agreement by the board of directors.

Filing and Contact Details

Filer

Filer Name
Halifax International
EIN
45-2826015
Phone
2026882470
Address
1740 N STREET NW, WASHINGTON, DC 20036

Signing Officer

Name
Peter Van Praagh
Title
President
Phone
2026882470
Signed
2021-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Van Praagh
Formed
2011
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
Employees
19

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
100 LAKEFOREST BLVD STE 650, GAITHERSBURG, MD 20877-2609
Preparer
Clint Lehman CPA
Phone
3019489825
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Halifax internaitonal security forum (halifax) is a forum and a network for thoughtful and engaged decision-makers from governments, militaries, business, academia and the media to work together to meet emerging threats in a changing world.

Form 990, Page 2, Part III, Line 4D

The john mccain prize for leadership in public services is bestowed at the forum annually by mrs. Cindy mccain. The award is given to individuals from any country who have demonstrated uncommon leadership in the pursuit of human justice.

Form 990, Part V, Line 4B

CANADA

Form 990, Part IX, Line 11G

Original video/music 260,121 0 0 audio visual 136,150 0 0 forum production costs 624,605 75 0 communciations 97,063 0 0 graphic design 53,705 0 0 consulting/advisory 46,529 61,219 0 total 1,218,173 61,294 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition or disclosure.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE JOHN MCCAIN PRIZE FOR LEADERSHIP IN PUBLIC SERVICES IS BESTOWED AT THE FORUM ANNUALLY BY MRS. CINDY MCCAIN. THE AWARD IS GIVEN TO INDIVIDUALS FROM ANY COUNTRY WHO HAVE DEMONSTRATED UNCOMMON LEADERSHIP IN THE PURSUIT OF HUMAN JUSTICE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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