Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Program on International Financial Systems Inc.
990 • Fiscal year 2018 • EIN 82-2586755
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.12x
Liabilities / Revenue
51st percentile
Higher debt load relative to revenue than 51% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
36th percentile
Higher top officer pay than 36% of similar nonprofits.
Top officer pay equals 0.1% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$2,282,719
No earlier filing loaded for comparison.
Net Assets
$2,019,949
No earlier filing loaded for comparison.
Liabilities
$262,770
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$2,741,430
No earlier filing loaded for comparison.
Expenses
$721,481
No earlier filing loaded for comparison.
Net Income
$2,019,949
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Aug 4, 2017 to Jul 31, 2018
- Signed
- Jun 12, 2019
- Return Version
- 2017v2.3
- Gross Receipts
- $2,741,430
Mission and Program Overview
Mission
The program on international financial systems (pifs) is a 501(c)(3) organization that hosts international symposia, executive education programs and special events that foster dialogue and promote education on issues impacting the global financial system. Pifs also supports academic scholarship on these issues.
The program on international financial systems (pifs) is a 501(c)(3) organization that hosts international symposia, executive education programs and special events that foster dialogue and promote education on issues affecting the global financial system. Pifs also supports academic scholarship on these issues.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | - | $1,591,412 | - |
| Pledges and Grants Receivable | - | $466,698 | - |
| Inventories for Sale or Use | - | $102,378 | - |
| Cash and Non-Interest-Bearing Accounts | - | $99,324 | - |
| Intangible Assets | - | $19,931 | - |
| Land, Buildings, and Equipment, Net | $0 | $2,976 | ▲ $2,976 |
| Total Assets | $0 | $2,282,719 | ▲ $2,282,719 |
| Liabilities | |||
| Deferred Revenue | - | $140,375 | - |
| Accounts Payable and Accrued Expenses | - | $122,395 | - |
| Total Liabilities | $0 | $262,770 | ▲ $262,770 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | - | $1,979,949 | - |
| Temporarily Rstr Net Assets | - | $40,000 | - |
| Total Net Assets Fund Balance | $0 | $2,019,949 | ▲ $2,019,949 |
| Total Liabilities and Net Assets / Fund Balance | $0 | $2,282,719 | ▲ $2,282,719 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $2,976 | - | $2,976 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2017 | - | $40,000 | - | - | $40,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jacqueline Mccabe | Secretary | PT | $2,917 | $2,917 |
| Sharon M Levesque | Treasurer | PT | $900 | $900 |
Board Members and Trustees
| Name | Title |
|---|---|
| Hal S Scott | President/director |
| Don Kanak | Director |
| Satoru Murase | Director |
| Thierry Porte | Director |
| Shawn Fagan | Director as of July 2018 |
| John a Gulliver | Executive Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $2,728,914
- Program Service Revenue
- $8,675
- Investment Income
- $1,463
- Other Revenue
- $2,378
- All Other Contributions
- $2,728,914
- Change in Net Assets
- $2,019,949
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $2,741,430
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $15,384
- Total Revenue per Audited Statements
- $2,756,814
- Total Revenue per Form 990
- $2,741,430
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $377,967 |
| Other Expenses | $343,514 |
| Total Fundraising Expense | $90,605 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $75,832 | $130,899 | $34,792 | $241,523 |
| Travel | $116,498 | $1,008 | $15,948 | $133,454 |
| Other Salaries and Wages | $58,650 | $26,457 | $21,445 | $106,552 |
| Fees for Services Other | $45,777 | $38,949 | $11,803 | $96,529 |
| Payroll Taxes | $11,527 | $13,545 | $4,820 | $29,892 |
| Information Technology | $51 | $19,813 | - | $19,864 |
| Office Expenses | $2,888 | $13,586 | $1,797 | $18,271 |
| Occupancy | - | $5,157 | - | $5,157 |
| Other Expenses | $2,242 | $628 | - | $628 |
| Depreciation Depletion | - | $569 | - | $569 |
| Insurance | - | $503 | - | $503 |
| Total Functional Expenses | $377,825 | $253,051 | $90,605 | $721,481 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $736,865 |
| Expenses per Audited Statements | $721,481 |
| Total Expenses per Form 990 | $721,481 |
| Expenses Not Reported on Form 990 | $15,384 |
| Expenses Not Reported on Financial Statements | $0 |
International Activity
International Summary
- Offices
- 0
- Employees
- 0
- Spending
- $82,632
International Compliance
- 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
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| East Asia and the Pacific | Program Services | China-u.s. Symposia | 0 | 0 | $82,632 |
| East Asia and the Pacific | Fundraising Activities | N/a | 0 | 0 | - |
| Europe (including Iceland & Greenland) | Fundraising Activities | N/a | 0 | 0 | - |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- 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
- Yes
- 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, Part VI, Section A, Line 2
“Hal s scott & john a. Gulliver - business relationship: john a. Gulliver is employed at an unrelated tax exempt organization where hal s. Scott is the president hal s. Scott & sharon m. Levesque - business relationship: sharon m. Levesque is employed at an unrelated tax exempt organization where hal s. Scott is the president hal s. Scott & jacqueline mccabe - business relationship: jacquelin mccabe is employed at an unrelated tax exempt organization where hal s. Scott is the president”
Form 990, Part VI, Section A, Line 6
“The organization has one class of membership. The sole member may appoint additional or successor members. The member shall also elect the directors and officers. The member has the power to amend, repeal and adopt the bylaws.”
Form 990, Part VI, Section A, Line 7A
“The member shall elect the directors.”
Form 990, Part VI, Section A, Line 8B
“There are no committees with the authority to act on behalf of the board.”
Form 990, Part VI, Section B, Line 11B
“The form 990 is reviewed thoroughly by the corporation's officers before filing. A copy of the form 990 is provided to and reviewed by the board of directors before it was filed.”
Form 990, Part VI, Section B, Line 12C
“At weekly status meetings, all major activities of the corporation are discussed by the corporation's officers where any potential conflicts of interest can be identified. In addition, each director and each officer is required to complete an annual conflict of interest disclosure form.”
Form 990, Part VI, Section B, Line 15
“The process for determining compensation of the organization's top management (officers and key employees) included a review and approval by independent members of the board of directors who were provided a report from an independent professional compensation consultant providing, inter alia, comparability data, and the board's deliberation and decision were contemporaneously memorialized in the minutes of the board meeting. The independent professional compensation consultant was hired to provide 2018/2019 compensation planning information updates as appropriate for the following: hal s. Scott john gulliver jacqueline mccabe sharon m. Levesque”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents, which include its conflict of interest policy, and its financial statements available to the public upon written request.”
Filing and Contact Details
Filer
- Filer Name
- Program on International Financial
- EIN
- 82-2586755
- Phone
- 8572426747
- Address
- 134 MT AUBURN STREET, CAMBRIDGE, MA 02138
Signing Officer
- Name
- Hal S Scott
- Title
- President/director
- Phone
- 8572426747
- Signed
- 2019-06-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Hal S Scott
- Formed
- 2017
- Legal Domicile
- De
- Voting Board Members
- 5
- Independent Board Members
- 4
- Employees
- 3
- Volunteers
- 0
Preparer
- Firm
- Edelstein and Company Llp
- Address
- 160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
- Preparer
- Scott Kaplowitch
- Phone
- 6172276161
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Consultants: program service expenses 45,777. Management and general expenses 38,949. Fundraising expenses 11,803. Total expenses 96,529.”
Financial Statement Notes
PART V, LINE 4:
“Temporarily restricted net assets at july 31, 2018 were restricted to a symposium scheduled for the following fiscal year.”
Raw XML AppendixShowing 400 of 429 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | THE PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS (PIFS) IS A 501(C)(3) ORGANIZATION THAT HOSTS INTERNATIONAL SYMPOSIA, EXECUTIVE EDUCATION PROGRAMS AND SPECIAL EVENTS THAT FOSTER DIALOGUE AND PROMOTE EDUCATION ON ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES. IN 2018, PIFS HOSTED THREE SYMPOSIA WITH EUROPE, CHINA AND JAPAN. EACH EVENT INCLUDED APPROXIMATELY 100 SENIOR POLICYMAKERS, FINANCIAL SECTOR EXECUTIVES, AND PROMINENT ACADEMICS TO FOSTER DIALOGUE ON POLICY ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS HOSTED THREE EXECUTIVE EDUCATION PROGRAMS FOR GOVERNMENT OFFICIALS FROM FOREIGN COUNTRIES. THESE PROGRAMS INCLUDE A PARTNERSHIP WITH HARVARD LAW SCHOOL EXECUTIVE EDUCATION / THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS (IOSCO), THE CAPITAL MARKETS AUTHOIRTY OF KUWAIT, AND TSINGHUA UNIVERSITY IN BEIJING, CHINA. PIFS HOSTS SPECIAL ROUNDTABLE EVENTS ON DISCRETE POLICY ISSUES. THIS YEAR, THE TOPICS INCLUDED AN INTERNATIONAL PERSPECTIVE ON THE FUTURE OF BANK STRESS TESTING, THE DEBATE OVER INSTITUTIONAL INVESTORS, AND RING-FENCING THE GLOBAL BANKING SYSTEM. |
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| IRS990/MissionDesc | 0 | THE PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS (PIFS) IS A 501(C)(3) ORGANIZATION THAT HOSTS INTERNATIONAL SYMPOSIA, EXECUTIVE EDUCATION PROGRAMS AND SPECIAL EVENTS THAT FOSTER DIALOGUE AND PROMOTE EDUCATION ON ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES. |
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| IRS990/OccupancyGrp/TotalAmt | 0 | 5157 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 1797 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 13586 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2888 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 18271 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | HONORARIUM |
| IRS990/OtherExpensesGrp/Desc | 1 | REGISTRATION FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | COMMUNICATIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | FEES, LICENSES & REGIST |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1937 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 628 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 56500 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 7860 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 2242 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 56500 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 9797 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2242 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 628 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2378 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 2378 |
| IRS990/OtherRevenueTotalAmt | 0 | 2378 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 21445 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 26457 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 58650 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 106552 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 4820 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 13545 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 11527 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 29892 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 466698 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | HAL S SCOTT |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8675 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 8675 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2019949 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 11053 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1591412 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | DESCRIPTION: SPECIAL ONE-TIME CONTRIBUTION TO RAISE START-UP FUNDING FOR THE DATE: 07/11/18 AMOUNT: 1000000. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE ORGANIZATION WAS FORMED ON AUGUST 4, 2017. THEREFORE THE 2017 TAX YEAR WAS A SHORT YEAR. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | FORM 990, SCHEDULE A - PUBLIC SUPPORT SHORT YEAR |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1728914 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1728914 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 1463 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 1463 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 11053 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1301587 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 427327 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1728914 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1728914 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1730377 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 40000 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 40000 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 15384 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 15384 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 15384 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 721481 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 2976 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 2976 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 15384 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2741430 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | TEMPORARILY RESTRICTED NET ASSETS AT JULY 31, 2018 WERE RESTRICTED TO A SYMPOSIUM SCHEDULED FOR THE FOLLOWING FISCAL YEAR. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART V, LINE 4: |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2976 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 721481 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2741430 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2756814 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 736865 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt | 0 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt | 1 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt | 2 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt | 0 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt | 1 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt | 2 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt | 0 | 82632 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 0 | EAST ASIA AND THE PACIFIC |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 1 | EAST ASIA AND THE PACIFIC |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 2 | EUROPE (INCLUDING ICELAND & GREENLAND) |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 0 | CHINA-U.S. SYMPOSIA |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 1 | N/A |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 2 | N/A |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 0 | PROGRAM SERVICES |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 1 | FUNDRAISING ACTIVITIES |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 2 | FUNDRAISING ACTIVITIES |
| IRS990ScheduleF/BoycottCountriesInd | 0 | 0 |
| IRS990ScheduleF/ContinuationSpentAmt | 0 | 0 |
| IRS990ScheduleF/ContinuationTotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/ContinuationTotalOfficeCnt | 0 | 0 |
| IRS990ScheduleF/ForeignCorpOwnershipInd | 0 | 0 |
| IRS990ScheduleF/ForeignPartnershipInd | 0 | 0 |
| IRS990ScheduleF/InterestInForeignTrustInd | 0 | 0 |
| IRS990ScheduleF/PassiveForeignInvestmestCoInd | 0 | 0 |
| IRS990ScheduleF/SubtotalEmployeesCnt | 0 | 0 |
| IRS990ScheduleF/SubtotalOfficesCnt | 0 | 0 |
| IRS990ScheduleF/SubtotalSpentAmt | 0 | 82632 |
| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 0 | ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR EXPENDITURES |
| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION RECEIVED CONTRIBUTIONS FROM FOREIGN CORPORATIONS LOCATED IN THE REGIONS OF EUROPE AND EAST ASIA AND THE PACIFIC. NO EXPENDITURES WERE MADE THESE REGIONS IN ORDER TO OBTAIN THESE CONTRIBUTIONS. ONLY ONE CONTRIBUTOR IN THE REGION OF EUROPE MET THE SCHEDULE B REPORTING THRESHOLD UNDER THE SPECIAL RULE AND WAS THEREFORE REPORTED ON SCHEDULE B. ALL OTHER FOREIGN CONTRIBUTIONS DID NOT MEET THE SCHEDULE B REPORTING THRESHOLD UNDER THE SPECIAL RULE. |
| IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3: |
| IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, SCHEDULE F, PART I, LINE 3 |
| IRS990ScheduleF/TotalEmployeeCnt | 0 | 0 |
| IRS990ScheduleF/TotalOfficeCnt | 0 | 0 |
| IRS990ScheduleF/TotalSpentAmt | 0 | 82632 |
| IRS990ScheduleF/TransferToForeignCorpInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | HAL S SCOTT & JOHN A. GULLIVER - BUSINESS RELATIONSHIP: JOHN A. GULLIVER IS EMPLOYED AT AN UNRELATED TAX EXEMPT ORGANIZATION WHERE HAL S. SCOTT IS THE PRESIDENT HAL S. SCOTT & SHARON M. LEVESQUE - BUSINESS RELATIONSHIP: SHARON M. LEVESQUE IS EMPLOYED AT AN UNRELATED TAX EXEMPT ORGANIZATION WHERE HAL S. SCOTT IS THE PRESIDENT HAL S. SCOTT & JACQUELINE MCCABE - BUSINESS RELATIONSHIP: JACQUELIN MCCABE IS EMPLOYED AT AN UNRELATED TAX EXEMPT ORGANIZATION WHERE HAL S. SCOTT IS THE PRESIDENT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. THE SOLE MEMBER MAY APPOINT ADDITIONAL OR SUCCESSOR MEMBERS. THE MEMBER SHALL ALSO ELECT THE DIRECTORS AND OFFICERS. THE MEMBER HAS THE POWER TO AMEND, REPEAL AND ADOPT THE BYLAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE MEMBER SHALL ELECT THE DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM 990 IS REVIEWED THOROUGHLY BY THE CORPORATION'S OFFICERS BEFORE FILING. A COPY OF THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT WAS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | AT WEEKLY STATUS MEETINGS, ALL MAJOR ACTIVITIES OF THE CORPORATION ARE DISCUSSED BY THE CORPORATION'S OFFICERS WHERE ANY POTENTIAL CONFLICTS OF INTEREST CAN BE IDENTIFIED. IN ADDITION, EACH DIRECTOR AND EACH OFFICER IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT (OFFICERS AND KEY EMPLOYEES) INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS WHO WERE PROVIDED A REPORT FROM AN INDEPENDENT PROFESSIONAL COMPENSATION CONSULTANT PROVIDING, INTER ALIA, COMPARABILITY DATA, AND THE BOARD'S DELIBERATION AND DECISION WERE CONTEMPORANEOUSLY MEMORIALIZED IN THE MINUTES OF THE BOARD MEETING. THE INDEPENDENT PROFESSIONAL COMPENSATION CONSULTANT WAS HIRED TO PROVIDE 2018/2019 COMPENSATION PLANNING INFORMATION UPDATES AS APPROPRIATE FOR THE FOLLOWING: HAL S. SCOTT JOHN GULLIVER JACQUELINE MCCABE SHARON M. LEVESQUE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, WHICH INCLUDE ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | CONSULTANTS: PROGRAM SERVICE EXPENSES 45,777. MANAGEMENT AND GENERAL EXPENSES 38,949. FUNDRAISING EXPENSES 11,803. TOTAL EXPENSES 96,529. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART IX, LINE 11G |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 40000 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 1 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsEOYAmt | 0 | 2282719 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2282719 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 2728914 |
| IRS990/TotalEmployeeCnt | 0 | 3 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 90605 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 253051 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 377825 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 721481 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 262770 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 262770 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2019949 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 377825 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 8675 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 3817 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 1463 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 11053 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 2741430 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2282719 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/FundraisingAmt | 0 | 15948 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1008 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 116498 |
| IRS990/TravelGrp/TotalAmt | 0 | 133454 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 1979949 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 134 MT AUBURN STREET |
| IRS990/USAddress/CityNm | 0 | CAMBRIDGE |
| IRS990/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/USAddress/ZIPCd | 0 | 02138 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | WWW.PIFSINTERNATIONAL.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | HAL S SCOTT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT/DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8572426747 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-06-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROGRAM ON INTERNATIONAL FINANCIAL |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,282,719
- Liabilities
- $262,770
- Net assets
- $2,019,949
- Revenue
- $2,741,430
- Expenses
- $721,481
- Net income
- $2,019,949