INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION (EIN 13-4164140)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-08-28
- IRS object ID
- 202542409349300224
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-28T10:27:57-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 STATE STREET SUITE 1600 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134164140 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL FINANCIAL REPORTING | BusinessNameLine1Txt |
| Business Name Line2 | STANDARDS FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 4158309220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 233 SANSOME STREET 9TH FLOOR 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHEL MADELAIN | PersonNm |
| Person Title | MANAGING DIRECTOR | PersonTitleTxt |
| Phone | 4158309220 | PhoneNum |
| Signature | 2025-08-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6177237900 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | MICHEL MADELAIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 233 SANSOME STREET 9TH FLOOR 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $82,213,323 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IFRS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 46 | TotalEmployeeCnt |
| Total Volunteers | 169 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $44,358,382 | PYContributionsGrantsAmt |
| CY Contributions Grants | $48,137,441 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,630,295 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,902,841 | CYProgramServiceRevenueAmt |
| PY Investment Income | $758,339 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,202,255 | CYInvestmentIncomeAmt |
| PY Other Revenue | $24,659,707 | PYOtherRevenueAmt |
| CY Other Revenue | $25,970,786 | CYOtherRevenueAmt |
| PY Total Revenue | $76,406,723 | PYTotalRevenueAmt |
| CY Total Revenue | $82,213,323 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,269,271 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $14,837,470 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $50,902,182 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $50,590,353 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $630,387 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,959,627 | PYOtherExpensesAmt |
| CY Other Expenses | $18,995,962 | CYOtherExpensesAmt |
| PY Total Expenses | $77,131,080 | PYTotalExpensesAmt |
| CY Total Expenses | $84,423,785 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$724,357 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,210,462 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $84,294,215 | TotalAssetsBOYAmt |
| Total Assets EOY | $80,178,327 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $22,775,666 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $21,475,842 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $61,518,549 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,702,485 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $62,606,839 | ExpenseAmt |
| Grant | $14,837,470 | GrantAmt |
| Revenue | $25,008,511 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,866,243 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $9,109,857 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $64,473,082 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 46 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | GM | ForeignCountryCd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | CH | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DE | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ID | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TX | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KRISTI ROBINSON CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2072466410 | PhoneNum |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | COLUMBUS BLDG 7 WESTFERRY CIRCUS | AddressLine1Txt |
| Province Or State | LONDON | ProvinceOrStateNm |
| Country | UK | CountryCd |
| Foreign Postal | E14 4HD | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| MICHEL MADELAIN - FMR COMM | |||||||||
| CHAIR/MANAG DIR (AS OF 09/24) | 40.00 | 0.00 | Yes (X) | Yes (X) | $218,171 | $0 | $0 | ||
| BERTRAND BADRE | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $10,451 | $0 | $0 | |||
| CHONG-TEE ONG | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $10,451 | $0 | $0 | |||
| DR SURESH P KANA | |||||||||
| TRUSTEE COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $33,862 | $0 | $0 | |||
| ERHARD SCHIPPOREIT | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| ERKKI LIIKANEN | |||||||||
| TRUSTEE CHAIR | 16.00 | 0.00 | Yes (X) | $250,830 | $0 | $0 | |||
| ISABEL SAINT MALO | |||||||||
| TRUSTEE COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $33,862 | $0 | $0 | |||
| JORGE FAMILIAR CALDERSON | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KEIKO TASHIRO | |||||||||
| TRUSTEE COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $28,741 | $0 | $0 | |||
| KENNETH ROBINSON | |||||||||
| TRUSTEE COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $28,741 | $0 | $0 | |||
| KOUSHIK CHATTERJEE | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| LEE SUKJOON | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| MARIA THEOFILAKTIDIS | |||||||||
| TRUSTEE VICE & COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $28,741 | $0 | $0 | |||
| MASAMICHI KONO | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| MORGAN DESPRES | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $10,451 | $0 | $0 | |||
| RICHARD SEXTON | |||||||||
| TRUSTEE COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $14,109 | $0 | $0 | |||
| ROBERT POZEN | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| RUDOLF BLESS | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH J AL-SUHAIMI | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| STEVEN MAIJOOR | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| TERESA KO YUK YIN | |||||||||
| TRUSTEE VICE & COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $33,862 | $0 | $0 | |||
| WENCAI ZHANG | |||||||||
| TRUSTEE | 3.00 | 0.00 | Yes (X) | $25,083 | $0 | $0 | |||
| LEE WHITE | |||||||||
| MANAGING DIRECTOR (THRU 02/24) | 40.00 | 0.00 | Yes (X) | $147,638 | $0 | $0 | |||
| EMMANUEL FABER | |||||||||
| ISSB CHAIR | 40.00 | 0.00 | Yes (X) | $924,643 | $0 | $0 | |||
| ANDREAS BARCKOW | |||||||||
| IASB CHAIR | 40.00 | 0.00 | Yes (X) | $929,110 | $0 | $0 | |||
| SUE LLOYD | |||||||||
| ISSB VICE CHAIR | 40.00 | 0.00 | Yes (X) | $926,257 | $0 | $0 | |||
| LINDA-MEZON HUTTER | |||||||||
| IASB VICE CHAIR | 40.00 | 0.00 | Yes (X) | $810,368 | $0 | $0 | |||
| JINGDONG HUA | |||||||||
| ISSB VICE CHAIR | 40.00 | 0.00 | Yes (X) | $586,273 | $0 | $0 | |||
| NICHOLAS ANDERSON | |||||||||
| IASB BOARD MEMBER | 40.00 | 0.00 | $734,830 | $0 | $0 | Yes (X) | |||
| TADEU CENDON FERREIRA | |||||||||
| IASB BOARD MEMBER | 40.00 | 0.00 | $734,830 | $0 | $0 | Yes (X) | |||
| PATRINA BUCHANAN | |||||||||
| IASB BOARD MEMBER | 40.00 | 0.00 | $734,830 | $0 | $0 | Yes (X) | |||
| RIKA SUZUKI | |||||||||
| IASB BOARD MEMBER | 40.00 | 0.00 | $734,830 | $0 | $0 | Yes (X) | |||
| ANN TARCA | |||||||||
| IASB BOARD MEMBER | 40.00 | 0.00 | $734,830 | $0 | $0 | Yes (X) | |||
| DAME COLETTE BOWE | |||||||||
| FMR TRUSTEE COMMITTEE CHAIR | 0.00 | 0.00 | $19,753 | $0 | $0 | Yes (X) | |||
| LARRY LEVA | |||||||||
| FMR TRUSTEE VICE & COMMITTEE CHAIR | 0.00 | 0.00 | $19,753 | $0 | $0 | Yes (X) | |||
| LUCREZIA REICHLIN | |||||||||
| FORMER TRUSTEE | 0.00 | 0.00 | $14,632 | $0 | $0 | Yes (X) | |||
| ROSS MCINNES | |||||||||
| FORMER TRUSTEE | 0.00 | 0.00 | $14,632 | $0 | $0 | Yes (X) | |||
| VINOD RAI | |||||||||
| FORMER TRUSTEE | 0.00 | 0.00 | $14,632 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,984,777 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 138 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|
| CORPORATE TRAVELLER | |||||||||
| LEVEL 6 CI TOWER | SURREY | UK | KT3 4TE | TRAVEL AGENT | $2,186,700 | ||||
| BAKER MCKENZIE LLP | |||||||||
| 100 NEW BRIDGE STREET | LONDON | UK | EC4V 6JA | CONSULTING | $1,262,042 | ||||
| SOFTCAT LIMITED | |||||||||
| HEAD OFFICE MARLOW | BUCKINGHAMSHIRE | UK | SL7 1LW | IT SUPPORT | $795,893 | ||||
| K&L GATES LLP | |||||||||
| LEGAL | $455,114 | 1601 K STREET NW | WASHINGTON | DC | 200061600 | ||||
| VIALTO PARTNERS | |||||||||
| C/O ALTER DOMUS UK LIMITED 18 ST | LONDON | UK | EC4N 8AD | CONSULTING | $397,205 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 33 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $11,779,411 | GovernmentGrantsAmt |
| All Other Contributions | $36,358,030 | AllOtherContributionsAmt |
| Total Contributions | $48,137,441 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PUBLICATIONS & RELATED | 513100 | $6,641,571 | $6,641,571 |
| CONFERENCES | 611000 | $261,270 | $261,270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,902,841 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,202,255 | TotalRevenueColumnAmt |
| Exclusion | $1,202,255 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,008,511 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,008,511 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| OTHER REVENUE | 611000 | $2,207,016 | $2,207,016 | |
| NET EXCHANGE LOSS | 900099 | -$1,244,741 | -$1,244,741 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $962,275 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $82,213,323 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $34,118,368 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$42,486 | ExclusionAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,837,470 | TotalAmt |
| Program Services | $14,837,470 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,346,162 | TotalAmt |
| Program Services | $4,157,579 | ProgramServicesAmt |
| Management And General | $920,075 | ManagementAndGeneralAmt |
| Fundraising | $268,508 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,519,832 | TotalAmt |
| Program Services | $28,279,717 | ProgramServicesAmt |
| Management And General | $8,240,115 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,881,775 | TotalAmt |
| Program Services | $2,114,409 | ProgramServicesAmt |
| Management And General | $754,908 | ManagementAndGeneralAmt |
| Fundraising | $12,458 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,312,424 | TotalAmt |
| Program Services | $653,683 | ProgramServicesAmt |
| Management And General | $653,915 | ManagementAndGeneralAmt |
| Fundraising | $4,826 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,530,160 | TotalAmt |
| Program Services | $3,500,374 | ProgramServicesAmt |
| Management And General | $1,010,182 | ManagementAndGeneralAmt |
| Fundraising | $19,604 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,342 | TotalAmt |
| Program Services | $97,301 | ProgramServicesAmt |
| Management And General | $168,790 | ManagementAndGeneralAmt |
| Fundraising | $251 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,911,228 | TotalAmt |
| Program Services | $1,633,269 | ProgramServicesAmt |
| Management And General | $277,959 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,451 | TotalAmt |
| Program Services | $32,087 | ProgramServicesAmt |
| Management And General | $480,006 | ManagementAndGeneralAmt |
| Fundraising | $10,358 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,880 | TotalAmt |
| Management And General | $21,880 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,694 | TotalAmt |
| Program Services | $130,694 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,745 | TotalAmt |
| Program Services | $262,247 | ProgramServicesAmt |
| Fundraising | $8,498 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $878,731 | TotalAmt |
| Program Services | $209,895 | ProgramServicesAmt |
| Management And General | $521,352 | ManagementAndGeneralAmt |
| Fundraising | $147,484 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,541,152 | TotalAmt |
| Program Services | $2,289,654 | ProgramServicesAmt |
| Management And General | $3,251,482 | ManagementAndGeneralAmt |
| Fundraising | $16 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,573,670 | TotalAmt |
| Program Services | $2,038,861 | ProgramServicesAmt |
| Management And General | $1,461,583 | ManagementAndGeneralAmt |
| Fundraising | $73,226 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,151,170 | TotalAmt |
| Program Services | $1,598,890 | ProgramServicesAmt |
| Management And General | $490,047 | ManagementAndGeneralAmt |
| Fundraising | $62,233 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $453,354 | TotalAmt |
| Program Services | $393,961 | ProgramServicesAmt |
| Management And General | $39,813 | ManagementAndGeneralAmt |
| Fundraising | $19,580 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $275,875 | TotalAmt |
| Program Services | $155,488 | ProgramServicesAmt |
| Management And General | $120,174 | ManagementAndGeneralAmt |
| Fundraising | $213 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $339,710 | TotalAmt |
| Program Services | $46,181 | ProgramServicesAmt |
| Management And General | $293,234 | ManagementAndGeneralAmt |
| Fundraising | $295 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| COST OF DISTR. MATERIAL | $2,038,478 | $1,812,989 | $225,489 | |
| RECRUITMENT | $390,585 | $227,457 | $160,291 | $2,837 |
| TAXES & FEES | $229,897 | $876 | $229,021 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,423,785 | TotalAmt |
| Program Services | $64,473,082 | ProgramServicesAmt |
| Management And General | $19,320,316 | ManagementAndGeneralAmt |
| Fundraising | $630,387 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,539,014 | BOYAmt |
| EOY | $20,035,519 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,384,579 | BOYAmt |
| EOY | $17,586,847 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,303,081 | BOYAmt |
| EOY | $5,381,579 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,397,282 | BOYAmt |
| EOY | $2,123,528 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,380 | BOYAmt |
| EOY | $43,504 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,601,915 | BOYAmt |
| EOY | $2,095,243 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,825,939 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,711,059 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,885,031 | BOYAmt |
| EOY | $4,114,880 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,915,263 | BOYAmt |
| EOY | $19,589,686 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $887,142 | BOYAmt |
| EOY | $495,248 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,328,528 | BOYAmt |
| EOY | $8,712,293 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,294,215 | BOYAmt |
| EOY | $80,178,327 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,896,005 | BOYAmt |
| EOY | $10,020,189 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,365,616 | BOYAmt |
| EOY | $11,013,375 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $514,045 | BOYAmt |
| EOY | $442,278 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,775,666 | BOYAmt |
| EOY | $21,475,842 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,518,549 | BOYAmt |
| EOY | $58,702,485 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,518,549 | BOYAmt |
| EOY | $58,702,485 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,294,215 | BOYAmt |
| EOY | $80,178,327 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,210,462 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $193,075 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$798,677 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,635,696 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,235,872 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $48,814,378 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,358,382 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,137,441 | CurrentTaxYearAmt |
| Total | $189,181,769 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,635,696 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,235,872 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $48,814,378 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,358,382 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,137,441 | CurrentTaxYearAmt |
| Total | $189,181,769 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $31,107,527 | SubstantialContributorsTotAmt |
| Public Support Total170 | $158,074,242 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,535,596 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,443,732 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,387,178 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $758,339 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,202,255 | CurrentTaxYearAmt |
| Total | $39,327,100 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -$264,711 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $377,034 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,177,878 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | -$1,217,244 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$1,244,741 | CurrentTaxYearAmt |
| Total | -$1,171,784 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $227,337,085 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $79,726,063 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.69530 | PublicSupportCY170Pct |
| Public Support PY170 | 0.66060 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | HONORARIA - 2020 AMOUNT: $ 4,790. 2021 AMOUNT: $ 8,760. 2022 AMOUNT: $ 263,464. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. EXCHANGE GAINS/LOSSES - 2020 AMOUNT: $ -269,501. 2021 AMOUNT: $ 368,274. 2022 AMOUNT: $ 565,071. 2023 AMOUNT: $ -1,217,244. 2024 AMOUNT: $ -1,244,741. OTHER REVENUE - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 349,343. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,236,094 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,542,971 | DepreciationAmt |
| Book Value | $2,693,123 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,526,284 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,381,615 | DepreciationAmt |
| Book Value | $1,144,669 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,063,561 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,786,473 | DepreciationAmt |
| Book Value | $277,088 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,114,880 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTERCOMPANY RECEIVABLE | Desc |
| Book Value | $8,712,293 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $8,712,293 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIABILITIES | Desc |
| Amt | $442,278 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $442,278 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE IFRS FOUNDATION WAS INCORPORATED IN FEBRUARY 2001 AND IS REGISTERED IN THE US AS A NOT-FOR-PROFIT CORPORATION KNOWN AS A SECTION 501(C) (03) TAX-EXEMPT ORGANIZATION. THE EXEMPTIONS ARE SUBJECT TO PERIODIC REVIEW BY THE FEDERAL AND STATE TAXING AUTHORITIES AND MANAGEMENT IS CONFIDENT THAT THE IFRS FOUNDATION CONTINUES TO SATISFY ALL FEDERAL AND STATE STATUTES TO CONTINUE TO QUALIFY FOR CONTINUED TAX EXEMPTION STATUS. CORPORATIONS IN THE US ARE REGISTERED IN THE INDIVIDUAL STATES; THE FOUNDATION IS REGISTERED IN THE STATE OF DELAWARE. THE FOUNDATION IS REQUIRED TO REGISTER IN ANY STATE WHERE CHARITABLE FUNDS HAVE BEEN RAISED. IN THE US, THE IFRS FOUNDATION IS REQUIRED TO FILE INFORMATION TAX RETURNS WITH THE FEDERAL AND STATE AUTHORITIES. THE FEDERAL TAX RETURN, KNOWN AS FORM 990, PROVIDES EXTENSIVE FINANCIAL, GOVERNANCE AND COMPLIANCE INFORMATION. THE STATE RETURNS ARE BRIEF IN COMPARISON, BUT ALL REQUIRE THAT FORM 990 IS ATTACHED TO THE STATE FILINGS. THE ACTUAL BUSINESS TRADING ACTIVITIES OF THE FOUNDATION SURROUNDING ITS UK AND US EARNED REVENUE ACTIVITIES DO NOT PRESENT ANY US TAX FILING REQUIREMENTS. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | 234 | PROGRAM SERVICES | SEE PART V | $49,635,612 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | INVESTMENTS | $3,356,381 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $11,614,855 | |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $4,933,478 | |
| NORTH AMERICA | 0 | 0 | GRANTMAKING | $6,868,262 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTMAKING | $5,968,062 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTMAKING | $1,848,643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 234 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 234 | TotalEmployeeCnt |
| Subtotal Spent | $84,225,293 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $84,225,293 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|
| NORTH AMERICA | GENERAL SUPPORT | $6,868,262 | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GENERAL SUPPORT | $5,968,062 | $0 |
| EAST ASIA AND THE PACIFIC | GENERAL SUPPORT | $1,848,643 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE SUBSIDIARY (GRANTEE) ANNUAL BUDGETS ARE AGREED BY THE TRUSTEES OF THE PARENT COMPANY (GRANTOR) AT THE BEGINNING OF THE FINANCIAL YEAR. WE REVIEW THE SUBSIDIARY ACCOUNTS ON A QUARTERLY BASIS TO ENSURE EXPENDITURE IS AS EXPECTED AND IN LINE WITH THE AGREED BUDGET. |
| PART I, LINE 3: | COLUMN (E) IF PROGRAM SERVICES CONDUCTED, DESCRIBE SPECIFIC TYPE OF SERVICES: SEE SCHEDULE O REFERENCES TO FORM 990, PART III DESCRIPTIONS. COLUMN (F) METHOD OF ACCOUNTING USED ON FINANCIAL STATEMENTS: FINANCIAL ACCOUNTS ARE PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING STANDARDS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREAS BARCKOW | ||||||||||||||
| IASB CHAIR | $929,110 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $929,110 | $0 | $0 | $0 |
| SUE LLOYD | ||||||||||||||
| ISSB VICE CHAIR | $926,257 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $926,257 | $0 | $0 | $0 |
| EMMANUEL FABER | ||||||||||||||
| ISSB CHAIR | $924,643 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $924,643 | $0 | $0 | $0 |
| LINDA-MEZON HUTTER | ||||||||||||||
| IASB VICE CHAIR | $810,368 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $810,368 | $0 | $0 | $0 |
| NICHOLAS ANDERSON | ||||||||||||||
| IASB BOARD MEMBER | $734,830 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $734,830 | $0 | $0 | $0 |
| TADEU CENDON FERREIRA | ||||||||||||||
| IASB BOARD MEMBER | $734,830 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $734,830 | $0 | $0 | $0 |
| PATRINA BUCHANAN | ||||||||||||||
| IASB BOARD MEMBER | $734,830 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $734,830 | $0 | $0 | $0 |
| RIKA SUZUKI | ||||||||||||||
| IASB BOARD MEMBER | $734,830 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $734,830 | $0 | $0 | $0 |
| ANN TARCA | ||||||||||||||
| IASB BOARD MEMBER | $734,830 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $734,830 | $0 | $0 | $0 |
| JINGDONG HUA | ||||||||||||||
| ISSB VICE CHAIR | $586,273 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $586,273 | $0 | $0 | $0 |
| ERKKI LIIKANEN | ||||||||||||||
| TRUSTEE CHAIR | $250,830 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $250,830 | $0 | $0 | $0 |
| MICHEL MADELAIN - FMR COMM | ||||||||||||||
| CHAIR/MANAG DIR (AS OF 09/24) | $218,171 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $218,171 | $0 | $0 | $0 |
| DAME COLETTE BOWE | ||||||||||||||
| FMR TRUSTEE COMMITTEE CHAIR | $19,753 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,753 | $0 | $0 | $0 |
| LARRY LEVA | ||||||||||||||
| FMR TRUSTEE VICE & COMMITTEE CHAIR | $19,753 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,753 | $0 | $0 | $0 |
| LUCREZIA REICHLIN | ||||||||||||||
| FORMER TRUSTEE | $14,632 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14,632 | $0 | $0 | $0 |
| ROSS MCINNES | ||||||||||||||
| FORMER TRUSTEE | $14,632 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14,632 | $0 | $0 | $0 |
| VINOD RAI | ||||||||||||||
| FORMER TRUSTEE | $14,632 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14,632 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE PROVIDED TO SPECIFIC EMPLOYEES WITHIN THE CONTEXT OF EMPLOYER'S ANNUAL UK PAYE SETTLEMENT AGREEMENTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | THE IFRS FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED IN 2001 TO DEVELOP IN THE PUBLIC INTEREST HIGH-QUALITY, UNDERSTANDABLE, ENFORCEABLE AND GLOBALLY ACCEPTED STANDARDS FOR GENERAL PURPOSE FINANCIAL REPORTING, AND TO PROMOTE AND FACILITATE THEIR ADOPTION. THE STANDARDS, IFRS ACCOUNTING STANDARDS AND IFRS SUSTAINABILITY DISCLOSURE STANDARDS ARE COLLECTIVELY REFERRED TO AS IFRS STANDARDS. THEY ARE SET BY THE FOUNDATION'S TWO INDEPENDENT STANDARD-SETTING BODIES, THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) AND THE INTERNATIONAL SUSTAINABILITY STANDARDS BOARD (ISSB), USING A RIGOROUS, INCLUSIVE AND TRANSPARENT DUE PROCESS. |
| FORM 990, PART III, LINE 1 | THE IFRS FOUNDATION'S MISSION IS TO DEVELOP IFRS STANDARDS THAT BRING TRANSPARENCY, ACCOUNTABILITY AND EFFICIENCY TO CAPITAL MARKETS AROUND THE WORLD. OUR WORK SERVES THE PUBLIC INTEREST BY FOSTERING TRUST, GROWTH AND LONG-TERM FINANCIAL STABILITY IN THE GLOBAL ECONOMY. KEY ACCOMPLISHMENTS IN 2024 - ADVANCED FINANCIAL REPORTING BY ISSUING TWO NEW IFRS ACCOUNTING STANDARDS - IFRS 18 AND IFRS 19 - WHICH WILL IMPROVE THE INFORMATION INVESTORS RECEIVE ABOUT FINANCIAL PERFORMANCE AND REDUCE THE DISCLOSURE REQUIREMENTS FOR SUBSIDIARY COMPANIES. - VERIFIED THAT TWO MAJOR STANDARDS WORK AS INTENDED BY CARRYING OUT POST-IMPLEMENTATION REVIEWS OF THE REQUIREMENTS IN IFRS 15 AND THE IMPAIRMENT REQUIREMENTS IN IFRS 9. - CLARIFIED REQUIREMENTS BY ISSUING AMENDMENTS TO IFRS ACCOUNTING STANDARDS TO EXPLAIN HOW COMPANIES SHOULD MEASURE FINANCIAL INSTRUMENTS AND HOW THEY CAN BETTER REPORT THE FINANCIAL EFFECTS OF NATURE-DEPENDENT ELECTRICITY CONTRACTS IN THEIR FINANCIAL STATEMENTS. IFRS SUSTAINABILITY - SUPPORTED JURISDICTIONS' ADOPTION OR OTHER USE OF IFRS SUSTAINABILITY DISCLOSURE STANDARDS THROUGH VARIOUS INITIATIVES, INCLUDING THE PUBLICATION OF A DEDICATED GUIDE. - SUPPORTED COMPANIES IN IMPLEMENTING IFRS SUSTAINABILITY DISCLOSURE STANDARDS BY DEVELOPING A WIDE RANGE OF EDUCATION RESOURCES AND CAPACITY BUILDING INITIATIVES. - STARTED ENHANCING THE SASB STANDARDS AND RESEARCHING SUSTAINABILITY-RELATED RISKS AND OPPORTUNITIES ASSOCIATED WITH BIODIVERSITY, ECOSYSTEMS AND ECOSYSTEM SERVICES AND HUMAN CAPITAL. |
| FORM 990, PART III, LINE 4A | THE IFRS FOUNDATION HAS A THREE-TIER GOVERNANCE STRUCTURE, BASED ON TWO INDEPENDENT STANDARD-SETTING BOARDS OF EXPERTS (INTERNATIONAL STANDARDS FOUNDATION 13-4164140 INTERNATIONAL FINANCIAL REPORTING ACCOUNTING STANDARDS BOARD IASB, AND INTERNATIONAL SUSTAINABILITY STANDARDS BOARD - ISSB), GOVERNED AND OVERSEEN BY TRUSTEES FROM AROUND THE WORLD (IFRS FOUNDATION TRUSTEES) WHO IN TURN ARE ACCOUNTABLE TO A MONITORING BOARD OF PUBLIC AUTHORITIES (IFRS FOUNDATION MONITORING BOARD). THE IASB IS AN INDEPENDENT ACCOUNTING STANDARD-SETTING BODY OF THE IFRS FOUNDATION. ITS 14 MEMBERS ARE APPOINTED FROM VARIOUS COUNTRIES AND PROFESSIONAL BACKGROUNDS, INCLUDING ACADEMIA, ACCOUNTANCY, INVESTMENT, REPORTING COMPANIES, REGULATION AND STANDARD-SETTING. THE IASB ISSUES IFRS ACCOUNTING STANDARDS, THE IFRS FOR SMES ACCOUNTING STANDARD AND THE IFRS ACCOUNTING TAXONOMY, WHICH ENABLES DIGITAL REPORTING. THE ISSB IS AN INDEPENDENT SUSTAINABILITY DISCLOSURE STANDARD-SETTING BODY OF THE IFRS FOUNDATION. ITS 14 MEMBERS ARE APPOINTED FROM VARIOUS COUNTRIES AND PROFESSIONAL BACKGROUNDS, INCLUDING ACADEMIA, ACCOUNTANCY, INVESTMENT, SUSTAINABILITY, MARKET OR FINANCIAL REGULATION AND REPORTING COMPANIES. THE ISSB ISSUES IFRS SUSTAINABILITY DISCLOSURE STANDARDS AND THE IFRS SUSTAINABILITY DISCLOSURE TAXONOMY, WHICH ENABLES DIGITAL REPORTING. THE ISSB ALSO MAINTAINS THE SASB STANDARDS. MEMBERS OF THE IASB AND ISSB ARE APPOINTED BY THE TRUSTEES OF THE IFRS FOUNDATION THROUGH AN OPEN AND RIGOROUS PROCESS. THE TRUSTEES, IASB AND ISSB ARE SUPPORTED BY: - THE IFRS ADVISORY COUNCIL, THE FORMAL EXTERNAL ADVISORY BODY TO THE BOARD AND TRUSTEES, CONSISTING OF A WIDE RANGE OF REPRESENTATIVES FROM GROUPS AND INDIVIDUALS THAT ARE AFFECTED BY AND INTERESTED IN THE FOUNDATION'S WORK. - THE INTEGRATED REPORTING AND CONNECTIVITY COUNCIL IS AN ADVISORY BODY TO THE IFRS FOUNDATION TRUSTEES, THE IASB AND ISSB. THE COUNCIL PROVIDES GUIDANCE ON: HOW REPORTING REQUIRED BY THE IASB AND ISSB COULD BE INTEGRATED; AND HOW THE IASB AND ISSB COULD CONSIDER APPLYING PRINCIPLES AND CONCEPTS FROM THE INTEGRATED REPORTING FRAMEWORK TO THEIR PROJECTS. - THE IFRS INTERPRETATIONS COMMITTEE, THE BOARD'S INTERPRETATIVE BODY, WHOSE REMIT IS TO RESPOND TO QUESTIONS ABOUT THE APPLICATION OF THE ACCOUNTING STANDARDS (AND DO OTHER WORK AT THE REQUEST OF THE IASB), CONSISTING OF MEMBERS DRAWN FROM A VARIETY OF COUNTRIES AND PROFESSIONAL BACKGROUNDS. - THE ACCOUNTING STANDARDS ADVISORY FORUM, CONSISTING OF NATIONAL STANDARD-SETTERS AND REGIONAL STANDARD-SETTING BODIES, CONTRIBUTING TOWARDS THE GOAL OF DEVELOPING GLOBALLY ACCEPTED HIGH-QUALITY ACCOUNTING STANDARDS. - THE ISSB INVESTOR ADVISORY GROUP, A GROUP OF LEADING ASSET OWNERS AND STANDARDS FOUNDATION INTERNATIONAL FINANCIAL REPORTING ASSET MANAGERS IN VARIOUS MARKETS WHO ARE COMMITTED TO IMPROVING THE QUALITY AND COMPARABILITY OF SUSTAINABILITY-RELATED FINANCIAL DISCLOSURES. - THE SUSTAINABILITY STANDARDS ADVISORY FORUM, A GROUP OF NOMINATED MEMBERS FROM JURISDICTIONAL AND REGIONAL AUTHORITIES INVOLVED IN SUSTAINABILITY-RELATED REPORTING. - THE SUSTAINABILITY CONSULTATIVE COMMITTEE, A GROUP TO IDENTIFY, INFORM AND ADVISE THE ISSB ON PRIORITY SUSTAINABILITY MATTERS AND RELATED TECHNICAL PROTOCOLS, AS WELL AS SIGNIFICANT INTERDEPENDENCIES BETWEEN SUSTAINABILITY MATTERS. - BOTH BOARDS ARE SUPPORTED BY THE TECHNICAL STAFF FOUNDATION: CONDUCTING RESEARCH AND OTHER TECHNICAL SUSTAINABILITY AND ACCOUNTING ACTIVITIES, EXTENSIVE ENGAGEMENT WITH STAKEHOLDERS AND COLLABORATIVE OUTREACH WITH THE WORLDWIDE INVESTOR AND BUSINESS COMMUNITY. THE IFRS FOUNDATION HAS A HIGHLY REGARDED, INCLUSIVE AND TRANSPARENT DUE PROCESS FOR DEVELOPING IFRS STANDARDS. THIS DUE PROCESS IS OUTLINED IN OUR CONSTITUTION AND IN MORE DETAIL IN THE DUE PROCESS HANDBOOK. THE DUE PROCESS ENABLES OUR DIVERSE GROUP OF STAKEHOLDERS TO FOLLOW AND CONTRIBUTE TO OUR STANDARD-SETTING, HELPING US ENSURE THAT THE REQUIREMENTS IN IFRS STANDARDS REFLECT THE BEST THINKING WORLDWIDE. TRANSPARENCY, FULL AND FAIR CONSULTATION, AND ACCOUNTABILITY ARE THE ESSENTIAL PRINCIPLES OF OUR DUE PROCESS. BY FOLLOWING THESE PRINCIPLES, OUR DUE PROCESS BUILDS TRUST IN AND GLOBAL ACCEPTANCE OF THE IFRS FOUNDATION'S STANDARDS. THE TRUSTEES ARE RESPONSIBLE FOR THE GOVERNANCE OF THE IFRS FOUNDATION. AS PART OF THIS ROLE, THEY ENSURE THAT THE IASB, THE ISSB AND THE IFRS INTERPRETATIONS COMMITTEE FOLLOW THE DUE PROCESS. THE TRUSTEES DO SO VIA THEIR DUE PROCESS OVERSIGHT COMMITTEE (DPOC). ALL MEETING PAPERS THAT INFORM THE DISCUSSIONS OF THE IASB, ISSB AND IFRS INTERPRETATIONS COMMITTEE ARE PUBLISHED ON OUR WEBSITE, AND STAKEHOLDERS CAN WATCH THE DISCUSSIONS VIA LIVE STREAMING OR RECORDINGS. ALL STANDARD-SETTING PROPOSALS ARE PUBLISHED FOR PUBLIC CONSULTATION. THE TRUSTEES ARE CURRENTLY IN THE PROCESS OF AMENDING THE DUE PROCESS HANDBOOK TO FORMALLY INCORPORATE THE ISSB, WHICH, IN THE MEANTIME, IS REQUIRED TO FOLLOW THE REQUIREMENTS SPECIFIED IN THE HANDBOOK FOR THE IASB. BOTH BOARDS CARRY OUT PERIODIC CONSULTATIONS TO INFORM THEIR LONGER-TERM WORK PLANS. THE IFRS FOUNDATION'S REVENUE IS MADE UP OF CONTRIBUTED REVENUE AND EARNED REVENUE. CONTRIBUTED REVENUE IS MADE UP OF VOLUNTARY CONTRIBUTIONS FROM JURISDICTIONS; SEED FUNDING FOR THE ISSB FROM CANADA, CHINA, GERMANY AND JAPAN; PHILANTHROPIC GRANTS; AND CONTRIBUTIONS FROM COMPANIES, INCLUDING CORPORATE CHAMPIONS NETWORK. WHILE FUNDING MECHANISMS DIFFER, MOST JURISDICTIONS HAVE ESTABLISHED EITHER A LEVY ON COMPANIES, OR A SYSTEM OF PUBLICLY SUPPORTED FINANCING. EARNED REVENUE COMES FROM LICENSING OF INTELLECTUAL PROPERTY, PUBLICATIONS, MEMBERSHIP FEES, EDUCATION PROGRAMMES AND CONFERENCES. IN 2025 THE FOUNDATION WILL CONTINUE TO MANAGE ITS OPERATING EXPENDITURE PRUDENTLY AND EFFECTIVELY AND ARE PURSUING FURTHER INITIATIVES TO ENHANCE THE ORGANISATION'S OPERATIONAL STABILITY AND EFFICIENCY. TO LEARN MORE ABOUT THE FOUNDATIONS ACCOMPLISHMENTS AND KEY DEVELOPMENTS DURING 2024, PLEASE SEE OUR 2024 ANNUAL REPORT ON THE FOUNDATION'S WEBSITE WWW.IFRS.ORG. FOR MORE INFORMATION ON THE DEVELOPMENT AND PROGRESS OF IFRS STANDARDS, OR THE IASB AND ISSB'S WORK PLANS AND PROJECTS AT VARIOUS STAGES OF COMPLETION, PLEASE SEE THE "PROJECTS" SECTIONS OF IFRS ACCOUNTING AND IFRS SUSTAINABILITY ON THE FOUNDATION'S WEBSITE WWW.IFRS.ORG. |
| FORM 990, PART III, LINE 4B | CONTENT SERVICES AND RELATED ACTIVITIES: PUBLICATIONS AND THE IFRS TAXONOMY ACTIVITIES ALL SUPPORT THE OBJECTIVES OF THE ORGANIZATION AND THE STANDARD-SETTING PROCESS. SOME MAJOR ACTIVITIES ARE AS FOLLOWS: - CREATION AND MANAGEMENT OF CONTENT-RELATED POLICIES. A KEY CHALLENGE FOR THE CONTENT SERVICES TEAM IS TO BALANCE THE COMMERCIAL NEEDS AND THE PUBLIC INTEREST MISSION OF THE IFRS FOUNDATION. THE TEAM CONTRIBUTES TO THE MISSION AND FINANCING OF THE ORGANISATION THROUGH THE PROVISION OF PUBLICATION SERVICES. - ADVISING NATIONAL AUTHORITIES ON THE IFRS ADOPTION AND CONVERGENCE PROCESS, THE TRANSLATIONS, ADOPTION AND COPYRIGHT TEAM LIAISES WITH THE RELEVANT NATIONAL LEGAL AUTHORITY TO SUPPORT AND ENABLE NATIONAL ADOPTION OF IFRS STANDARDS. THE TEAM AIMS TO SUPPORT THIS PROCESS WHILE MAINTAINING CONSISTENCY WITH THE INTERNATIONAL POLICIES. - DIRECTING IFRS TRANSLATION ACTIVITIES: IFRS STANDARDS ARE TRANSLATED INTO MORE THAN 40 LANGUAGES WORLDWIDE. ANY TRANSLATION OF THE STANDARDS MUST BE CONSISTENT AND PRESERVE THE INTEGRITY OF THE ORIGINAL MEANING IN A NON-ENGLISH LANGUAGE; THE TEAM FACILITATES THIS BY PROVIDING ADVICE TO TRANSLATING JURISDICTIONS AND BY MONITORING THE VARIOUS REVIEW COMMITTEES. - SALES AND LICENSING OF FOUNDATION MATERIAL: THE FOUNDATION'S WEB SHOP IS THE MAIN SALES TOOL FOR BOOKS, SUBSCRIPTIONS AND OTHER PRODUCTS. NUMEROUS PUBLISHERS AND OTHER INDUSTRY ORGANISATIONS SEEK TO SELL CONTENT. IN ORDER TO PROTECT THE IFRS BRAND, CONTENT SERVICES STAFF LICENSE THE USE OF MATERIALS, IN CONFORMITY WITH THE FOUNDATION'S LICENSING POLICIES. - IFRS TAXONOMY: THE IFRS TAXONOMY IS THE XBRL REPRESENTATION OF IFRS STANDARDS THAT SEEKS TO ADDRESS THE DEMAND FOR AN ELECTRONIC STANDARD TO TRANSMIT FINANCIAL INFORMATION. UPDATES CONTAIN ADDITIONAL TAXONOMY CONCEPTS THAT REFLECT NEW AND AMENDED IFRS STANDARDS ISSUED BY THE BOARDS, THEREBY ALLOWING ENTITIES TO REPORT ELECTRONICALLY USING THE LATEST IFRS STANDARDS WITHOUT THE NEED FOR THESE ENTITIES TO CREATE THEIR OWN TAXONOMY CONCEPTS. -THE BOARDS AND THE IFRS INTERPRETATIONS COMMITTEE CARRY OUT ACTIVITIES TO SUPPORT THE UNDERSTANDING AND CONSISTENT APPLICATIONS OF IFRS STANDARDS. SUPPORTING MATERIALS INCLUDE: EDUCATIONAL MATERIALS, WEBCASTS AND WEBINARS, ARTICLES, AND INTERPRETATIONS COMMITTEE AGENDA DECISIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 PROCESS ENSURES ACCURACY AND COMPLIANCE. QUALIFIED EMPLOYEES GATHER THE DATA, AND THE CHIEF FINANCIAL OFFICER REVIEWS IT. A U.S. TRUSTEE WITH FORM 990 EXPERIENCE FIRST REVIEWS THE FORM, FOLLOWED BY THE AUDIT & RISK COMMITTEE. EXTERNAL TAX PROFESSIONALS PROVIDE TECHNICAL ADVICE AND HANDLE ELECTRONIC FILING. THE TRUSTEES CONDUCT A FINAL REVIEW BEFORE SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUSTEES DEVELOP RULES AND PROCEDURES TO ENSURE THAT THE BOARDS ARE, AND ARE SEEN TO BE, INDEPENDENT. THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE ON ITS WEBSITE. TRUSTEES AND BOARD MEMBERS COMPLETE A DECLARATION OF INTEREST WHEN THEY ARE APPOINTED, AND THEN AN ANNUAL DECLARATION. SIMILARLY, SENIOR STAFF COMPLETE AN ANNUAL DECLARATION. THE DECLARATIONS ARE REVIEWED BY THE FOUNDATION'S SECRETARIAT. IN ADDITION, THE POLICY ALSO REQUIRES TRUSTEES, BOARD MEMBERS AND SENIOR STAFF TO NOTIFY ANY CHANGES DURING THE YEAR, WITHIN AT LEAST FOURTEEN (14) DAYS OF BECOMING AWARE OF ANY CHANGES. ANY POTENTIAL CONFLICTS OF INTEREST ARE REFERRED TO THE ETHICS AND GOVERNANCE COMMITTEE CONSISTING OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 15 | OVERALL COMPENSATION AT THE IFRS FOUNDATION IS REVIEWED BY THE HUMAN CAPITAL COMMITTEE , COMPOSED OF TRUSTEES WITH SENIOR EXPERIENCE IN VARIOUS SECTORS. PERIODICALLY, THE COMMITTEE EXAMINES TRENDS IN REMUNERATION USING INDICES LIKE THE CONSUMER PRICE INDEX AND PAY TRENDS IN SIMILAR ORGANISATIONS. THEY PROPOSE COMPENSATION PARAMETERS AND PRINCIPLES TO THE FULL TRUSTEE GROUP FOR APPROVAL. AN INDEPENDENT CONSULTANCY PROVIDES BENCHMARKING DATA TO COMPARE PAY LEVELS WITH OTHER EMPLOYERS. MANAGERS MAKE PAY RECOMMENDATIONS BASED ON THESE BENCHMARKS AND PERFORMANCE EVALUATIONS, WHICH ARE THEN REVIEWED AT THE EXECUTIVE LEVEL. THE COMMITTEE ALSO REVIEWS PROPOSED PAY INCREASES FOR LEADERSHIP ROLES AND SUBMITS THEIR RECOMMENDATIONS TO THE FULL TRUSTEE GROUP FOR FINAL APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE, WWW.IFRS.ORG. |
| FORM 990, ITEM E AND PART VI, SECTION C, LINE 20: | THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE AUDIT AND RISK COMMITTEE HAS PRIMARY OVERSIGHT OF THE FINANCIAL STATEMENTS AND FORM 990 AND MAKES RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT, INCLUDING ITEM E AND PART VI, SECTION C, LINE 20, RESPECTIVELY, AS (207)246-6410 AND 20 7246 6410. |
| FORM 990, PART VII, SECTION A: | REMUNERATION FOR BOARD MEMBERS IS EITHER: AN ANNUAL ALLOWANCE WHERE MEMBERS CAN CHOOSE HOW THIS BALANCE IS RECEIVED IN SALARY, PENSION CONTRIBUTIONS AND OTHER BENEFITS; OR GROSS SALARY PLUS PENSION CONTRIBUTIONS AND OTHER BENEFITS. THE ANNUAL GROSS SALARY BASED ON A FULL YEAR FOR IASB AND ISSB MEMBERS RANGES BETWEEN $522,000 AND $735,000. NINE BOARD MEMBERS RECEIVED COMPENSATION OF THE SAME AMOUNT, $734,8308 AND ARE CONSIDERED TO BE IN THE GROUP OF TOP FIVE HIGHEST COMPENSATED EMPLOYEES. IN ADDITION TO THOSE LISTED ON PART VII, SECTION A, THE FOLLOWING BOARD MEMBERS WERE PAID THE SAME AMOUNT: ROBERT UHL BERTRAND PERRIN JIANQIAO LU BRUCE MACKENZIE ZACH GAST HAGIT KEREN FLORIAN ESTERER FORMER TRUSTEES NO COMPENSATION WAS RECEIVED FOR 2024 FOR FORMER TRUSTEES. HOWEVER, SINCE THEIR COMPENSATION IS PAID IN ARREARS, IT WAS PAID IN 2024 FOR THEIR PRIOR SERVICE, SO THE TRUSTEES ARE INCLUDED IN THIS SECTION OF FORM 990. |
| FORM 990, PART XI, LINE 9: | FX TRANSLATION DIFF ON OPENING RESERVE -812,630. IMPACT OF FOREIGN EXCHANGE TRANSLATION 13,953. |
| FORM 990, PART XII, LINE 2C: | THERE HAVE BEEN NO ALTERATIONS TO THE PROCESS FOR SUPERVISING THE AUDIT OF THE FINANCIAL STATEMENTS. IN 2023, THE AUDIT AND RISK COMMITTEE REQUESTED AUDITOR PARTNER ROTATION, WHICH WAS COMPLETED FOR THE 2024 YEAR END AUDIT. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Province Or StateForeignAddress/ProvinceOrStateNm |
|---|---|---|---|---|---|---|---|---|
| VALUE REPORTING CHARITY UK | ||||||||
| COLUMBUS BLDG 7 WESTFERRY CI CANAR | LONDON | UK | E14 4HD | CHARITY | UK | VRF UK | 0 | |
| IFRS FOUNDATION (ISSB) FRANKFURT | ||||||||
| OPERNPLATZ 14 60313 FRANKFURT AM M | FRANKFURT | GM | 60313 | CHARITY | GM | IFRS FDN | Yes (1) | |
| IFRS FOUNDATION (ISSB) MONTREAL | ||||||||
| 1100 RENE-LEVESQUE BLVD W 25TH FLOO | MONTREAL | CA | H3B 5C9 | CHARITY | CA | IFRS FDN | Yes (1) | |
| IFRS FOUNDATION ASIA OCEANIA IPPAN SHADAN HOJIN | ||||||||
| SOUTH TOWER 9-7 OTEMACHI 1-CHOME | CHIYODAKU | JA | 100-0004 | CHARITY | JA | IFRS FDN | Yes (1) | TOKYO |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| IFRS FOUNDATION ASIA OCEANIA IPPAN SHADAN HOJIN | ||
| B | $1,848,643 | FMV |
| IFRS FOUNDATION (ISSB) FRANKFURT | ||
| B | $5,968,062 | FMV |
| IFRS FOUNDATION (ISSB) MONTREAL | ||
| B | $6,868,262 | FMV |