2018-08-01T07:51:36-05:00 2017-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2017-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 2028573600 2018-08-01 1 FRANK H SMITH P00639053 2028225000 2018-08-01 2017 2022-09-23 18:48:47Z TIMOTHY D ADAMS 1333 H STREET NW NO 800E WASHINGTON DC 20005 39665947 0 X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 38 37 101 37 0 0 0 0 34992750 34705623 317652 1204456 12210 22777 35322612 35932856 0 0 0 0 22544136 23391316 0 0 0 12261970 10795115 34806106 34186431 516506 1746425 42233555 42182741 19023758 17296081 23209797 24886660 X THE INSTITUTE OF INTERNATIONAL FINANCE, INC.'S (IIF) MISSION IS TO SUPPORT THE FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS, INCLUDING SOVEREIGN RISK; IN DEVELOPING SOUND PRACTICES AND STANDARDS; AND IN ADVOCATING REGULATORY, FINANCIAL, AND ECONOMIC POLICIES THAT ARE IN THE BROAD INTEREST OF OUR MEMBERS AND FOSTER GLOBAL FINANCIAL STABILITY. 0 0 ECONOMIC RESEARCH: IIF PROVIDES ITS MEMBERS WITH HIGH-QUALITY, TIMELY, AND IMPARTIAL ANALYSIS AND RESEARCH ON GLOBAL FINANCIAL AND ECONOMIC DEVELOPMENTS AND OTHER CENTRAL ISSUES IN GLOBAL FINANCE. IN 2017, IIF PUBLISHED SEVERAL HUNDRED RESEARCH REPORTS INCLUDING COUNTRY REPORTS, GLOBAL MACRO VIEWS, ECONOMIC VIEWS, WEEKLY INSIGHTS, CAPITAL FLOWS REPORTS, CAPITAL FLOWS TRACKERS, FLOWS ALERTS, GLOBAL ECONOMIC MONITORS, AND CAPITAL MARKET MONITORS, GLOBAL DEBT MONITORS, EMERGING MARKET LENDING SURVEYS, PORTFOLIO ALLOCATION TRENDS, AND EMERGING MARKET GROWTH TRACKER REPORTS. IIF INTRODUCED TWO NEW ECONOMIC RESEARCH PRODUCTS IN 2017. THE FIRST, GLOBAL MACRO VIEWS (GMV), PROVIDES MEMBERS WITH CROSS-COUNTRY ANALYSES OF KEY MARKET AND POLICY DEVELOPMENTS. SOME OF THE THEMES THAT THESE REPORTS HAVE CONSIDERED INCLUDE AN ANALYSIS OF KEY ECONOMIC INDICATORS IN BLUE VS. RED STATES; THE PHILLIPS CURVE PUZZLE; STRUCTURAL CHANGE AND THE LABOR MARKET; EMERGING MARKET VULNERABILITIES AND THE "BIG UNWIND." THE SECOND NEW PRODUCT, ECONOMIC VIEWS (EV), PROVIDES COUNTRY AND REGIONAL ANALYSIS ON KEY ECONOMIC AND POLICY DEVELOPMENTS IN EMERGING MARKETS. BOTH THE GMV AND EV REPORTS COMPLEMENT IIF'S TRADITIONAL AND MORE IN-DEPTH COUNTRY REPORTS AND DATABASES. IIF ALSO UPDATED ITS COUNTRY DATABASES IN 2017. IN 2017, IIF ALSO CONTINUED TO EXPAND ITS MONITORING AND ANALYSIS OF EM CAPITAL FLOWS, ITS FLAGSHIP PRODUCT, INCLUDING INVESTIGATING TOPICS SUCH AS THE IMPACT OF THE US PRESIDENTIAL ELECTION ON GLOBAL CAPITAL FLOWS, SOUTH-SOUTH TRADE AND INVESTMENT FLOWS, EM PORTFOLIO FLOWS BY INVESTOR TYPE, THE RELATIONSHIP BETWEEN THE FED'S BALANCE SHEET AND EM PORTFOLIO FLOWS, AND AN ANALYSIS OF FLOWS TO QATAR IN THE WAKE OF SANCTIONS FROM ITS REGIONAL NEIGHBORS. FINALLY, IIF LAUNCHED A NEW WORK STREAM ON POLITICAL RISKS, WITH A NEW ANNUAL PUBLICATION ON KEY RISKS, REGULAR REPORTS ON U.S. ECONOMIC POLICY, AND NEW PODCAST. THE U.S. REPORTS FOCUSED ON TAX REFORM, THE BUDGET PROCESS, TRADE POLICY, AND ENERGY POLICY. GLOBAL POLITICAL RISK TOPICS SUCH AS BREXIT WERE ALSO ADDRESSED. INTERNATIONAL FINANCIAL REGULATION: IIF IS THE LEADING VOICE FOR THE FINANCIAL SERVICES INDUSTRY ON GLOBAL REGULATORY ISSUES. IIF ENGAGES CONTINUOUSLY AND CONSTRUCTIVELY WITH GLOBAL STANDARD SETTERS AND POLICYMAKERS THROUGH FORMAL SUBMISSIONS AND REPORTS, AS WELL AS THROUGH REGULAR DIALOGUE AND HIGH-LEVEL SYMPOSIA. IN 2017, IIF CONTINUED TO LEAD GLOBAL ADVOCACY EFFORTS REPRESENTING THE INDUSTRY IN DIALOGUE WITH THE BASEL COMMITTEE ON THE BASEL III REFORM PROPOSALS. THIS INCLUDED EXTENSIVE ANALYTICAL WORK AND A COMPREHENSIVE QIS ANALYSIS. IIF ALSO CONTINUED TO LEAD EFFORTS TO CONSTRUCTIVELY ENCOURAGE GLOBAL STANDARD SETTERS TO IMPROVE THEIR GOVERNANCE, TRANSPARENCY AND IMPACT ANALYSIS. IIF LED INDUSTRY EFFORTS ON THE QUESTION OF STEP-IN RISK AND OUR STRONG ANALYTICAL WORK RESULTED IN A FUNDAMENTAL RECONSIDERATION OF THE STANDARDS BY THE BCBS. WITH REGARD TO FRTB, IIF HAS BEEN A LEADING VOICE IN BRINGING ATTENTION TO DEFICIENCIES IN ITS DESIGN AND CALIBRATION. THIS HAS BEEN DONE THROUGH QIS AND ANALYTICAL WORK DURING 2017 AND CLOSE DIALOGUE WITH THE BASEL WORKING GROUP IN CHARGE OF MARKET RISK. FINALLY, BY ENGAGING EUROPOL AND FATF THROUGH OUR SOLID ANALYTICAL WORK, IIF WAS ABLE IN 2017 TO PROMOTE A MUCH MORE OPEN AND EFFECTIVE APPROACH TO AML DATA SHARING. WITH EUROPOL, IIF WAS ABLE TO FORGE A PARTICULARLY STRONG WORKING RELATIONSHIP AT THE MOST SENIOR LEVEL WHICH HAS RESULTED IN THE ESTABLISHMENT OF A PRIVATE-PUBLIC SECTOR FORUM FOR INFORMATION SHARING. GLOBAL EVENTS AND TRAINING: IIF ALSO PROVIDES A WIDE RANGE OF OPPORTUNITIES, IN PERSON AND VIA CONFERENCE CALLS, FOR MEMBERS AND POLICYMAKERS TO GATHER AND DISCUSS ISSUES OF COMMON INTEREST AND CONCERN ON GLOBAL AND REGIONAL FINANCIAL AND ECONOMIC ISSUES. IIF'S THREE LARGE SIGNATURE EVENTS IN 2017 - THE G20 MEETING IN FRANKFURT, THE SPRING MEMBERSHIP MEETING (SMM) IN TOKYO, AND THE ANNUAL MEMBERSHIP MEETING (AMM) IN WASHINGTON - PROVIDED IIF MEMBERS WITH EXPANDED PROGRAM CONTENT, FIRST CLASS SPEAKERS, AND A WIDE RANGE OF NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES. FOR EXAMPLE, IIF'S AMM WAS EXPANDED TO FOUR DAYS AND INCLUDED TRACKS ON THE G20 COMPACT WITH AFRICA, KEY ISSUES IN FRONTIER AND EMERGING MARKETS, GLOBAL BANKING AND ECONOMIC ISSUES, INNOVATION TOPICS, AND TOPICS RELATED TO FINANCIAL REGULATION. IN 2017, IIF ALSO INTRODUCED THE WASHINGTON POLICY SUMMIT WHICH FEATURED SENIOR POLICYMAKERS (INCLUDING, FROM THE NEW U.S. ADMINISTRATION, STEVEN MNUCHIN, GARY COHN, AND MICK MULVANEY), FINANCIAL INDUSTRY LEADERS, AND POLICY EXPERTS TAKING AN IN-DEPTH LOOK AT THE CRITICAL ISSUES FACING THE TRUMP ADMINISTRATION. IIF ALSO CONTINUED TO OFFER MEMBERS A WIDE RANGE OF REGIONAL EVENTS, SUCH AS ITS EUROPEAN BANKING UNION CONFERENCE, WHICH ATTRACTED KEY POLICYMAKERS FROM THE REGION AND IS NOW CONSIDERED A KEY VENUE FOR THE DIALOGUE WITH THE INDUSTRY ON THE DEVELOPMENT OF THE EBU AND THE ESTABLISHMENT OF AN EFFECTIVE EU RESOLUTION FRAMEWORK. OTHER REGIONAL EVENTS INCLUDE ITS REGIONAL CRO MEETINGS AND REGIONAL ECONOMIC FORA; A SPECIAL FINANCIAL SUMMIT FOCUSED EXCLUSIVELY ON ARGENTINA; A FORUM FOR IIF MEMBERS AND OTHER VENEZUELAN BONDHOLDERS TO EXCHANGE VIEWS; AND A WIDE VARIETY OF SMALLER BUT EQUALLY CRITICAL MEETINGS, SEMINARS, AND COLLOQUIA. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 38 0 1 101 1 0 1 CH SN 0 0 0 0 X 38 37 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X BARRIE ORELLANA 2028573316 1333 H STREET NW NO 800E WASHINGTON DC 20005 AXEL WEBER CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN 2.00 X X 0 0 0 BRIAN PORTER VICE CHAIRMAN AND TREASURER 2.00 X X 0 0 0 SAEED AL-GHAMDI BOARD DIRECTOR 2.00 X 0 0 0 ALI AHMED AL-KUWARI BOARD DIRECTOR 2.00 X 0 0 0 OLIVER BATE BOARD DIRECTOR 2.00 X 0 0 0 WALTER BAYLY BOARD DIRECTOR 2.00 X 0 0 0 ANA BOTIN BOARD DIRECTOR 2.00 X 0 0 0 MICHEAL CORBAT BOARD DIRECTOR 2.00 X 0 0 0 JOHN CRYAN BOARD DIRECTOR 2.00 X 0 0 0 TOM DE SWAAN BOARD DIRECTOR 2.00 X 0 0 0 SUZAN SABANCI DINCER BOARD DIRECTOR 2.00 X 0 0 0 MARTIN GILBERT BOARD DIRECTOR 2.00 X 0 0 0 FRANCISCO GONZALEZ BOARD DIRECTOR 2.00 X 0 0 0 JAMES GORMAN BOARD DIRECTOR 2.00 X 0 0 0 PIYUSH GUPTA BOARD DIRECTOR 2.00 X 0 0 0 RALPH HAMERS BOARD DIRECTOR 2.00 X 0 0 0 NOBUHIDE HAYASHI BOARD DIRECTOR 2.00 X 0 0 0 NOBUYUKI HIRANO BOARD DIRECTOR 2.00 X 0 0 0 STEVEN KANDARIAN BOARD DIRECTOR 2.00 X 0 0 0 CHANDA KOCHHAR BOARD DIRECTOR 2.00 X 0 0 0 JEAN LEMIERRE BOARD DIRECTOR 2.00 X 0 0 0 MICHEL M LIES BOARD DIRECTOR 2.00 X 0 0 0 FREDERIC OUDEA BOARD DIRECTOR 2.00 X 0 0 0 JEAN PIERRE BOARD DIRECTOR 2.00 X 0 0 0 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR 2.00 X 0 0 0 CHARLES SCHARF BOARD DIRECTOR 2.00 X 0 0 0 HARVEY SCHWARTZ BOARD DIRECTOR 2.00 X 0 0 0 JES STALEY BOARD DIRECTOR 2.00 X 0 0 0 MAKOTO TAKASHIMA BOARD DIRECTOR 2.00 X 0 0 0 JOHAN TORGEBY BOARD DIRECTOR 2.00 X 0 0 0 ANDREAS TREICHL BOARD DIRECTOR 2.00 X 0 0 0 MARK TUCKER BOARD DIRECTOR 2.00 X 0 0 0 JOSE VINALS BOARD DIRECTOR 2.00 X 0 0 0 HUIMAN YI BOARD DIRECTOR 2.00 X 0 0 0 MARTIN ZIELKE BOARD DIRECTOR 2.00 X 0 0 0 TIMOTHY D ADAMS PRESIDENT/CEO 40.00 X X 2564563 0 58774 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 40.00 X 528797 0 54127 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 40.00 X 901065 0 30215 ANDRES PORTILLA MANAGING DIRECTOR 40.00 X 812364 0 65812 KRISTEN SILVERBERG MANAGING DIRECTOR/GENERAL COUNSEL 40.00 X 778434 0 53300 LOREN BUSHKAR MANAGING DIRECTOR 40.00 X 424332 0 37510 ROBIN BROOKS MNG DIR/CHIEF ECON. (AS OF 03/2017) 40.00 X 418523 0 34882 CHRIS FULGHUM SENIOR DIRECTOR 40.00 X 402985 0 53774 SONJA GIBBS SENIOR DIRECTOR 40.00 X 521201 0 29205 BRAD CARR SENIOR DIRECTOR 40.00 X 434595 0 53774 DAVID SCHRAA REGULATORY COUNSEL - UNTIL 09/2017 40.00 X 424750 0 63635 MARTIN BOER DIRECTOR 40.00 X 423986 0 46896 GARBIS IRADIAN HEAD OF MENA RESEARCH 40.00 X 390363 0 28856 9025958 0 610760 50 0 1 0 BAKER DONELSON BEARMAN CALDWELLBERKOW 901 K ST NW 900 WASHINGTON DC 20001 LEGAL SERVICES 158502 PROTECH 5457 TWIN KNOLLS ROAD SUITE 400 COLUMBIA MD 21045 DATABASE CONSULTANT 144731 2 MEMBERSHIP DUES 900099 31226345 31226345 SPONSORSHIP INCOME 900099 2662745 2662745 REGISTRATION FEES 900099 765873 765873 GOVERNMENT CONTRACTS 900099 50660 50660 34705623 261036 261036 4676511 3733091 943420 943420 943420 SUBLEASE INCOME 531390 13096 13096 FORFEITED REGISTRATIONS 900099 6600 6600 CREDITS & REBATES 900099 1417 1417 1664 1664 22777 35932856 32042878 0 3889978 7219457 13484743 1012252 1023220 651644 147410 173030 45387 229313 828808 2620164 2028621 2875619 935026 191404 SUBSCRIPTIONS/BOOKS 529124 EMPLOYEE EVENTS/RECRU. 181631 BAD DEBT 8771 FOREIGN TAXES/FEES 8229 -7422 34186431 192833 24042 26280374 25700867 610180 523506 1031150 1313930 10075743 6815052 4050041 3260691 9901471 11000875 167506 358830 42233555 42182741 1991072 2353484 12018019 10390637 5014667 4551960 19023758 17296081 X 23209797 24886660 23209797 24886660 42233555 42182741 1746425 -69562 0 X 0 1 X 1 0 4871898 2485015 2386883 2420452 1740074 680378 2783393 2589963 193430 3260691 DEFERRED RENT AND LEASE INCENTIVE 4551960 4551960 X PART X, LINE 2: IIF EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. EAST ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 1207292 EUROPE (INCLUDING ICELAND & GREENLAND) 2 1 PROGRAM SERVICES ADVOCACY ON REGULATORY ISSUES AND MEMBERSHIP DEVELOPMENT 693098 MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 946698 5 7 0 0 5 7 2847088 0 2847088 0 0 0 0 0 1 PART I, LINE 3: IIF REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS AN ACCRUAL BASIS. X X X X 0 0 0 TIMOTHY D ADAMS PRESIDENT/CEO 1250000 0 1300000 0 14563 0 27000 0 31774 0 2623337 0 0 0 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 286385 0 243428 0 -1016 0 27000 0 27127 0 582924 0 0 0 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 457820 0 434929 0 8316 0 27000 0 3215 0 931280 0 0 0 ANDRES PORTILLA MANAGING DIRECTOR 400000 0 400000 0 12364 0 27000 0 38812 0 878176 0 0 0 KRISTEN SILVERBERG MANAGING DIRECTOR/GENERAL COUNSEL 391668 0 400000 0 -13234 0 27000 0 26300 0 831734 0 0 0 LOREN BUSHKAR MANAGING DIRECTOR 258400 0 167960 0 -2028 0 27000 0 10510 0 461842 0 0 0 ROBIN BROOKS MNG DIR/CHIEF ECON. (AS OF 03/2017) 262500 0 157500 0 -1477 0 27000 0 7882 0 453405 0 0 0 CHRIS FULGHUM SENIOR DIRECTOR 257550 0 154530 0 -9095 0 27000 0 26774 0 456759 0 0 0 SONJA GIBBS SENIOR DIRECTOR 294287 0 220715 0 6199 0 27000 0 2205 0 550406 0 0 0 BRAD CARR SENIOR DIRECTOR 252552 0 189414 0 -7371 0 27000 0 26774 0 488369 0 0 0 DAVID SCHRAA REGULATORY COUNSEL - UNTIL 09/2017 274313 0 0 0 150437 0 25847 0 37788 0 488385 0 0 0 MARTIN BOER DIRECTOR 270175 0 162105 0 -8294 0 27000 0 19896 0 470882 0 0 0 GARBIS IRADIAN HEAD OF MENA RESEARCH 256296 0 128148 0 5919 0 27000 0 1856 0 419219 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN IIF SHALL BE OPEN TO ANY LENDING INSTITUTION, INVESTMENT BANK, MERCHANT BANK, INVESTMENT FUND ENGAGED IN INTERNATIONAL FINANCIAL TRANSACTIONS, OR INSURANCE COMPANY. FORM 990, PART VI, SECTION A, LINE 7A IIF'S FULL MEMBERS CAN ELECT 30 AUTHORIZED INDIVIDUALS OF THE BOARD OF DIRECTORS WHILE THE REMAINING BOARD OF DIRECTORS ELECT AN ADDITIONAL 10. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. UPON ISSUANCE OF THE DRAFT, THE FORM 990 IS REVIEWED BY THE SENIOR ACCOUNTING MANAGER, SENIOR DIRECTOR OF FINANCE, AND THEN REVIEWED AND SIGNED BY THE PRESIDENT AND CEO BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 IIF DOES NOT REGULARLY OR CONSISTENTLY MONITOR FOR ANY NON-COMPLIANCE WITH CONFLICT OF INTEREST POLICY. HOWEVER, IF NON-COMPLIANCE WAS IDENTIFIED, IIF WOULD CERTAINLY ENFORCE THE POLICY AND REQUIRE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS ESTABLISHED A SEPARATE COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION (BOTH BASE SALARY AND YEAR-END BONUS RANGE) OF IIF'S PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO) PRIOR TO THE ESTABLISHMENT AND/OR RENEWAL/EXTENSION OF AN EMPLOYMENT CONTRACT. THIS INCLUDES A REVIEW OF COMPARABILITY DATA. IN ADDITION, AT THE END OF EACH YEAR, THE COMMITTEE REVIEWS THE ACCOMPLISHMENTS OF THE PRESIDENT/CEO TO DETERMINE THE ACTUAL YEAR-END BONUS WITHIN THE RANGE ESTABLISHED BY THE CONTRACT. THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT BECAME EFFECTIVE JANUARY 2013, WAS RENEWED AND EXTENDED IN JUNE, 2015 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2017, AND THEN WAS RENEWED AND EXTENDED IN DECEMBER 2017 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2020. THE COMPENSATION COMMITTEE LAST MET VIA CONFERENCE CALL IN DECEMBER 2017 TO REVIEW AND TO DETERMINE THE ACTUAL YEAR-END BONUS WITHIN THE RANGE ESTABLISHED BY THE CONTRACT. THE PRESIDENT/CEO REVIEWS MARKET COMPENSATION DATA FOR KEY EMPLOYEES AS PROVIDED BY THE SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION. THIS PROCESS LAST TOOK PLACE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IIF ASIA PACIFIC LTD 50 RAFFLES PLACE SUITE 22-06 SINGA SN 048623 A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION SN 239368 377785 INSTITUTE OF INTERNATIONAL FINANCE INC SCHEDULE R, PART I: IIF CONDUCTS SOME OF ITS PROGRAMS THROUGH FIELD OFFICES AND AFFILIATES IN FOREIGN COUNTRIES. IN ORDER TO ADHERE WITH THE LAWS OF SINGAPORE, IIF ASIA PACIFIC, LTD. WAS ESTABLISHED IN MAY 2014 TO ACT AS A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION. IIF IS THE SOLE MEMBER OF IIF ASIA PACIFIC, LTD. FOR PURPOSES OF THE 990, IIF ASIA PACIFIC, LTD IS LISTED AS A DISREGARDED ENTITY AND ITS ACTIVITIES REFLECTED THROUGHOUT THE TAX RETURN.