2014-10-06T13:02:07-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2013-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 200054770 TIMOTHY D ADAMS PRESIDENT AND CEO 2028573600 2014-10-02 1 YUNG-HEE GALLINARO P00035293 5712279500 2013 2015-11-30 17:44:51Z TIMOTHY D ADAMS 1333 H STREET NW NO 800E WASHINGTON DC 200054770 33499632 0 X WWW.IIF.COM X 1982 DC TO SUPPORT THE FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS, INCLUDING SOVEREIGN RISK; IN DEVELOPING BEST 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. 36 35 109 35 0 0 0 0 32829085 33308336 830591 180966 7394 10330 33667070 33499632 0 0 0 0 21420235 21999819 0 0 0 10961605 9754663 32381840 31754482 1285230 1745150 34533086 41070594 13492998 17804362 21040088 23266232 X 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 AND FINANCIAL ANALYSISTHE INSTITUTE 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 2013, WE PUBLISHED 135 RESEARCH NOTES, 18 INSIGHTS, 5 REGIONAL REPORTS; 3 CAPITAL FLOWS REPORTS; 9 MONTHLY GLOBAL ECONOMIC MONITORS; 10 CAPITAL MARKET MONITORS; 8 CHARTBOOK UPDATES; 4 EMERGING MARKET LENDING SURVEYS; 2 EURO BRIEFINGS; WEEKLY ECONOMIC AND MARKET BRIEFINGS IN ADDITION TO SEVERAL OTHER RESEARCH REPORTS. IN ADDITION TO THESE REPORTS, IIF ECONOMISTS PROVIDE ECONOMIC BRIEFINGS IN A VARIETY OF GLOBAL AND REGIONAL VENUES. EVENTS AND TRAINING PROGRAMSTHE INSTITUTE PROVIDES A WIDE RANGE OF OPPORTUNITIES, IN PERSON AND VIA CONFERENCE CALLS, FOR MEMBERS TO GATHER AND DISCUSS ISSUES OF COMMON INTEREST AND CONCERN ON GLOBAL AND REGIONAL FINANCIAL AND ECONOMIC ISSUES. IN 2013 THE GLOBAL ECONOMIC RECOVERY, CHANGES IN GLOBAL FINANCIAL REGULATION, AND OUR COMMITTEE OR WORKING GROUP MEETINGS ALL FIGURED PROMINENTLY IN OUR EVENTS WHICH TOTALED APPROXIMATELY 80 AND INCLUDED PRESENTATIONS ON THE FINANCIAL AND ECONOMIC OUTLOOK, DISCUSSIONS ON RISK MANAGEMENT, ANALYSIS OF THE RECOVERY, RECOMMENDATIONS FOR THE G20, AMONG OTHER THINGS. GLOBAL FINANCIAL SERVICES REGULATIONTHE FOCUS OF THE INSTITUTE'S REGULATORY AFFAIRS WORK IS TWO-FOLD: TO SERVE AS A FORUM FOR DIALOGUE WITH OFFICIALS ON KEY REGULATORY ISSUES AFFECTING THE GLOBAL FINANCIAL SERVICES INDUSTRY AND TO IDENTITY AND DISSEMINATE SOUND PRACTICES AND INDUSTRY STANDARDS IN SUCH AREAS AS RISK MANAGEMENT, CORPORATE GOVERNANCE, AND REGULATORY COMPLIANCE. IN 2013, THE IIF RELEASED SEVERAL PUBLICATIONS ON RELATED TOPICS INCLUDING, WITH ERNST & YOUNG, "REMAKING FINANCIAL SERVICES: RISK MANAGEMENT FIVE YEARS AFTER THE CRISIS," WHICH EXAMINED THE PROGRESS BANKS HAVE MADE IN IMPLEMENTING CHANGES TO THEIR RISK MANAGEMENT PROCESSES. THE IIF ALSO RELEASED "PROMOTING GREATER INTERNATIONAL REGULATORY CONSISTENCY." THE INSTITUTE HAS ALSO EMPHASIZED THE NEED FOR THE FINANCIAL SERVICES INDUSTRY TO EXAMINE AND IMPROVE ITS OWN PRACTICES AND HAS CONTINUED TO REVIEW AND ENCOURAGE THE IMPLEMENTATION OF SOUND INDUSTRY PRACTICES. TO THIS END, IN 2013 THE IIF (WITH OLIVER WYMAN) RELEASED "COMPENSATION REFORM: EMBEDDING GLOBAL STANDARDS," ITS 4TH REPORT ON THE PROGRESS MADE BY GLOBAL WHOLESALE BANKS IN IMPLEMENTING IMPROVED COMPENSATION PRACTICES. THE IIF CONTINUES TO SERVE AS A FORUM FOR DIALOGUE WITH THE FINANCIAL STABILITY BOARD (FSB), THE BASEL COMMITTEE ON BANKING SUPERVISION (BCBS), THE INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS (IAIS), AND THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS (IOSCO), AMONG OTHERS. AMONG OTHER THINGS, THE IIF PROVIDES INDUSTRY RESPONSES TO CONSULTATIVE DOCUMENTS ISSUED BY THESE ORGANIZATIONS. MEMBERSHIP DEVELOPMENTMEMBERSHIP DEVELOPMENT ACTIVITIES INCLUDE, AMONG OTHER THINGS, ONE-ON-ONE MEETINGS WITH OUR MEMBERS TO DISCUSS ISSUES OF CONCERN TO THEM AND TO EXPLAIN THE RANGE OF PRODUCTS AND SERVICES AVAILABLE TO THEM. IT ALSO INCLUDES PRESS RELATIONS AS MANY OF THE TOPICS WE COVER ANALYTICALLY ARE OF INTEREST TO THE PRESS. CAPITAL MARKETS AND EMERGING MARKETS POLICYMULTILATERAL ORGANIZATIONS TO STRENGTHEN THE EFFICIENCY, TRANSPARENCY, STABLILITY, AND COMPETITIVENESS OF THE GLOBAL FINANCIAL SYSTEM, WITH AN EMPHASIS ON VOLUNTARY, MARKET-BASED APPROACHES TO CRISIS PREVENTION AND MANAGEMENT, AND PROMOTES THE DEVELOPMENT OF SOUND FINANCIAL SYSTEMS, WITH AN EMPHASIS ON EMERGING MARKETS. IN 2013, THE INSTITUTE PLAYED A VITAL ROLE IN THE EURO AREA DEBT NEGOTIATIONS AND CONTINUED TO ADVANCE THE IMPLEMENTATION OF THE PRINCIPLES FOR STABLE CAPITAL FLOWS AND FAIR DEBT RESTRUCTURING. DURING 2013, THE PRINCIPLES IMPLEMENTATION PROCESS SUPPORTED TRADITIONAL CRISIS PREVENTION AND RESOLUTION CASES IN ADDITION TO PROVIDING GUIDANCE RELATED TO THE EUROPEAN DEBT CRISIS. THE BENEFITS OF A COOPERATIVE, TRANSPARENT, AND MARKET-BASED APPROACH TO GOOD FAITH NEGOTIATIONS IN THESE CASES CONTRIBUTED TO THE RESTORATION OF EXTERNAL MARKET ACCESS IN COUNTRIES SUPPORTED BY DEBT-RELIEF PROGRAMS. THE IIF ALSO RELEASED A REPORT ON "STRUCTURAL CHALLENGES TO EMERGING MARKET GROWTH" AND A REPORT ON "RESTORING FINANCING AND GROWTH TO EUROPE'S SME'S." 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 109 1 0 1 CH 0 0 0 0 X 36 35 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 0 0 X THE ORGANIZATION 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 200054770 DOUGLAS FLINT CHAIRMAN 2.00 X X 0 0 0 ROBERTO SETUBAL VICE CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN 2.00 X X 0 0 0 MARCUS WALLENBERG VICE CHAIRMAN AND TREASURER 2.00 X X 0 0 0 YAHYA ALYAHYA BOARD DIRECTOR 2.00 X 0 0 0 WALTER BAYLY BOARD DIRECTOR 2.00 X 0 0 0 MARTIN BLESSING BOARD DIRECTOR 2.00 X 0 0 0 GARY COHN BOARD DIRECTOR 2.00 X 0 0 0 MICHAEL CORBAT BOARD DIRECTOR 2.00 X 0 0 0 IBRAHIM DABDOUB BOARD DIRECTOR 2.00 X 0 0 0 FEDERICO GHIZZONI 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 GERALD HASSELL BOARD DIRECTOR 2.00 X 0 0 0 NOBUYUKI HIRANO BOARD DIRECTOR 2.00 X 0 0 0 ANSHU JAIN BOARD DIRECTOR 2.00 X 0 0 0 ANTONY JENKINS BOARD DIRECTOR 2.00 X 0 0 0 CHAOLIANG JIANG BOARD DIRECTOR 2.00 X 0 0 0 JIANQING JIANG BOARD DIRECTOR 2.00 X 0 0 0 CHANDA KOCHHAR BOARD DIRECTOR 2.00 X 0 0 0 JACKO MAREE BOARD DIRECTOR 2.00 X 0 0 0 MASAYUKI OKU BOARD DIRECTOR 2.00 X 0 0 0 FREDERIC OUDEA BOARD DIRECTOR 2.00 X 0 0 0 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 BRIAN PORTER BOARD DIRECTOR 2.00 X 0 0 0 BAUDOUIN PROT BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR 2.00 X 0 0 0 SUZAN SABANCI DINCER BOARD DIRECTOR 2.00 X 0 0 0 PETER SANDS BOARD DIRECTOR 2.00 X 0 0 0 MARTIN SENN BOARD DIRECTOR 2.00 X 0 0 0 MICHAEL SMITH BOARD DIRECTOR 2.00 X 0 0 0 ANDREAS TREICHL BOARD DIRECTOR 2.00 X 0 0 0 TAKASHI TSUKAMOTO BOARD DIRECTOR 2.00 X 0 0 0 AXEL WEBER BOARD DIRECTOR 2.00 X 0 0 0 TIMOTHY D ADAMS PRESIDENT AND CEO 40.00 X X 2241449 0 40293 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 40.00 X 459415 0 40293 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 40.00 X 881952 0 25500 KEVIN NIXON MANAGING DIRECTOR 40.00 X 742862 0 31089 KRISTEN SILVERBERG GENERAL COUNSEL AND SENIOR ADVISOR 40.00 X 258077 0 33532 CHARLES COLLYNS MANAGING DIRECTOR AND CHIEF ECONOMIST 40.00 X 207907 0 17128 GEORGE ABED SENIOR COUNSEL & DIRECTOR 40.00 X 642158 0 25500 DAVID SCHRAA REGULATORY COUNSEL 40.00 X 586610 0 37285 GREGORY FAGER DIRECTOR 40.00 X 505465 0 37437 ANDRES PORTILLA DIRECTOR 40.00 X 456986 0 40202 ABDESSATAR OUANES DIRECTOR 40.00 X 466584 0 25500 7449465 0 353759 50 0 1 0 0 MEMBERSHIP DUES 900099 30174516 30174516 SPONSORSHIP INCOME 900099 2402565 2402565 REGISTRATION FEE INCOME 900099 731255 731255 33308336 180966 180966 OTHER INCOME 900099 10330 10330 10330 33499632 33318666 0 180966 4979497 14518173 1028288 688989 784872 219939 80949 301097 952911 2035060 2755259 2166935 587712 87632 SUBSCRIPTIONS AND BOOKS 366723 TAX,INSURANCE AND FEES 147366 MISCELLANEOUS EXPENSES 53080 31754482 -52383 -213984 24119746 28930703 423515 201743 352623 484986 5223985 3008170 912932 2215815 8776653 9451331 34533086 41070594 1432254 1605417 11856423 13999101 204321 2199844 13492998 17804362 X 21040088 23266232 21040088 23266232 34533086 41070594 1745150 480994 0 X 0 1 X 1 0 2239403 939792 1299611 1524375 987184 537191 1460207 1081194 379013 2215815 DEFERRED RENT 2199844 2199844 X 33980626 480994 480994 33499632 0 33499632 31754482 0 31754482 0 31754482 PART X, LINE 2: THE INSTITUTE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE EVALUATED ITS INCOME TAX POSITIONS AND DETERMINED THAT THEY ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE INSTITUTE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. EAST ASIA AND THE PACIFIC - 1 1 PROGRAM SERVICES THE GOAL OF THE INSTITUTE OF INTERNATIONAL FINANCE, INC.'S ASIA REPRESENTATIVE OFFICE IN BEIJING IS TO FACILITATE THE EXCHANGE OF IDEAS, EXPERIENCE, KNOWLEDGE AND CONTACTS BETWEEN THE RAPIDLY GROWING FINANCIAL SERVICES INDUSTRY OF ASIA AND ITS COUNTERPARTS ACROSS THE WORLD. THE OFFICE PLAYED A CENTRAL ROLE IN DEEPENING AND EXPANDING INSTITUTE OF INTERNATIONAL FINANCE, INC. ACTIVITIES IN THE REGION AND IN SUPPORTING THE ASIAN FINANCIAL SECTOR AS IT ASSUMES A GREATER ROLE AND VOICE IN THE INTERNATIONAL FINANCIAL COMMUNITY. THE OFFICE WAS ESTABLISHED TO COORDINATE A WIDE RANGE OF ACTIVITIES IN ASIA; TO ENHANCE OUR ABILITY TO MEET THE NEEDS OF OUR ASIAN MEMBERS IRRESPECTIVE OF DIFFERENCES IN TIME, LANGUAGE, AND CULTURE; TO INFORM MEMBERS IN THE REGION OF THE INSTITUTE OF INTERNATIONAL FINANCE, INC.'S ONGOING RESEARCH AND ANALYSIS; TO ENCOURAGE MEMBERS TO ACTIVELY PARTICIPATE IN THE GLOBAL REGULATORY DIALOGUE; AND TO IDENTIFY COMMON INTERESTS ON KEY POLICY ISSUES. 951491 1 1 0 0 1 1 951491 0 951491 0 0 0 0 0 0 1 X X X 0 0 0 TIMOTHY D ADAMS PRESIDENT AND CEO 1241449 0 1000000 0 0 0 25500 0 14793 0 2281742 0 0 0 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 243949 0 205000 0 10466 0 25500 0 14793 0 499708 0 0 0 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 438490 0 435000 0 8462 0 25500 0 0 0 907452 0 0 0 KEVIN NIXON MANAGING DIRECTOR 370612 0 372250 0 0 0 25500 0 5589 0 773951 0 0 0 KRISTEN SILVERBERG GENERAL COUNSEL AND SENIOR ADVISOR 139983 0 117000 0 1094 0 25500 0 8032 0 291609 0 0 0 CHARLES COLLYNS MANAGING DIRECTOR AND CHIEF ECONOMIS 141241 0 66666 0 0 0 17128 0 0 0 225035 0 0 0 GEORGE ABED SENIOR COUNSEL & DIRECTOR 367158 0 275000 0 0 0 25500 0 0 0 667658 0 0 0 DAVID SCHRAA REGULATORY COUNSEL 314060 0 265000 0 7550 0 25500 0 11785 0 623895 0 0 0 GREGORY FAGER DIRECTOR 333924 0 165000 0 6541 0 25500 0 11937 0 542902 0 0 0 ANDRES PORTILLA DIRECTOR 260554 0 190000 0 6432 0 25500 0 14702 0 497188 0 0 0 ABDESSATAR OUANES DIRECTOR 281584 0 185000 0 0 0 25500 0 0 0 492084 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY APPOINT SUCH COMMITTEES, INCLUDING AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AS IT SHALL DEEM FIT. SUCH COMMITTEES SHALL HAVE SUCH POWERS, EXCEPT THE POWER TO AMEND THE BY-LAWS OR TO FILL VACANCIES ON THE BOARD, AS THE BOARD OF DIRECTORS MAY DETERMINE. FORM 990, PART VI, SECTION A, LINE 6 FULL MEMBERS AND ASSOCIATE MEMBERS FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERS ELECT 29 OF THE INSTITUTE'S AUTHORIZED DIRECTORS AND THE BOARD OF DIRECTORS ELECT THE REMAINING 7 DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE THE BOARD RECOMMENDED BUDGET. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM, REVIEWED BY THE SENIOR ACCOUNTING MANAGER, REVIEWED AND FINALIZED BY THE SENIOR DIRECTOR OF FINANCE, THEN REVIEWED AND SIGNED BY THE PRESIDENT AND CEO BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAVE ESTABLISHED A SEPARATE COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION OF THE ORGANIZATION CEO. THIS INCLUDES A REVIEW OF COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION OF THE ORGANIZATION'S CEO. THE PROCESS LAST TOOK PLACE IN 2013. THE PRESIDENT AND CEO REVIEWS MARKET COMPENSATION DATA FOR KEY EMPLOYEES AS PROVIDED BY THE SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION. THIS PROCESS TOOK PLACE IN 2013. 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.