Indo-pacific Forum Inc

Nonprofit profile at a glance

EIN
991150338
IRS 990 coverage
2023–2023
Forms available
Form 990 2023
Location
Washington, DC, USA
Phone
2022712404
Rating confidence
Limited

Official website

Reported finances

Revenue
$500,000
Expenses
$107,549
Assets
$442,617
Liabilities
$50,166

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Highest reported compensation

  • MAMI HIDAKA (CHIEF OPERATING OFFICER): $333,334 total reported compensation
  • KENNETH WEINSTEIN (FOUNDER AND CHAIR): $120,000 total reported compensation
  • JOSEPH P SCHMELZEIS JR (TREASURER): $25,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The indo-pacific forum is an independent, non-partisan, not-for-profit organization dedicated to building an international network of business and government leaders who will advance shared economic and geopolitical interests by mitigating risks of disruption and supporting a free, open and prosperous indo-pacific.

What it reported doing in 2023

Roundtable and breakfast and dinner events the indo pacific forum organizes events around the world focused on specific topics and opportunities to advance security, resilience and prosperity in the indo-pacific region. The purpose of these gatherings is to provide a private space for key decision makers from various backgrounds and perspectives to come together to focus on actionable opportunities in areas of mutual interest. We seek to connect thought leaders and visionaries at the intersection of the private and public sectors to conceive and collaborate on new concepts, solutions and opportunities for businesses, governments and civil society in the us, japan, as well as other allies and partners. Attendees will explore relevant trends in the indo-pacific region including how geopolitics affects business decisions and how multifaceted public-private engagement strategies offer the potential for more impactful outcomes.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 70
  • Accountability: 50
  • Sustainability: 75
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 78.5%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 4.12; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 80.6%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 1 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $333K · 4 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.