Indo-pacific Institute

Nonprofit profile at a glance

EIN
882293065
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2022712404
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$30,000
Expenses
$19,661
Assets
$15,509
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JOSEPH SCHMELZEIS JR (VICE PRESIDENT)

Highest reported compensation

  • MAMI HIDAKA (FORMER CHIEF OPERATIONS OFFICER): $378,381 total reported compensation
  • KENNETH WEINSTEIN (FOUNDER AND CHAIRMAN): $160,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The indo-pacific institute is an independent, non-partisan, and nonprofit organization based in Washington d.c., dedicated to shaping and promoting inclusive, sustainable policies and concrete initiatives for the security, resilience and prosperity of a free and open indo-pacific continued on schedule o

What it reported doing in 2024

Program description research projects - research projects are a primary activity of the indo-pacific institute. These initiatives promote strategic cooperation as well as defense and national security involving countries including the united states, japan, the eu, the uk, australia and india, and other partners with shared values and interests surrounding the indo-pacific region. The indo-pacific institute can publish the results of its research in academic and popular publications. Continued on schedule o.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 70
  • Accountability: 78
  • Sustainability: 53
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1.1%; rating input score 1
  • Program expense ratio: 1.6%; rating input score 2
  • 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: 80%; rating input score 80; 25th 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: 34.5%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 229.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -199.7% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 94.8% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 1.1% of revenue deployed · 1.6% of spending went to programs
  • Governance: 4 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $321 in reported program spending
  • Leadership: top reported pay $378K · 6 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.