Institute for Americas Future Inc
Nonprofit profile at a glance
- EIN
- 521971942
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2022700300
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $203,014
- Expenses
- $195,821
- Assets
- $324,030
- Liabilities
- $25,297
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- ROBERT BOROSAGE (CHAIR/PRES/CO-D): $50,580 total reported compensation
- ERIC K MILLS (CFO): $42,000 total reported compensation
- ROGER HICKEY (SEC/TREAS/CO-DI): $40,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Iaf's purpose is to conduct research and publicize findings concerning citizen's attitudes about economic options confronting america. Iaf is devoted to fostering a robust and democratic debate about ideas that will shape our country's future. The institute for america's future
What it reported doing in 2024
Economy pledge: roger hickey has continued to work to build support for our solidarity agenda pledge to fight for jobs, sustainability and economic justice, which has been signed by more than 20,000 activists as well as the original 100 prominent signers. Over recent years, the national debate over rebuilding the economy after the covid-triggered economy has been influenced by the solidarity agenda pledge and it's five-point program.in recent months, hickey and other original signers have distributed articles by those signers via the solidarity agenda blog.the major principles of the solidarity agenda remain the same, with the addition of two additional principles, vi and vii: i. Invest in economic recovery, sustainable growth and green jobsii. Fight inequalityiii. A new social contractiv. Transform corporate power institute for america's future, inc. 52-1971942v. A global economic strategy for working americansvi. Guarantee the constitutional right of women to control their reproductive decisions.vii. All americans have a right to a democracy for all people - and in every part of the country.hickey and other signers have been working with groups and coalitions that have been organizing around key parts of the solidarity agenda continuing to build the debate around the remaining work that needs to be done around economic recovery, global warming, fighting inequality, an expanded social contract, needed changes to the power of corporations and a global strategy for working americans. Over many years articles written for iaf and caf have been published on our blog. But in recent years it has become harder to find those blog posts. So in late 2022 we began an effort to collect those blog posts and to make them available on our solidarity agenda website.robert borosage is writing regularly on economics and politics at the nation, and those articles are reprinted in many other places. He is also involved in regular work with key congressional leaders and leaders of progressive organizations and he serves as president of the newly-revitalized congressional progressive caucus center.
Operating model
- Revenue model
- Donor-supported. 92% 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
SUPPORTED - 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: 54
- Transparency & Controls: 92
- Accountability: 67
- Sustainability: 42
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54%; rating input score 54
- Program expense ratio: 55.5%; rating input score 55
- Fundraising efficiency: $14.41 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 19th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.5%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1.65; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 67.7%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -19.3% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -22.6% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -17.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 54% of revenue deployed · 55.5% of spending went to programs
- Governance: 5 of 7 board members independent · 5 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $109K in reported program spending
- Leadership: top reported pay $51K · 8 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.