Pssi Washington Inc

What it reported doing in 2024

China/capital markets transparency initiativepssi Washington inc. Launched its china cmti in march, 2019, an issue area that had been the subject of intensive research by pssi principals since 1998. This public policy education program reached "critical mass" internally when pssi's executive director prepared a 105-page report for the u.s. National security council entitled national security dimensions of china's corporate presence in the u.s. Capital markets. Submitted in july 2018. Pssi was the world's first NGO to pursue such a financial intelligence and warfighting initiative, focused on how u.s.-sanctioned, blacklisted and other chinese corporate "bad actors" have been funding themselves and their predations to the tune of scores of billions of dollars annually via the u.s. Debt and equity markets and private equity funds). U.s. Investor funding of the chinese communist party (ccp) and the people's liberation army (pla) has taken place over some 25 years and totaled in the trillions of dollars. A troublingly significant number of roughly 5,000 publiclytraded chinese corporate securities traded in the u.s. Capital markets are held by as many as 75-100 million unwitting american retail investors.in the period since its launch, this issue has been catapulted by pssi to the presidential level and engaged several cabinet agencies with foreign policy and national security mandates, including the departments of treasury, state, defense, commerce, odni , nsc, the national economic council and the sec. Members of congress and several congressional committees -- on a bipartisan basis -- have also taken up this new issue area and passed several pieces of legislation. In one high-profile case, pssi Washington's executive director, roger robinson, was responsible for uncovering, analyzing and publicizing the issue of u.s.-sanctioned chinese companies and other corporate "bad actors" in the process of being added to the list of investments of the federal thrift savings plan. The release of this data created widespread opposition to this planned development and ultimately led to president trump's direct intervention in 2020. Moreover, pssi Washington is also presently providing researchfindings to support a fox nation documentary series entitled underwriting the enemy, hosted by fox business anchor, maria bartiromo and now in its fourth season.

Financial Efficiency

• Mission deployment rate: 83.9%; rating input score 84
• Program expense ratio: 84%; rating input score 84
• Fundraising efficiency: $96.89 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

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: 0 of 8 controls in place; rating input score 0
  • Claims monitoring procedures: Fail
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
• Governance controls: 1 of 9 controls in place; rating input score 11
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 2.2%; rating input score 43; 43rd percentile among comparable filings
• Total-asset coverage ratio: 1.94; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 51.6%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: 9.1% per year; rating input score 100; 60th percentile among comparable filings
• Revenue growth: 11.4% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 26.9% per year; rating input score 100; 89th percentile among comparable filings