Us-india Strategic Partnership Forum Inc
Nonprofit profile at a glance
- EIN
- 822265517
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2126848601
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $7,534,775
- Expenses
- $6,596,279
- Assets
- $7,119,958
- Liabilities
- $5,634,930
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
52 people listed
Executive titles in this filing
- DR Mukesh Aghi (President & Treasurer)
Highest reported compensation
- DR Mukesh Aghi (President & Treasurer): $1,035,900 total reported compensation
- Gaurav Verma (COO): $813,189 total reported compensation
- NOLTY THERIOT (Senior VP, Policy Advocacy): $306,532 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Activities include creating a powerful strategic partnership between the U.S. & India and promoting bilateral trade. It is about business and government coming together in new ways to create meaningful opportunities for citizens.
What it reported doing in 2024
USISPF Annual West Coast Summit - Annual West Coast summit is an annual summit that brings together big industry leaders from business, government and academia to talk about US India partnership. It serves as a platform to disucss policy, innovation and strategic objectives as it relates to the US India partnership.The event took place on July 25, 2024
Operating model
- Revenue model
- Membership-supported. 87% of the money available for current operations came from membership dues.
- 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 - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 43
- Accountability: 95
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.3%; rating input score 64
- Program expense ratio: 72.3%; rating input score 72
- Fundraising efficiency: $8.93 raised per $1 spent on fundraising; rating input score 34; 34th 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.5%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 1.08; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 39.3%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 25.8% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 64.3% of revenue deployed · 72.3% of spending went to programs
- Governance: 47 of 47 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.8M in reported program spending
- Leadership: top reported pay $1M · 52 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $101K reported
- Consistency: 20 of 20 current checks pass
- Schedules: 6 filed schedules · includes foreign activity and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.