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Nonprofit · EIN 82-2586755

PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC

Tax-exempt · CAMBRIDGE, MA 02138

Financials

$3M$2.9M2023$5.3M$4M2024
Revenue Expenses · by fiscal year end
Financials of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,310,399$3,988,293$1,322,106$5,542,939$391,458$5,151,481
December 31, 2023990$3,017,976$2,887,901$130,075$4,034,257$330,339$3,703,918
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,737,835
Program service revenue
$480,358
Investment income
$83,877
Net gain from sales of assets
-$1,660
Other revenue
$8,329

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,354,507
Other salaries and wages
$640,173
Salaries, compensation and benefits (total)
$2,145,333
Professional fundraising fees
$1,406
Legal fees
$34,416
Accounting fees
$38,926
Occupancy
$143,692
Travel
$356,875
Depreciation
$7,442
Program services (functional)
$3,029,910
Management and general (functional)
$565,361
Fundraising (functional)
$393,022

Balance sheet and other

Total assets, start of year
$4,034,257
Total assets, end of year
$5,542,939
Total liabilities, end of year
$391,458
Net assets, end of year
$5,151,481
Land, buildings and equipment
$11,192
Publicly traded securities
$1,658,219
Net assets without donor restrictions
$2,184,962
Net assets with donor restrictions
$2,966,519
Gross receipts
$5,434,695
Employees
11
Volunteers
192
Year formed
2017
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
HAL S SCOTTPRESIDENT/DIRECTOR
Trustee or director, Officer
30$690,000$0
JOHN A GULLIVEREXECUTIVE DIRECTOR
Key employee
30$430,000$19,400
WHITNEY VASEYDIRECTOR OF EVENTS
Highest-paid employee
40$195,050$5,851
JONATHAN ONDREJKOEXECUTIVE DIRECTOR OF PROGRAMS
Highest-paid employee
40$161,782$10,851
CRISTINA LEONETREASURER/CFO
Officer
25$120,785$9,322
JACQUELINE MCCABESECRETARY
Officer
20$85,000$0
DON KANAKDIRECTOR
Trustee or director
0.5$0$0
SATORU MURASEDIRECTOR
Trustee or director
0.5$0$0
THIERRY PORTEDIRECTOR
Trustee or director
0.5$0$0
STEPHEN BERGERDIRECTOR
Trustee or director
0.5$0$0
JAMES FEBEODIRECTOR
Trustee or director
0.5$0$0
HEATH TARBETDIRECTOR
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
HAL S SCOTTPRESIDENT/DIRECTOR
Trustee or director, Officer
30$625,000$0
JOHN A GULLIVEREXECUTIVE DIRECTOR
Key employee
30$390,181$18,770
WHITNEY VASEYDIRECTOR OF EVENTS
Highest-paid employee
40$177,550$10,851
CRISTINA LEONETREASURER/CFO
Officer
25$97,641$8,579
JACQUELINE MCCABESECRETARY
Officer
20$77,000$0
DON KANAKDIRECTOR
Trustee or director
0.5$0$0
SATORU MURASEDIRECTOR
Trustee or director
0.5$0$0
THIERRY PORTEDIRECTOR
Trustee or director
0.5$0$0
STEPHEN BERGERDIRECTOR (APPT. 6/13/23)
Trustee or director
0.5$0$0
JAMES FEBEODIRECTOR
Trustee or director
0.5$0$0
HEATH TARBETDIRECTOR
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
134 MT AUBURN ST, CAMBRIDGE, MA 02138-5827
Principal officer (990 for 2024)
HAL S SCOTT, 134 MT AUBURN STREET, CAMBRIDGE, MA 02138
Signed the 990
HAL S SCOTT, PRESIDENT/DIRECTOR
Phone
(857) 242-6747
Return prepared by
EAG NEW ENGLAND LLC

Mission

THE PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS (PIFS) IS A 501(C)(3) ORGANIZATION THAT HOSTS INTERNATIONAL SYMPOSIA, EXECUTIVE EDUCATION PROGRAMS AND SPECIAL EVENTS THAT FOSTER DIALOGUE AND PROMOTE EDUCATION ON ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS (PIFS) IS A 501(C)(3) ORGANIZATION THAT HOSTS INTERNATIONAL SYMPOSIA, EXECUTIVE EDUCATION PROGRAMS, AND SPECIAL EVENTS THAT FOSTER DIALOGUE AND PROMOTE EDUCATION ON ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES. IN 2024, PIFS HOSTED THREE SYMPOSIA WITH EUROPE, CHINA, AND JAPAN. EACH EVENT INCLUDED APPROXIMATELY 100 SENIOR POLICYMAKERS, FINANCIAL SECTOR EXECUTIVES, AND PROMINENT ACADEMICS TO FOSTER DIALOGUE ON POLICY ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO HOSTED ELEVEN EXECUTIVE EDUCATION PROGRAMS FOR GOVERNMENT OFFICIALS FROM FOREIGN COUNTRIES, FOUR OF WHICH WERE PARTNERSHIPS WITH HARVARD LAW SCHOOL EXECUTIVE EDUCATION, TWO OF WHICH WERE PARTNERSHIPS WITH THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS (IOSCO), AND ONE WHICH WAS A PARTNERSHIP WITH THE WORLD BANK. PIFS ALSO HOSTED SPECIAL EVENTS ON DISCRETE POLICY ISSUES, INCLUDING ONE EVENT CO-HOSTED WITH THE BANK OF JAPAN, AS WELL AS A ROUNDTABLE ON THE FUTURE OF DIGITAL ASSETS.
    Expenses $3,029,910 · revenue $480,358

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-2586755
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$5,542,939
Income (IRS master file)
$5,434,695

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,310,399$3,988,293$5,542,939IRS
990December 2023$3,017,976$2,887,901$4,034,257XML
990December 2022$3,512,408$2,693,968$3,725,139IRS
990December 2021–––IRS
990July 2020–––IRS
990July 2019–––IRS
990July 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2586755).

Questions about PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC

What is the EIN of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC?
The employer identification number (EIN) of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC is 82-2586755.
Is PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC?
The 990 for the year ended December 31, 2024 names HAL S SCOTT.
Who are the officers and directors of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC?
The 990 for the year ended December 31, 2024 lists 12 people; 6 received compensation from the organization, the highest $690,000 (HAL S SCOTT, PRESIDENT/DIRECTOR).
How much revenue does PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,310,399, expenses of $3,988,293 and total assets of $5,542,939 at year end.

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