2025-11-14T08:22:13-06:00 2024-12-31 992277914 EAG NEW ENGLAND LLC 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2024-01-01 822586755 PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC PROG 8572426747 134 MT AUBURN STREET CAMBRIDGE MA 02138 HAL S SCOTT PRESIDENT/DIRECTOR 8572426747 2025-11-13 1 0 EUGENE BORGONZI P01269879 6172276161 2025-11-13 2024 2025-03-06 01:10:19Z HAL S SCOTT 134 MT AUBURN STREET CAMBRIDGE MA 02138 5434695 0 X WWW.PIFSINTERNATIONAL.ORG X 2017 DE 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 AFFECTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES. 7 6 11 192 0 0 2329999 4737835 623770 480358 55601 83877 8606 8329 3017976 5310399 0 0 0 0 1760977 2145333 2250 1406 393022 1124674 1841554 2887901 3988293 130075 1322106 4034257 5542939 330339 391458 3703918 5151481 X 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. 0 0 3029910 0 480358 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. 3029910 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X CRISTINA LEONE 8572426747 134 MT AUBURN STREET CAMBRIDGE MA 02138 HAL S SCOTT PRESIDENT/DIRECTOR 30.00 X X 690000 0 0 DON KANAK DIRECTOR 0.50 X 0 0 0 SATORU MURASE DIRECTOR 0.50 X 0 0 0 THIERRY PORTE DIRECTOR 0.50 X 0 0 0 STEPHEN BERGER DIRECTOR 0.50 X 0 0 0 JAMES FEBEO DIRECTOR 0.50 X 0 0 0 HEATH TARBET DIRECTOR 0.50 X 0 0 0 JACQUELINE MCCABE SECRETARY 20.00 X 85000 0 0 CRISTINA LEONE TREASURER/CFO 25.00 X 120785 0 9322 JOHN A GULLIVER EXECUTIVE DIRECTOR 30.00 X 430000 0 19400 WHITNEY VASEY DIRECTOR OF EVENTS 40.00 X 195050 0 5851 JONATHAN ONDREJKO EXECUTIVE DIRECTOR OF PROGRAMS 40.00 X 161782 0 10851 1682617 0 45424 5 0 1 0 0 4737835 4737835 PROGRAM FEES 900099 480358 480358 480358 85537 85537 122636 124296 -1660 -1660 -1660 OTHER INCOME 900099 8329 8329 8329 5310399 488687 0 83877 1354507 848641 295101 210765 640173 469754 75313 95106 14907 9853 2768 2286 32885 16992 11951 3942 102861 67987 19101 15773 34416 34416 38926 38926 1406 1406 9882 9882 291007 260348 16898 13761 7316 2759 1807 2750 52786 43842 7426 1518 28839 15869 10754 2216 143692 92187 29930 21575 356875 310567 24384 21924 792803 784876 7927 7442 7442 11872 6732 5140 HONORARIUM 64403 64403 FEES, LICENSES & REGIST 1295 684 611 3988293 3029910 565361 393022 133443 148103 1605821 1434745 496000 1977584 375 17950 273440 292542 54944 43752 15162 11192 1503940 1658219 6076 2604 4034257 5542939 318489 385208 11850 6250 330339 391458 X 2565418 2184962 1138500 2966519 3703918 5151481 4034257 5542939 X 1322106 124207 1250 X X 0 1 X 1 0 X 320000 1261650 2971334 2329999 4737835 11620818 320000 1261650 2971334 2329999 4737835 11620818 4842513 6778305 2145 21299 30805 75563 85537 215349 1427 6305 8606 8329 24667 11860834 2143588 0.57150 0.49020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CREDIT CARD CASH BACK REWARDS - 2021 AMOUNT: $ 1,427. 2022 AMOUNT: $ 6,305. 2023 AMOUNT: $ 8,606. 2024 AMOUNT: $ 8,329. FORM 990, SCHEDULE A - PUBLIC SUPPORT SHORT YEAR THE BOARD OF DIRECTORS VOTED TO AMEND THE BYLAWS TO CHANGE THE ORGANIZATION'S YEAR END FROM JULY 31 TO DECEMBER 31 EFFECTIVE DECEMBER 31, 2020. THEREFORE THE 2020 TAX YEAR WAS A SHORT YEAR RUNNING FROM AUGUST 1, 2020 TO DECEMBER 31, 2020. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54944 43752 11192 11192 X 5424724 124207 124207 5300517 9882 9882 5310399 3977161 -1250 -1250 3978411 9882 9882 3988293 PART X, LINE 2: THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ORGANIZATION'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF PRIOR YEAR ACCOUNTS PAYABLE -1,250. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 FUNDRAISING ACTIVITIES N/A MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 1 PROGRAM SERVICES HELD AN EXECUTIVE EDUCATION PROGRAM IN REGION 173048 MIDDLE EAST AND NORTH AFRICA 0 0 FUNDRAISING ACTIVITIES N/A EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING ACTIVITIES N/A SOUTH ASIA 0 0 PROGRAM SERVICES HELD AN EMERGING MARKETS EXECUTIVE EDUCATION PROGRAM IN REGION 32593 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES CONSULTING AND TRAVEL REIMBURSEMENTS 40281 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES HONORARIA AND TRAVEL REIMBURSEMENTS 20179 0 6 0 0 0 6 266101 0 266101 1 0 0 0 0 1 PART I, LINE 3: ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR EXPENDITURES FORM 990, SCHEDULE F, PART I, LINE 3 THE ORGANIZATION RECEIVED CONTRIBUTIONS FROM FOREIGN CORPORATIONS LOCATED IN THE REGIONS OF EUROPE, MIDDLE EAST & NORTH AFRICA AND EAST ASIA & THE PACIFIC . NO EXPENDITURES WERE MADE IN THESE REGIONS IN ORDER TO OBTAIN THESE CONTRIBUTIONS. THE DONORS WERE REPORTED ON SCHEDULE B IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, SCHEDULE F, PART IV, LINE 1 THE ORGANIZATION PAID FOREIGN CORPORATIONS FOR SERVICES PROVIDED TO THE ORGANIZATION. SINCE THE ORGANIZATION DID TRANSFER PROPERTY TO A FOREIGN CORPORATION, IT CHECKED LINE 1 "YES", HOWEVER, IT DID NOT RECEIVE AN OWNERSHIP INTEREST IN THESE CORPORATIONS, SO THEREFORE, A FORM 926 IS NOT REQUIRED. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 HAL S SCOTT PRESIDENT/DIRECTOR 580000 0 110000 0 0 0 0 0 0 0 690000 0 0 0 JOHN A GULLIVER EXECUTIVE DIRECTOR 375000 0 55000 0 0 0 7275 0 12125 0 449400 0 0 0 WHITNEY VASEY DIRECTOR OF EVENTS 150000 0 10000 0 35050 0 5851 0 0 0 200901 0 0 0 JONATHAN ONDREJKO EXECUTIVE DIRECTOR OF PROGRAMS 154282 0 7500 0 0 0 4853 0 5998 0 172633 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS PROVIDED FOR HAL S. SCOTT, PRESIDENT, IN THE CASE OF LONG TRIPS WHERE PRIVACY IS NEEDED FOR WORKING ON CONFIDENTIAL DOCUMENTS, WHEN BUSINESS CLASS TICKETS ARE NOT AVAILABLE, OR A FREE UPGRADE TO FIRST CLASS IS AVAILABLE. PART I, LINE 7 ALL OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES RECEIVED A DISCRETIONARY BONUS IN 2024. THE BONUSES ARE DETERMINED BASED ON THE MARKET RATE FOR SIMILAR ROLES AT OTHER SIMILAR ORGANIZATIONS. THE BONUS WAS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 HAL S. SCOTT & JOHN A. GULLIVER - BUSINESS RELATIONSHIP HAL S. SCOTT & JACQUELINE MCCABE - BUSINESS RELATIONSHIP HAL S. SCOTT & CRISTINA LEONE - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. THE SOLE MEMBER MAY APPOINT ADDITIONAL OR SUCCESSOR MEMBERS. THE MEMBER SHALL ALSO ELECT THE DIRECTORS AND OFFICERS. THE MEMBER HAS THE POWER TO AMEND, REPEAL AND ADOPT THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL ELECT THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED THOROUGHLY BY THE CORPORATION'S OFFICERS BEFORE FILING. A COPY OF THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AT WEEKLY STATUS MEETINGS, ALL MAJOR ACTIVITIES OF THE CORPORATION ARE DISCUSSED BY THE CORPORATION'S OFFICERS WHERE ANY POTENTIAL CONFLICTS OF INTEREST CAN BE IDENTIFIED. IN ADDITION, EACH DIRECTOR AND EACH OFFICER IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT (OFFICERS AND KEY EMPLOYEES) INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS WHO WERE PROVIDED A REPORT FROM AN INDEPENDENT PROFESSIONAL COMPENSATION CONSULTANT PROVIDING, INTER ALIA, COMPARABILITY DATA, AND THE BOARD'S DELIBERATION AND DECISION WERE CONTEMPORANEOUSLY MEMORIALIZED IN THE MINUTES OF THE BOARD MEETING. THE INDEPENDENT PROFESSIONAL COMPENSATION CONSULTANT WAS HIRED TO PROVIDE 2024 COMPENSATION PLANNING INFORMATION UPDATES AS APPROPRIATE FOR THE FOLLOWING: HAL S. SCOTT JOHN GULLIVER JACQUELINE MCCABE CRISTINA LEONE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, WHICH INCLUDE ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF PRIOR YEAR ACCOUNTS PAYABLE 1,250. FORM 990, PART I, LINE 6 - VOLUNTEERS ESTIMATED BY DIRECTOR OF OPERATIONS AND DIRECTOR OF EVENTS, BASED ON SPEAKERS AND VOLUNTEERS FOR PROGRAMS AND EVENTS.