INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION

Address
FIRST FLOOR 30 CANNON STREET
LONDON, FO EC4M 6XH
UK
Contact
Website: http://www.ifrs.org
Phone: +1 (207) 246-6410
Nonprofit
NTEE: Q03 - Professional Societies, Associations
EIN: 13-4164140

Mission

Our mission is to bring transparency, accountability and efficiency to financial markets around the world by developing IFRS Standards. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
 201620152014
Basic features of the organization
Year of formation2001
Subsection501(c)(3)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$3,873,094.00$3,220,392.00$3,345,759.00
Sum of reportable (W2/1099) compensation$7,137,306.00$6,972,911.00$7,162,395.00
Number of employees466
Number of people compensated >$100k535860
Number of volunteers321313297
Number of highly compensated contractors5611
Personnel
Al-Humaid, Abdulrahman
TitleTrusteeTrusteeTrustee
Name of key/compensated personAbdulrahman Al-HumaidAbdulrahman Al-HumaidAbdulrahman Al-Humaid
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$30,915.00$32,944.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Almog, Yael
TitleSecretary / Exe. DirectorSecretary/Executive DirectorSecretary / Executive Director
Name of key/compensated personYael AlmogYael AlmogYael Almog
Average hours per week working for org40.040.040.0
Reportable compensation from org$374,085.00$401,254.00$345,411.00
Other comp, non-reportable, from org and related orgs$37,409.00$40,125.00$40,574.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Arculli, Ronald
TitleTrusteeVice Chair of TrusteesTrustee
Name of key/compensated personRonald ArculliRonald ArculliRonald Arculli
Average hours per week working for org4.05.02.0
Reportable compensation from org$36,562.00$36,813.00$32,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Babatz, Gillermo
TitleTrustee  
Name of key/compensated personGillermo Babatz  
Average hours per week working for org3.0  
Reportable compensation from org$25,890.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.0  
Beller, Alan
TitleTrusteeTrustee 
Name of key/compensated personAlan BellerAlan Beller 
Average hours per week working for org3.03.0 
Reportable compensation from org$28,354.00$12,992.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Average hours per week working for related orgs0.00.0 
Bhave, Chandraskekhar
TitleTrusteeTrusteeTrustee
Name of key/compensated personChandraskekhar Bhaskar BhaveChandraskekhar Bhaskar BhaveChandraskekhar Bhaskar Bhave
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$30,572.00$32,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Boersig, Clemens
Title Trustee (until 12/31/2014)Trustee
Name of key/compensated person Clemens BoersigClemens Boersig
Average hours per week working for org 0.08.0
Reportable compensation from org $24,075.00$44,487.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Former employeeIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Brandt, Werner
TitleTrusteeTrustee 
Name of key/compensated personWerner BrandtWerner Brandt 
Average hours per week working for org3.03.0 
Reportable compensation from org$27,083.00$12,738.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Average hours per week working for related orgs0.00.0 
Chung, Duck-Koo
TitleTrustee (until 12/31/2016)TrusteeTrustee
Name of key/compensated personDuck-Koo ChungDuck-Koo ChungDuck-Koo Chung
Average hours per week working for org3.03.02.0
Reportable compensation from org$15,798.00$31,151.00$33,066.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Corti, Miranda
TitleTreasurer / Dir. of OperationsTreasurer/Dir. of OperationsTreasurer/Director- Operations
Name of key/compensated personMiranda CortiMiranda CortiMiranda Corti
Average hours per week working for org40.040.040.0
Reportable compensation from org$273,404.00$309,019.00$315,115.00
Other comp, non-reportable, from org and related orgs$27,340.00$30,902.00$31,511.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Danjou, Philip
Title Board Member 
Name of key/compensated person Philip Danjou 
Average hours per week working for org 40.0 
Reportable compensation from org $675,462.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Highly compensated employee 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Average hours per week working for related orgs 0.0 
Edelmann, Martin
TitleBoard MemberBoard MemberBoard Member
Name of key/compensated personMartin EdelmannMartin EdelmannMartin Edelmann
Average hours per week working for org40.040.040.0
Reportable compensation from org$769,903.00$757,541.00$767,046.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Evans, Scott
Title Trustee (until 12/31/2014)Trustee
Name of key/compensated person Scott EvansScott Evans
Average hours per week working for org 0.06.0
Reportable compensation from org $24,407.00$81,831.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Former employeeIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Finnegan, Patrick
Title Board MemberBoard Member
Name of key/compensated person Patrick FinneganPatrick Finnegan
Average hours per week working for org 40.040.0
Reportable compensation from org $751,019.00$802,049.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Highly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Fraser, Sheila
TitleTrusteeVice Chair of TrusteesTrustee
Name of key/compensated personSheila FraserSheila FraserSheila Fraser
Average hours per week working for org10.08.02.0
Reportable compensation from org$36,562.00$35,031.00$32,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Fujinuma, Tsuguoki
Title Trustee (until 10/31/2014)Trustee
Name of key/compensated person Tsuguoki FujinumaTsuguoki Fujinuma
Average hours per week working for org 0.07.0
Reportable compensation from org $17,197.00$44,487.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Former employeeIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Glauber, Robert
Title Trustee (until 12/31/2014)Trustee
Name of key/compensated person Robert GlauberRobert Glauber
Average hours per week working for org 0.07.0
Reportable compensation from org $24,350.00$44,639.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Former employeeIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Goldschmid, Harvey
Title Trustee (until 2/28/2015)Trustee
Name of key/compensated person Harvey GoldschmidHarvey Goldschmid
Average hours per week working for org 3.02.0
Reportable compensation from org $21,687.00$32,976.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Hoogervorst, Hans
TitleChairmanChairmanChairman
Name of key/compensated personHans HoogervorstHans HoogervorstHans Hoogervorst
Average hours per week working for org40.040.040.0
Reportable compensation from org$759,870.00$873,116.00$875,458.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Kabureck, Gary
TitleBoard Member  
Name of key/compensated personGary Kabureck  
Average hours per week working for org40.0  
Reportable compensation from org$621,274.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.0  
Kaburek, Gary
Title Board MemberBoard Member
Name of key/compensated person Gary KaburekGary Kaburek
Average hours per week working for org 40.040.0
Reportable compensation from org $693,435.00$777,264.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Highly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Liqun, Jin
Title TrusteeTrustee
Name of key/compensated person Jin LiqunJin Liqun
Average hours per week working for org 3.02.0
Reportable compensation from org $28,024.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Average hours per week working for related orgs 0.00.0
Lloyd, Suzanne
TitleVice-Chairman  
Name of key/compensated personSuzanne Lloyd  
Average hours per week working for org40.0  
Reportable compensation from org$613,070.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionOfficer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.0  
MacKintosh, Ian
TitleFormer Vice-ChairmanVice-ChairmanVice-Chairman
Name of key/compensated personIan MackintoshIan MackintoshIan Mackintosh
Average hours per week working for org40.040.040.0
Reportable compensation from org$1,016,429.00$753,830.00$804,488.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Malan, Pedro
Title  Former Trustee (31 Dec 13)
Name of key/compensated person  Pedro Malan
Average hours per week working for org  0.0
Reportable compensation from org  $19,249.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Former employee
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Average hours per week working for related orgs  0.0
McCarthy, Callum
TitleTrusteeTrusteeTrustee
Name of key/compensated personCallum McCarthyCallum McCarthyCallum McCarthy
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$30,572.00$32,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Miller, Heidi
Titleformer Trustee(until 12/31/15)TrusteeTrustee
Name of key/compensated personHeidi MillerHeidi MillerHeidi Miller
Average hours per week working for org0.03.02.0
Reportable compensation from org$16,877.00$30,915.00$33,958.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionFormer employeeIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Nkuhlu, Wiseman
TitleTrusteeTrusteeTrustee
Name of key/compensated personWiseman NkuhluWiseman NkuhluWiseman Nkuhlu
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$30,572.00$32,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Ochi, Takatsugu
TitleBoard MemberBoard MemberBoard Member
Name of key/compensated personTakatsugu OchiTakatsugu OchiTakatsugu Ochi
Average hours per week working for org40.040.040.0
Reportable compensation from org$681,140.00$766,972.00$818,520.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Okada, Joji
TitleTrusteeTrusteeTrustee
Name of key/compensated personJoji OkadaJoji OkadaJoji Okada
Average hours per week working for org4.05.02.0
Reportable compensation from org$36,562.00$35,031.00$30,207.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Onado, Marco
TitleTrusteeTrusteeTrustee
Name of key/compensated personMarco OnadoMarco OnadoMarco Onado
Average hours per week working for org4.05.04.0
Reportable compensation from org$36,562.00$41,272.00$37,759.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Prada, Michel
TitleChair of TrusteesChair of TrusteesChair of Trustees
Name of key/compensated personMichel PradaMichel PradaMichel Prada
Average hours per week working for org16.016.016.0
Reportable compensation from org$270,831.00$305,717.00$199,122.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Quigley, James
TitleTrusteeTrusteeTrustee
Name of key/compensated personJames QuigleyJames QuigleyJames Quigley
Average hours per week working for org4.07.02.0
Reportable compensation from org$35,860.00$34,133.00$32,976.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Santana, Maria
TitleTrusteeTrusteeTrustee
Name of key/compensated personMaria Helena SantanaMaria Helena SantanaMaria Helena Santana
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$30,572.00$13,730.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Sato, Takafumi
TitleTrusteeTrusteeTrustee
Name of key/compensated personTakafumi SatoTakafumi SatoTakafumi Sato
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$17,834.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Schact, Kurt
TitleTrusteeTrustee 
Name of key/compensated personKurt SchactKurt Schact 
Average hours per week working for org3.03.0 
Reportable compensation from org$29,428.00$12,977.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Average hours per week working for related orgs0.00.0 
Sluimers, Dick
TitleTrustee (until 12/31/2016)TrusteeTrustee
Name of key/compensated personDick SluimersDick SluimersDick Sluimers
Average hours per week working for org3.03.02.0
Reportable compensation from org$15,798.00$30,572.00$32,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Suh, Chungwoo
TitleBoard Member  
Name of key/compensated personChungwoo Suh  
Average hours per week working for org40.0  
Reportable compensation from org$601,515.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.0  
Tokar, Mary
TitleBoard Member Board Member
Name of key/compensated personMary Tokar Mary Tokar
Average hours per week working for org40.0 40.0
Reportable compensation from org$609,070.00 $720,989.00
Other comp, non-reportable, from org and related orgs$0.00 $0.00
PositionHighly compensated employee Highly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 $0.00
Average hours per week working for related orgs0.0 0.0
Wood, Lynn
TitleTrusteeTrusteeTrustee
Name of key/compensated personLynn WoodLynn WoodLynn Wood
Average hours per week working for org3.03.02.0
Reportable compensation from org$27,083.00$30,572.00$13,730.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Yong, Li
Title  Former Trustee (16 Dec 13)
Name of key/compensated person  Li Yong
Average hours per week working for org  0.0
Reportable compensation from org  $19,223.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Former employee
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Average hours per week working for related orgs  0.0
Zoido, Antonio
TitleTrustee (until 12/31/2016)TrusteeTrustee
Name of key/compensated personAntonio ZoidoAntonio ZoidoAntonio Zoido
Average hours per week working for org3.03.02.0
Reportable compensation from org$15,798.00$30,572.00$23,953.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.00.00.0
Purpose: mission, activities & accomplishments
Mission or significant activitiesSEE SCHEDULE O.SEE SCHEDULE O.SEE SCHEDULE O.
Program expenses (total)$30,834,393.00$32,954,644.00$36,189,302.00
Programs, including revenue & expenses
Content Services, Education and Related Activities: Publications, education and IFRS Taxonomy activities all support the objectives of the organization and the standard setting process. Some major activities are as follows: * Creation and management of content-related policies. A key challenge for the Content Services team is to balance the commercial needs and the public interest mission of the IFRS Foundation (SEE THE CONTINUATION ON SCHEDULE O.)
Program expenses$4,082,430.00$4,915,708.00 
Grants and allocations made$0.00  
Program revenue$8,313,854.00$8,874,929.00 
Program descriptionContent Services, Education and Related Activities: Publications, education and IFRS Taxonomy activities all support the objectives of the organization and the standard setting process. Some major activities are as follows: * Creation and management of content-related policies. A key challenge for the Content Services team is to balance the commercial needs and the public interest mission of the IFRS Foundation (SEE THE CONTINUATION ON SCHEDULE O.)Content Services, Education and Related Activities: Publications, education and IFRS Taxonomy activities all support the objectives of the organization and the standard setting process. Some major activities are as follows: * Creation and management of content-related policies A key challenge for the Content Services team is to manage the commercial needs and the public interest mission of the IFRS Foundation. (SEE THE CONTINUATION ON SCHEDULE O.) 
Content Services, Education and Related Activities: Publications, education and IFRS Taxonomy activities all support the objectives of the organization and the standard setting process. The activities involved include: - The production of high quality, understandable and up to date material (books and subscription services) including freely downloadable training material for the IFRS for SMEs, and the organisation of conferences and workshops about IFRS. (SEE THE CONTINUATION ON SCHEDULE O.)
Program expenses  $5,098,477.00
Program revenue  $9,065,558.00
Program description  Content Services, Education and Related Activities: Publications, education and IFRS Taxonomy activities all support the objectives of the organization and the standard setting process. The activities involved include: - The production of high quality, understandable and up to date material (books and subscription services) including freely downloadable training material for the IFRS for SMEs, and the organisation of conferences and workshops about IFRS. (SEE THE CONTINUATION ON SCHEDULE O.)
The IFRS Foundation (Foundation) is a not-for-profit, public interest organisation with oversight by a geographically and professionally diverse body of Trustees, accountable to a Monitoring Board of public capital market authorities. The organisations structure, governance and due process are designed to keep standard-setting independent from special interests while ensuring accountability to diverse groups of stakeholders. The Foundations mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. (SEE THE CONTINUATION ON SCHEDULE O.)
Program expenses$26,751,963.00$28,038,936.00 
Grants and allocations made$0.00  
Program revenue$42,317.00$55,128.00 
Program descriptionThe IFRS Foundation (Foundation) is a not-for-profit, public interest organisation with oversight by a geographically and professionally diverse body of Trustees, accountable to a Monitoring Board of public capital market authorities. The organisations structure, governance and due process are designed to keep standard-setting independent from special interests while ensuring accountability to diverse groups of stakeholders. The Foundations mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. (SEE THE CONTINUATION ON SCHEDULE O.)The IFRS Foundation (the Foundation) is a not-for-profit, public interest organisation with oversight by a geographically and professionally diverse body of Trustees, accountable to a Monitoring Board of public capital market authorities. The organisations structure, governance and due process are designed to keep standard-setting independent from special interests while ensuring accountability to diverse groups of stakeholders. The Foundations mission is to develop International Financial Reporting Standards ("IFRS Standards") that bring transparency, accountability and efficiency to financial markets around the world. (SEE THE CONTINUATION ON SCHEDULE O.) 
The IFRS Foundation is an independent, not-for profit private sector organization working in the public interest. The IASB is the independent standard-setting body of the IFRS Foundation. The IASB currently consists of up to 16 members who are drawn from a variety of backgrounds, including users, preparers, standard setters and auditors. They are selected on the basis of their professional competence and practical experience. The IASB is supported in the standard-setting process by the technical staff of the IFRS Foundation. (SEE THE CONTINUATION ON SCHEDULE O.)
Program expenses  $31,090,825.00
Program revenue  $27,509.00
Program description  The IFRS Foundation is an independent, not-for profit private sector organization working in the public interest. The IASB is the independent standard-setting body of the IFRS Foundation. The IASB currently consists of up to 16 members who are drawn from a variety of backgrounds, including users, preparers, standard setters and auditors. They are selected on the basis of their professional competence and practical experience. The IASB is supported in the standard-setting process by the technical staff of the IFRS Foundation. (SEE THE CONTINUATION ON SCHEDULE O.)
Financial data
Expense categories (totals)
Sum (total functional expenses)$34,505,887.00$36,730,884.00$40,096,810.00
Program services (total functional expenses)$30,834,393.00$32,954,644.00$36,189,302.00
Management & general (total functional expenses)$3,277,826.00$3,320,064.00$3,429,539.00
Fundraising (total functional expenses)$393,668.00$456,176.00$477,969.00
Revenue
Total revenue$41,705,005.00$42,213,562.00$47,063,826.00
Program service revenue (total)$4,823,432.00$5,490,958.00$5,809,613.00
Revenue from contributions (total)$33,296,773.00$33,090,827.00$37,687,740.00
Investment income$270,470.00$281,193.00$204,234.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$3,314,330.00$3,350,584.00$3,362,239.00
Total revenue from grants, etc., current yr$33,296,773.00$33,090,827.00$37,687,740.00
Gross receipts$41,705,005.00$42,213,562.00$47,063,826.00
Sources of contributions
Revenue from gov't grants$9,678,491.00  
Revenue from all other contributions$23,618,282.00$33,090,827.00$37,687,740.00
Other types of revenue
Royalties (total)$3,490,422.00$3,383,971.00$3,255,945.00
Miscellaneous revenue (total)-$176,092.00-$33,387.00$106,294.00
Net revenue from gaming (total)$0.00$0.00$0.00
Income from dividends, interest, and similar investments$270,470.00$281,193.00$204,234.00
Net rental income$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00
Legal fees (total)$264,005.00$357,369.00$328,652.00
Fundraising service fees (total)$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00
Investment management fees (total)$23,705.00$26,882.00$17,899.00
Accounting service fees (total)$60,829.00$64,870.00$57,811.00
Assets and liabilities
Total assets$33,390,015.00$37,755,224.00$32,502,282.00
Total assets, beginning of year$37,755,224.00$32,502,282.00$28,666,005.00
Total liabilities$5,293,444.00$8,687,887.00$6,067,147.00
Total liabilities, beginning of year$8,687,887.00$6,067,147.00$6,817,383.00
Pledges & accounts receivable, net$3,522,934.00$2,191,915.00$3,042,606.00
Loans & receivables from key persons$0.00$0.00$0.00
Net assets$28,096,571.00$29,067,337.00$26,435,135.00
Net assets, beginning of year$29,067,337.00$26,435,135.00$21,848,622.00
Other liabilities$0.00$0.00$0.00
Bond liabilities$0.00$0.00$0.00
Intangible assets$0.00$0.00$0.00
Other assets$0.00$0.00$0.00
Investments: other securities$0.00$0.00$100,665.00
Investments: publicly traded securities$14,762,611.00$16,508,515.00$13,425,357.00
Cash: non-interest bearing$12,218,617.00$15,552,434.00$7,919,249.00
Cash: non-interest bearing, beginning of year$15,552,434.00$7,919,249.00$6,689,786.00
Investments: program-related$0.00$0.00$0.00
Escrow or custodial account liability$0.00$0.00$0.00
Loans and other payables to key persons$0.00$0.00$0.00
Grants payable$0.00$0.00$0.00
Inventories for sale or use$45,266.00$208,869.00$171,697.00
Other financial variables
Revenue less expenses$7,199,118.00$5,482,678.00$6,967,016.00
Advertising (total)$77,790.00$122,035.00$100,233.00
Savings & temp cash investment$0.00$0.00$4,682,400.00
Accounts receivable, net$1,475,206.00$1,539,842.00$1,253,221.00
Prepaid expenses & deferred charges$791,868.00$1,001,951.00$974,596.00
Accounts payable & accrued expenses$3,100,412.00$4,117,380.00$4,165,035.00
Deferred revenue$2,193,032.00$4,570,507.00$1,902,112.00
Unsecured notes & loans to unrelated parties$0.00$0.00$0.00
Secured mortgages and notes payable$0.00$0.00$0.00
Total net assets or fund balances$28,096,571.00$29,067,337.00$26,435,135.00
Depreciation, depletion, amortization$308,890.00$312,695.00$342,970.00
Payment to affiliates$0.00$0.00$0.00
Governance and accountability
Number of voting members202122
Number of independent voting members202122
Financial sheets auditedTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-01
Tax year end date2016-12-312015-12-312014-12-31
Accounting methodAccrualAccrualAccrual
Metadata about the filing
E-return type990990990
Date e-filing submitted2017-10-172016-12-132015-07-21
IRS schema version2016v3.12015v2.12014v5.0
Filing identifier201702459349300000201602139349300105201521899349300967
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