INSTITUTE OF THE AMERICAS

EIN: 953671557 501(c)(3) International Affairs

LA JOLLA, CA

Total Revenue
$1,715,836
Total Expenses
$1,869,848
Total Assets
$15,196,983
Net Assets
$15,066,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Phone
8584535560
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE OF THE AMERICAS, founded in 1981, is a community nonprofit in the International Affairs sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $15.1M represent 105 months of operating reserves.

Mission

To be a catalyst for promoting economic development and integration, emphasizing the role of the private sector, as a means to improve the economic and social well-being of the people of the Americas.

Program Service Accomplishments

Program 1
Expenses: $671,037

Environment & Climate Change (EC2) Program: IOAs EC2 program strives to catalyze climate leadership amongst the private sector and local/regional governments in the Americas to promote sustainable...

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Environment & Climate Change (EC2) Program: IOAs EC2 program strives to catalyze climate leadership amongst the private sector and local/regional governments in the Americas to promote sustainable growth, tackle climate change and minimize environmental impacts in the region with the goal of protecting its rich marine and land-based natural capital. IOA partnered with ICELI-USA and Resilient Cities Catalyst (RCC) to support the U.S. State Departments subnational initiative, Cities Forward, through the organization of a Western Hemispheric Dialogue on Climate Adaptation and Resilience held in Sao Paulo, Brazil in June 2024 attended by 12 municipalities from Latin America and the Caribbean (LAC). IOA also organized the first Binational Forum on Sustainable Maritime Transport and Ports in La Paz, Baja California Sur, Mexico in February 2024 attended by a multistakeholder group from Mexico, the U.S, other LAC countries and subject matter experts from Brazil and the European Union. In 2024, IOA organized its 2d annual Un Dia Por Los Mares event in Mexico City to promote marine protected areas in Mexico and the broader Eastern Tropical Pacific. To promote expanded science diplomacy in Latin America, IOAs Gulf of California Marine Programs Data Mares initiative also participated in the 6th International Book Fair, FILUNI, hosted by UNAM in Mexico City.

Program 2
Expenses: $541,715 Revenue: $23,462

Energy & Sustainability Program: With the climate imperative and increased importance of energy security, the Energy & Sustainability Program continues to serve as a crucial platform for...

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Energy & Sustainability Program: With the climate imperative and increased importance of energy security, the Energy & Sustainability Program continues to serve as a crucial platform for thought-leadership. At the core of our mission, we seek to foster a deeper understanding of the Western Hemispheres most critical energy and sustainability issues. In 2024, we convened our 5th annual Madrid Energy Conference; organized energy roundtable with industry leaders and government in Argentina and Brazil; and held the 33rd annual La Jolla Energy Conference in October 2024. IOA also continued to host myriad webinars and virtual discussions including periodic meetings and briefings with our Steering Committee and Non-Resident fellows. In 2024, IOA completed work on a decarbonization in Latin America that was published and continued to support energy literacy with civic leaders in Mexico through its Energy Ambassadors Program in the states of Baja California and Sonora.

Program 3
Expenses: $140,377

Economic Competitiveness Program: In 2024, the Institute of the Americas (IOA) Economic Competitiveness program advanced key initiatives to strengthen North American economic integration, with a...

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Economic Competitiveness Program: In 2024, the Institute of the Americas (IOA) Economic Competitiveness program advanced key initiatives to strengthen North American economic integration, with a focus on the San Diego-Baja California regions potential in nearshoring. In April, IOA and the Burnham Center released Seizing CaliBajas Nearshoring Opportunity: A Binational Call for Action, presenting strategies to boost U.S.-Mexico trade and supply chain security. This report, which attracted nearly 200 cross-border stakeholders, underscored the potential for increased nearshoring related investment in Baja California that could boost exports to the U.S. but also highlighted the necessary pre-conditions that would be required for this investment to occur. With support from the Burnham Foundation and California GO-Biz, IOA and the Burnham Center also hosted a forum on the generic and biosimilar manufacturing potential for the CaliBaja region where Representative Scott Peters emphasized the region's role in stabilizing essential medicine supplies. IOA, in partnership with UC San Diegos School of Global Policy & Strategy, serves as the U.S. Co-Coordinator for the North American Forum (NAF). In 2024, the NAF convened thought leaders from the U.S., Mexico, and Canada in Ottawa in late November with discussions focused on the future of North American economic integration and the United States-Mexico-Canada Agreement (USMCA) and the implications of recent elections in the U.S. and Mexico.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,067,784
Program Service Revenue $23,462
Investment Income $517,366
Other Revenue $107,224
TOTAL REVENUE $1,715,836

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $1,011,210
Fundraising Expenses $45,776
Program Expenses $1,353,129
Other Expenses $843,638
TOTAL EXPENSES $1,869,848

Year-over-Year Comparison

2024 2023 Change
Revenue $1,715,836 $2,193,407 -0.2%
Expenses $1,869,848 $2,049,734 -0.1%
Net Income $-154,012 $143,673 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
11
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$308,115
Total Directors
22
$308,115
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD KIY President & CEO 40.00
Officer Director
$243,203 $64,912 $308,115
JEREMY MARTIN VP Energy/Sustain. 40.00
$129,396 $45,522 $174,918
JORGE ROSENBLUT BOARD MEMBER 1.00
Director
$0 $0 $0
JOSE FIMBRES BOARD MEMBER 1.00
Director
$0 $0 $0
TAD SETH PARZEN BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN MARTIN BULGHERONI VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAVADE CHAUDHRI Chair 1.00
Officer Director
$0 $0 $0
DANIEL PARFAIT BOARD MEMBER 1.00
Director
$0 $0 $0
NELSON W CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
ROLANDO GONZALEZ BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD C HOJEL Board Member 1.00
Director
$0 $0 $0
MARIA SENDRA BOARD MEMBER 1.00
Director
$0 $0 $0
NELLY MOLINA BOARD MEMBER 1.00
Director
$0 $0 $0
ABRAHAM ZAMORA BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS A SHANNON BOARD MEMBER 1.00
Director
$0 $0 $0
JOSE LUIS MANZANO BOARD MEMBER 1.00
Director
$0 $0 $0
PRADEEP KHOSLA Board member 1.00
Director
$0 $0 $0
ALBERTO VOLLMER BOARD MEMBER 1.00
Director
$0 $0 $0
MARY WALSHOK Board Member 1.00
Director
$0 $0 $0
CHARLES J WORTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE FREUND BOARD MEMBER 1.00
Director
$0 $0 $0
THEODORE E GILDRED III BOARD MEMBER 1.00
Director
$0 $0 $0
MANUEL ESTRELLA BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,715,836 $1,869,848 $15,196,983 $-154,012
2023 $2,193,407 $2,049,734 $14,565,172 $143,673
2022 $1,481,384 $1,971,326 $13,955,436 $-489,942
2021 $1,262,106 $1,728,634 $15,971,524 $-466,528
2020 $1,142,703 $1,546,493 $15,049,496 $-403,790
2019 $6,211,315 $1,741,933 $14,316,688 $4,469,382
2018 $1,118,904 $1,872,286 $9,076,436 $-753,382
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