Summary
The document is an auditors report for the Inter-American Institute for Global Change Research (IAI), presenting the financial statements for the fiscal years ending June 30, 2020, and June 30, 2019. It includes an independent auditor's opinion, balance sheets, statements of operations, and detailed notes on scientific programs and core budget contributions.
Key insights
- Independent auditors concluded that the IAI's financial statements for the year ended June 30, 2020, present the institute's financial position, operations, and cash flows fairly in all material respects, following generally accepted accounting principles in the United States of America.
- The IAI's total assets increased from 1,609,410 USD on June 30, 2019, to 2,122,738 USD on June 30, 2020. Total liabilities and net assets for the same dates were 1,609,410 USD and 2,122,738 USD respectively.
- Total revenues, gains, and contributions for the IAI were 2,020,033 USD for the period ending June 30, 2020, compared to 2,598,601 USD for the period ending June 30, 2019. Total expenses for the same periods were 1,606,346 USD and 2,897,682 USD respectively.
- The change in net assets for the year ending June 30, 2020, was a positive 413,687 USD, following a decrease of 299,080 USD in the previous year.
- The IAI manages several scientific programs funded by the National Science Foundation (NSF), including the Collaborative Research Network Program III (CRN III), which had a total approved budget of 10,500,000 USD for the period from March 1, 2012, to February 28, 2017.
- The Co-funded Small Grants Program (SGP-HW) focuses on research relevant to policy makers and stakeholders regarding ecosystem services and adaptation to global change for human wellbeing.
- The Uruguayan Government provides the IAI with no-cost resources, including support staff, office space, and cleaning and common expenses, which were valued at 117,819 USD in 2020 and 125,682 USD in 2019.
- The report notes that the COVID-19 pandemic, declared by the World Health Organization on March 11, 2020, created a macroeconomic context that could affect the IAI's future financial situation, though the impact could not be reliably estimated at the time of issuance.
Cite the original document
- APA
- Inter-American Institute for Global Change Research (2021). Auditors report. https://archive.iai.int/administrador/assets/images/ckfinder/files/iai-cop-29-5c-eng%20IAI%20-%20Financial%20Statements%2030%206%202020%20%26%20Auditors%20Report.pdf
- Chicago
- Inter-American Institute for Global Change Research. Auditors report. 2021. https://archive.iai.int/administrador/assets/images/ckfinder/files/iai-cop-29-5c-eng%20IAI%20-%20Financial%20Statements%2030%206%202020%20%26%20Auditors%20Report.pdf.
- Wikipedia
- {{cite report |author=Inter-American Institute for Global Change Research |title=Auditors report |date=17 May 2021 |url=https://archive.iai.int/administrador/assets/images/ckfinder/files/iai-cop-29-5c-eng%20IAI%20-%20Financial%20Statements%2030%206%202020%20%26%20Auditors%20Report.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{interamericaninstituteforglobalchangeresearch2021auditors, author = {{Inter-American Institute for Global Change Research}}, title = {{Auditors report}}, institution = {Inter-American Institute for Global Change Research}, year = {2021}, month = may, url = {https://archive.iai.int/administrador/assets/images/ckfinder/files/iai-cop-29-5c-eng%20IAI%20-%20Financial%20Statements%2030%206%202020%20%26%20Auditors%20Report.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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