Civic Intelligence

Pact Global Microfinance Fund

990 • Fiscal year 2014 • EIN 45-5008824

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 04, 2015

1828 L Street NW No 300Washington, DC 20036

(202) 466-5666

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.41x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

1.87x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

39th percentile

$377,123

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

93rd percentile

29%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

80th percentile

20%

Faster revenue growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Assets

$137,414,222

No earlier filing loaded for comparison.

Net Assets

$81,057,942

No earlier filing loaded for comparison.

Liabilities

$56,356,280

No earlier filing loaded for comparison.

Revenue

$30,081,895

No earlier filing loaded for comparison.

Expenses

$20,373,981

No earlier filing loaded for comparison.

Net Income

$9,707,914

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2014: $137,414,222Liabilities 2014: $56,356,280Net Assets 2014: $81,057,9422014Assets 2015: $123,432,502Liabilities 2015: $57,252,121Net Assets 2015: $66,180,3812015Assets 2016: $172,201,443Liabilities 2016: $90,219,288Net Assets 2016: $81,982,1552016Assets 2017: $191,343,909Liabilities 2017: $96,317,464Net Assets 2017: $95,026,4452017Assets 2018: $226,557,821Liabilities 2018: $124,640,301Net Assets 2018: $101,917,5202018Assets 2019: $301,077,938Liabilities 2019: $174,320,281Net Assets 2019: $126,757,6572019Assets 2020: $496,488,480Liabilities 2020: $303,562,392Net Assets 2020: $192,926,0882020Assets 2021: $330,972,074Liabilities 2021: $203,420,090Net Assets 2021: $127,551,9842021Assets 2022: $225,283,966Liabilities 2022: $126,467,214Net Assets 2022: $98,816,7522022Assets 2023: $85,027,550Liabilities 2023: $70,211,468Net Assets 2023: $14,816,0822023Assets 2024: $64,033,020Liabilities 2024: $43,183,457Net Assets 2024: $20,849,5632024

Highlighted filing

2014

Assets$137,414,222
Liabilities$56,356,280
Net Assets$81,057,942

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$100M$0-$100MRevenue 2014: $30,081,895Expenses 2014: $20,373,981Net Income 2014: $9,707,9142014Revenue 2015: $29,785,064Expenses 2015: $44,662,628Net Income 2015: -$14,877,5642015Revenue 2016: $38,760,020Expenses 2016: $27,097,515Net Income 2016: $11,662,5052016Revenue 2017: $54,363,344Expenses 2017: $30,693,724Net Income 2017: $23,669,6202017Revenue 2018: $62,873,738Expenses 2018: $42,026,415Net Income 2018: $20,847,3232018Revenue 2019: $71,980,377Expenses 2019: $48,165,286Net Income 2019: $23,815,0912019Revenue 2020: $104,170,630Expenses 2020: $61,382,070Net Income 2020: $42,788,5602020Revenue 2021: $114,675,880Expenses 2021: $106,036,308Net Income 2021: $8,639,5722021Revenue 2022: $71,903,472Expenses 2022: $100,830,596Net Income 2022: -$28,927,1242022Revenue 2023: $37,673,305Expenses 2023: $121,673,975Net Income 2023: -$84,000,6702023Revenue 2024: $6,162,274Expenses 2024: $128,793Net Income 2024: $6,033,4812024

Highlighted filing

2014

Revenue$30,081,895
Expenses$20,373,981
Net Income$9,707,914
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 4, 2015
Return Version
2013v4.0
Gross Receipts
$30,081,895
Mission and Program Overview

Mission

Using an integrated approach and local partnerships, pact global microfinance fund works to create a world where those who are poor and marginalized exercise their voice, build their own solutions and take ownership of their future. By strengthening local capacity, forging effective governance systems and transforming markets into a force for development, pact global microfinance fund makes measurable, lasting change in three main areas: health, livelihoods and natural resource management.

Using an integrated approach and local partnerships, pact global microfinance fund works to create a world where those who are poor and marginalized exercise their voice, build their own solutions and take ownership of their future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$24,229,434$16,033,479▼ $8,195,955
Land, Buildings, and Equipment, Net$769,970$1,448,198▲ $678,228
Accounts Receivable$59,149$858,038▲ $798,889
Prepaid Expenses and Deferred Charges$167,691$439,258▲ $271,567
Cash and Non-Interest-Bearing Accounts$7,994$11,175▲ $3,181
Total Assets$106,529,176$137,414,222▲ $30,885,046
Other Assets Total$81,294,938$118,624,074▲ $37,329,136
Liabilities
Other Liabilities$102,365,429$55,128,378▼ $47,237,051
Accounts Payable and Accrued Expenses$707,502$1,227,902▲ $520,400
Total Liabilities$103,072,931$56,356,280▼ $46,716,651
Net Assets / Fund Balance
Unrestricted Net Assets$3,456,245$81,057,942▲ $77,601,697
Total Net Assets Fund Balance$3,456,245$81,057,942▲ $77,601,697
Total Liabilities and Net Assets / Fund Balance$106,529,176$137,414,222▲ $30,885,046

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$887,185$496,477$1,383,662
Equipment$561,013$576,753$1,137,766
Other Assets Org$6,683,551--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leonard WilliamsVice President/treasurer
Frank SimsDirector
John KohlerDirector
Lyndon HavilandDirector
Stephen H OleskeyDirector
Mark VisoDirector/CEO
Fahmin Karim BhuiyaChief Operating Officer
William WarshauerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,480,234
Program Service Revenue
$27,601,661
Investment Income
$0
Other Revenue
$0
All Other Contributions
$22,865
Change in Net Assets
$9,707,914

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,081,895
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,785
Total Revenue per Audited Statements
$30,090,680
Total Revenue per Form 990
$30,081,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,553,040
Salaries, Compensation, and Employee Benefits$9,440,792
Grants and Similar Amounts Paid$1,380,149
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,557,732--$8,557,732
Interest$5,067,726--$5,067,726
Foreign Grants$1,380,149--$1,380,149
Fees for Services Other$175,149$1,106,260-$1,281,409
Other Employee Benefits$846,311--$846,311
Travel$726,474--$726,474
Occupancy$512,493--$512,493
Office Expenses$411,045--$411,045
Depreciation Depletion$248,243--$248,243
Conferences and Meetings$221,180--$221,180
Information Technology$103,455--$103,455
Fees for Services Accounting$44,666--$44,666
Payroll Taxes$36,749--$36,749
Advertising$29,034--$29,034
Other Expenses$5,914--$5,914
Fees for Services Legal$86--$86
Total Functional Expenses$19,267,721$1,106,260$0$20,373,981

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,382,766
Expenses per Audited Statements$20,373,981
Total Expenses per Form 990$20,373,981
Expenses Not Reported on Form 990$8,785
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
146
Employees
3,344
Spending
$18,595,456

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServiceMicrofinance Lending1463,344$17,215,307
East Asia and the PacificGrantmaking-00$1,380,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Beneficiary Savings and Reserved Funds$36,964,488
Client Loan Funds$12,931,615
Refundable Advances - Federal$2,850,521
Refundable Advances - Other$850,045
Net Returns on Loans, Reinvested Earnings$771,086
Due to Related Party$760,623
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members of governing body are selected by pact inc. Executive committee.

Form 990, Part VI, Section B, Line 11

Once pact global microfinance fund's form 990 is completed by the tax preparer, it is reviewed in detail by the controller. Once the controller is satisfied that the return is complete and accurate, it is reviewed by pgmf's cfo. Once the cfo is satisfied, the return is signed and prepared for filing. Pact global microfinance fund's 990 is provided to its board of directors prior to filing. The return is posted on a secure website for a period of time, and the board is notified of its location, as well as the password. Any comments received by board members are analyzed and considered, as appropriate, prior to submitting the return.

Form 990, Part VI, Section B, Line 12C

Each board member is required to read the conflict of interest policy and complete an acknowledgement form annually. All employees are required to sign a conflict of interest policy at hiring, and complete an annual update (review of the conflict of interest policy, and signing of a disclosure form).

Form 990, Part VI, Section C, Line 19

Pgmf's governing documents, conflict of interest policy, and financial statements are made available to members of the public upon request for the same period of disclosure as set forth in section 6104(d).

FORM 990, PART VI, LINE 15 & SCHEDULE J:

Pact global microfinance fund does not compensate anyone shown in part vii of the form 990 or schedule j, part ii. The compensation shown in these sections is paid by pact, inc, the organization's related organization. Pact global microfinance fund relies on the compensation determination methodology of pact, inc., pgmf's related organization, under an administrative services agreement. The following is the compensation methodology used by pact, inc. Pact's bylaws state that the "salary of the president and chief executive officer and the terms of his or her employment shall be fixed by the board of directors. The salaries of all other staff and the terms of their employment shall be fixed by the president and chief executive officer." ceo: pact's current ceo was hired in april 2009. In connection with the search for the ceo, the board used an executive search firm. That firm, in assisting the board, conducted a compensation survey and benchmarking activities to determine an appropriate market-based compensation for pact's ceo, taking into account organization size, complexity, and other relevant factors. The executive committee of the board ultimately set the ceo's salary, which was informed by the information provided by the search firm. The board conducts an annual evaluation of the ceo and awards merit-based increases as deemed appropriate. Other officers or key employees: the ceo is responsible for the compensation of other employees, but is directly involved only in the hiring and salary negotiations of c-level positions. In these cases, where pact is utilizing a search firm, the firm has provided market information to assist in the determination of appropriate compensation levels. For key employees beyond the c-suite, pact's svp of human resources is responsible for salary determinations. In many cases, pact's employees are paid under a federal award and the compensation is included in a proposal and is approved by the awarding agency, subject to the agency's compensation standards. In other cases, pact uses a series of annual salary surveys of peer organizations, conducted by an industry trade association, to inform salary levels. Insidengo, the trade association of international ngo organizations, conducts three annual surveys: salary and benefits survey for hq staff, us expatriate/tcn salary and allowances survey, and local national salary and benefits information survey. Pact also consults the forms 990 of similar organizations for salary information. All pact employees are evaluated on an annual basis, and merit-based increases are determined and awarded from an approved pool, administered by pact's svp of human resources.

Filing and Contact Details

Filer

EIN
45-5008824
Phone
2024665666

Signing Officer

Name
Alik Hinckson
Title
Executive Vice President and CFO
Phone
2024665666
Signed
2015-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alik Hinckson
Formed
2012
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Preparer
Yong Zhang CPA
Phone
7033366400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Asset transfer from donor ended projects 67,893,960.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant to audited the financial statements has been consistent with prior years.

Form 990, Part I, Line 6

The board of directors is comprised of volunteers.

Part I, Line 5

The number of employees noted in line 5 represents only employees who are us citizens. Pgmf has employees who are third country and local nationals working in its offices in burma, who are not subject to u.s. Wage and tax reporting requirements.

FORM 990, PART IX, LINE 11G, COLUMN (C):

Pact global microfinance fund was organized to support the charitable and educational activities of pact, inc. And to contribute to the growth of civil society, strengthen the community-focused non profit sector worldwide, and implement innovative program initiatives. Pact global microfinance fund and pact, inc. Operate in a shared services environment. As such, pact global microfinance fund reimburses pact inc. For its share of employee costs based on percentage of time devoted to pact global microfinance fund projects at cost.

Financial Statement Notes

PART X, LINE 2:

The organization is generally exempt from federal income taxes under the provisions of section 501(c) (3) of the internal revenue code. Income that is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. The organization had no significant net unrelated business income for the year ended september 30, 2014. Management evaluated the organization's tax positions and concluded that it has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of the accounting guidance for uncertainty in income taxes. Generally, the organization is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for years before 2011.

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IRS990/ActivityOrMissionDesc0USING AN INTEGRATED APPROACH AND LOCAL PARTNERSHIPS, PACT GLOBAL MICROFINANCE FUND WORKS TO CREATE A WORLD WHERE THOSE WHO ARE POOR AND MARGINALIZED EXERCISE THEIR VOICE, BUILD THEIR OWN SOLUTIONS AND TAKE OWNERSHIP OF THEIR FUTURE.
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IRS990/Desc0AN INTERNATIONAL NONPROFIT LENDER, PACT GLOBAL MICROFINANCE FUND IMPROVES THE LIVES OF POOR AND MARGINALIZED FAMILIES AROUND THE GLOBE BY PROVIDING LOANS AND TRAINING TO LAUNCH SMALL BUSINESSES, BUILD INCOME AND SAVE FOR THE FUTURE. MORE THAN 98 PERCENT OF RECIPIENTS ARE WOMEN. MOST LIVE IN RURAL AREAS WITH NO OTHER OPTIONS FOR OBTAINING CREDIT. AT THE END OF THE FISCAL YEAR, PGMF'S PORTFOLIO INCLUDED $111,938,262 IN LOANS TO 580,431 PEOPLE FOR FARMING AND OTHER INCOME-GENERATING ACTIVITIES, EDUCATION AND EMERGENCY NEEDS. LOAN RECIPIENTS ALSO RECEIVED TRAINING TO BUILD THEIR BUSINESS DEVELOPMENT SKILLS, FINANCIAL LITERACY AND RESILIENCE IN THE FACE OF ECONOMIC SHOCKS AND DISASTERS. TO ENSURE THAT PGMF IS MEETING ITS MISSION OF ALLEVIATING POVERTY AND BUILDING SUSTAINABLE LIVELIHOODS, IT SYSTEMATICALLY MONITORS AND EVALUATES ITS IMPACT THROUGHOUT THE YEAR. BY EMPOWERING WOMEN AND FAMILIES TO LIFT THEMSELVES OUT OF POVERTY, PGMF IS CREATING LASTING CHANGE AND PROMOTING SUSTAINABLE DEVELOPMENT IN THE POOREST PARTS OF THE WORLD.
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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt01864147
IRS990/GrantAmt01380149
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt030081895
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0103455
IRS990/InformationTechnologyGrp/TotalAmt0103455
IRS990/InterestGrp/ProgramServicesAmt05067726
IRS990/InterestGrp/TotalAmt05067726
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01073230
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0769970
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01448198
IRS990/LandBldgEquipCostOrOtherBssAmt02521428
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0USING AN INTEGRATED APPROACH AND LOCAL PARTNERSHIPS, PACT GLOBAL MICROFINANCE FUND WORKS TO CREATE A WORLD WHERE THOSE WHO ARE POOR AND MARGINALIZED EXERCISE THEIR VOICE, BUILD THEIR OWN SOLUTIONS AND TAKE OWNERSHIP OF THEIR FUTURE. BY STRENGTHENING LOCAL CAPACITY, FORGING EFFECTIVE GOVERNANCE SYSTEMS AND TRANSFORMING MARKETS INTO A FORCE FOR DEVELOPMENT, PACT GLOBAL MICROFINANCE FUND MAKES MEASURABLE, LASTING CHANGE IN THREE MAIN AREAS: HEALTH, LIVELIHOODS AND NATURAL RESOURCE MANAGEMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt03456245
IRS990/NetAssetsOrFundBalancesEOYAmt081057942
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0512493
IRS990/OccupancyGrp/TotalAmt0512493
IRS990/OfficeExpensesGrp/ProgramServicesAmt0411045
IRS990/OfficeExpensesGrp/TotalAmt0411045
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt081294938
IRS990/OtherAssetsTotalGrp/EOYAmt0118624074
IRS990/OtherChangesInNetAssetsAmt067893960
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0846311
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0846311
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1VEHICLE EXPENSES
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0497344
IRS990/OtherExpensesGrp/ProgramServicesAmt1403971
IRS990/OtherExpensesGrp/ProgramServicesAmt25914
IRS990/OtherExpensesGrp/TotalAmt0497344
IRS990/OtherExpensesGrp/TotalAmt1403971
IRS990/OtherExpensesGrp/TotalAmt25914
IRS990/OtherLiabilitiesGrp/BOYAmt0102365429
IRS990/OtherLiabilitiesGrp/EOYAmt055128378
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08557732
IRS990/OtherSalariesAndWagesGrp/TotalAmt08557732
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt036749
IRS990/PayrollTaxesGrp/TotalAmt036749
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0167691
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0439258
IRS990/PrincipalOfficerNm0ALIK HINCKSON
IRS990/PriorPeriodAdjustmentsAmt0-177
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0MICROFINANCE LOAN ACTI
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME ON LOAN ACT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027478576
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1123085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027478576
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1123085
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03513664
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01174240
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt07129169
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt021473198
IRS990/PYRevenuesLessExpensesAmt08483985
IRS990/PYSalariesCompEmpBnftPaidAmt08199468
IRS990/PYTotalExpensesAmt016502877
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt024986862
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt09707914
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0593222
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt027601661
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024229434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016033479
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0132702768
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10PACT
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt08785
IRS990ScheduleD/DonatedServicesUseFcltsAmt08785
IRS990ScheduleD/EquipmentGrp/BookValueAmt0561013
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0576753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01137766
IRS990ScheduleD/ExpensesNotReportedAmt08785
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt020373981
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0111938262
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12261
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26683551
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN PORTFOLIO
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE TO RELATED PARTY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0887185
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0496477
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01383662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036964488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12850521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2850045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3760623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4771086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt512931615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFICIARY SAVINGS AND RESERVED FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCES - FEDERAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REFUNDABLE ADVANCES - OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4NET RETURNS ON LOANS, REINVESTED EARNINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5CLIENT LOAN FUNDS
IRS990ScheduleD/RevenueNotReportedAmt08785
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt030081895
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2014. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01448198
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0118624074
IRS990ScheduleD/TotalExpensesPerForm990Amt020373981
IRS990ScheduleD/TotalLiabilityAmt055128378
IRS990ScheduleD/TotalRevenuePerForm990Amt030081895
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt030090680
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt020382766
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03344
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt0146
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt017215307
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt11380149
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MICROFINANCE LENDING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01380149
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0WIRE
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt03344
IRS990ScheduleF/SubtotalOfficesCnt0146
IRS990ScheduleF/SubtotalSpentAmt018595456
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0I. PURPOSE: TO SYNTHESIZE THE COMPLIANCE REQUIREMENTS FOR SUBRECIPIENT MONITORING. PROPER MONITORING SHOULD MEASURE PROGRESS TOWARD TARGETED RESULTS AND ENSURE THAT RESOURCES ARE USED ONLY FOR THE INTENDED PURPOSE. THIS POLICY IS APPLICABLE TO ALL SUBRECIPIENTS, DOMESTIC OR FOREIGN, RECEIVING FUNDS FROM PGMF. II. POLICY: PGMF, AS A PRIME RECIPIENT, IS RESPONSIBLE FOR MANAGING AND MONITORING SUBRECIPIENTS. III. PROCEDURE: THERE IS NOT A SINGLE METHOD FOR MONITORING SUBRECIPIENTS OR ONE TEMPLATE BECAUSE PROJECTS VARY BY THEIR NATURE AND REQUIREMENTS. MONITORING PLANS HAVE TO BE DEVELOPED SPECIFIC TO A GRANTS PROGRAM. A SOUND MONITORING PLAN SHOULD CAPTURE THE PROGRESS MADE TO ACCOMPLISH THE OBJECTIVES FOR WHICH THE AWARD WAS MADE. HOWEVER, THERE ARE CERTAIN COMMON ELEMENTS THAT COMPRISE GOOD MONITORING PLANS. THESE ARE: 1. PERFORMANCE REPORTS - THE TERMS AND CONDITIONS OF THE AWARD TO THE SUBRECIPIENT WILL PRESCRIBE THE FREQUENCY WITH WHICH PERFORMANCE REPORTS SHALL BE SUBMITTED. THEY WILL NOT BE REQUIRED MORE FREQUENTLY THAN QUARTERLY OR, LESS FREQUENTLY THAN ANNUALLY. THEY SHOULD GENERALLY CONTAIN: (A) A COMPARISON OF ACTUAL ACCOMPLISHMENTS WITH THE GOALS AND OBJECTIVES ESTABLISHED FOR THE PERIOD AND (B) REASONS WHY ESTABLISHED GOALS WERE NOT MET, IF THEY WERE NOT MET. REPORTS SHOULD ALSO DESCRIBE PROBLEMS, DELAYS, OR ADVERSE CONDITIONS WHICH MATERIALLY IMPAIR THE ABILITY TO MEET THE OBJECTIVES OF THE AWARD AND INCLUDE A STATEMENT OF THE ACTION TAKEN OR CONTEMPLATED, AND ANY ASSISTANCE NEEDED TO RESOLVE THE SITUATION. 2. FINANCIAL REPORTS - THE TYPE AND FREQUENCY OF REPORTING REQUIRED WILL BE ESTABLISHED IN THE AWARD. NORMALLY, THE FINANCIAL REPORT SHALL NOT BE REQUIRED MORE FREQUENTLY THAN QUARTERLY BUT SUBRECIPIENTS THAT HAVE BEEN DETERMINED TO BE "AT RISK" MAY BE REQUIRED TO SUBMIT MONTHLY FINANCIAL REPORTS. 3. SITE VISITS - TO REVIEW FINANCIAL AND PROGRAMMATIC RECORDS AND OBSERVE OPERATIONS. NEW SUBRECIPIENTS AND THOSE OTHERWISE CONSIDERED HIGHER-RISK MAY REQUIRE CLOSER MONITORING. 4. AGREED-UPON PROCEDURES ENGAGEMENTS - THESE MAY BE ARRANGED FOR CERTAIN ASPECTS OF SUBRECIPIENT ACTIVITIES AND/OR COMPLIANCE AREAS TO BE TESTED SUCH AS INTERNAL CONTROLS, USE OF USAID FUNDS FOR AUTHORIZED PURPOSES (ACTIVITIES ALLOWED OR UNALLOWED), ALLOWABLE COSTS/COST PRINCIPLES, COST SHARING, AND SPECIAL AWARD CONDITIONS. V. AUDIT OF SUBRECIPIENTS 1) U.S. NONPROFIT SUBRECIPIENTS EXPENDING $500,000 OR MORE IN FEDERAL AWARDS DURING THEIR FISCAL YEAR ARE SUBJECT TO AUDIT REQUIREMENTS IN OMB CIRCULAR A-133. 2) NON-U.S. SUBRECIPIENTS ARE SUBJECT ONLY TO MONITORING BY PACT GLOBAL MICROFINANCE FUND FOLLOWING APPLICABLE US GOVERNMENT AUDIT COMPLIANCE REQUIREMENTS, WHERE APPROPRIATE.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN A FOREIGN REGION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt03344
IRS990ScheduleF/TotalOfficeCnt0146
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt018595456
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt032500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt115000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt234100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt34872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0293353
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1233497
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2227492
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3123304
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20

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