Civic Intelligence

Pact Global Microfinance Fund

990 • Fiscal year 2016 • EIN 45-5008824

Oct 01, 2015 to Sep 30, 2016 • Filed on Jun 08, 2017

Organization ProfileWWW.PACTWORLD.ORG/COUNTRY/PACT-GLOBAL-MICR
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

68th percentile

0.52x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

2.33x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

89th percentile

30%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$420,958

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

95th percentile

40%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

30%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$172,201,443

Up $48,768,941 (+40%) from 2015

Net Assets

Up

$81,982,155

Up $15,801,774 (+24%) from 2015

Liabilities

Up

$90,219,288

Up $32,967,167 (+58%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin89th percentile

Revenue

Up

$38,760,020

Up $8,974,956 (+30%) from 2015

Expenses

Down

$27,097,515

Down $17,565,113 (-39%) from 2015

Net Income

Up

$11,662,505

Up $26,540,069 (+178%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

2016

Assets$172,201,443
Liabilities$90,219,288
Net Assets$81,982,155
Open 2016 Filing

Operations Trend

Revenue Growth90th percentile

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

2016

Revenue$38,760,020
Expenses$27,097,515
Net Income$11,662,505
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jun 8, 2017
Return Version
2015v3.0
Gross Receipts
$38,760,020
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$14,687,392$11,049,278▼ $3,638,114
Land, Buildings, and Equipment, Net$1,991,050$1,854,174▼ $136,876
Prepaid Expenses and Deferred Charges$351,180$323,979▼ $27,201
Pledges and Grants Receivable-$152,707-
Accounts Receivable$1,491,560$116,612▼ $1,374,948
Cash and Non-Interest-Bearing Accounts$474$4,959▲ $4,485
Total Assets$123,432,502$172,201,443▲ $48,768,941
Other Assets Total$104,910,846$158,699,734▲ $53,788,888
Liabilities
Other Liabilities$53,192,985$80,863,357▲ $27,670,372
Accounts Payable and Accrued Expenses$2,667,182$6,480,865▲ $3,813,683
Deferred Revenue$1,391,954$2,875,066▲ $1,483,112
Total Liabilities$57,252,121$90,219,288▲ $32,967,167
Net Assets / Fund Balance
Unrestricted Net Assets$66,180,381$81,982,155▲ $15,801,774
Total Net Assets Fund Balance$66,180,381$81,982,155▲ $15,801,774
Total Liabilities and Net Assets / Fund Balance$123,432,502$172,201,443▲ $48,768,941

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,590,075$1,255,395$2,845,470
Other Land Buildings$264,099$164,302$428,401
Other Assets Org$158,699,734--
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Steve H OleskeyBoard Chair
Mark VisoBoard Member & CEO
Frank SimsDirector
John KohlerDirector
Alik HincksonCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$6,665,511
Program Service Revenue
$32,094,509
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$11,662,505

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,760,020
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$129,713,708
Total Revenue per Audited Statements
$168,473,728
Total Revenue per Form 990
$38,760,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,001,429
Salaries, Compensation, and Employee Benefits$11,324,006
Grants and Similar Amounts Paid$772,080
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,230,824$9,266,226-$10,497,050
Interest$405,308$6,586,482-$6,991,790
Office Expenses$1,408,937$1,392,892-$2,801,829
Travel$151,909$1,006,823-$1,158,732
Other Employee Benefits$73,422$753,534-$826,956
Foreign Grants$772,080--$772,080
Occupancy$79,630$490,212-$569,842
Depreciation Depletion$33,649$389,049-$422,698
Conferences and Meetings$47,607$266,874-$314,481
Other Expenses$25,588$127,556-$153,144
Total Functional Expenses$4,228,954$22,868,561$0$27,097,515

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$150,151,356
Expenses Not Reported on Form 990$123,053,841
Expenses per Audited Statements$27,097,515
Total Expenses per Form 990$27,097,515
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
107
Employees
3,385
Spending
$10,652,441

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 Lending1073,385$5,097,019
East Asia and the PacificProgram ServicesEngaging Markets Programs00$4,770,593
East Asia and the PacificGrant Making-00$772,080
East Asia and the PacificProgram ServicesCapacity Development Programs00$12,749
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$61,574,872
Net Returns on Loans, Reinvested Earnings$10,302,747
Client Loan Funds$7,745,235
Due to Related Party$1,240,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 pact's cfo. Pact global microfinance fund's 990 is also 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

Filer Name
Pact Global Microfinance Fund
EIN
45-5008824
Phone
2024665666
Address
1828 L STREET NW NO 300, WASHINGTON, DC 20036

Signing Officer

Name
Bruce Pankey
Title
CFO
Phone
2024665666
Signed
2017-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Viso
Formed
2012
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang CPA
Phone
7033366400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized foreign exchange gain 4,139,269.”

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, 2016. 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 2013.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Pact institute revenue included in consolidated fs 24,684,090. Pact inc revenue included in consolidated fs 102,368,738. Eliminations included in consolidated fs -1,478,389. Unrealized foreign exchange gain 4,139,269.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Pact institute expenses included in consolidated fs 24,066,484. Pact inc expenses included in consolidated fs 100,465,746. Eliminations included in consolidated fs -1,478,389.”

Raw XML AppendixShowing 400 of 558 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02667182
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06480865
IRS990/AccountsReceivableGrp/BOYAmt01491560
IRS990/AccountsReceivableGrp/EOYAmt0116612
IRS990/ActivitiesConductedPrtshpInd00
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.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRUCE PANKEY CFO
IRS990/BooksInCareOfDetail/PhoneNum02024665666
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01828 L STREET NW NO 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020036
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0474
IRS990/CashNonInterestBearingGrp/EOYAmt04959
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0266874
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt047607
IRS990/ConferencesMeetingsGrp/TotalAmt0314481
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06665511
IRS990/CYGrantsAndSimilarPaidAmt0772080
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt015001429
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt032094509
IRS990/CYRevenuesLessExpensesAmt011662505
IRS990/CYSalariesCompEmpBnftPaidAmt011324006
IRS990/CYTotalExpensesAmt027097515
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt038760020
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01391954
IRS990/DeferredRevenueGrp/EOYAmt02875066
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0389049
IRS990/DepreciationDepletionGrp/ProgramServicesAmt033649
IRS990/DepreciationDepletionGrp/TotalAmt0422698
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 $104,898,903 IN LOANS TO MORE THAN 600,000 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04228954
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd01
IRS990/ForeignCountryCd0BM
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignGrantsGrp/ProgramServicesAmt0772080
IRS990/ForeignGrantsGrp/TotalAmt0772080
IRS990/ForeignOfficeInd01
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt346.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt443.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt357268
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt413451
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVE H OLESKEY
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANK SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN KOHLER
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK VISO
IRS990/Form990PartVIISectionAGrp/PersonNm4ALIK HINCKSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3363690
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4198250
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt06665511
IRS990/GrantAmt0772080
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt038760020
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt06586482
IRS990/InterestGrp/ProgramServicesAmt0405308
IRS990/InterestGrp/TotalAmt06991790
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01419697
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01991050
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01854174
IRS990/LandBldgEquipCostOrOtherBssAmt03273871
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/NetAssetsOrFundBalancesBOYAmt066180381
IRS990/NetAssetsOrFundBalancesEOYAmt081982155
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0490212
IRS990/OccupancyGrp/ProgramServicesAmt079630
IRS990/OccupancyGrp/TotalAmt0569842
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01392892
IRS990/OfficeExpensesGrp/ProgramServicesAmt01408937
IRS990/OfficeExpensesGrp/TotalAmt02801829
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0104910846
IRS990/OtherAssetsTotalGrp/EOYAmt0158699734
IRS990/OtherChangesInNetAssetsAmt04139269
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0753534
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt073422
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0826956
IRS990/OtherExpensesGrp/Desc0AFFILIATE ADMIN COST RE
IRS990/OtherExpensesGrp/Desc1PRINTING & REPRODUCTION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02588913
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1127556
IRS990/OtherExpensesGrp/ProgramServicesAmt025588
IRS990/OtherExpensesGrp/TotalAmt02588913
IRS990/OtherExpensesGrp/TotalAmt1153144
IRS990/OtherLiabilitiesGrp/BOYAmt053192985
IRS990/OtherLiabilitiesGrp/EOYAmt080863357
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09266226
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01230824
IRS990/OtherSalariesAndWagesGrp/TotalAmt010497050
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0152707
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0351180
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0323979
IRS990/PrincipalOfficerNm0MARK VISO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0MICROFINANCE LOAN ACT.
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME ON LOAN ACT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031422444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1672065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031422444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1672065
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06478205
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01204938
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt032116045
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt023306859
IRS990/PYRevenuesLessExpensesAmt0-14877564
IRS990/PYSalariesCompEmpBnftPaidAmt011341645
IRS990/PYTotalExpensesAmt044662628
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt029785064
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt011662505
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt032094509
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014687392
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011049278
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0132702768
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PACT
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/EquipmentGrp/BookValueAmt01590075
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01255395
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02845470
IRS990ScheduleD/ExpensesNotReportedAmt0123053841
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt027097515
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0158699734
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN PORTFOLIO
IRS990ScheduleD/OtherExpensesIncludedAmt0123053841
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0264099
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0164302
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0428401
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061574872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110302747
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27745235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31240503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BENEFICIARY SAVINGS AND RESERVED FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET RETURNS ON LOANS, REINVESTED EARNINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CLIENT LOAN FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt0129713708
IRS990ScheduleD/RevenueNotReportedAmt0129713708
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt038760020
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, 2016. 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 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PACT INSTITUTE REVENUE INCLUDED IN CONSOLIDATED FS 24,684,090. PACT INC REVENUE INCLUDED IN CONSOLIDATED FS 102,368,738. ELIMINATIONS INCLUDED IN CONSOLIDATED FS -1,478,389. UNREALIZED FOREIGN EXCHANGE GAIN 4,139,269.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PACT INSTITUTE EXPENSES INCLUDED IN CONSOLIDATED FS 24,066,484. PACT INC EXPENSES INCLUDED IN CONSOLIDATED FS 100,465,746. ELIMINATIONS INCLUDED IN CONSOLIDATED FS -1,478,389.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01854174
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0158699734
IRS990ScheduleD/TotalExpensesPerForm990Amt027097515
IRS990ScheduleD/TotalLiabilityAmt080863357
IRS990ScheduleD/TotalRevenuePerForm990Amt038760020
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0168473728
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0150151356
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03385
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt0107
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt05097019
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt112749
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt24770593
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3772080
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MICROFINANCE LENDING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1CAPACITY DEVELOPMENT PROGRAMS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2ENGAGING MARKETS PROGRAMS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3GRANT MAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0492298
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt16782
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2273000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MICROFINANCE LENDING
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1CAPACITY DEVELOPMENT PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2ENGAGING MARKETS PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1EAST ASIA AND THE PACIFIC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2EAST ASIA AND THE PACIFIC
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt03385
IRS990ScheduleF/SubtotalOfficesCnt0107
IRS990ScheduleF/SubtotalSpentAmt010652441
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/Total501c3OrgCnt03
IRS990ScheduleF/TotalEmployeeCnt03385
IRS990ScheduleF/TotalOfficeCnt0107
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt010652441
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/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0363000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1198000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt034918
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt022350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt113451
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$172,201,443
Liabilities
$90,219,288
Net assets
$81,982,155
Revenue
$38,760,020
Expenses
$27,097,515
Net income
$11,662,505
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.0$43.2$20.8$6.16$0.13$6.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.0$70.2$14.8$37.7$122$84.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$225$126$98.8$71.9$101$28.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$331$203$128$115$106$8.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$496$304$193$104$61.4$42.8
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$301$174$127$72.0$48.2$23.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$227$125$102$62.9$42.0$20.8
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$191$96.3$95.0$54.4$30.7$23.7
2016Detailed filing. Detailed filing data is available for this year.$172$90.2$82.0$38.8$27.1$11.7
2015Detailed filing. Detailed filing data is available for this year.$123$57.3$66.2$29.8$44.7$14.9
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$137$56.4$81.1$30.1$20.4$9.71
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $100M-$250M nonprofits