Pact Institute Inc

“Members of governing body are elected by pact inc. Executive committee.”

“Once pact institute's form 990 is completed by its 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 institute's cfo. Once the cfo is satisfied, the return is signed and prepared for filing. Pact institute'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 addressed, as appropriate.”

“At present, monitoring consists of tracking to ensure that anyone who is required to sign and return the acknowledgement does so. For board members, it is monitored annually. For employees (headquarters and expatriates), periodic file audits are conducted to ensure that acknowledgements are on file for each employee. Pact institute currently monitors key personnel proactively for conflicts of interest. Also pact institute has a whistleblower hotline in place allowing employees and other parties to report known or suspected conflicts of interest. Any report that comes into the hotline is investigated and tracked for appropriate follow-up.”

“Pact institute's irs determination letter, annual reports, and audited financial statements are available upon request, for the same period of disclosure as set forth in section 6104(d). Other governing documents are available upon request.”

“Pact institute 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 institute relies on the compensation determination methodology of pact, inc., pact institute's related organization, under a shared services arrangement. 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.”

“Pact institute no longer performs microfinance activities.”

“Other professional fees: program service expenses 673,984. Management and general expenses 1,219,970. Fundraising expenses 0. Total expenses 1,893,954.”

“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.”

“The board of directors consists of 4 volunteers, as well as two employees of pact, inc., a related organization.”

“Pact institute 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 institute and pact, inc. Operate in a shared services environment. As such, pact institute reimburses pact inc. For its share of employee costs based on percentage of time devoted to pact institute projects at cost.”