Population Services International

“THE ORGANIZATION'S GOVERNING BODY IS PRESENTED WITH A DRAFT OF THE FORMS 990 AND 990T PRIOR TO FILING. THE audit and compliance committee OF THE GOVERNING BODY IS ABLE TO SPEAK DIRECTLY WITH THE PREPARER TO HAVE ANY QUESTIONS OR CONCERNS ANSWERED. THE audit and compliance committee AUTHORIZES THAT THE FILINGS BE FINALIZED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE.”

“The organization requires officers, directors, and key employees to complete the form annually and the forms are reviewed for any disclosures. A decision is made to determine whether the director must abstain in voting on any matters where the conflict may be an issue.”

“The ceo consults with the board on compensation for other key employees. The organization maintains an incentive compensation policy as a means of rewarding employees in theiracheiving individual and organizational goals. Country representatives' incentive compensation is determined according to a formula which assigns monetary value to increases in certain specific measurable criteria,including but not limited to, increases in e.g., dalys or other health impact metric deemed appropriate for the year in question over the prior year; increases in active project value and unrestricted fund balances over the previous year. The ceo in consultation with the coo and regional directors, may adjust amounts indicated by formula results at his discretion.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“During 2013, PSI became aware of significant diversions of assets totaling $593,028 in different instances across eight countries. For all instances reported, PSI performed investigations to determine the extent of the issue, reported the value to any funders whose activities were impacted by the diversions, ensured that funds were returned from other sources, and identified improvements to internal controls to reduce the risk of similar occurrences. The staff involved in these instances are no longer employed by PSI. In a separate incident, PSI suffered a loss of product with a value of $453,316 due to a theft of injectables from its country's central warehouse after the local Ministry of Health warehouse encountered a fire which resulted in a loss of all other injectables within the country. No PSI staff have been implicated in this incident and it appears to have been perpetrated by third parties.”

“Measurably improve the health of people in the developing world, principally through social marketing by focusing on serious challenges like a lack of family planning, hiv and aids, barriers to maternal health, and the greatest threats to childern under five, including malaria, diarrhea, pneumonia, and malnutrition.”

“Angola, belize, benin (dahomey), botswana, burundi, cambodia, cameroon, trinidad & tobago, central african rep, kazakhstan, kyrgyzstan, tajikistan, china, costa rica, cote d ivoire, congo, dem rep, dominican republic, el salvador, ethiopia, guatemala, guinea, haiti, honduras, india, kenya, laos, lesotho, madagascar, malawi, mali, mexico, mozambique, burma, nepal, nicaragua, nigeria, pakistan, panama, papua new guinea, paraguay, russia, rwanda, somalia, south africa, sudan, swaziland, tanzania, thailand, togo, uganda, vietnam, zambia, zimbabwe”

“Commodities received include contraceptives, oral rehydration salts, insecticide treated nets for malaria prevention and safe water systems.”

“There have been no changes during the year in the process for oversight of the audit of the financial statements.”

“Foreign currency translation $422,305”