2018-02-14T13:11:25-06:00 2017-09-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2016-10-01 132702768 PACT INC PACT 2024665666 1828 L Street NW No 300 WASHINGTON DC 20036 Bruce Pankey CFO 2024665666 2018-02-14 1 Yong Zhang CPA P01249785 7033366400 66.98.98.5 2018-02-14 12:57:56 ES P 21BC9F0CB92CCAF1C8F75DAE5A2E63B6F184FA88 3BD4D9C23E944639EC8110E737AF23A9402AD9E1 2016 2021-01-29 14:40:06Z Mark Viso 1828 L Street NW No 300 WASHINGTON DC 20036 116089454 0 X www.pactworld.org X 1971 DC PACT ENABLES SYSTEMIC SOLUTIONS THAT ALLOW THOSE WHO ARE POOR AND MARGINALIZED TO EARN A DIGNIFIED LIVING, BE HEALTHY, AND TAKE PART IN THE BENEFITS THAT NATURE PROVIDES. PACT ACCOMPLISHES THIS BY STRENGTHENING LOCAL CAPACITY, FORGING EFFECTIVE GOVERNANCE SYSTEMS, AND TRANSFORMING MARKETS INTO A FORCE FOR DEVELOPMENT. 19 18 221 18 0 0 100712571 115950384 1214914 0 205549 138530 6848 540 102139882 116089454 44429290 54562735 0 0 37063610 42262003 0 0 22168 18852649 19519120 100345549 116343858 1794333 -254404 21936544 21862622 17698820 17603437 4237724 4259185 X PACT ENABLES SYSTEMIC SOLUTIONS THAT ALLOW THOSE WHO ARE POOR AND MARGINALIZED TO EARN A DIGNIFIED LIVING, BE HEALTHY, AND TAKE PART IN THE BENEFITS THAT NATURE PROVIDES. PACT ACCOMPLISHES THIS BY STRENGTHENING LOCAL CAPACITY, FORGING EFFECTIVE GOVERNANCE SYSTEMS, AND TRANSFORMING MARKETS INTO A FORCE FOR DEVELOPMENT. 0 0 17556397 8402318 USAID Kizazi KipyaPact enables million Tanzanian orphans and vulnerable children (OVC) and young people affected by HIV and their caregivers to utilize age appropriate HIV-related and other services for improved care, health, nutrition, education, protection, livelihoods, and psycho-social wellbeing.The program provided a core service to a total of 650,796 OVC and caregivers both scale up and sustained councils. And transitioned all OVC and their caregivers in the sustained councils and developed an intensive monitoring tool to monitor the progress of the transitioned beneficiaries.To meet the HIV needs of the children in the mining communities, the project through its technical partners conducted formative research in the mining communities to identify the needs and interventions that would benefit these children with social and health services including HIV services. 14179921 4042926 Government Capacity Development Support (GCDS)The GCDS shall enhance the South African Government (SAG), specifically the Department of Social Development (DSD), in supporting Orphans and Vulnerable Children (OVC) by strengthening the DSD's response in addressing the social and structural barriers that increase the vulnerability of OVC to Human Immunodeficiency Virus (HIV), Sexually Transmitted Infections (STI) and Tuberculosis (TB) and address specific constraints hampering the health and social welfare system to achieve better outcomes for OVC and other vulnerable children (e.g. those affected by child abuse, neglect and exploitation). 11684683 6478967 Z-CHPPThe CHPP is to strengthen a range of local Zambian organizations and institutions in order to accelerate progress towards Zambia's goal of reducing new HIV infections by increasing adoption of high impact HIV services and protective behaviors among at-risk populations. Pact with its partners are implementing Zambia Community HIV Prevention Project by providing essential HIV prevention services in the expanded operational areas in 24 target districts. The project has 21 DREAMS Centers which provides services seven days per week to DREAMS AGYW and their sexual partners.. 71521078 35638524 Other Programs. 71521078 35638524 114942079 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 70 0 1 221 1 0 1 CB CG KE LT MA MI MG MZ WA NP NI RW SF OD WZ TZ TH UP VM ZI BM 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X Bruce Pankey CFO 2024665666 1828 L Street NW Ste 300 WASHINGTON DC 20036 Nancy Murphy Board Chair 5.00 1.00 X X 0 0 0 James Bernard Director 1.00 X 0 0 0 Samantha Carey Director 1.00 X 0 0 0 Mike Dahl Director 1.00 X 0 0 0 Mark Fitzgerald Chair Finance & Audit Committee 1.00 X 0 0 0 Nathalie Gabala director starting 07/17 1.00 X 0 0 0 John Grimes Chair, Asset Development Committee 1.00 X 0 0 0 Raymond Guthrie director 1.00 X 0 0 0 John Kohler director 1.00 X 0 0 0 Bernhard Liese director 1.00 X 0 0 0 Xia Liu director 1.00 X 0 0 0 Mark Minelli Chair, Governance Committee 1.00 X 0 0 0 Kevin Mitchell director 1.00 1.00 X 0 0 0 Tammy Noboa director 1.00 X 0 0 0 Steve Oleskey director 1.00 1.00 X 0 0 0 Pamela Roussos director 1.00 1.00 X 0 0 0 Frank Sims director 1.00 1.00 X 0 0 0 David Wilson director 1.00 X 0 0 0 Mark Viso Board Member and CEO 44.00 4.00 X X 377820 0 58844 Alik Hinckson CFO (until 11/2016) 42.00 2.00 X 231621 0 30726 Bruce Pankey CFO (from 03/2017) 42.00 2.00 X 0 0 0 Christian Loucq COO 42.00 2.00 X 266953 0 35039 Leslie Mitchell Country Director-Kenya 42.00 2.00 X 291761 0 37729 Richard Harrison Country Director - Myanmar 40.00 1.00 X 202580 0 31050 Matthew Tiedemann Chief of Party-Myanmar 40.00 1.00 X 287120 0 36997 Kurt McLeod Regional VP 40.00 1.00 X 243321 0 39555 Todd Malone Regional VP 40.00 1.00 X 182967 0 40414 John Whalen President, Pact Institute 2.00 60.00 X 264812 0 28902 Steven Smith Chief of Party - Ethiopia 40.00 1.00 X 271022 0 32449 Cassandra Craven Country Director- Ethiopia 40.00 1.00 X 243834 0 33558 Erica Tubbs Deputy Chief of Party- Myanmar 40.00 1.00 X 210570 0 32306 Stephanie posner Country Director-Namibia 40.00 1.00 X 174323 0 37294 Shari Stier VP - Global H/R 40.00 1.00 X 224014 0 39295 Roberto Flores Sr. Director of FP&A 40.00 1.00 X 177357 0 41052 3650075 0 555210 58 0 1 0 RSM US LLP 5155 Paysphere Circle CHICAGO IL 60674 Audit and tax services 136841 1 110937976 5012408 115950384 138530 138530 OTHER INCOME 900099 540 540 540 116089454 0 0 139070 7541466 7541466 47021269 47021269 2389528 1552874 836654 31103017 22186807 8913928 2282 1422308 887472 534836 6111573 4636004 1475027 542 1235577 179729 1055673 175 92086 40761 51325 187967 46319 141648 4180029 1739178 2427516 13335 103216 103216 4648370 3080920 1567321 129 347181 81487 265694 3047940 1765868 1282072 4586077 3241475 1344602 4079999 3758682 321317 100470 2718 97752 552342 552342 165879 165879 vehicle expenses 582616 574476 8140 ALLOCABLE MGT & GENERAL 0 16604574 -16610279 5705 affilate admin cost rec -3155052 -3155052 116343858 114942079 1379611 22168 15837 9887 6338162 7145056 6630841 6817937 1917996 1263415 5130815 3803923 1966448 1326892 3528091 3970580 1539169 1328855 21936544 21862622 7385584 9443076 3557283 1665066 2640000 1365348 4115953 5129947 17698820 17603437 X 4237724 4259185 4237724 4259185 21936544 21862622 -254404 275865 0 X X 0 1 X 1 1 1 X 144211893 108869191 98551561 100712571 115950384 568295600 144211893 108869191 98551561 100712571 115950384 568295600 568295600 38363 85523 38567 182529 138530 483512 1376653 47572 54635 6848 540 1486248 570265360 1214914 0.99650 0.99700 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2012 Amount: $ 1,376,653. 2013 Amount: $ 47,572. 2014 Amount: $ 54,635. 2015 Amount: $ 6,848. 2016 Amount: $ 540. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1487602 629129 858473 3643213 3174794 468419 1326892 advances 1192168 security deposits 136687 1328855 Deferred Rent 1669818 DUE to RELATED PARTY 3460129 5129947 X 184586533 275865 68221214 68497079 116089454 0 116089454 170942536 54598678 54598678 116343858 0 116343858 Part X, Line 2: PACT, INC. IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, PACT, INC. QUALIFies FOR CHARITABLE CONTRIBUTIONS DEDUCTION AND HAs BEEN CLASSIFIED AS an ORGANIZATION THAT is NOT a PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. PACT HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2017. MANAGEMENT EVALUATED PACT'S TAX POSITIONS AND CONCLUDED THAT PACT HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, PACT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2014. Part XI, Line 2d - Other Adjustments: pact institute revenue included in consolidated FS 23,556,460. PGMF revenue included in consolidated FS 43,738,014. Pact UK revenue included in consolidated FS 1,176,822. Eliminations -250,082. Part XII, Line 2d - Other Adjustments: pact institute expenses included in consolidated FS 22,980,656. PGMF expenses included in consolidated FS 30,693,724. Pact UK expenses included in consolidated FS 1,174,380. Eliminations -250,082. 1 East Asia and the Pacific 0 0 grant making 6255448 East Asia and the Pacific 31 577 program services Capacity Development programs 4350384 East Asia and the Pacific 0 0 program services Engaging Markets programs 463342 East Asia and the Pacific 0 0 program services Governance programs 2892549 East Asia and the Pacific 0 0 program services Health programs 2931067 East Asia and the Pacific 0 0 program services Livelihoods programs 1232026 East Asia and the Pacific 0 0 program services Natural Resource Management programs 825434 Russia and Neighboring States 0 0 grant making 751837 Russia and Neighboring States 3 42 program services Capacity Development programs 1168450 Russia and Neighboring States 0 0 program services Engaging Markets programs 8477 Russia and Neighboring States 0 0 program services Governance programs 235925 Russia and Neighboring States 0 0 program services Health programs 923126 South America 0 0 grant making 941613 South America 1 30 program services Engaging Markets programs 295501 South America 0 0 program services Governance programs 335797 South America 0 0 program services Health programs 308933 South America 0 0 program services Livelihoods programs 402957 South Asia 0 0 grant making 3059192 South Asia 5 55 program services Capacity Development programs 1197639 South Asia 0 0 program services Engaging Markets programs 299410 South Asia 0 0 program services Governance programs 898229 South Asia 0 0 program services Livelihoods programs 598819 Sub-Saharan Africa 0 0 grant making 36013179 Sub-Saharan Africa 32 646 program services Capacity Development programs 11846777 Sub-Saharan Africa 0 0 program services Governance programs 4460919 Sub-Saharan Africa 0 0 program services Health programs 19068614 Sub-Saharan Africa 0 0 program services Livelihoods programs 4354094 Sub-Saharan Africa 0 0 program services Natural Resource Management programs 1394147 31 577 41 773 72 1350 19702087 87811798 107513885 East Asia and the Pacific Capacity Development programs 2345199 wire transfer East Asia and the Pacific Engaging Markets programs 186159 wire transfer East Asia and the Pacific Governance programs 1276466 wire transfer East Asia and the Pacific Health programs 1804526 wire transfer East Asia and the Pacific Livelihoods programs 441475 wire transfer East Asia and the Pacific Natural Resource Management programs 201622 wire transfer Russia and Neighboring States Capacity Development programs 375919 wire transfer Russia and Neighboring States Governance programs 58557 wire transfer Russia and Neighboring States Health programs 315469 wire transfer South America Engaging Markets programs 207155 wire transfer South America Governance programs 235403 wire transfer South America Health programs 216571 wire transfer South America Livelihoods programs 282484 wire transfer South Asia Capacity Development programs 1223677 wire transfer South Asia Engaging Markets programs 305919 wire transfer South Asia Governance programs 917758 wire transfer South Asia Livelihoods programs 611838 wire transfer Sub-Saharan Africa Capacity Development programs 7582657 wire transfer Sub-Saharan Africa Governance programs 2528752 wire transfer Sub-Saharan Africa Health programs 20354065 wire transfer Sub-Saharan Africa Livelihoods programs 5117128 wire transfer Sub-Saharan Africa Natural Resource Management programs 430577 wire transfer 22 0 0 0 0 0 0 1 Part I, Line 2: I. 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 PACT. II. Policy: Pact, 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 following applicable US government audit compliance requirements, where appropriate. Part I, line 3: THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN A FOREIGN REGION. Schedule F, Part IV, line 6: The organization has filed Form 5713 under separate cover to the IRS. The organization is not required to file Form 990-T. 1 ChildFund International POBox 26484 RICHMOND VA 23261 540536100 501 (c) (3) 305060 Grant for Orphan and Vulnerable Children project Christian Aid 1201 5th St Ext CHARLOTTESVILLE VA 22902 520908482 501 (c) (3) 649251 Grant for Fisheries Integration and Society Habitat project Equal Access 1212 Market Street Suite 200 SAN FRANCISCO CA 94102 943402601 501 (c) (3) 655084 Grant for Partnership for Local Development project EarthRights International 1612 KStreet st NWSuite 401 WASHINGTON DC 20006 043265555 501 (c) (3) 9522 Grant for Program on Social and Environmental Safeguards Elizabeth Glaser Pediatric AIDS Foundation 1140 Connecticut Avenue NW WASHINGTON DC 20036 954191698 501 (c) (3) 196418 Grant for Children Impacted by HIV project FHI 360 359 Blackwell Street DURHAM NC 27701 237413005 501 (c) (3) 1346129 Grant for Community HIV Services project Institute for Global Environmental Strategies Reg 1600 Wilson Blvd STE 705 ARLINGTON VA 22209 541720742 501 (c) (3) 81821 Grant for Strengthening Civil Society & Independent Media project Internews Network POBox 4448 ARCATA CA 95518 943027961 501 (c) (3) 124803 Grant for Strengthening Civil Society & Independent Media project Mercy Corps 45 SW Ankeny St PORTLAND OR 97204 911148123 501 (c) (3) 655489 Grant for Peace in East Africa program Marie Stopes International (MSI) PO Box 35528 WASHINGTON DC 20033 541901882 501 (c) (3) 852165 Grant for Health and Livelihoods program Phandeeyar Foundation 340 S LEMON AVE 9595 WALNUT CA 91789 810752175 501 (c) (3) 7500 Grant for Program on Social and Environmental Safeguards Plan International USA Inc 155 Plan WayWarwick RI 02896 NORTH SMITHFIELD RI 02896 135661832 501 (c) (3) 1110394 Grant for Community HIV Prevention project Stockholm Environment Institute 11 Curtis Ave SOMERVILLE MA 02144 204659308 501 (c) (3) 45337 Grant for Program on Social and Environmental Safeguards University of Rhode Island 79 Upper College Rd KINGSTON RI 02881 056014351 501 (c) (3) 692680 Grant for Fisheries Integration and Society Habitat project University of Miami 1320 S Dixie Highway MIAMI FL 33146 590624458 501 (c) (3) 556097 Grant for Community HIV Prevention project Vermont Law School 164 Chelsea Street SOUTH ROYALTON VT 05068 073972457 501 (c) (3) 99660 Grant for Program on Social and Environmental Safeguards Wildlife Conservation Society 2300 Southern Blvd BRONX NY 10460 131740011 501 (c) (3) 154056 Grant for Program on Social and Environmental Safeguards 17 0 Part I, Line 2: I. 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 PACT. II. Policy: Pact, 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 following applicable US government audit compliance requirements, where appropriate. X 1 1 X X X 1 0 0 0 0 0 0 0 0 Mark Viso Board Member and CEO 377130 0 0 0 690 0 36927 0 21917 0 436664 0 0 0 Alik Hinckson CFO (until 11/2016) 231308 0 0 0 313 0 16621 0 14105 0 262347 0 0 0 Christian Loucq COO 263143 0 0 0 3810 0 14059 0 20980 0 301992 0 0 0 Leslie Mitchell Country Director-Kenya 269760 0 0 0 22001 0 19326 0 18403 0 329490 0 0 0 Richard Harrison Country Director - Myanmar 180764 0 0 0 21816 0 14310 0 16740 0 233630 0 0 0 Matthew Tiedemann Chief of Party-Myanmar 221054 0 0 0 66066 0 18622 0 18375 0 324117 0 0 0 Kurt McLeod Regional VP 204173 0 0 0 39148 0 24522 0 15033 0 282876 0 0 0 Todd Malone Regional VP 182480 0 0 0 487 0 22877 0 17537 0 223381 0 0 0 John Whalen President, Pact Institute 146220 0 0 0 118592 0 16645 0 12257 0 293714 0 0 0 Steven Smith Chief of Party - Ethiopia 266894 0 0 0 4128 0 13827 0 18622 0 303471 0 0 0 Cassandra Craven Country Director- Ethiopia 243456 0 0 0 378 0 15872 0 17686 0 277392 0 0 0 Erica Tubbs Deputy Chief of Party- Myanmar 210347 0 0 0 223 0 14490 0 17816 0 242876 0 0 0 Stephanie posner Country Director-Namibia 173855 0 0 0 468 0 18880 0 18414 0 211617 0 0 0 Shari Stier VP - Global H/R 223324 0 0 0 690 0 18876 0 20419 0 263309 0 0 0 Roberto Flores Sr. Director of FP&A 176067 0 0 0 1290 0 22020 0 19032 0 218409 0 0 0 Part I, Line 1a The following employees received housing allowance, which is taxable. Leslie Mitchell: $21,264 Richard Harrison: $21,816 Matthew Tiedemann: $65,364 Kurt McLeod: $38,400 Cassandra Craven: $7,840 Posner Stephanie: $7,574 Part I, Line 4a ONE EMPLOYEE WHO RECEIVED A SEVERANCE PAYMENT FROM THE ORGANIZATION, PROPERLY REPORT HIS RESPECTIVE COMPENSATION, ON FORM 990, PART VII AND SCHEDULE J, PART II. THE TERMS AND CONDITIONS OF THE AGREEMENT ARE CONFIDENTIAL AND CAN BE MADE AVAILABLE TO THE IRS UPON REQUEST. ALL AMOUNTS PAID DURING THE PERIOD COVERED BY THIS RETURN, ARE APPROPRIATELY INCLUDED IN FORM 990, PART VII, AND IN SCHEDULE J, PART II AS A PART OF REPORTABLE COMPENSATION REPORTED ON HIS RESPECTIVE FORM W-2. Form 990, Part VI, Section B, line 11b Once Pact'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's CFO. Pact'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 addressed, as appropriate, prior to submitting the return. Form 990, Part VI, Section B, line 12c All employees are required to sign a conflict of interest policy at hiring. As of April 2011, Pact also requires an annual update (review of the conflict of interest policy, and signing of a disclosure form) by all employees. Three officers (President, Secretary & Treasurer) are also employees. Pact's Board has an annual Conflict of Interest acknowledgement process - each Board member is required to read the policy and complete the acknowledgement form annually, in connection with the Board's April meeting each year. Form 990, Part VI, Section B, line 15 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. Form 990, Part VI, Section C, line 19 Pact's IRS determination letter, annual reports, and audited financial statements are available upon request, as well as on Guidestar. Most Recent forms 990 are on Pact's website. Forms 990 are available on Guidestar for the same period of disclosure as set forth in section 6104(d). Other governing documents are available upon request. FORM 990, PART XIi, LINE 2C the process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years. FORM 990, PART I, LINE 5 THE FIGURE NOTED IN ITEM 5 REPRESENTS ONLY EMPLOYEES OF PACT WHO ARE US CITIZENS. PACT HAS MANY OTHER EMPLOYEES, INCLUDING THIrD COUNTRY NATIONALS AND LOCAL NATIONALS, WORKING IN OUR OFFICES around the world, who are not subject to US wage and tax reporting requirements. Pact Institute 1828 L Street NW Ste 300 washington DC 20036 522131854 research DC 501(c)(3) Line 12a, I pact inc 1 Pact Global Microfinance Fund 1828 L Street NW Ste 300 washington DC 20036 455008824 Operate Microfinance Programs DE 501(c)(3) Line 12a, I Pact inc 1 PACT GLOBAL (UK) CIO Ravenswood Baileys Lane Westcombe Somerset UK BA4 6EN UK NGO UK Pact inc 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 PACT Institute L 1600000 cash Pact Global Microfinance Fund L 2646105 Cash PACT Institute Q 2204986 cash Pact Global Microfinance Fund Q 528039 Cash Pact UK Q 340152 cash