Pact Institute

Washington, DCUnknown exempt organizationSince 1998EIN 52-2131854

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Pact Institute works to achieve strategic objectives that improve the lives of people around the world who are poor and marginalized through innovation, the exploration of new approaches and partnerships, and funding diversification. IT is a subsidiary of Pact INC., an international development organization.

61¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $2.7M a year · 18% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $500K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.2M
-39% vs prior year
Spent
$15.8M
To programs
61%
Net assets
$0
By yearFY2020–FY2021
Revenue
$11.2M
FY2021▼ -39%
Revenue by fiscal year
FY2020$18.3M
FY2021$11.2M
Expenses
$15.8M
FY2021▼ -17%
Expenses by fiscal year
FY2020$19.1M
FY2021$15.8M
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$4.6M
FY2021$0

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $9.6M Management & general 39% · $6.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Pres & CEO (as of 03/2020)
$0Pt VII · Sec A
Gen Counsel/Chief Ethics/Compl Off.
$0Pt VII · Sec A
$0Pt VII · Sec A
Interim President & CEO
$0Pt VII · Sec A
Pres & CEO (thru 07/2019)
$0Pt VII · Sec A
Exec Dir. Pact Inst. (thru 6/2020)
$0Pt VII · Sec A
See Pact Institute executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves lives of the poor and marginalized globally through innovation and partnerships.

Provided by the organization

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3 programs · $5.7M · in their own filed words · FY2020
01

The international tin supply chain initiative (itsci) pact leads field implementation and the only traceability and due diligence program for the 3t minerals (tin, tungsten, and tantalum) operating on a large-scale due diligence with standards 100% aligned with the oecd upstream due diligence guidance.

$3.4Mprogram expense
02

Multi-sectoral respons to TB/HIVPACT is the lead organization on the stepping up universal access: a multi-sectoral partnership response to TB/HIV project, focusing on vulnerable and key populations.

$1.5Mprogram expense
03

Smart power myanmar follow-onestablished by a group of founding members and pact with core funding from the rockefeller foundation, SPM is a platform based in myanmar that helps unify and scale integrated electrification efforts.

$787Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 2 funders$500K
Grants paid · 1 grant · $17K · 2019–2019
Pure EarthNY · FY2019$16,877

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Gifts and grantsLn 1h$10.9M
Fees for servicesLn 2g$235K
Other incomeLn 4–11$26K
Money outPt IX
$15.8M
Ln 25
Programscol B$9.6M
Managementcol C$6.2M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.9M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g$235K
Investment incomeLn 3$3K
Other incomeLn 4–11$26K
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$9.6M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$10.8M$0
LiabilitiesLn 26$6.2M$0
Net assetsLn 32$4.6M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$3.0M$3.0M
Pay of current officers, directors and key staffLn 5$410K$283K$127K
Other salaries and wagesLn 7$3.5M$2.6M$958K
Pension plan contributionsLn 8$88K$83K$4K
Other employee benefitsLn 9$1.2M$944K$286K
Payroll taxesLn 10$89K$89K$93
Legal feesLn 11b$19K$6K$13K
Accounting feesLn 11c$18K$15K$3K
Other fees for servicesLn 11g$733K$651K$82K
Office expensesLn 13$157K$139K$18K
Information technologyLn 14$189K$80K$109K
OccupancyLn 16$396K$241K$155K
TravelLn 17$179K$179K$388
Conferences, conventions and meetingsLn 19$1.1M$1.1M$1K
Payments to affiliatesLn 21$4.4M$4.4M
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$24K$2K$22K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$110K$89K$21K
Total functional expensesLn 25$15.8M$9.6M$6.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $11.2M$15.8M−$4.6M$0 990 PDF
FY2020 $18.3M$19.1M−$817K$4.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $11,207,181 across 7 lines filed
VIII-1e Government grants$1,762,491
VIII-1f All other contributions, gifts and grants$9,181,303
VIII-1h Total contributions, gifts and grants$10,943,794
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $235,067$235,067
VIII-3 Investment incomeExcluded from tax $2,664$2,664
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $25,656$25,656
VIII-12 Total revenueRelated to mission $235,067 · Unrelated business $0 · Excluded from tax $28,320$11,207,181
Part IX · Statement of functional expenses $15,789,024 across 19 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,003,050$3,003,050
IX-5 Pay of current officers, directors and key staffPrograms $283,047 · Management $126,817$409,864
IX-7 Other salaries and wagesPrograms $2,554,211 · Management $957,733$3,511,944
IX-8 Pension plan contributionsPrograms $83,234 · Management $4,316$87,550
IX-9 Other employee benefitsPrograms $943,781 · Management $285,568$1,229,349
IX-10 Payroll taxesPrograms $88,884 · Management $93$88,977
IX-11b Legal feesPrograms $6,064 · Management $12,652$18,716
IX-11c Accounting feesPrograms $15,464 · Management $2,595$18,059
IX-11g Other fees for servicesPrograms $650,780 · Management $82,445$733,225
IX-13 Office expensesPrograms $138,984 · Management $17,538$156,522
IX-14 Information technologyPrograms $80,202 · Management $108,914$189,116
IX-16 OccupancyPrograms $241,194 · Management $155,257$396,451
IX-17 TravelPrograms $178,839 · Management $388$179,227
IX-19 Conferences, conventions and meetingsPrograms $1,136,728 · Management $1,409$1,138,137
IX-21 Payments to affiliatesManagement $4,409,427$4,409,427
IX-22 Depreciation, depletion and amortizationManagement $24,130$24,130
IX-23 InsurancePrograms $1,745 · Management $21,785$23,530
IX-24 Other expenses (24a–d)Programs $61,904$61,904
IX-24e All other expensesPrograms $88,717 · Management $21,129$109,846
IX-25 Total functional expensesPrograms $9,556,828 · Management $6,232,196 · Fundraising $0$15,789,024
Part X · Balance sheet $0 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $26,630$0
X-2 Savings and temporary cash investmentsStart of year $9,559,966$0
X-3 Pledges and grants receivableStart of year $664,460$0
X-4 Accounts receivableStart of year $230,768$0
X-8 Inventories for sale or useStart of year $23,381$0
X-9 Prepaid expenses and deferred chargesStart of year $118,760$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $61,629$0
X-16 Total assetsStart of year $10,778,430$0
X-17 Accounts payable and accrued expensesStart of year $325,671$0
X-18 Grants payable$0
X-19 Deferred revenueStart of year $5,387,471$0
X-20 Tax-exempt bond liabilities$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilitiesStart of year $483,445$0
X-26 Total liabilitiesStart of year $6,196,587$0
X-27 Net assets without donor restrictionsStart of year $4,581,843$0
X-28 Net assets with donor restrictions$0
X-32 Total net assets or fund balancesStart of year $4,581,843$0
X-33 Total liabilities and net assetsStart of year $10,778,430$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$11,207,181
XI-2 Total expenses$15,789,024
XI-3 Revenue less expenses−$4,581,843
XI-4 Net assets at start of year$4,581,843
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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