Pact Institute

Nonprofit profile at a glance

EIN
522131854
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Washington, DC, USA
Phone
2024665666
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Democracy & Civil Society Development

Official website

Reported finances

Revenue
$11,207,181
Expenses
$15,789,024
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • CAROLINE ANSTEY (PRES & CEO (AS OF 03/2020))
  • CARLOS A CARAZANA (INTERIM PRESIDENT & CEO)
  • MARK VISO (PRES & CEO (THRU 07/2019))

Highest reported compensation

  • CAROLINE ANSTEY (PRES & CEO (AS OF 03/2020)): $336,457 total reported compensation
  • MARIA BARTON (GEN COUNSEL/CHIEF ETHICS/COMPL OFF.): $287,903 total reported compensation
  • SAMANTHA BARBEE (CFO): $276,567 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2020

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. Pact monitors over 2,250 artisanal and small-scale mines across the dr congo, rwanda, uganda and burundi, and myriad of local as well as international mining stakeholders. The itsci program objective is to initiate, develop and maintain a traceability and due diligence system that ensures local and international companies responsibly trade 3t minerals from africa's great lakes region in compliance with national and international laws and regulations (continued in schedule o)(section 1502 of the dodd frank act, sec rule as well as the oecd guidance). Through itsci 80,000, miners have been supporting around five million people with their activities in the mines. More than 5,500 stakeholders have been trained in 2021 on due diligence. Itsci has equally improved security and fostered peace in the region, in fact the project has drastically reduced non-state armed groups interference in mining areas. As of 2021, istci counts forty-eight multi-stakeholder committees, 257 committee meetings facilitated by itsci, 267 coaching and training sessions, and about 4,832 trained beneficiaries.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 67
  • Accountability: 91
  • Sustainability: 12
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.3%; rating input score 85
  • Program expense ratio: 60.5%; rating input score 61
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 5 of 8 controls in place; rating input score 62
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Pass
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Pass
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 67th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -40.9%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.4%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: -6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: -20.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 85.3% of revenue deployed · 60.5% of spending went to programs
  • Governance: 2 of 2 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $9.6M in reported program spending
  • Leadership: top reported pay $336K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity and executive pay
  • Filing history: 12 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Transparency & Controls: Foreign activity oversight: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.