2025-08-15T15:46:19-05:00 2024-09-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2023-10-01 455008824 PACT GLOBAL MICROFINANCE FUND PACT 2024665666 1140 3RD STREET NE WASHINGTON DC 20002 EMILY TAYLOR COO 2024665666 2025-08-15 1 1 MARY TORRETTA P00847851 7038477500 2023 2025-03-06 01:10:19Z EMILY TAYLOR 1140 3RD STREET NE WASHINGTON DC 20002 6162274 0 X WWW.PACTWORLD.ORG X 2012 DE USING AN INTEGRATED APPROACH AND LOCAL PARTNERSHIPS, PACT GLOBAL MICROFINANCE FUND WORKED TO CREATE A WORLD WHERE THOSE WHO ARE POOR AND MARGINALIZED EXERCISE THEIR VOICE, BUILD THEIR OWN SOLUTIONS AND TAKE OWNERSHIP OF THEIR FUTURE. 3 3 0 3 0 0 0 0 35008793 6154655 329631 0 2334881 7619 37673305 6162274 0 0 0 0 32919909 0 0 0 0 88754066 128793 121673975 128793 -84000670 6033481 85027550 64033020 70211468 43183457 14816082 20849563 X PGMF'S MISSION WAS FOR PEOPLE WITH LIMITED LIVELIHOOD CHOICES GAIN THE RESOURCES NEEDED TO BE INCOME SECURE THROUGH MICROFINANCE LENDING. 0 0 0 0 6154655 AS A NON-PROFIT LENDER, PACT GLOBAL MICROFINANCE FUND IMPROVED THE LIVES OF POOR AND MARGINALIZED FAMILIES IN MYANMAR BY PROVIDING LOANS AND TRAINING TO LAUNCH SMALL BUSINESSES, BUILD INCOME AND SAVE FOR THE FUTURE. DUE TO GOVERNMENT OF MYANMAR RESTRICTIONS, PGMF'S MICROFINANCE OPERATIONS CLOSED ON JUNE 30, 2023. PGMF IS FINALIZING NOTES PAYABLES RE-PAYMENT WITH LENDERS, AND CONTINUES TO PAY OFF NOTES PAYABLE. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 BM 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X SARAH PADRE 2024665666 1140 3RD STREET NE WASHINGTON DC 20002 X ELLEN VARNEY BOARD CHAIR 1.00 1.00 X 0 0 0 JAMES DONOVAN BOARD MEMBER 1.00 1.00 X 0 0 0 MUSA MWENYE BOARD MEMBER 1.00 1.00 X 0 0 0 CAROLINE ANSTEY PRES & CEO (THRU 6/24) 5.00 40.00 X 0 467310 39061 SAMANTHA BARBEE TREASURER (THRU 4/24) 5.00 40.00 X 0 277714 45725 MARIA BARTON SECRETARY 5.00 40.00 X 0 280373 42657 DEPUTY DIRECTOR PGMF (THRU 6/23) 0.00 0.00 X 698958 0 0 COO PGMF (THRU 6/23) 0.00 0.00 X 1161567 0 0 FINANCE DIRECTOR PGMF (THRU 6/23) 0.00 0.00 X 568562 0 0 2429087 1025397 127443 3 1 1 0 0 FEE INCOME ON LOAN ACT 522100 5444906 5444906 FORGIVEN INTEREST 522100 709749 709749 6154655 OTHER REVENUE 900099 7619 7619 7619 6162274 6154655 0 7619 X 52500 52500 23452 23452 29463 29463 665 665 10818 10818 5508 5508 GOVERNMENT TAXES 5031 5031 FOREIGN EX. REAL. LOSS 723 723 IMPAIRMENT LOSS 633 633 128793 0 128793 0 5055694 4399852 79858949 59632917 58163 0 54744 251 85027550 64033020 682047 588771 42846141 42228967 26683280 365719 70211468 43183457 X 14816082 20849563 14816082 20849563 85027550 64033020 6033481 0 X 0 1 X 1 0 X X X 1 PACT INC 132702768 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 OTHER LIABILITIES 365719 365719 X PART X, LINE 2: THE ORGANIZATION GENERATES CONSOLIDATED FINANCIAL STATEMENTS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 PROGRAM SERVICES MICROFINANCE LENDING 1843028 0 1 0 0 0 1 1843028 0 1843028 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN A FOREIGN REGION. X 1 0 0 0 0 0 0 0 0 1 0 COO PGMF (THRU 6/23) 160832 0 1000735 0 0 0 0 0 0 0 1161567 0 0 0 DEPUTY DIRECTOR PGMF (THRU 6/23) 95677 0 603281 0 0 0 0 0 0 0 698958 0 0 0 FINANCE DIRECTOR PGMF (THRU 6/23) 78701 0 489861 0 0 0 0 0 0 0 568562 0 0 0 CAROLINE ANSTEY PRES & CEO (THRU 6/24) 0 463500 0 0 0 3810 0 37222 0 1839 0 506371 0 0 SAMANTHA BARBEE TREASURER (THRU 4/24) 0 276424 0 0 0 1290 0 36097 0 9628 0 323439 0 0 MARIA BARTON SECRETARY 0 277025 0 0 0 3348 0 21897 0 20760 0 323030 0 0 PART I, LINE 1: PGMF MAY HAVE PROVIDED A HOUSING ALLOWANCE TO ENSURE EXPATRIATE STAFF HAD ACCESS TO MODEST HOUSING IN A SAFE ENVIRONMENT. THIS ALLOWANCE INCLUDED UTILITIES SUCH AS HEAT, ELECTRICITY, FUEL/GAS, AND WATER; MANDATORY TAXES, INSURANCE, AND FEES; AND OTHER ALLOWABLE AND APPROVE EXPENSES SUCH AS GENERATORS AND AIR CONDITIONERS. PGMF USED THE U.S. DEPARTMENT OF STATE STANDARD REGULATIONS TO DETERMINE REASONABLENESS FOR PURPOSES OF DETERMINING A BASELINE HOUSING ALLOWANCE FOR EACH COUNTRY IN WHICH QUALIFIED STAFF IS WORKING. PART I, LINE 3: COMPENSATION FOR THE CEO THAT WAS ESTABLISHED AND PAID BY PACT, INC. USED THE FOLLOWING TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: 1) COMPENSATION COMMITTEE; 2)COMPENSATION SURVEY OR STUDY; AND 3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 7: IN 2023, PGMF FORMER EMPLOYEES WERE PAID NONFIXED RETENTION BONUSES. PGMF WAS A MICROFINANCE BUSINESS AND, AS SUCH, FOLLOWED THE STANDARDS OF THE MICROFINANCE INDUSTRY FOR SALARIES AND RETENTION PAYMENTS. PGMF OPERATIONS BEGAN TO WIND DOWN IN JANUARY 2023. THE RETENTION PAYMENTS WERE REQUIRED TO RETAIN PGMF SENIOR MANAGEMENT THROUGH THE CLOSE OUT OF OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF GOVERNING BODY ARE SELECTED BY PACT INC. EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B ONCE PACT GLOBAL MICROFINANCE FUND'S FORM 990 IS COMPLETED BY THE TAX PREPARER, IT IS REVIEWED IN DETAIL BY THE CHIEF OPERATING OFFICER (COO) OF PACT INC., A RELATED ORGANIZATION, AS PGMF IS NO LONGER IN OPERATION. ONCE THE COO IS SATISFIED THAT THE RETURN IS COMPLETE AND ACCURATE, IT IS REVIEWED BY PGMF'S TREASURER. PGMF'S IRS FORM 990 IS SHARED WITH THE FINANCE AND AUDIT COMMITTEE IN DRAFT FORM AND IS ALSO PROVIDED TO ITS BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, OFFICER AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY UPON JOINING PGMF. IT IS THE DUTY OF PGMF DIRECTORS, OFFICERS, AND EMPLOYEES TO UPDATE AND RAISE ANY POTENTIAL CONFLICTS OF INTEREST DURING THEIR TENURE AT PGMF. PGMF DIRECTORS AND SENIOR MANAGEMENT MUST RAISE POTENTIAL CONFLICTS AND SUBMIT THEIR PGMF CONFLICT OF INTEREST DISCLOSURE FORM TO THE PACT GENERAL COUNSEL AND/OR BOARD SECRETARY, WHO THEN REVIEW TO DETERMINE IF A CONFLICT EXISTS. PGMF CEASED OPERATIONS IN FY23; THEREFORE, PGMF NO LONGER HAS EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 PACT GLOBAL MICROFINANCE FUND NO LONGER HAS EMPLOYEES. THE LAST EMPLOYEES LEFT IN FY23 WHEN THE ORGANIZATION CEASED OPERATIONS. THE EMPLOYEES WITH COMPENSATION FROM THE ORGANIZATION AS NOTED WITHIN PART VII AND SCHEDULE J REPRESENT 2023 SALARIES AND RETENTION BONUSES. PGMF WAS A MICROFINANCE BUSINESS AND, AS SUCH, FOLLOWED THE STANDARDS OF THE MICROFINANCE INDUSTRY FOR SALARIES AND RETENTION PAYMENTS. PGMF OPERATIONS BEGAN TO WIND DOWN IN JANUARY 2023. THE RETENTION PAYMENTS WERE REQUIRED TO RETAIN PGMF SENIOR MANAGEMENT THROUGH THE CLOSE OUT OF OPERATIONS. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC PGMF'S IRS DETERMINATION LETTER IS AVAILABLE UPON REQUEST. PGMF'S ANNUAL REPORTS, AUDITED FINANCIAL STATEMENTS AND 990S ARE AVAILABLE UPON REQUEST, AS WELL AS ON PACT'S WEBSITE. FORM 990, PART VII AND SCHEDULE J THE NAMES OF THE INDIVIDUALS WHO RECEIVED RETENTION PAYMENTS ARE NOT INCLUDED HERE DUE TO SAFETY AND SECURITY CONCERNS IN MYANMAR. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,463. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,463. FORM 990, HEADER, SECTION J: WWW.PACTWORLD.ORG PACT INC 1140 3RD STREET NE WASHINGTON DC 20002 132702768 BUILD EMPOWERED COMMUNITIES, EFFECTIVE GOV'S & RESPONSIBLE MKTS DC 501(C)(3) LINE 7 N/A 0 PACT GLOBAL (UK) CIO MERLIN PLACE MILTON ROAD CAMBRIDGE UK CB4 0DP UK NGO UK PACT INC 0 ENGAGED COMMUNITIES CGL KABAR AYE PAGODA RD MYANMAR CNT T BAHAN TOWNSHIP YANGON REGION BM SUPPORTING SERVICES BM PACT INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0