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Nonprofiteer
← PACT GLOBAL MICROFINANCE FUND

Form 990 for tax year 2024

Filed by PACT GLOBAL MICROFINANCE FUND.

Totals

Total revenue
$2,178,249
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,178,249
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,563,440
Total liabilities, end of year
$4,540,968
Net assets or fund balances, end of year
$16,022,472
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FEE INCOME ON LOAN ACT

    total $2,178,249 · related or exempt $2,178,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,399,852 · end of year $4,085,048

  • 2 · Savings and temporary cash investments

    beginning of year $59,632,917 · end of year $16,478,254

  • 9 · Prepaid expenses and deferred charges

    beginning of year $251 · end of year $138

  • 17 · Accounts payable and accrued expenses

    beginning of year $588,771 · end of year $600,629

  • 24 · Unsecured notes and loans payable

    beginning of year $42,228,967 · end of year $3,940,339

  • 25 · Other liabilities

    beginning of year $365,719 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $20,849,563 · end of year $16,022,472

Mission and programs · 2024

Mission

PGMF'S MISSION WAS FOR PEOPLE WITH LIMITED LIVELIHOOD CHOICES TO GAIN THE RESOURCES NEEDED TO BE INCOME SECURE.

Activities or mission (Part I)

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.

  • 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 OPERATIONS CLOSED ON JUNE 30, 2023. IN FY25, PACT CONTINUES TO WORK WITH LENDERS TO REPAY LOANS WITHIN MYANMAR.

    Revenue $2,178,249

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ELLEN VARNEY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES DONOVAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MUSA MWENYE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARIA BARTON

    SECRETARY (THRU 11/24)

    Total calculated
    $358,350
    From this org
    $0
    From related orgs
    $299,686
    Other
    $58,664
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,486 related
    Bonus
    $0
    Other
    $0 + $3,200 related
    Deferred
    $0 + $38,920 related
    Nontaxable benefits
    $0 + $19,744 related
    Filer's total
    $0 + $358,350 related

  • DENNIS VEGA

    PRESIDENT & CEO (AS OF 8/24)

    Total calculated
    $237,229
    From this org
    $0
    From related orgs
    $230,825
    Other
    $6,404
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,712 related
    Bonus
    $0
    Other
    $0 + $113 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,404 related
    Filer's total
    $0 + $237,229 related

  • EMILY TAYLOR

    TREASURER (AS OF 11/24)

    Total calculated
    $74,745
    From this org
    $0
    From related orgs
    $73,174
    Other
    $1,571
    Hours/week
    5 + 40 related

  • CAROLINE ANSTEY

    FORMER PRES & CEO (THRU 6/24)

    Total calculated
    $279,895
    From this org
    $0
    From related orgs
    $247,461
    Other
    $32,434
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $245,556 related
    Bonus
    $0
    Other
    $0 + $1,905 related
    Deferred
    $0 + $31,922 related
    Nontaxable benefits
    $0 + $512 related
    Filer's total
    $0 + $279,895 related

  • SAMANTHA BARBEE

    FORMER TREASURER (THRU 4/24)

    Total calculated
    $139,166
    From this org
    $0
    From related orgs
    $120,499
    Other
    $18,667
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $120,015 related
    Bonus
    $0
    Other
    $0 + $484 related
    Deferred
    $0 + $15,718 related
    Nontaxable benefits
    $0 + $2,949 related
    Filer's total
    $0 + $139,166 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PACT INC

    501(C)(3) · BUILD EMPOWERED COMMUNITIES, EFFECTIVE GOV'S & RESPONSIBLE MKTS · DC

  • PACT GLOBAL (UK) CIO

    UK NGO · UK

    Directly controlled by PACT INC

  • ENGAGED COMMUNITIES CGL

    SUPPORTING SERVICES · BM

    Directly controlled by PACT INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202622249349300507

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