on a number of factors.
Population Services International
1120 19th Street NW
Washington , DC 20036
Ratings & Metrics
|Entity||Document Type||Tax ID|
|Population Services International||IRS Form 990||56-0942853|
|Population Services International||Audited Consolidated Financial Statements||Multiple|
Entity: Population Services International
Document Type: IRS Form 990
Tax ID: 56-0942853
Entity: Population Services International
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple
Governance & Transparency
|1||Karl W. Hofmann||President/CEO||$459,338|
|2||Kim Schwartz||Senior VP/CFO||$382,251|
|3||Elizabeth Brogaard-Allen||Regional Rep, Cote D'Ivoire||$379,418|
Name: Karl W. Hofmann
Name: Kim Schwartz
Title: Senior VP/CFO
Name: Elizabeth Brogaard-Allen
Title: Regional Rep, Cote D'Ivoire
CharityWatch's rating of Population Services International (PSI) includes "the accounts of PSI and its network members worldwide...where PSI has control in the form of majority voting interest in the Board of Directors, management of the leadership position or a majority source of funding," which are consolidated in the PSI audited financial statements for the fiscal year ended December 31, 2018, according to Note 2(b). The worldwide network member entities consolidated in the PSI audited financial statements operated in 44 countries during 2018, according to Note 2(b). All significant intercompany balances and transactions have been eliminated in the audit consolidation.
According to the Population Services International (PSI) consolidated audit of December 31, 2018 (Note 2(s), In-Kind Contributions), PSI reports receiving "donated commodities, equipment, and services" in 2018 on which it placed a total value of $32,208,722.
[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the Population Services International (PSI) consolidated audit of December 31, 2018 (Note 11, Related Party Transactions):
"PSI Europe (PSI/E) was formed in 1996 as an independently governed organization that is not consolidated in these [audited] financial statements. PSI appointed one of three founding members of PSI/E. During 2018 and 2017, PSI paid PSI/E approximately $1.1 million each year respectively in sub-award expenses. As of December 31, 2018 and 2017, PSI/E owed PSI approximately $238,000, and $288,000 in relation to advances received from PSI that were not yet spent.
"PSI has entered into certain transactions with Greenstar Social Marketing Pakistan (Guarantee) Limited (Greenstar), an organization of which PSI representatives are Board members of Greenstar and a member of Greenstar's Board is a board member on the PSI governing Board of Directors. During 2018 and 2017, PSI paid Greenstar approximately $2.3 and $1.9 million, respectively in sub-award expenses.
"Effective January 1, 2012, SFH Nigeria became an independently governed organization. In accordance with the accounting guidance on consolidation, SFH Nigeria was deconsolidated for financial reporting purposes as of the effective date. PSI representatives are Board members of SFH Nigeria and a SFH Nigeria representative is a board member on the PSI governing Board of Directors. For the years ended December 31, 2018 and 2017, PSI paid SFH Nigeria approximately $1 million and $2.8 million, respectively. Additionally, SFH Nigeria paid PSI approximately $14,000 and $400,000 for expenses due to PSI in 2018 and 2017 respectively..."
"PSI representatives are on the PS Kenya governing Board of Directors and supports [sic] PS Kenya management... Furthermore, a PS Kenya representative is a board member on the PSI governing Board of Directors. PSI paid PS Kenya approximately $4.2 and $4.8 million for the years ended December 31, 2018 and 2017, respectively. During 2018 and 2017, PS Kenya sold PSI commodities totaling, approximately $3.5 and $4.2 million, respectively, for PSI programs of which approximately $3.0 and $1.9 million, respectively, was used to fund sub-award expenses with PS Kenya."
According to the Population Services International (PSI) 2018 tax filing, PSI reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):
"Incentive Compensation Policy:
The Organization maintains an incentive compensation policy as a means of rewarding employees in their achieving individual and organizational goals."
PSI reports "Bonus & incentive compensation" payments to 15 individuals in 2018. Three individuals each received "Bonus & incentive compensation" in the amount of $30,000: Karl W. Hofmann, President & CEO; Kim Schwartz, Senior Vice President & CFO; and Michael Holscher, Senior Vice President & CSRO. Their reported total compensation in 2018 is: $459,338; $382,251; and $376,339, respectively. The other 12 reported "Bonus & incentive compensation" payments ranged from $18,750 to $900, with associated reported total compensation ranging from $379,418 to $198,711 (IRS Form 990, Schedule J, Part II).