Population Services International
- Assets
- $280.2m
- Revenue
- $358.8m
- Investments
- $0.0
- Employees
- 373
- Location
- Washington, DC
- Founding
- 03/1971
- Data as of
- 12/2022
- EIN
- 56-0942853
Organization Overview
Population Services International is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (Q38) the organization is classified as: International Environment, Population & Sustainability <i>(Draft Code - not for internal IRS use)</i>, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Population Services International employed 373 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Population Services International is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Population Services International generated $358.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $358.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Population Services International has awarded 190 individual grants totaling $146,340,576. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PSI - ACCELERATING PROGRESS TOWARDS UNIVERSAL HEALTH ACCESS
Describe the Organization's Program Activity:
PSI FOCUSES ON GLOBAL HEALTH, INCLUDING THE AREAS OF SEXUAL AND REPRODUCTIVE HEALTH, MALARIA, HIV/AIDS, WATER, SANITATION, AND HYGIENE. PSI APPROACHES CARE FROM THE CONSUMERS' PERSPECTIVE, PROVIDING LIFE-SAVING INFORMATION, PRODUCTS, AND SERVICES TO TACKLE SOME OF THE WORLD'S MOST PRESSING HEALTH PROBLEMS SO THAT PEOPLE CAN LEAD HEALTHIER, HAPPIER, AND MORE PRODUCTIVE LIVES. PSI AIMS TO MAKE UNIVERSAL HEALTH COVERAGE MORE OF A REALITY, BY IMPROVING THE MARKET FOR PRODUCTS AND SERVICES, AND BY DEVELOPING SOLUTIONS THAT ARE AFFORDABLE, CONVENIENT, AND EFFECTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl W Hofmann President And CEO | Officer | 50 | $486,938 |
Michael Holscher Chief Delivery Officer | Officer | 50 | $397,371 |
Kim Schwartz Senior Vice President & CFO | Officer | 50 | $387,367 |
Brandon Guzzone Chief Human Resources Officer | Officer | 50 | $308,428 |
Shawn Malone Project Director, South Africa | 50 | $307,995 | |
Susan Mukasa Vp, Global Operations, Africa | Officer | 50 | $257,769 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Usa Pc Audit & Tax | 12/30/22 | $774,828 |
Ananda Ventures Network Llc Consulting Services | 12/30/22 | $219,705 |
Cohnreznick Llp Consulting Services | 12/30/22 | $142,184 |
Whitten Roy Partnership Llc Consulting Services | 12/30/22 | $131,769 |
Bao Systems Llc Consulting Services | 12/30/22 | $123,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $233,903,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,791,715 |
| Noncash contributions included in lines 1a–1f | $17,828,539 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,694,950 |
| Total Program Service Revenue | $0 |
| Investment income | $853,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,142 |
| Net Gain/Loss on Asset Sales | $181,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,810,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,646,913 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $109,059,784 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,838,744 |
| Compensation of current officers, directors, key employees. | $246,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,183,378 |
| Pension plan accruals and contributions | $2,242,303 |
| Other employee benefits | $4,195,966 |
| Payroll taxes | $2,134,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $399,264 |
| Fees for services: Accounting | $1,477,748 |
| Fees for services: Lobbying | $15,995 |
| Fees for services: Fundraising | $278,495 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,576,275 |
| Advertising and promotion | $11,034,071 |
| Office expenses | $3,619,147 |
| Information technology | $2,060,013 |
| Royalties | $0 |
| Occupancy | $7,200,800 |
| Travel | $12,834,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,349,000 |
| Interest | $155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $548,525 |
| Insurance | $1,945,942 |
| All other expenses | $0 |
| Total functional expenses | $358,328,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,855,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,682,267 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,208,990 |
| Prepaid expenses and deferred charges | $4,800,389 |
| Net Land, buildings, and equipment | $46,136,533 |
| Investments—publicly traded securities | $30,892,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,631,160 |
| Total assets | $280,206,524 |
| Accounts payable and accrued expenses | $35,122,567 |
| Grants payable | $0 |
| Deferred revenue | $130,071,130 |
| Tax-exempt bond liabilities | $28,200,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,252,653 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,431,770 |
| Total liabilities | $205,078,120 |
| Net assets without donor restrictions | $62,470,435 |
| Net assets with donor restrictions | $12,657,969 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $280,206,524 |
Grants Awarded
Over the last fiscal year, Population Services International has awarded $30,646,912 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
JHPIEGO CORPORATION PURPOSE: see Part IV | $15,700,148 |
PATH PURPOSE: see Part IV | $3,556,627 |
MEDICAL CARE DEVELOPMENT INCORPORATED PURPOSE: Malaria | $2,699,367 |
MANAGEMENT SCIENCES FOR HEALTH (MSH) PURPOSE: Malaria | $1,535,785 |
FHI360 PURPOSE: Gender Based Programs | $1,481,436 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: Malaria | $985,707 |