Overview
What is International Monetary Fund Staff Association Committee?
The International Monetary Fund Staff Association Committee (SAC) is a nonprofit organization primarily dedicated to representing the interests of IMF staff members in relation to the organization's management and the Executive Board. Its areas of focus include compensation, human resources reforms, pension and benefits reforms, strengthening the dispute resolution system, and providing legal assistance through the SAC Legal Assistance Fund. The SAC also handles various concerns affecting IMF staff, such as remote telework, visa issues, staff engagement, and addressing problems with benefits or work conditions. With approximately 2,285 employees, the SAC continues to work on these matters, aiming to improve the working environment and well-being of IMF staff members.
Is International Monetary Fund Staff Association Committee legitimate?
International Monetary Fund Staff Association Committee is a legitimate nonprofit organization registered as a 501(c)(5) entity. International Monetary Fund Staff Association Committee submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of International Monetary Fund Staff Association Committee?
The International Monetary Fund (IMF) Staff Association Committee, often referred to as SAC, serves as a representative body for IMF employees, advocating for their interests in relation to the IMF management and the Executive Board. Specifically, the SAC focuses on several key areas: compensation, human resources reforms, pension and benefits reforms, strengthening the dispute resolution system, and the SAC Legal Assistance Fund. These initiatives aim to ensure fair employment conditions and support for the IMF staff members.
Who is the CEO of International Monetary Fund Staff Association Committee?
Mark Griffiths is the Chair (Started 06/2022) of International Monetary Fund Staff Association Committee.
What is the revenue of International Monetary Fund Staff Association Committee?
International Monetary Fund Staff Association Committee's revenue in 2023 was $89,325.
Who are the executives of International Monetary Fund Staff Association Committee and what are their salaries?
There 21 volunteers at International Monetary Fund Staff Association Committee.
Here are 14 key members and their salaries:
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Where can I find the form 990 for International Monetary Fund Staff Association Committee?
International Monetary Fund Staff Association Committee's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of International Monetary Fund Staff Association Committee
The International Monetary Fund Staff Association Committee, abbreviated as SAC, serves a vital role in representing the interests of its approximately 2,285 members regarding the management of the International Monetary Fund and its Executive Board. The committee's mission is multifaceted, focusing on several key areas.
Firstly, the SAC plays a crucial part in advocating for staff compensation, ensuring fair and equitable remuneration for its members. Secondly, it is involved in human resources reforms, striving to improve working conditions and policies for the staff. Thirdly, the committee is engaged in pension and benefits reforms, working towards securing adequate retirement provisions and benefits for its members.
Furthermore, the SAC is dedicated to strengthening the dispute resolution system within the IMF, aiming to foster a more equitable and transparent resolution process for any conflicts that may arise. Lastly, the committee manages the SAC Legal Assistance Fund, providing financial assistance to members who may require legal support in certain circumstances.
In summary, the International Monetary Fund Staff Association Committee is an essential advocate for its members, playing a pivotal role in shaping compensation policies, human resources reforms, pension and benefits, and dispute resolution processes within the IMF. It also provides legal aid through the SAC Legal Assistance Fund, further supporting its members in their professional journey.
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Impact
October, 2024
The International Monetary Fund Staff Association Committee (SAC) plays a vital role in advocating for the interests of IMF staff. By representing staff concerns to IMF management and the Executive Board, the SAC addresses critical issues such as compensation, remote telework policies, and visa challenges.
The SAC's work on compensation includes negotiating fair pay and benefits for staff, ensuring that their contributions are appropriately recognized. The committee also focuses on facilitating hybrid work arrangements, which are increasingly important in today’s work environment.
Furthermore, the SAC tackles complex visa issues affecting employees and their families, thereby aiding in the legal and operational aspects of staff mobility. Reforming the Fund's dispute resolution system is another significant impact, as it enhances staff’s ability to resolve grievances fairly and efficiently.
Another key area of focus is the staff engagement survey, which helps gauge employee satisfaction and inform improvements in workplace conditions. Overall, with around 2,285 members, the SAC is instrumental in fostering a supportive and responsive work environment for IMF employees, ultimately enhancing their well-being and productivity.
This information is meant to be a general summary of International Monetary Fund Staff Association Committee. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,124
- Program Service Revenue: $80,951
- Gross Receipts: $89,325
Assets and Liabilities:
- Total Assets: $584,620
- Total Liabilities: $0
- Net Assets: $584,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$80,951
Organization Details
Founding Year
1984
Phone
(202) 623-7650Principal Officer
Mark Griffiths
Main Address
700 19TH STREET NW, WASHINGTON, DC, 20431
NTEE Category
Code: Z99 - Unknown
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