ACUMEN FUND INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: ACUMEN FUND INC (EIN 13-4166228)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-15
IRS object ID: 202443209349318104
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule G
Schedule I
Schedule J
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-15T14:26:09-06:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	80 CITY SQUARE	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02129	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	134166228	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ACUMEN FUND INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ACUM	BusinessNameControlTxt
Phone	2125668821	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WORTH STREET 303	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CARLYLE SINGER	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2125668821	PhoneNum
Signature	2024-11-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KAREN LO	PreparerPersonNm
PTIN	P01434915	PTIN
Phone	6179129000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JACQUELINE NOVOGRATZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WORTH STREET 303	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$56,017,223	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.ACUMEN.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2001	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	ACUMEN'S MISSION IS TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS.ACUMEN IS A GLOBAL FORCE OF ENTREPRENEURS, INVESTORS, PHILANTHROPISTS, AND SOCIAL INNOVATORS WORKING TOGETHER TO BUILD A WORLD BASED ON DIGNITY. WE WERE FOUNDED BY JACQUELINE NOVOGRATZ ON THE RADICAL IDEA THAT BUSINESS, WHEN CULTIVATED WITH MORAL IMAGINATION, CAN BREAK THE CYCLE OF POVERTY. WE INVEST IN TRANSFORMATIONAL COMPANIES, BUILD SUSTAINABLE MARKETS, AND PREPARE LEADERS WITH THE TOOLS THEY NEED TO CREATE A MORE JUST AND INCLUSIVE FUTURE. SINCE 2001, WE HAVE SCALED COMPANIES AND SHAPED MARKETS IN SOME OF THE HARDEST-TO-REACH COMMUNITIES ON THE PLANET, IMPACTING OVER HALF-A-BILLION LIVES.	ActivityOrMissionDesc
Voting Members Governing Body	13	VotingMembersGoverningBodyCnt
Voting Members Independent	12	VotingMembersIndependentCnt
Total Employee	133	TotalEmployeeCnt
Total Volunteers	13	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$59,141,180	PYContributionsGrantsAmt
CY Contributions Grants	$50,322,993	CYContributionsGrantsAmt
PY Program Service Revenue	$954,784	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,172,013	CYProgramServiceRevenueAmt
PY Investment Income	$1,345,663	PYInvestmentIncomeAmt
CY Investment Income	$1,207,116	CYInvestmentIncomeAmt
PY Other Revenue	-$324,122	PYOtherRevenueAmt
CY Other Revenue	$506,626	CYOtherRevenueAmt
PY Total Revenue	$61,117,505	PYTotalRevenueAmt
CY Total Revenue	$53,208,748	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,806,288	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$2,988,413	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$12,935,309	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,528,716	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$118,863	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,132,789	CYTotalFundraisingExpenseAmt
PY Other Expenses	$14,128,735	PYOtherExpensesAmt
CY Other Expenses	$11,578,327	CYOtherExpensesAmt
PY Total Expenses	$28,870,332	PYTotalExpensesAmt
CY Total Expenses	$30,214,319	CYTotalExpensesAmt
PY Revenues Less Expenses	$32,247,173	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$22,994,429	CYRevenuesLessExpensesAmt
Total Assets BOY	$187,205,036	TotalAssetsBOYAmt
Total Assets EOY	$210,817,310	TotalAssetsEOYAmt
Total Liabilities BOY	$10,806,671	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$14,566,571	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$176,398,365	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$196,250,739	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$13,139,364	ExpenseAmt
Grant	$1,908,277	GrantAmt
Revenue	$1,081,496	RevenueAmt
Desc	INVESTING AND PORTFOLIO MANAGEMENT:WE INVEST ACROSS THE CAPITAL CONTINUUM TO HELP TRANSFORMATIONAL COMPANIES GROW FROM SEED TO SCALE. ACUMEN INVESTS PATIENT CAPITAL IN BUSINESS MODELS THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO THE WORLD'S POOR, IMPROVING THE LIVES OF MILLIONS. SINCE 2001, ACUMEN HAS INVESTED IN BUSINESSES THAT PROVIDE ACCESS TO HEALTHCARE, ENERGY, EDUCATION, WATER & SANITATION, HOUSING, FINANCIAL SERVICES, AND AGRICULTURAL SERVICES TO LOW-INCOME CUSTOMERS. OUR INVESTMENTS ARE ADDRESSING THE PROBLEMS OF POVERTY IN EAST AND WEST AFRICA, SOUTH ASIA, LATIN AMERICA, AND THE UNITED STATES. [SEE CONTINUATION ON SCHEDULE O]ACUMEN MADE 26 NEW AND FOLLOW-ON INVESTMENTS IN 2023, REACHING A CUMULATIVE $168 MILLION INVESTED IN 183 BUSINESSES SERVING THE PEOPLE LIVING IN POVERTY. WE ALSO POOL CAPITAL TO SCALE STRATEGIC SOLUTIONS TO PROBLEMS OF POVERTY IN SPECIFIC SECTORS AND GEOGRAPHIES, USING BLENDED FINANCE. OUR THREE SPONSORED FOR-PROFIS, CURRENTLY MANAGED UNDER ACUMEN CAPITAL PARTNERS INCLUDE: KAWISAFI ($67M AUM), FOCUSES ON CLEAN ENERGY AND CLIMATE MITIGATION IN EAST AFRICA; ACUMEN RESILIENT AGRICULTURE FUND ($58M AUM), FOCUSES ON CLIMATE RESILIENCE FOR SMALLHOLDER FARMERS IN EAST AND WEST AFRICA; AND ACUMEN LATIN AMERICA EARLY GROWTH FUNDS I AND II ($73M AUM), MANAGED BY ACUMEN LATAM IMPACT VENTURES, A TEAM OWNED MANAGER, FOCUSED ON ENERGY ACCESS, WORKFORCE AND AGRICULTURE.IN 2023, WE LAUNCHED THE HARDEST-TO REACH INITIATIVE FOR ENERGY ACCESS SOLUTIONS IN COUNTRIES IN SUB-SAHARAN AFRICA.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$5,341,386	ExpenseAmt
Grant	$1,080,136	GrantAmt
Revenue	$89,292	RevenueAmt
Desc	FELLOWS & LEADERSHIP PROGRAMS:WE PROVIDE PATHS FOR THOSE CURIOUS ABOUT SOCIAL ENTREPRENEURSHIP AND FOR THOSE WHO ARE ACTIVELY BUILDING THEIR BUSINESSES. OUR CURRICULUM IS GROUNDED IN TWO DECADES OF EXPERIENCE, ACCOMPANYING SOCIAL ENTREPRENEURS ON THE JOURNEY FROM SEED TO SCALE. OUR ONLINE COURSES ARE FOR ANYONE, ANYWHERE LOOKING TO USE THE TOOLS OF BUSINESS TO SOLVE REAL PROBLEMS IN THEIR COMMUNITIES. THE REGIONAL, COHORT-BASED LEADERSHIP PROGRAMS ARE FOR ENTREPRENEURS SOLVING PROBLEMS OF POVERTY. WE PROVIDE OUR GLOBAL COMMUNITY OF 1,600+ ALUMNI WITH THE TOOLS, CAPITAL, AND COMMUNITY TO SCALE THEIR IMPACT.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$4,479,002	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$1,225	RevenueAmt
Desc	IMPACT & COMMUNICATIONS:THE GOAL OF THE INSIGHTS AND IMPACT TEAMS AT ACUMEN IS TO SUPPORT THE MISSION OF SOLVING PROBLEMS POVERTY THROUGH DATA-DRIVEN STRATEGIES. WE DO THIS BY BUILDING MODELS, SHARING THE INSIGHTS FROM OUR WORK AND HOLDING OURSELVES AND OUR PEERS ACCOUNTABLE. OUR IMPACT MEASUREMENT AND MANAGEMENT FRAMEWORK HELPS US DEFINE AND MEASURE OUR IMPACT, INCLUDING BREADTH AND DEPTH OF IMPACT. THROUGH 2023, ACUMEN HAS REACHED OVER 648 MILLION LIVES IMPACTED THROUGH OUR PATIENT CAPITAL AND FOR-PROFIT INVESTMENTS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$22,959,752	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (1)	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	40	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	133	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	CA	ForeignCountryCd
Foreign Country	UK	ForeignCountryCd
Foreign Country	MP	ForeignCountryCd
Foreign Country	IN	ForeignCountryCd
Foreign Country	PK	ForeignCountryCd
Foreign Country	CO	ForeignCountryCd
Foreign Country	KE	ForeignCountryCd
Foreign Country	NI	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	0	Form8899Filedind
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	13	GoverningBodyVotingMembersCnt
Independent Voting Member	12	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DE	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	TX	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CARLYLE SINGER PRESIDENT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2125668821	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WORTH STREET 303	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JACQUELINE NOVOGRATZ
CEO & DIRECTOR	39.50	0.50	Yes (X)	Yes (X)	$373,288	$0	$35,257
MARGO ALEXANDER
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
KATHLEEN CHEW WAI LIN
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
MATTHEW COUREY
DIRECTOR (AS OF 4/27/2023)	1.00	0.00	Yes (X)		$0	$0	$0
C HUNTER BOLL
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
NATHAN LAURELL
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
CRISTINA LJUNGBERG
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
KIRSTEN NEVILL-MANNING
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
KAREN PATERSON
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
THULASIRAJ RAVILLA
DIRECTOR (AS OF 4/27/2023)	1.00	0.00	Yes (X)		$0	$0	$0
ANDREA SOROS COLOMBEL
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
HANS TAPARIA
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
MARK TERCEK
DIRECTOR (UNTIL 5/1/2023)	1.00	0.00	Yes (X)		$0	$0	$0
SHAIZA RIZAVI
BOARD CHAIR	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
CARLYLE SINGER JONES
PRESIDENT	39.50	0.50		Yes (X)	$334,865	$0	$22,772
JACQUELINE WOO
CHIEF FINANCIAL OFFICER	39.50	0.50		Yes (X)	$252,096	$0	$45,684
LYNN ROLAND
BOARD SECRETARY/GENERAL COUNSEL	35.00	5.00		Yes (X)	$250,065	$0	$49,248
AMRITA BHANDARI
CHIEF OF INSIGHTS & STRATEGY	40.00	0.00			$257,830	$0	$8,138	Yes (X)
YASMINA ZAIDMAN
CHIEF OF DEVELOPMENT & PARTNERSHIPS	40.00	0.00			$252,052	$0	$41,006	Yes (X)
WILLIAM CHARNOCK
CHIEF OF MARKETING (UNTIL 6/30/23)	40.00	0.00			$240,774	$0	$16,653	Yes (X)
JOANNA MCQUADE
DIRECTOR, TALENT	40.00	0.00			$231,674	$0	$19,918	Yes (X)
AMON ANDERSON
DIRECTOR, ACUMEN AMERICA	0.00	40.00			$214,064	$0	$40,381	Yes (X)
CATHERINE C NANDA
DIRECTOR, ACUMEN AMERICA	0.00	40.00			$240,008	$0	$40,843	Yes (X)
ALEXANDRA TRABULSI
DIRECTOR, PHILANTHROPY	40.00	0.00			$195,286	$0	$6,262		Yes (X)
SARAH BIEBER
DIRECTOR, DEVELOPMENT & PARTNERSHIPS	40.00	0.00			$190,575	$0	$6,120		Yes (X)
SABRINA LEE ORTEGA SANCHEZ
HEAD OF BUSINESS DEV., FOUNDATION	40.00	0.00			$170,972	$0	$19,623		Yes (X)
KEVIN LEHMAN ASSOCIATE
DIRECTOR, FUNDRAISING (UNTIL 12/7/23)	40.00	0.00			$171,667	$0	$16,160		Yes (X)
MICHELLE OSORIO
INVESTMENT DIR., KAWISAFI VENTURES	0.00	40.00			$0	$241,066	$47,541		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,375,216	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$241,066	TotReportableCompRltdOrgAmt
Total Other Compensation	$415,606	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	30	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
60 DECIBELS INC
205 E 42ND STREET 20TH FL	NEW YORK	NY	10018	IMPACT MEASUREMENT	$379,807
WALL STREET IT MANAGEMENT
40 WEST 37TH STREET	NEW YORK	NY	10018	IT MANAGEMENT SERVICES	$264,768
RSM US LLP
30 S WACKER DRIVE SUITE 3300	CHICAGO	IL	60606	ACCOUNTING SERVICES	$203,469
BRITEWEB
195 MONTAGUE ST	BROOKLYN	NY	11201	DESIGN, BRAND, & WEB SERVICES	$179,128
BRIDGE PARTNERS LLC
27 UNION SQUARE WEST SUITE 502	NEW YORK	NY	10003	RECRUITING	$172,816

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	11	CntrctRcvdGreaterThan100KCnt
Government Grants	$2,483,936	GovernmentGrantsAmt
All Other Contributions	$47,839,057	AllOtherContributionsAmt
Noncash Contributions	$766,866	NoncashContributionsAmt
Total Contributions	$50,322,993	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PGM RELATED LOAN INCOME	900099	$1,007,567	$1,007,567
PROGRAM FEES	900099	$164,446	$164,446

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,172,013	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,476,941	TotalRevenueColumnAmt
Exclusion	$1,476,941	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$2,538,650	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$2,808,475	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$269,825	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$269,825	TotalRevenueColumnAmt
Exclusion	-$269,825	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt
REIMBURSEMENT/OTHER	900099	$500,626	$500,626
PORTFOLIO DILIGENCE FEE INCOME	900099	$6,000	$6,000

Field	Value	IRS element (for citing)
Other Revenue Total	$506,626	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$53,208,748	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,172,013	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$1,713,742	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,140,722	TotalAmt
Program Services	$1,140,722	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$1,847,691	TotalAmt
Program Services	$1,847,691	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,049,003	TotalAmt
Program Services	$2,290,307	ProgramServicesAmt
Management And General	$425,871	ManagementAndGeneralAmt
Fundraising	$332,825	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$319,807	TotalAmt
Program Services	$319,807	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$9,711,213	TotalAmt
Program Services	$6,208,829	ProgramServicesAmt
Management And General	$1,200,847	ManagementAndGeneralAmt
Fundraising	$2,301,537	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$389,501	TotalAmt
Program Services	$242,721	ProgramServicesAmt
Management And General	$64,499	ManagementAndGeneralAmt
Fundraising	$82,281	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$982,815	TotalAmt
Program Services	$624,221	ProgramServicesAmt
Management And General	$157,576	ManagementAndGeneralAmt
Fundraising	$201,018	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,076,377	TotalAmt
Program Services	$665,293	ProgramServicesAmt
Management And General	$180,647	ManagementAndGeneralAmt
Fundraising	$230,437	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$136,355	TotalAmt
Program Services	$82,141	ProgramServicesAmt
Management And General	$23,823	ManagementAndGeneralAmt
Fundraising	$30,391	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$266,201	TotalAmt
Program Services	$204,328	ProgramServicesAmt
Management And General	$61,872	ManagementAndGeneralAmt
Fundraising	$1	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$152,342	TotalAmt
Program Services	$79,911	ProgramServicesAmt
Management And General	$60,149	ManagementAndGeneralAmt
Fundraising	$12,282	FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$118,863	TotalAmt
Fundraising	$118,863	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,826,689	TotalAmt
Program Services	$3,119,873	ProgramServicesAmt
Management And General	$343,412	ManagementAndGeneralAmt
Fundraising	$363,404	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$267,526	TotalAmt
Program Services	$244,507	ProgramServicesAmt
Management And General	$22,222	ManagementAndGeneralAmt
Fundraising	$797	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$310,471	TotalAmt
Program Services	$193,659	ProgramServicesAmt
Management And General	$59,879	ManagementAndGeneralAmt
Fundraising	$56,933	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$911,322	TotalAmt
Program Services	$514,356	ProgramServicesAmt
Management And General	$275,747	ManagementAndGeneralAmt
Fundraising	$121,219	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$775,767	TotalAmt
Program Services	$538,221	ProgramServicesAmt
Management And General	$125,089	ManagementAndGeneralAmt
Fundraising	$112,457	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$552,889	TotalAmt
Program Services	$401,625	ProgramServicesAmt
Management And General	$61,047	ManagementAndGeneralAmt
Fundraising	$90,217	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$257,350	TotalAmt
Program Services	$185,319	ProgramServicesAmt
Management And General	$23,023	ManagementAndGeneralAmt
Fundraising	$49,008	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$63,544	TotalAmt
Program Services	$61,838	ProgramServicesAmt
Management And General	$1,360	ManagementAndGeneralAmt
Fundraising	$346	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$58,093	TotalAmt
Program Services	$29,811	ProgramServicesAmt
Management And General	$19,404	ManagementAndGeneralAmt
Fundraising	$8,878	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
INTERCOMPANY PROGRAM SE	$3,663,939	$3,663,939
PROV FOR PORTFOLIO LOSS	$205,030	$205,030
CORPORATE TAXES/OTHER	$94,013	$85,765	$421	$7,827
MISCELLANEOUS	$36,796	$9,838	$14,890	$12,068

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$30,214,319	TotalAmt
Program Services	$22,959,752	ProgramServicesAmt
Management And General	$3,121,778	ManagementAndGeneralAmt
Fundraising	$4,132,789	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$548,169	BOYAmt
EOY	$40,038	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$60,756,429	BOYAmt
EOY	$82,695,708	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$32,493,939	BOYAmt
EOY	$21,305,972	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,246,013	BOYAmt
EOY	$3,124,194	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,062,429	BOYAmt
EOY	$1,217,011	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$314,044	BOYAmt
EOY	$416,451	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$488,767	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$404,553	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$131,564	BOYAmt
EOY	$84,214	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,654,126	BOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$398,740	BOYAmt
EOY	$633,740	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$85,143,089	BOYAmt
EOY	$95,429,016	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$2,456,494	BOYAmt
EOY	$5,870,966	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$187,205,036	BOYAmt
EOY	$210,817,310	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,672,192	BOYAmt
EOY	$3,245,349	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$384,366	BOYAmt
EOY	$226,509	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$7,750,113	BOYAmt
EOY	$11,094,713	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$10,806,671	BOYAmt
EOY	$14,566,571	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$108,403,215	BOYAmt
EOY	$128,942,100	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$67,995,150	BOYAmt
EOY	$67,308,639	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$176,398,365	BOYAmt
EOY	$196,250,739	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$187,205,036	BOYAmt
EOY	$210,817,310	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$22,994,429	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$3,468,761	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$6,610,816	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$25,402,570	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,665,203	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,704,639	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$59,141,180	CurrentTaxYearMinus1YearAmt
Current Tax Year	$50,322,993	CurrentTaxYearAmt
Total	$188,236,585	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$25,402,570	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,665,203	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,704,639	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$59,141,180	CurrentTaxYearMinus1YearAmt
Current Tax Year	$50,322,993	CurrentTaxYearAmt
Total	$188,236,585	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$45,013,206	SubstantialContributorsTotAmt
Public Support Total170	$143,223,379	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$284,685	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$216,162	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$64,783	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$361,136	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,476,941	CurrentTaxYearAmt
Total	$2,403,707	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$29,290	CurrentTaxYearMinus3YearsAmt
Total	$29,290	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$491,207	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$833,789	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$280,350	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$337,394	CurrentTaxYearMinus1YearAmt
Current Tax Year	$506,626	CurrentTaxYearAmt
Total	$2,449,366	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$193,118,948	TotalSupportAmt
Public Support CY170	0.74160	PublicSupportCY170Pct
Public Support PY170	0.68810	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER FEES/INCOME - 2022 AMOUNT: $ 78,100. REIMBURSEMENT/OTHER - 2019 AMOUNT: $ 41,207. 2020 AMOUNT: $ 8,096. 2021 AMOUNT: $ 280,350. 2022 AMOUNT: $ 236,294. 2023 AMOUNT: $ 500,626. DEVELOPMENT COST REIMBURSEMENT - 2019 AMOUNT: $ 450,000. 2020 AMOUNT: $ 825,693. DILIGENCE COST REIMBURSEMENT - 2022 AMOUNT: $ 23,000. 2023 AMOUNT: $ 6,000.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$41,966	OtherCostOrOtherBasisAmt
Depreciation	$35,344	DepreciationAmt
Book Value	$6,622	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$127,132	OtherCostOrOtherBasisAmt
Depreciation	$113,353	DepreciationAmt
Book Value	$13,779	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$319,669	OtherCostOrOtherBasisAmt
Depreciation	$255,856	DepreciationAmt
Book Value	$63,813	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$84,214	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (11 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PROGRAM RELATED DEBT INVESTMENTS - NORTH AMERICA	$1,925,990	C
PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA	$6,754,027	C
PROGRAM RELATED DEBT INVESTMENTS - S.ASIA	$1,382,765	C
PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA	$1,712,062	C
PROGRAM RELATED EQUITY INVESTMENTS - NORTH AMERICA	$15,676,232	C
PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA	$24,549,312	C
PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA	$16,978,620	C
PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA	$5,709,246	C
PROGRAM RELATED PARTNERSHIP INVESTMENTS - NORTH AMERICA	$500,000	C
PROGRAM RELATED PARTNERSHIP INVESTMENTS - SUB-SAHARAN AFRICA	$18,830,534	C
PROGRAM RELATED PARTNERSHIP INVESTMENTS - LATIN AMERICA	$1,410,228	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$95,429,016	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
RETURNABLE GRANT CAPITAL	$5,819,399
LEASE LIABILITY	$5,275,314

Field	Value	IRS element (for citing)
Total Liability	$11,094,713	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	ACUMEN IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME EARNED IN FURTHERANCE OF THESE ENTITIES' TAX-EXEMPT PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS SUCH, NO PROVISION FOR INCOME TAX EXPENSE HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ACUMEN HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, ACUMEN IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE OF THE RESPECTIVE RETURNS.	ExplanationTxt

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
SOUTH ASIA	2	24	PROGRAM SERVICES	PORTFOLIO MGMT, LEADERSHIP, IMPACT & COMMS	$845,741
SUB-SAHARAN AFRICA	2	29	PROGRAM SERVICES	PORTFOLIO MGMT, LEADERSHIP, IMPACT & COMMS	$2,458,198
LATIN AMERICA	1	22	PROGRAM SERVICES	PORTFOLIO MGMT, LEADERSHIP, IMPACT & COMMS	$995,869
EUROPE	1	18	PROGRAM SERVICES	PORTFOLIO MGMT, LEADERSHIP, IMPACT & COMMS	$3,654,775
NORTH AMERICA	0	2	PROGRAM SERVICES	LEADERSHIP PROGRAM	$154,921
SUB-SAHARAN AFRICA			PROGRAM RELATED INVESTMENT		$50,133,873
SOUTH ASIA			PROGRAM RELATED INVESTMENT		$18,361,385
LATIN AMERICA			PROGRAM RELATED INVESTMENT		$8,831,536
SOUTH ASIA			GRANT MAKING	TA GRANTS	$514,820
SUB-SAHARAN AFRICA			GRANT MAKING	TA GRANTS	$1,199,209
LATIN AMERICA			GRANT MAKING	TA GRANTS	$70,000
EUROPE			GRANT MAKING	TA GRANTS	$17,742
NORTH AMERICA			GRANT MAKING	TA GRANTS	$920
EAST ASIA AND THE PACIFIC			GRANT MAKING	TA GRANTS	$45,000

Field	Value	IRS element (for citing)
Subtotal Offices	6	SubtotalOfficesCnt
Subtotal Employees	95	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	6	TotalOfficeCnt
Total Employee	95	TotalEmployeeCnt
Subtotal Spent	$85,436,298	SubtotalSpentAmt
Continuation Spent	$1,847,691	ContinuationSpentAmt
Total Spent	$87,283,989	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (33 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt
SUB-SAHARAN AFRICA	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES	$390,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	PROVIDE OFF-GRID ENERGY ACCESS TO LOW-INCOME PEOPLE IN THE DEMOCRATIC REPUBLIC OF THE CONGO	$178,281	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	EXPAND AND OPTIMIZE CHLS SOURCING CAPABILITIES SUSTAINABLY BY INCREASING THE PARTICIPATION OF SMALL-HOLDER FARMERS IN COCONUT FARMING	$65,063	WIRE TRANSFER	$0
SOUTH ASIA	AID IN GROWING THE FARM-TO-HOME PLATFORM THAT HELPS IMPROVE INDIAN FARMER LIVELIHOODS	$59,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	PROVIDE ECONOMIC OPPORTUNITIES FOR VULNERABLE WOMEN THAT HAVE BEEN INTERNALLY DISPLACED DUE TO THE FLOODS THROUGH THE CREATION AND DEVELOPMENT OF CLEAN ENERGY BUSINESSES	$56,958	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	SET UP A NEW MARKET FOR PALM FRUITS, AND PROVIDE STARTUP CAPITAL TO WOMENS GROUPS TO ENABLE THEM TO PURCHASE THE PALM FRUITS THAT THEY CAN USE TO PRODUCE PALM OIL	$53,128	WIRE TRANSFER	$0
SOUTH ASIA	HISTORY PROJECT IN PAKISTAN	$50,500	WIRE TRANSFER	$0
LATIN AMERICA	DEVELOP AN ARTICULATED STRATEGY THAT ALLOWS THE EMPOWERMENT AND LEADERSHIP PROGRAMS TO REACH NEW TRAINERS AND YOUNG PEOPLE FROM VULNERABLE COMMUNITIES AFFECTED BY POVERTY AROUND COLOMBIA	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	GROW ALOKITO TEACHERS, THE TEACHER DEVELOPMENT PLATFORM THROUGH A SCHOOL MEMBERSHIP MODEL	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	GROW THEIR GARMENT PRODUCTION FACILITY TO PRODUCE SUSTAINABLE AFFORDABLE CLOTHING, LOCALLY	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	IMPROVE THE QUALITY OF SERVICES BEING DELIVERED TO NIGERIAN LOW INCOME PREGNANT WOMEN	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	EXPAND THE ANIMAL HEALTH CARE MODEL TO IMPROVE ACCESS TO ANIMAL HEALTH SERVICES IN REMOTE COMMUNITIES OF NORTHERN NIGERIA	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	INCREASE ACCESS TO SAFE DRINKING WATER IN UNDER-SERVED RURAL COMMUNITIES IN AFRICA BY PROVIDING WATER FILTERS AND WATER FILTER MAINTENANCE	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	TEST THE PAY-AS-YOU-GO-TECHNOLOGY INTO THE CLEAN AND AFFORDABLE INSTITUTIONAL SOLAR COOK STOVE THAT IS BEING USED BY RURAL AND MARGINALIZED SCHOOLS IN KENYA TO COOK FOOD	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	COVER THE COST OF DELIVERING HOLISTIC RE-INTEGRATION TRAINING PACKAGES AND EXPANDING PROGRAMS TO GHANA, SIERRA LEONE, UGANDA, BOTSWANA, AND SOUTH AFRICA	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	PROVIDE FINANCIAL ASSISTANCE FOR BUILDING A LEARNING AND DATA MANAGEMENT SYSTEMS (LMS) AND A TOOLS LIBRARY FOR EDUCATORS IN GOVERNMENT SCHOOLS IN INDIA	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	REACH INDIAN RURAL CUSTOMERS IN DROUGHT-PRONE AND MINIMALSUNLIGHT AREAS WHERE CUSTOMERS CITE SUN-DRYING AND WASHING OF PADS AS ISSUES	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	DEVELOPING THE 1000-YEAR-BREW MODEL TO EMPOWER INDIAN SMALLHOLDER COFFEE PRODUCERS TO DERIVE VALUE AND DIGNITY FROM REGENERATIVE FARMING PRACTICES,	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	ENABLE ASPIRING YOUNG WEAVER-ENTREPRENEURS TO PARTICIPATE IN AND ENGAGE WITH MARKETS DIRECTLY	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	MARKET LOCAL AND INDIGENOUS CROPS AND MINIMALLY PROCESSED PRODUCTS UNDER A SINGLE BRAND ACROSS INDIA	$50,000	WIRE TRANSFER	$0
SOUTH ASIA	PROVIDE FINANCIAL ASSISTANCE FOR A 2-YEAR FELLOWSHIP PROGRAM FOR RURAL YOUNG WOMEN IN INDIA	$50,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	ENGAGE THE EXPERTISE OF LEADING GENDER EXPERTS, VALUE FOR WOMEN, TO PROVIDE THE COMPANY COMPREHENSIVE SUPPORT IN FIRST ITERATION OF A GENDER ACTION PLAN	$46,198	WIRE TRANSFER	$0
EAST ASIA AND THE PACIFIC	ALLOW THE CAPITAL INVESTMENTS NEEDED TO IMPROVE THE CAPACITY TO FINANCE POST-SECONDARY EDUCATION OR VOCATIONAL TRAINING	$25,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	INCREASE THE COMPOST PRODUCTION CAPACITY AND AGGREGATING MORE COCOA HUSKS FROM THE FARMS MANAGED AND OWNED BY UNDERSERVED SMALLHOLDER COCOA FARMERS IN RURAL GHANA	$25,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	COVER THE COST OF INCREASING ITS PROCESSING, OPERATING, AND TRANSPORTATION CAPACITY THEREBY ENABLING THE COMPANY TO REACH MORE OFF-GRID SMALLHOLDERS FARMERS	$25,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	MAKE AN IMMEDIATE IMPACT ON 50 SMALL HOLDER FARMERS BY CARRYING OUT A PILOT PROGRAMME AIMED AT EXTENDING THE SHELF LIFE OF TOMATOES GROWN BY THESE FARMERS	$25,000	WIRE TRANSFER	$0
SUB-SAHARAN AFRICA	BUILD CLIMATE RESILIENCE AND ADAPTABILITY OF SMALLHOLDER FARMERS IN THE DEVELOPING WORLD BY PROVISION OF CLIMATE CONTROL SOLUTIONS THAT LEVERAGE INDIGENOUS RESOURCES	$20,000	WIRE TRANSFER	$0
LATIN AMERICA	DEVELOP A TECHNOLOGICAL PLATFORM THAT SUBSTANTIATES THE VIABILITY OF ORGANIC AND REGENERATIVE PRODUCTION IN ENSURING STABLE, SUSTAINABLE INCOMES FOR SMALLHOLDER FARMERS	$20,000	WIRE TRANSFER	$0
EUROPE	MAKE REFRIGERATION AFFORDABLE AND ACCESSIBLE TO LOW-INCOME CUSTOMERS	$19,494	WIRE TRANSFER	$0
SOUTH ASIA	REDUCE RURAL POVERTY BY IMPROVING ON FARM EFFICIENCIES AND INCREASING FARMER OUTPUTS THROUGH ACCESS TO INNOVATIVE AND AFFORDABLE MACHINERY	$15,000	WIRE TRANSFER	$0
SOUTH ASIA	PROVIDE COST-EFFECTIVE, SUSTAINABLE, AND SCALABLE SOLUTIONS THAT PRESERVE THE QUALITY OF AGRICULTURAL PRODUCE WITHOUT SPOILAGE	$15,000	WIRE TRANSFER	$0
EUROPE	MAKE REFRIGERATION AFFORDABLE AND ACCESSIBLE TO LOW-INCOME CUSTOMERS	$11,509	WIRE TRANSFER	$0
EAST ASIA AND THE PACIFIC	TO PROVIDE AFFORDABLE EDUCATION PRODUCTS TO PEOPLE OF LOW INCOME	$10,000	WIRE TRANSFER	$0

Field	Value	IRS element (for citing)
Total501c3 Org	7	Total501c3OrgCnt
Total Other Org	26	TotalOtherOrgCnt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2:

THE ORGANIZATION MAKES LARGE GRANTS TO ITS RELATED ENTITIES TO FUND THEIR OPERATIONS, THE ACTIVITIES OF WHICH ARE MONITORED BY THE ORGANIZATION. ACUMEN MONITORS THE ACTIVITY OF ITS RELATED ENTITIES BY ANALYZING EXPENDITURES AND COMPARING ACTUAL PERFORMANCE TO BUDGETED AMOUNTS, AND BY MAINTAINING DIRECT OVERSIGHT OF THE ACTIVITIES CONDUCTED AND EXPENDITURES INCURRED. OUR AFFILIATES IN COLOMBIA, PAKISTAN, INDIA, KENYA, AND NIGERIA HAVE INDEPENDENT AUDITS. IN ADDITION TO THE AUDIT, OUR CENTRAL OFFICE FINANCE DEPARTMENT IN NEW YORK HAS OVERSIGHT OF THE COUNTRY OFFICES' SPENDING. INVESTMENTS IN THIRD PARTIES ARE PRIMARILY DEBT OR EQUITY INVESTMENTS. OUTRIGHT GRANTS FOR USE BY A THIRD PARTY IS A PART OF PROGRAMMATIC SPEND, BUT GENERALLY NOT AS LARGE A COMPONENT COMPARED TO INVESTMENTS MADE. FOR ANY PROGRAM-RELATED INVESTMENTS, THE ORGANIZATION REQUIRES REGULAR SOCIAL IMPACT, FINANCIAL AND OPERATIONAL REPORTING, TYPICALLY MAINTAINS A VOTING OR OBSERVER SEAT ON THE INVESTEE COMPANY BOARD AND CONDUCTS AT LEAST ANNUAL REVIEWS OF THE PROGRESS OF THE PROGRAM. FOR ANY GRANTS TO THIRD PARTIES, A GRANT AGREEMENT IS DRAFTED OUTLINING THE SPECIFIC PURPOSE OF THE GRANT, TERMS AND CONDITIONS FOR THE USE OF GRANT MONEY. GRANT FUNDS ARE DISBURSED ONLY AFTER THE GRANTEES SIGN THE GRANT AGREEMENT. DEPENDING UPON THE AMOUNT AND TERM OF GRANT, THE GRANTEES ARE REQUIRED TO MAINTAIN DETAILED RECORDS OF THE USE OF THE GRANT AND PROVIDE PERIODIC REPORTS TO ACUMEN. THE PROGRAM STAFF WILL REVIEW THE GRANTEE REPORTS TO ENSURE COMPLIANCE. ACUMEN PROGRAM STAFF DILIGENTLY SCREENS THE PROSPECTIVE GRANTEES' TRACK RECORDS AND REPUTATIONS BEFORE AWARDING ANY GRANT, AND WHERE A NEW FUNDING RELATIONSHIP EXISTS, SCREENS GRANT RECIPIENTS AGAINST WATCH LISTS SUCH AS SANCTIONS, SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS, ANTI-CORRUPTION AND ANTI-MONEY LAUNDERING LISTS. THROUGHOUT THE GRANT TERM, THE PROGRAM STAFF INTERACTS WITH THE GRANTEE ORGANIZATION TO UNDERSTAND THE PROGRESS THE ORGANIZATION IS MAKING BY USE OF THE GRANT FUNDS. THEY ALSO REVIEW PERIODIC REPORTS SUBMITTED BY THE GRANTEE TO ENSURE PROPER UTILIZATION OF GRANT FUNDS BY THE GRANTEE. GRANT AGREEMENTS OFTEN REQUIRE THE RIGHT TO INSPECT AND AUDIT THE RECORDS OF THE GRANTEE REGARDING PROPER USE OF FUNDS. THE GRANT AGREEMENT SIGNED BY THE GRANTEE TYPICALLY STATES THAT ALL OR ANY PORTION OF GRANT FUNDS USED IN A MANNER OR PURPOSE OTHER THAN THOSE DESCRIBED IN THE GRANT AGREEMENT MUST BE RETURNED TO ACUMEN.

PART I, LINE 3:

PROGRAM-RELATED INVESTMENTS: THE ORGANIZATION HAS A COMPLEX FINANCIAL STRUCTURE THAT IS NOT EASILY SHOWN IN THE FORM 990. TO BETTER UNDERSTAND THE INFORMATION BEING PROVIDED, THE READER SHOULD APPROACH THE FINANCIAL STATEMENTS WITH TWO KEY PIECES OF INFORMATION IN MIND. FIRST, ACUMEN OPERATES PRIMARILY AS A TRADITIONAL NON-PROFIT IN THAT IT RECEIVES CONTRIBUTION REVENUE AND HAS ONGOING OPERATING EXPENSES FOR BOTH PROGRAM WORK AND ADMINISTRATIVE COSTS EACH YEAR. SECONDLY, AND UNLIKE ALMOST ALL OTHER CHARITIES, ACUMEN INVESTS A SUBSTANTIAL PORTION OF ITS ASSETS IN ENTREPRENEURIAL ORGANIZATIONS OPERATING DOMESTICALLY OR IN DEVELOPING COUNTRIES. IN SUM, THESE ACTIVITIES ARE SHOWN IN PARTS I AND II OF SCHEDULE F. THEY ARE ALSO INCLUDED ON FORM 990 PART X LINE 13, WHICH SHOWS THE ORGANIZATION'S TOTAL CUMULATIVE OUTSTANDING BALANCE OF PROGRAM-RELATED INVESTMENTS. ACUMEN PUTS ITS RESOURCES INTO THESE INVESTEE ORGANIZATIONS AS PROGRAMMATIC INVESTMENTS AND ATTEMPTS TO NURTURE THEM UNTIL THEY THRIVE (OR FAIL), PROVIDING MULTIPLE BENEFITS TO CUSTOMERS SERVED - TYPICALLY THE POOREST POPULATIONS WHO LIVE ON LESS THAN A FEW DOLLARS PER DAY. THE ACCOUNTING METHOD USED TO ACCOUNT FOR EXPENDITURES IS THE ACCRUAL METHOD.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Email Solicitations	Yes (X)	EmailSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Agrmt Prof Fundraising Acty	Yes (1)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SHANNON LOVGREN	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1204 NORMAN AVENUE	AddressLine1Txt
City	LAS VEGAS	CityNm
State Abbreviation	NV	StateAbbreviationCd
ZIP	89104	ZIPCd

Field	Value	IRS element (for citing)
Activity	BUILDING A NEW COMMUNITY OF DONORS	ActivityTxt
Fundraiser Control Of Funds	0	FundraiserControlOfFundsInd
Gross Receipts	$250,000	GrossReceiptsAmt
Retained By Contractor	$118,863	RetainedByContractorAmt
Net To Organization	$131,137	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$250,000	TotalGrossReceiptsAmt
Total Retained By Contractors	$118,863	TotalRetainedByContractorsAmt
Total Net To Organization	$131,137	TotalNetToOrganizationAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (15 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
CLIMATE POLICY INITIATIVE INC
575 MARKET ST 514	SAN FRANCISCO	CA	94105	264129153	501(C)(3)	$374,279	$0	LAUNCH AND OPERATIONALIZE THE CLIMATESHOT IMPACT INVESTING COALITION (CIIC)
REFUGEE INVESTMENT NETWORK INC
1401 K ST NW STE 900	WASHINGTON	DC	20005	844496089	501(C)(3)	$151,823	$0	CONDUCT RESEARCH, EDUCATE AND ADVISE ON HOW TO BUILD AND IMPLEMENT DURABLE REFUGEE-LENS INVESTING (RLI) STRATEGIES WORLDWIDE
MAZIWA
3482 GLENPROSEN CT	SAN JOSE	CA	95148	844804829	501(C)(3)	$95,566	$0	CREATE ACCESS TO THE WEMA, A DISCREET, WIRELESS, AND PORTABLE BREAST PUMP, FOR VULNERABLE WORKING MOTHERS IN KENYA
WORKLIFE INC
505 LAKELAND PLZ STE 321	CUMMING	GA	30040	205397231	501(C)(3)	$25,000	$0	VALIDATE THE FINANCIAL SUSTAINABILITY OF WORKLIFE, INC.
PARITY LAB INC
208 W STATE STREET	TRENTON	NJ	08608	871751365	501(C)(3)	$50,000	$0	BUILD A LEGAL COUNSELING HELPLINE TO SUPPORT GRASSROOT ORGANIZATIONS LED BY WOMEN IN RURAL INDIA
SANERGY INC
28 PARK STREET NO 3	BROOKLINE	MA	02446	364688468	501(C)(3)	$50,491	$0	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES
PROMETHEAN POWERS SYSTEM INC
444 SOMERVILLE AVE	SOMERVILLE	MA	02143	261455570		$40,000	$0	TO SUPPORT ESTABLISHING FPO NETWORKS THROUGH SSP
BIOLITE INC
65 JAY STREET FLOOR 4	BROOKLYN	NY	11201	272826296		$30,000	$0	TO EMPOWER PEOPLE AND PROTECT OUR PLANET THROUGH THE MANUFACTURE AND SALE OF AFFORDABLE OFF-GRID RENEWABLE ENERGY PRODUCTS TO LOW-INCOME CUSTOMERS
SIMUSOLAR INC
1052 65TH ST	OAKLAND	CA	94608	472154274		$50,000	$0	TO FURTHER THE GRANT RECIPIENT'S MISSION PROVIDING REFUGEES IN THE BIDIBIDI REFUGEE CAMP WITH LOW-COST, FINANCED, SOLAR-POWERED IRRIGATION EQUIPMENT
FRESNO AREA HISPANIC FOUNDATION
1444 FULTON STREET	FRESNO	CA	93721	753129705	501(C)(3)	$50,000	$0	TO PROVIDE FINANCIAL ASSISTANCE TO TERMINATED EMPLOYEES OF BW INDUSTRIES, INC., AND ITS SUBSIDIARIES (BITWISE)
FARMBOX DIRECT INC
400 STUART ST PH2	BOSTON	MA	02116	464673014		$30,000	$0	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES
FREE FROM MARKET
420 NICHOLS RD	KANSAS CITY	MO	64112	862943988		$30,000	$0	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES
CITY OF SAMARITANS PBC
1207 DELAWARE AVE 860	WILMINGTON	DE	19806	475378331		$60,000	$0	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES
KAIZEN HEALTH INC
33 N LASALLE ST SUITE 1200	CHICAGO	IL	60602	814644959		$60,000	$0	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES
STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC
ONE EDGEWATER PLAZA SUITE 700	STATEN ISLAND	NY	10305	472544659	501(C)(3)	$60,000	$0	TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

Field	Value	IRS element (for citing)
Total501c3 Org	8	Total501c3OrgCnt
Total Other Org	7	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	IN ALL CASES, THE ORGANIZATION HAS A THOROUGH UNDERSTANDING OF THE WORK BEING UNDERTAKEN AND A FAMILIARITY WITH THE GRANTEE UNDERTAKING THE WORK. FOLLOW UP MONITORING IS PERFORMED BY VERBAL CHECK-INS, PERIODIC PROGRESS REPORTS, AND FINAL WRITTEN GRANT PERFORMANCE REPORTS AT THE CONCLUSION OF THE GRANT PERIOD.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JACQUELINE NOVOGRATZ
CEO & DIRECTOR	$343,309	$0	$29,979	$0	$0	$0	$9,900	$0	$25,357	$0	$408,545	$0	$0	$0
CARLYLE SINGER JONES
PRESIDENT	$307,613	$0	$27,252	$0	$0	$0	$9,900	$0	$12,872	$0	$357,637	$0	$0	$0
LYNN ROLAND
BOARD SECRETARY/GENERAL COUNSEL	$224,996	$0	$25,069	$0	$0	$0	$7,831	$0	$41,417	$0	$299,313	$0	$0	$0
JACQUELINE WOO
CHIEF FINANCIAL OFFICER	$228,666	$0	$23,430	$0	$0	$0	$7,873	$0	$37,811	$0	$297,780	$0	$0	$0
YASMINA ZAIDMAN
CHIEF OF DEVELOPMENT & PARTNERSHIPS	$227,071	$0	$24,981	$0	$0	$0	$7,819	$0	$33,187	$0	$293,058	$0	$0	$0
MICHELLE OSORIO
INVESTMENT DIR., KAWISAFI VENTURES	$0	$198,666	$0	$42,400	$0	$0	$0	$7,632	$0	$39,909	$0	$288,607	$0	$0
CATHERINE C NANDA
DIRECTOR, ACUMEN AMERICA	$214,266	$0	$25,742	$0	$0	$0	$7,522	$0	$33,321	$0	$280,851	$0	$0	$0
AMRITA BHANDARI
CHIEF OF INSIGHTS & STRATEGY	$234,810	$0	$23,020	$0	$0	$0	$7,735	$0	$403	$0	$265,968	$0	$0	$0
WILLIAM CHARNOCK
CHIEF OF MARKETING (UNTIL 6/30/23)	$132,795	$0	$25,594	$0	$82,385	$0	$4,846	$0	$11,807	$0	$257,427	$0	$0	$0
AMON ANDERSON
DIRECTOR, ACUMEN AMERICA	$187,578	$0	$26,486	$0	$0	$0	$6,795	$0	$33,586	$0	$254,445	$0	$0	$0
JOANNA MCQUADE
DIRECTOR, TALENT	$203,473	$0	$28,201	$0	$0	$0	$7,021	$0	$12,897	$0	$251,592	$0	$0	$0
ALEXANDRA TRABULSI
DIRECTOR, PHILANTHROPY	$175,630	$0	$19,656	$0	$0	$0	$5,859	$0	$403	$0	$201,548	$0	$0	$0
SARAH BIEBER
DIRECTOR, DEVELOPMENT & PARTNERSHIPS	$168,300	$0	$22,275	$0	$0	$0	$5,717	$0	$403	$0	$196,695	$0	$0	$0
SABRINA LEE ORTEGA SANCHEZ
HEAD OF BUSINESS DEV., FOUNDATION	$158,358	$0	$12,614	$0	$0	$0	$5,240	$0	$14,383	$0	$190,595	$0	$0	$0
KEVIN LEHMAN ASSOCIATE
DIRECTOR, FUNDRAISING (UNTIL 12/7/23	$133,395	$0	$0	$0	$38,272	$0	$3,710	$0	$12,450	$0	$187,827	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 4A

WILLIAM CHARNOCK, CHIEF OF MARKETING, LEFT ACUMEN FUND, INC. ON 6/30/2023 AND RECEIVED SEVERANCE OF $82,385. THE SEVERANCE AMOUNT IS REPORTED IN PART II, COLUMN B(III). KEVIN LEHMAN, ASSOCIATE DIRECTOR, LEFT ACUMEN FUND, INC. ON 12/07/2023 AND RECEIVED SEVERANCE OF $38,272. THE SEVERANCE AMOUNT IS REPORTED IN PART II, COLUMN B(III).

PART I, LINE 7

ACUMEN OFFERS A DISCRETIONARY PERFORMANCE-BASED BONUS FOR ITS EMPLOYEES WITH GUIDELINES SET BY THE MANAGEMENT COMMITTEE AND AGREED BY THE BOARD. BONUSES ARE REFLECTIVE OF ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE WHICH PROVIDES COLLECTIVE ACCOUNTABILITY (INCREASING BY LEVEL), FOSTERS INCREASED COLLABORATION AND PROBLEM-SOLVING. THE ORGANIZATIONAL COMPONENT OF THE BONUS IS RECOMMENDED BY THE MANAGEMENT COMMITTEE TO THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF ANNUAL GOALS (WHICH ARE DETERMINED AT THE END OF THE PRIOR YEAR AND APPROVED BY THE BOARD), THEN REVIEWED BY THE COMPENSATION COMMITTEE AND ULTIMATELY APPROVED BY THE BOARD. EACH INDIVIDUAL'S SUPERVISOR DETERMINES THE INDIVIDUAL RATING BASED ON PERFORMANCE AGAINST INDIVIDUAL GOALS, AND THE DIRECTOR OF TALENT AND RESPECTIVE MANAGEMENT COMMITTEE MEMBER APPROVES THE RATINGS. BONUSES WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	13	ContributionCnt
Noncash Contributions Rpt F990	$766,866	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, COLUMN (B):	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION IS REPORTING THE NUMBER OF GIFTS IN PART I, COLUMN (B) OF SCHEDULE M.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:	ACUMEN FUND IS SOLVING PROBLEMS OF POVERTY AND BUILDING A WORLD BASED ON DIGNITY BY INVESTING IN COMPANIES, LEADERS, AND IDEAS. WE INVEST PATIENT CAPITAL IN BUSINESSES THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO PEOPLE LIVING IN POVERTY, IMPROVING THE LIVES OF MILLIONS IN SOUTH ASIA, EAST AND WEST AFRICA, LATIN AMERICA AND THE UNITED STATES. SINCE 2001, ACUMEN FUND HAS INVESTED $168 MILLION IN 183 SOCIAL ENTERPRISES WORKING IN RESILIENT AGRICULTURE, EDUCATION, ENERGY ACCESS FINANCIAL INCLUSION, HEALTH, HOUSING, WATER AND SANITATION, AND WORKFORCE DEVELOPMENT. THROUGH ACUMEN ACADEMY - THE WORLD'S SCHOOL FOR SOCIAL CHANGE - ENTREPRENEURS LEARN THE HARD SKILLS REQUIRED TO BUILD SCALABLE SOLUTIONS TO POVERTY AND HONE THE HARDER SKILLS OF MORAL LEADERSHIP TO REIMAGINE AND BUILD A BETTER WORLD. THROUGH 2023, ACUMEN ACADEMY BUILT ITS NETWORK OF PROGRAM ALUMNI, FOUNDRY MEMBERS, TO MORE THAN 1600 INDIVIDUALS WHO ARE WORKING ON SOLUTIONS SOLVING PROBLEMS OF POVERTY. WE ALSO TRAINED 200 FELLOWS IN OUR LEADERSHIP DEVELOPMENT PROGRAMS, AWARDED 74 EARLY-STAGE GRANTS TO FOUNDRY MEMBERS AND FACILITATED OVER 1.3 MILLION ONLINE COURSE SIGN-UPS. THROUGH ACADEMY ORGANIZATIONS AND COMPANIES, WE HAVE REACHED 54 MILLION LIVES IMPACTED.
FORM 990, PART VI, SECTION A, LINE 3	THE ORGANIZATION UTILIZES ADP TOTALSOURCE, A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO"). AS A PROFESSIONAL EMPLOYER ORGANIZATION, TOTALSOURCE PROVIDES PROFESSIONAL EMPLOYER SERVICES TO ACUMEN FUND, INC. (ACUMEN). IN THE PEO RELATIONSHIP, TOTALSOURCE AND ACUMEN SHARE CERTAIN RESPONSIBILITIES AND ALLOCATE OTHER EMPLOYER RESPONSIBILITIES BETWEEN EACH OTHER. ACUMEN REMAINS AN EMPLOYER OF THE WORKSITE EMPLOYEES AND TOTALSOURCE IS A CO-EMPLOYER OF ACUMEN'S EMPLOYEES. ACUMEN HAS: - DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO CONDUCT ITS BUSINESS, DISCHARGE ANY FIDUCIARY RESPONSIBILITY IT MAY HAVE, OR COMPLY WITH ANY APPLICABLE LICENSURE, REGULATORY OR STATUTORY REQUIREMENT OF ACUMEN. - CONTROL OVER THE DAY TO DAY JOB DUTIES OF EMPLOYEES AND OVER THE JOB SITES AT WHICH, OR FROM WHICH EMPLOYEES PERFORM SERVICES TOTALSOURCE RESERVES A RIGHT OF DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO FULFILL ITS OBLIGATIONS AND PROVIDE ITS SERVICES UNDER AN AGREEMENT BETWEEN ACUMEN AND TOTALSOURCE. TOTALSOURCE AND ACUMEN HAVE A RIGHT TO HIRE, DISCIPLINE, AND TERMINATE EMPLOYEES AS TO EACH ONE'S EMPLOYMENT RELATIONSHIP WITH EMPLOYEES. THE TOTAL AMOUNT OF SERVICE FEE PAID TO ADP TOTALSOURCE FOR THE TAX YEAR ENDING 12/31/23 IS $121,693.
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION'S FINANCE STAFF MEMBERS PREPARE THE FORM 990 IN CONJUNCTION WITH THE ORGANIZATION'S EXTERNAL INDEPENDENT ACCOUNTANTS. SEVERAL SENIOR MANAGEMENT AND INTERNAL LEGAL STAFF MEMBERS REVIEW THE INFORMATION AND A DRAFT FORM 990 IS CIRCULATED ELECTRONICALLY BY E-MAIL TO THE BOARD OF DIRECTORS. AFTER SOLICITING THE BOARD'S FEEDBACK AND COMMENTS, THE FORM 990 IS E-FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS ANNUALLY MONITORED, REQUIRING ALL OF THE ORGANIZATION'S OR ITS AFFILIATES' BOARD MEMBERS, MEMBERS OF THE INVESTMENT COMMITTEE, OFFICERS, KEY EMPLOYEES, AND EACH OF THEIR RESPECTIVE RELATIVES TO DISCLOSE ANY FINANCIAL INTEREST THAT MAY BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST TO THE GENERAL COUNSEL, SUBJECT TO REVIEW BY THE AUDIT & FINANCE COMMITTEE OF THE BOARD. SUCH DISCLOSURES INVOLVING A TRANSACTION OR ARRANGEMENT ARE REVIEWED BY THE GENERAL COUNSEL, WITH OVERSIGHT BY THE PRESIDENT, AND, IF OVER A CERTAIN THRESHOLD, REFERRED TO THE AUDIT & FINANCE COMMITTEE TO DETERMINE APPROPRIATE ACTION TO BE TAKEN TO ADDRESS THE CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT. THE INDIVIDUAL WITH THE POTENTIAL CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE THE CONFLICT AND MAY BE REQUIRED TO RECUSE HIM/HERSELF FROM THE DISCUSSION AND NOT BE PRESENT DURING ANY DELIBERATION OR VOTE ON MATTERS WHERE HE/SHE HAS AN ACTUAL CONFLICT. A DISINTERESTED PERSON MAY BE APPOINTED TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND THE AUDIT & FINANCE COMMITTEE SHALL DETERMINE IF ACUMEN CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, AND IF NOT, IF THE TRANSACTION OR ARRANGEMENT IS IN ACUMEN'S BEST INTEREST FOR ITS OWN BENEFIT AND FAIR AND REASONABLE. ADDITIONALLY, THE ORGANIZATION REQUIRES ALL SUCH INDIVIDUALS TO PROMPTLY AND FULLY DISCLOSE ALL MATERIAL FACTS OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST THAT MAY EXIST AT THE TIME OF HIRE OR APPOINTMENT, AS APPLICABLE, AND AS THEY MAY ARISE WHILE THE INDIVIDUAL IS SERVING OR EMPLOYED IN SUCH CAPACITY BY THE ORGANIZATION. SUCH DISCLOSURES ARE REVIEWED BY THE GENERAL COUNSEL, WITH OVERSIGHT BY THE PRESIDENT AND/OR OTHER MEMBERS OF SENIOR MANAGEMENT, AND THE AUDIT & FINANCE COMMITTEE, WHERE APPROPRIATE, TO DETERMINE APPROPRIATE ACTION TO BE TAKEN, WHICH, IF ADVISABLE, MAY INCLUDE INFORMATION FIREWALLS, OVERSIGHT BY DISINTERESTED PERSONS AND/OR DISCOURAGEMENT OF THE ACTIVITY.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION ANNUALLY REVIEWS COMPARABLE COMPENSATION DATA FOR ITS NON-PROFIT PEER GROUP AND SIMILAR ORGANIZATIONS IN THE FOR-PROFIT PRIVATE SECTOR. ACUMEN TALENT FOCUSES THE REVIEW ON 2-3 OFFICES AND ROTATES THE REVIEW EVERY YEAR. ACUMEN TALENT BENCHMARKS AGAINST THESE COMPARATIVE FIGURES WHEN SETTING COMPENSATION FOR ITS CHIEF EXECUTIVE OFFICER AND PRESIDENT. THE ORGANIZATION WILL ALSO CONSIDER JOB PERFORMANCE WHEN EVALUATING CEO COMPENSATION. THE COMPENSATION COMMITTEE RECOMMENDS AND THEN THE BOARD OF DIRECTORS DISCUSSES AND APPROVES, IN EXECUTIVE SESSION, THE COMPENSATION INFORMATION AND DETERMINES THE CEO AND PRESIDENT'S SALARIES AND BONUSES. THE COMPENSATION COMMITTEE IS COMPOSED SOLELY OF BOARD MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST IN DETERMINING THE SALARY OF THE CEO. ANY BOARD MEMBERS WHO ARE CONFLICTED IN DETERMINING THE CEO'S COMPENSATION ARE RECUSED FROM THE PORTION OF THE MEETING WHERE THE CEO'S COMPENSATION IS DISCUSSED AND DETERMINED. MINUTES DOCUMENTING BOTH THE ACTIVITIES AND ACTIONS OF THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS, INCLUDING THE MATERIALS THEY USED IN EVALUATING COMPENSATION, ARE TAKEN AND RETAINED CONTEMPORANEOUSLY. THE CEO, IN CONSULTATION WITH THE PRESIDENT AND DIRECTOR OF TALENT, DETERMINES SALARIES OF THE OTHER MEMBERS OF SENIOR MANAGEMENT OF THE ORGANIZATION USING THE SAME PROCESSES AS DESCRIBED ABOVE.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION POSTS ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS ON ITS PUBLICLY ACCESSIBLE WEBSITE WWW.ACUMEN.ORG. CURRENT YEAR INFORMATION IS POSTED AS IT BECOMES AVAILABLE AND TWO PRIOR YEAR'S RESULTS ARE MAINTAINED ONLINE. THE ORGANIZATION ALSO PROVIDES ITS INFORMATION TO CHARITY NAVIGATOR AND GUIDESTAR.ORG. PUBLIC INFORMATION ABOUT ACUMEN IS AVAILABLE ON THE WEBSITE OF THE NYS ATTORNEY GENERAL CHARITIES BUREAU, AS WELL AS UPON REQUEST. THE FORM 1023 IS MADE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST, AND A SUMMARY OF THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE FORM 990. THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA A LINK ON OUR WEBSITE TO THE PROFILE ON GUIDESTAR.
FORM 990, PART IX, LINE 11G	MEMBERSHIP FEES: PROGRAM SERVICE EXPENSES 17,964. MANAGEMENT AND GENERAL EXPENSES 4,947. FUNDRAISING EXPENSES 41,586. TOTAL EXPENSES 64,497. CONSULTANT: PROGRAM SERVICE EXPENSES 2,391,355. MANAGEMENT AND GENERAL EXPENSES 266,821. FUNDRAISING EXPENSES 318,809. TOTAL EXPENSES 2,976,985. TRAINING: PROGRAM SERVICE EXPENSES 3,995. MANAGEMENT AND GENERAL EXPENSES 829. FUNDRAISING EXPENSES 3,000. TOTAL EXPENSES 7,824. RECRUITING: PROGRAM SERVICE EXPENSES 146,150. MANAGEMENT AND GENERAL EXPENSES 70,815. FUNDRAISING EXPENSES 9. TOTAL EXPENSES 216,974. CONTRACTORS: PROGRAM SERVICE EXPENSES 560,409. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 560,409.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 65,483. FOREIGN CURRENCY TRANSLATION GAIN 77,732. CHANGE IN VALUE OF DEBT AND EQUITY SECURITIES -6,750,538. ACUMEN AMERICA LLC SHARE CAPITAL -3,493.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
ACUMEN CAPITAL MARKET INVESTMENTS LLC
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	364796906	CARRY VEHICLE	DE	$0	$0	ACUMEN CAPITAL PARTNERS LLC
ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	831263292	CARRY VEHICLE	DE	$0	$0	ACUMEN CAPITAL PARTNERS LLC
ACUMEN CAPITAL PARTNERS (ARAF) LTD
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	981546121	INVESTMENT ADVISOR		$1,208,741	$269,563	ACUMEN CAPITAL PARTNERS LLC	KE
ACUMEN CAPITAL PARTNERS (EA) LIMITED
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	981551441	INVESTMENT ADVISOR		$730,547	$217,026	ACUMEN CAPITAL PARTNERS LLC	KE
ACUMEN AMERICA LLC
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	921001569	INVESTING IN SOCIAL ENTERPRISES	DE	$6,858,698	$25,538,723	ACUMEN FUND INC
KAWISAFI II CAPITAL INVESTMENTS LLC
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	934395532	CARRY VEHICLE	DE	$0	$0	ACUMEN CAPITAL PARTNERS LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Exempt Code SectionExemptCodeSectionTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd	Foreign PostalForeignAddress/ForeignPostalCd
ACUMEN (PAKISTAN)
11 - C 4TH FL 1ST COMMERCIAL LAN	KARACHI	PK	INVESTING IN SOCIAL ENTERPRISES	PK	501(C)(3)	ACUMEN FUND INC	Yes (1)
ACUMEN FUND CANADA
700 WEST GEORGIA STREET 25TH FLOOR	VANCOUVER	CA	ALLEVIATE POVERTY	CA	501(C)(3)	ACUMEN FUND INC	Yes (1)	V7Y 1B3
AF TRUST
201 DHEERAJI PLAZA HILL ROAD BAN	MUMBAI	IN	LEADERSHIP	IN	501(C)(3)	ACUMEN FUND INC	Yes (1)	400050
ACUMEN FUND WEST AFRICA LTDGTE
PLOT 18 SIKIRU ALADE OLOKO CRESCENT	LAGOS	NI	INVESTMENT ADVISOR & LEADERSHIP	NI	501(C)(3)	ACUMEN FUND INC	Yes (1)
MW NORTH INC
95 THURSFIELD CRESCENT EAST YORK		CA	LEADERSHIP	CA	501(C)(3)	ACUMEN FUND INC	Yes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Legal Domicile StateLegalDomicileStateCd
KAWISAFI VENTURES LTD
C/O OCORIAN CORPORATE SERVICES MAUR	CYBER CITY	MP	320466550	INVESTING IN SOCIAL ENTERPRISES	MP	ACUMEN CAPITAL PARTNERS LLC	RELATED	$100,756	$13,952,926	0	Yes (1)	0.28540
ACUMEN LATIN AMERICA EARLY GROWTH FUND LP
			981364491	INVESTING IN SOCIAL ENTERPRISES	CA	ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC	RELATED	$16,628	$705,820	0	Yes (1)	0.03360	40 WORTH STREET SUITE 303	NEW YORK	NY	10013
ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC
			820973614	CARRY VEHICLE		ACUMEN CAPITAL PARTNERS LLC	RELATED			0	Yes (1)		40 WORTH STREET SUITE 303	NEW YORK	NY	10013	DE
ACUMEN RESILIENT AGRICULTURE FUND LP
			981496984	INVESTING IN SOCIAL ENTERPRISES	CA	ACUMEN CAPITAL PARTNERS LLC	RELATED	$32,214	$1,253,632	0	Yes (1)	0.03490	40 WORTH STREET SUITE 303	NEW YORK	NY	10013
ALIVE EARLY GROWTH FUND II LP
			981687736	INVESTING IN SOCIAL ENTERPRISES	CA	ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC	RELATED	$3,165	$226,197	0	Yes (1)	0.02990	40 WORTH STREET SUITE 303	NEW YORK	NY	10013

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (6 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Legal Domicile StateLegalDomicileStateCd
ACUMEN FUND ADVISORY LLP
S NO 2/1/5 ARCHWAY FL 301 SOPAN BA	PUNE	IN	411045	INVESTING ADVISORY SERVICES	IN	ACUMEN FUND INC	C	$581,791	$236,774	1.00000	Yes (1)
ACUMEN CAPITAL PARTNERS LLC
				FUND MANAGER		ACUMEN FUND INC	C	$4,533,902	$4,249,289	1.00000	Yes (1)	40 WORTH STREET STE 303	NEW YORK	NY	10013	320450985	DE
ACUMEN CAPITAL HOLDING LLC
				HOLDING COMPANY		ACUMEN FUND INC	C	$3,191	$1,022,515	1.00000	Yes (1)	40 WORTH STREET STE 303	NEW YORK	NY	10013	820758236	DE
ACUMEN EA ADVISORY SERVICES LTDGTE
3RD FLOOR ABC TOWERS WAIYAKI WAY	NAIROBI	KE		ADVISORY SERVICES	KE	ACUMEN FUND INC	C	$2,046,732	$729,814	1.00000	Yes (1)
ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD
203 DHEERAJ PLAZA HILL ROAD BANDRA	MUMBAI	IN	400050	ADVISORY SERVICES	IN	ACUMEN FUND INC	C	$21,610	$737,625	1.00000	Yes (1)
ACUMEN EAST AFRICA INSTITUTE LIMITED
3RD FLOOR ABC TOWERS WAIYAKI WAY		KE		NO ACTIVITY	KE	ACUMEN FUND INC	C			1.00000	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (1)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (1)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (8 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
ACUMEN FUND WEST AFRICA LTDGTE
B	$390,000	COST
ACUMEN ADVISORY LLP
M	$845,741	FAIR MARKET VALUE
ACUMEN EA ADVISORY SERVICES LTD
M	$2,068,198	FAIR MARKET VALUE
ACUMEN LATIN AMERICA CAPITAL PARTNERS LLC
Q	$180,082	COST
ACUMEN CAPITAL PARTNERS LLC
Q	$409,597	COST
KAWISAFI VENTURES LIMITED
B	$428,031	COST
ACUMEN RESILIENT AGRICULTURE FUND LP
B	$442,076	COST
ACUMEN LATIN AMERICA EARLY GROWTH FUND
B	$69,204	COST