2021-11-15T15:50:32-06:00 2020-12-31 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2020-01-01 132535763 Accion International % LIVINGSTON PARSONS III ACCI 6176257020 10 Fawcett St STE 204 Cambridge MA 02138 Livingston Parsons III CFO 6176257020 2021-11-15 true Livingston Parsons III 999009999 Marc Berger P01871563 7038930600 3 2020 2022-09-23 18:48:47Z MICHAEL SCHLEIN 10 FAWCETT STREET STE 204 Cambridge MA 02138 12054818 false X WWW.ACCION.ORG X 1965 NY ACCION COMBINES DECADES OF EXPERIENCE WITH INSIGHTS INTO EMERGING TECHNOLOGIES TO BUILD A FINANCIALLY INCLUSIVE WORLD AND PROMOTE ECONOMIC ACTIVITY FOR ALL. 13 13 116 18 0 0 19174205 5773114 4268972 2791811 4272268 -3663847 49 38 27715494 4901116 3782587 4379485 0 0 16625809 16201137 0 0 2081087 9696475 7532182 30104871 28112804 -2389377 -23211688 376902980 386472102 5117124 4633708 371785856 381838394 X TO GIVE PEOPLE THE FINANCIAL TOOLS THEY NEED TO IMPROVE THEIR LIVES. false false 9513545 4216490 1632126 SEE SCHEDULE O 5583447 50000 756243 SEE SCHEDULE O 4930671 112995 403442 SEE SCHEDULE O 1090741 21118404 true true false false false false false false false false true false true false true true true true false true true true false false false false false true false true false false false false false false false false true false false false true true true true true false true 63 0 true 116 true true true true MP IN CH CO PE false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true true true AL AR CA FL GA HI IL IN KS KY MD MA MI MN MS NH NJ NM NY OK OR PA RI SC TN UT VA WV WI X X LIVINGSTON PARSONS III 6176257020 10 FAWCETT STREET STE 204 CAMBRIDGE MA 02138 X MICHAEL SCHLEIN PRESIDENT & CEO 50.0 0.0 X 614121 0 33617 ESTEBAN ALTSCHUL COO 50.0 0.0 X 577042 0 67985 JOHN FISCHER CIO 50.0 0.0 X 319935 96390 83112 BRIAN CLANCY CDO 50.0 0.0 X 306043 0 48965 LIVINGSTON PARSONS III CFO 50.0 0.0 X 288197 0 48812 VICTORIA WHITE GLAS SENIOR VP. 50.0 0.0 X 280068 0 52648 KEVIN SAUNDERS ASSISTANT SEC AND GEN COUNSEL 50.0 0.0 X 270300 0 51766 MAYADA EL-ZOGHBI CFI SENIOR VP. 50.0 0.0 X 271649 0 32204 VIKAS RAJ VENTURE LAB SENIOR VP. 50.0 0.0 X 254379 0 45984 JAMES ROSENBERG CCO 50.0 0.0 X 250172 0 40714 TAHIRA DOSANI VENTURE LAB SENIOR VP. 50.0 0.0 X 258363 0 29761 ELLEN BAUER ASSIST SECRETARY/BOARD LIAISON 50.0 0.0 X 78085 0 15935 DIANA TAYLOR CHAIR 6.0 0.0 X X 0 0 0 RON HOGE TREASURER 6.0 0.0 X X 0 0 0 PHILLIP RIESE SECRETARY 6.0 0.0 X X 0 0 0 HENRY MILLER DIRECTOR 6.0 0.0 X 0 0 0 TITUS BRENNINKMEIJER DIRECTOR 1.0 0.0 X 0 0 0 TARA KENNEY DIRECTOR 1.0 0.0 X 0 0 0 THOMAS BARRY DIRECTOR 1.0 0.0 X 0 0 0 BARBARA LUCAS DIRECTOR 1.0 0.0 X 0 0 0 ELIZABETH McCAUL DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL MIEBACH DIRECTOR 1.0 0.0 X 0 0 0 BOB ANNIBALE DIRECTOR 1.0 0.0 X 0 0 0 SHIRISH APTE DIRECTOR 1.0 0.0 X 0 0 0 ERAJ SHIRVANI DIRECTOR 1.0 0.0 X 0 0 0 3768354 96390 551503 47 false true false QUONA CAPITAL MANAGEMENT LTD PO BOX 1008 WILLOW HOUSE CRICKE GRAND CAYMAN 0 CJ INV. PORTFOLIO MGMT. 387198 GONZALO GONZALES SARMIENTO 153 Y PORTETE EL BATAN QUITO 0 EC PROGRAM CONSULTING 205920 GRANT THORNTON 33960 TREASURY CENTER CHICAGO IL 606943900 AUDIT SERVICES 182500 WPP GROUP USA INC 3333 WARRENVILLE ROAD SUITE 400 LISLE IL 60532 PROGRAM CONSULTING 179199 JP MORGAN CHASE BANK 50 ROWES WHARF 4TH FLOOR BOSTON MA 02110 INV. MANAGEMENT 269466 6 7035 5766079 56565 5773114 CONTRACT REVENUE 541900 1965676 1965676 INVESTMENT MANAGEMENT FEES 900099 575000 575000 HONORARIUM,BOARD REPRESENTATION FEES 900099 167232 167232 CONFERENCE FEES REVENUE 900099 48929 48929 DIVIDENDS FROM PROGRAM INVESTMENTS 523920 22863 22863 12111 12111 2791811 2287908 2287908 0 38 38 0 0 0 1201947 7153702 -5951755 -5951755 -5951755 0 0 0 0 0 0 0 0 0 0 4901116 2791811 -3663809 143819 143819 0 4235666 4235666 0 2775146 1281493 1136654 356999 0 10683020 8342217 1496583 844220 539940 373143 102628 64169 1337265 820054 364559 152652 865766 535314 231849 98603 0 257498 192606 64892 270891 28946 241945 0 0 665240 395775 229830 39635 3150257 2882071 155622 112564 87540 21907 342 65291 310376 156103 107622 46651 598435 400712 118560 79163 0 1253270 630743 461771 160756 414881 328371 69518 16992 0 -12352 -13161 440 369 -488 -1371 883 0 235349 142486 64826 28037 128941 91566 27723 9652 ALL OTHER 172344 129944 37066 5334 28112804 21118404 4913313 2081087 1646326 4484869 75282885 91984561 12146652 8843326 1015139 785589 0 0 0 0 453061 1884436 0 0 1213689 682303 3065128 2216047 1084431 849081 3392262 2857810 0 0 276454975 269886829 0 0 4213560 4213298 376902980 386472102 4481913 4048375 0 0 435211 485400 0 0 0 0 0 0 0 0 200000 0 0 99933 5117124 4633708 X 351766873 367934858 20018983 13903536 371785856 381838394 376902980 386472102 X -23211688 16887585 16376641 X X false true X true false X 14437212 9423851 5279974 19174205 5773114 54088356 0 0 14437212 9423851 5279974 19174205 5773114 54088356 28336814 25751542 3221524 3211961 2554130 2144913 2287908 13420436 0 0 67508792 19925922 0.38145 0.34913 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1939142 1148140 791002 225642 220987 4655 900344 846920 53424 849081 BANCO SOLIDARIO S.A 106628790 C ACCION AFRICA ASIA 16332580 F GRASSLAND FINANCE LIMITED 17232140 F ACCION FRONTIER INCLUSION FUND 48383624 C DAWN MYANMAR 14201434 F OTHER PROGRAM REL. INVESTMENT 67108261 C 269886829 0 99933 X 38609775 16887585 361485 16459589 33708659 4901116 4901116 28112804 28112804 28112804 Schedule D Part X Line 2 Accion is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code ("IRC") and is generally exempt from income taxes pursuant to Section 501(a). Centro and ATA are registered charitable organizations in Colombia and India, respectively. Gateway, AFIF GP, AFIF LP, and AVL GP, single member limited liability companies, are fully consolidated on the federal form 990 of their single member, Accion. ACC, AAIC and AINV Nigeria (see Note 2) are taxable subsidiaries of Accion, filing their own tax returns. The income tax consequences, if any, are reflected in the consolidated financial statements, and do not have a material effect, individually or in the aggregate, upon Accions consolidated financial statements. Accion believes it has taken no uncertain tax positions. Schedule D, PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN INCOME OF EQUITY INVESTMENTS $16,459,589 true Middle East and North Africa 0 0 Program Services see part V 20493 North America 0 0 Program Services see part V 52003 South America 1 24 Program Services see part V 1567828 South Asia 1 22 Program Services see part V 719664 Sub-Saharan Africa 0 4 Program Services see part V 837979 Central America and the Caribbean 0 0 Investments 85182238 East Asia and the Pacific 0 0 Investments 32033574 Europe (Including Iceland and Greenland) 0 0 Investments 11762172 North America 0 0 Investments 7970029 South Asia 0 0 Investments 1326867 Sub-Saharan Africa 0 0 Investments 2289992 2 50 2 50 256119917 256119917 South America 1751586 WIRE South Asia 1416461 WIRE North America 146155 WIRE South Asia 126419 WIRE Sub-Saharan Africa 120000 WIRE Central America and the Caribbean 100000 WIRE East Asia and the Pacific 100000 WIRE South Asia 80000 WIRE South America 80000 WIRE South America 77833 WIRE Europe (Including Iceland and Greenland) 60220 WIRE Sub-Saharan Africa 50000 WIRE South America 39149 WIRE North America 35068 WIRE East Asia and the Pacific 25000 WIRE Sub-Saharan Africa 25000 WIRE 4 12 true false true false true true Schedule F, PART I, LINE 2: ACCION's Accounting and Resource Development departments oversee the receipt, Distribution and use of grant funds, and provide donors with detailed reports based thereon. Schedule F, PART I, COLUMN E: IF ACTIVITY LISTED IN PART I, COLUMN (D) IS A PROGRAM SERVICE, FOLLOWING IS THE SPECIFIC TYPE OF SERVICE IN THE REGION: MICROFINANCE-TECHNICAL ASSISTANCE, EDUCATION AND INVESTMENTS. Schedule F, PART I, II, III: THE ACCOUNTING METHOD USED FOR PARTS I, II AND III IS US GAAP/ACCRUAL BASIS. true ACCION THE US NETWORKACCION OPPORT FUND 85 BROAD ST 18TH FL NEW YORK NY 10004 454127501 501(c)(3) 143819 PROGRAM ASSISTANCE 1 0 Part I, Line 2: ACCION's accounting and resource development departments oversee the receipt, distribution and use of grant funds, and provide donors with detailed reports based thereon. X X X true true X X X X X X false true false false false false false true false MICHAEL SCHLEIN PRESIDENT & CEO 488767 0 123032 0 2322 0 0 0 33617 0 647738 0 0 0 ESTEBAN ALTSCHUL COO 333719 0 52673 0 190650 0 21375 0 46610 0 645027 0 0 0 LIVINGSTON PARSONS III CFO 226759 0 33394 0 28044 0 19266 0 29546 0 337009 0 0 0 KEVIN SAUNDERS ASSISTANT SEC AND GEN COUNSEL 217177 0 33000 0 20123 0 18000 0 33766 0 322066 0 0 0 BRIAN CLANCY CDO 231045 0 33800 0 41198 0 19500 0 29465 0 355008 0 0 0 JOHN FISCHER CIO 250961 54352 41093 0 27881 42038 13566 36651 29172 3723 362673 136764 0 0 MAYADA EL-ZOGHBI CFI SENIOR VP. 231407 0 13000 0 27242 0 14028 0 18176 0 303853 0 0 0 TAHIRA DOSANI VENTURE LAB SENIOR VP. 206877 0 31500 0 19986 0 17250 0 12511 0 288124 0 0 0 VIKAS RAJ VENTURE LAB SENIOR VP. 222393 0 31500 0 486 0 17250 0 28734 0 300363 0 0 0 VICTORIA WHITE GLAS SENIOR VP. 227403 0 35343 0 17322 0 18749 0 33899 0 332716 0 0 0 JAMES ROSENBERG CCO 209202 0 29120 0 11850 0 16640 0 24074 0 290886 0 0 0 Schedule J Part I Line 1a: Housing allowance, tax indemnification and once a year home leave for employees and the members of their families were provided to Esteban AltschuL and John Fischer as part of an expatriate benefit package during their temporary assignment to a foreign office. Schedule J, PART I, LINE 4b: Vikas Raj and Tahira Dosani were participants in a 457 (F) plan. The applicable amounts for 2020 were 0 for both. Schedule J, PART I, LINE 7: Employees identified in Schedule J, Part II(A), lines 1 - 11 were eligible for limited incentive compensation based upon performance in the prior tax year. Any such compensation that is awarded is part of and subject to the total compensation review and approval process. X 12 56565 FAIR Market value false true false SCHEDULE M, PART I, COLUMN (B): EXPLANATION: REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 4A: GLOBAL PROGRAMS: THREE BILLION PEOPLE ARE LEFT OUT OF OR POORLY SERVED BY THE WORLD'S FORMAL FINANCIAL SECTOR, LACKING THE FINANCIAL TOOLS THEY NEED TO MANAGE THEIR DAY-TO-DAY LIVES. THE GLOBAL PANDEMIC HAS MADE IT EVEN HARDER FOR THEM TO GROW THEIR BUSINESSES, PROVIDE FOR THEIR FAMILIES, AND AVOID FINANCIAL DISASTER. ACCION IS A GLOBAL NONPROFIT COMMITTED TO CREATING A FINANCIALLY INCLUSIVE WORLD. ACCION USES DIGITAL TECHNOLOGY TO HELP FAMILIES AND SMALL BUSINESSES ACCESS THE FINANCIAL TOOLS THEY NEED TO REACH THEIR ECONOMIC POTENTIAL AND BUILD BETTER LIVES. OUR GLOBAL PROGRAMS INCLUDE THE ACCION GLOBAL ADVISORY SOLUTIONS TEAM, WHICH PARTNERS WITH FINANCIAL SERVICE PROVIDERS AROUND THE WORLD TO BETTER MEET THE NEEDS OF UNDERSERVED INDIVIDUALS AND SMALL BUSINESSES. THE ADVISORY TEAM LEVERAGES ACCION'S GLOBAL INSIGHTS AND PROVIDES STRATEGIC AND OPERATIONAL SUPPORT IN GROWTH STRATEGY AND PLANNING, CUSTOMER STRATEGY, DIGITAL CHANNELS, AND OTHER CORE PROCESSES THAT MAXIMIZE THE IMPACT ON AND FOR CLIENTS. IN 2020, AS DIGITAL TOOLS BECAME ESSENTIAL TO THE SURVIVAL OF BUSINESSES AND THEIR FINANCIAL SERVICE PROVIDERS DURING THE PANDEMIC, THE ADVISORY TEAM WORKED WITH ITS PARTNERS TO RAPIDLY DEVELOP NEW DIGITAL PRODUCTS AND PLATFORMS THAT HELP UNDERSERVED CLIENTS START PARTICIPATING IN AND BENEFITTING FROM THE DIGITAL ECONOMY. FORM 990, PART III, LINE 4B: GLOBAL INVESTMENTS: ACCION INVESTS IN THE PRODUCTS AND SERVICES THAT BENEFIT THE WORLD'S THREE BILLION FINANCIALLY UNDERSERVED PEOPLE, CATALYZING AND SCALING INNOVATION TO ADDRESS GLOBAL NEED. BY SUPPORTING INCLUSIVE FINTECH STARTUPS, MICROFINANCE INSTITUTIONS, AND OTHER FINANCIAL SERVICE PROVIDERS, PROVIDING THEM WITH HIGH-CALIBER GOVERNANCE THROUGH BOARD OVERSIGHT, AND/OR ADVISING ON STRATEGIC AND OPERATIONAL CHALLENGES, WE CREATE WELL-RUN, MISSION-DRIVEN, AND EFFICIENT ORGANIZATIONS THAT CREATE DEMONSTRATION MODELS AND ENCOURAGE OTHERS TO WORK TOWARD A FINANCIALLY INCLUSIVE WORLD. ACCION'S SEED-STAGE IMPACT INITIATIVE, ACCION VENTURE LAB, INVESTS CAPITAL IN, AND PROVIDES SUPPORT TO, INNOVATIVE FINTECH STARTUPS THAT INCREASE ACCESS TO, IMPROVE THE QUALITY OF, OR REDUCE THE COST OF FINANCIAL SERVICES FOR THE UNDERSERVED AT SCALE. IN 2020, ACCION HELPED ITS PARTNERS AROUND THE WORLD RAPIDLY DIGITIZE THEIR OPERATIONS TO STAY IN TOUCH WITH CLIENTS COPING WITH LOCKDOWNS AND SOCIAL DISTANCING, AND SUPPORTED DIGITAL INNOVATIONS THAT CAN HELP VULNERABLE CLIENTS BUILD THEIR FINANCIAL RESILIENCE. FORM 990, PART III, LINE 4C: CENTER FOR FINANCIAL INCLUSION: LAUNCHED IN 2008, THE CENTER FOR FINANCIAL INCLUSION AT ACCION (CFI) IS AN INDEPENDENT THINK TANK THAT USES RIGOROUS RESEARCH AND ADVOCACY TO ADVANCE INCLUSIVE FINANCIAL SYSTEMS FOR LOW-INCOME PEOPLE AROUND THE WORLD. IT LEVERAGES PARTNERSHIPS TO CONDUCT RESEARCH, TEST PROMISING SOLUTIONS, AND THEN ADVOCATE FOR EVIDENCE-BASED CHANGE. IN 2020, CFI CONDUCTED A SURVEY ACROSS FOUR COUNTRIES TO BETTER UNDERSTAND THE EFFECTS OF THE PANDEMIC ON SMALL BUSINESSES AROUND THE WORLD. CFI ALSO CONDUCTED RESEARCH TO ASSESS HOW POLICYMAKERS ARE RESPONDING TO COVID-19 AND CREATED CASE STUDIES ON INVESTORS' RESPONSES TO PREVIOUS CRISES TO DRAW OUT APPLICABLE LESSONS. IN 2020, CFI HOSTED ITS ANNUAL FINANCIAL INCLUSION WEEK, WHICH CONVENED POLICY EXPERTS, ANALYSTS, AND INDUSTRY LEADERS IN DISCUSSION ON RESPONDING TO THE GLOBAL PANDEMIC TO SUPPORT VULNERABLE POPULATIONS. PARTICIPANTS ALSO DISCUSSED ISSUES RELATED TO CFI'S NEW STRATEGY, WHICH FOCUSES ON CLIMATE CHANGE, WOMEN'S ECONOMIC EMPOWERMENT, CONSUMER PROTECTION, AND DATA RISKS AND OPPORTUNITIES. FORM 990, PART III, LINE 4D: EDUCATION AND COMMUNICATION: ACCION'S COMMUNICATIONS ARTICULATE THE NEED TO CREATE A FINANCIAL SECTOR THAT WORKS FOR EVERYONE, ILLUSTRATE THE HUMAN NEEDS THAT FINANCIAL SERVICES ADDRESS, AND SHOW HOW FINANCIAL INCLUSION ACCELERATES BOTH SOCIAL AND ECONOMIC PROGRESS. IN 2020, THROUGH A SERIES OF NEW VIDEOS AND DIGITAL CONTENT, ACCION SHARED STORIES OF RESILIENCE THAT SHOWED HOW ENTREPRENEURS ADAPTED AND SURVIVED AMID THE EXTREME CHALLENGES OF THE PANDEMIC. ACCION ALSO WORKED WITH PARTNERS TO LAUNCH THE SECOND YEAR OF THE INCLUSIVE FINTECH 50 COMPETITION, WHICH ELEVATES PROMISING EARLY-STAGE FINTECHS DRIVING FINANCIAL INCLUSION AND RESILIENCE AROUND THE GLOBE. IN 2020, THE INITIATIVE ATTRACTED ELIGIBLE APPLICATIONS FROM MORE THAN 400 EARLY-STAGE FINTECHS. THROUGH AN INDEPENDENT JUDGING PANEL AND SELECTION PROCESS, THE INITIATIVE BOOSTS THE VISIBILITY OF THESE STARTUPS AMONG INVESTORS AND PARTNERS WHO CAN HELP THEM SCALE TO REACH MORE OF THE WORLD'S THREE BILLION FINANCIALLY UNDERSERVED PEOPLE. FORM 990, PART VI SECTION A LINE 1A: THE EXECUTIVE AND/OR FINANCE COMMITTEE HAS BEEN DELEGATED AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI SECTION A LINE 11B: PRIOR TO THE FILING OF THE FORM 990, THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS RECEIVES THE FORM 990 FOR REVIEW. EACH MEMBER OF THE BOARD OF DIRECTORS SUBSEQUENTLY RECEIVES A COPY OF THE REVIEWED FORM 990 BEFORE ACCION FILES IT WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI SECTION A LINE 12C: ACCION INTERNATIONAL'S CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, INCLUDING ALL TRANSACTIONS, FINANCIAL INTERESTS, CONTRACTS, OR POSITIONS, CONDUCTED OR HELD BY THE OFFICER, DIRECTOR, OR KEY EMPLOYEE OR IMMEDIATE MEMBER OF HIS/HER FAMILY, WITH ANY BUSINESSES, CORPORATIONS, PARTNERSHIPS, PROPRIETORSHIPS THAT CARRY OUT ANY BUSINESS ACTIVITIES WITH ACCION INTERNATIONAL OR ANY OF ITS SUBSIDIARIES, INVESTEES, AFFILIATES OR OTHER PERSONS OR INSTITUTIONS IN ANY RELATED TO ACCION INTERNATIONAL. IN ADDITION TO THE ANNUAL DISCLOSURE REQUIREMENT, OFFICERS, DIRECTORS, AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY POTENTIAL OR REAL CONFLICT OF INTEREST AS THEY ARISE. EACH REAL OR POTENTIAL CONFLICT MUST BE EVALUATED BY INDEPENDENT, DISINTERESTED DIRECTORS SERVING ON THE AUDIT & GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS, AND IF A REAL OR POTENTIAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT CONFLICT SITUATION MUST BE DETERMINED TO BE FAIR AND REASONABLE TO THE CORPORATION AND THUS WAIVED BEFORE THE AFFECTED OFFICER, DIRECTOR, OR KEY EMPLOYEE MAY PROCEED. FORM 990, PART VI SECTION A LINE 15: COMPENSATION FOR OFFICERS, INCLUDING THE CEO, AND KEY EMPLOYEES MUST BE APPROVED BY THE APPROPRIATE COMMITTEE OF THE BOARD OF DIRECTORS AFTER CONSIDERATION OF DATA PROVIDED BY THIRD PARTY EXPERTS WHICH INDICATES COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE BOARD COMMITTEE WILL MAINTAIN CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI LINE 19: ACCION INTERNATIONAL'S AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI LINE 9: EQUITY IN INCOME OF EQUITY INVESTMENTS $ 16,459,589 RETURN OF CAPITAL FROM CLOSED FOREIGN SUBSIDIARY $ (82,003) MISC ADJUSTMENT $ (945) TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES $ 16,376,641 ACCION GATEWAY FUND LLC 10 FAWCETT ST STE 204 CAMBRIDGE MA 02138 SEE PART VII DE 13613230 171958978 ACCION INT ACCION FRONTIER INCLUSION FUND LP LLC 10 FAWCETT ST STE 204 CAMBRIDGE MA 02138 SEE PART VII DE 0 20703930 ACCION INT ACCION QUONA INCLUSION FUND LP LLC 10 FAWCETT ST STE 2014 CAMBRIDGE MA 02138 SEE PART VII DE 21102 7108575 ACCION INT ACCION QUONA INCLUSION FUND GP LLC 10 FAWCETT ST STE 204 CAMBRIDGE MA 02138 SEE PART VII DE 22066 25279 ACCION INT ACCION FRONTIER INCLUSION FUND GP LLC 10 FAWCETT STSTE204 CAMBRIDGE MA 02138 SEE PART VII DE 15729 30494 ACCION INT ACCION VENTURE LAB GP LLC 10 FAWCETT STSTE204 CAMBRIDGE MA 02138 SEE PART VII DE 0 352 ACCION INT ACCION TECHNICAL ADVISORS INDIA 9/3 KAISER-E-HIND1 FLRICHMOND RD BANGLORE IN 560025 SEE PART VII IN SEC 8 CO ACCION INT true FUNDACION CENTRO ACCION MICROEMPRESARIAL CARRERA 7 146-65 7TH FLOOR BOGOTA D.C. CO See part VII CO FOUNDATION ACCION INT true ACCION AFRICA-ASIA INVESTMENT COMPANY IFS COURT TWENTYEIGHT CYBERCITY EBENE MP SEE PART VII MP SEE PART VII 17330801 70554170 1.00000 false ACCION CONSULTATION SVCS CO LTD ROOM 606 BLD 3 WANDA PLAZANO93 BEIJING CHAOYANG CH SEE PART VII CH SEE PART VII 82203 54629 0.99000 false false true false false true false false false false false false false false false true false false true ACCION AFRICA ASIA INVESTMENT COMPANY B 32800075 Cost FUNDACION CENTRO ACCION MICROEMPR B 1751586 Cost ACCION TECHNICAL ADVISORS INDIA B 1416461 Cost ACCION INVESTMENT IN NIGERIA B 3861 Cost FUNDACION CENTRO ACCION MICROEMPRESARIAL E 45000 Cost ACCION (BEIJING)CONSULTATION SVCS COLTD P 82453 COST ACCION AFRICA ASIA INVESTMENT COMPANY S 8990727 COST ACCION INVESTMENT IN NIGERIA S 6356558 COST Schedule R, Part I, column (b): PRIMARY ACTIVITY: 1. PROGRAM RELATED INVESTMENT 2. PROGRAM RELATED INVESTMENT 3. PROGRAM RELATED INVESTMENT 4. PROGRAM RELATED INVESTMENT 5. PROGRAM RELATED INVESTMENT 6. PROGRAM RELATED INVESTMENT Schedule R, PART II, COLUMN (B): PRIMARY ACTIVITY: 1. Technical Assistance & Education Related to Microfinance 2. Technical Assistance & Education Related to Microfinance Schedule R, PART IV, COLUMN (A): FULL NAME: 1. ACCION INVESTMENTS IN MICROFINANCE NIGERIA 3. ACCION (BEJING) CONSULTAtion SERVICES CO, LTD Schedule R, PART IV, COLUMN (B): PRIMARY ACTIVITY: 1. Program Related Investment 2. Program Related Investment 3. Technical assistance and education related to microfinance Schedule R, PART IV, COLUMN (D): Direct Controlling Entity: 1. ACCION GATEWAY FUND, LLC 2. ACCION GATEWAY FUND, LLC 3. Accion International