ACUMEN FUND INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ACUMEN FUND INC (EIN 13-4166228)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202143199349324699
Schema version
2020v4.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T16:44:59-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 CITY SQUAREAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02129ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134166228EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ACUMEN FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlACUMBusinessNameControlTxt
Phone2125668821PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 WORTH STREET NO 303AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJACQUELINE WOOPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone2125668821PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJACQUELINEPersonFirstNm
Person LastWOOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLYNNE JOHNSONPreparerPersonNm
PTINP00757336PTIN
Phone6179129000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJACQUELINE NOVOGRATZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 WORTH STREET NO 303AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$33,005,882GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ACUMEN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionOUR MISSION IS TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS.OUR VISION IS THAT ONE DAY EVERY HUMAN BEING WILL HAVE ACCESS TO THE CRITICAL GOODS AND SERVICES THEY NEED - INCLUDING AFFORDABLE HEALTH CARE, CLEAN ENERGY, EDUCATION, WATER & SANITATION, HOUSING, ACCESS TO FINANCIAL SERVICES, AND AGRICULTURAL INPUTS - SO THEY HAVE THE CHOICE AND OPPORTUNITY TO TRANSFORM THEIR LIVES. THIS IS WHERE DIGNITY STARTS - NOT JUST FOR THE POOR BUT FOR EVERYONE ON EARTH.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee88TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI$31,790TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$25,461NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$25,402,570PYContributionsGrantsAmt
CY Contributions Grants$24,665,203CYContributionsGrantsAmt
PY Program Service Revenue$2,317,027PYProgramServiceRevenueAmt
CY Program Service Revenue$2,833,283CYProgramServiceRevenueAmt
PY Investment Income$2,756,044PYInvestmentIncomeAmt
CY Investment Income$525,861CYInvestmentIncomeAmt
PY Other Revenue$491,207PYOtherRevenueAmt
CY Other Revenue$833,789CYOtherRevenueAmt
PY Total Revenue$30,966,848PYTotalRevenueAmt
CY Total Revenue$28,858,136CYTotalRevenueAmt
PY Grants And Similar Paid$3,119,886PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,644,532CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$12,801,378PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$9,893,930CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$3,316,680PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,409,992CYTotalFundraisingExpenseAmt
PY Other Expenses$10,648,613PYOtherExpensesAmt
CY Other Expenses$10,850,835CYOtherExpensesAmt
PY Total Expenses$29,886,557PYTotalExpensesAmt
CY Total Expenses$28,389,297CYTotalExpensesAmt
PY Revenues Less Expenses$1,080,291PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$468,839CYRevenuesLessExpensesAmt
Total Assets BOY$140,919,171TotalAssetsBOYAmt
Total Assets EOY$141,486,235TotalAssetsEOYAmt
Total Liabilities BOY$5,039,812TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,408,376TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$135,879,359NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$136,077,859NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionACUMEN FUND IS WORKING TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS. [SEE CONTINUATION ON SCHEDULE O] WE INVEST PATIENT CAPITAL IN BUSINESSES THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO THE POOR, IMPROVING THE LIVES OF MILLIONS IN SOUTH ASIA, EAST AND WEST AFRICA, LATIN AMERICA AND THE UNITED STATES. SINCE 2001, ACUMEN FUND HAS INVESTED $137 MILLION IN 139 SOCIAL ENTERPRISES WORKING IN AGRICULTURE, EDUCATION, ENERGY, FINANCIAL INCLUSION, HEALTH, HOUSING, WATER AND SANITATION, AND WORKFORCE DEVELOPMENT. WE ALSO INVEST IN BUILDING A GLOBAL COMMUNITY OF EMERGING LEADERS WORKING TO CREATE A MORE JUST, INCLUSIVE, AND SUSTAINABLE WORLD THROUGH ACUMEN ACADEMY - THE WORLD'S SCHOOL FOR SOCIAL CHANGE - WHICH WAS LAUNCHED IN 2020 AND INCLUDES OUR FELLOWS PROGRAM AND OUR PREVIOUSLY NAMED +ACUMEN ONLINE COURSES.THROUGH THESE EFFORTS, WE ARE WORKING TO CREATE SUSTAINABLE SOLUTIONS TO POVERTY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$14,702,350ExpenseAmt
Grant$5,050,485GrantAmt
Revenue$2,598,741RevenueAmt
DescINVESTING AND PORTFOLIO MANAGEMENT:ACUMEN FUND, INC. (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 HEALTH CARE, 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. ACUMEN INVESTED IN 13 NEW COMPANIES IN 2020, REACHING A CUMULATIVE $137 MILLION INVESTED IN 139 BUSINESSES SERVING THE POOR. (SEE CONTINUATION ON SCHEDULE O)ACUMEN WAS ALSO ABLE TO EXIT THREE COMPANIES RETURNING A TOTAL OF $5 MILLION, INCLUDING AN EARLY MONETIZATION OF OUR INVESTMENT IN KOPAGAS, A COMPANY PROVIDING CLEANER-BURNING COOKING FUEL IN TANZANIA AND SANERGY, OUR SEVEN-YEAR INVESTMENT IN AN INNOVATIVE SANITATION AND AGRICULTURE MODEL IN KENYA. IMMEDIATELY AFTER THE PANDEMIC WAS DECLARED, ACUMEN SPRUNG INTO ACTION TO GET MUCH-NEEDED CAPITAL TO OUR ENTREPRENEURS WHOSE COMMUNITIES WERE ON THE FRONT LINES. ACUMEN RAISED NEARLY $6.5 MILLION ACROSS TWO EMERGENCY RESPONSE FUNDS - THE ACUMEN EMERGENCY FACILITY AND THE ACUMEN AMERICA EMERGENCY FUND - FOR OUR INVESTEES AND FELLOWS TO ENSURE THAT THE MOST VULNERABLE WOULD BE SUPPORTED. IN ADDITION TO OUR COVID-RELIEF SUPPORT, ACUMEN ALSO ANNOUNCED OUR SECOND RETURNABLE FUND, THE ACUMEN LATIN AMERICA EARLY GROWTH FUND (MANAGED BY ALIVE VENTURES), FOCUSED ON AGRIBUSINESS, EDUCATION, AND CLEAN ENERGY IN COLOMBIA AND PERU. FURTHER, WE DEPLOYED CAPITAL FOR AN INITIATIVE TO INVEST IN BUSINESSES THAT ENABLE CLIMATE RESILIENCE FOR SMALLHOLDER FARMERS IN WEST AND EAST AFRICA.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$6,228,727ExpenseAmt
Grant$2,362,333GrantAmt
Revenue$219,542RevenueAmt
DescFELLOWS AND LEADERSHIP PROGRAMS:IN 2020, ACUMEN REORGANIZED ITS FELLOWS AND LEADERSHIP PROGRAMS, BRINGING THEM UNDER THE UMBRELLA OF ACUMEN ACADEMY. LAUNCHED IN MAY, ACUMEN ACADEMY COMBINES OUR +ACUMEN ONLINE COURSES AND FELLOWSHIP PROGRAMS UNDER ONE BRAND, PLATFORM, AND WEBSITE.IN 2020, ACUMEN EXPANDED OUR FELLOWS PROGRAMS INTO FOUR NEW REGIONS: BANGLADESH, MALAYSIA, SPAIN, AND THE UNITED KINGDOM. THE NEW AND EXISTING FELLOWSHIP PROGRAMS PIVOTED TO VIRTUAL AND SEMI-VIRTUAL DELIVERY DUE TO THE COVID-19 PANDEMIC. (SEE CONTINUATION ON SCHEDULE O)THE PROGRAM BUILDS COHORTS OF LOCAL SOCIAL CHANGE LEADERS AND FACILITATES FIVE WEEK-LONG SEMINARS RANGING FROM HOLISTIC APPROACHES TO PROBLEM-SOLVING TO FRAMEWORKS FOR THRIVING IN CHALLENGING ENVIRONMENTS. AS OF THE END OF Q4 2020, A CUMULATIVE 715 ACUMEN FELLOWS HAVE PARTICIPATED IN OUR PROGRAM IN BANGLADESH, EAST AFRICA, INDIA, LATIN AMERICA, MALAYSIA, PAKISTAN, SPAIN, UNITED KINGDOM, AND WEST AFRICA.ACUMEN SUCCESSFULLY LAUNCHED AND RAN A NEW PATH OF MORAL LEADERSHIP ONLINE COURSE, BASED ON JACQUELINE NOVOGRATZ'S NEW BOOK, MANIFESTO FOR A MORAL REVOLUTION: PRACTICES TO BUILD A BETTER WORLD, AND EXPERIMENTED WITH WHAT IS POSSIBLE WHEN TEACHING MORAL LEADERSHIP VIRTUALLY. ACUMEN CONTINUES TO BUILD COURSES AND PARTNERSHIPS AT THE INTERSECTION OF CHARACTER AND COMPETENCE BASED ON THE PAIN POINTS OF SOCIAL INNOVATORS AND EMERGING ENTREPRENEURS. ACUMEN'S GOAL IS TO SOURCE AND CULTIVATE MORE BUILDERS AND GROW OUR COMMUNITY OF SOCIAL INNOVATORS.ACUMEN LAUNCHED ACUMEN ACADEMY CIRCLES, A NEW OFFERING WHICH ENABLES SMALLER GROUPS TO COME TOGETHER (VIRTUALLY OR IN-PERSON) IN LEARNING CIRCLES ANCHORED IN TIMELY, TOPICAL CONTENT. THE CONTENT IS A MIX OF ACUMEN-CURATED AND COMMUNITY-CURATED, AND THE VIRTUAL MODEL WILL ALLOW GROUPS TO CONNECT CROSS-REGIONALLY AS WELL. ACUMEN'S REGIONAL TEAMS ARE ALSO INTENTIONALLY WEAVING CIRCLES INTO THEIR LOCAL STRATEGIES, LEVERAGING THEM EVERYWHERE FROM FELLOWS RECRUITMENT TO REENGAGING FELLOWS FROM PREVIOUS YEARS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,498,304ExpenseAmt
Grant$231,714GrantAmt
Revenue$15,000RevenueAmt
DescIMPACT AND COMMUNICATIONS:THE GOAL OF THE IMPACT AND COMMUNICATIONS TEAMS AT ACUMEN IS TO SUPPORT THE MISSION OF CHANGING THE WAY THE WORLD TACKLES POVERTY BY SHARING THE INSIGHTS FROM OUR WORK, CATALYZING AN ENTREPRENEURIAL, MARKETS-BASED APPROACH TO SOLVING POVERTY, AND SHIFTING PUBLIC PERCEPTION TO SEE THE POTENTIAL OF LOW-INCOME PEOPLE.WHILE PIVOTING TO RESPOND TO THE COVID-19 PANDEMIC WAS OUR DOMINANT FOCUS OF THE YEAR, ACUMEN WAS ABLE TO MAINTAIN MOMENTUM AND CONTINUE PROGRESSING OUR WORK IN SERVICE OF OUR SHARING INSIGHTS WITH OUR STAKEHOLDERS AND SUPPORTERS. (SEE CONTINUATION ON SCHEDULE O)IN FEBRUARY, LONGTIME ACUMEN INVESTEE D.LIGHT REACHED THE IMPRESSIVE MILESTONE OF IMPACTING 100 MILLION LIVES, WHICH WAS PROMOTED AND CELEBRATED BY ACUMEN, AND LOOKED TO AS AN EXAMPLE TO HARNESS LEARNINGS FOR FUTURE INVESTMENTS. THE SUCCESS OF D.LIGHT IS A SHINING EXAMPLE OF THE IMPACT OF PATIENT CAPITAL IN THE OFF-GRID ENERGY SECTOR AND CONTINUES TO PROVIDE OPPORTUNITIES FOR SECTOR-WIDE LEARNING. IN APRIL, AS THE PANDEMIC CONTINUED TO SPREAD GLOBALLY, ACUMEN JOINED THE WORLD ECONOMIC FORUM'S COVID RESPONSE ALLIANCE FOR SOCIAL ENTREPRENEURS. ALONG WITH MORE THAN 50 OTHER FOUNDING MEMBERS, ACUMEN HAS SHARED STORIES ABOUT HOW SOCIAL ENTREPRENEURS ARE RISING TO THE CHALLENGE OF COVID AND LESSONS THAT WE CAN LEARN FROM THEIR EFFORTS TO SERVE PEOPLE IN POVERTY EVEN AMID A GLOBAL HEALTH AND ECONOMIC CRISIS. IN MAY, ACUMEN FOUNDER AND CEO JACQUELINE NOVOGRATZ'S SECOND BOOK MANIFESTO FOR A MORAL REVOLUTION: PRACTICES TO BUILD A BETTER WORLD WAS PUBLISHED, AND A VIRTUAL BOOK TOUR COMMENCED. THE BOOK'S CONTENT WAS CONVERTED INTO AN ACUMEN ACADEMY MASTER CLASS, PROVIDING COURSETAKERS WITH THE OPPORTUNITY TO DIG DEEPER AND LEARN FROM JACQUELINE HERSELF. CONTINUING TO BUILD ON THE MOMENTUM OF THE BOOK LAUNCH, IN SEPTEMBER, JACQUELINE RELEASED A NEW TED TALK, WHAT IT TAKES TO MAKE CHANGE, ON HOW ACUMEN CAN BEST BUILD THE SUSTAINABLE SYSTEMS ACUMEN NEEDS. IN 2020, ACUMEN DOVE DEEPER INTO THE LINKAGES BETWEEN POVERTY AND CLIMATE CHANGE AND, IN NOVEMBER, AS PART OF TED COUNTDOWN, HOSTED TEDXACUMEN, AN EVENT EXPLORING SOLUTIONS AT THE INTERSECTION OF POVERTY AND CLIMATE CHANGE.ACUMEN CLOSED OUT THE YEAR WITH THE WHAT THE WORLD NEEDS NOW CAMPAIGN, CONCISELY AND COMPELLINGLY ILLUSTRATING THE WORLD ACUMEN ENVISIONS, AND THE PEOPLE AND ACTIONS NEEDED TO GET THERE. THE CAMPAIGN MOBILIZED ACUMEN'S AUDIENCE BEHIND A UNITED VISION TO ADDRESS POVERTY IN THE FACE OF BOTH THE COVID-19 PANDEMIC AND CLIMATE CRISIS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$24,429,381TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document59IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee88EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCAForeignCountryCd
Foreign CountryUKForeignCountryCd
Foreign CountryMPForeignCountryCd
Foreign CountryINForeignCountryCd
Foreign CountryPKForeignCountryCd
Foreign CountryCOForeignCountryCd
Foreign CountryGHForeignCountryCd
Foreign CountryKEForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JACQUELINE WOO CHIEF FINANCIAL OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6467473958PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 WORTH STREET NO 303AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JACQUELINE NOVOGRATZ
CEO & DIRECTOR39.001.00Yes (X)Yes (X)$355,766$0$29,536
CARLYLE SINGER JONES
PRESIDENT39.001.00Yes (X)$303,345$0$18,807
WILLIAM CHARNOCK
CHIEF MARKETING OFFICER40.000.00$269,710$0$27,017Yes (X)
JACQUELINE WOO
CHIEF FINANCIAL OFFICER33.506.50Yes (X)$229,287$0$36,574
OTHO EDGAR KERR
CHIEF INVESTMENT OFFICER40.000.00$245,935$0$18,059Yes (X)
LYNN ROLAND
BOARD SECRETARY / GENERAL COUNSEL34.006.00Yes (X)$224,053$0$35,597
YASMINA ZAIDMAN CHIEF
STRATEGIC PARTNERSHIPS OFFICER40.000.00$231,975$0$7,349Yes (X)
AMRITA BHANDARI
CHIEF OF BUSINESS DEVELOPMENT40.000.00$225,889$0$7,167Yes (X)
CATHERINE C NANDA
DIRECTOR, ACUMEN AMERICA40.000.00$196,044$0$33,753Yes (X)
JOANNA MCQUADE
DIRECTOR, TALENT40.000.00$206,762$0$15,909Yes (X)
AMON ANDERSON
DIRECTOR, ACUMEN AMERICA40.000.00$193,783$0$15,645Yes (X)
ELEANOR MURPHY HEAD OF
BUSINESS DEVELOPMENT, EAST COAST39.500.50$164,524$0$21,403Yes (X)
JO-ANN TAN
DIRECTOR, LEADERSHIP40.000.00$174,053$0$5,611Yes (X)
ALEXANDRA TRABULSI HEAD OF
BUSINESS DEVELOPMENT, WEST COAST40.000.00$173,600$0$5,598Yes (X)
SABRINA LEE ORTEGA SANCHEZ
HEAD OF BUSINESS DEV., FOUNDATIONS40.000.00$151,097$0$14,823Yes (X)
BATOOL HASSAN
DIRECTOR, LEADERSHIP40.000.00$159,055$0$5,162Yes (X)
MARGO ALEXANDER
DIRECTOR1.000.00Yes (X)$0$0$0
C HUNTER BOLL
DIRECTOR1.000.00Yes (X)$0$0$0
KATHLEEN CHEW WAI LIN
DIRECTOR1.000.00Yes (X)$0$0$0
STUART DAVIDSON
DIRECTOR1.000.00Yes (X)$0$0$0
JULIUS GAUDIO
DIRECTOR1.000.00Yes (X)$0$0$0
NATHAN LAURELL
DIRECTOR1.000.00Yes (X)$0$0$0
CRISTINA LJUNGBERG
DIRECTOR1.000.00Yes (X)$0$0$0
PAT MITCHELL
DIRECTOR (UNTIL 5/1/20)1.000.00Yes (X)$0$0$0
KIRSTEN NEVILL-MANNING
DIRECTOR1.000.00Yes (X)$0$0$0
KAREN PATERSON
DIRECTOR1.000.00Yes (X)$0$0$0
THULASIRAJ RAVILLA
DIRECTOR1.000.00Yes (X)$0$0$0
ANDREA SOROS COLOMBEL
DIRECTOR1.000.00Yes (X)$0$0$0
MARK TERCEK
DIRECTOR (FROM 5/1/20)1.000.00Yes (X)$0$0$0
SHAIZA RIZAVI
BOARD CHAIR1.000.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,504,878TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$298,010TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K26IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LAFAYETTE AMERICA LLC
4892 GRAND RIVER AVE SUITE 1BDETROITMI48208WEB PLATFORM DESIGN$211,500
60 DECIBELS INC
205 E 42ND ST FLOOR 20NEW YORKNY10017DATABASE MANAGEMENT$201,241
WALL STREET IT MANAGEMENT
40 WEST 37TH STREET SUITE 1003NEW YORKNY10018IT MANAGEMENT SERVICES$171,668
ADP TOTALSOURCE GROUP INC
10200 SUNSET DRIVEMIAMIFL33173PEO SERVICES$168,754
THE BUSARA CENTER FOR BEHAVIORAL ECONOMI
PO BOX 1340PRINCETONNJ08540BEHAVIORAL SCIENCE CONSULTING$146,532
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
Government Grants$1,711,767GovernmentGrantsAmt
All Other Contributions$22,953,436AllOtherContributionsAmt
Noncash Contributions$684,847NoncashContributionsAmt
Total Contributions$24,665,203TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PGM RELATED LOAN INCOME900099$2,405,920$2,405,920
PROGRAM FEES900099$382,399$382,399
PORTFOLIO DILIGENCE FEE INCOME900099$44,964$44,964
FieldValueIRS element (for citing)
Total Program Service Revenue$2,833,283TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$247,952TotalRevenueColumnAmt
Unrelated Business Revenue$31,790UnrelatedBusinessRevenueAmt
Exclusion$216,162ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,264,957SecuritiesAmt
Other$160,698OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,141,257SecuritiesAmt
Other$6,489OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$123,700SecuritiesAmt
Other$154,209OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$277,909TotalRevenueColumnAmt
Exclusion$277,909ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
DEVELOPMENT COST REIMBURSEMENT900099$825,693$825,693
REIMBURSEMENT/OTHER900099$8,096$8,096
FieldValueIRS element (for citing)
Other Revenue Total$833,789OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,858,136TotalRevenueColumnAmt
Related Or Exempt Func Income$2,833,283RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$31,790UnrelatedBusinessRevenueAmt
Exclusion$1,327,860ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,626,440TotalAmt
Program Services$4,626,440ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$26,000TotalAmt
Program Services$26,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,992,092TotalAmt
Program Services$2,992,092ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,017,630TotalAmt
Program Services$2,525,745ProgramServicesAmt
Management And General$246,762ManagementAndGeneralAmt
Fundraising$245,123FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$233,418TotalAmt
Program Services$233,418ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,185,502TotalAmt
Program Services$3,409,313ProgramServicesAmt
Management And General$385,896ManagementAndGeneralAmt
Fundraising$1,390,293FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$236,692TotalAmt
Program Services$168,702ProgramServicesAmt
Management And General$18,412ManagementAndGeneralAmt
Fundraising$49,578FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$572,187TotalAmt
Program Services$406,673ProgramServicesAmt
Management And General$46,096ManagementAndGeneralAmt
Fundraising$119,418FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$648,501TotalAmt
Program Services$476,628ProgramServicesAmt
Management And General$53,520ManagementAndGeneralAmt
Fundraising$118,353FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$140,536TotalAmt
Program Services$92,798ProgramServicesAmt
Management And General$13,651ManagementAndGeneralAmt
Fundraising$34,087FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$147,481TotalAmt
Program Services$83,090ProgramServicesAmt
Management And General$64,391ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$136,050TotalAmt
Program Services$83,542ProgramServicesAmt
Management And General$26,454ManagementAndGeneralAmt
Fundraising$26,054FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,215,776TotalAmt
Program Services$2,042,298ProgramServicesAmt
Management And General$98,881ManagementAndGeneralAmt
Fundraising$74,597FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$116,331TotalAmt
Program Services$112,437ProgramServicesAmt
Management And General$3,431ManagementAndGeneralAmt
Fundraising$463FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$199,131TotalAmt
Program Services$130,162ProgramServicesAmt
Management And General$30,287ManagementAndGeneralAmt
Fundraising$38,682FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$555,854TotalAmt
Program Services$357,138ProgramServicesAmt
Management And General$102,486ManagementAndGeneralAmt
Fundraising$96,230FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$678,258TotalAmt
Program Services$479,661ProgramServicesAmt
Management And General$50,386ManagementAndGeneralAmt
Fundraising$148,211FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$151,033TotalAmt
Program Services$133,196ProgramServicesAmt
Management And General$5,570ManagementAndGeneralAmt
Fundraising$12,267FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$36,340TotalAmt
Program Services$25,684ProgramServicesAmt
Management And General$4,399ManagementAndGeneralAmt
Fundraising$6,257FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$8,551TotalAmt
Management And General$8,551ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$137,668TotalAmt
Program Services$112,267ProgramServicesAmt
Management And General$5,627ManagementAndGeneralAmt
Fundraising$19,774FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$74,956TotalAmt
Program Services$51,362ProgramServicesAmt
Management And General$6,478ManagementAndGeneralAmt
Fundraising$17,116FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
INTERCOMPANY PROGRAM SE$2,317,358$2,317,358
INTERCOMPANY COST REIMB$1,909,694$1,612,473$297,221
PROV FOR PORTFOLIO LOSS$1,886,501$1,886,501
CORPORATE TAXES/OTHER$75,256$41,470$20,403$13,383

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$64,061TotalAmt
Program Services$2,933ProgramServicesAmt
Management And General$61,022ManagementAndGeneralAmt
Fundraising$106FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$28,389,297TotalAmt
Program Services$24,429,381ProgramServicesAmt
Management And General$1,549,924ManagementAndGeneralAmt
Fundraising$2,409,992FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$487,896BOYAmt
EOY$627,646EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$44,765,207BOYAmt
EOY$47,907,426EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$24,288,449BOYAmt
EOY$13,088,483EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,841,125BOYAmt
EOY$1,319,585EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$3,413,075BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$750,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$378,654BOYAmt
EOY$278,918EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$369,758LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$217,493LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$305,181BOYAmt
EOY$152,265EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$500,959BOYAmt
EOY$610,261EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$64,055,890BOYAmt
EOY$75,846,773EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$882,735BOYAmt
EOY$904,878EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$140,919,171BOYAmt
EOY$141,486,235EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,847,209BOYAmt
EOY$2,211,182EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$804,470BOYAmt
EOY$648,534EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,388,133BOYAmt
EOY$2,548,660EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,039,812BOYAmt
EOY$5,408,376EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$86,591,977BOYAmt
EOY$99,487,137EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$49,287,382BOYAmt
EOY$36,590,722EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$135,879,359BOYAmt
EOY$136,077,859EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$140,919,171BOYAmt
EOY$141,486,235EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$468,839ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$270,339OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$29,176,704CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,693,548CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,753,189CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,402,570CurrentTaxYearMinus1YearAmt
Current Tax Year$24,665,203CurrentTaxYearAmt
Total$142,691,214TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$29,176,704CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,693,548CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,753,189CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,402,570CurrentTaxYearMinus1YearAmt
Current Tax Year$24,665,203CurrentTaxYearAmt
Total$142,691,214TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$32,756,621SubstantialContributorsTotAmt
Public Support Total170$109,934,593PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$96,765CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$73,572CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$78,195CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$284,685CurrentTaxYearMinus1YearAmt
Current Tax Year$216,162CurrentTaxYearAmt
Total$749,379TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$60,770CurrentTaxYearMinus2YearsAmt
Current Tax Year$29,290CurrentTaxYearAmt
Total$90,060TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$554,566CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$162,649CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$272,711CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$491,207CurrentTaxYearMinus1YearAmt
Current Tax Year$833,789CurrentTaxYearAmt
Total$2,314,922TotalAmt
FieldValueIRS element (for citing)
Total Support$145,845,575TotalSupportAmt
Public Support CY1700.75380PublicSupportCY170Pct
Public Support PY1700.71120PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationOTHER FEES/INCOME - 2016 AMOUNT: $ 24,568. 2017 AMOUNT: $ 2,596. 2018 AMOUNT: $ 2,407. REIMBURSEMENT/OTHER - 2016 AMOUNT: $ 529,998. 2017 AMOUNT: $ 10,053. 2018 AMOUNT: $ 65,133. 2019 AMOUNT: $ 41,207. 2020 AMOUNT: $ 8,096. EARLY TERMINATION FEE - 2017 AMOUNT: $ 150,000. 2018 AMOUNT: $ 205,171. DEVELOPMENT COST REIMBURSEMENT - 2019 AMOUNT: $ 450,000. 2020 AMOUNT: $ 825,693.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$47,649OtherCostOrOtherBasisAmt
Depreciation$20,981DepreciationAmt
Book Value$26,668BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$177,152OtherCostOrOtherBasisAmt
Depreciation$120,057DepreciationAmt
Book Value$57,095BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$144,957OtherCostOrOtherBasisAmt
Depreciation$76,455DepreciationAmt
Book Value$68,502BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$152,265TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (13 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PROGRAM RELATED EQUITY INVESTMENTS - NORTH AMERICA$21,351,587C
PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA$4,295,394C
PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA$16,881,165C
PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA$3,805,003C
PROGRAM RELATED EQUITY INVESTMENTS - EUROPE$1,918,528C
PROGRAM RELATED DEBT INVESTMENTS - CENTRAL AMERICA AND THE CARRIBEAN$275,000C
PROGRAM RELATED DEBT INVESTMENTS - EUROPE$700,000C
PROGRAM RELATED DEBT INVESTMENTS - NORTH AMERICA$8,689,737C
PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA$1,529,987C
PROGRAM RELATED DEBT INVESTMENTS - S.ASIA$898,153C
PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA$922,353C
PROGRAM RELATED PARTNERSHIP INVESTMENTS - NORTH AMERICA$2,249,811C
PROGRAM RELATED PARTNERSHIP INVESTMENTS - SUB-SAHARAN AFRICA$12,330,055C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$75,846,773TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
RETURNABLE GRANT CAPITAL$1,388,133
PAYCHECK PROTECTION PROGRAM$1,171,555
INTERCOMPANY LOAN-$11,028
FieldValueIRS element (for citing)
Total Liability$2,548,660TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationACUMEN RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT ACUMEN HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. ACUMEN IS GENERALLY EXEMPT FROM INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE.ExplanationTxt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (17 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SOUTH ASIA226PROGRAM SERVICESPORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM$678,342
SUB-SAHARAN AFRICA246PROGRAM SERVICESPORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM$2,620,530
LATIN AMERICA136PROGRAM SERVICESPORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM$1,038,139
EUROPE118PROGRAM SERVICESLEADERSHIP PROGRAM AND FUNDRAISING$940,749
NORTH AMERICA06PROGRAM SERVICESLEADERSHIP PROGRAM$112,650
SOUTH ASIA00PROGRAM RELATED INVESTMENT$17,779,318
SUB-SAHARAN AFRICA00PROGRAM RELATED INVESTMENT$18,155,435
LATIN AMERICA00PROGRAM RELATED INVESTMENT$4,727,356
EUROPE00PROGRAM RELATED INVESTMENT$2,618,528
NORTH AMERICA00PROGRAM RELATED INVESTMENT$1,129,856
CENTRAL AMERICA AND THE CARIBBEAN00PROGRAM RELATED INVESTMENT$275,000
SOUTH ASIA00GRANT MAKINGEMERGENCY FACILITY AND TA GRANTS$964,480
SUB-SAHARAN AFRICA00GRANT MAKINGEMERGENCY FACILITY AND TA GRANTS$1,018,197
LATIN AMERICA00GRANT MAKINGEMERGENCY FACILITY AND TA GRANTS$540,078
EUROPE00GRANT MAKINGEMERGENCY FACILITY AND TA GRANTS$295,024
EAST ASIA AND THE PACIFIC00GRANT MAKINGEMERGENCY FACILITY AND TA GRANTS$50,000
NORTH AMERICA00GRANT MAKINGEMERGENCY FACILITY AND TA GRANTS$124,313
FieldValueIRS element (for citing)
Subtotal Offices6SubtotalOfficesCnt
Subtotal Employees132SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office6TotalOfficeCnt
Total Employee132TotalEmployeeCnt
Subtotal Spent$46,052,519SubtotalSpentAmt
Continuation Spent$7,015,476ContinuationSpentAmt
Total Spent$53,067,995TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (85 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$20,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$12,519WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$20,000WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$50,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$23,850WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$5,000WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$7,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$37,192WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$21,700WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$18,732WIRE TRANSFER
LATIN AMERICAHIRING A PART TIME CONSULTANT TO STRENGTHEN CACAO DE COLOMBIAS CURRENT SUPPLY CHAIN$8,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$25,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$27,376WIRE TRANSFER
SUB-SAHARAN AFRICAENSURING EQUAL OPPORTUNITIES FOR THE WOMEN WORKING AT THE COMPANYS FACTORY THROUGH IMPROVING LOCKER ROOM FACILITIES AND BUILDING A DAYCARE FACILITY$30,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$36,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$46,897WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$30,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$9,650WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$46,810WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$21,000WIRE TRANSFER
SOUTH ASIAENGAGING A CONSULTANT TO STUDY THE IMPACT OF ACCESS TO AFFORDABLE CREDIT AND GOVERNMENT SCHEME ON THE FINANCIAL HEALTH OF MICRO-ENTREPRENEURS IN NAGALAND$59,000WIRE TRANSFER
EAST ASIA AND THE PACIFICGRANT FOR COVID-19 EMERGENCY ASSISTANCE$50,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$24,190WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$20,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$25,785WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$30,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$12,000WIRE TRANSFER
SOUTH ASIAENGAGING A CONSULTANT TO STUDY THE IMPACT OF ACCESS TO AFFORDABLE CREDIT AND GOVERNMENT SCHEME ON THE FINANCIAL HEALTH OF MICRO-ENTREPRENEURS IN NAGALAND$23,600WIRE TRANSFER
NORTH AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$24,313WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$12,502WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$30,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$21,283WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$50,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$21,362WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$30,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$22,500WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$60,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$43,395WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$12,576WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$35,100WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$15,000WIRE TRANSFER
NORTH AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$100,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$11,108WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$7,577WIRE TRANSFER
SUB-SAHARAN AFRICADEVELOP ERP/CRM FOR NEW AND EXISTING PRODUCTS$6,400WIRE TRANSFER
SUB-SAHARAN AFRICAENGAGE AN ADVISOR TO PROVIDE ADVISORY SERVICES FOR ESTABLISHING A PAN AFRICAN HOLDING COMPANY$12,500WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$22,000WIRE TRANSFER
SUB-SAHARAN AFRICAINCREASE ACCESS TO RECYCLING SERVICES FOR RESIDENTS$10,000WIRE TRANSFER
EUROPEFUNDING THE ACQUISITION AND DISTRIBUTION OF EPCS TO RVE.SOLS CUSTOMERS THROUGH AN INNOVATIVE FINANCING APPROACH$166,800WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$34,000WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$383,446WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$24,541WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$50,000WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$100,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$11,180WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$7,900WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$18,500WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$13,804WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$14,100WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$20,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$7,091WIRE TRANSFER
SUB-SAHARAN AFRICAACCELERATOR SCALE-UP AWARD$45,700WIRE TRANSFER
SUB-SAHARAN AFRICAIMPACT START-UP RELIEF FUND$100,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$18,096WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$22,065WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$20,000WIRE TRANSFER
EUROPEGRANT FOR COVID-19 EMERGENCY ASSISTANCE$48,300WIRE TRANSFER
SOUTH ASIAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$50,000WIRE TRANSFER
SUB-SAHARAN AFRICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$11,240WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$10,612WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$9,550WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$5,259WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$5,259WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$5,259WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$14,953WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$5,274WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$23,204WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$29,533WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$18,985WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$26,368WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$8,649WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$9,730WIRE TRANSFER
LATIN AMERICAGRANT FOR COVID-19 EMERGENCY ASSISTANCE$17,523WIRE TRANSFER
EUROPECONNECT AND CULTIVATE A PIPELINE OF SOCIAL CHANGE MAKERS WHO ARE COMMITTED TO TACKLING POVERTY AND/OR INJUSTICE IN THE UNITED KINGDOM$78,774WIRE TRANSFER
SOUTH ASIACONNECT AND CULTIVATE A PIPELINE OF SOCIAL CHANGE MAKERS WHO ARE COMMITTED TO TACKLING POVERTY AND/OR INJUSTICE IN BANGLADESH$145,225WIRE TRANSFER
FieldValueIRS element (for citing)
Total501c3 Org8Total501c3OrgCnt
Total Other Org85TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceGRANT FOR COVID-19 EMERGENCY ASSISTANCETypeOfAssistanceTxt
RegionSUB-SAHARAN AFRICARegionTxt
Recipient3RecipientCnt
Cash Grant$115,545CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 PAKISTAN AND INDIA HAVE INDEPENDENT AUDITS. IN ADDITION TO THE AUDIT, OUR CENTRAL OFFICE FINANCE DEPT IN NEW YORK HAS OVERSIGHT OF THE COUNTRY OFFICES' SPENDING. INVESTMENTS IN THIRD PARTIES ARE PRIMARILY DEBT OR EQUITY INVESTMENTS. RELATIVELY LITTLE IS AN OUTRIGHT GRANT FOR USE BY THE THIRD PARTY. 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 RECORD AND REPUTATION 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. IN 2020, ACUMEN LAUNCHED A COVID-19 EMERGENCY FACILITY TO DEPLOY MUCH-NEEDED CAPITAL TO ACUMEN'S INVESTEES AND FELLOWS, BRIDGING THE CRISIS FOR THEIR VENTURES AND STAFF, AND FUNDING THEIR EFFORTS TO SUPPORT THE MOST VULNERABLE. ENTREPRENEURS APPLIED FOR EMERGENCY FUNDING AND THE APPLICATIONS WERE REVIEWED IN ACCORDANCE WITH ACUMEN'S GRANT DISTRIBUTION PROCEDURES.
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. THESE INVESTMENTS WOULD INCLUDE SUPPORTING CONTRIBUTIONS TO RELATED ENTITIES AND PROGRAM-RELATED INVESTMENTS TO THIRD PARTIES AS PART OF ACUMEN'S CHARITABLE WORK. 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.
PART III ACCOUNTING METHOD:
SCHEDULE F, PART IV, LINE 1, 3 AND LINE 5:THE ORGANIZATION IS REQUIRED TO FILE FORMS 926, 5471, AND FORM 8865.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (35 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtIRC SectionIRCSectionDesc
60 DECIBELS INC
205 EAST 42ND STREET 20TH FLOORNEW YORKNY10017832847769$647,938SUBAWARDS FOR AGRICULTURAL INVESTING RESEARCH PROJECTS
AZAHAR COFFEE COMPANY LLC
325 EAST 77TH STREET APT 6GNEW YORKNY10075453537132$50,000GRANT FOR COVID-19 EMERGENCY ASSISTANCE
AZIMUTH GROUP CORP
1B GRAND ARMY PLAZABROOKLYNNY11238812651720$12,000IMPROVING SALES STRATEGY
BIOLITE INC
65 JAY ST FLOOR 4BROOKLYNNY11201272826296$50,500EXPLORE FINANCING OPPORTUNITIES FOR MODERN COOKING SOLUTIONS AND BETTER UNDERSTAND THE POTENTIAL FOR SCALE
BOULDER CARE INC
208 SW HARVEY MILK ST SUITE 200PORTLANDOR97204822784808$150,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
BRCK INC
12472 LAKE UNDERHILL RD 330ORLANDOFL32828463878519$50,000GRANT FOR COVID-19 EMERGENCY ASSISTANCE
BURN MANUFACTURING CO
18850 103RD AVENUE SW SUITE 220CITY OF VASHON COUNTYWA98070453247706$160,500SUPPORT BURNS PREPARATION TO LAUNCH COMMERCIAL PAYG EPCS AND A PILOT OF 100 PAYG EPCS
BW INDUSTRIES INC
700 VAN NESS AVENUEFRESNOCA93721842292459$100,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
CLIMB CREDIT INC
133 WEST 19TH ST 4TH FLOORNEW YORKNY10011471345761$150,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
CLIMB CREDIT INC
133 WEST 19TH ST 4TH FLOORNEW YORKNY10011471345761$35,000INVEST IN TECHNOLOGY INFRASTRUCTURE TO SCALE THE CAPTURE AND SYNTHESIS OF OUTCOMES DATA
CONSEJOSANO INC
5200 LANKERSHIM BLVD SUITE 310NORTH HOLLYWOODCA91601815164953$150,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
EARNUP INC
2370 MARKET STREET SUITE 203SAN FRANCISCOCA94114463307882$150,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
ENLIGHT INSTITUTE
7669 SOUTH MYRTLE AVETEMPEAZ85284830866066$19,500GRANT FOR COVID-19 EMERGENCY ASSISTANCE
ENZI INC
5668 FREEWILL LNVIRGINIA BEACHVA23464851945912$17,836GRANT FOR COVID-19 EMERGENCY ASSISTANCE
ESUSU FINANCIAL INC
215 WEST 125TH ST SUITE 410NEW YORKNY10027824311750$150,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
EVERYTABLE PBC
230 WEST AVE 26LOS ANGELESCA90031475369929$100,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
HEALTHIFY INC
77 WATER STREET SUITE 2403NEW YORKNY10005463533797$200,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
ID INSIGHT INC
785 MARKET STREET SUITE 200SAN FRANCISCOCA94103274933181$472,274USE STATISTICAL METHODS TO EXPLORE THE CAUSAL LINKS BETWEEN THREE POULTRY COMPANIES AND IMPROVEMENTS IN WELL-BEING FOR FARMER HOUSEHOLDS REARING THEIR CHICKENS501(C)(3)
IMANI COLLECTIVE
10611 GARLAND RD UNIT 102DALLASTX75218451558325$14,514GRANT FOR COVID-19 EMERGENCY ASSISTANCE501(C)(3)
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUECAMBRIDGEMA02139042103594$10,000SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS501(C)(3)
MINDRIGHT HEALTH INC
1 WASHINGTON PLACE 7TH FLOORNEWARKNJ07102842285932$100,000GRANT FOR COVID-19 EMERGENCY ASSISTANCE
MYVILLAGE LLC
300 MAGNOLIA DRIVENEDERLANDCO80466364902854$245,000GRANT FOR COVID-19 EMERGENCY ASSISTANCE AND COMPLETE THE TRAININGS FOR THE FIRST PHASE OF EDUCATOR DEVELOPMENT
REFUSHE INC
1111 N WELLS ST SUITE 307CHICAGOIL60610260239864$12,103GRANT FOR COVID-19 EMERGENCY ASSISTANCE501(C)(3)
REGENTS OF THE UNIVERSITY OF CALIFORNIA
2195 HEARST AVENUE ROOM 159BERKELEYCA947201101946002123$50,000SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS501(C)(3)
REGENTS OF THE UNIVERSITY OF MICHIGAN
PO BOX 223131PITTSBURGHPA15251386006309$10,000SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS501(C)(3)
RESOLVE INNOVATIONS INC
344 20TH STOAKLANDCA94612821027243$100,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
SIMUSOLAR INC
2810 NORTH CHURCH STREET PMB 76691WILMINGTONDE19802472154274$33,247FUNDING THE RESEARCH ON HOW GENDER DIMENSIONS OF SMALLHOLDER FARMERS IMPACT THEIR ADOPTION OF SOLAR IRRIGATION
SOCIAL INVESTMENT MANAGERS AND ADVISORS LLC
157 COLUMBUS AVE SUITE 512NEW YORKNY10023812102783$1,000,000WAREHOUSED LOANS TO ELIGIBLE ENERGY ACCESSCOMPANIES, WHOSE OPERATIONS HAVE BEEN AFFECTED BY THE COVID-19 PANDEMIC, PRIOR TO THE CLOSINGOF THE ENERGY ACCESS RELIEF FUND (EARF)
SOLSTICE POWER TECHNOLOGIES INC
700 MASSACHUSETTS AVENUE STE 38CAMBRIDGEMA02139320493145$50,000GRANT FOR COVID-19 EMERGENCY ASSISTANCE
STARFISH INTERNATIONAL
9599 CLARECASTLE PATHBREWERTONNY130299557261427966$13,028GRANT FOR COVID-19 EMERGENCY ASSISTANCE501(C)(3)
THE RESOLUTION PROJECT INC
420 LEXINGTON AVE SUITE 1626-27NEW YORKNY10170264394051$20,000SUBAWARD TO SUPPORT THE NEXT GENERATION OF SOCIAL INNOVATORS THROUGH THE RESOLUTION PROJECT501(C)(3)
UNIVERSITY OF SAN DIEGO
5998 ALCALA PARKSAN DIEGOCA92110952544535$150,000SUBAWARD TO SUPPORT THE NEXT GENERATION OF SOCIAL INNOVATORS THROUGH THE FOWLER GLOBAL SOCIAL INNOVATION CHALLENGE501(C)(3)
VIRGINIA ORGANIZATION INC
703 CONCORD AVENUECHARLOTTESVILLEVA229035208541674992$10,000SUBAWARD FOR RESEARCH ON COMMUNITY EMPOWERMENT IN POST-CONFLICT REGIONS OF COLOMBIA501(C)(3)
WINDGEN POWER USA INC
19 WERTSVILLE ROADHILLSBOROUGHNJ08844453228803$93,000PILOT ELECTRIC PRESSURE COOKERS (EPCS) WITH A TARGET OF 400 CUSTOMERS BY EOY 2021 TO LEARN ABOUT CONSUMER WILLINGNESS-TO-PAY UNDER TWO DIFFERENT FINANCING SCHEMES: STANDARD CONSUMER LOANS, AND ON BILL FINANCING.
ZING HEALTH ENTERPRISES LP
303 MADISON STREET SUITE 800CHICAGOIL60606850546055$50,000GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF
FieldValueIRS element (for citing)
Total501c3 Org10Total501c3OrgCnt
Total Other Org25TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeIKEA SE EAST AFRICA ACCELERATOR & AEF FUNDSGrantTypeTxt
Recipient2RecipientCnt
Cash Grant$26,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationIN 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. IN 2020, ACUMEN LAUNCHED THE ACUMEN AMERICA COVID-19 EMERGENCY FACILITY TO DEPLOY MUCH-NEEDED CAPITAL TO ACUMEN'S DOMESTIC INVESTEES AND FELLOWS, BRIDGING THE CRISIS FOR THEIR VENTURES AND STAFF, AND FUNDING THEIR EFFORTS TO SUPPORT THE MOST VULNERABLE. ENTREPRENEURS APPLIED FOR EMERGENCY FUNDING AND THE APPLICATIONS WERE REVIEWED IN ACCORDANCE WITH ACUMEN'S GRANT DISTRIBUTION PROCEDURES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JACQUELINE NOVOGRATZ
CEO & DIRECTOR$320,016$0$35,750$0$0$0$10,823$0$18,713$0$385,302$0$0$0
CARLYLE SINGER JONES
PRESIDENT$273,095$0$30,250$0$0$0$9,158$0$9,649$0$322,152$0$0$0
WILLIAM CHARNOCK
CHIEF MARKETING OFFICER$247,210$0$22,500$0$0$0$8,241$0$18,776$0$296,727$0$0$0
JACQUELINE WOO
CHIEF FINANCIAL OFFICER$202,617$0$26,670$0$0$0$7,154$0$29,420$0$265,861$0$0$0
OTHO EDGAR KERR
CHIEF INVESTMENT OFFICER$245,935$0$0$0$0$0$6,250$0$11,809$0$263,994$0$0$0
LYNN ROLAND
BOARD SECRETARY / GENERAL COUNSEL$198,069$0$25,984$0$0$0$6,972$0$28,625$0$259,650$0$0$0
YASMINA ZAIDMAN CHIEF
STRATEGIC PARTNERSHIPS OFFICER$206,400$0$25,575$0$0$0$6,959$0$390$0$239,324$0$0$0
AMRITA BHANDARI
CHIEF OF BUSINESS DEVELOPMENT$198,990$0$26,899$0$0$0$6,777$0$390$0$233,056$0$0$0
CATHERINE C NANDA
DIRECTOR, ACUMEN AMERICA$178,944$0$17,100$0$0$0$6,102$0$27,651$0$229,797$0$0$0
JOANNA MCQUADE
DIRECTOR, TALENT$182,995$0$23,767$0$0$0$6,260$0$9,649$0$222,671$0$0$0
AMON ANDERSON
DIRECTOR, ACUMEN AMERICA$167,958$0$25,825$0$0$0$5,874$0$9,771$0$209,428$0$0$0
ELEANOR MURPHY HEAD OF
BUSINESS DEVELOPMENT, EAST COAST$148,024$0$16,500$0$0$0$5,073$0$16,330$0$185,927$0$0$0
JO-ANN TAN
DIRECTOR, LEADERSHIP$157,700$0$16,353$0$0$0$5,221$0$390$0$179,664$0$0$0
ALEXANDRA TRABULSI HEAD OF
BUSINESS DEVELOPMENT, WEST COAST$152,600$0$21,000$0$0$0$5,208$0$390$0$179,198$0$0$0
SABRINA LEE ORTEGA SANCHEZ
HEAD OF BUSINESS DEV., FOUNDATIONS$139,928$0$11,169$0$0$0$4,607$0$10,216$0$165,920$0$0$0
BATOOL HASSAN
DIRECTOR, LEADERSHIP$144,500$0$14,555$0$0$0$4,772$0$390$0$164,217$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationACUMEN 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.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution11ContributionCnt
Noncash Contributions Rpt F990$684,847NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE 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 12/31/20 IS $168,754.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHE 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 CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE THE CONFLICT AND 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 15THE ORGANIZATION ANNUALLY REVIEWS COMPARABLE COMPENSATION DATA FOR ITS NON-PROFIT PEER GROUP AND SIMILAR ORGANIZATIONS IN THE FOR-PROFIT PRIVATE SECTOR. 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. 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 19THE 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 XI, LINE 9:FOREIGN CURRENCY TRANSLATION LOSS 73,517. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 17,451. ASSET TRANSFERS -361,307.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtLegal Domicile StateLegalDomicileStateCd
ACUMEN CAPITAL PARTNERS (ARAF) LTD
40 WORTH STREET SUITE 303NEW YORKNY10013981546121FINANCIAL SERVICESKE$34,978$130,050ACUMEN CAPITAL PARTNERS LLC
ACUMEN CAPITAL PARTNERS (EA) LTD
40 WORTH STREET SUITE 303NEW YORKNY10013981551441FUND MANAGERKE$243,576$223,066ACUMEN CAPITAL PARTNERS LLC
ACUMEN CAPITAL MARKET INVESTMENTS LLC
40 WORTH STREET SUITE 303NEW YORKNY10013364796906CARRYING VEHICLEACUMEN CAPITAL PARTNERS LLCDE
ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC
40 WORTH STREET SUITE 303NEW YORKNY10013831263292CARRYING VEHICLEACUMEN CAPITAL PARTNERS LLCDE

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndForeign PostalForeignAddress/ForeignPostalCd
ACUMEN (PAKISTAN)
11 - C 4TH FL 1ST COMMERCIAL LANKARACHIPKINVESTING IN SOCIAL ENTERPRISEPK501(C)(3)ACUMEN FUND INCYes (1)
ACUMEN FUND CANADA
700 WEST GEORGIA STREET 25TH FLOORVANCOUVERCAALLEVIATE POVERTYCA501(C)(3)ACUMEN FUND INCYes (1)V7Y 1B3
AF TRUST
201 DHEERAJI PLAZA HILL ROAD BANMUMBAIINLEADERSHIPIN501(C)(3)ACUMEN FUND INCYes (1)400050
ACUMEN FUND WEST AFRICA LTDGTE
PLOT 18 SIKIRU ALADE OLOKO CRESCENTLAGOSNIINVESTING IN SOCIAL ENTERPRISESNI501(C)(3)ACUMEN FUND INCYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndUBI Code VUBICodeVAmtGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
ACUMEN CAPITAL MARKETS ILP
40 WORTH STREET STE 303NEW YORKNY10013263831409INVESTING IN SOCIAL ENTERPRISESDEACUMEN FUND INCRELATED$50,547$1,214,8850$31,790Yes (1)0.16240
KAWISAFI VENTURES LIMITED
320466550INVESTING IN SOCIAL ENTERPRISESACUMEN CAPITAL PARTNERS LLCRELATED$32,313$10,368,118000.28540C/O ESTERA MANAGEMENT MAURITIUS LPORT LOUISMPMP
ACUMEN LATIN AMERICA EARLY GROWTH FUND LP
40 WORTH STREET STE 303NEW YORKNY10013981364491INVESTING IN SOCIAL ENTERPRISESACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLCRELATED$8,003$488,794000.03620CA
ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC
40 WORTH STREET STE 303NEW YORKNY10013820973614INVESTING IN SOCIAL ENTERPRISESDEACUMEN CAPITAL PARTNERS LLCRELATED0Yes (1)
ACUMEN RESILIENT AGRICULTURE FUND LP
40 WORTH STREET STE 303NEW YORKNY10013981496984INVESTING IN SOCIAL ENTERPRISESACUMEN CAPITAL PARTNERS LLCRELATED$4,828$406,416000.04730CA

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (6 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINLegal Domicile StateLegalDomicileStateCd
ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD
203 DHEERAJ PLAZA HILL ROAD BANDRAMUMBAIIN400050ADVISORY SERVICESINACUMEN FUND INCC$813,325$1,706,7870.99900Yes (1)
ACUMEN CAPITAL PARTNERS LLC
FUND MANAGERACUMEN FUND INCC$3,597,877$4,776,1341.00000Yes (1)40 WORTH STREET STE 303NEW YORKNY10013320450985DE
ACUMEN CAPITAL HOLDING LLC
HOLDING COMPANYACUMEN FUND INCC$46,6851.00000Yes (1)40 WORTH STREET STE 303NEW YORKNY10013820758236DE
UNDER THE MANGO TREE
A 412 BYCULLA SERVICE INDUSTRIES CMUMBAIINBEEKEEPINGINACUMEN FUND INCC0.82140Yes (1)
ACUMEN EA ADVISORY SERVICES LTDGTE
3RD FLOOR ABC TOWERS WAIYAKI WAYNAIROBIKEADVISORY SERVICESKEACUMEN FUND INCC$1,642,744$838,5581.00000Yes (1)
ACUMEN EAST AFRICA INSTITUTE LIMITED
3RD FLOOR ABC TOWERS WAIYAKI WAYNAIROBIKENO ACTIVITYKEACUMEN FUND INCC1.00000Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationYes (1)DivRelatedOrganizationInd
Asset Sale To Other OrgYes (1)AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (8 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ACUMEN FUND WEST AFRICA LTDGTE
B$981,514COST
ACUMEN EA ADVISORY SERVICES LTD
B$230,912COST
ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED
F$143,023COST
ACUMEN EA ADVISORY SERVICES LTD
G$370,191FMV
ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED
M$678,342FMV
ACUMEN EA ADVISORY SERVICES LTD
M$1,639,016FMV
ACUMEN RESILIENT AGRICULTURE FUND LP
Q$183,333COST
ACUMEN CAPITAL PARTNERS LLC
Q$180,534COST

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART III:FormAndLineReferenceDesc
ExplanationACUMEN FUND, INC. DIRECTLY INVESTS IN KAWISAFI VENTURES LIMITED ("KAWISAFI"). ACUMEN CAPITAL PARTNERS, LLC ("ACP") WHICH IS SOLELY OWNED BY ACUMEN FUND, INC. IS A MANAGING MEMBER OF KAWISAFI AND ACP OWNS 100% OF ACUMEN CAPITAL MARKETS INVESTMENT, LLC WHICH WAS ESTABLISHED TO HOLD SHARES IN KAWISAFI. ACUMEN FUND, INC. DIRECTLY INVESTS IN ACUMEN LATIN AMERICA EARLY GROWTH FUND, LP ("ALAEG"). ACP WHICH IS SOLELY OWNED BY ACUMEN FUND, INC. OWNS 49% OF ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC WHICH IS A GENERAL PARTNER OF ALAEG. ACP IS THE GENERAL PARTNER OF ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC. ACP IS 100% OWNED BY ACUMEN FUND, INC. ACUMEN FUND, INC. THROUGH ACP THROUGH ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC (A DISREGARDED ENTITY TO ACP) IS A GENERAL PARTNER TO ACUMEN RESILIENT AGRICULTURE FUND LP.ExplanationTxt

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