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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T16:44:59-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 CITY SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134166228 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACUMEN FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ACUM | BusinessNameControlTxt |
| Phone | 2125668821 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WORTH STREET NO 303 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10013 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACQUELINE WOO | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 2125668821 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JACQUELINE | PersonFirstNm |
| Person Last | WOO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LYNNE JOHNSON | PreparerPersonNm |
| PTIN | P00757336 | PTIN |
| Phone | 6179129000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JACQUELINE NOVOGRATZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WORTH STREET NO 303 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $33,005,882 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ACUMEN.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | OUR 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 Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 88 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $31,790 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $25,461 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $25,402,570 | PYContributionsGrantsAmt |
| CY Contributions Grants | $24,665,203 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,317,027 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,833,283 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,756,044 | PYInvestmentIncomeAmt |
| CY Investment Income | $525,861 | CYInvestmentIncomeAmt |
| PY Other Revenue | $491,207 | PYOtherRevenueAmt |
| CY Other Revenue | $833,789 | CYOtherRevenueAmt |
| PY Total Revenue | $30,966,848 | PYTotalRevenueAmt |
| CY Total Revenue | $28,858,136 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,119,886 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,644,532 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,801,378 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,893,930 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $3,316,680 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,409,992 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,648,613 | PYOtherExpensesAmt |
| CY Other Expenses | $10,850,835 | CYOtherExpensesAmt |
| PY Total Expenses | $29,886,557 | PYTotalExpensesAmt |
| CY Total Expenses | $28,389,297 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,080,291 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $468,839 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $140,919,171 | TotalAssetsBOYAmt |
| Total Assets EOY | $141,486,235 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,039,812 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,408,376 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $135,879,359 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $136,077,859 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ACUMEN 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 Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $14,702,350 | ExpenseAmt |
| Grant | $5,050,485 | GrantAmt |
| Revenue | $2,598,741 | RevenueAmt |
| Desc | INVESTING 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,228,727 | ExpenseAmt |
| Grant | $2,362,333 | GrantAmt |
| Revenue | $219,542 | RevenueAmt |
| Desc | FELLOWS 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,498,304 | ExpenseAmt |
| Grant | $231,714 | GrantAmt |
| Revenue | $15,000 | RevenueAmt |
| Desc | IMPACT 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $24,429,381 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 59 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 88 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | MP | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | PK | ForeignCountryCd |
| Foreign Country | CO | ForeignCountryCd |
| Foreign Country | GH | ForeignCountryCd |
| Foreign Country | KE | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACQUELINE WOO CHIEF FINANCIAL OFFICER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6467473958 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WORTH STREET NO 303 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10013 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| JACQUELINE NOVOGRATZ | |||||||||
| CEO & DIRECTOR | 39.00 | 1.00 | Yes (X) | Yes (X) | $355,766 | $0 | $29,536 | ||
| CARLYLE SINGER JONES | |||||||||
| PRESIDENT | 39.00 | 1.00 | Yes (X) | $303,345 | $0 | $18,807 | |||
| WILLIAM CHARNOCK | |||||||||
| CHIEF MARKETING OFFICER | 40.00 | 0.00 | $269,710 | $0 | $27,017 | Yes (X) | |||
| JACQUELINE WOO | |||||||||
| CHIEF FINANCIAL OFFICER | 33.50 | 6.50 | Yes (X) | $229,287 | $0 | $36,574 | |||
| OTHO EDGAR KERR | |||||||||
| CHIEF INVESTMENT OFFICER | 40.00 | 0.00 | $245,935 | $0 | $18,059 | Yes (X) | |||
| LYNN ROLAND | |||||||||
| BOARD SECRETARY / GENERAL COUNSEL | 34.00 | 6.00 | Yes (X) | $224,053 | $0 | $35,597 | |||
| YASMINA ZAIDMAN CHIEF | |||||||||
| STRATEGIC PARTNERSHIPS OFFICER | 40.00 | 0.00 | $231,975 | $0 | $7,349 | Yes (X) | |||
| AMRITA BHANDARI | |||||||||
| CHIEF OF BUSINESS DEVELOPMENT | 40.00 | 0.00 | $225,889 | $0 | $7,167 | Yes (X) | |||
| CATHERINE C NANDA | |||||||||
| DIRECTOR, ACUMEN AMERICA | 40.00 | 0.00 | $196,044 | $0 | $33,753 | Yes (X) | |||
| JOANNA MCQUADE | |||||||||
| DIRECTOR, TALENT | 40.00 | 0.00 | $206,762 | $0 | $15,909 | Yes (X) | |||
| AMON ANDERSON | |||||||||
| DIRECTOR, ACUMEN AMERICA | 40.00 | 0.00 | $193,783 | $0 | $15,645 | Yes (X) | |||
| ELEANOR MURPHY HEAD OF | |||||||||
| BUSINESS DEVELOPMENT, EAST COAST | 39.50 | 0.50 | $164,524 | $0 | $21,403 | Yes (X) | |||
| JO-ANN TAN | |||||||||
| DIRECTOR, LEADERSHIP | 40.00 | 0.00 | $174,053 | $0 | $5,611 | Yes (X) | |||
| ALEXANDRA TRABULSI HEAD OF | |||||||||
| BUSINESS DEVELOPMENT, WEST COAST | 40.00 | 0.00 | $173,600 | $0 | $5,598 | Yes (X) | |||
| SABRINA LEE ORTEGA SANCHEZ | |||||||||
| HEAD OF BUSINESS DEV., FOUNDATIONS | 40.00 | 0.00 | $151,097 | $0 | $14,823 | Yes (X) | |||
| BATOOL HASSAN | |||||||||
| DIRECTOR, LEADERSHIP | 40.00 | 0.00 | $159,055 | $0 | $5,162 | Yes (X) | |||
| MARGO ALEXANDER | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| C HUNTER BOLL | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHLEEN CHEW WAI LIN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STUART DAVIDSON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JULIUS GAUDIO | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NATHAN LAURELL | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CRISTINA LJUNGBERG | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAT MITCHELL | |||||||||
| DIRECTOR (UNTIL 5/1/20) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KIRSTEN NEVILL-MANNING | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KAREN PATERSON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THULASIRAJ RAVILLA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREA SOROS COLOMBEL | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK TERCEK | |||||||||
| DIRECTOR (FROM 5/1/20) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHAIZA RIZAVI | |||||||||
| BOARD CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,504,878 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $298,010 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 26 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LAFAYETTE AMERICA LLC | |||||
| 4892 GRAND RIVER AVE SUITE 1B | DETROIT | MI | 48208 | WEB PLATFORM DESIGN | $211,500 |
| 60 DECIBELS INC | |||||
| 205 E 42ND ST FLOOR 20 | NEW YORK | NY | 10017 | DATABASE MANAGEMENT | $201,241 |
| WALL STREET IT MANAGEMENT | |||||
| 40 WEST 37TH STREET SUITE 1003 | NEW YORK | NY | 10018 | IT MANAGEMENT SERVICES | $171,668 |
| ADP TOTALSOURCE GROUP INC | |||||
| 10200 SUNSET DRIVE | MIAMI | FL | 33173 | PEO SERVICES | $168,754 |
| THE BUSARA CENTER FOR BEHAVIORAL ECONOMI | |||||
| PO BOX 1340 | PRINCETON | NJ | 08540 | BEHAVIORAL SCIENCE CONSULTING | $146,532 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,711,767 | GovernmentGrantsAmt |
| All Other Contributions | $22,953,436 | AllOtherContributionsAmt |
| Noncash Contributions | $684,847 | NoncashContributionsAmt |
| Total Contributions | $24,665,203 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PGM RELATED LOAN INCOME | 900099 | $2,405,920 | $2,405,920 |
| PROGRAM FEES | 900099 | $382,399 | $382,399 |
| PORTFOLIO DILIGENCE FEE INCOME | 900099 | $44,964 | $44,964 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,833,283 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $247,952 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $31,790 | UnrelatedBusinessRevenueAmt |
| Exclusion | $216,162 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,264,957 | SecuritiesAmt |
| Other | $160,698 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,141,257 | SecuritiesAmt |
| Other | $6,489 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $123,700 | SecuritiesAmt |
| Other | $154,209 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $277,909 | TotalRevenueColumnAmt |
| Exclusion | $277,909 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| DEVELOPMENT COST REIMBURSEMENT | 900099 | $825,693 | $825,693 |
| REIMBURSEMENT/OTHER | 900099 | $8,096 | $8,096 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $833,789 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,858,136 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,833,283 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $31,790 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,327,860 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,626,440 | TotalAmt |
| Program Services | $4,626,440 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,000 | TotalAmt |
| Program Services | $26,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,992,092 | TotalAmt |
| Program Services | $2,992,092 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,017,630 | TotalAmt |
| Program Services | $2,525,745 | ProgramServicesAmt |
| Management And General | $246,762 | ManagementAndGeneralAmt |
| Fundraising | $245,123 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,418 | TotalAmt |
| Program Services | $233,418 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,185,502 | TotalAmt |
| Program Services | $3,409,313 | ProgramServicesAmt |
| Management And General | $385,896 | ManagementAndGeneralAmt |
| Fundraising | $1,390,293 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,692 | TotalAmt |
| Program Services | $168,702 | ProgramServicesAmt |
| Management And General | $18,412 | ManagementAndGeneralAmt |
| Fundraising | $49,578 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $572,187 | TotalAmt |
| Program Services | $406,673 | ProgramServicesAmt |
| Management And General | $46,096 | ManagementAndGeneralAmt |
| Fundraising | $119,418 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $648,501 | TotalAmt |
| Program Services | $476,628 | ProgramServicesAmt |
| Management And General | $53,520 | ManagementAndGeneralAmt |
| Fundraising | $118,353 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,536 | TotalAmt |
| Program Services | $92,798 | ProgramServicesAmt |
| Management And General | $13,651 | ManagementAndGeneralAmt |
| Fundraising | $34,087 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,481 | TotalAmt |
| Program Services | $83,090 | ProgramServicesAmt |
| Management And General | $64,391 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,050 | TotalAmt |
| Program Services | $83,542 | ProgramServicesAmt |
| Management And General | $26,454 | ManagementAndGeneralAmt |
| Fundraising | $26,054 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,215,776 | TotalAmt |
| Program Services | $2,042,298 | ProgramServicesAmt |
| Management And General | $98,881 | ManagementAndGeneralAmt |
| Fundraising | $74,597 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,331 | TotalAmt |
| Program Services | $112,437 | ProgramServicesAmt |
| Management And General | $3,431 | ManagementAndGeneralAmt |
| Fundraising | $463 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,131 | TotalAmt |
| Program Services | $130,162 | ProgramServicesAmt |
| Management And General | $30,287 | ManagementAndGeneralAmt |
| Fundraising | $38,682 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $555,854 | TotalAmt |
| Program Services | $357,138 | ProgramServicesAmt |
| Management And General | $102,486 | ManagementAndGeneralAmt |
| Fundraising | $96,230 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $678,258 | TotalAmt |
| Program Services | $479,661 | ProgramServicesAmt |
| Management And General | $50,386 | ManagementAndGeneralAmt |
| Fundraising | $148,211 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,033 | TotalAmt |
| Program Services | $133,196 | ProgramServicesAmt |
| Management And General | $5,570 | ManagementAndGeneralAmt |
| Fundraising | $12,267 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,340 | TotalAmt |
| Program Services | $25,684 | ProgramServicesAmt |
| Management And General | $4,399 | ManagementAndGeneralAmt |
| Fundraising | $6,257 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,551 | TotalAmt |
| Management And General | $8,551 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,668 | TotalAmt |
| Program Services | $112,267 | ProgramServicesAmt |
| Management And General | $5,627 | ManagementAndGeneralAmt |
| Fundraising | $19,774 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,956 | TotalAmt |
| Program Services | $51,362 | ProgramServicesAmt |
| Management And General | $6,478 | ManagementAndGeneralAmt |
| Fundraising | $17,116 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,061 | TotalAmt |
| Program Services | $2,933 | ProgramServicesAmt |
| Management And General | $61,022 | ManagementAndGeneralAmt |
| Fundraising | $106 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,389,297 | TotalAmt |
| Program Services | $24,429,381 | ProgramServicesAmt |
| Management And General | $1,549,924 | ManagementAndGeneralAmt |
| Fundraising | $2,409,992 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $487,896 | BOYAmt |
| EOY | $627,646 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,765,207 | BOYAmt |
| EOY | $47,907,426 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,288,449 | BOYAmt |
| EOY | $13,088,483 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,841,125 | BOYAmt |
| EOY | $1,319,585 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,413,075 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $750,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,654 | BOYAmt |
| EOY | $278,918 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $369,758 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $217,493 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305,181 | BOYAmt |
| EOY | $152,265 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,959 | BOYAmt |
| EOY | $610,261 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,055,890 | BOYAmt |
| EOY | $75,846,773 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $882,735 | BOYAmt |
| EOY | $904,878 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,919,171 | BOYAmt |
| EOY | $141,486,235 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,847,209 | BOYAmt |
| EOY | $2,211,182 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $804,470 | BOYAmt |
| EOY | $648,534 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,388,133 | BOYAmt |
| EOY | $2,548,660 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,039,812 | BOYAmt |
| EOY | $5,408,376 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,591,977 | BOYAmt |
| EOY | $99,487,137 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,287,382 | BOYAmt |
| EOY | $36,590,722 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,879,359 | BOYAmt |
| EOY | $136,077,859 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,919,171 | BOYAmt |
| EOY | $141,486,235 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $468,839 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$270,339 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $29,176,704 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,693,548 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $35,753,189 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,402,570 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,665,203 | CurrentTaxYearAmt |
| Total | $142,691,214 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $29,176,704 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,693,548 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $35,753,189 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,402,570 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,665,203 | CurrentTaxYearAmt |
| Total | $142,691,214 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $32,756,621 | SubstantialContributorsTotAmt |
| Public Support Total170 | $109,934,593 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $96,765 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $73,572 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $78,195 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $284,685 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $216,162 | CurrentTaxYearAmt |
| Total | $749,379 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $60,770 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $29,290 | CurrentTaxYearAmt |
| Total | $90,060 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $554,566 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $162,649 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $272,711 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $491,207 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $833,789 | CurrentTaxYearAmt |
| Total | $2,314,922 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $145,845,575 | TotalSupportAmt |
| Public Support CY170 | 0.75380 | PublicSupportCY170Pct |
| Public Support PY170 | 0.71120 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER FEES/INCOME - 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $47,649 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,981 | DepreciationAmt |
| Book Value | $26,668 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $177,152 | OtherCostOrOtherBasisAmt |
| Depreciation | $120,057 | DepreciationAmt |
| Book Value | $57,095 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $144,957 | OtherCostOrOtherBasisAmt |
| Depreciation | $76,455 | DepreciationAmt |
| Book Value | $68,502 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $152,265 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (13 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PROGRAM RELATED EQUITY INVESTMENTS - NORTH AMERICA | $21,351,587 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA | $4,295,394 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA | $16,881,165 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA | $3,805,003 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - EUROPE | $1,918,528 | C |
| PROGRAM RELATED DEBT INVESTMENTS - CENTRAL AMERICA AND THE CARRIBEAN | $275,000 | C |
| PROGRAM RELATED DEBT INVESTMENTS - EUROPE | $700,000 | C |
| PROGRAM RELATED DEBT INVESTMENTS - NORTH AMERICA | $8,689,737 | C |
| PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA | $1,529,987 | C |
| PROGRAM RELATED DEBT INVESTMENTS - S.ASIA | $898,153 | C |
| PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA | $922,353 | C |
| PROGRAM RELATED PARTNERSHIP INVESTMENTS - NORTH AMERICA | $2,249,811 | C |
| PROGRAM RELATED PARTNERSHIP INVESTMENTS - SUB-SAHARAN AFRICA | $12,330,055 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $75,846,773 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| RETURNABLE GRANT CAPITAL | $1,388,133 |
| PAYCHECK PROTECTION PROGRAM | $1,171,555 |
| INTERCOMPANY LOAN | -$11,028 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,548,660 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ACUMEN 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (17 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| SOUTH ASIA | 2 | 26 | PROGRAM SERVICES | PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM | $678,342 |
| SUB-SAHARAN AFRICA | 2 | 46 | PROGRAM SERVICES | PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM | $2,620,530 |
| LATIN AMERICA | 1 | 36 | PROGRAM SERVICES | PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM | $1,038,139 |
| EUROPE | 1 | 18 | PROGRAM SERVICES | LEADERSHIP PROGRAM AND FUNDRAISING | $940,749 |
| NORTH AMERICA | 0 | 6 | PROGRAM SERVICES | LEADERSHIP PROGRAM | $112,650 |
| SOUTH ASIA | 0 | 0 | PROGRAM RELATED INVESTMENT | $17,779,318 | |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM RELATED INVESTMENT | $18,155,435 | |
| LATIN AMERICA | 0 | 0 | PROGRAM RELATED INVESTMENT | $4,727,356 | |
| EUROPE | 0 | 0 | PROGRAM RELATED INVESTMENT | $2,618,528 | |
| NORTH AMERICA | 0 | 0 | PROGRAM RELATED INVESTMENT | $1,129,856 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM RELATED INVESTMENT | $275,000 | |
| SOUTH ASIA | 0 | 0 | GRANT MAKING | EMERGENCY FACILITY AND TA GRANTS | $964,480 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANT MAKING | EMERGENCY FACILITY AND TA GRANTS | $1,018,197 |
| LATIN AMERICA | 0 | 0 | GRANT MAKING | EMERGENCY FACILITY AND TA GRANTS | $540,078 |
| EUROPE | 0 | 0 | GRANT MAKING | EMERGENCY FACILITY AND TA GRANTS | $295,024 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANT MAKING | EMERGENCY FACILITY AND TA GRANTS | $50,000 |
| NORTH AMERICA | 0 | 0 | GRANT MAKING | EMERGENCY FACILITY AND TA GRANTS | $124,313 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 6 | SubtotalOfficesCnt |
| Subtotal Employees | 132 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 6 | TotalOfficeCnt |
| Total Employee | 132 | TotalEmployeeCnt |
| Subtotal Spent | $46,052,519 | SubtotalSpentAmt |
| Continuation Spent | $7,015,476 | ContinuationSpentAmt |
| Total Spent | $53,067,995 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (85 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $20,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $12,519 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $20,000 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $50,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $23,850 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $5,000 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $7,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $37,192 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $21,700 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $18,732 | WIRE TRANSFER |
| LATIN AMERICA | HIRING A PART TIME CONSULTANT TO STRENGTHEN CACAO DE COLOMBIAS CURRENT SUPPLY CHAIN | $8,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $25,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $27,376 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | ENSURING EQUAL OPPORTUNITIES FOR THE WOMEN WORKING AT THE COMPANYS FACTORY THROUGH IMPROVING LOCKER ROOM FACILITIES AND BUILDING A DAYCARE FACILITY | $30,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $36,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $46,897 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $30,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $9,650 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $46,810 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $21,000 | WIRE TRANSFER |
| SOUTH ASIA | ENGAGING A CONSULTANT TO STUDY THE IMPACT OF ACCESS TO AFFORDABLE CREDIT AND GOVERNMENT SCHEME ON THE FINANCIAL HEALTH OF MICRO-ENTREPRENEURS IN NAGALAND | $59,000 | WIRE TRANSFER |
| EAST ASIA AND THE PACIFIC | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $50,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $24,190 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $20,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $25,785 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $30,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $12,000 | WIRE TRANSFER |
| SOUTH ASIA | ENGAGING A CONSULTANT TO STUDY THE IMPACT OF ACCESS TO AFFORDABLE CREDIT AND GOVERNMENT SCHEME ON THE FINANCIAL HEALTH OF MICRO-ENTREPRENEURS IN NAGALAND | $23,600 | WIRE TRANSFER |
| NORTH AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $24,313 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $12,502 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $30,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $21,283 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $50,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $21,362 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $30,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $22,500 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $60,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $43,395 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $12,576 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $35,100 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $15,000 | WIRE TRANSFER |
| NORTH AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $100,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $11,108 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $7,577 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | DEVELOP ERP/CRM FOR NEW AND EXISTING PRODUCTS | $6,400 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | ENGAGE AN ADVISOR TO PROVIDE ADVISORY SERVICES FOR ESTABLISHING A PAN AFRICAN HOLDING COMPANY | $12,500 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $22,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | INCREASE ACCESS TO RECYCLING SERVICES FOR RESIDENTS | $10,000 | WIRE TRANSFER |
| EUROPE | FUNDING THE ACQUISITION AND DISTRIBUTION OF EPCS TO RVE.SOLS CUSTOMERS THROUGH AN INNOVATIVE FINANCING APPROACH | $166,800 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $34,000 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $383,446 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $24,541 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $50,000 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $100,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $11,180 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $7,900 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $18,500 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $13,804 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $14,100 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $20,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $7,091 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | ACCELERATOR SCALE-UP AWARD | $45,700 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | IMPACT START-UP RELIEF FUND | $100,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $18,096 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $22,065 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $20,000 | WIRE TRANSFER |
| EUROPE | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $48,300 | WIRE TRANSFER |
| SOUTH ASIA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $50,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $11,240 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $10,612 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $9,550 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $5,259 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $5,259 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $5,259 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $14,953 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $5,274 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $23,204 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $29,533 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $18,985 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $26,368 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $8,649 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $9,730 | WIRE TRANSFER |
| LATIN AMERICA | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | $17,523 | WIRE TRANSFER |
| EUROPE | CONNECT AND CULTIVATE A PIPELINE OF SOCIAL CHANGE MAKERS WHO ARE COMMITTED TO TACKLING POVERTY AND/OR INJUSTICE IN THE UNITED KINGDOM | $78,774 | WIRE TRANSFER |
| SOUTH ASIA | CONNECT AND CULTIVATE A PIPELINE OF SOCIAL CHANGE MAKERS WHO ARE COMMITTED TO TACKLING POVERTY AND/OR INJUSTICE IN BANGLADESH | $145,225 | WIRE TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 85 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | TypeOfAssistanceTxt |
| Region | SUB-SAHARAN AFRICA | RegionTxt |
| Recipient | 3 | RecipientCnt |
| Cash Grant | $115,545 | CashGrantAmt |
| Manner Of Cash Disbursement | WIRE TRANSFER | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE ORGANIZATION MAKES LARGE GRANTS TO ITS RELATED ENTITIES TO FUND THEIR OPERATIONS, THE ACTIVITIES OF WHICH ARE MONITORED BY THE ORGANIZATION. ACUMEN MONITORS THE ACTIVITY OF ITS RELATED ENTITIES BY ANALYZING EXPENDITURES AND COMPARING ACTUAL PERFORMANCE TO BUDGETED AMOUNTS, AND BY MAINTAINING DIRECT OVERSIGHT OF THE ACTIVITIES CONDUCTED AND EXPENDITURES INCURRED. OUR AFFILIATES IN 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (35 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|
| 60 DECIBELS INC | |||||||
| 205 EAST 42ND STREET 20TH FLOOR | NEW YORK | NY | 10017 | 832847769 | $647,938 | SUBAWARDS FOR AGRICULTURAL INVESTING RESEARCH PROJECTS | |
| AZAHAR COFFEE COMPANY LLC | |||||||
| 325 EAST 77TH STREET APT 6G | NEW YORK | NY | 10075 | 453537132 | $50,000 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | |
| AZIMUTH GROUP CORP | |||||||
| 1B GRAND ARMY PLAZA | BROOKLYN | NY | 11238 | 812651720 | $12,000 | IMPROVING SALES STRATEGY | |
| BIOLITE INC | |||||||
| 65 JAY ST FLOOR 4 | BROOKLYN | NY | 11201 | 272826296 | $50,500 | EXPLORE FINANCING OPPORTUNITIES FOR MODERN COOKING SOLUTIONS AND BETTER UNDERSTAND THE POTENTIAL FOR SCALE | |
| BOULDER CARE INC | |||||||
| 208 SW HARVEY MILK ST SUITE 200 | PORTLAND | OR | 97204 | 822784808 | $150,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| BRCK INC | |||||||
| 12472 LAKE UNDERHILL RD 330 | ORLANDO | FL | 32828 | 463878519 | $50,000 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | |
| BURN MANUFACTURING CO | |||||||
| 18850 103RD AVENUE SW SUITE 220 | CITY OF VASHON COUNTY | WA | 98070 | 453247706 | $160,500 | SUPPORT BURNS PREPARATION TO LAUNCH COMMERCIAL PAYG EPCS AND A PILOT OF 100 PAYG EPCS | |
| BW INDUSTRIES INC | |||||||
| 700 VAN NESS AVENUE | FRESNO | CA | 93721 | 842292459 | $100,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| CLIMB CREDIT INC | |||||||
| 133 WEST 19TH ST 4TH FLOOR | NEW YORK | NY | 10011 | 471345761 | $150,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| CLIMB CREDIT INC | |||||||
| 133 WEST 19TH ST 4TH FLOOR | NEW YORK | NY | 10011 | 471345761 | $35,000 | INVEST IN TECHNOLOGY INFRASTRUCTURE TO SCALE THE CAPTURE AND SYNTHESIS OF OUTCOMES DATA | |
| CONSEJOSANO INC | |||||||
| 5200 LANKERSHIM BLVD SUITE 310 | NORTH HOLLYWOOD | CA | 91601 | 815164953 | $150,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| EARNUP INC | |||||||
| 2370 MARKET STREET SUITE 203 | SAN FRANCISCO | CA | 94114 | 463307882 | $150,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| ENLIGHT INSTITUTE | |||||||
| 7669 SOUTH MYRTLE AVE | TEMPE | AZ | 85284 | 830866066 | $19,500 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | |
| ENZI INC | |||||||
| 5668 FREEWILL LN | VIRGINIA BEACH | VA | 23464 | 851945912 | $17,836 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | |
| ESUSU FINANCIAL INC | |||||||
| 215 WEST 125TH ST SUITE 410 | NEW YORK | NY | 10027 | 824311750 | $150,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| EVERYTABLE PBC | |||||||
| 230 WEST AVE 26 | LOS ANGELES | CA | 90031 | 475369929 | $100,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| HEALTHIFY INC | |||||||
| 77 WATER STREET SUITE 2403 | NEW YORK | NY | 10005 | 463533797 | $200,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| ID INSIGHT INC | |||||||
| 785 MARKET STREET SUITE 200 | SAN FRANCISCO | CA | 94103 | 274933181 | $472,274 | USE STATISTICAL METHODS TO EXPLORE THE CAUSAL LINKS BETWEEN THREE POULTRY COMPANIES AND IMPROVEMENTS IN WELL-BEING FOR FARMER HOUSEHOLDS REARING THEIR CHICKENS | 501(C)(3) |
| IMANI COLLECTIVE | |||||||
| 10611 GARLAND RD UNIT 102 | DALLAS | TX | 75218 | 451558325 | $14,514 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | 501(C)(3) |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | |||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | 042103594 | $10,000 | SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS | 501(C)(3) |
| MINDRIGHT HEALTH INC | |||||||
| 1 WASHINGTON PLACE 7TH FLOOR | NEWARK | NJ | 07102 | 842285932 | $100,000 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | |
| MYVILLAGE LLC | |||||||
| 300 MAGNOLIA DRIVE | NEDERLAND | CO | 80466 | 364902854 | $245,000 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE AND COMPLETE THE TRAININGS FOR THE FIRST PHASE OF EDUCATOR DEVELOPMENT | |
| REFUSHE INC | |||||||
| 1111 N WELLS ST SUITE 307 | CHICAGO | IL | 60610 | 260239864 | $12,103 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | 501(C)(3) |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA | |||||||
| 2195 HEARST AVENUE ROOM 159 | BERKELEY | CA | 947201101 | 946002123 | $50,000 | SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS | 501(C)(3) |
| REGENTS OF THE UNIVERSITY OF MICHIGAN | |||||||
| PO BOX 223131 | PITTSBURGH | PA | 15251 | 386006309 | $10,000 | SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS | 501(C)(3) |
| RESOLVE INNOVATIONS INC | |||||||
| 344 20TH ST | OAKLAND | CA | 94612 | 821027243 | $100,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| SIMUSOLAR INC | |||||||
| 2810 NORTH CHURCH STREET PMB 76691 | WILMINGTON | DE | 19802 | 472154274 | $33,247 | FUNDING 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 512 | NEW YORK | NY | 10023 | 812102783 | $1,000,000 | WAREHOUSED 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 38 | CAMBRIDGE | MA | 02139 | 320493145 | $50,000 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | |
| STARFISH INTERNATIONAL | |||||||
| 9599 CLARECASTLE PATH | BREWERTON | NY | 130299557 | 261427966 | $13,028 | GRANT FOR COVID-19 EMERGENCY ASSISTANCE | 501(C)(3) |
| THE RESOLUTION PROJECT INC | |||||||
| 420 LEXINGTON AVE SUITE 1626-27 | NEW YORK | NY | 10170 | 264394051 | $20,000 | SUBAWARD TO SUPPORT THE NEXT GENERATION OF SOCIAL INNOVATORS THROUGH THE RESOLUTION PROJECT | 501(C)(3) |
| UNIVERSITY OF SAN DIEGO | |||||||
| 5998 ALCALA PARK | SAN DIEGO | CA | 92110 | 952544535 | $150,000 | SUBAWARD TO SUPPORT THE NEXT GENERATION OF SOCIAL INNOVATORS THROUGH THE FOWLER GLOBAL SOCIAL INNOVATION CHALLENGE | 501(C)(3) |
| VIRGINIA ORGANIZATION INC | |||||||
| 703 CONCORD AVENUE | CHARLOTTESVILLE | VA | 229035208 | 541674992 | $10,000 | SUBAWARD FOR RESEARCH ON COMMUNITY EMPOWERMENT IN POST-CONFLICT REGIONS OF COLOMBIA | 501(C)(3) |
| WINDGEN POWER USA INC | |||||||
| 19 WERTSVILLE ROAD | HILLSBOROUGH | NJ | 08844 | 453228803 | $93,000 | PILOT 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 800 | CHICAGO | IL | 60606 | 850546055 | $50,000 | GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 10 | Total501c3OrgCnt |
| Total Other Org | 25 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | IKEA SE EAST AFRICA ACCELERATOR & AEF FUNDS | GrantTypeTxt |
| Recipient | 2 | RecipientCnt |
| Cash Grant | $26,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IN ALL CASES, THE ORGANIZATION HAS A THOROUGH UNDERSTANDING OF THE WORK BEING UNDERTAKEN AND A FAMILIARITY WITH THE GRANTEE UNDERTAKING THE WORK. FOLLOW UP MONITORING IS PERFORMED BY VERBAL CHECK-INS, PERIODIC PROGRESS REPORTS, AND FINAL WRITTEN GRANT PERFORMANCE REPORTS AT THE CONCLUSION OF THE GRANT PERIOD. 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JACQUELINE NOVOGRATZ | ||||||||||||||
| CEO & DIRECTOR | $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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | ACUMEN OFFERS A DISCRETIONARY PERFORMANCE-BASED BONUS FOR ITS EMPLOYEES WITH GUIDELINES SET BY THE MANAGEMENT COMMITTEE AND AGREED BY THE BOARD. BONUSES ARE REFLECTIVE OF ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE WHICH PROVIDES COLLECTIVE ACCOUNTABILITY (INCREASING BY LEVEL), FOSTERS INCREASED COLLABORATION AND PROBLEM-SOLVING. THE ORGANIZATIONAL COMPONENT OF THE BONUS IS RECOMMENDED BY THE MANAGEMENT COMMITTEE TO THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF ANNUAL GOALS (WHICH ARE DETERMINED AT THE END OF THE PRIOR YEAR AND APPROVED BY THE BOARD), THEN REVIEWED BY THE COMPENSATION COMMITTEE AND ULTIMATELY APPROVED BY THE BOARD. EACH INDIVIDUAL'S SUPERVISOR DETERMINES THE INDIVIDUAL RATING BASED ON PERFORMANCE AGAINST INDIVIDUAL GOALS, AND THE DIRECTOR OF TALENT AND RESPECTIVE MANAGEMENT COMMITTEE MEMBER APPROVES THE RATINGS. BONUSES WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 11 | ContributionCnt |
| Noncash Contributions Rpt F990 | $684,847 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION UTILIZES ADP TOTALSOURCE, A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO"). AS A PROFESSIONAL EMPLOYER ORGANIZATION, TOTALSOURCE PROVIDES PROFESSIONAL EMPLOYER SERVICES TO ACUMEN FUND, INC. (ACUMEN). IN THE PEO RELATIONSHIP TOTALSOURCE AND ACUMEN SHARE CERTAIN RESPONSIBILITIES AND ALLOCATE OTHER EMPLOYER RESPONSIBILITIES BETWEEN EACH OTHER. ACUMEN REMAINS AN EMPLOYER OF THE WORKSITE EMPLOYEES AND TOTALSOURCE IS A CO-EMPLOYER OF ACUMEN'S EMPLOYEES. ACUMEN HAS: - DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO CONDUCT ITS BUSINESS, DISCHARGE ANY FIDUCIARY RESPONSIBILITY IT MAY HAVE, OR COMPLY WITH ANY APPLICABLE LICENSURE, REGULATORY OR STATUTORY REQUIREMENT OF ACUMEN. - CONTROL OVER THE DAY TO DAY JOB DUTIES OF EMPLOYEES AND OVER THE JOB SITES AT WHICH, OR FROM WHICH EMPLOYEES PERFORM SERVICES TOTALSOURCE RESERVES A RIGHT OF DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO FULFILL ITS OBLIGATIONS AND PROVIDE ITS SERVICES UNDER AN AGREEMENT BETWEEN ACUMEN AND TOTALSOURCE. TOTALSOURCE AND ACUMEN HAVE A RIGHT TO HIRE, DISCIPLINE, AND TERMINATE EMPLOYEES AS TO EACH ONE'S EMPLOYMENT RELATIONSHIP WITH EMPLOYEES. THE TOTAL AMOUNT OF SERVICE FEE PAID TO ADP TOTALSOURCE FOR THE TAX YEAR ENDING 12/31/20 IS $168,754. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S FINANCE STAFF MEMBERS PREPARE THE FORM 990 IN CONJUNCTION WITH THE ORGANIZATION'S EXTERNAL INDEPENDENT ACCOUNTANTS. SEVERAL SENIOR MANAGEMENT AND INTERNAL LEGAL STAFF MEMBERS REVIEW THE INFORMATION AND A DRAFT FORM 990 IS CIRCULATED ELECTRONICALLY BY E-MAIL TO THE BOARD OF DIRECTORS. AFTER SOLICITING THE BOARD'S FEEDBACK AND COMMENTS, THE FORM 990 IS E-FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS ANNUALLY MONITORED, REQUIRING ALL OF THE ORGANIZATION'S OR ITS AFFILIATES' BOARD MEMBERS, MEMBERS OF THE INVESTMENT COMMITTEE, OFFICERS, KEY EMPLOYEES, AND EACH OF THEIR RESPECTIVE RELATIVES TO DISCLOSE ANY FINANCIAL INTEREST THAT MAY BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST TO THE GENERAL COUNSEL, SUBJECT TO REVIEW BY THE AUDIT & FINANCE COMMITTEE OF THE BOARD. SUCH DISCLOSURES INVOLVING A TRANSACTION OR ARRANGEMENT ARE REVIEWED BY THE GENERAL COUNSEL, WITH OVERSIGHT BY THE PRESIDENT, AND, IF OVER A CERTAIN THRESHOLD, REFERRED TO THE AUDIT & FINANCE COMMITTEE TO DETERMINE APPROPRIATE ACTION TO BE TAKEN TO ADDRESS THE CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT. THE INDIVIDUAL WITH THE 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 15 | THE ORGANIZATION ANNUALLY REVIEWS COMPARABLE COMPENSATION DATA FOR ITS NON-PROFIT PEER GROUP AND SIMILAR ORGANIZATIONS IN THE FOR-PROFIT PRIVATE SECTOR. ACUMEN TALENT 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 19 | THE ORGANIZATION POSTS ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS ON ITS PUBLICLY ACCESSIBLE WEBSITE WWW.ACUMEN.ORG. CURRENT YEAR INFORMATION IS POSTED AS IT BECOMES AVAILABLE AND TWO PRIOR YEAR'S RESULTS ARE MAINTAINED ONLINE. THE ORGANIZATION ALSO PROVIDES ITS INFORMATION TO CHARITY NAVIGATOR AND GUIDESTAR.ORG. PUBLIC INFORMATION ABOUT ACUMEN IS AVAILABLE ON THE WEBSITE OF THE NYS ATTORNEY GENERAL CHARITIES BUREAU, AS WELL AS UPON REQUEST. THE FORM 1023 IS MADE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST, AND A SUMMARY OF THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE FORM 990. THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA A LINK ON OUR WEBSITE TO THE PROFILE ON GUIDESTAR. |
| FORM 990, PART 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/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|
| ACUMEN CAPITAL PARTNERS (ARAF) LTD | ||||||||||
| 40 WORTH STREET SUITE 303 | NEW YORK | NY | 10013 | 981546121 | FINANCIAL SERVICES | KE | $34,978 | $130,050 | ACUMEN CAPITAL PARTNERS LLC | |
| ACUMEN CAPITAL PARTNERS (EA) LTD | ||||||||||
| 40 WORTH STREET SUITE 303 | NEW YORK | NY | 10013 | 981551441 | FUND MANAGER | KE | $243,576 | $223,066 | ACUMEN CAPITAL PARTNERS LLC | |
| ACUMEN CAPITAL MARKET INVESTMENTS LLC | ||||||||||
| 40 WORTH STREET SUITE 303 | NEW YORK | NY | 10013 | 364796906 | CARRYING VEHICLE | ACUMEN CAPITAL PARTNERS LLC | DE | |||
| ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC | ||||||||||
| 40 WORTH STREET SUITE 303 | NEW YORK | NY | 10013 | 831263292 | CARRYING VEHICLE | ACUMEN CAPITAL PARTNERS LLC | DE | |||
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|
| ACUMEN (PAKISTAN) | ||||||||
| 11 - C 4TH FL 1ST COMMERCIAL LAN | KARACHI | PK | INVESTING IN SOCIAL ENTERPRISE | PK | 501(C)(3) | ACUMEN FUND INC | Yes (1) | |
| ACUMEN FUND CANADA | ||||||||
| 700 WEST GEORGIA STREET 25TH FLOOR | VANCOUVER | CA | ALLEVIATE POVERTY | CA | 501(C)(3) | ACUMEN FUND INC | Yes (1) | V7Y 1B3 |
| AF TRUST | ||||||||
| 201 DHEERAJI PLAZA HILL ROAD BAN | MUMBAI | IN | LEADERSHIP | IN | 501(C)(3) | ACUMEN FUND INC | Yes (1) | 400050 |
| ACUMEN FUND WEST AFRICA LTDGTE | ||||||||
| PLOT 18 SIKIRU ALADE OLOKO CRESCENT | LAGOS | NI | INVESTING IN SOCIAL ENTERPRISES | NI | 501(C)(3) | ACUMEN FUND INC | Yes (1) | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ACUMEN CAPITAL MARKETS ILP | ||||||||||||||||||
| 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 263831409 | INVESTING IN SOCIAL ENTERPRISES | DE | ACUMEN FUND INC | RELATED | $50,547 | $1,214,885 | 0 | $31,790 | Yes (1) | 0.16240 | ||||
| KAWISAFI VENTURES LIMITED | ||||||||||||||||||
| 320466550 | INVESTING IN SOCIAL ENTERPRISES | ACUMEN CAPITAL PARTNERS LLC | RELATED | $32,313 | $10,368,118 | 0 | 0 | 0.28540 | C/O ESTERA MANAGEMENT MAURITIUS L | PORT LOUIS | MP | MP | ||||||
| ACUMEN LATIN AMERICA EARLY GROWTH FUND LP | ||||||||||||||||||
| 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 981364491 | INVESTING IN SOCIAL ENTERPRISES | ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC | RELATED | $8,003 | $488,794 | 0 | 0 | 0.03620 | CA | |||||
| ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC | ||||||||||||||||||
| 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 820973614 | INVESTING IN SOCIAL ENTERPRISES | DE | ACUMEN CAPITAL PARTNERS LLC | RELATED | 0 | Yes (1) | ||||||||
| ACUMEN RESILIENT AGRICULTURE FUND LP | ||||||||||||||||||
| 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 981496984 | INVESTING IN SOCIAL ENTERPRISES | ACUMEN CAPITAL PARTNERS LLC | RELATED | $4,828 | $406,416 | 0 | 0 | 0.04730 | CA | |||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (6 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD | |||||||||||||||||
| 203 DHEERAJ PLAZA HILL ROAD BANDRA | MUMBAI | IN | 400050 | ADVISORY SERVICES | IN | ACUMEN FUND INC | C | $813,325 | $1,706,787 | 0.99900 | Yes (1) | ||||||
| ACUMEN CAPITAL PARTNERS LLC | |||||||||||||||||
| FUND MANAGER | ACUMEN FUND INC | C | $3,597,877 | $4,776,134 | 1.00000 | Yes (1) | 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 320450985 | DE | |||||
| ACUMEN CAPITAL HOLDING LLC | |||||||||||||||||
| HOLDING COMPANY | ACUMEN FUND INC | C | $46,685 | 1.00000 | Yes (1) | 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 820758236 | DE | ||||||
| UNDER THE MANGO TREE | |||||||||||||||||
| A 412 BYCULLA SERVICE INDUSTRIES C | MUMBAI | IN | BEEKEEPING | IN | ACUMEN FUND INC | C | 0.82140 | Yes (1) | |||||||||
| ACUMEN EA ADVISORY SERVICES LTDGTE | |||||||||||||||||
| 3RD FLOOR ABC TOWERS WAIYAKI WAY | NAIROBI | KE | ADVISORY SERVICES | KE | ACUMEN FUND INC | C | $1,642,744 | $838,558 | 1.00000 | Yes (1) | |||||||
| ACUMEN EAST AFRICA INSTITUTE LIMITED | |||||||||||||||||
| 3RD FLOOR ABC TOWERS WAIYAKI WAY | NAIROBI | KE | NO ACTIVITY | KE | ACUMEN FUND INC | C | 1.00000 | Yes (1) | |||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | Yes (1) | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ACUMEN FUND WEST AFRICA LTDGTE | ||
| B | $981,514 | COST |
| ACUMEN EA ADVISORY SERVICES LTD | ||
| B | $230,912 | COST |
| ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED | ||
| F | $143,023 | COST |
| ACUMEN EA ADVISORY SERVICES LTD | ||
| G | $370,191 | FMV |
| ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED | ||
| M | $678,342 | FMV |
| ACUMEN EA ADVISORY SERVICES LTD | ||
| M | $1,639,016 | FMV |
| ACUMEN RESILIENT AGRICULTURE FUND LP | ||
| Q | $183,333 | COST |
| ACUMEN CAPITAL PARTNERS LLC | ||
| Q | $180,534 | COST |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R, PART III: | FormAndLineReferenceDesc |
| Explanation | ACUMEN 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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