2021-11-15T16:44:59-06:00 2020-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2020-01-01 134166228 ACUMEN FUND INC ACUM 2125668821 40 WORTH STREET NO 303 NEW YORK NY 10013 JACQUELINE WOO CHIEF FINANCIAL OFFICER 2125668821 2021-11-15 1 JACQUELINE WOO XXX-XX-XXXX LYNNE JOHNSON P00757336 6179129000 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JACQUELINE NOVOGRATZ 40 WORTH STREET NO 303 NEW YORK NY 10013 33005882 0 X WWW.ACUMEN.ORG X 2001 NY 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. 14 13 88 14 31790 25461 25402570 24665203 2317027 2833283 2756044 525861 491207 833789 30966848 28858136 3119886 7644532 0 0 12801378 9893930 3316680 0 2409992 10648613 10850835 29886557 28389297 1080291 468839 140919171 141486235 5039812 5408376 135879359 136077859 X 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. 0 0 14702350 5050485 2598741 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. 6228727 2362333 219542 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. 3498304 231714 15000 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. 24429381 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 X 59 0 1 88 1 1 1 1 CA UK MP IN PK CO GH KE 0 0 0 0 0 0 0 0 0 0 X 14 13 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA FL GA IL MD MA MI NJ NY PA WA DC X X X JACQUELINE WOO CHIEF FINANCIAL OFFICER 6467473958 40 WORTH STREET NO 303 NEW YORK NY 10013 JACQUELINE NOVOGRATZ CEO & DIRECTOR 39.00 1.00 X X 355766 0 29536 CARLYLE SINGER JONES PRESIDENT 39.00 1.00 X 303345 0 18807 WILLIAM CHARNOCK CHIEF MARKETING OFFICER 40.00 0.00 X 269710 0 27017 JACQUELINE WOO CHIEF FINANCIAL OFFICER 33.50 6.50 X 229287 0 36574 OTHO EDGAR KERR CHIEF INVESTMENT OFFICER 40.00 0.00 X 245935 0 18059 LYNN ROLAND BOARD SECRETARY / GENERAL COUNSEL 34.00 6.00 X 224053 0 35597 YASMINA ZAIDMAN CHIEF STRATEGIC PARTNERSHIPS OFFICER 40.00 0.00 X 231975 0 7349 AMRITA BHANDARI CHIEF OF BUSINESS DEVELOPMENT 40.00 0.00 X 225889 0 7167 CATHERINE C NANDA DIRECTOR, ACUMEN AMERICA 40.00 0.00 X 196044 0 33753 JOANNA MCQUADE DIRECTOR, TALENT 40.00 0.00 X 206762 0 15909 AMON ANDERSON DIRECTOR, ACUMEN AMERICA 40.00 0.00 X 193783 0 15645 ELEANOR MURPHY HEAD OF BUSINESS DEVELOPMENT, EAST COAST 39.50 0.50 X 164524 0 21403 JO-ANN TAN DIRECTOR, LEADERSHIP 40.00 0.00 X 174053 0 5611 ALEXANDRA TRABULSI HEAD OF BUSINESS DEVELOPMENT, WEST COAST 40.00 0.00 X 173600 0 5598 SABRINA LEE ORTEGA SANCHEZ HEAD OF BUSINESS DEV., FOUNDATIONS 40.00 0.00 X 151097 0 14823 BATOOL HASSAN DIRECTOR, LEADERSHIP 40.00 0.00 X 159055 0 5162 MARGO ALEXANDER DIRECTOR 1.00 0.00 X 0 0 0 C HUNTER BOLL DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN CHEW WAI LIN DIRECTOR 1.00 0.00 X 0 0 0 STUART DAVIDSON DIRECTOR 1.00 0.00 X 0 0 0 JULIUS GAUDIO DIRECTOR 1.00 0.00 X 0 0 0 NATHAN LAURELL DIRECTOR 1.00 0.00 X 0 0 0 CRISTINA LJUNGBERG DIRECTOR 1.00 0.00 X 0 0 0 PAT MITCHELL DIRECTOR (UNTIL 5/1/20) 1.00 0.00 X 0 0 0 KIRSTEN NEVILL-MANNING DIRECTOR 1.00 0.00 X 0 0 0 KAREN PATERSON DIRECTOR 1.00 0.00 X 0 0 0 THULASIRAJ RAVILLA DIRECTOR 1.00 0.00 X 0 0 0 ANDREA SOROS COLOMBEL DIRECTOR 1.00 0.00 X 0 0 0 MARK TERCEK DIRECTOR (FROM 5/1/20) 1.00 0.00 X 0 0 0 SHAIZA RIZAVI BOARD CHAIR 1.00 0.00 X X 0 0 0 3504878 0 298010 26 0 1 0 LAFAYETTE AMERICA LLC 4892 GRAND RIVER AVE SUITE 1B DETROIT MI 48208 WEB PLATFORM DESIGN 211500 60 DECIBELS INC 205 E 42ND ST FLOOR 20 NEW YORK NY 10017 DATABASE MANAGEMENT 201241 WALL STREET IT MANAGEMENT 40 WEST 37TH STREET SUITE 1003 NEW YORK NY 10018 IT MANAGEMENT SERVICES 171668 ADP TOTALSOURCE GROUP INC 10200 SUNSET DRIVE MIAMI FL 33173 PEO SERVICES 168754 THE BUSARA CENTER FOR BEHAVIORAL ECONOMI PO BOX 1340 PRINCETON NJ 08540 BEHAVIORAL SCIENCE CONSULTING 146532 7 1711767 22953436 684847 24665203 PGM RELATED LOAN INCOME 900099 2405920 2405920 PROGRAM FEES 900099 382399 382399 PORTFOLIO DILIGENCE FEE INCOME 900099 44964 44964 2833283 247952 31790 216162 4264957 160698 4141257 6489 123700 154209 277909 277909 DEVELOPMENT COST REIMBURSEMENT 900099 825693 825693 REIMBURSEMENT/OTHER 900099 8096 8096 833789 28858136 2833283 31790 1327860 4626440 4626440 26000 26000 2992092 2992092 3017630 2525745 246762 245123 233418 233418 5185502 3409313 385896 1390293 236692 168702 18412 49578 572187 406673 46096 119418 648501 476628 53520 118353 140536 92798 13651 34087 147481 83090 64391 136050 83542 26454 26054 2215776 2042298 98881 74597 116331 112437 3431 463 199131 130162 30287 38682 555854 357138 102486 96230 678258 479661 50386 148211 151033 133196 5570 12267 36340 25684 4399 6257 8551 8551 137668 112267 5627 19774 74956 51362 6478 17116 INTERCOMPANY PROGRAM SE 2317358 2317358 INTERCOMPANY COST REIMB 1909694 1612473 297221 PROV FOR PORTFOLIO LOSS 1886501 1886501 CORPORATE TAXES/OTHER 75256 41470 20403 13383 64061 2933 61022 106 28389297 24429381 1549924 2409992 487896 627646 44765207 47907426 24288449 13088483 1841125 1319585 3413075 750000 378654 278918 369758 217493 305181 152265 500959 610261 64055890 75846773 882735 904878 140919171 141486235 2847209 2211182 804470 648534 1388133 2548660 5039812 5408376 X 86591977 99487137 49287382 36590722 135879359 136077859 140919171 141486235 X 468839 -270339 X 0 1 X 1 0 X 29176704 27693548 35753189 25402570 24665203 142691214 29176704 27693548 35753189 25402570 24665203 142691214 32756621 109934593 96765 73572 78195 284685 216162 749379 60770 29290 90060 554566 162649 272711 491207 833789 2314922 145845575 0.75380 0.71120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47649 20981 26668 177152 120057 57095 144957 76455 68502 152265 PROGRAM RELATED EQUITY INVESTMENTS - NORTH AMERICA 21351587 C PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA 4295394 C PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA 16881165 C PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA 3805003 C PROGRAM RELATED EQUITY INVESTMENTS - EUROPE 1918528 C PROGRAM RELATED DEBT INVESTMENTS - CENTRAL AMERICA AND THE CARRIBEAN 275000 C PROGRAM RELATED DEBT INVESTMENTS - EUROPE 700000 C PROGRAM RELATED DEBT INVESTMENTS - NORTH AMERICA 8689737 C PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA 1529987 C PROGRAM RELATED DEBT INVESTMENTS - S.ASIA 898153 C PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA 922353 C PROGRAM RELATED PARTNERSHIP INVESTMENTS - NORTH AMERICA 2249811 C PROGRAM RELATED PARTNERSHIP INVESTMENTS - SUB-SAHARAN AFRICA 12330055 C 75846773 RETURNABLE GRANT CAPITAL 1388133 PAYCHECK PROTECTION PROGRAM 1171555 INTERCOMPANY LOAN -11028 2548660 X PART X, LINE 2: 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. 1 SOUTH ASIA 2 26 PROGRAM SERVICES PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM 678342 SUB-SAHARAN AFRICA 2 46 PROGRAM SERVICES PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM 2620530 LATIN AMERICA 1 36 PROGRAM SERVICES PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM 1038139 EUROPE 1 18 PROGRAM SERVICES LEADERSHIP PROGRAM AND FUNDRAISING 940749 NORTH AMERICA 0 6 PROGRAM SERVICES LEADERSHIP PROGRAM 112650 SOUTH ASIA 0 0 PROGRAM RELATED INVESTMENT 17779318 SUB-SAHARAN AFRICA 0 0 PROGRAM RELATED INVESTMENT 18155435 LATIN AMERICA 0 0 PROGRAM RELATED INVESTMENT 4727356 EUROPE 0 0 PROGRAM RELATED INVESTMENT 2618528 NORTH AMERICA 0 0 PROGRAM RELATED INVESTMENT 1129856 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM RELATED INVESTMENT 275000 SOUTH ASIA 0 0 GRANT MAKING EMERGENCY FACILITY AND TA GRANTS 964480 SUB-SAHARAN AFRICA 0 0 GRANT MAKING EMERGENCY FACILITY AND TA GRANTS 1018197 LATIN AMERICA 0 0 GRANT MAKING EMERGENCY FACILITY AND TA GRANTS 540078 EUROPE 0 0 GRANT MAKING EMERGENCY FACILITY AND TA GRANTS 295024 EAST ASIA AND THE PACIFIC 0 0 GRANT MAKING EMERGENCY FACILITY AND TA GRANTS 50000 NORTH AMERICA 0 0 GRANT MAKING EMERGENCY FACILITY AND TA GRANTS 124313 6 132 0 0 6 132 46052519 7015476 53067995 SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 20000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 12519 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 20000 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 50000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 23850 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 5000 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 7000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 37192 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 21700 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 18732 WIRE TRANSFER LATIN AMERICA HIRING A PART TIME CONSULTANT TO STRENGTHEN CACAO DE COLOMBIAS CURRENT SUPPLY CHAIN 8000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 25000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 27376 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 30000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 36000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 46897 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 30000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 9650 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 46810 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 21000 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 59000 WIRE TRANSFER EAST ASIA AND THE PACIFIC GRANT FOR COVID-19 EMERGENCY ASSISTANCE 50000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 24190 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 20000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 25785 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 30000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 12000 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 23600 WIRE TRANSFER NORTH AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 24313 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 12502 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 30000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 21283 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 50000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 21362 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 30000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 22500 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 60000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 43395 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 12576 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 35100 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 15000 WIRE TRANSFER NORTH AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 100000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 11108 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 7577 WIRE TRANSFER SUB-SAHARAN AFRICA DEVELOP ERP/CRM FOR NEW AND EXISTING PRODUCTS 6400 WIRE TRANSFER SUB-SAHARAN AFRICA ENGAGE AN ADVISOR TO PROVIDE ADVISORY SERVICES FOR ESTABLISHING A PAN AFRICAN HOLDING COMPANY 12500 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 22000 WIRE TRANSFER SUB-SAHARAN AFRICA INCREASE ACCESS TO RECYCLING SERVICES FOR RESIDENTS 10000 WIRE TRANSFER EUROPE FUNDING THE ACQUISITION AND DISTRIBUTION OF EPCS TO RVE.SOLS CUSTOMERS THROUGH AN INNOVATIVE FINANCING APPROACH 166800 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 34000 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 383446 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 24541 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 50000 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 100000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 11180 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 7900 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 18500 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 13804 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 14100 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 20000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 7091 WIRE TRANSFER SUB-SAHARAN AFRICA ACCELERATOR SCALE-UP AWARD 45700 WIRE TRANSFER SUB-SAHARAN AFRICA IMPACT START-UP RELIEF FUND 100000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 18096 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 22065 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 20000 WIRE TRANSFER EUROPE GRANT FOR COVID-19 EMERGENCY ASSISTANCE 48300 WIRE TRANSFER SOUTH ASIA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 50000 WIRE TRANSFER SUB-SAHARAN AFRICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 11240 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 10612 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 9550 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 5259 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 5259 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 5259 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 14953 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 5274 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 23204 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 29533 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 18985 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 26368 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 8649 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 9730 WIRE TRANSFER LATIN AMERICA GRANT FOR COVID-19 EMERGENCY ASSISTANCE 17523 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 78774 WIRE TRANSFER SOUTH ASIA CONNECT AND CULTIVATE A PIPELINE OF SOCIAL CHANGE MAKERS WHO ARE COMMITTED TO TACKLING POVERTY AND/OR INJUSTICE IN BANGLADESH 145225 WIRE TRANSFER 8 85 GRANT FOR COVID-19 EMERGENCY ASSISTANCE SUB-SAHARAN AFRICA 3 115545 WIRE TRANSFER 1 0 1 0 1 0 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. 1 60 DECIBELS INC 205 EAST 42ND STREET 20TH FLOOR NEW YORK NY 10017 832847769 647938 SUBAWARDS FOR AGRICULTURAL INVESTING RESEARCH PROJECTS AZAHAR COFFEE COMPANY LLC 325 EAST 77TH STREET APT 6G NEW YORK NY 10075 453537132 50000 GRANT FOR COVID-19 EMERGENCY ASSISTANCE AZIMUTH GROUP CORP 1B GRAND ARMY PLAZA BROOKLYN NY 11238 812651720 12000 IMPROVING SALES STRATEGY BIOLITE INC 65 JAY ST FLOOR 4 BROOKLYN NY 11201 272826296 50500 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 150000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF BRCK INC 12472 LAKE UNDERHILL RD 330 ORLANDO FL 32828 463878519 50000 GRANT FOR COVID-19 EMERGENCY ASSISTANCE BURN MANUFACTURING CO 18850 103RD AVENUE SW SUITE 220 CITY OF VASHON COUNTY WA 98070 453247706 160500 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 100000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF CLIMB CREDIT INC 133 WEST 19TH ST 4TH FLOOR NEW YORK NY 10011 471345761 150000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF CLIMB CREDIT INC 133 WEST 19TH ST 4TH FLOOR NEW YORK NY 10011 471345761 35000 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 150000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF EARNUP INC 2370 MARKET STREET SUITE 203 SAN FRANCISCO CA 94114 463307882 150000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF ENLIGHT INSTITUTE 7669 SOUTH MYRTLE AVE TEMPE AZ 85284 830866066 19500 GRANT FOR COVID-19 EMERGENCY ASSISTANCE ENZI INC 5668 FREEWILL LN VIRGINIA BEACH VA 23464 851945912 17836 GRANT FOR COVID-19 EMERGENCY ASSISTANCE ESUSU FINANCIAL INC 215 WEST 125TH ST SUITE 410 NEW YORK NY 10027 824311750 150000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF EVERYTABLE PBC 230 WEST AVE 26 LOS ANGELES CA 90031 475369929 100000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF HEALTHIFY INC 77 WATER STREET SUITE 2403 NEW YORK NY 10005 463533797 200000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF ID INSIGHT INC 785 MARKET STREET SUITE 200 SAN FRANCISCO CA 94103 274933181 501(C)(3) 472274 USE STATISTICAL METHODS TO EXPLORE THE CAUSAL LINKS BETWEEN THREE POULTRY COMPANIES AND IMPROVEMENTS IN WELL-BEING FOR FARMER HOUSEHOLDS REARING THEIR CHICKENS IMANI COLLECTIVE 10611 GARLAND RD UNIT 102 DALLAS TX 75218 451558325 501(C)(3) 14514 GRANT FOR COVID-19 EMERGENCY ASSISTANCE MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 501(C)(3) 10000 SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS MINDRIGHT HEALTH INC 1 WASHINGTON PLACE 7TH FLOOR NEWARK NJ 07102 842285932 100000 GRANT FOR COVID-19 EMERGENCY ASSISTANCE MYVILLAGE LLC 300 MAGNOLIA DRIVE NEDERLAND CO 80466 364902854 245000 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 501(C)(3) 12103 GRANT FOR COVID-19 EMERGENCY ASSISTANCE REGENTS OF THE UNIVERSITY OF CALIFORNIA 2195 HEARST AVENUE ROOM 159 BERKELEY CA 947201101 946002123 501(C)(3) 50000 SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS REGENTS OF THE UNIVERSITY OF MICHIGAN PO BOX 223131 PITTSBURGH PA 15251 386006309 501(C)(3) 10000 SUBAWARD TO DEVELOP A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS RESOLVE INNOVATIONS INC 344 20TH ST OAKLAND CA 94612 821027243 100000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF SIMUSOLAR INC 2810 NORTH CHURCH STREET PMB 76691 WILMINGTON DE 19802 472154274 33247 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 1000000 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 50000 GRANT FOR COVID-19 EMERGENCY ASSISTANCE STARFISH INTERNATIONAL 9599 CLARECASTLE PATH BREWERTON NY 130299557 261427966 501(C)(3) 13028 GRANT FOR COVID-19 EMERGENCY ASSISTANCE THE RESOLUTION PROJECT INC 420 LEXINGTON AVE SUITE 1626-27 NEW YORK NY 10170 264394051 501(C)(3) 20000 SUBAWARD TO SUPPORT THE NEXT GENERATION OF SOCIAL INNOVATORS THROUGH THE RESOLUTION PROJECT UNIVERSITY OF SAN DIEGO 5998 ALCALA PARK SAN DIEGO CA 92110 952544535 501(C)(3) 150000 SUBAWARD TO SUPPORT THE NEXT GENERATION OF SOCIAL INNOVATORS THROUGH THE FOWLER GLOBAL SOCIAL INNOVATION CHALLENGE VIRGINIA ORGANIZATION INC 703 CONCORD AVENUE CHARLOTTESVILLE VA 229035208 541674992 501(C)(3) 10000 SUBAWARD FOR RESEARCH ON COMMUNITY EMPOWERMENT IN POST-CONFLICT REGIONS OF COLOMBIA WINDGEN POWER USA INC 19 WERTSVILLE ROAD HILLSBOROUGH NJ 08844 453228803 93000 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 50000 GRANT FOR ACUMEN AMERICA COVID-19 EMERGENCY RELIEF 10 25 IKEA SE EAST AFRICA ACCELERATOR & AEF FUNDS 2 26000 PART I, LINE 2: 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. X X X X 0 0 0 0 0 0 0 1 0 JACQUELINE NOVOGRATZ CEO & DIRECTOR 320016 0 35750 0 0 0 10823 0 18713 0 385302 0 0 0 CARLYLE SINGER JONES PRESIDENT 273095 0 30250 0 0 0 9158 0 9649 0 322152 0 0 0 WILLIAM CHARNOCK CHIEF MARKETING OFFICER 247210 0 22500 0 0 0 8241 0 18776 0 296727 0 0 0 JACQUELINE WOO CHIEF FINANCIAL OFFICER 202617 0 26670 0 0 0 7154 0 29420 0 265861 0 0 0 OTHO EDGAR KERR CHIEF INVESTMENT OFFICER 245935 0 0 0 0 0 6250 0 11809 0 263994 0 0 0 LYNN ROLAND BOARD SECRETARY / GENERAL COUNSEL 198069 0 25984 0 0 0 6972 0 28625 0 259650 0 0 0 YASMINA ZAIDMAN CHIEF STRATEGIC PARTNERSHIPS OFFICER 206400 0 25575 0 0 0 6959 0 390 0 239324 0 0 0 AMRITA BHANDARI CHIEF OF BUSINESS DEVELOPMENT 198990 0 26899 0 0 0 6777 0 390 0 233056 0 0 0 CATHERINE C NANDA DIRECTOR, ACUMEN AMERICA 178944 0 17100 0 0 0 6102 0 27651 0 229797 0 0 0 JOANNA MCQUADE DIRECTOR, TALENT 182995 0 23767 0 0 0 6260 0 9649 0 222671 0 0 0 AMON ANDERSON DIRECTOR, ACUMEN AMERICA 167958 0 25825 0 0 0 5874 0 9771 0 209428 0 0 0 ELEANOR MURPHY HEAD OF BUSINESS DEVELOPMENT, EAST COAST 148024 0 16500 0 0 0 5073 0 16330 0 185927 0 0 0 JO-ANN TAN DIRECTOR, LEADERSHIP 157700 0 16353 0 0 0 5221 0 390 0 179664 0 0 0 ALEXANDRA TRABULSI HEAD OF BUSINESS DEVELOPMENT, WEST COAST 152600 0 21000 0 0 0 5208 0 390 0 179198 0 0 0 SABRINA LEE ORTEGA SANCHEZ HEAD OF BUSINESS DEV., FOUNDATIONS 139928 0 11169 0 0 0 4607 0 10216 0 165920 0 0 0 BATOOL HASSAN DIRECTOR, LEADERSHIP 144500 0 14555 0 0 0 4772 0 390 0 164217 0 0 0 PART I, LINE 7 ACUMEN OFFERS A DISCRETIONARY PERFORMANCE-BASED BONUS FOR ITS EMPLOYEES WITH GUIDELINES SET BY THE MANAGEMENT COMMITTEE AND AGREED BY THE BOARD. BONUSES ARE REFLECTIVE OF ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE WHICH PROVIDES COLLECTIVE ACCOUNTABILITY (INCREASING BY LEVEL), FOSTERS INCREASED COLLABORATION AND PROBLEM-SOLVING. THE ORGANIZATIONAL COMPONENT OF THE BONUS IS RECOMMENDED BY THE MANAGEMENT COMMITTEE TO THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF ANNUAL GOALS (WHICH ARE DETERMINED AT THE END OF THE PRIOR YEAR AND APPROVED BY THE BOARD), THEN REVIEWED BY THE COMPENSATION COMMITTEE AND ULTIMATELY APPROVED BY THE BOARD. EACH INDIVIDUAL'S SUPERVISOR DETERMINES THE INDIVIDUAL RATING BASED ON PERFORMANCE AGAINST INDIVIDUAL GOALS, AND THE DIRECTOR OF TALENT AND RESPECTIVE MANAGEMENT COMMITTEE MEMBER APPROVES THE RATINGS. BONUSES WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS. X 11 684847 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. 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. ACUMEN CAPITAL PARTNERS (ARAF) LTD 40 WORTH STREET SUITE 303 NEW YORK NY 10013 981546121 FINANCIAL SERVICES KE 34978 130050 ACUMEN CAPITAL PARTNERS LLC ACUMEN CAPITAL PARTNERS (EA) LTD 40 WORTH STREET SUITE 303 NEW YORK NY 10013 981551441 FUND MANAGER KE 243576 223066 ACUMEN CAPITAL PARTNERS LLC ACUMEN CAPITAL MARKET INVESTMENTS LLC 40 WORTH STREET SUITE 303 NEW YORK NY 10013 364796906 CARRYING VEHICLE DE ACUMEN CAPITAL PARTNERS LLC ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC 40 WORTH STREET SUITE 303 NEW YORK NY 10013 831263292 CARRYING VEHICLE DE ACUMEN CAPITAL PARTNERS LLC ACUMEN (PAKISTAN) 11 - C 4TH FL 1ST COMMERCIAL LAN KARACHI PK INVESTING IN SOCIAL ENTERPRISE PK 501(C)(3) ACUMEN FUND INC 1 ACUMEN FUND CANADA 700 WEST GEORGIA STREET 25TH FLOOR VANCOUVER CA V7Y 1B3 ALLEVIATE POVERTY CA 501(C)(3) ACUMEN FUND INC 1 AF TRUST 201 DHEERAJI PLAZA HILL ROAD BAN MUMBAI IN 400050 LEADERSHIP IN 501(C)(3) ACUMEN FUND INC 1 ACUMEN FUND WEST AFRICA LTDGTE PLOT 18 SIKIRU ALADE OLOKO CRESCENT LAGOS NI INVESTING IN SOCIAL ENTERPRISES NI 501(C)(3) ACUMEN FUND INC 1 ACUMEN CAPITAL MARKETS ILP 40 WORTH STREET STE 303 NEW YORK NY 10013 263831409 INVESTING IN SOCIAL ENTERPRISES DE ACUMEN FUND INC RELATED 50547 1214885 0 31790 1 0.16240 KAWISAFI VENTURES LIMITED C/O ESTERA MANAGEMENT MAURITIUS L PORT LOUIS MP 320466550 INVESTING IN SOCIAL ENTERPRISES MP ACUMEN CAPITAL PARTNERS LLC RELATED 32313 10368118 0 0 0.28540 ACUMEN LATIN AMERICA EARLY GROWTH FUND LP 40 WORTH STREET STE 303 NEW YORK NY 10013 981364491 INVESTING IN SOCIAL ENTERPRISES CA ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC RELATED 8003 488794 0 0 0.03620 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 1 ACUMEN RESILIENT AGRICULTURE FUND LP 40 WORTH STREET STE 303 NEW YORK NY 10013 981496984 INVESTING IN SOCIAL ENTERPRISES CA ACUMEN CAPITAL PARTNERS LLC RELATED 4828 406416 0 0 0.04730 ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD 203 DHEERAJ PLAZA HILL ROAD BANDRA MUMBAI IN 400050 ADVISORY SERVICES IN ACUMEN FUND INC C 813325 1706787 0.99900 1 ACUMEN CAPITAL PARTNERS LLC 40 WORTH STREET STE 303 NEW YORK NY 10013 320450985 FUND MANAGER DE ACUMEN FUND INC C 3597877 4776134 1.00000 1 ACUMEN CAPITAL HOLDING LLC 40 WORTH STREET STE 303 NEW YORK NY 10013 820758236 HOLDING COMPANY DE ACUMEN FUND INC C 46685 1.00000 1 UNDER THE MANGO TREE A 412 BYCULLA SERVICE INDUSTRIES C MUMBAI IN BEEKEEPING IN ACUMEN FUND INC C 0.82140 1 ACUMEN EA ADVISORY SERVICES LTDGTE 3RD FLOOR ABC TOWERS WAIYAKI WAY NAIROBI KE ADVISORY SERVICES KE ACUMEN FUND INC C 1642744 838558 1.00000 1 ACUMEN EAST AFRICA INSTITUTE LIMITED 3RD FLOOR ABC TOWERS WAIYAKI WAY NAIROBI KE NO ACTIVITY KE ACUMEN FUND INC C 1.00000 1 0 1 0 1 0 1 1 0 0 0 0 0 1 1 1 0 1 0 0 ACUMEN FUND WEST AFRICA LTDGTE B 981514 COST ACUMEN EA ADVISORY SERVICES LTD B 230912 COST ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED F 143023 COST ACUMEN EA ADVISORY SERVICES LTD G 370191 FMV ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED M 678342 FMV ACUMEN EA ADVISORY SERVICES LTD M 1639016 FMV ACUMEN RESILIENT AGRICULTURE FUND LP Q 183333 COST ACUMEN CAPITAL PARTNERS LLC Q 180534 COST SCHEDULE R, PART III: 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.