ACUMEN FUND INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ACUMEN FUND INC (EIN 13-4166228)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201713199349303736
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T09:32:19-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 665 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | 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 | 6467473958 | PhoneNum |
| Signature | 2017-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2017-11-15 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.51.112.58 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-15 | IPDt |
| IP Tm | 10:06:54 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1119991AAD7992453D156E11E4B1597BCCA1D313 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | EABB674C3E6C355F7E1537161DFD3A2F2A375A93 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JACQUELINE NOVOGRATZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WORTH STREET NO 303 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $31,386,725 | 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 CREATE A WORLD BEYOND 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, WATER AND SANITATION, HOUSING, ENERGY, EDUCATION FINANCIAL INCLUSION, AND AGRICULTURAL INPUTS - SO THEY CAN MAKE DECISIONS AND CHOICES FOR THEMSELVES AND UNLEASH THEIR FULL HUMAN POTENTIAL. THIS IS WHERE DIGNITY STARTS - NOT JUST FOR THE POOR BUT FOR EVERYONE ON EARTH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 72 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $22,558,173 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,176,704 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $769,446 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,152,170 | CYProgramServiceRevenueAmt |
| PY Investment Income | $290,683 | PYInvestmentIncomeAmt |
| CY Investment Income | -$140,554 | CYInvestmentIncomeAmt |
| PY Other Revenue | $10,218 | PYOtherRevenueAmt |
| CY Other Revenue | $175,453 | CYOtherRevenueAmt |
| PY Total Revenue | $23,628,520 | PYTotalRevenueAmt |
| CY Total Revenue | $30,363,773 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,238,724 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $604,271 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,662,728 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,959,868 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,005,687 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,384,046 | PYOtherExpensesAmt |
| CY Other Expenses | $9,880,543 | CYOtherExpensesAmt |
| PY Total Expenses | $17,285,498 | PYTotalExpensesAmt |
| CY Total Expenses | $19,444,682 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,343,022 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,919,091 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $102,771,968 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,223,148 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,401,512 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,071,343 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $101,370,456 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $112,151,805 | 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. WE INVEST PATIENT CAPITAL IN BUSINESSES THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO THE POOR, IMPROVING THE LIVES OF MILLIONS IN SOUTHEAST ASIA, EAST AND WEST AFRICA, LATIN AMERICA AND THE UNITED STATES.SINCE 2001, ACUMEN FUND HAS INVESTED $106 MILLION IN 96 SOCIAL ENTERPRISES WORKING ACROSS SECTORS RANGING FROM HEALTH, WATER AND SANITATION, ENERGY AND EDUCATION TO HOUSING, AGRICULTURE AND FINANCIAL INCLUSION. WE ARE BUILDING A GLOBAL COMMUNITY OF EMERGING LEADERS WHO BELIEVE IN CREATING A MORE INCLUSIVE WORLD THROUGH THE TOOLS OF BUSINESS AND PHILANTHROPY. WE ARE ALSO WORKING TO SHARE OUR LESSONS AND SPREAD INNOVATIVE IDEAS FOR POVERTY ALLEVIATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,084,451 | ExpenseAmt |
| Grant | $604,271 | GrantAmt |
| Revenue | $528,418 | RevenueAmt |
| Desc | INVESTING AND PORTFOLIO MANAGEMENT: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 WATER AND SANITATION, HEALTH, ENERGY, HOUSING, EDUCATION FINANCIAL INCLUSION AND AGRICULTURAL SERVICES TO LOW-INCOME CUSTOMERS. IN ADDITION TO ACUMEN'S WORK IN EAST AND WEST AFRICA, SOUTHEAST ASIA AND LATIN AMERICA, ACUMEN HAS MOST RECENTLY EXPANDED ITS WORK TO THE UNITED STATES. ACUMEN HAS CUMULATIVELY INVESTED $106 MILLION IN 96 BUSINESSES SERVING THE POOR.POST-INVESTMENT MANAGEMENT HAS CONTINUED TO BE A KEY PRIORITY FOR ACUMEN IN 2016. IN THE FIRST QUARTER OF THIS YEAR, OUR TEAM CONDUCTED ANNUAL REVIEWS FOR ALL PORTFOLIO COMPANIES TO MEASURE ACTUAL PERFORMANCE AGAINST SOCIAL AND FINANCIAL IMPACT TARGETS AND DEVELOP DETAILED POST-INVESTMENT ENGAGEMENT AND MANAGEMENT PLANS OUTLINING THE SUPPORT AND INVOLVEMENT REQUIRED BY ACUMEN TO HELP THE COMPANIES GROW.ACUMEN HAS ALSO EXPANDED ITS WORK WITH CORPORATIONS TO LEVERAGE THEIR SKILLS AND EXPERIENCE TO SUPPORT OUR INVESTEE COMPANIES WITH TECHNICAL ASSISTANCE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,775,059 | ExpenseAmt |
| Revenue | $397,394 | RevenueAmt |
| Desc | IMPACT AND COMMUNICATIONSTHE 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 PORTFOLIO AND CARVING A NEW APPROACH THAT ADDRESSES POVERTY THROUGH ENTREPRENEURIAL SOLUTIONS. ACUMEN'S IMPACT TEAM CONTINUES TO ADVANCE THE ORGANIZATION'S ROLE IN UNDERSTANDING AND MEASURING SOCIAL PERFORMANCE IN THE IMPACT INVESTING INDUSTRY. BUILDING UPON THE LAUNCH OF LEAN DATA MEASUREMENT SERVICES IN 2015, WE ARE PUSHING FORWARD TO MAKE IMPACT DATA EQUALLY AS RELEVANT AND FOUNDATIONAL AS FINANCIAL DATA, TO SUPERCHARGE OUR CAPACITY TO SOLVE THE WORLD'S TOUGHEST PROBLEMS. LEAN DATA SERVICES AIM TO CLOSE THE GAP BETWEEN SOCIAL ENTERPRISES AND THEIR CUSTOMERS BY LEVERAGING TODAY'S TECHNOLOGY REVOLUTION. WE BELIEVE BY ASKING THE RIGHT QUESTIONS AND LISTENING TO THE POOR, OUR CAPACITY TO CONNECT AND AMPLIFY VOICES THAT HAVE PREVIOUSLY BEEN UNHEARD WILL SCALE UP MASSIVELY.USING OUR LEAN DATA METHOD, WE WERE ABLE TO SURVEY AND EXTRACT MEANINGFUL INSIGHTS FROM MORE THAN 20,000 CUSTOMERS ACROSS OUR PORTFOLIO THROUGH MORE THAN 40 DIFFERENT LEAN DATA PROJECTS BY Q4 2016. OUR OPPORTUNITY NOW IS TO MAKE THE LEAN DATA PROCESS EVEN SIMPLER AND MORE REPEATABLE. WE'RE STANDARDIZING OUR QUESTIONS TO CREATE SPECIFIC LEAN DATA PRODUCTS, TRIED-AND-TESTED SURVEY TOOLS THAT CAN BE EASILY ADAPTED BY ANYONE DOING THIS WORK. AS THE LEAN DATA APPROACH BECOMES WIDELY ADOPTED BOTH WITHIN AND OUTSIDE ACUMEN, WE WILL LEARN AT SCALE WHAT REALLY MATTERS TO LOW-INCOME CUSTOMERS, MAKING IT POSSIBLE FOR ACUMEN AND OTHER INVESTORS TO FOCUS CAPITAL WHERE IT WILL HAVE THE MOST IMPACT, NOT JUST WHERE IT WILL CREATE THE GREATEST FINANCIAL RETURN. THROUGHOUT THE YEAR, WE CONTINUED TO COMMUNICATE ACUMEN'S WORK AND CORE IDEAS THROUGH ACUMEN IDEAS, OUR NEW STORYTELLING PLATFORM ON MEDIUM.COM, AS WELL AS THROUGH PRESENTATIONS AT LEADING CONFERENCES, WIDELY DISSEMINATED ARTICLES AND WORKSHOPS HELD GLOBALLY THAT COVERED ISSUES RANGING FROM IMPACT TO LEADERSHIP AND TO THE CAPITAL NEEDED TO BUILD SOCIAL ENTERPRISES THAT SERVE THE POOR. ACUMEN'S WORK AND INVESTMENTS WERE FEATURED IN TOP-TIER INTERNATIONAL, MEDIA OUTLETS INCLUDING FAST COMPANY, THE FINANCIAL TIMES, FORBES, THE ECONOMIST, AND VARIOUS PUBLICATIONS IN PAKISTAN, AFRICA, INDIA AND LATIN AMERICA. OUR FOUNDER AND CEO JACQUELINE NOVOGRATZ RECEIVED THE 2016 FORBES 400 LIFETIME ACHIEVEMENT AWARD IN HONOR OF ACUMEN'S 15 YEARS OF WORK. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,256,661 | ExpenseAmt |
| Desc | FELLOWS AND LEADERSHIP PROGRAMS AT THE END OF Q4 2016, WE REACHED A CUMULATIVE 385 FELLOWS, WHO TOOK PART IN ACUMEN'S GLOBAL AND REGIONAL LEADERSHIP PROGRAMS. WE RECEIVED MORE THAN 1,200 APPLICATIONS FROM 105 COUNTRIES FOR OUR 10TH CLASS OF GLOBAL FELLOWS AND WELCOMED PEOPLE FROM MORE THAN 10 NATIONS, RANGING FROM BHUTAN TO BRAZIL TO LITHUANIA, TO BECOME PART OF THE YEAR'S COHORT. WE ALSO SAW CONTINUED GROWTH AFTER THE LAUNCH OF OUR PAKISTAN AND INDIA FELLOWS PROGRAMS. THE CLASSES OF OUR REGIONAL FELLOWS IN EAST AFRICA, INDIA AND PAKISTAN WERE EQUALLY DIVERSE AND INTERESTING AS OUR GLOBAL FELLOWS, HARKING FROM A VARIETY OF DIFFERENT FIELDS INCLUDING CORPORATIONS, SOCIAL ENTERPRISES, NGOS AND GOVERNMENT.WE ALSO SAW THE RAPID EXPANSION OF +ACUMEN, OUR ONLINE LEARNING PLATFORM FOR PEOPLE LOOKING TO CREATE SOCIAL CHANGE, WHICH HAS BECOME THE LARGEST MASSIVE OPEN ONLINE COURSE PROVIDER IN THE SOCIAL SECTOR. AS OF Q4 2016, THE +ACUMEN CHAPTER NETWORK HAS EXPANDED TO 26 CHAPTERS AND +ACUMEN'S ONLINE COURSES HAS GROWN TO MORE THAN 300,000 SIGN-UPS WITH COURSE-TAKERS COMING FROM 190 COUNTRIES. IN THE PAST YEAR, +ACUMEN LAUNCHED SEVERAL NEW FREE ONLINE COURSES IN PARTNERSHIP WITH CORPORATIONS AND ORGANIZATIONS LIKE AMERICAN EXPRESS, ACCION INTERNATIONAL, IDEO.ORG, GRAMEEN FOUNDATION AND FOSSIL FOUNDATION, ALL COMMITTED TO HELPING ADVANCE THE WORK AND EDUCATION OF SOCIAL ENTREPRENEURS AND INDIVIDUALS INTERESTED IN CREATING CHANGE DOMESTICALLY AND INTERNATIONALLY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $15,116,171 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| 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 | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 72 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | GH | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | KE | ForeignCountryCd |
| Foreign Country | PK | ForeignCountryCd |
| Foreign Country | CO | ForeignCountryCd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | MP | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | 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 | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | 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 | 32.00 | 8.00 | Yes (X) | Yes (X) | $351,901 | $0 | $26,734 | ||
| ROBERT H NIEHAUS | |||||||||
| BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MARGO ALEXANDER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| C HUNTER BOLL | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT BOB COLLYMORE | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| STUART DAVIDSON | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JULIUS GAUDIO | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID HELLER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| NATE LAURELL | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM E MAYER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAT MITCHELL | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL E NOVOGRATZ | |||||||||
| DIRECTOR THUR APRIL 2016 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GV PRASAD | |||||||||
| DIRECTOR THUR APRIL 2016 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THULASIRAJ RAVILLA | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHAIZA RIZAVI | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALI J SIDDIQUI | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSEPH E STIGLITZ | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CARLYLE SINGER JONES | |||||||||
| PRESIDENT | 39.50 | 0.50 | Yes (X) | $288,153 | $0 | $23,389 | |||
| SACHINDRA RUDRA | |||||||||
| CHIEF INVESTMENT OFFICER | 27.00 | 13.00 | Yes (X) | $266,563 | $0 | $15,932 | |||
| ALEXANDER DICHTER | |||||||||
| CHIEF INNOVATION OFFICER | 39.50 | 0.50 | Yes (X) | $241,013 | $0 | $37,238 | |||
| AMRITA BHANDARI | |||||||||
| CFO UNTIL SEPTEMBER 2016/ADVISOR | 34.50 | 5.50 | Yes (X) | $175,195 | $0 | $5,566 | |||
| JACQUELINE WOO | |||||||||
| CFO FROM SEPTEMBER 2016 | 37.50 | 2.50 | Yes (X) | $59,507 | $0 | $8,184 | |||
| LYNN ROLAND | |||||||||
| BOARD SECRETARY/GENERAL COUNSEL | 23.50 | 16.50 | Yes (X) | $203,197 | $0 | $6,468 | |||
| SABRINA N DUPRE | |||||||||
| GLOBAL HEAD OF BRAND STRATEGY & COMMUNICATION | 40.00 | $197,396 | $0 | $16,991 | Yes (X) | ||||
| YASMINA ZAIDMAN | |||||||||
| DIRECTOR,STRATEGIC PARTERSHIPS | 40.00 | $186,291 | $0 | $5,961 | Yes (X) | ||||
| CATHERINE C NANDA | |||||||||
| DIRECTOR, SAN FRANCISCO | 40.00 | $179,793 | $0 | $29,403 | Yes (X) | ||||
| JO-ANN TAN | |||||||||
| LEAD ARCHITECT, +ACUMEN | 40.00 | $152,641 | $0 | $4,951 | Yes (X) | ||||
| SEAN MOORE | |||||||||
| ASSOCIATE DIRECTOR | 19.00 | 21.00 | $139,634 | $0 | $12,579 | Yes (X) | |||
| AMON ANDERSON | |||||||||
| ASSOCIATE DIRECTOR | 40.00 | $120,293 | $0 | $11,814 | Yes (X) | ||||
| JOANNA OPOT | |||||||||
| HEAD OF BUSINESS DEVLEOPMENT, WEST COAST | 40.00 | $114,404 | $0 | $27,521 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,675,981 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $232,731 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 19 | 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 |
|---|---|---|---|---|---|
| ATLAS SERVICE CORPS INC | |||||
| 641 S STREET NW STE 202 | WASHINGTON | DC | 20001 | GLOBAL FELLOWS PROGRAM MANAGER | $526,478 |
| AIRPLUS | |||||
| 225 REINEKERS LN 500 | ALEXANDRIA | VA | 22314 | TRAVEL SERVICES | $272,666 |
| EFRONT FINANCIAL SOLUTION INC | |||||
| 11 E 44TH ST STE 900 | NEW YORK | NY | 10017 | VENDOR - SOFTWARE | $231,700 |
| IDINSIGHT | |||||
| 350 TOWNSEND ST STE 407 | SAN FRANCISCO | CA | 94107 | VENDOR - IMPACT RESEARCH | $163,630 |
| ADP TOTALSOURCE GROUP INC | |||||
| 10200 SUNSET DRIVE | MIAMI | FL | 33173 | PEO SERVICE FEE | $157,226 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $2,153,300 | FundraisingAmt |
| Government Grants | $2,554,750 | GovernmentGrantsAmt |
| All Other Contributions | $24,468,654 | AllOtherContributionsAmt |
| Noncash Contributions | $237,330 | NoncashContributionsAmt |
| Total Contributions | $29,176,704 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAMMATIC FEES | 900099 | $807,547 | $807,547 |
| PGM RELATED LOAN INC | 900099 | $344,623 | $344,623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,152,170 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $85,804 | TotalRevenueColumnAmt |
| Exclusion | $85,804 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,961 | TotalRevenueColumnAmt |
| Exclusion | $10,961 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $300,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $526,358 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$226,358 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$226,358 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$226,358 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $106,520 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $2,153,300 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $496,594 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$390,074 | TotalRevenueColumnAmt |
| Exclusion | -$390,074 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| REIMBURSEMENT/REFUND | 900099 | $529,998 | $529,998 |
| OTHER FEES/INCOME | 900099 | $24,568 | $24,568 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $554,566 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,363,773 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $925,812 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $261,257 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,000 | TotalAmt |
| Program Services | $158,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,271 | TotalAmt |
| Program Services | $446,271 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,115,679 | TotalAmt |
| Program Services | $1,124,277 | ProgramServicesAmt |
| Management And General | $517,467 | ManagementAndGeneralAmt |
| Fundraising | $473,935 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,756,628 | TotalAmt |
| Program Services | $4,175,465 | ProgramServicesAmt |
| Management And General | $764,739 | ManagementAndGeneralAmt |
| Fundraising | $816,424 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,073 | TotalAmt |
| Program Services | $66,626 | ProgramServicesAmt |
| Management And General | $13,194 | ManagementAndGeneralAmt |
| Fundraising | $10,253 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $494,490 | TotalAmt |
| Program Services | $352,368 | ProgramServicesAmt |
| Management And General | $81,304 | ManagementAndGeneralAmt |
| Fundraising | $60,818 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,998 | TotalAmt |
| Program Services | $326,925 | ProgramServicesAmt |
| Management And General | $75,541 | ManagementAndGeneralAmt |
| Fundraising | $100,532 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,226 | TotalAmt |
| Program Services | $101,689 | ProgramServicesAmt |
| Management And General | $31,423 | ManagementAndGeneralAmt |
| Fundraising | $24,114 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,896 | TotalAmt |
| Program Services | $98,288 | ProgramServicesAmt |
| Management And General | $17,533 | ManagementAndGeneralAmt |
| Fundraising | $2,075 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,838 | TotalAmt |
| Program Services | $85,190 | ProgramServicesAmt |
| Management And General | $39,367 | ManagementAndGeneralAmt |
| Fundraising | $24,281 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,337,602 | TotalAmt |
| Program Services | $3,042,674 | ProgramServicesAmt |
| Management And General | $221,694 | ManagementAndGeneralAmt |
| Fundraising | $73,234 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,448 | TotalAmt |
| Program Services | $122,677 | ProgramServicesAmt |
| Management And General | $7,802 | ManagementAndGeneralAmt |
| Fundraising | $6,969 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $349,666 | TotalAmt |
| Program Services | $236,232 | ProgramServicesAmt |
| Management And General | $45,113 | ManagementAndGeneralAmt |
| Fundraising | $68,321 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $359,837 | TotalAmt |
| Program Services | $197,300 | ProgramServicesAmt |
| Management And General | $78,737 | ManagementAndGeneralAmt |
| Fundraising | $83,800 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $718,458 | TotalAmt |
| Program Services | $411,727 | ProgramServicesAmt |
| Management And General | $183,728 | ManagementAndGeneralAmt |
| Fundraising | $123,003 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $767,863 | TotalAmt |
| Program Services | $579,643 | ProgramServicesAmt |
| Management And General | $122,744 | ManagementAndGeneralAmt |
| Fundraising | $65,476 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,577 | TotalAmt |
| Program Services | $195,423 | ProgramServicesAmt |
| Management And General | $68,244 | ManagementAndGeneralAmt |
| Fundraising | $8,910 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,857 | TotalAmt |
| Program Services | $159,947 | ProgramServicesAmt |
| Management And General | $44,316 | ManagementAndGeneralAmt |
| Fundraising | $53,594 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,135 | TotalAmt |
| Program Services | $26,834 | ProgramServicesAmt |
| Management And General | $8,353 | ManagementAndGeneralAmt |
| Fundraising | $9,948 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROV FOR PORTFOLIO LOSS | $3,155,599 | $3,155,599 | |
| CORPORATE TAXES | $54,541 | $53,016 | $1,525 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,444,682 | TotalAmt |
| Program Services | $15,116,171 | ProgramServicesAmt |
| Management And General | $2,322,824 | ManagementAndGeneralAmt |
| Fundraising | $2,005,687 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,205,098 | BOYAmt |
| EOY | $178,330 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,062,176 | BOYAmt |
| EOY | $36,030,978 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,828,308 | BOYAmt |
| EOY | $17,517,002 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,000,974 | BOYAmt |
| EOY | $1,899,215 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $187,124 | BOYAmt |
| EOY | $462,918 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,680,499 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,101,109 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $487,414 | BOYAmt |
| EOY | $579,390 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,959 | BOYAmt |
| EOY | $500,959 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,829,779 | BOYAmt |
| EOY | $56,335,643 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $670,136 | BOYAmt |
| EOY | $718,713 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,771,968 | BOYAmt |
| EOY | $114,223,148 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,401,512 | BOYAmt |
| EOY | $2,071,343 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,401,512 | BOYAmt |
| EOY | $2,071,343 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,601,579 | BOYAmt |
| EOY | $80,247,407 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,768,877 | BOYAmt |
| EOY | $31,904,398 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,370,456 | BOYAmt |
| EOY | $112,151,805 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,771,968 | BOYAmt |
| EOY | $114,223,148 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,919,091 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$137,742 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 | $9,171,604 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,276,219 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,371,359 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $22,558,173 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,176,704 | CurrentTaxYearAmt |
| Total | $94,554,059 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,171,604 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $15,276,219 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,371,359 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $22,558,173 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,176,704 | CurrentTaxYearAmt |
| Total | $94,554,059 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,840,731 | SubstantialContributorsTotAmt |
| Public Support Total170 | $75,713,328 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $116,788 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $75,451 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $61,519 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $60,003 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $96,765 | CurrentTaxYearAmt |
| Total | $410,526 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $122,124 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $79,080 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,082 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,151 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $554,566 | CurrentTaxYearAmt |
| Total | $763,003 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $95,727,588 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,823,313 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.79090 | PublicSupportCY170Pct |
| Public Support PY170 | 0.83220 | 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 - 2012 AMOUNT: $ 10,140. 2013 AMOUNT: $ 450. 2014 AMOUNT: $ 343. 2015 AMOUNT: $ 6. 2016 AMOUNT: $ 24,568. SPEAKER FEE - 2012 AMOUNT: $ 33,980. 2013 AMOUNT: $ 42,658. 2015 AMOUNT: $ 2,145. FOREIGN CURRENCY GAIN/LOSS - 2012 AMOUNT: $ 78,004. 2013 AMOUNT: $ 35,972. LOAN CLOSING FEES - 2014 AMOUNT: $ 4,739. REIMBURSEMENT/REFUND - 2016 AMOUNT: $ 529,998. | 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 | $319,031 | OtherCostOrOtherBasisAmt |
| Depreciation | $269,228 | DepreciationAmt |
| Book Value | $49,803 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $873,867 | OtherCostOrOtherBasisAmt |
| Depreciation | $633,644 | DepreciationAmt |
| Book Value | $240,223 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $487,601 | OtherCostOrOtherBasisAmt |
| Depreciation | $198,237 | DepreciationAmt |
| Book Value | $289,364 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $579,390 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA | $17,848,233 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA | $13,957,891 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - USA | $13,074,032 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA | $3,046,557 | C |
| PROGRAM RELATED DEBT INVESTMENTS - S.ASIA | $2,127,232 | C |
| PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA | $3,640,787 | C |
| PROGRAM RELATED DEBT INVESTMENTS - USA | $2,137,496 | C |
| PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA | $503,415 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $56,335,643 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $29,592,186 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $1,226,202 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$1,787,218 | OtherRevenueAmt |
| Revenue Not Reported | -$561,016 | RevenueNotReportedAmt |
| Revenue Subtotal | $30,153,202 | RevenueSubtotalAmt |
| Other Revenues Not Included | $210,571 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $210,571 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $30,363,773 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $19,919,351 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,226,202 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $2,404,066 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,630,268 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,289,083 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,155,599 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,155,599 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $19,444,682 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | ACUMEN RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE THAN 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 NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2013. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 27,748. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND INDIA 1,485,121. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND INDIA TRUST 34,494. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND PAKISTAN 515,678. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN CAPITAL MARKETS I LP 149,061. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND CANADA 213,411. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN CAPITAL PARTNERS LLC 398,404. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -1,972,448. PROVISION FOR PORTFOLIO LOSSES RECLASSIFICATION -3,155,599. FOREIGN CURRENCY TRANSLATION GAIN INCLUDED IN AUDIT 45,081. RELATED PARTY FOREIGN CURRENCY TRANSLATION GAIN/ (LOSS) INCLUDED IN AUDIT -24,763. FUNDRAISING EXPENSES INCLUDED IN PART IX 496,594. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | WRITE-OFF ON LOAN RECEIVABLE 210,571. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND INDIA 1,180,055. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND INDIA TRUST 281,373. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND PAKISTAN 963,149. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN CAPITAL MARKETS I LP 511,745. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN CAPITAL PARTNERS LLC 442,261. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -1,471,111. FUNDRAISING EXPENSES INCLUDED IN PART IX 496,594. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PROVISION FOR PORTFOLIO LOSSES RECLASSIFICATION 3,155,599. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| SOUTH ASIA | 2 | 27 | PROGRAM SERVICE | PORTFOLIO MANAGEMENT AND FELLOWS PROGRAM | $1,463,688 |
| SUB-SAHARAN AFRICA | 2 | 12 | PROGRAM SERVICE | PORTFOLIO MANAGEMENT AND FELLOWS PROGRAM | $2,014,245 |
| SOUTH AMERICA | 1 | 5 | PROGRAM SERVICE | PORTFOLIO MANAGEMENT | $445,000 |
| SOUTH ASIA | GRANT MAKING | $63,000 | |||
| SUB-SAHARAN AFRICA | GRANT MAKING | $368,841 | |||
| SOUTH AMERICA | GRANT MAKING | $14,430 | |||
| SOUTH ASIA | PROGRAM RELATED INVESTMENTS | $19,975,465 | |||
| SUB-SAHARAN AFRICA | PROGRAM RELATED INVESTMENTS | $17,598,678 | |||
| SOUTH AMERICA | PROGRAM RELATED INVESTMENTS | $3,549,972 | |||
| EUROPE | 1 | 9 | PROGRAM SERVICES AND FUND RAISING - SALARY EXPENSE | $804,146 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 5 | SubtotalOfficesCnt |
| Subtotal Employees | 44 | SubtotalEmployeesCnt |
| Continutation Total Office | 1 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 9 | ContinutationTotalEmployeeCnt |
| Total Office | 6 | TotalOfficeCnt |
| Total Employee | 53 | TotalEmployeeCnt |
| Subtotal Spent | $41,943,347 | SubtotalSpentAmt |
| Continuation Spent | $4,354,118 | ContinuationSpentAmt |
| Total Spent | $46,297,465 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| SOUTH ASIA | TECHNICAL ASSISTANCE GRANTS | $63,000 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | TECHNICAL ASSISTANCE GRANTS | $368,841 | WIRE TRANSFER |
| SOUTH AMERICA | TECHNICAL ASSISTANCE GRANTS | $14,430 | WIRE TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | PROGRAM-RELATED GRANTS: THE ORGANIZATION MAKES LARGE GRANTS TO ITS RELATED ENTITIES TO FUND THEIR OPERATIONS, THE ACTIVITIES OF WHICH ARE MANAGED 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 BOARD SEAT ON THE INVESTEE COMPANY 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 ANY PERIODIC REPORTS SUBMITTED BY THE GRANTEE AS WELL AS THE ANNUAL REPORT OF THE ORGANIZATION (IF APPLICABLE) TO ENSURE PROPER UTILIZATION OF GRANT FUNDS BY THE GRANTEE. GRANT AGREEMENTS OFTEN REQUIRE THE RIGHT TO INSPECT AND AUDIT THE RECORDS OF THE GRANTEE REGARDING PROPER USE OF FUNDS. THE GRANT AGREEMENT SIGNED BY THE GRANTEE TYPICALLY STATES THAT ALL OR ANY PORTION OF GRANT FUNDS USED IN A MANNER OR PURPOSE OTHER THAN THOSE DESCRIBED IN THE GRANT AGREEMENT MUST BE RETURNED TO ACUMEN. |
| PART I, LINE 3: | PROGRAM-RELATED INVESTMENTS: THE ORGANIZATION HAS A COMPLEX FINANCIAL STRUCTURE THAT IS NOT EASILY SHOWN IN THE FORM 990. TO BETTER UNDERSTAND THE INFORMATION BEING PROVIDED, THE READER SHOULD APPROACH THE FINANCIAL STATEMENTS WITH TWO KEY PIECES OF INFORMATION IN MIND. FIRST, ACUMEN IS LIKE 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 IN DEVELOPING COUNTRIES. THIS 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 SPIN-OFF BENEFITS TO CUSTOMERS SERVED - TYPICALLY THE POOREST POPULATIONS WHO LIVE ON LESS THAN A FEW DOLLARS PER DAY. THE ACCOUNTING METHOD USED TO ACCOUNT FOR EXPENDITURES IS THE ACCRUAL METHOD. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 15TH YEAR GALA | Event1Nm |
| Gross Receipts Event1 | $2,259,820 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $2,153,300 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $106,520 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $212,034 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $8,429 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $7,102 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $269,029 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $2,259,820 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $2,153,300 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $106,520 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $212,034 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $8,429 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $7,102 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $269,029 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $496,594 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$390,074 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|
| BIOLITE INC | |||||||
| 65 JAY STREET | BROOKLYN | NY | 11201 | 272826296 | $87,000 | TECHNICAL ASSISTANCE GRANT | |
| ROOT CAPITAL | |||||||
| 130 BISHOP ALLEN DR 2ND FLOOR | CAMBRIDGE | MA | 02139 | 043478123 | $46,000 | TECHNICAL ASSISTANCE GRANT | 501(C)(3) |
| HEALTHIFY INC | |||||||
| 1201 BROADWAY 701 | NEW YORK | NY | 10001 | 463533797 | $25,000 | TECHNICAL ASSISTANCE GRANT | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MAKES VERY FEW GRANTS. THOSE GRANTS MADE ARE OCCASIONALLY PASS-THROUGH GRANTS CONTRIBUTED FROM OTHER FUNDING ORGANIZATIONS. IN ALL CASES, THE ORGANIZATION HAS A THOROUGH UNDERSTANDING OF THE WORK BEING UNDERTAKEN AND A FAMILIARITY WITH THE GRANTEE UNDERTAKING THE WORK. FOLLOW UP MONITORING IS PERFORMED BY VERBAL CHECK-INS, PERIODIC PROGRESS REPORTS AND FINAL WRITTEN GRANT PERFORMANCE REPORTS AT THE CONCLUSION OF THE GRANT PERIOD. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 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 (11 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 | $335,901 | $0 | $16,000 | $0 | $0 | $0 | $10,557 | $0 | $16,177 | $0 | $378,635 | $0 | $0 | $0 |
| CARLYLE SINGER JONES | ||||||||||||||
| PRESIDENT | $274,903 | $0 | $13,250 | $0 | $0 | $0 | $8,645 | $0 | $14,744 | $0 | $311,542 | $0 | $0 | $0 |
| SACHINDRA RUDRA | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $254,563 | $0 | $12,000 | $0 | $0 | $0 | $7,997 | $0 | $7,935 | $0 | $282,495 | $0 | $0 | $0 |
| ALEXANDER DICHTER | ||||||||||||||
| CHIEF INNOVATION OFFICER | $227,998 | $0 | $13,015 | $0 | $0 | $0 | $7,230 | $0 | $30,008 | $0 | $278,251 | $0 | $0 | $0 |
| AMRITA BHANDARI | ||||||||||||||
| CFO UNTIL SEPTEMBER 2016/ADVISOR | $166,427 | $0 | $8,768 | $0 | $0 | $0 | $5,256 | $0 | $310 | $0 | $180,761 | $0 | $0 | $0 |
| LYNN ROLAND | ||||||||||||||
| BOARD SECRETARY/GENERAL COUNSEL | $190,707 | $0 | $12,490 | $0 | $0 | $0 | $6,096 | $0 | $372 | $0 | $209,665 | $0 | $0 | $0 |
| SABRINA N DUPRE | ||||||||||||||
| GLOBAL HEAD OF BRAND STRATEGY & COMM | $184,796 | $0 | $12,600 | $0 | $0 | $0 | $5,922 | $0 | $11,069 | $0 | $214,387 | $0 | $0 | $0 |
| YASMINA ZAIDMAN | ||||||||||||||
| DIRECTOR,STRATEGIC PARTERSHIPS | $173,576 | $0 | $12,715 | $0 | $0 | $0 | $5,589 | $0 | $372 | $0 | $192,252 | $0 | $0 | $0 |
| CATHERINE C NANDA | ||||||||||||||
| DIRECTOR, SAN FRANCISCO | $169,068 | $0 | $10,725 | $0 | $0 | $0 | $5,394 | $0 | $24,009 | $0 | $209,196 | $0 | $0 | $0 |
| JO-ANN TAN | ||||||||||||||
| LEAD ARCHITECT, +ACUMEN | $144,047 | $0 | $8,594 | $0 | $0 | $0 | $4,579 | $0 | $372 | $0 | $157,592 | $0 | $0 | $0 |
| SEAN MOORE | ||||||||||||||
| ASSOCIATE DIRECTOR | $139,634 | $0 | $0 | $0 | $0 | $0 | $4,189 | $0 | $8,390 | $0 | $152,213 | $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 | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $237,330 | 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 1, COLUMN (B) OF SCHEDULE M. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JACQUELINE NOVOGRATZ AND MICHAEL E. NOVOGRATZ HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 3 | BEGINNING IN 2004, THE ORGANIZATION BEGAN USING 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 AND 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 12/31/16 IS $157,226. |
| 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 FULL 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 AFFILIATE'S BOARD MEMBERS, MEMBERS OF THE INVESTMENT COMMITTEE, OFFICERS, KEY EMPLOYEES, INDIVIDUALS IN THOSE ROLES IN THE PRIOR 5 YEARS 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 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 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. IT SEEKS TO BENCHMARK AGAINST THESE COMPARATIVE FIGURES WHEN SETTING COMPENSATION FOR ITS CHIEF EXECUTIVE OFFICER AND PRESIDENT. THE ORGANIZATION WILL ALSO CONSIDER JOB PERFORMANCE AND ALTERNATIVE EMPLOYMENT OFFERS 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 COMPRISED 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 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. THIS PROCESS WAS LAST UNDERTAKEN IN 2016. THE CEO, IN CONSULTATION WITH THE PRESIDENT AND HEAD 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. |
| FORM 990, PART IX, LINE 11G | PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 1,195,223. MANAGEMENT AND GENERAL EXPENSES 56,125. FUNDRAISING EXPENSES 53,701. TOTAL EXPENSES 1,305,049. WEB MEDIA & DESIGN CONSULTANTS: PROGRAM SERVICE EXPENSES 212,853. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212,853. INDIA PROGRAM SERVICE FEE: PROGRAM SERVICE EXPENSES 1,463,688. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,463,688. CONFERENCE AND MEMBERSHIP FEES: PROGRAM SERVICE EXPENSES 26,271. MANAGEMENT AND GENERAL EXPENSES 13,300. FUNDRAISING EXPENSES 19,233. TOTAL EXPENSES 58,804. RECRUITING FEES: PROGRAM SERVICE EXPENSES 29,849. MANAGEMENT AND GENERAL EXPENSES 137,501. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 167,350. TRAINING FEES: PROGRAM SERVICE EXPENSES 114,790. MANAGEMENT AND GENERAL EXPENSES 14,768. FUNDRAISING EXPENSES 300. TOTAL EXPENSES 129,858. |
| FORM 990, PART XI, LINE 9: | FOREIGN CURRENCY TRANSLATION GAIN 45,081. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 27,748. WRITE-OFF ON LOAN RECEIVABLE -210,571. |
| FORM 990, PART XII, LINE 2C: | ACUMEN FUND, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM 2015. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|
| ACUMEN (PAKISTAN) | |||||||||
| 11-C 4TH FL1ST COMMERCIAL LANE S | KARACHI | PK | INVESTING IN SOCIAL ENTERPRISES | PK | 501(C)(3) | LINE 7 | ACUMEN FUND INC | Yes (1) | |
| ACUMEN FUND CANADA | |||||||||
| 700 WEST GEORGIA STREET 25TH FLOOR | VANCOUVER | CA | ALLEVIATE POVERTY | CA | 501(C)(3) | LINE 7 | ACUMEN FUND INC | Yes (1) | V7Y 1B3 |
| ACUMEN TRUST HYDERABAD | |||||||||
| 6-3-248F ROAD NO1 LE BENAKA B | HYDERABAD | IN | LEADERSHIP | IN | 501(C)(3) | LINE 7 | ACUMEN FUND INC | Yes (1) | |
| AF TRUST | |||||||||
| 201 DHEERAJI PLAZA HILL ROAD BAN | MUMBAI | IN | LEADERSHIP | IN | 501(C)(3) | LINE 7 | ACUMEN FUND INC | Yes (1) | 400050 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 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 | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | 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 | $13,942 | $5,138,884 | 0 | Yes (1) | 0.15200 | |
| ACUMEN CAPITAL MARKETS INVESTMENTS LLC | ||||||||||||||
| 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 364796906 | CARRY VEHICLE | DE | ACUMEN CAPITAL PARTNERS LLC | RELATED | 0 | Yes (1) | ||||
| KAWISAFI VENTURES LIMITED | ||||||||||||||
| 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 320466550 | INVESTING IN SOCIAL ENTERPRISES | ACUMEN CAPITAL PARTNERS LLC | RELATED | $3,209,715 | 0 | Yes (1) | 0.29310 | MP | ||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | 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 PRIVATE LIMITED | ||||||||||||||||||
| 203 DHEERAJ PLAZA HILL ROAD | BANDRA WEST | MUMBAI | IN | 400050 | ADVISORY SERVICES | IN | ACUMEN FUND INC | C | $1,483,636 | $1,557,569 | 0.99900 | Yes (1) | ||||||
| ACUMEN CAPITAL PARTNERS LLC | ||||||||||||||||||
| FUND MANAGER | ACUMEN FUND INC | C | $398,404 | $26,309 | 1.00000 | Yes (1) | 40 WORTH STREET STE 303 | NEW YORK | NY | 10013 | 320450985 | DE | ||||||
| UNDER THE MANGO TREE | ||||||||||||||||||
| A 412 BYCULLA SERVICE INDUSTRIES C | BYCULLA | MUMBAI | IN | BEEKEEPING | IN | ACUMEN FUND INC | C | -$119,400 | $370,588 | 0.82130 | 0 | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | 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 | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED | ||
| M | $1,463,688 | FMV |
| ACUMEN CAPITAL MARKETS I LP | ||
| L | $241,153 | FMV |
| ACUMEN CAPITAL PARTNERS LLC | ||
| J | $10,923 | FMV |