ACUMEN FUND INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- ACUMEN FUND INC (EIN 13-4166228)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-08-17
- IRS object ID
- 201542299349302359
- Schema version
- 2014v5.0
- 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 I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-08-17T11:20:45-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | 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 | 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 | 2014-01-01 | 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 | 76 NINTH AVENUE NO 315 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMRITA BHANDARI | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 6467473687 | PhoneNum |
| Signature | 2015-08-17 | 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 | 2015-08-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | 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 | 76 NINTH AVENUE NO 315 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,573,555 | 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 SOCIAL ENTERPRISES, EMERGING LEADERS,AND BREAKTHROUGH 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, HOUSING, ENERGY, EDUCATION, AND AGRICULTURAL INPUTS AND SERVICES - 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 | 78 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,276,219 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,371,359 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,321,335 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $743,453 | CYProgramServiceRevenueAmt |
| PY Investment Income | $67,410 | PYInvestmentIncomeAmt |
| CY Investment Income | -$393,477 | CYInvestmentIncomeAmt |
| PY Other Revenue | $87,421 | PYOtherRevenueAmt |
| CY Other Revenue | $10,595 | CYOtherRevenueAmt |
| PY Total Revenue | $16,752,385 | PYTotalRevenueAmt |
| CY Total Revenue | $18,731,930 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,006,749 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $975,304 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,081,615 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,452,108 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,814,519 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,367,258 | PYOtherExpensesAmt |
| CY Other Expenses | $8,444,137 | CYOtherExpensesAmt |
| PY Total Expenses | $15,455,622 | PYTotalExpensesAmt |
| CY Total Expenses | $16,871,549 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,296,763 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,860,381 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $94,568,107 | TotalAssetsBOYAmt |
| Total Assets EOY | $96,563,935 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $761,160 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,246,537 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $93,806,947 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $95,317,398 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ACUMEN FUND IS WORKING TO CREATE A WORLD BEYOND POVERTY BY INVESTING IN SOCIAL ENTERPRISES, EMERGING LEADERS AND BREAKTHROUGH IDEAS. WE INVEST PATIENT CAPITAL IN BUSINESSES THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO THE POOR, IMPROVING THE LIVES OF MILLIONS IN SOUTH ASIA, SUB-SAHARAN AFRICA AND LATIN AMERICA.SINCE 2001, ACUMEN FUND HAS INVESTED MORE THAN $88 MILLION IN ENTERPRISES THAT PROVIDE PRODUCTS AND SERVICES THAT INCLUDE AFFORDABLE MATERNAL HEALTHCARE SERVICES, ASSET-BACKED FINANCING FOR SMALLHOLDER FARMERS, AND SKILLS-TRAINING FOR EMPLOYMENT. WE ARE BUILDING A GLOBAL COMMUNITY OF EMERGING LEADERS THAT BELIEVE IN CREATING A MORE INCLUSIVE WORLD THROUGH THE TOOLS OF BOTH BUSINESS AND PHILANTHROPY. IN ADDITION, WE ARE SHARING OUR LESSONS AND SPREADING INNOVATIVE IDEAS TO CHANGE THE WAY THE WORLD TACKLES POVERTY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $9,163,936 | ExpenseAmt |
| Grant | $863,444 | GrantAmt |
| Revenue | $293,970 | 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, HEALTH, ENERGY, HOUSING, EDUCATION AND AGRICULTURAL SERVICES TO LOW-INCOME CUSTOMERS. IN ADDITION TO ACUMEN'S WORK IN INDIA, PAKISTAN, EAST AND WEST AFRICA, ACUMEN HAS MOST RECENTLY EXPANDED ITS WORK INTO LATIN AMERICA. ACUMEN HAS CUMULATIVELY INVESTED $88 MILLION IN 82 BUSINESSES SERVING THE POOR. POST-INVESTMENT MANAGEMENT HAS CONTINUED TO BE A KEY PRIORITY FOR ACUMEN IN 2014. 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. ACUMEN PARTNERED WITH UNILEVER AND THE CLINTON GIUSTRA ENTERPRISE PARTNERSHIP (CGEP) TO LAUNCH THE ENHANCING LIVELIHOODS INVESTMENT INITIATIVE, TO IMPROVE THE LIVELIHOODS OF AS MANY AS 300,000 SMALLHOLDER FARMERS AND THEIR COMMUNITIES IN AFRICA, AND SOUTH ASIA. IN ADDITION, ACUMEN HOSTED ITS SECOND TECHNICAL ASSISTANCE INITIATIVE SUMMIT IN NAIROBI IN PARTNERSHIP WITH DOW AND BARCLAYS TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO HELP SCALE FIVE OF OUR INVESTEE COMPANIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,560,608 | ExpenseAmt |
| Grant | $111,860 | GrantAmt |
| Desc | IMPACT AND COMMUNICATIONS:THE GOAL OF THE IMPACT AND COMMUNICATIONS TEAMS AT ACUMEN IS TO SUPPORT ITS MISSION OF CHANGING THE WAY THE WORLD TACKLES POVERTY BY SHARING THE INSIGHTS FROM OUR PORTFOLIO TO STRENGTHEN APPROACHES THAT ADDRESS POVERTY THROUGH ENTREPRENEURIAL SOLUTIONS. ACUMEN'S IMPACT TEAM CONTINUES TO ADVANCE THE ORGANIZATION'S ROLE IN LEADING AND MEASURING IMPACT IN THE IMPACT-INVESTING INDUSTRY. IN 2014, THE IMPACT TEAM REFINED THE FRAMEWORK WE HAD DEVELOPED IN 2013 TO MEASURE AND ASSESS IMPACT AT ACUMEN. THE FRAMEWORK OUTLINES THREE ASPECTS OF OUR IMPACT RATIONALE INCLUDING: BREADTH, BROADLY SYNONYMOUS WITH SCALE - HOW MANY PEOPLE ARE OUR INVESTEES' PRODUCTS AND SERVICES REACHING? DEPTH: WHAT IS OUR THEORY OF CHANGE AND HOW DEEPLY ARE OUR COMPANIES IMPACTING A HOUSEHOLD'S WELL-BEING? POVERTY FOCUS: WHAT IS THE PROFILE OF OUR INVESTEES' TYPICAL CUSTOMER? ARE THEY REACHING THOSE MOST IN NEED? WHAT IS THEIR AFFORDABILITY ASSESSMENT?IN ADDITION, THE IMPACT TEAM HAS ALSO BEEN WORKING TO PILOT NEW LEANER METHODS OF DATA COLLECTION FROM OUR COMPANIES CALLED THE "LEAN DATA INITIATIVE". THIS APPROACH USES THE GRAMEEN FOUNDATION'S PROGRESS OUT OF POVERTY INDEX, AN EASY-TO-ADMINISTER 10 QUESTION TOOL THAT DETERMINES POVERTY LIKELIHOODS TO ASSESS JUST HOW POOR CUSTOMERS OF ACUMEN'S INVESTEE COMPANIES ARE, WITHOUT ADDING THE ADMINISTRATIVE BURDEN TO OFTEN RESOURCE-CONSTRAINED SOCIAL ENTERPRISES. ACUMEN ALSO PUBLISHED A REPORT TITLED GROWING PROSPERITY IN THE LAST QUARTER OF 2014. GROWING PROSPERITY WAS WRITTEN IN PARTNERSHIP WITH BAIN & COMPANY AND PRODUCED WITH SUPPORT FROM THE BILL AND MELINDA GATES FOUNDATION. IT UNVEILS HOW SOCIAL ENTERPRISES CAN FIND NEW, EFFECTIVE WAYS TO PROFITABLY SERVE THESE HARD-TO-REACH CUSTOMERS AT SCALE, SPECIFICALLY FOCUSING ON CASE STUDIES FROM THE AGRICULTURE SECTOR. IN 2014 WE CONTINUED TO COMMUNICATE ACUMEN'S CORE IDEAS THROUGH MAINSTREAM MEDIA, PRESENTATIONS AT LEADING CONFERENCES, WIDELY DISSEMINATED ARTICLES AND WORKSHOPS HELD GLOBALLY COVERING ISSUES SUCH AS LEADERSHIP AND THE TYPES AND STAGES OF CAPITAL NEEDED TO BUILD SOCIAL ENTERPRISES THAT SERVE THE POOR. ACUMEN'S WORK WAS FEATURED IN TOP-TIER U.S. AND GLOBAL OUTLETS INCLUDING THE FINANCIAL TIMES, FORBES, THE NEW YORK TIMES, THE GUARDIAN, AND VARIOUS PUBLICATIONS IN PAKISTAN, AFRICA, INDIA AND EUROPE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,238,530 | ExpenseAmt |
| Desc | FELLOWS AND LEADERSHIP PROGRAMS: AT THE END OF Q4 2014, 183 FELLOWS WERE A PART OF ACUMEN'S GLOBAL AND REGIONAL FELLOWS PROGRAMS AND GROWTH CONTINUED WITH THE LAUNCH OF OUR PAKISTAN AND INDIA FELLOWS PROGRAM AS WELL AS THE RAPID EXPANSION OF THE +ACUMEN ONLINE LEADERSHIP WORK.ACUMEN RECEIVED MORE THAN 700 APPLICATIONS FROM 110 COUNTRIES FOR OUR NINTH CLASS OF 2015 GLOBAL FELLOWS. OUR CLASS OF 2015 HAS FIVE FELLOWS FROM NORTH AMERICA; ONE FROM SOUTH AMERICA, TWO FROM AFRICA, ASIA, AND EUROPE EACH; AND ONE FROM AUSTRALIA. THE CLASSES OF EAST AFRICAN, PAKISTANI AND INDIAN REGIONAL FELLOWS ARE EQUALLY DIVERSE AND INTERESTING, RANGING FROM A VARIETY OF DIFFERENT FIELDS - INCLUDING CORPORATIONS, SOCIAL ENTERPRISES, NGOS, AND GOVERNMENT. AS OF Q4 2014, THE +ACUMEN CHAPTER NETWORK HAS EXPANDED TO 25 CHAPTERS AND +ACUMEN'S ONLINE COURSES HAS GROWN TO MORE THAN 122,000 SIGN-UPS. THIS PAST YEAR, ACUMEN LAUNCHED SEVERAL NEW FREE ONLINE COURSES IN PARTNERSHIP WITH ORGANIZATIONS LIKE ACCION INTERNATIONAL, INDIVIDUALS LIKE ERIK SIMANIS AND BAIN & COMPANY TO HELP SOCIAL ENTREPRENEURS AND INDIVIDUALS INTERESTED IN THE SECTOR BUILD THEIR SKILLS AND KNOWLEDGE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $12,963,074 | 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 | 0 | 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 | 30 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 78 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | 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 |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| 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 | Yes (1) | 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 | AMRITA BHANDARI CHIEF FINANCIAL OFFICER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6467473687 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 76 NINTH AVENUE SUITE 315 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 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 | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JACQUELINE NOVOGRATZ | ||||||||
| CEO & DIRECTOR | 40.00 | 1.00 | Yes (X) | Yes (X) | $302,727 | $0 | $25,186 | |
| ROBERT H NIEHAUS | ||||||||
| BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ALI J SIDDIQUI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREA SOROS COLOMBEL DIRECTOR | ||||||||
| THROUGH JULY 2014 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID HELLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GV PRASAD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH E STIGLITZ | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JULIUS GAUDIO | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KEN OFORI-ATTA | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL E NOVOGRATZ | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NAVEED RIAZ | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PAT MITCHELL | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SHAIZA RIZAVI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STUART DAVIDSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| THULASIRAJ RAVILLA | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM E MAYER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CARLYLE JONES | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 1.00 | Yes (X) | $236,885 | $0 | $16,689 | ||
| ALEXANDER DICHTER | ||||||||
| CHIEF INNOVATION OFFICER | 40.00 | 1.00 | Yes (X) | $200,643 | $0 | $29,842 | ||
| AMRITA BHANDARI | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $150,388 | $0 | $4,884 | |||
| SACHINDRA RUDRA | ||||||||
| CHIEF INVESTMENT OFFICER | 40.00 | 1.00 | Yes (X) | $133,517 | $0 | $7,907 | ||
| LYNN ROLAND | ||||||||
| GENERAL COUNSEL | 40.00 | 1.00 | $175,022 | $0 | $5,623 | Yes (X) | ||
| MARIBETH CARROLL | ||||||||
| DIRECTOR OF TALENT | 40.00 | $165,138 | $0 | $12,610 | Yes (X) | |||
| YASMINA ZAIDMAN | ||||||||
| DIRECTOR OF STRATEGIC PARTNERSHIPS | 40.00 | $163,246 | $0 | $5,269 | Yes (X) | |||
| SHUAIB SIDDIQUI | ||||||||
| DIRECTOR OF PORTFOLIO | 40.00 | $154,797 | $0 | $12,788 | Yes (X) | |||
| BATOOL HASSAN | ||||||||
| DIRECTOR OF FELLOWS | 40.00 | $135,892 | $0 | $13,118 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,818,255 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $133,916 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CAMBRIDGE LEADERSHIP ASSOCIATES | |||||
| 259 WEST 30TH STREET 16TH FLOOR | NEW YORK | NY | 10001 | LEADERSHIP TRAINING | $155,677 |
| O'CONNOR DAVIES LLP | |||||
| 665 FIFTH AVENUE | NEW YORK | NY | 10022 | AUDIT/TAX SERVICES | $102,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $18,371,359 | AllOtherContributionsAmt |
| Noncash Contributions | $1,741,950 | NoncashContributionsAmt |
| Total Contributions | $18,371,359 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PGM RELATED LOAN INC | 900099 | $482,257 | $482,257 |
| PORTFOLIO MGMT FEE | 900099 | $261,196 | $261,196 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $743,453 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,006 | TotalRevenueColumnAmt |
| Exclusion | $56,006 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,513 | TotalRevenueColumnAmt |
| Exclusion | $5,513 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $392,142 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $841,625 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$449,483 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$449,483 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$449,483 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| LOAN CLOSING FEES | 900099 | $4,739 | $4,739 |
| OTHER INCOME | 900099 | $343 | $343 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,082 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,731,930 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $293,970 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $66,601 | 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 | $124,995 | TotalAmt |
| Program Services | $124,995 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $850,309 | TotalAmt |
| Program Services | $850,309 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,108,666 | TotalAmt |
| Program Services | $680,070 | ProgramServicesAmt |
| Management And General | $212,968 | ManagementAndGeneralAmt |
| Fundraising | $215,628 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,118,742 | TotalAmt |
| Program Services | $3,092,211 | ProgramServicesAmt |
| Management And General | $1,075,715 | ManagementAndGeneralAmt |
| Fundraising | $950,816 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,822 | TotalAmt |
| Program Services | $44,309 | ProgramServicesAmt |
| Management And General | $24,117 | ManagementAndGeneralAmt |
| Fundraising | $13,396 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $689,983 | TotalAmt |
| Program Services | $372,706 | ProgramServicesAmt |
| Management And General | $238,080 | ManagementAndGeneralAmt |
| Fundraising | $79,197 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,895 | TotalAmt |
| Program Services | $276,127 | ProgramServicesAmt |
| Management And General | $89,404 | ManagementAndGeneralAmt |
| Fundraising | $87,364 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,609 | TotalAmt |
| Program Services | $58,624 | ProgramServicesAmt |
| Management And General | $68,938 | ManagementAndGeneralAmt |
| Fundraising | $47 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,286 | TotalAmt |
| Program Services | $68,954 | ProgramServicesAmt |
| Management And General | $36,146 | ManagementAndGeneralAmt |
| Fundraising | $25,186 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,808,487 | TotalAmt |
| Program Services | $2,640,924 | ProgramServicesAmt |
| Management And General | $94,983 | ManagementAndGeneralAmt |
| Fundraising | $72,580 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,360 | TotalAmt |
| Program Services | $7,427 | ProgramServicesAmt |
| Management And General | $1,762 | ManagementAndGeneralAmt |
| Fundraising | $4,171 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,553 | TotalAmt |
| Program Services | $230,560 | ProgramServicesAmt |
| Management And General | $27,680 | ManagementAndGeneralAmt |
| Fundraising | $99,313 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,444 | TotalAmt |
| Program Services | $27,181 | ProgramServicesAmt |
| Management And General | $77,394 | ManagementAndGeneralAmt |
| Fundraising | $2,869 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,093 | TotalAmt |
| Program Services | $116,520 | ProgramServicesAmt |
| Management And General | $19,373 | ManagementAndGeneralAmt |
| Fundraising | $19,200 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $714,637 | TotalAmt |
| Program Services | $539,140 | ProgramServicesAmt |
| Management And General | $74,916 | ManagementAndGeneralAmt |
| Fundraising | $100,581 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,944 | TotalAmt |
| Program Services | $167,592 | ProgramServicesAmt |
| Management And General | $36,000 | ManagementAndGeneralAmt |
| Fundraising | $128,352 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,082 | TotalAmt |
| Program Services | $41,697 | ProgramServicesAmt |
| Management And General | $14,195 | ManagementAndGeneralAmt |
| Fundraising | $14,190 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,964 | TotalAmt |
| Program Services | $19,984 | ProgramServicesAmt |
| Management And General | $351 | ManagementAndGeneralAmt |
| Fundraising | $1,629 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROV FOR PORTFOLIO LOSS | $3,596,364 | $3,596,364 | |
| CORPORATE TAXES | $7,380 | $7,380 | |
| FOREIGN CURRENCY LOSS | $1,934 | $1,934 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,871,549 | TotalAmt |
| Program Services | $12,963,074 | ProgramServicesAmt |
| Management And General | $2,093,956 | ManagementAndGeneralAmt |
| Fundraising | $1,814,519 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,394,792 | BOYAmt |
| EOY | $53,572 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,517,716 | BOYAmt |
| EOY | $41,646,098 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,085,600 | BOYAmt |
| EOY | $16,536,895 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $698,924 | BOYAmt |
| EOY | $1,263,102 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,325 | BOYAmt |
| EOY | $105,951 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $834,513 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $718,170 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,842 | BOYAmt |
| EOY | $116,343 | 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 | $34,702,645 | BOYAmt |
| EOY | $35,872,479 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,304 | BOYAmt |
| EOY | $468,536 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,568,107 | BOYAmt |
| EOY | $96,563,935 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $761,160 | BOYAmt |
| EOY | $1,246,537 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $761,160 | BOYAmt |
| EOY | $1,246,537 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,068,330 | BOYAmt |
| EOY | $70,062,897 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,738,617 | BOYAmt |
| EOY | $25,254,501 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,806,947 | BOYAmt |
| EOY | $95,317,398 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,568,107 | BOYAmt |
| EOY | $96,563,935 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,860,381 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | -$360,462 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $10,532 | 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 | $12,948,757 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,154,356 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,171,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,276,219 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,371,359 | CurrentTaxYearAmt |
| Total | $73,922,295 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,948,757 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,154,356 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,171,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,276,219 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,371,359 | CurrentTaxYearAmt |
| Total | $73,922,295 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $11,873,925 | SubstantialContributorsTotAmt |
| Public Support Total170 | $62,048,370 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $156,721 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $194,871 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $116,788 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $75,451 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $61,519 | CurrentTaxYearAmt |
| Total | $605,350 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $38,230 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,645 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $122,124 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $79,080 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,082 | CurrentTaxYearAmt |
| Total | $272,161 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $74,799,806 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $5,729,018 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.82950 | PublicSupportCY170Pct |
| Public Support PY170 | 0.87720 | 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 INCOME - 2010 AMOUNT: $ 38,230. 2011 AMOUNT: $ 1,770. 2012 AMOUNT: $ 10,140. 2013 AMOUNT: $ 450. 2014 AMOUNT: $ 343. SPEAKER FEE - 2011 AMOUNT: $ 25,875. 2012 AMOUNT: $ 33,980. 2013 AMOUNT: $ 42,658. FOREIGN CURRENCY GAIN/LOSS - 2012 AMOUNT: $ 78,004. 2013 AMOUNT: $ 35,972. LOAN CLOSING FEES - 2014 AMOUNT: $ 4,739. | 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 | $223,717 | OtherCostOrOtherBasisAmt |
| Depreciation | $223,717 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $610,796 | OtherCostOrOtherBasisAmt |
| Depreciation | $494,453 | DepreciationAmt |
| Book Value | $116,343 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $116,343 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA | $15,925,519 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA | $9,931,667 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - USA | $1,050,000 | C |
| PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA | $145,012 | C |
| PROGRAM RELATED DEBT INVESTMENTS - S.ASIA | $3,510,192 | C |
| PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA | $2,782,771 | C |
| PROGRAM RELATED DEBT INVESTMENTS - USA | $1,827,318 | C |
| PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA | $700,000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $35,872,479 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,609,128 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $1,455,032 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$4,577,834 | OtherRevenueAmt |
| Revenue Not Reported | -$3,122,802 | RevenueNotReportedAmt |
| Revenue Subtotal | $18,731,930 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $18,731,930 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,563,629 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,815,494 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $465,586 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,281,080 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,282,549 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,589,000 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,589,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,871,549 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 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 HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. ACUMEN IS NO LONGER SUBJECT TO AUDITS BY THE UNITED STATES TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2011. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 10,532. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND INDIA 1,342,151. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND PAKISTAN 651,573. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN CAPITAL MARKETS I LP -1,151,393. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND CANADA 32,739. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -1,874,436. PROVISION FOR PORTFOLIO LOSSES RECLASSIFICATION -3,596,364. RECLASS OF FOREIGN TAXES PAID NETTED WITH PORTFOLIO INCOME 7,364. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND INDIA 1,334,371. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND PAKISTAN 759,941. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN CAPITAL MARKETS I LP 360,103. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND CANADA 408. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -2,063,618. RELATED PARTY FOREIGN EXCHANGE LOSS INCLUDED IN AUDIT 74,381. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PROVISION FOR PORTFOLIO LOSSES RECLASSIFICATION 3,596,364. RECLASS OF FOREIGN TAXES PAID NETTED WITH PORTFOLIO INCOME -7,364. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| SOUTH ASIA | 2 | 25 | PROGRAM SERVICE | PORTFOLIO MANAGEMENT AND FELLOWS PROGRAM | $1,271,172 |
| SUB-SAHARAN AFRICA | 2 | 11 | PROGRAM SERVICE | PORTFOLIO MANAGEMENT AND FELLOWS PROGRAM | $1,757,316 |
| SOUTH AMERICA | 1 | 1 | PROGRAM SERVICE | PORTFOLIO MANAGEMENT | $417,042 |
| SOUTH ASIA | GRANT MAKING | $612,250 | |||
| SOUTH ASIA | PROGRAM RELATED INVESTMENTS | $19,435,711 | |||
| SUB-SAHARAN AFRICA | PROGRAM RELATED INVESTMENTS | $12,714,438 | |||
| SOUTH AMERICA | PROGRAM RELATED INVESTMENTS | $845,012 | |||
| EUROPE | 1 | 4 | FUND RAISING SERVICES | $423,063 | |
| SUB-SAHARAN AFRICA | GRANT MAKING | $238,059 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 6 | SubtotalOfficesCnt |
| Subtotal Employees | 41 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 6 | TotalOfficeCnt |
| Total Employee | 41 | TotalEmployeeCnt |
| Subtotal Spent | $37,476,004 | SubtotalSpentAmt |
| Continuation Spent | $238,059 | ContinuationSpentAmt |
| Total Spent | $37,714,063 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| SOUTH ASIA | OPERATING SUPPORT TO PAKISTAN SUBSIDIARY ENTITY AND TECHNICAL ASSISTANCE GRANT | $612,250 | WIRE TRANSFER |
| SUB-SAHARAN AFRICA | TECHNICAL ASSISTANCE GRANT | $238,059 | WIRE TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 10 | Total501c3OrgCnt |
| Total Other Org | 2 | 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 | 0 | 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 FUND, INC. 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 FUND. THE PROGRAM STAFF WILL REVIEW THE GRANTEE REPORTS TO ENSURE COMPLIANCE. THE GRANTEES ARE REQUIRED TO RETAIN THE BOOKS AND RECORDS WITH RESPECT TO THE USE OF THE GRANT FUNDS FOR FOUR YEARS AFTER THE GRANT PERIOD OR SOME OTHER PERIOD AS REQUIRED BY THE GRANT AGREEMENT AND ACUMEN FUND RETAINS THE RIGHT TO REVIEW THEIR BOOKS AND RECORDS RELATING TO THE GRANT IF IT DEEMS NECESSARY. ACUMEN FUND PROGRAM STAFF DILIGENTLY SCREEN THE PROSPECTIVE GRANTEES' TRACK RECORD AND REPUTATION BEFORE AWARDING ANY GRANT. 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 FUND. 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 FUND. |
| 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 FUND'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 I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|
| D LIGHT DESIGN | |||||||
| 650 5TH STREET | SAN FRANCISCO | CA | 94107 | 392055997 | $74,995 | TECHNICAL ASSISTANCE GRANT | |
| ROOT CAPITAL | |||||||
| 955 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | 043478123 | $50,000 | LEAN DATA INITATIVE GRANT | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 1 | 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 FROM OTHER FUNDING ORGANIZATIONS. IN ALL CASES, THE ORGANIZATION HAS A THOROUGH UNDERSTANDING OF THE WORK BEING UNDERTAKEN AND A COMPLETE FAMILIARIZATION WITH THE GRANTEE UNDERTAKING WORK ON ITS BEHALF. 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 (8 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 | $290,927 | $0 | $11,800 | $0 | $0 | $0 | $7,800 | $0 | $17,386 | $0 | $327,913 | $0 | $0 | $0 |
| CARLYLE JONES | ||||||||||||||
| CHIEF OPERATING OFFICER | $227,040 | $0 | $9,845 | $0 | $0 | $0 | $7,107 | $0 | $9,582 | $0 | $253,574 | $0 | $0 | $0 |
| ALEXANDER DICHTER | ||||||||||||||
| CHIEF INNOVATION OFFICER | $192,640 | $0 | $8,003 | $0 | $0 | $0 | $6,019 | $0 | $23,823 | $0 | $230,485 | $0 | $0 | $0 |
| AMRITA BHANDARI | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $147,200 | $0 | $3,188 | $0 | $0 | $0 | $4,512 | $0 | $372 | $0 | $155,272 | $0 | $0 | $0 |
| LYNN ROLAND | ||||||||||||||
| GENERAL COUNSEL | $165,000 | $0 | $10,022 | $0 | $0 | $0 | $5,251 | $0 | $372 | $0 | $180,645 | $0 | $0 | $0 |
| MARIBETH CARROLL | ||||||||||||||
| DIRECTOR OF TALENT | $156,723 | $0 | $8,415 | $0 | $0 | $0 | $4,954 | $0 | $7,656 | $0 | $177,748 | $0 | $0 | $0 |
| YASMINA ZAIDMAN | ||||||||||||||
| DIRECTOR OF STRATEGIC PARTNERSHIPS | $155,000 | $0 | $8,246 | $0 | $0 | $0 | $4,897 | $0 | $372 | $0 | $168,515 | $0 | $0 | $0 |
| SHUAIB SIDDIQUI | ||||||||||||||
| DIRECTOR OF PORTFOLIO | $148,234 | $0 | $6,563 | $0 | $0 | $0 | $4,644 | $0 | $8,144 | $0 | $167,585 | $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 | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,739,950 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | USED PHONE | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,000 | 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 (10 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. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE AMENDED BY-LAWS WERE ADOPTED BY THE BOARD OF TRUSTEES IN SEPTEMBER 2014. CHANGES MADE TO THE AMENDED BY-LAWS, INCLUDED THE FOLLOWING PRINCIPAL REVISIONS, IN ADDITION TO OTHER SMALLER CHANGES: 1) CLARIFY VOTING, INCLUDING ITEMS FOR ENHANCED VOTING, AND STAGGERED BOARD TERMS 2) ENUMERATE PROCESSES AROUND RESIGNATION, NOTICE AND VOTING, INCLUDING ELECTRONIC ACTIVITY 3) MEMORIALIZE ACTIVITIES AROUND IMPLEMENTATION OF POLICIES, RECORDKEEPING, REPORTING, AND INVESTMENT AND LENDING MATTERS |
| FORM 990, PART VI, SECTION B, LINE 11 | 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 POSSIBLE CONFLICT OF INTEREST TO THE GENERAL COUNSEL, FOR REVIEW BY THE AUDIT & FINANCE COMMITTEE OF THE BOARD. THE ORGANIZATION REQUIRES THAT ALL SUCH INDIVIDUALS 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 INVOLVING A TRANSACTION OR ARRANGEMENT ARE REVIEWED BY THE GENERAL COUNSEL, WITH OVERSIGHT BY THE CHIEF OPERATING OFFICER, 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. |
| 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. 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 CHIEF EXECUTIVE OFFICER'S SALARY. 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 2014. THE CEO, IN CONSULTATION WITH THE 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 STATMENTS 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 FUND IS AVAILABLE ON CHARITY BUREAU SECTION OF THE NEW YORK STATE'S ATTORNEY GENERAL'S WEBSITE, AS WELL AS UPON REQUEST. THE FORM 1023 IS MADE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC UNLESS SPECIFICALLY REQUESTED 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 1,235,488. MANAGEMENT AND GENERAL EXPENSES 87,334. FUNDRAISING EXPENSES 67,983. TOTAL EXPENSES 1,390,805. WEB MEDIA & DESIGN CONSULTANTS: PROGRAM SERVICE EXPENSES 107,296. MANAGEMENT AND GENERAL EXPENSES 6,112. FUNDRAISING EXPENSES 3,674. TOTAL EXPENSES 117,082. VIDEO PROD & EDITING SVCS: PROGRAM SERVICE EXPENSES 26,968. MANAGEMENT AND GENERAL EXPENSES 1,537. FUNDRAISING EXPENSES 923. TOTAL EXPENSES 29,428. INDIA PROGRAM SERVICE FEE: PROGRAM SERVICE EXPENSES 1,271,172. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,271,172. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 10,532. |
| 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 THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 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 FUND 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 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 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 | ||||||||||||||
| 76 NINTH AVENUE STE 315 | NEW YORK | NY | 10011 | 263831409 | INVESTING IN SOCIAL ENTERPRISES | DE | ACUMEN FUND INC | RELATED | -$109,064 | $1,591,106 | 0 | Yes (1) | 0.14720 | |
| ACUMEN CAPITAL MARKETS II LIMITED | ||||||||||||||
| 76 NINTH AVENUE STE 315 | NEW YORK | NY | 10011 | INVESTING IN SOCIAL ENTERPRISES | ACUMEN CAPITAL PARTNERS LLC | RELATED | 0 | Yes (1) | 1.00000 | 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 | INVESTING IN SOCIAL ENTERPRISES | IN | ACUMEN FUND INC | C | $1,340,809 | $2,134,076 | 0.99900 | Yes (1) | ||||||
| ACUMEN CAPITAL PARTNERS LLC | ||||||||||||||||||
| INVESTING IN SOCIAL ENTERPRISES | ACUMEN FUND INC | C | 1.00000 | Yes (1) | 76 NINTH AVENUE STE 315 | NEW YORK | NY | 10011 | 320450985 | DE | ||||||||
| ACUMEN CAPITAL MARKETS INVESTMENT LLC | ||||||||||||||||||
| INVESTING IN SOCIAL ENTERPRISES | ACUMEN CAPITAL PARTNERS LLC | C | 1.00000 | Yes (1) | 76 NINTH AVENUE STE 315 | NEW YORK | NY | 10011 | 364796906 | DE | ||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 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 | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | 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 | $1,271,172 | FMV |
| ACUMEN FUND PAKISTAN | ||
| B | $531,250 | FMV |
| ACUMEN CAPITAL MARKETS I LP | ||
| L | $261,196 | FMV |
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