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Nonprofiteer
← ACUMEN FUND INC

Form 990 for tax year 2022

Filed by ACUMEN FUND INC.

Totals

Total revenue
$61,117,505
Total expenses
$28,870,332
Contributions and grants received
$59,141,180
Grants paid
$1,806,288
Program service revenue
$954,784
Investment income
$1,345,663
Other revenue
-$324,122
Total assets, end of year
$187,205,036
Total liabilities, end of year
$10,806,671
Net assets or fund balances, end of year
$176,398,365
Program services expenses (Part IX)
$22,479,223
Management and general expenses
$2,793,873
Fundraising expenses
$3,597,236
Program service expenses (Part III)
$22,479,223

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $880,469

  • 1e · Government grants (contributions)

    $1,293,662

  • 1f · All other contributions, gifts and grants

    $56,967,049

  • 1g · Noncash contributions included above

    $679,285

  • 2a · Program service revenue: PROGRAM FEES

    total $815,810 · related or exempt $815,810

  • 2b · Program service revenue: PGM RELATED LOAN INCOME

    total $138,974 · related or exempt $138,974

  • 3 · Investment income

    total $361,136 · excluded $361,136

  • 7a · Gross sales of assets other than inventory

    other assets $3,346,890

  • 7b · Less cost or other basis and sales expenses

    other assets $2,362,363

  • 7c · Gain or loss

    other assets $984,527

  • 7d · Net gain or loss

    total $984,527 · excluded $984,527

  • 8a · Fundraising events: gross income

    $78,100

  • 8a · Fundraising events: contributions included on line 1c

    $880,469

  • 8b · Fundraising events: direct expenses

    $661,516

  • 8c · Net income from fundraising events

    total -$583,416 · excluded -$583,416

  • 11a · Other revenue: REIMBURSEMENT/OTHER

    total $236,294 · excluded $236,294

  • 11b · Other revenue: PORTFOLIO DILIGENCE FEE INCOME

    total $23,000 · excluded $23,000

  • 11e · Other revenue, total

    $259,294

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $338,933 · program services $338,933

  • 3 · Grants to foreign organizations and individuals

    total $1,467,355 · program services $1,467,355

  • 5 · Compensation of officers, directors and key employees

    total $3,056,898 · program services $2,377,474 · management and general $425,550 · fundraising $253,874

  • 6 · Compensation of disqualified persons

    total $40,057 · program services $40,057

  • 7 · Other salaries and wages

    total $8,127,873 · program services $4,819,301 · management and general $975,465 · fundraising $2,333,107

  • 8 · Pension plan contributions

    total $208,162 · program services $125,475 · management and general $31,392 · fundraising $51,295

  • 9 · Other employee benefits

    total $634,754 · program services $401,403 · management and general $85,344 · fundraising $148,007

  • 10 · Payroll taxes

    total $867,565 · program services $573,870 · management and general $126,467 · fundraising $167,228

  • 11a · Fees: management

    total $173,782 · program services $111,742 · management and general $29,334 · fundraising $32,706

  • 11b · Fees: legal

    total $455,898 · program services $268,182 · management and general $187,663 · fundraising $53

  • 11c · Fees: accounting

    total $219,367 · program services $141,803 · management and general $58,306 · fundraising $19,258

  • 11g · Fees: other

    total $4,090,267 · program services $3,372,750 · management and general $443,132 · fundraising $274,385

  • 12 · Advertising and promotion

    total $128,185 · program services $127,501 · management and general $18 · fundraising $666

  • 13 · Office expenses

    total $152,488 · program services $96,798 · management and general $23,582 · fundraising $32,108

  • 14 · Information technology

    total $771,940 · program services $458,174 · management and general $231,044 · fundraising $82,722

  • 16 · Occupancy

    total $709,980 · program services $476,855 · management and general $115,810 · fundraising $117,315

  • 17 · Travel

    total $311,618 · program services $292,151 · management and general $15,825 · fundraising $3,642

  • 19 · Conferences, conventions and meetings

    total $124,790 · program services $63,273 · management and general $15,614 · fundraising $45,903

  • 22 · Depreciation, depletion and amortization

    total $45,081 · program services $42,365 · management and general $1,702 · fundraising $1,014

  • 23 · Insurance

    total $93,082 · program services $55,886 · management and general $15,330 · fundraising $21,866

  • 24a · Other expenses: PROV FOR PORTFOLIO LOSS

    total $3,942,703 · program services $3,942,703

  • 24b · Other expenses: INTERCOMPANY PROGRAM SE

    total $2,719,013 · program services $2,719,013

  • 24c · Other expenses: CORPORATE TAXES/OTHER

    total $184,941 · program services $160,584 · management and general $12,270 · fundraising $12,087

  • 24d · Other expenses: MISCELLANEOUS

    total $5,600 · program services $5,575 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $403,036 · end of year $548,169

  • 2 · Savings and temporary cash investments

    beginning of year $49,888,421 · end of year $60,756,429

  • 3 · Pledges and grants receivable

    beginning of year $13,223,420 · end of year $32,493,939

  • 4 · Accounts receivable

    beginning of year $2,319,154 · end of year $2,246,013

  • 7 · Other notes and loans receivable

    beginning of year $1,062,429 · end of year $1,062,429

  • 9 · Prepaid expenses and deferred charges

    beginning of year $288,017 · end of year $314,044

  • 10a · Land, buildings and equipment: cost or other basis

    $460,618

  • 10b · Land, buildings and equipment: accumulated depreciation

    $329,054

  • 10c · Land, buildings and equipment, net

    beginning of year $60,500 · end of year $131,564

  • 11 · Investments: publicly traded securities

    end of year $1,654,126

  • 12 · Investments: other securities

    beginning of year $393,640 · end of year $398,740

  • 13 · Investments: program-related

    beginning of year $82,810,788 · end of year $85,143,089

  • 15 · Other assets

    beginning of year $807,681 · end of year $2,456,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,033,863 · end of year $2,672,192

  • 19 · Deferred revenue

    beginning of year $364,349 · end of year $384,366

  • 25 · Other liabilities

    beginning of year $3,487,267 · end of year $7,750,113

  • 27 · Net assets without donor restrictions

    beginning of year $109,410,109 · end of year $108,403,215

  • 28 · Net assets with donor restrictions

    beginning of year $34,961,498 · end of year $67,995,150

Mission and programs · 2022

Mission

ACUMEN FUND, INC. IS WORKING TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS. [SEE CONTINUATION ON SCHEDULE O]ACUMEN INVESTS PATIENT CAPITAL IN BUSINESSES THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TTO PEOPLE LIVING IN POVERTY, IMPROVING THE LIVES OF MILLIONS IN SOUTH ASIA, EAST AND WEST AFRICA, LATIN AMERICA AND THE UNITED STATES. SINCE 2001, ACUMEN HAS INVESTED $154 MILLION IN 167 SOCIAL ENTERPRISES WORKING AGRICULTURE, EDUCATION, ENERGY, FINANCIAL INCLUSION, HEALTH, HOUSING, WATER AND SANITATION, AND WORKFORCE DEVELOPMENT.ACUMEN ALSO INVESTS IN BUILDING A GLOBAL COMMUNITY OF EMERGING LEADERS WORKING TO CREATE A MORE JUST, INCLUSIVE, AND SUSTAINABLE WORLD THROUGH ACUMEN ACADEMY - THE WORLD'S SCHOOL FOR SOCIAL CHANGE - WHICH WAS LAUNCHED IN 2020 AND INCLUDES THE FELLOWS PROGRAM AND THE PREVIOUSLY NAMED +ACUMEN ONLINE COURSES.THROUGH THESE EFFORTS, ACUMEN IS WORKING TO CREATE LONG TERM, SUSTAINABLE SOLUTIONS TO POVERTY

Activities or mission (Part I)

ACUMEN'S MISSION IS TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS.ACUMEN'S VISION IS THAT ONE DAY EVERY HUMAN BEING WILL HAVE ACCESS TO THE CRITICAL GOODS AND SERVICES THEY NEED - INCLUDING AFFORDABLE HEALTH CARE, CLEAN ENERGY, EDUCATION, WATER & SANITATION, HOUSING, ACCESS TO FINANCIAL SERVICES, AND AGRICULTURE (INPUTS, CLIMATE RESILIENCE, AND ADAPTATION) - SO THEY HAVE THE CHOICE AND OPPORTUNITY TO TRANSFORM THEIR LIVES. THIS IS WHERE DIGNITY STARTS, NOT JUST FOR THOSE LIVING IN POVERTY BUT FOR EVERYONE ON THE PLANET.

  • INVESTING AND PORTFOLIO MANAGEMENT:ACUMEN FUND, INC. ("ACUMEN") INVESTS PATIENT CAPITAL IN BUSINESS MODELS THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO THE WORLD'S POOR, IMPROVING THE LIVES OF MILLIONS. SINCE 2001, ACUMEN HAS INVESTED IN BUSINESSES THAT PROVIDE ACCESS TO HEALTH CARE, ENERGY, EDUCATION, WATER & SANITATION, HOUSING, FINANCIAL SERVICES, AND AGRICULTURAL SERVICES TO LOW-INCOME CUSTOMERS. OUR INVESTMENTS ARE ADDRESSING THE PROBLEMS OF POVERTY IN EAST AND WEST AFRICA, SOUTH ASIA, LATIN AMERICA, AND THE UNITED STATES. ACUMEN INVESTED IN 13 NEW COMPANIES IN 2022, REACHING A CUMULATIVE $154 MILLION INVESTED IN 167 BUSINESSES SERVING PEOPLE LIVING IN POVERTY. [SEE CONTINUATION ON SCHEDULE O]ACUMEN ALSO EXITED FOUR COMPANIES RETURNING A TOTAL OF $2.2 MILLION.IN 2022, ACUMEN LAUNCHED PIONEER ENERGY INVESTMENT INITIATIVE: POWERING LIVELIHOODS USING SOLAR("PEII+"). IT IS A FIVE YEAR, $25M INITIATIVE THAT WILL INVEST IN PRODUCTIVE USE OF ENERGY (PUE) TECHNOLOGIES, TO BOOST INCOMES AND IMPROVE LIVELIHOODS.

    Expenses $13,628,383 · Grants $1,443,092 · Revenue $697,312

  • FELLOWS AND LEADERSHIP PROGRAMS:IN 2022, ACUMEN ACADEMY RAN NINE REGIONAL AND GLOBAL FELLOWSHIP PROGRAMS AND TEN ACCELERATOR PROGRAMS SERVING 318 DIVERSE PROGRAM PARTICIPANTS FROM COLOMBIA, THE UNITED KINGDOM, SPAIN, WEST AFRICA, EAST AFRICA, INDIA, PAKISTAN, BANGLADESH AND MALAYSIA; CREATED TEN ONLINE COURSES TO ENABLE 20,000+ STUDENTS TO SCALE THEIR BUSINESSES AND INCREASE THEIR IMPACT; AND PROVIDED RESOURCES AND SUPPORT TO 1334 SOCIAL ENTREPRENEURS WITHIN OUR ALUMNI COMMUNITY WHO HAVE CUMULATIVELY IMPACTED THE LIVES OF 25 MILLION PEOPLE ACROSS THE GLOBE. [SEE CONTINUATION ON SCHEDULE O]OUR GOAL IS TO CATALYZE INNOVATIVE BUSINESS MODELS THAT ADDRESS THE CHALLENGES OF POVERTY WORLDWIDE BY PROVIDING DIGNITY TO WORKERS WHILE FURTHERING ENVIRONMENTAL SUSTAINABILITY.

    Expenses $4,655,828 · Grants $350,048 · Revenue $229,303

  • IMPACT AND COMMUNICATIONS:THE GOAL OF THE IMPACT AND COMMUNICATIONS TEAMS AT ACUMEN IS TO SUPPORT THE MISSION OF CHANGING THE WAY THE WORLD TACKLES POVERTY BY SHARING THE INSIGHTS FROM OUR WORK, CATALYZING AN ENTREPRENEURIAL, MARKETS-BASED APPROACH TO SOLVING POVERTY, AND SHINING A LIGHT ON CLIMATE SOLUTIONS THAT WORK FOR EVERYONE.IN 2022, THE INSIGHTS TEAM PUBLISHED THREE MAJOR REPORTS, INCLUDING ACUMEN'S FLAGSHIP "FAILING FORWARD" REPORT, CAPTURING THE LESSONS LEARNED FROM FAILED INVESTMENTS AND SHOWING HOW ACUMEN HAS ADAPTED TO THOSE LESSONS IN ITS WORK. [SEE CONTINUATION ON SCHEDULE O]IN ADDITION, THE TEAM HELPED PUBLISH A DOZEN BLOGS AND EDITORIALS, AS WELL AS CONDUCTING 8 INTERNAL INSIGHTS SESSIONS TO IMPROVE CROSS-REGIONAL AND CROSS-FUNCTIONAL UNDERSTANDING OF ACUMEN'S WORK.IN 2022, ACUMEN PUBLISHED THE RESULTS OF A STUDY THAT ANALYZES THE SUCCESSES AND CHALLENGES OF OUR PATIENT CAPITAL WORK OVER THE PAST 20 YEARS, INVESTING AS A MEANS: 20 YEARS OF PATIENT CAPITAL.

    Expenses $4,195,012 · Grants $13,148 · Revenue $28,169

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JACQUELINE NOVOGRATZ

    CEO & DIRECTOR

    Total calculated
    $389,276
    From this org
    $356,530
    From related orgs
    $0
    Other
    $32,746
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $327,280
    Bonus
    $29,250
    Other
    $0
    Deferred
    $10,871
    Nontaxable benefits
    $21,875
    Filer's total
    $389,276

  • MARGO ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • C HUNTER BOLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN CHEW WAI LIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STUART DAVIDSON

    DIRECTOR (THRU 4/1/22)

    Total calculated
    $0
    Hours/week
    1

  • JULIUS GAUDIO

    DIRECTOR (THRU 4/1/22)

    Total calculated
    $0
    Hours/week
    1

  • NATHAN LAURELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRISTINA LJUNGBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRSTEN NEVILL-MANNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN PATERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THULASIRAJ RAVILLA

    DIRECTOR (THRU 4/1/22)

    Total calculated
    $0
    Hours/week
    1

  • ANDREA SOROS COLOMBEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HANS TAPARIA

    DIRECTOR (AS OF 8/1/22)

    Total calculated
    $0
    Hours/week
    1

  • MARK TERCEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAIZA RIZAVI

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CARLYLE SINGER JONES

    PRESIDENT

    Total calculated
    $346,417
    From this org
    $325,418
    From related orgs
    $0
    Other
    $20,999
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $300,668
    Bonus
    $24,750
    Other
    $0
    Deferred
    $9,827
    Nontaxable benefits
    $11,172
    Filer's total
    $346,417

  • JACQUELINE WOO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $289,322
    From this org
    $248,928
    From related orgs
    $0
    Other
    $40,394
    Hours/week
    38.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $225,229
    Bonus
    $23,699
    Other
    $0
    Deferred
    $7,740
    Nontaxable benefits
    $32,654
    Filer's total
    $289,322

  • LYNN ROLAND

    BOARD SECRETARY/GENERAL COUNSEL

    Total calculated
    $285,461
    From this org
    $244,540
    From related orgs
    $0
    Other
    $40,921
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $217,490
    Bonus
    $27,050
    Other
    $0
    Deferred
    $7,628
    Nontaxable benefits
    $33,293
    Filer's total
    $285,461

  • WILLIAM CHARNOCK

    CHIEF MARKETING OFFICER

    Total calculated
    $309,967
    From this org
    $279,462
    From related orgs
    $0
    Other
    $30,505
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,611
    Bonus
    $22,851
    Other
    $0
    Deferred
    $8,561
    Nontaxable benefits
    $21,944
    Filer's total
    $309,967

  • AMRITA BHANDARI

    CHIEF OF BUSINESS DEVELOPMENT

    Total calculated
    $263,876
    From this org
    $255,799
    From related orgs
    $0
    Other
    $8,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,200
    Bonus
    $25,599
    Other
    $0
    Deferred
    $7,674
    Nontaxable benefits
    $403
    Filer's total
    $263,876

  • YASMINA ZAIDMAN

    CHIEF OF DEV. & PARTNERSHIPS

    Total calculated
    $258,930
    From this org
    $250,997
    From related orgs
    $0
    Other
    $7,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,100
    Bonus
    $23,897
    Other
    $0
    Deferred
    $7,530
    Nontaxable benefits
    $403
    Filer's total
    $258,930

  • AMON ANDERSON

    DIRECTOR, ACUMEN AMERICA

    Total calculated
    $258,830
    From this org
    $218,685
    From related orgs
    $0
    Other
    $40,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,090
    Bonus
    $26,595
    Other
    $0
    Deferred
    $6,852
    Nontaxable benefits
    $33,293
    Filer's total
    $258,830

  • CATHERINE C NANDA

    DIRECTOR, ACUMEN AMERICA

    Total calculated
    $236,071
    From this org
    $228,804
    From related orgs
    $0
    Other
    $7,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,900
    Bonus
    $26,904
    Other
    $0
    Deferred
    $6,864
    Nontaxable benefits
    $403
    Filer's total
    $236,071

  • JOANNA MCQUADE

    DIRECTOR, TALENT

    Total calculated
    $233,169
    From this org
    $215,445
    From related orgs
    $0
    Other
    $17,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,768
    Bonus
    $19,677
    Other
    $0
    Deferred
    $6,527
    Nontaxable benefits
    $11,197
    Filer's total
    $233,169

  • JO-ANN TAN

    DIRECTOR, LEADERSHIP

    Total calculated
    $185,581
    From this org
    $179,784
    From related orgs
    $0
    Other
    $5,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,600
    Bonus
    $13,184
    Other
    $0
    Deferred
    $5,394
    Nontaxable benefits
    $403
    Filer's total
    $185,581

  • MICHELLE OSORIO

    INVESTMENT DIR., KAWISAFI VENTURES

    Total calculated
    $296,053
    From this org
    $0
    From related orgs
    $254,920
    Other
    $41,133
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,920 related
    Bonus
    $0 + $53,000 related
    Other
    $0
    Deferred
    $0 + $7,950 related
    Nontaxable benefits
    $0 + $33,183 related
    Filer's total
    $0 + $296,053 related

  • ELEANOR MURPHY

    DIRECTOR, LEADERSHIP

    Total calculated
    $202,578
    From this org
    $178,049
    From related orgs
    $0
    Other
    $24,529
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $161,291
    Bonus
    $16,758
    Other
    $0
    Deferred
    $5,501
    Nontaxable benefits
    $19,028
    Filer's total
    $202,578

  • SARAH BIEBER

    DIRECTOR, FUNDRAISING

    Total calculated
    $189,116
    From this org
    $183,216
    From related orgs
    $0
    Other
    $5,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,300
    Bonus
    $16,916
    Other
    $0
    Deferred
    $5,497
    Nontaxable benefits
    $403
    Filer's total
    $189,116

  • SABRINA LEE ORTEGA SANCHEZ

    HEAD OF BUSINESS DEV., FOUNDATIONS

    Total calculated
    $185,094
    From this org
    $168,915
    From related orgs
    $0
    Other
    $16,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,434
    Bonus
    $19,481
    Other
    $0
    Deferred
    $5,171
    Nontaxable benefits
    $11,008
    Filer's total
    $185,094

  • ALEXANDRA TRABULSI

    ASSOC. DIRECTOR, FUNDRAISING

    Total calculated
    $185,072
    From this org
    $179,453
    From related orgs
    $0
    Other
    $5,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,800
    Bonus
    $15,653
    Other
    $0
    Deferred
    $5,384
    Nontaxable benefits
    $235
    Filer's total
    $185,072

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ACUMEN OFFERS A DISCRETIONARY PERFORMANCE-BASED BONUS FOR ITS EMPLOYEES WITH GUIDELINES SET BY THE MANAGEMENT COMMITTEE AND AGREED BY THE BOARD. BONUSES ARE REFLECTIVE OF ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE WHICH PROVIDES COLLECTIVE ACCOUNTABILITY (INCREASING BY LEVEL), FOSTERS INCREASED COLLABORATION AND PROBLEM-SOLVING. THE ORGANIZATIONAL COMPONENT OF THE BONUS IS RECOMMENDED BY THE MANAGEMENT COMMITTEE TO THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF ANNUAL GOALS (WHICH ARE DETERMINED AT THE END OF THE PRIOR YEAR AND APPROVED BY THE BOARD), THEN REVIEWED BY THE COMPENSATION COMMITTEE AND ULTIMATELY APPROVED BY THE BOARD. EACH INDIVIDUAL'S SUPERVISOR DETERMINES THE INDIVIDUAL RATING BASED ON PERFORMANCE AGAINST INDIVIDUAL GOALS, AND THE DIRECTOR OF TALENT AND RESPECTIVE MANAGEMENT COMMITTEE MEMBER APPROVES THE RATINGS. BONUSES WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ACUMEN (PAKISTAN)

    501(C)(3) · INVESTING IN SOCIAL ENTERPRISES · PK · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN FUND CANADA

    501(C)(3) · ALLEVIATE POVERTY · CA · controlled entity

    Directly controlled by ACUMEN FUND INC

  • AF TRUST

    501(C)(3) · LEADERSHIP · IN · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN FUND WEST AFRICA LTDGTE

    501(C)(3) · INVESTING IN SOCIAL ENTERPRISES · NI · controlled entity

    Directly controlled by ACUMEN FUND INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • KAWISAFI VENTURES LTD

    RELATED · INVESTING IN SOCIAL ENTERPRISES · MP · 28.54% owned · share of income $121,556 · share of assets $13,968,179 · general or managing partner

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN LATIN AMERICA EARLY GROWTH FUND LP

    RELATED · INVESTING IN SOCIAL ENTERPRISES · CA · 3.36% owned · share of income -$92,843 · share of assets $643,249 · general or managing partner

    Directly controlled by ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC

  • ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC

    RELATED · INVESTING IN SOCIAL ENTERPRISES · DE · general or managing partner

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN RESILIENT AGRICULTURE FUND LP

    RELATED · INVESTING IN SOCIAL ENTERPRISES · CA · 3.49% owned · share of income $20,451 · share of assets $844,584 · general or managing partner

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD

    C · ADVISORY SERVICES · IN · 99.99% owned · share of income $20,329 · share of assets $748,448 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN CAPITAL PARTNERS LLC

    C · FUND MANAGER · DE · 100% owned · share of income $4,846,636 · share of assets $5,066,381 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN CAPITAL HOLDING LLC

    C · HOLDING COMPANY · DE · 100% owned · share of income $2,296 · share of assets $801,785 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • UNDER THE MANGO TREE

    C · BEEKEEPING · IN · 82.14% owned · share of income -$56,522 · share of assets $33,584 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN EA ADVISORY SERVICES LTDGTE

    C · ADVISORY SERVICES · KE · 100% owned · share of income $2,074,412 · share of assets $888,921 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN EAST AFRICA INSTITUTE LIMITED

    C · NO ACTIVITY · KE · 100% owned · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN FUND ADVISORY LLP

    C · INVESTING ADVISORY SERVICES · IN · 100% owned · share of income $610,680 · share of assets $203,338 · controlled entity

    Directly controlled by ACUMEN FUND INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349302213

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