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Nonprofiteer
← ACUMEN FUND INC

Form 990 for tax year 2023

Filed by ACUMEN FUND INC.

Totals

Total revenue
$53,208,748
Total expenses
$30,214,319
Contributions and grants received
$50,322,993
Grants paid
$2,988,413
Program service revenue
$1,172,013
Investment income
$1,207,116
Other revenue
$506,626
Total assets, end of year
$210,817,310
Total liabilities, end of year
$14,566,571
Net assets or fund balances, end of year
$196,250,739
Program services expenses (Part IX)
$22,959,752
Management and general expenses
$3,121,778
Fundraising expenses
$4,132,789
Program service expenses (Part III)
$22,959,752

Program services were 76.0% 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.

  • 1e · Government grants (contributions)

    $2,483,936

  • 1f · All other contributions, gifts and grants

    $47,839,057

  • 1g · Noncash contributions included above

    $766,866

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

    total $1,007,567 · related or exempt $1,007,567

  • 2b · Program service revenue: PROGRAM FEES

    total $164,446 · related or exempt $164,446

  • 3 · Investment income

    total $1,476,941 · excluded $1,476,941

  • 7a · Gross sales of assets other than inventory

    other assets $2,538,650

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

    other assets $2,808,475

  • 7c · Gain or loss

    other assets -$269,825

  • 7d · Net gain or loss

    total -$269,825 · excluded -$269,825

  • 11a · Other revenue: REIMBURSEMENT/OTHER

    total $500,626 · excluded $500,626

  • 11b · Other revenue: PORTFOLIO DILIGENCE FEE INCOME

    total $6,000 · excluded $6,000

  • 11e · Other revenue, total

    $506,626

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,140,722 · program services $1,140,722

  • 3 · Grants to foreign organizations and individuals

    total $1,847,691 · program services $1,847,691

  • 5 · Compensation of officers, directors and key employees

    total $3,049,003 · program services $2,290,307 · management and general $425,871 · fundraising $332,825

  • 6 · Compensation of disqualified persons

    total $319,807 · program services $319,807

  • 7 · Other salaries and wages

    total $9,711,213 · program services $6,208,829 · management and general $1,200,847 · fundraising $2,301,537

  • 8 · Pension plan contributions

    total $389,501 · program services $242,721 · management and general $64,499 · fundraising $82,281

  • 9 · Other employee benefits

    total $982,815 · program services $624,221 · management and general $157,576 · fundraising $201,018

  • 10 · Payroll taxes

    total $1,076,377 · program services $665,293 · management and general $180,647 · fundraising $230,437

  • 11a · Fees: management

    total $136,355 · program services $82,141 · management and general $23,823 · fundraising $30,391

  • 11b · Fees: legal

    total $266,201 · program services $204,328 · management and general $61,872 · fundraising $1

  • 11c · Fees: accounting

    total $152,342 · program services $79,911 · management and general $60,149 · fundraising $12,282

  • 11e · Fees: professional fundraising services

    total $118,863 · fundraising $118,863

  • 11g · Fees: other

    total $3,826,689 · program services $3,119,873 · management and general $343,412 · fundraising $363,404

  • 12 · Advertising and promotion

    total $267,526 · program services $244,507 · management and general $22,222 · fundraising $797

  • 13 · Office expenses

    total $310,471 · program services $193,659 · management and general $59,879 · fundraising $56,933

  • 14 · Information technology

    total $911,322 · program services $514,356 · management and general $275,747 · fundraising $121,219

  • 16 · Occupancy

    total $775,767 · program services $538,221 · management and general $125,089 · fundraising $112,457

  • 17 · Travel

    total $552,889 · program services $401,625 · management and general $61,047 · fundraising $90,217

  • 19 · Conferences, conventions and meetings

    total $257,350 · program services $185,319 · management and general $23,023 · fundraising $49,008

  • 22 · Depreciation, depletion and amortization

    total $63,544 · program services $61,838 · management and general $1,360 · fundraising $346

  • 23 · Insurance

    total $58,093 · program services $29,811 · management and general $19,404 · fundraising $8,878

  • 24a · Other expenses: INTERCOMPANY PROGRAM SE

    total $3,663,939 · program services $3,663,939

  • 24b · Other expenses: PROV FOR PORTFOLIO LOSS

    total $205,030 · program services $205,030

  • 24c · Other expenses: CORPORATE TAXES/OTHER

    total $94,013 · program services $85,765 · management and general $421 · fundraising $7,827

  • 24d · Other expenses: MISCELLANEOUS

    total $36,796 · program services $9,838 · management and general $14,890 · fundraising $12,068

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $548,169 · end of year $40,038

  • 2 · Savings and temporary cash investments

    beginning of year $60,756,429 · end of year $82,695,708

  • 3 · Pledges and grants receivable

    beginning of year $32,493,939 · end of year $21,305,972

  • 4 · Accounts receivable

    beginning of year $2,246,013 · end of year $3,124,194

  • 7 · Other notes and loans receivable

    beginning of year $1,062,429 · end of year $1,217,011

  • 9 · Prepaid expenses and deferred charges

    beginning of year $314,044 · end of year $416,451

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

    $488,767

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

    $404,553

  • 10c · Land, buildings and equipment, net

    beginning of year $131,564 · end of year $84,214

  • 11 · Investments: publicly traded securities

    beginning of year $1,654,126

  • 12 · Investments: other securities

    beginning of year $398,740 · end of year $633,740

  • 13 · Investments: program-related

    beginning of year $85,143,089 · end of year $95,429,016

  • 15 · Other assets

    beginning of year $2,456,494 · end of year $5,870,966

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,672,192 · end of year $3,245,349

  • 19 · Deferred revenue

    beginning of year $384,366 · end of year $226,509

  • 25 · Other liabilities

    beginning of year $7,750,113 · end of year $11,094,713

  • 27 · Net assets without donor restrictions

    beginning of year $108,403,215 · end of year $128,942,100

  • 28 · Net assets with donor restrictions

    beginning of year $67,995,150 · end of year $67,308,639

Mission and programs · 2023

Mission

SEE SCHEDULE O

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 IS A GLOBAL FORCE OF ENTREPRENEURS, INVESTORS, PHILANTHROPISTS, AND SOCIAL INNOVATORS WORKING TOGETHER TO BUILD A WORLD BASED ON DIGNITY. WE WERE FOUNDED BY JACQUELINE NOVOGRATZ ON THE RADICAL IDEA THAT BUSINESS, WHEN CULTIVATED WITH MORAL IMAGINATION, CAN BREAK THE CYCLE OF POVERTY. WE INVEST IN TRANSFORMATIONAL COMPANIES, BUILD SUSTAINABLE MARKETS, AND PREPARE LEADERS WITH THE TOOLS THEY NEED TO CREATE A MORE JUST AND INCLUSIVE FUTURE. SINCE 2001, WE HAVE SCALED COMPANIES AND SHAPED MARKETS IN SOME OF THE HARDEST-TO-REACH COMMUNITIES ON THE PLANET, IMPACTING OVER HALF-A-BILLION LIVES.

  • INVESTING AND PORTFOLIO MANAGEMENT:WE INVEST ACROSS THE CAPITAL CONTINUUM TO HELP TRANSFORMATIONAL COMPANIES GROW FROM SEED TO SCALE. 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 HEALTHCARE, 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. [SEE CONTINUATION ON SCHEDULE O]ACUMEN MADE 26 NEW AND FOLLOW-ON INVESTMENTS IN 2023, REACHING A CUMULATIVE $168 MILLION INVESTED IN 183 BUSINESSES SERVING THE PEOPLE LIVING IN POVERTY. WE ALSO POOL CAPITAL TO SCALE STRATEGIC SOLUTIONS TO PROBLEMS OF POVERTY IN SPECIFIC SECTORS AND GEOGRAPHIES, USING BLENDED FINANCE. OUR THREE SPONSORED FOR-PROFIS, CURRENTLY MANAGED UNDER ACUMEN CAPITAL PARTNERS INCLUDE: KAWISAFI ($67M AUM), FOCUSES ON CLEAN ENERGY AND CLIMATE MITIGATION IN EAST AFRICA; ACUMEN RESILIENT AGRICULTURE FUND ($58M AUM), FOCUSES ON CLIMATE RESILIENCE FOR SMALLHOLDER FARMERS IN EAST AND WEST AFRICA; AND ACUMEN LATIN AMERICA EARLY GROWTH FUNDS I AND II ($73M AUM), MANAGED BY ACUMEN LATAM IMPACT VENTURES, A TEAM OWNED MANAGER, FOCUSED ON ENERGY ACCESS, WORKFORCE AND AGRICULTURE.IN 2023, WE LAUNCHED THE HARDEST-TO REACH INITIATIVE FOR ENERGY ACCESS SOLUTIONS IN COUNTRIES IN SUB-SAHARAN AFRICA.

    Expenses $13,139,364 · Grants $1,908,277 · Revenue $1,081,496

  • FELLOWS & LEADERSHIP PROGRAMS:WE PROVIDE PATHS FOR THOSE CURIOUS ABOUT SOCIAL ENTREPRENEURSHIP AND FOR THOSE WHO ARE ACTIVELY BUILDING THEIR BUSINESSES. OUR CURRICULUM IS GROUNDED IN TWO DECADES OF EXPERIENCE, ACCOMPANYING SOCIAL ENTREPRENEURS ON THE JOURNEY FROM SEED TO SCALE. OUR ONLINE COURSES ARE FOR ANYONE, ANYWHERE LOOKING TO USE THE TOOLS OF BUSINESS TO SOLVE REAL PROBLEMS IN THEIR COMMUNITIES. THE REGIONAL, COHORT-BASED LEADERSHIP PROGRAMS ARE FOR ENTREPRENEURS SOLVING PROBLEMS OF POVERTY. WE PROVIDE OUR GLOBAL COMMUNITY OF 1,600+ ALUMNI WITH THE TOOLS, CAPITAL, AND COMMUNITY TO SCALE THEIR IMPACT.

    Expenses $5,341,386 · Grants $1,080,136 · Revenue $89,292

  • IMPACT & COMMUNICATIONS:THE GOAL OF THE INSIGHTS AND IMPACT TEAMS AT ACUMEN IS TO SUPPORT THE MISSION OF SOLVING PROBLEMS POVERTY THROUGH DATA-DRIVEN STRATEGIES. WE DO THIS BY BUILDING MODELS, SHARING THE INSIGHTS FROM OUR WORK AND HOLDING OURSELVES AND OUR PEERS ACCOUNTABLE. OUR IMPACT MEASUREMENT AND MANAGEMENT FRAMEWORK HELPS US DEFINE AND MEASURE OUR IMPACT, INCLUDING BREADTH AND DEPTH OF IMPACT. THROUGH 2023, ACUMEN HAS REACHED OVER 648 MILLION LIVES IMPACTED THROUGH OUR PATIENT CAPITAL AND FOR-PROFIT INVESTMENTS.

    Expenses $4,479,002 · Revenue $1,225

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jacqueline Novogratz

    CEO & DIRECTOR

    Total calculated
    $408,545
    From this org
    $373,288
    From related orgs
    $0
    Other
    $35,257
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $343,309
    Bonus
    $29,979
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $25,357
    Filer's total
    $408,545

  • Margo Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Chew Wai Lin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Courey

    DIRECTOR (AS OF 4/27/2023)

    Total calculated
    $0
    Hours/week
    1

  • C Hunter Boll

    DIRECTOR

    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 (AS OF 4/27/2023)

    Total calculated
    $0
    Hours/week
    1

  • Andrea Soros Colombel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hans Taparia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Tercek

    DIRECTOR (UNTIL 5/1/2023)

    Total calculated
    $0
    Hours/week
    1

  • Shaiza Rizavi

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carlyle Singer Jones

    PRESIDENT

    Total calculated
    $357,637
    From this org
    $334,865
    From related orgs
    $0
    Other
    $22,772
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $307,613
    Bonus
    $27,252
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $12,872
    Filer's total
    $357,637

  • Jacqueline Woo

    CHIEF FINANCIAL OFFICER

    Total calculated
    $297,780
    From this org
    $252,096
    From related orgs
    $0
    Other
    $45,684
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $228,666
    Bonus
    $23,430
    Other
    $0
    Deferred
    $7,873
    Nontaxable benefits
    $37,811
    Filer's total
    $297,780

  • Lynn Roland

    BOARD SECRETARY/GENERAL COUNSEL

    Total calculated
    $299,313
    From this org
    $250,065
    From related orgs
    $0
    Other
    $49,248
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $224,996
    Bonus
    $25,069
    Other
    $0
    Deferred
    $7,831
    Nontaxable benefits
    $41,417
    Filer's total
    $299,313

  • Amrita Bhandari

    CHIEF OF INSIGHTS & STRATEGY

    Total calculated
    $265,968
    From this org
    $257,830
    From related orgs
    $0
    Other
    $8,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,810
    Bonus
    $23,020
    Other
    $0
    Deferred
    $7,735
    Nontaxable benefits
    $403
    Filer's total
    $265,968

  • Yasmina Zaidman

    CHIEF OF DEVELOPMENT & PARTNERSHIPS

    Total calculated
    $293,058
    From this org
    $252,052
    From related orgs
    $0
    Other
    $41,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,071
    Bonus
    $24,981
    Other
    $0
    Deferred
    $7,819
    Nontaxable benefits
    $33,187
    Filer's total
    $293,058

  • William Charnock

    CHIEF OF MARKETING (UNTIL 6/30/23)

    Total calculated
    $257,427
    From this org
    $240,774
    From related orgs
    $0
    Other
    $16,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,795
    Bonus
    $25,594
    Other
    $82,385
    Deferred
    $4,846
    Nontaxable benefits
    $11,807
    Filer's total
    $257,427

  • Joanna McQuade

    DIRECTOR, TALENT

    Total calculated
    $251,592
    From this org
    $231,674
    From related orgs
    $0
    Other
    $19,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,473
    Bonus
    $28,201
    Other
    $0
    Deferred
    $7,021
    Nontaxable benefits
    $12,897
    Filer's total
    $251,592

  • Amon Anderson

    DIRECTOR, ACUMEN AMERICA

    Total calculated
    $254,445
    From this org
    $214,064
    From related orgs
    $0
    Other
    $40,381
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $187,578
    Bonus
    $26,486
    Other
    $0
    Deferred
    $6,795
    Nontaxable benefits
    $33,586
    Filer's total
    $254,445

  • Catherine C Nanda

    DIRECTOR, ACUMEN AMERICA

    Total calculated
    $280,851
    From this org
    $240,008
    From related orgs
    $0
    Other
    $40,843
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $214,266
    Bonus
    $25,742
    Other
    $0
    Deferred
    $7,522
    Nontaxable benefits
    $33,321
    Filer's total
    $280,851

  • Alexandra Trabulsi

    DIRECTOR, PHILANTHROPY

    Total calculated
    $201,548
    From this org
    $195,286
    From related orgs
    $0
    Other
    $6,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,630
    Bonus
    $19,656
    Other
    $0
    Deferred
    $5,859
    Nontaxable benefits
    $403
    Filer's total
    $201,548

  • Sarah Bieber

    DIRECTOR, DEVELOPMENT & PARTNERSHIPS

    Total calculated
    $196,695
    From this org
    $190,575
    From related orgs
    $0
    Other
    $6,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,300
    Bonus
    $22,275
    Other
    $0
    Deferred
    $5,717
    Nontaxable benefits
    $403
    Filer's total
    $196,695

  • Sabrina Lee Ortega Sanchez

    HEAD OF BUSINESS DEV., FOUNDATION

    Total calculated
    $190,595
    From this org
    $170,972
    From related orgs
    $0
    Other
    $19,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,358
    Bonus
    $12,614
    Other
    $0
    Deferred
    $5,240
    Nontaxable benefits
    $14,383
    Filer's total
    $190,595

  • Kevin Lehman Associate

    DIRECTOR, FUNDRAISING (UNTIL 12/7/23)

    Total calculated
    $187,827
    From this org
    $171,667
    From related orgs
    $0
    Other
    $16,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,395
    Bonus
    $0
    Other
    $38,272
    Deferred
    $3,710
    Nontaxable benefits
    $12,450
    Filer's total
    $187,827

  • Michelle Osorio

    INVESTMENT DIR., KAWISAFI VENTURES

    Total calculated
    $288,607
    From this org
    $0
    From related orgs
    $241,066
    Other
    $47,541
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,666 related
    Bonus
    $0 + $42,400 related
    Other
    $0
    Deferred
    $0 + $7,632 related
    Nontaxable benefits
    $0 + $39,909 related
    Filer's total
    $0 + $288,607 related

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
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 4A
WILLIAM CHARNOCK, CHIEF OF MARKETING, LEFT ACUMEN FUND, INC. ON 6/30/2023 AND RECEIVED SEVERANCE OF $82,385. THE SEVERANCE AMOUNT IS REPORTED IN PART II, COLUMN B(III). KEVIN LEHMAN, ASSOCIATE DIRECTOR, LEFT ACUMEN FUND, INC. ON 12/07/2023 AND RECEIVED SEVERANCE OF $38,272. THE SEVERANCE AMOUNT IS REPORTED IN PART II, COLUMN B(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

  • CLIMATE POLICY INITIATIVE INC

    $374,279

    LAUNCH AND OPERATIONALIZE THE CLIMATESHOT IMPACT INVESTING COALITION (CIIC)

  • REFUGEE INVESTMENT NETWORK INC

    $151,823

    CONDUCT RESEARCH, EDUCATE AND ADVISE ON HOW TO BUILD AND IMPLEMENT DURABLE REFUGEE-LENS INVESTING (RLI) STRATEGIES WORLDWIDE

  • MAZIWA

    $95,566

    CREATE ACCESS TO THE WEMA, A DISCREET, WIRELESS, AND PORTABLE BREAST PUMP, FOR VULNERABLE WORKING MOTHERS IN KENYA

  • CITY OF SAMARITANS PBC

    $60,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • KAIZEN HEALTH INC

    $60,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC

    $60,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • SANERGY INC

    $50,491

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • PARITY LAB INC

    $50,000

    BUILD A LEGAL COUNSELING HELPLINE TO SUPPORT GRASSROOT ORGANIZATIONS LED BY WOMEN IN RURAL INDIA

  • SIMUSOLAR INC

    $50,000

    TO FURTHER THE GRANT RECIPIENT'S MISSION PROVIDING REFUGEES IN THE BIDIBIDI REFUGEE CAMP WITH LOW-COST, FINANCED, SOLAR-POWERED IRRIGATION EQUIPMENT

  • FRESNO AREA HISPANIC FOUNDATION

    $50,000

    TO PROVIDE FINANCIAL ASSISTANCE TO TERMINATED EMPLOYEES OF BW INDUSTRIES, INC., AND ITS SUBSIDIARIES (BITWISE)

The 10 largest by cash amount. The API serves every itemized grant.

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) · INVESTMENT ADVISOR & LEADERSHIP · NI · controlled entity

    Directly controlled by ACUMEN FUND INC

  • MW NORTH INC

    501(C)(3) · LEADERSHIP · CA · 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.

  • ACUMEN CAPITAL MARKET INVESTMENTS LLC

    CARRY VEHICLE · DE · income $0 · assets $0

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC

    CARRY VEHICLE · DE · income $0 · assets $0

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN CAPITAL PARTNERS (ARAF) LTD

    INVESTMENT ADVISOR · KE · income $1,208,741 · assets $269,563

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN CAPITAL PARTNERS (EA) LIMITED

    INVESTMENT ADVISOR · KE · income $730,547 · assets $217,026

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN AMERICA LLC

    INVESTING IN SOCIAL ENTERPRISES · DE · income $6,858,698 · assets $25,538,723

    Directly controlled by ACUMEN FUND INC

  • KAWISAFI II CAPITAL INVESTMENTS LLC

    CARRY VEHICLE · DE · income $0 · assets $0

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

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 $100,756 · share of assets $13,952,926 · 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 $16,628 · share of assets $705,820 · general or managing partner

    Directly controlled by ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC

  • ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC

    RELATED · CARRY VEHICLE · 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 $32,214 · share of assets $1,253,632 · general or managing partner

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ALIVE EARLY GROWTH FUND II LP

    RELATED · INVESTING IN SOCIAL ENTERPRISES · CA · 2.99% owned · share of income $3,165 · share of assets $226,197 · general or managing partner

    Directly controlled by ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC

Related corporations and trusts

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

  • ACUMEN FUND ADVISORY LLP

    C · INVESTING ADVISORY SERVICES · IN · 100% owned · share of income $581,791 · share of assets $236,774 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN CAPITAL PARTNERS LLC

    C · FUND MANAGER · DE · 100% owned · share of income $4,533,902 · share of assets $4,249,289 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN CAPITAL HOLDING LLC

    C · HOLDING COMPANY · DE · 100% owned · share of income $3,191 · share of assets $1,022,515 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN EA ADVISORY SERVICES LTDGTE

    C · ADVISORY SERVICES · KE · 100% owned · share of income $2,046,732 · share of assets $729,814 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD

    C · ADVISORY SERVICES · IN · 100% owned · share of income $21,610 · share of assets $737,625 · 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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349318104

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