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Nonprofiteer
← ACUMEN FUND INC

Form 990 for tax year 2024

Filed by ACUMEN FUND INC.

Totals

Total revenue
$46,387,713
Total expenses
$34,228,367
Contributions and grants received
$44,103,444
Grants paid
$4,469,354
Program service revenue
$1,505,410
Investment income
$272,607
Other revenue
$506,252
Total assets, end of year
$217,512,001
Total liabilities, end of year
$13,420,650
Net assets or fund balances, end of year
$204,091,351
Program services expenses (Part IX)
$26,501,668
Management and general expenses
$4,012,739
Fundraising expenses
$3,713,960
Program service expenses (Part III)
$26,501,668

Program services were 77.4% 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)

    $3,669,500

  • 1f · All other contributions, gifts and grants

    $40,433,944

  • 1g · Noncash contributions included above

    $113,780

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

    total $1,157,021 · related or exempt $1,157,021

  • 2b · Program service revenue: PROGRAM FEES

    total $348,389 · related or exempt $348,389

  • 3 · Investment income

    total $1,865,761 · excluded $1,865,761

  • 7a · Gross sales of assets other than inventory

    other assets $2,085,244

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

    other assets $3,678,398

  • 7c · Gain or loss

    other assets -$1,593,154

  • 7d · Net gain or loss

    total -$1,593,154 · excluded -$1,593,154

  • 11a · Other revenue: REIMBURSEMENT/OTHER

    total $478,752 · excluded $478,752

  • 11b · Other revenue: PORTFOLIO DILIGENCE FE

    total $27,500 · excluded $27,500

  • 11e · Other revenue, total

    $506,252

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $866,446 · program services $866,446

  • 3 · Grants to foreign organizations and individuals

    total $3,602,908 · program services $3,602,908

  • 5 · Compensation of officers, directors and key employees

    total $2,795,057 · program services $2,274,075 · management and general $176,815 · fundraising $344,167

  • 6 · Compensation of disqualified persons

    total $508,512 · program services $508,512

  • 7 · Other salaries and wages

    total $11,181,505 · program services $7,012,904 · management and general $2,072,890 · fundraising $2,095,711

  • 8 · Pension plan contributions

    total $294,742 · program services $146,018 · management and general $78,520 · fundraising $70,204

  • 9 · Other employee benefits

    total $650,680 · program services $314,361 · management and general $181,985 · fundraising $154,334

  • 10 · Payroll taxes

    total $1,118,539 · program services $615,778 · management and general $257,170 · fundraising $245,591

  • 11a · Fees: management

    total $126,237 · program services $73,764 · management and general $28,534 · fundraising $23,939

  • 11b · Fees: legal

    total $476,103 · program services $438,520 · management and general $32,423 · fundraising $5,160

  • 11c · Fees: accounting

    total $161,167 · program services $89,957 · management and general $47,294 · fundraising $23,916

  • 11e · Fees: professional fundraising services

    total $72,200 · fundraising $72,200

  • 11g · Fees: other

    total $4,489,056 · program services $3,963,141 · management and general $403,798 · fundraising $122,117

  • 12 · Advertising and promotion

    total $137,988 · program services $125,321 · management and general $12,239 · fundraising $428

  • 13 · Office expenses

    total $162,672 · program services $85,956 · management and general $43,654 · fundraising $33,062

  • 14 · Information technology

    total $1,039,181 · program services $564,270 · management and general $346,659 · fundraising $128,252

  • 16 · Occupancy

    total $840,585 · program services $530,328 · management and general $152,944 · fundraising $157,313

  • 17 · Travel

    total $687,311 · program services $483,164 · management and general $67,086 · fundraising $137,061

  • 19 · Conferences, conventions and meetings

    total $462,509 · program services $359,140 · management and general $41,854 · fundraising $61,515

  • 20 · Interest

    total $438 · management and general $438

  • 22 · Depreciation, depletion and amortization

    total $53,198 · program services $47,979 · management and general $2,929 · fundraising $2,290

  • 23 · Insurance

    total $101,869 · program services $36,539 · management and general $43,684 · fundraising $21,646

  • 24a · Other expenses: INTERCOMPANY PROGRAM SE

    total $3,076,804 · program services $3,076,804

  • 24b · Other expenses: PROV FOR PORTFOLIO LOSS

    total $1,227,529 · program services $1,227,529

  • 24c · Other expenses: CORPORATE TAXES/OTHER

    total $85,125 · program services $50,104 · management and general $20,299 · fundraising $14,722

  • 24d · Other expenses: MISCELLANEOUS

    total $10,006 · program services $8,150 · management and general $1,524 · fundraising $332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,038 · end of year $7,705,887

  • 2 · Savings and temporary cash investments

    beginning of year $82,695,708 · end of year $72,476,915

  • 3 · Pledges and grants receivable

    beginning of year $21,305,972 · end of year $20,327,791

  • 4 · Accounts receivable

    beginning of year $3,124,194 · end of year $4,592,117

  • 7 · Other notes and loans receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $416,451 · end of year $470,019

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

    $487,298

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

    $447,859

  • 10c · Land, buildings and equipment, net

    beginning of year $84,214 · end of year $39,439

  • 12 · Investments: other securities

    beginning of year $633,740 · end of year $642,240

  • 13 · Investments: program-related

    beginning of year $95,429,016 · end of year $104,907,539

  • 15 · Other assets

    beginning of year $5,870,966 · end of year $5,133,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,245,349 · end of year $3,176,946

  • 19 · Deferred revenue

    beginning of year $226,509

  • 25 · Other liabilities

    beginning of year $11,094,713 · end of year $10,243,704

  • 27 · Net assets without donor restrictions

    beginning of year $128,942,100 · end of year $147,470,259

  • 28 · Net assets with donor restrictions

    beginning of year $67,308,639 · end of year $56,621,092

Mission and programs · 2024

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 32 NEW AND FOLLOW-ON INVESTMENTS IN 2024, REACHING A CUMULATIVE $185 MILLION INVESTED IN 201 BUSINESSES SERVING 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 FOUR SPONSORED FUNDS, 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, AGRICULTURE, AND TECH.

    Expenses $17,807,016 · Grants $3,440,171 · Revenue $1,304,878

  • INSIGHTS & IMPACT: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 2024, ACUMEN HAS REACHED OVER 719 MILLION LIVES IMPACTED THROUGH OUR PATIENT CAPITAL AND FOR-PROFIT INVESTMENTS.

    Expenses $4,455,318 · Grants $750 · Revenue $76,382

  • FELLOWS & LEADERSHIP PROGRAMS:WE PREPARE LEADERS WITH THE TOOLS, CAPITAL AND COMMUNITY THEY NEED TO BUILD SCALABLE SOLUTIONS TO POVERTY. OUR RECENTLY LAUNCHED-LEARNING ENGAGEMENT PLATFORM OFFERS A FULL-SERVICE SPACE FOR ENTREPRENEURS AND FELLOWS TO ENGAGE WITH EACH OTHER. ACUMEN ACADEMY'S HAS GROWN TO MORE THAN 1800 FELLOWS, HAS AWARDED 99 EARLY-STAGE GRANTS TO FOUNDRY MEMBERS AND FACILITATED OVER 1.3 MILLION ONLINE COURSE SIGN-UPS. THROUGH ACADEMY ORGANIZATIONS AND COMPANIES, WE HAVE REACHED 71 MILLION LIVES IMPACTED.

    Expenses $4,239,334 · Grants $1,028,433 · Revenue $124,150

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jacqueline Novogratz

    CEO & DIRECTOR

    Total calculated
    $432,513
    From this org
    $393,218
    From related orgs
    $0
    Other
    $39,295
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $352,968
    Bonus
    $40,250
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $28,945
    Filer's total
    $432,513

  • Margo Alexander

    DIRECTOR (THRU 3/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Chew Wai Lin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Courey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • C Hunter Boll

    DIRECTOR (THRU 3/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Nate 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

    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

  • Juan Carlos Mora Uribe

    DIRECTOR (FROM 10/2/24)

    Total calculated
    $0
    Hours/week
    1

  • Nate Laurell

    BOARD CHAIR (FROM 4/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Shaiza Rizavi

    BOARD CHAIR (THRU 03/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Carlyle Singer Jones

    PRESIDENT

    Total calculated
    $374,178
    From this org
    $352,317
    From related orgs
    $0
    Other
    $21,861
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $316,697
    Bonus
    $35,620
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $11,511
    Filer's total
    $374,178

  • Lynn Roland

    BOARD SECRETARY/GENERAL COUNSEL

    Total calculated
    $336,668
    From this org
    $284,047
    From related orgs
    $0
    Other
    $52,621
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $252,782
    Bonus
    $31,265
    Other
    $0
    Deferred
    $8,888
    Nontaxable benefits
    $43,733
    Filer's total
    $336,668

  • Jacqueline Woo

    CFO (THRU 8/9/24)

    Total calculated
    $228,004
    From this org
    $194,146
    From related orgs
    $0
    Other
    $33,858
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $167,857
    Bonus
    $26,289
    Other
    $0
    Deferred
    $6,038
    Nontaxable benefits
    $27,820
    Filer's total
    $228,004

  • Yasmina Zaidman

    CHIEF OF DEVELOPMENT & PARTNERSHIPS

    Total calculated
    $334,170
    From this org
    $282,481
    From related orgs
    $0
    Other
    $51,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,614
    Bonus
    $28,867
    Other
    $0
    Deferred
    $8,816
    Nontaxable benefits
    $42,873
    Filer's total
    $334,170

  • Catherine C Nanda

    DIRECTOR, ACUMEN AMERICA

    Total calculated
    $287,497
    From this org
    $251,547
    From related orgs
    $0
    Other
    $35,950
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $238,047
    Bonus
    $13,500
    Other
    $0
    Deferred
    $7,905
    Nontaxable benefits
    $28,045
    Filer's total
    $287,497

  • Katherine Parker

    CHIEF OF ACADEMY

    Total calculated
    $278,429
    From this org
    $269,689
    From related orgs
    $0
    Other
    $8,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,539
    Bonus
    $29,150
    Other
    $0
    Deferred
    $8,270
    Nontaxable benefits
    $470
    Filer's total
    $278,429

  • Jiwoo Choi

    CHIEF OF STRATEGIC INITIATIVES

    Total calculated
    $268,643
    From this org
    $247,230
    From related orgs
    $0
    Other
    $21,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,230
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,413
    Filer's total
    $268,643

  • Amon Anderson

    DIRECTOR, ACUMEN AMERICA

    Total calculated
    $254,956
    From this org
    $219,801
    From related orgs
    $0
    Other
    $35,155
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $207,801
    Bonus
    $12,000
    Other
    $0
    Deferred
    $7,110
    Nontaxable benefits
    $28,045
    Filer's total
    $254,956

  • Amrita Bhandari

    CHIEF OF INSIGHTS & STRATEGY

    Total calculated
    $302,442
    From this org
    $293,177
    From related orgs
    $0
    Other
    $9,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,000
    Bonus
    $28,177
    Other
    $0
    Deferred
    $8,795
    Nontaxable benefits
    $470
    Filer's total
    $302,442

  • Jules Samain

    MANAGING DIRECTOR, H2R

    Total calculated
    $240,027
    From this org
    $231,150
    From related orgs
    $0
    Other
    $8,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,150
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,877
    Filer's total
    $240,027

  • Alexandra Gordon

    CHIEF OF COMMUNICATIONS

    Total calculated
    $211,988
    From this org
    $207,385
    From related orgs
    $0
    Other
    $4,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,385
    Bonus
    $0
    Other
    $0
    Deferred
    $4,200
    Nontaxable benefits
    $403
    Filer's total
    $211,988

  • Sandra Halilovic

    DIRECTOR OF INVESTMENTS, H2R

    Total calculated
    $201,470
    From this org
    $201,000
    From related orgs
    $0
    Other
    $470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $470
    Filer's total
    $201,470

  • Sarah Bieber

    DIRECTOR, DEVELOPMENT & PARTNERSHIPS

    Total calculated
    $203,723
    From this org
    $197,333
    From related orgs
    $0
    Other
    $6,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,350
    Bonus
    $23,983
    Other
    $0
    Deferred
    $5,920
    Nontaxable benefits
    $470
    Filer's total
    $203,723

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

  • ACUMEN CAPITAL PARTNERS LLC

    $412,278

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • REFUGEE INVESTMENT NETWORK INC

    $333,163

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

  • STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC

    $25,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • CITY OF SAMARITANS PBC

    $25,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • KAIZEN HEALTH INC

    $25,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • FREE FROM MARKET

    $10,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • FARMBOX DIRECT INC

    $10,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • RASA PUBLIC BENEFIT CORPORATION

    $10,000

    TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

  • ZERAKI INC

    $10,000

    TA GRANT - TO ENABLE THE GRANT RECIPIENT TO IMPROVE PERSONALIZED LEARNING FOR STUDENTS USING ZERAKI LEARNING BY OPTIMIZING AI - VIA EA EDUCATION FACILITY

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 MARKETS 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 $920,928 · assets $317,335

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN CAPITAL PARTNERS (EA) LIMITED

    INVESTMENT ADVISOR · KE · income $735,005 · assets $282,583

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN AMERICA LLC

    INVESTING IN SOCIAL ENTERPRISES · DE · income $7,777,716 · assets $29,752,815

    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

  • KAWISAFI II CIP LP

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

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN VENTURES DEBT PARTNERS LTD

    INVESTMENT ADVISOR · UK · 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 $116,789 · share of assets $14,649,447 · general or managing partner

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • ACUMEN RESILIENT AGRICULTURE FUND LP

    RELATED · INVESTING IN SOCIAL ENTERPRISES · CA · 3.45% owned · share of income -$26,599 · share of assets $1,404,258 · general or managing partner

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • KAWISAFI II LP

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

    Directly controlled by ACUMEN CAPITAL PARTNERS LLC

  • AZAHAR COFFEE COMPANY LLC

    RELATED · INVESTING IN SOCIAL ENTERPRISES · NY · 69.96% owned · share of assets $1,110,799

    Directly controlled by ACUMEN FUND INC

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 $1,123,604 · share of assets $407,226 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN CAPITAL PARTNERS LLC

    C · FUND MANAGER · DE · 100% owned · share of income $3,614,892 · share of assets $3,230,909 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN CAPITAL HOLDING LLC

    C · HOLDING COMPANY · DE · 100% owned · share of income $20,685 · share of assets $841,350 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN EA ADVISORY SERVICES LTDGTE

    C · ADVISORY SERVICES · KE · 100% owned · share of income $2,251,606 · share of assets $1,051,853 · controlled entity

    Directly controlled by ACUMEN FUND INC

  • ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD

    C · ADVISORY SERVICES · IN · 100% owned · share of income $24,533 · share of assets $708,325 · 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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523169349309452

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