ACUMEN FUND INC

As filed

Subsection

03

NTEE code

Q123

Classification

1000

Street

40 WORTH ST RM 303

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $46,387,713

  Expenses

  $34,228,367

  Contributions

  $44,103,444

  Grants paid

  $4,469,354

• 2023

  Revenue

  $53,208,748

  Expenses

  $30,214,319

  Contributions

  $50,322,993

  Grants paid

  $2,988,413

• 2022

  Revenue

  $61,117,505

  Expenses

  $28,870,332

  Contributions

  $59,141,180

  Grants paid

  $1,806,288

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2024 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2023 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2022 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $30,454,797

  Expenses

  $22,798,953

  Assets (EOY)

  $151,257,086

• 2021 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2020 · 990

  Revenue

  $28,858,136

  Expenses

  $28,389,297

  Assets (EOY)

  $141,486,235

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $30,966,848

  Expenses

  $26,569,877

  Assets (EOY)

  $140,919,171

• 2018 · 990

  Revenue

  $34,621,633

  Expenses

  $22,674,343

  Assets (EOY)

  $134,799,533

• 2017 · 990

  Revenue

  $29,642,988

  Expenses

  $21,936,798

  Assets (EOY)

  $121,695,515

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• ACUMEN CAPITAL PARTNERS LLC

  $412,278

  2024 · TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

• CLIMATE POLICY INITIATIVE INC

  $374,279

  2023 · LAUNCH AND OPERATIONALIZE THE CLIMATESHOT IMPACT INVESTING COALITION (CIIC)

• REFUGEE INVESTMENT NETWORK INC

  $333,163

  2024 · CONDUCT RESEARCH, EDUCATE AND ADVISE ON HOW TO BUILD AND IMPLEMENT DURABLE REFUGEE-LENS INVESTING (RLI) STRATEGIES WORLDWIDE

• ACUMEN CAPITAL PARTNERS LLC

  $300,000

  2022 · TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

• REFUGEE INVESTMENT NETWORK INC

  $151,823

  2023 · CONDUCT RESEARCH, EDUCATE AND ADVISE ON HOW TO BUILD AND IMPLEMENT DURABLE REFUGEE-LENS INVESTING (RLI) STRATEGIES WORLDWIDE

• MAZIWA

  $95,566

  2023 · CREATE ACCESS TO THE WEMA, A DISCREET, WIRELESS, AND PORTABLE BREAST PUMP, FOR VULNERABLE WORKING MOTHERS IN KENYA

• CITY OF SAMARITANS PBC

  $60,000

  2023 · TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

• KAIZEN HEALTH INC

  $60,000

  2023 · TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

• STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC

  $60,000

  2023 · TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

• SANERGY INC

  $50,491

  2023 · TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES

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

Where these grants went next →

Grants received

• SILICON VALLEY COMMUNITY FOUNDATION

  $10,006,500

  2023 · Community Development

• DONOR ADVISED CHARITABLE GIVING

  $6,960,317

  2024 · INTERNATIONAL, FOREIGN AFFAIRS

• GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC

  $4,650,000

  2023 · COMMUNITY & HUMAN SERVICES

• DONOR ADVISED CHARITABLE GIVING

  $4,491,700

  2023 · INTERNATIONAL, FOREIGN AFFAIRS

• DONOR ADVISED CHARITABLE GIVING

  $3,535,175

  2022 · INTERNATIONAL, FOREIGN AFFAIRS

• GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC

  $2,021,000

  2024 · COMMUNITY & HUMAN SERVICES

• RF CATALYTIC CAPITAL INC

  $1,875,000

  2024 · TO PROVIDE TECHNICAL ASSISTANCE

• IMPACTASSETS INC

  $1,511,200

  2022 · ACUMEN'S PIONEER ENERGY INVESTMENT INITIATIVE - PLUS

• NATIONAL PHILANTHROPIC TR

  $1,384,000

  2023 · EDUCATION

• CHARITIES AID FOUNDATION AMERICA

  $1,000,000

  2022 · CHARITABLE DONATION

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

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files