Cause IQ organization profile

Acumen Fund

Form 990s | Financials | Vendors | Personnel | Peers

Acumen Fund is a social advocacy organization based in New York, NY that was founded in 2001. As of 2018 they had $29 million in revenue and $121 million in assets.

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 th...

EIN:
13-4166228
Location:
New York, NY
Type:
501(c)(3)
NTEE:
Q30: International Development, Relief Services
Revenue:
$29,642,988
Assets:
$121,695,515
Employees:
65
Founded:
2001

Form 990s for Acumen Fund

Fiscal year endingDate received by IRSFormPDF link
2016-12Jan 18, 2018990 PDF
2015-12Dec 30, 2016990 PDF
2014-12Oct 5, 2015990 PDF
2013-12Nov 21, 2014990 PDF
2012-12Sep 27, 2013990 PDF
...and two more Form 990 PDFs

Financials for Acumen Fund

Revenues

Field2017
Federated campaigns$0
Membership dues$0
Fundraising event contributions$89,559
Related organizations$0
Government grants (contributions)$1,927,488
Normal grants, contributions, etc.$25,676,501
Non-cash contributions$459,873
Program services$1,697,425
Investment income and dividends$69,671
Tax-exempt bond proceeds$0
Royalty revenue$3,901
Net rental income$0
Net gain from sale of non-inventory assets$77,110
Net income from fundraising events$-39,873
Net income from gaming activities$-21,443
Net income from sales of inventory$0
Miscellaneous revenues$162,649
Total revenues$29,642,988

Expenses

Field2017
Grants to govts. and orgs. in USA$165,000
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$707,127
Benefits paid to or for members$0
Compensation of current officers, etc.$2,629,581
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$5,727,465
Pension/retirement accruals and contributions$201,262
Other employee benefits$437,827
Payroll taxes$571,997
Management fees$137,390
Legal fees$109,011
Accounting fees$137,923
Lobbying fees$0
Pro. fundraising fees$0
Investment mgmt fees$0
Other fee-for-service$4,998,918
Advertising and promotion$223,571
Office expenses$203,959
Information tech. expenses$495,498
Royalty expenses$0
Occupancy$757,507
Travel$912,052
Public official travel and entertainment$0
Conferences, meetings, etc.$652,317
Interest$0
Payments to affiliates$0
Depreciation, amortization, etc.$299,943
Insurance$62,524
All other expenses$2,505,926
Total expenses$21,936,798

Assets

Field2017
Cash (non-interest-bearing)$456,525
Savings, short-term investments, etc.$35,073,080
Pledges and grants receivable$21,417,847
Accounts receivable$1,157,247
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$0
Prepaid expenses and deferred charges$294,560
Buildings, equipment, etc. post-depreciation$421,059
Investments, publicly traded securities$0
Investments, other securities$500,959
Investments, program-related$61,608,951
Intangible assets$0
Other assets$765,287
Total assets$121,695,515

Liabilities

Field2017
Accounts payable and accrued expenses$1,899,357
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$0
Total liabilities$1,899,357

Net asset restrictions

Field2017
Unrestricted net assets$82,044,415
Temporarily restricted net assets$37,751,743
Permanently restricted net assets$0

Performance indicators

Field2017
Total margin25%
Working capital$56,499,902
Current assets$58,399,259
Current liabilities$1,899,357
Days cash on hand591 days
Acid test liquidity ratio30.59

Vendors for Acumen Fund

VendorServicesAmount paidDate
DrupalContent management system software2018-12-18
█████████Content management system software2018-12-18
███ ████████ ██████ ███Tax accounting2018-11-15
█████████CRM software; Marketing software2018-05-03
██████ █████ ███ ███Staffing Services$268,1552017-12-01
███ ███████████ █████ ███Peo Service Fee$142,0282017-12-01
██████ ███████Vendor Impact Research$209,3082017-12-01
██████ █████████ ████████ ███Vendor Software$178,0402017-12-01
...and one more vendors

Personnel at Acumen Fund

NameTitleCompensationLast updated
Jacqueline NovogratzChief Executive Officer-Sept. 27, 2018
██████████ █████████Board Member / Chief Executive Officer and Director$351,901Feb. 2, 2018
██████ ██ █████Chief Operating Officer-May 31, 2018
██████ ████████Chief Financial Officer Until September 2016 and Advisor$175,195May 31, 2018
█████████ █████Chief Investment Officer$266,563May 31, 2018
█████████ ███████Chief Innovation Officer$241,013Dec. 31, 2016
█████ ███████Chief Innovation Officer , New York , Usa-Sept. 25, 2018
█████████ █████ █████Chief of Staff To Chief Executive Officer$179,793Sept. 28, 2017
█████ ██ ███████Founder of the Los Angeles Chapter-June 8, 2016
████████ ███████Director De Inversiones and Investment Director-Sept. 18, 2018
...and 41 more key personnel

Peer social advocacy organizations

 NameTypeRevenueLocation
1Brac Usa501(c)(3)$9.1 millionNew York, NY
2Millennium Promise501(c)(3)$15 millionNew York, NY
3International Aids Vaccine Initiative Inc (Dba Aids Vaccine Initiative Intl)501(c)(3)$80 millionNew York, NY
4Aeras501(c)(3)$32 millionRockville, MD
5Center for Global Development (CGD)501(c)(3)$20 millionWashington, DC
6Water.org501(c)(3)$27 millionKansas City, MO
7Thrive Networks Global501(c)(3)$8.3 millionOakland, CA
8International Vaccine Institute (IVI)501(c)(3)$27 millionRepublic of Korea,
9Global Communities501(c)(3)$133 millionSilver Spring, MD
10Trickle Up Program Inc501(c)(3)$8.6 millionNew York, NY
11Cuso International501(c)(3)$19 millionCanada,
12Hunger Project501(c)(3)$16 millionNew York, NY
13TrustAfrica501(c)(3)$8.3 millionNew York, NY
14WaterAid America (WAA)501(c)(3)$11 millionNew York, NY
15Near East Foundation (NEF)501(c)(3)$14 millionSyracuse, NY
16Helen Keller International Incorporated501(c)(3)$69 millionNew York, NY
17World Monuments Fund (WMF)501(c)(3)$10 millionNew York, NY
18Oxfam America501(c)(3)$79 millionBoston, MA
19Counterpart International501(c)(3)$68 millionArlington, VA
20Pact501(c)(3)$23 millionWashington, DC
21Grameen Foundation501(c)(3)$14 millionWashington, DC
22International Youth Foundation (IYF)501(c)(3)$19 millionBaltimore, MD
23Cgiar501(c)(3)$13 millionFrance,
24Bill Hillary & Chelsea Clinton FOUNDATION501(c)(3)$70 millionLittle Rock, AR
25Sustainable Fisheries Partnership Foundation501(c)(3)$9.4 millionHonolulu, HI

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