Cause IQ organization profile

Acumen Fund

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Acumen Fund is a organizations supporting multiple international-focused nonprofit based in New York, NY that was founded in 2001. As of 2019 they had $34 million in revenue and $134 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
City:
State:
Metro:
Website:
Facebook:
Twitter:
Founded:
2001
Type:
501(c)(3)
NTEE:
Revenue:
$34,621,633
Assets:
$134,799,533
Employees:
71
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at Acumen Fund

Investing and portfolio management: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 eight new companies in 2018, reaching a cumulative $117 million invested in 116 businesses serving the poor. [see continuation on schedule o]acumen's patient capital approach yielded exits across our pioneer portfolio this year. Our long-time clean energy investee d.light design closed $41 million in a series e equity raise, allowing Acumen to exit its series a shares; poultry farming investee ethiochicken repaid its loan to Acumen three years ahead of schedule with outsized ...

Fellows and leadership programs Acumen's fellowship program in east africa, pakistan and india builds cohorts of local social change leaders and facilitates five week-long seminars ranging from holistic approaches to problem-solving to frameworks for thriving in challenging environments. This year, Acumen launched fellowship programs in two additional regions, colombia and west africa. By the end of q4 2018, we had reached a cumulative 442 Acumen fellows worldwide. [see continuation on schedule o]in addition, we continued to grow +Acumen, our online learning platform for social change. We offered 19 free courses and 20 master classes, growing our online community to roughly 450,000 course-takers from 192 countries. We increased the depth of this online content as well by launching accelerators, or structured offerings for innovators to develop new business models and initiatives through curated curricula, coaching and peer networks. Our partners such as american express, accion international, ideo.org, grameen foundation, and fossil ...

Impact and communicationsthe 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 shifting public perception to see the potential of low-income people.acumen's work in impact has continued to advance the organization's role in understanding and measuring social performance in the impact investing industry. [see continuation on schedule o]building upon the launch of lean data measurement services in 2015, we aim to make impact data equally as relevant and foundational as financial data to supercharge our capacity to solve the world's toughest problems. The lean data methodology leverages modern technology to listen to the poor, closing the communication gap between social enterprises and their customers and amplifying voices previously unheard. Subsequent to year end 2018, in service of working toward a new ...

Form 990s for Acumen Fund

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 14, 2020990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Dec 30, 2016990View PDF
2014-12Oct 5, 2015990View PDF
...and five more Form 990 PDFs

Financials for Acumen Fund

Field2018
Total grants, contributions, etc.$35,753,189
Program services$2,431,762
Investment income and dividends$78,195
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-3,868,510
Net income from fundraising events$-23,478
Net income from gaming activities$-22,236
Net income from sales of inventory$0
Miscellaneous revenues$272,711
Total revenues$34,621,633

Vendors for Acumen Fund

VendorServicesAmount paidDate
WordPressContent management system software2020-06-18
███████CRM software2020-06-18
███████Marketing software; CRM software; Content management system software2020-06-18
███ ███████████ █████ ███Peo Service Fee$1,6092020-02-14
██████ █████ ███ ███Staffing Services$3,3992020-02-14
██████ ████████Recruiting Services$1,5802020-02-14
██████ █████████ █████████ ███Vendor Software$1,1112020-02-14
███ ████████ ██████ ███Tax accounting; Professional Services$107,7502019-11-15
...and one more vendors

Personnel at Acumen Fund

NameTitleCompensationMost recent data
Jacqueline NovogratzChief Executive Officer-Sept. 27, 2018
Daniel R. TooleChief Operating Officer-May 31, 2018
██████████ ███Chief Financial Officer$211,013Feb. 15, 2019
█████ ███████Chief Innovation Officer , New York , Usa-Sept. 25, 2018
███████ ██ ████Chief Business Development Officer , London , Uk-Aug. 20, 2020
███████ █████████████Director of Portfolio-Aug. 20, 2020
████████ ███████Director De Inversiones and Investment Director-Sept. 18, 2018
████ █████████Director of Talent-May 31, 2018
██████ ██ ██████Head of Talent-June 21, 2018
█████ █████████Head of Talent Development-Sept. 28, 2017
...and 29 more key personnel

Peer organizations supporting multiple foreign affairs and international nonprofits

 NameTypeRevenueLocation
1Clinton Foundation501(c)(3)$38 millionLittle Rock, AR
2350 Org501(c)(3)$19 millionWashington, DC
3Calcef Innovations501(c)(3)$16 millionOakland, CA
4Institute for Governance and Sustainable Development (IGSD)501(c)(3)$9.9 millionWashington, DC
5Association for Energy Affordability501(c)(3)$12 millionBronx, NY
6International Planned Parenthood Federation - Western Hemisphere Region (IPPF/WHR)501(c)(3)$30 millionNew York, NY
7American Jewish World Service501(c)(3)$39 millionNew York, NY
8Echoing Green501(c)(3)$10 millionNew York, NY
9Committee to Protect Journalists501(c)(3)$9.2 millionNew York, NY
10Action Against Hunger USA501(c)(3)$146 millionNew York, NY
11Teach for All501(c)(3)$22 millionNew York, NY
12Women Deliver501(c)(3)$13 millionNew York, NY
13Organization for Rehabilitation Through Training America (ORTA)501(c)(3)$13 millionNew York, NY
14Near East Foundation (NEF)501(c)(3)$16 millionSyracuse, NY
15C40 Cities Climate Leadership Group501(c)(3)$30 millionNew York, NY
16TransitCenter501(c)(3)$10 millionNew York, NY
17International Aids Vaccine Initiative501(c)(3)$77 millionNew York, NY
18Natural Resource Governance Institute (NRGI)501(c)(3)$16 millionNew York, NY
19Help Me See501(c)(3)$26 millionNew York, NY
20Endeavor Global501(c)(3)$9.0 millionNew York, NY
21Population Council501(c)(3)$97 millionNew York, NY
22Aids Vaccine Advocacy Coalition (AVAC)501(c)(3)$22 millionNew York, NY
23Enveritas501(c)(3)$10 millionNew York, NY
24The Eurasia Foundation501(c)(3)$9.2 millionWashington, DC
25Planned Parenthood of New York City (PPNYC)501(c)(3)$57 millionNew York, NY