Nonprofit · EIN 13-4166228
ACUMEN FUND INC
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,387,713 | $34,228,367 | $12,159,346 | $217,512,001 | $13,420,650 | $204,091,351 |
| December 31, 2023 | 990 | $53,208,748 | $30,214,319 | $22,994,429 | $210,817,310 | $14,566,571 | $196,250,739 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $44,103,444
- of which government grants
- $3,669,500
- Program service revenue
- $1,505,410
- Investment income
- $272,607
- Net gain from sales of assets
- -$1,593,154
- Other revenue
- $506,252
Expenses
- Grants and similar amounts paid
- $4,469,354
- Compensation of officers, directors and key employees
- $2,795,057
- Other salaries and wages
- $11,181,505
- Salaries, compensation and benefits (total)
- $16,549,035
- Professional fundraising fees
- $72,200
- Legal fees
- $476,103
- Accounting fees
- $161,167
- Occupancy
- $840,585
- Travel
- $687,311
- Depreciation
- $53,198
- Program services (functional)
- $26,501,668
- Management and general (functional)
- $4,012,739
- Fundraising (functional)
- $3,713,960
Balance sheet and other
- Total assets, start of year
- $210,817,310
- Total assets, end of year
- $217,512,001
- Total liabilities, end of year
- $13,420,650
- Net assets, end of year
- $204,091,351
- Land, buildings and equipment
- $39,439
- Net assets without donor restrictions
- $147,470,259
- Net assets with donor restrictions
- $56,621,092
- Gross receipts
- $50,066,111
- Employees
- 140
- Volunteers
- 12
- Year formed
- 2001
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACQUELINE NOVOGRATZ | CEO & DIRECTOR Trustee or director, Officer | 39.5 | $393,218 | $39,295 |
| CARLYLE SINGER JONES | PRESIDENT Officer | 39.5 | $352,317 | $21,861 |
| LYNN ROLAND | BOARD SECRETARY/GENERAL COUNSEL Officer | 35 | $284,047 | $52,621 |
| YASMINA ZAIDMAN | CHIEF OF DEVELOPMENT & PARTNERSHIPS Key employee | 40 | $282,481 | $51,689 |
| AMRITA BHANDARI | CHIEF OF INSIGHTS & STRATEGY Highest-paid employee | 40 | $293,177 | $9,265 |
| CATHERINE C NANDA | DIRECTOR, ACUMEN AMERICA Key employee | 0 | $251,547 | $35,950 |
| KATHERINE PARKER | CHIEF OF ACADEMY Key employee | 40 | $269,689 | $8,740 |
| JIWOO CHOI | CHIEF OF STRATEGIC INITIATIVES Key employee | 40 | $247,230 | $21,413 |
| AMON ANDERSON | DIRECTOR, ACUMEN AMERICA Key employee | 0 | $219,801 | $35,155 |
| JULES SAMAIN | MANAGING DIRECTOR, H2R Highest-paid employee | 40 | $231,150 | $8,877 |
| JACQUELINE WOO | CFO (THRU 8/9/24) Officer | 39.5 | $194,146 | $33,858 |
| ALEXANDRA GORDON | CHIEF OF COMMUNICATIONS Highest-paid employee | 40 | $207,385 | $4,603 |
| SARAH BIEBER | DIRECTOR, DEVELOPMENT & PARTNERSHIPS Highest-paid employee | 40 | $197,333 | $6,390 |
| SANDRA HALILOVIC | DIRECTOR OF INVESTMENTS, H2R Highest-paid employee | 40 | $201,000 | $470 |
| MARGO ALEXANDER | DIRECTOR (THRU 3/31/24) Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN CHEW WAI LIN | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW COUREY | DIRECTOR Trustee or director | 1 | $0 |
| C HUNTER BOLL | DIRECTOR (THRU 3/31/24) Trustee or director | 1 | $0 |
| NATE LAURELL | DIRECTOR Trustee or director | 1 | $0 |
| CRISTINA LJUNGBERG | DIRECTOR Trustee or director | 1 | $0 |
| KIRSTEN NEVILL-MANNING | DIRECTOR Trustee or director | 1 | $0 |
| KAREN PATERSON | DIRECTOR Trustee or director | 1 | $0 |
| THULASIRAJ RAVILLA | DIRECTOR Trustee or director | 1 | $0 |
| ANDREA SOROS COLOMBEL | DIRECTOR Trustee or director | 1 | $0 |
| HANS TAPARIA | DIRECTOR Trustee or director | 1 | $0 |
| JUAN CARLOS MORA URIBE | DIRECTOR (FROM 10/2/24) Trustee or director | 1 | $0 |
| NATE LAURELL | BOARD CHAIR (FROM 4/1/24) Trustee or director, Officer | 1 | $0 |
| SHAIZA RIZAVI | BOARD CHAIR (THRU 03/31/24) Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACQUELINE NOVOGRATZ | CEO & DIRECTOR Trustee or director, Officer | 39.5 | $373,288 | $0 | $35,257 |
| CARLYLE SINGER JONES | PRESIDENT Officer | 39.5 | $334,865 | $0 | $22,772 |
| LYNN ROLAND | BOARD SECRETARY/GENERAL COUNSEL Officer | 35 | $250,065 | $0 | $49,248 |
| JACQUELINE WOO | CHIEF FINANCIAL OFFICER Officer | 39.5 | $252,096 | $0 | $45,684 |
| YASMINA ZAIDMAN | CHIEF OF DEVELOPMENT & PARTNERSHIPS Key employee | 40 | $252,052 | $0 | $41,006 |
| MICHELLE OSORIO | INVESTMENT DIR., KAWISAFI VENTURES Highest-paid employee | 0 | $0 | $241,066 | $47,541 |
| CATHERINE C NANDA | DIRECTOR, ACUMEN AMERICA Key employee | 0 | $240,008 | $0 | $40,843 |
| AMRITA BHANDARI | CHIEF OF INSIGHTS & STRATEGY Key employee | 40 | $257,830 | $0 | $8,138 |
| WILLIAM CHARNOCK | CHIEF OF MARKETING (UNTIL 6/30/23) Key employee | 40 | $240,774 | $0 | $16,653 |
| AMON ANDERSON | DIRECTOR, ACUMEN AMERICA Key employee | 0 | $214,064 | $0 | $40,381 |
| JOANNA MCQUADE | DIRECTOR, TALENT Key employee | 40 | $231,674 | $0 | $19,918 |
| ALEXANDRA TRABULSI | DIRECTOR, PHILANTHROPY Highest-paid employee | 40 | $195,286 | $0 | $6,262 |
| SARAH BIEBER | DIRECTOR, DEVELOPMENT & PARTNERSHIPS Highest-paid employee | 40 | $190,575 | $0 | $6,120 |
| SABRINA LEE ORTEGA SANCHEZ | HEAD OF BUSINESS DEV., FOUNDATION Highest-paid employee | 40 | $170,972 | $0 | $19,623 |
| KEVIN LEHMAN ASSOCIATE | DIRECTOR, FUNDRAISING (UNTIL 12/7/23) Highest-paid employee | 40 | $171,667 | $0 | $16,160 |
| MARGO ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN CHEW WAI LIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW COUREY | DIRECTOR (AS OF 4/27/2023) Trustee or director | 1 | $0 | $0 | $0 |
| C HUNTER BOLL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN LAURELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CRISTINA LJUNGBERG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIRSTEN NEVILL-MANNING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN PATERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THULASIRAJ RAVILLA | DIRECTOR (AS OF 4/27/2023) Trustee or director | 1 | $0 | $0 | $0 |
| ANDREA SOROS COLOMBEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HANS TAPARIA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK TERCEK | DIRECTOR (UNTIL 5/1/2023) Trustee or director | 1 | $0 | $0 | $0 |
| SHAIZA RIZAVI | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 WORTH ST RM 303, NEW YORK, NY 10013-3196
- Principal officer (990 for 2024)
- JACQUELINE NOVOGRATZ, 40 WORTH STREET 303, NEW YORK, NY 10013
- Signed the 990
- HANNAH TOFILSKA, CHIEF FINANCIAL OFFICER
- Phone
- (212) 566-8821
- Website
- WWW.ACUMEN.ORG
- Return prepared by
- RSM US LLP
Mission
SEE SCHEDULE O
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-4166228
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q123)
- Assets (IRS master file)
- $217,512,001
- Income (IRS master file)
- $50,066,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,387,713 | $34,228,367 | $217,512,001 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $53,208,748 | $30,214,319 | $210,817,310 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $61,117,505 | $28,870,332 | $187,205,036 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4166228).
Questions about ACUMEN FUND INC
- What is the EIN of ACUMEN FUND INC?
- The employer identification number (EIN) of ACUMEN FUND INC is 13-4166228.
- Is ACUMEN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to ACUMEN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACUMEN FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACUMEN FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACUMEN FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ACUMEN FUND INC?
- The 990 for the year ended December 31, 2024 names JACQUELINE NOVOGRATZ.
- Who are the officers and directors of ACUMEN FUND INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 14 received compensation from the organization, the highest $393,218 (JACQUELINE NOVOGRATZ, CEO & DIRECTOR).
- How much revenue does ACUMEN FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,387,713, expenses of $34,228,367 and total assets of $217,512,001 at year end.
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