Civic Intelligence

Acumen Fund Inc.

990 • Fiscal year 2010 • EIN 13-4166228

Jan 01, 2010 to Dec 31, 2010 • Filed on Oct 07, 2011

76 Ninth Avenue No 31510011
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.01x

Higher debt load relative to assets than 5% of similar nonprofits.

2010 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$88,328,834

No earlier filing loaded for comparison.

Net Assets

$87,813,300

No earlier filing loaded for comparison.

Liabilities

$515,534

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$8,271,911

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $88,328,834Liabilities 2010: $515,534Net Assets 2010: $87,813,3002010Assets 2011: $95,068,646Liabilities 2011: $2,312,672Net Assets 2011: $92,755,9742011Assets 2012: $94,788,956Liabilities 2012: $1,764,088Net Assets 2012: $93,024,8682012Assets 2013: $94,568,107Liabilities 2013: $761,160Net Assets 2013: $93,806,9472013Assets 2014: $96,563,935Liabilities 2014: $1,246,537Net Assets 2014: $95,317,3982014Assets 2015: $102,771,968Liabilities 2015: $1,401,512Net Assets 2015: $101,370,4562015Assets 2016: $114,223,148Liabilities 2016: $2,071,343Net Assets 2016: $112,151,8052016Assets 2017: $121,695,515Liabilities 2017: $1,899,357Net Assets 2017: $119,796,1582017Assets 2018: $134,799,533Liabilities 2018: $3,117,746Net Assets 2018: $131,681,7872018Assets 2019: $140,919,171Liabilities 2019: $5,039,812Net Assets 2019: $135,879,3592019Assets 2020: $141,486,235Liabilities 2020: $5,408,376Net Assets 2020: $136,077,8592020Assets 2021: $151,257,086Liabilities 2021: $6,885,479Net Assets 2021: $144,371,6072021Assets 2022: $187,205,036Liabilities 2022: $10,806,671Net Assets 2022: $176,398,3652022Assets 2023: $210,817,310Liabilities 2023: $14,566,571Net Assets 2023: $196,250,7392023Assets 2024: $217,512,001Liabilities 2024: $13,420,650Net Assets 2024: $204,091,3512024

Highlighted filing

2010

Assets$88,328,834
Liabilities$515,534
Net Assets$87,813,300

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $8,271,9112010Revenue 2011: $17,105,031Expenses 2011: $12,150,078Net Income 2011: $4,954,9532011Revenue 2012: $10,644,819Expenses 2012: $11,581,021Net Income 2012: -$936,2022012Revenue 2013: $16,752,385Expenses 2013: $15,455,622Net Income 2013: $1,296,7632013Revenue 2014: $18,731,930Expenses 2014: $16,871,549Net Income 2014: $1,860,3812014Revenue 2015: $23,628,520Expenses 2015: $17,285,498Net Income 2015: $6,343,0222015Revenue 2016: $30,363,773Expenses 2016: $19,444,682Net Income 2016: $10,919,0912016Revenue 2017: $29,642,988Expenses 2017: $21,936,798Net Income 2017: $7,706,1902017Revenue 2018: $34,621,633Expenses 2018: $22,674,343Net Income 2018: $11,947,2902018Revenue 2019: $30,966,848Expenses 2019: $26,569,877Net Income 2019: $4,396,9712019Revenue 2020: $28,858,136Expenses 2020: $28,389,297Net Income 2020: $468,8392020Revenue 2021: $30,454,797Expenses 2021: $22,798,953Net Income 2021: $7,655,8442021Revenue 2022: $61,117,505Expenses 2022: $28,870,332Net Income 2022: $32,247,1732022Revenue 2023: $53,208,748Expenses 2023: $30,214,319Net Income 2023: $22,994,4292023Revenue 2024: $46,387,713Expenses 2024: $34,228,367Net Income 2024: $12,159,3462024

Highlighted filing

2010

Revenue-
Expenses$8,271,911
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Oct 7, 2011
Return Version
2010v3.4
Gross Receipts
$16,249,920
Mission and Program Overview

Mission

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 the lives of millions in south asia, sub-saharan africa and latin america.since 2001, acumen fund has invested more than $88 million in enterprises that provide products and services that include affordable maternal healthcare services, asset-backed financing for smallholder farmers, and skills-training for employment. We are building a global community of emerging leaders that believe in creating a more inclusive world through the tools of both business and philanthropy. In addition, we are sharing our lessons and spreading innovative ideas to change the way the world tackles poverty.

Major Activities

Activity 2
Outreach, knowledge and communications:the goal of the knowledge and communications team at acumen fund is to share what we are learning from our portfolio, to drive change in how the world tackles poverty, and to support a new approach that addresses poverty through entrepreneurial solutions. In 2010, we presented at leading conferences, published case-studies, and held workshops covering issues such as innovations in low-income housing.
Activity 3
Fellows program:acumen fund recognizes that building and investing in enterprises that serve the poor takes a new type of leader, one who combines hard business skills with the passion and empathy required to build lasting solutions to poverty. The acumen fund fellows program, launched in 2006, recruits and trains this new type of leader. The twelve month fellowship begins with an eight week leadership training program at acumen fund in new york, followed by a nine-month assignment in india, pakistan or east africa where fellows provide direct support to an acumen fund investee on critical business issues. To date, our first five classes of fellows encompassing 44 individuals have supported 23 of our portfolio companies.
Filing and Contact Details

Filer

EIN
13-4166228
Raw XML AppendixShowing 400 of 971 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity2/Description0OUTREACH, KNOWLEDGE AND COMMUNICATIONS:THE GOAL OF THE KNOWLEDGE AND COMMUNICATIONS TEAM AT ACUMEN FUND IS TO SHARE WHAT WE ARE LEARNING FROM OUR PORTFOLIO, TO DRIVE CHANGE IN HOW THE WORLD TACKLES POVERTY, AND TO SUPPORT A NEW APPROACH THAT ADDRESSES POVERTY THROUGH ENTREPRENEURIAL SOLUTIONS. IN 2010, WE PRESENTED AT LEADING CONFERENCES, PUBLISHED CASE-STUDIES, AND HELD WORKSHOPS COVERING ISSUES SUCH AS INNOVATIONS IN LOW-INCOME HOUSING.
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IRS990/Activity3/Description0FELLOWS PROGRAM:ACUMEN FUND RECOGNIZES THAT BUILDING AND INVESTING IN ENTERPRISES THAT SERVE THE POOR TAKES A NEW TYPE OF LEADER, ONE WHO COMBINES HARD BUSINESS SKILLS WITH THE PASSION AND EMPATHY REQUIRED TO BUILD LASTING SOLUTIONS TO POVERTY. THE ACUMEN FUND FELLOWS PROGRAM, LAUNCHED IN 2006, RECRUITS AND TRAINS THIS NEW TYPE OF LEADER. THE TWELVE MONTH FELLOWSHIP BEGINS WITH AN EIGHT WEEK LEADERSHIP TRAINING PROGRAM AT ACUMEN FUND IN NEW YORK, FOLLOWED BY A NINE-MONTH ASSIGNMENT IN INDIA, PAKISTAN OR EAST AFRICA WHERE FELLOWS PROVIDE DIRECT SUPPORT TO AN ACUMEN FUND INVESTEE ON CRITICAL BUSINESS ISSUES. TO DATE, OUR FIRST FIVE CLASSES OF FELLOWS ENCOMPASSING 44 INDIVIDUALS HAVE SUPPORTED 23 OF OUR PORTFOLIO COMPANIES.
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IRS990/ActivityOrMissionDescription0OUR MISSION IS TO CREATE A WORLD BEYOND POVERTY BY INVESTING IN SOCIAL ENTERPRISES, EMERGING LEADERS, AND BREAKTHROUGH IDEAS.OUR VISION IS THAT ONE DAY EVERY HUMAN BEING WILL HAVE ACCESS TO THE CRITICAL GOODS AND SERVICES THEY NEED - INCLUDING AFFORDABLE HEALTH, WATER, HOUSING,ENERGY, AGRICULTURAL INPUTS AND SERVICES - SO THAT THEY CAN MAKE DECISIONS AND CHOICES FOR THEMSELVES AND UNLEASH THEIR FULL HUMAN POTENTIAL. THIS IS WHERE DIGNITY STARTS - NOT JUST FOR THE POOR BUT FOR EVERYONE ON EARTH.
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IRS990/Description0INVESTING AND PORTFOLIO MANAGEMENT:IN 2010, ACUMEN FUND'S EXPENSES OF $3.8 MILLION ALLOWED US TO DISBURSE $7.2 MILLION TO ENTERPRISES PROVIDING AFFORDABLE HEALTHCARE, WATER, HOUSING AND ENERGY TO THE POOR IN INDIA, PAKISTAN AND EAST AFRICA AND TO PROVIDE CRITICAL MANAGEMENT SUPPORT TO INVESTEES THROUGH OUR GLOBAL PORTFOLIO TEAM.
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IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0ACUMEN FUND IS WORKING TO CREATE A WORLD BEYOND POVERTY BY INVESTING IN SOCIAL ENTERPRISES, EMERGING LEADERS AND BREAKTHROUGH IDEAS. WE INVEST 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 FUND HAS INVESTED MORE THAN $60 MILLION IN ENTERPRISES THAT PROVIDE ACCESS TO WATER, HEALTH, ENERGY, HOUSING AND AGRICULTURAL SERVICES TO LOW-INCOME CUSTOMERS IN SOUTH ASIA AND EAST AFRICA. AND WE ARE BUILDING A GLOBAL COMMUNITY OF EMERGING LEADERS THAT BELIEVE IN CREATING A MORE INCLUSIVE WORLD THROUGH THE TOOLS OF BOTH BUSINESS AND PHILANTHROPY.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations01
IRS990/NameOfForeignCountry0IN
IRS990/NameOfForeignCountry1PK
IRS990/NameOfForeignCountry2KE
IRS990/NameOfPrincipalOfficerPerson0JACQUELINE NOVOGRATZ
IRS990/NbrIndependentVotingMembers011
IRS990/NbrVotingGoverningBodyMembers012
IRS990/NbrVotingMembersGoverningBody012
IRS990/NetAssetsOrFundBalancesBOY083424354
IRS990/NetAssetsOrFundBalancesEOY087813300
IRS990/NetGainOrLossInvestments/ExclusionAmount0-24936
IRS990/NetGainOrLossInvestments/TotalRevenueColumn0-24936
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NoncashContributions02376747
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096032
IRS990/NumberIndependentVotingMembers011
IRS990/NumberIndividualsGT100K08
IRS990/NumberOfContractorsGT100K02
IRS990/NumberOfEmployees051
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Fundraising07106
IRS990/Occupancy/ManagementAndGeneral012501
IRS990/Occupancy/ProgramServices051160
IRS990/Occupancy/Total070767
IRS990/OfficeExpenses/Fundraising027117
IRS990/OfficeExpenses/ManagementAndGeneral031723
IRS990/OfficeExpenses/ProgramServices0142222
IRS990/OfficeExpenses/Total0201062
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY0296378
IRS990/OtherAssetsTotal/EOY0325349
IRS990/OtherEmployeeBenefits/Fundraising077567
IRS990/OtherEmployeeBenefits/ManagementAndGeneral075607
IRS990/OtherEmployeeBenefits/ProgramServices0322771
IRS990/OtherEmployeeBenefits/Total0475945
IRS990/OtherExpensePriorYear05346074
IRS990/OtherExpensesCurrentYear03435621
IRS990/OtherExpenses/Description0CONSULTANTS
IRS990/OtherExpenses/Description1EQUIPMENT MAINTENANCE
IRS990/OtherExpenses/Description2BANK CHARGES
IRS990/OtherExpenses/Description3MISCELLANEOUS
IRS990/OtherExpenses/Description4RESEARCH STUDY
IRS990/OtherExpenses/Fundraising091614
IRS990/OtherExpenses/Fundraising18468
IRS990/OtherExpenses/Fundraising214170
IRS990/OtherExpenses/Fundraising39577
IRS990/OtherExpenses/ManagementAndGeneral081951
IRS990/OtherExpenses/ManagementAndGeneral12919
IRS990/OtherExpenses/ManagementAndGeneral23456
IRS990/OtherExpenses/ManagementAndGeneral32676
IRS990/OtherExpenses/ManagementAndGeneral49000
IRS990/OtherExpenses/ProgramServices01737083
IRS990/OtherExpenses/ProgramServices122558
IRS990/OtherExpenses/ProgramServices29463
IRS990/OtherExpenses/ProgramServices37341
IRS990/OtherExpenses/Total01910648
IRS990/OtherExpenses/Total133945
IRS990/OtherExpenses/Total227089
IRS990/OtherExpenses/Total319594
IRS990/OtherExpenses/Total49000
IRS990/OtherLiabilities/BOY0254314
IRS990/OtherLiabilities/EOY058342
IRS990/OtherRevenueCurrentYear038230
IRS990/OtherRevenueMisc/BusinessCode0900099
IRS990/OtherRevenueMisc/Description0OTHER INCOME
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome038230
IRS990/OtherRevenueMisc/TotalRevenueColumn038230
IRS990/OtherRevenuePriorYear022391
IRS990/OtherSalariesAndWages/Fundraising0474660
IRS990/OtherSalariesAndWages/ManagementAndGeneral0454454
IRS990/OtherSalariesAndWages/ProgramServices01842825
IRS990/OtherSalariesAndWages/Total02771939
IRS990/OtherWebsite0X
IRS990/OwnWebsite0X
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Fundraising034431
IRS990/PayrollTaxes/ManagementAndGeneral032318
IRS990/PayrollTaxes/ProgramServices0139994
IRS990/PayrollTaxes/Total0206743
IRS990/PensionPlanContributions/Fundraising013211
IRS990/PensionPlanContributions/ManagementAndGeneral013390
IRS990/PensionPlanContributions/ProgramServices052433

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$218$13.4$204$46.4$34.2$12.2
2023Summary only. Only limited summary data is available for this year.$211$14.6$196$53.2$30.2$23.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$10.8$176$61.1$28.9$32.2
2021Summary only. Only limited summary data is available for this year.$151$6.89$144$30.5$22.8$7.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$5.41$136$28.9$28.4$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$5.04$136$31.0$26.6$4.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$135$3.12$132$34.6$22.7$11.9
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$1.90$120$29.6$21.9$7.71
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$2.07$112$30.4$19.4$10.9
2015Detailed filing. Detailed filing data is available for this year.$103$1.40$101$23.6$17.3$6.34
2014Detailed filing. Detailed filing data is available for this year.$96.6$1.25$95.3$18.7$16.9$1.86
2013Summary only. Only limited summary data is available for this year.$94.6$0.76$93.8$16.8$15.5$1.30
2012Summary only. Only limited summary data is available for this year.$94.8$1.76$93.0$10.6$11.6$0.94
2011Summary only. Only limited summary data is available for this year.$95.1$2.31$92.8$17.1$12.2$4.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.3$0.52$87.8$8.27