Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
30 people listed on the 990; $3.5M paid to officers and key staff.
Jacqueline Novogratz’s $393K as CEO & Director is at the 77th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jacqueline Novogratz | $393,218 | $373,288 | $356,530 | $319,600 | $355,766 |
| Carlyle Singer Jones | $352,317 | $334,865 | $325,418 | $272,988 | $303,345 |
| Amrita Bhandari | $293,177 | $257,830 | $255,799 | $222,600 | $225,889 |
| Lynn Roland | $284,047 | $250,065 | $244,540 | $207,305 | $224,053 |
| Yasmina Zaidman | $282,481 | $252,052 | $250,997 | — | — |
| William Charnock | — | $240,774 | $279,462 | $248,436 | $269,710 |
| Katherine Parker | $269,689 | — | — | — | — |
| Jacqueline Woo | $194,146 | $252,096 | $248,928 | $216,048 | $229,287 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Invests in social enterprises and trains leaders to deliver critical services like healthcare, clean energy, and education to people living in poverty worldwide.
Questions for Acumen Fund INC
Your first name shows with your question. Acumen Fund INC answers here, for everyone.
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Investing and Portfolio Management
Acumen fund, inc. (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…
Fellows and Leadership Programs
In 2020, acumen reorganized its fellows and leadership programs, bringing them under the umbrella of acumen academy. Launched in may, acumen academy combines our +acumen online courses and fellowship programs under one brand, platform, and WEBSITE.IN 2020, acumen expanded our fellows programs into four new regions: bangladesh, malaysia…
Impact and Communications
The 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.WHILE pivoting to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $45.3M | $48.5M |
| InvestmentsLn 11–13 | $64.6M | $76.5M |
| Land, buildings, equipmentLn 10c | $305K | $152K |
| Total assetsLn 16 | $140.9M | $141.5M |
| LiabilitiesLn 26 | $5.0M | $5.4M |
| Net assetsLn 32 | $135.9M | $136.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4.6M | $4.6M | ||
| Grants to domestic individualsLn 2 | $26K | $26K | ||
| Grants and assistance to foreign recipientsLn 3 | $3.0M | $3.0M | ||
| Pay of current officers, directors and key staffLn 5 | $3.0M | $2.5M | $247K | $245K |
| Pay of disqualified personsLn 6 | $233K | $233K | ||
| Other salaries and wagesLn 7 | $5.2M | $3.4M | $386K | $1.4M |
| Pension plan contributionsLn 8 | $237K | $169K | $18K | $50K |
| Other employee benefitsLn 9 | $572K | $407K | $46K | $119K |
| Payroll taxesLn 10 | $649K | $477K | $54K | $118K |
| Management feesLn 11a | $141K | $93K | $14K | $34K |
| Legal feesLn 11b | $147K | $83K | $64K | |
| Accounting feesLn 11c | $136K | $84K | $26K | $26K |
| Other fees for servicesLn 11g | $2.2M | $2.0M | $99K | $75K |
| Advertising and promotionLn 12 | $116K | $112K | $3K | $463 |
| Office expensesLn 13 | $199K | $130K | $30K | $39K |
| Information technologyLn 14 | $556K | $357K | $102K | $96K |
| OccupancyLn 16 | $678K | $480K | $50K | $148K |
| TravelLn 17 | $151K | $133K | $6K | $12K |
| Conferences, conventions and meetingsLn 19 | $36K | $26K | $4K | $6K |
| InterestLn 20 | $9K | $9K | ||
| Depreciation, depletion and amortizationLn 22 | $138K | $112K | $6K | $20K |
| InsuranceLn 23 | $75K | $51K | $6K | $17K |
| Other expenses (24a–d)Ln 24 | $6.2M | $5.9M | $318K | $13K |
| All other expensesLn 24e | $64K | $3K | $61K | $106 |
| Total functional expensesLn 25 | $28.4M | $24.4M | $1.5M | $2.4M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $46.4M | $34.2M | $12.2M | $204.1M | 990 PDF |
| FY2023 | $53.2M | $30.2M | $23.0M | $196.3M | 990 PDF |
| FY2022 | $61.1M | $28.9M | $32.2M | $176.4M | 990 PDF |
| FY2021 | $30.5M | $22.8M | $7.7M | $144.4M | 990 PDF |
| FY2020 Viewing | $28.9M | $28.4M | $469K | $136.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $28,858,136 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, no flags
Part VIII · Statement of revenue $28,858,136 across 9 lines filed
Part IX · Statement of functional expenses $28,389,297 across 24 lines filed
Part X · Balance sheet $141,486,235 assets, 18 lines filed
Part XI · Reconciliation of net assets $136,077,859 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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