ACUMEN FUND INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: ACUMEN FUND INC (EIN 13-4166228)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-16
IRS object ID: 202033219349317413
Schema version: 2019v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule I
Schedule J
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-16T15:30:17-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	271728945	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PKF O'CONNOR DAVIES LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	665 FIFTH AVENUE	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	134166228	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ACUMEN FUND INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ACUM	BusinessNameControlTxt
Phone	2125668821	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WORTH STREET NO 303	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JACQUELINE WOO	PersonNm
Person Title	CHIEF FINANCIAL OFFICER	PersonTitleTxt
Phone	6467473958	PhoneNum
Signature	2020-11-16	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GARRETT M HIGGINS	PreparerPersonNm
PTIN	P00543209	PTIN
Phone	2122862600	PhoneNum
Preparation	2020-11-12	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	108.35.147.74	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-16	IPDt
IP Tm	13:02:40	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	C5C0E2060BEB3F24671B5CC0358F632D6B4109AD	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JACQUELINE NOVOGRATZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WORTH STREET NO 303	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$33,090,301	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.ACUMEN.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2001	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	OUR MISSION IS TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS.OUR VISION IS THAT ONE DAY EVERY HUMAN BEING WILL HAVE ACCESS TO THE CRITICAL GOODS AND SERVICES THEY NEED - INCLUDING AFFORDABLE HEALTH CARE, CLEAN ENERGY, EDUCATION, WATER & SANITATION, HOUSING, ACCESS TO FINANCIAL SERVICES, AND AGRICULTURAL INPUTS - SO THEY HAVE THE CHOICE AND OPPORTUNITY TO TRANSFORM THEIR LIVES. THIS IS WHERE DIGNITY STARTS - NOT JUST FOR THE POOR BUT FOR EVERYONE ON EARTH.	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	13	VotingMembersIndependentCnt
Total Employee	78	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$35,753,189	PYContributionsGrantsAmt
CY Contributions Grants	$25,402,570	CYContributionsGrantsAmt
PY Program Service Revenue	$2,431,762	PYProgramServiceRevenueAmt
CY Program Service Revenue	$2,317,027	CYProgramServiceRevenueAmt
PY Investment Income	-$3,790,315	PYInvestmentIncomeAmt
CY Investment Income	$2,756,044	CYInvestmentIncomeAmt
PY Other Revenue	$226,997	PYOtherRevenueAmt
CY Other Revenue	$491,207	CYOtherRevenueAmt
PY Total Revenue	$34,621,633	PYTotalRevenueAmt
CY Total Revenue	$30,966,848	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,623,579	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,119,886	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$11,761,818	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$12,801,378	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$3,316,680	CYTotalFundraisingExpenseAmt
PY Other Expenses	$9,288,946	PYOtherExpensesAmt
CY Other Expenses	$10,648,613	CYOtherExpensesAmt
PY Total Expenses	$22,674,343	PYTotalExpensesAmt
CY Total Expenses	$26,569,877	CYTotalExpensesAmt
PY Revenues Less Expenses	$11,947,290	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,396,971	CYRevenuesLessExpensesAmt
Total Assets BOY	$134,799,533	TotalAssetsBOYAmt
Total Assets EOY	$140,919,171	TotalAssetsEOYAmt
Total Liabilities BOY	$3,117,746	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$5,039,812	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$131,681,787	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$135,879,359	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ACUMEN FUND IS WORKING TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS. [SEE CONTINUATION ON SCHEDULE O]WE INVEST PATIENT CAPITAL IN BUSINESSES THAT DELIVER CRITICAL, AFFORDABLE GOODS AND SERVICES TO THE POOR, IMPROVING THE LIVES OF MILLIONS IN SOUTH ASIA, EAST AND WEST AFRICA, LATIN AMERICA AND THE UNITED STATES. SINCE 2001, ACUMEN FUND HAS INVESTED $128 MILLION IN 128 SOCIAL ENTERPRISES WORKING IN HEALTH CARE, ENERGY, EDUCATION/WORKFORCE DEVELOPMENT, WATER & SANITATION, HOUSING, FINANCIAL SERVICES, AND AGRICULTURE. WE ALSO INVEST IN BUILDING A GLOBAL COMMUNITY OF EMERGING LEADERS WORKING TO CREATE A MORE JUST, INCLUSIVE AND SUSTAINABLE WORLD THROUGH OUR ACUMEN FELLOWS PROGRAM AND ONLINE SCHOOL FOR SOCIAL CHANGE, +ACUMEN.THROUGH THESE EFFORTS, WE ARE WORKING TO CREATE SUSTAINABLE SOLUTIONS TO POVERTY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	Yes (1)	SignificantChangeInd
Expense	$10,618,043	ExpenseAmt
Grant	$914,297	GrantAmt
Revenue	$769,843	RevenueAmt
Desc	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 11 NEW COMPANIES IN 2019, REACHING A CUMULATIVE $128 MILLION INVESTED IN 128 BUSINESSES SERVING THE POOR. [SEE CONTINUATION ON SCHEDULE O]IN THE FIRST QUARTER OF 2019, OUR TEAM CONDUCTED ANNUAL REVIEWS FOR ALL PORTFOLIO COMPANIES TO MEASURE ACTUAL PERFORMANCE AGAINST SOCIAL AND FINANCIAL IMPACT TARGETS AND DEVELOP DETAILED POST-INVESTMENT ENGAGEMENT PLANS OUTLINING THE SUPPORT REQUIRED BY ACUMEN TO HELP THE COMPANIES GROW. ACUMEN DIRECTLY SUPPORTED COMPANIES IN 2019 THROUGH OUR PARTICIPATION ON 71 COMPANY BOARDS, CONDUCTING 22 LEAN DATA IMPACT MEASUREMENT SURVEYS AND PROVIDING 14 NEW TECHNICAL ASSISTANCE GRANTS ALLOWING COMPANIES TO EXPERIMENT WITH HIGH-IMPACT PROJECTS AND PRODUCTS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$5,653,586	ExpenseAmt
Grant	$1,102,696	GrantAmt
Revenue	$736,807	RevenueAmt
Desc	FELLOWS AND LEADERSHIP PROGRAMS ACUMEN'S FELLOWSHIP PROGRAM IN COLOMBIA, EAST AND WEST 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. AS OF THE END OF Q4 2019, A CUMULATIVE 544 ACUMEN FELLOWS HAVE PARTICIPATED IN OUR PROGRAM WORLDWIDE. IN 2019, ACUMEN EMBARKED ON AN AMBITIOUS VISION TO SPREAD ITS ETHOS BY LAUNCHING NEW FELLOWSHIP PROGRAMS WITH REGIONAL PARTNERS. [SEE CONTINUATION ON SCHEDULE O]OUR FIRST REGIONAL PARTNERS INCLUDE VISIONARY INDIVIDUALS AND FOUNDATIONS IN BANGLADESH, MALAYSIA AND SPAIN, WHOSE INAUGURAL COHORTS OF SOCIAL CHANGE LEADERS WILL BEGIN THEIR FELLOWSHIP IN EARLY 2020. BY OPERATING AS SEPARATE ENTITIES FROM ACUMEN, REGIONAL PARTNERS ALLOW US TO EXPAND OUR COMMUNITY OF FELLOWS FASTER THAN THROUGH OUR EXISTING SELF-OPERATED MODEL. IN 2019, WE ALSO EXPERIMENTED WITH NEW MODELS OF ENGAGEMENT FOR OUR GROWING COMMUNITY OF SOCIAL INNOVATORS. WE ARE PARTICULARLY EXCITED ABOUT THE SUCCESS OF WHAT WE CALL "CHALLENGES" DESIGNED TO ACCELERATE THE PROGRESS OF ENTREPRENEURS FOCUSED ON SPECIFIC PROBLEMS. OUR FIRST CHALLENGE, IN PARTNERSHIP WITH UNILEVER, ADDRESSED PLASTIC POLLUTION IMPACTING LOW-INCOME COMMUNITIES. THE ACUMEN-UNILEVER SOCIAL INNOVATION CHALLENGE ON PLASTICS RECEIVED NEARLY 100 SUBMISSIONS AND THREE WINNING TEAMS RECEIVED $25,000 AS WELL AS MENTORSHIP FROM UNILEVER TO START OR TO SCALE THEIR PLASTIC WASTE MANAGEMENT BUSINESS IDEAS. THIS SUCCESS WAS QUICKLY FOLLOWED BY A SECOND, LARGER CHALLENGE: THE ROCKEFELLER FOUNDATION-ACUMEN STUDENT INNOVATION CHALLENGE. IN PARTNERSHIP WITH THE ROCKEFELLER FOUNDATION, THIS CHALLENGE ENGAGED A NEW GENERATION OF STUDENT INNOVATORS TO ADDRESS PROBLEMS OF POVERTY. THE CHALLENGE RECEIVED ENTRIES FROM MORE THAN 5,500 STUDENTS IN 138 COUNTRIES; WINNERS, WHO WILL BE SELECTED IN 2020, WILL RECEIVE UP TO $20,000 TO SUPPORT THEIR IDEAS.IN 2019, WE MADE THE STRATEGIC DECISION TO BRING OUR LEADERSHIP PROGRAMS AND ONLINE CONTENT TOGETHER UNDER ONE ROOF AND NEWLY BRANDED AS ACUMEN ACADEMY. LAUNCHING IN EARLY 2020, THIS 'UNIVERSITY REIMAGINED' WILL BRING MORE THAN 500 ACUMEN FELLOWS TOGETHER WITH NEARLY 500,000 +ACUMEN COURSE-TAKERS TO FORM A POWERFUL, UNITED COMMUNITY OF SOCIAL INNOVATORS. TO BRING ACUMEN ACADEMY TO LIFE, WE DEVELOPED A NEW DIGITAL PLATFORM IN 2019 TO HOUSE OUR ONLINE COURSES, MASTER CLASSES, FELLOWSHIP CONTENT AND INNOVATION CHALLENGES, MAKING THIS CONTENT AVAILABLE TO ANYONE, ANYWHERE - EVEN AT DIFFERENT LEVELS OF TECHNOLOGY ACCESS. BY BRINGING OUR MULTIPLE LEARNING AND LEADERSHIP COMMUNITIES TOGETHER ON A SINGLE PLATFORM, ACUMEN ACADEMY CREATES THE POSSIBILITY FOR LEADERS TO FIND ONE ANOTHER, COLLABORATE AND FORM COMMUNITIES OF PRACTICE AROUND SOCIAL ISSUES - AND FOR NEW LEADERS TO JOIN US. FOR ACUMEN, HAVING ONE CENTRALIZED PLATFORM WILL ALSO GIVE US THE DEPTH OF DATA WE NEED TO SUPPORT AND SERVE THIS COMMUNITY MEANINGFULLY AND DRIVE EXPONENTIAL GROWTH AND SOCIAL INFLUENCE FOR THE FUTURE.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$5,410,605	ExpenseAmt
Grant	$1,102,892	GrantAmt
Revenue	$810,377	RevenueAmt
Desc	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.[SEE CONTINUATION ON SCHEDULE O]ACUMEN PUBLISHED TWO REPORTS IN 2019. IN PARTNERSHIP WITH UNILEVER, ACUMEN RELEASED A LEAN DATA HOW-TO GUIDE: UNDERSTANDING GENDER IMPACT IN JUNE 2019 TO PROVIDE A SIMPLE, EASY-TO-USE, AND ACTIONABLE TOOLKIT TO HELP BUSINESSES, PROGRAM DESIGNERS, AND INVESTORS MEASURE THEIR IMPACT SPECIFICALLY ON WOMEN AND GIRLS.ACUMEN'S INDUSTRY REPORT WITH OPEN CAPITAL ADVISORS, LIGHTING THE WAY:ROADMAP TO EXITS IN OFF-GRID ENERGY, PUBLISHED IN OCTOBER 2019, EXPLORES THE CHALLENGES LIMITING EXITS IN THE SECTOR, VIABLE PATHWAYS TO EXIT AND HOW COMPANIES, INVESTORS AND OTHER STAKEHOLDERS CAN - AND MUST - FACILITATE MORE OF THEM.ACUMEN ALSO PUBLISHES THE PROGRESS OF ITS WORK IN OTHER WAYS, INCLUDING SHARING THE STORIES OF OUR INVESTEES AS WELL AS ENTERPRISES LED BY ACUMEN FELLOWS. IN 2019, ACUMEN RAN A CAMPAIGN CALLED POWER WHAT'S POSSIBLE TO SHOWCASE SIX ACUMEN PORTFOLIO COMPANIES AND FOUR ACUMEN FELLOWS TRANSFORMING LOW-INCOME COMMUNITIES AROUND THE WORLD. THE CAMPAIGN RAN ON SOCIAL MEDIA AND THROUGH WEEKLY EMAIL COMMUNICATIONS FROM GIVING TUESDAY THROUGH NEW YEAR'S DAY.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$21,682,234	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	Yes (1)	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	Yes (1)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	62	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	78	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	GH	ForeignCountryCd
Foreign Country	IN	ForeignCountryCd
Foreign Country	KE	ForeignCountryCd
Foreign Country	PK	ForeignCountryCd
Foreign Country	CO	ForeignCountryCd
Foreign Country	CA	ForeignCountryCd
Foreign Country	UK	ForeignCountryCd
Foreign Country	MP	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	13	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	GA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JACQUELINE WOO CHIEF FINANCIAL OFFICER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6467473958	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WORTH STREET NO 303	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
JACQUELINE NOVOGRATZ
CEO & DIRECTOR	38.00	2.00	Yes (X)	Yes (X)	$359,281	$0	$28,347
CARLYLE SINGER JONES
PRESIDENT	39.00	1.00		Yes (X)	$303,864	$0	$22,053
LYNN ROLAND
BOARD SECRETARY / GENERAL COUNSEL	29.50	10.50		Yes (X)	$223,512	$0	$33,682
JACQUELINE WOO
CHIEF FINANCIAL OFFICER	36.50	3.50		Yes (X)	$223,645	$0	$33,076
YASMINA ZAIDMAN
CHIEF STRATEGIC PARTNERSHIPS OFFICER	40.00				$229,100	$0	$7,245	Yes (X)
CATHERINE C NANDA
DIRECTOR, ACUMEN AMERICA	40.00				$191,628	$0	$30,669	Yes (X)
AMRITA BHANDARI
CHIEF OF BUSINESS DEVELOPMENT	40.00				$206,423	$0	$6,565	Yes (X)
ALBERTO GOMEZ OBREGON
DIRECTOR, PORTFOLIO	39.50	0.50			$184,643	$0	$22,507	Yes (X)
JOANNA MCQUADE
DIRECTOR, TALENT	40.00				$189,526	$0	$14,753	Yes (X)
WILLIAM CHARNOCK CHIEF
MARKETING OFFICER AS OF APRIL 2019	40.00				$183,875	$0	$17,011	Yes (X)
ELEANOR MURPHY HEAD OF
BUSINESS DEVELOPMENT, EAST COAST	39.50	0.50			$173,541	$0	$20,588		Yes (X)
JO-ANN TAN
DIRECTOR, LEADERSHIP	40.00				$173,506	$0	$5,577	Yes (X)
AMON ANDERSON
DIRECTOR, ACUMEN AMERICA	40.00				$163,050	$0	$13,893		Yes (X)
VIRGILIO BARCO
DIRECTOR, LATIN AMERICA	40.00				$148,031	$0	$22,182		Yes (X)
BATOOL HASSAN
DIRECTOR, LEADERSHIP	40.00				$154,627	$0	$5,011		Yes (X)
ALEXANDRA TRABULSI HEAD OF
BUSINESS DEVELOPMENT, WEST COAST	40.00				$150,000	$0	$3,747		Yes (X)
ALEXANDER DICHTER CHIEF
INNOVATION OFFICER THRU MARCH 2019	40.00				$105,769	$0	$9,505			Yes (X)
SHAIZA RIZAVI
BOARD CHAIR	1.00		Yes (X)	Yes (X)	$0	$0	$0
DAVID HELLER
BOARD CHAIR THRU APRIL 2019	1.00		Yes (X)	Yes (X)	$0	$0	$0
MARGO ALEXANDER
DIRECTOR	1.00		Yes (X)		$0	$0	$0
C HUNTER BOLL
DIRECTOR	1.00		Yes (X)		$0	$0	$0
KATHLEEN CHEW WAI LIN
DIRECTOR	1.00		Yes (X)		$0	$0	$0
ROBERT BOB COLLYMORE
DIRECTOR THRU JULY 2019	1.00		Yes (X)		$0	$0	$0
STUART DAVIDSON
DIRECTOR	1.00		Yes (X)		$0	$0	$0
JULIUS GAUDIO
DIRECTOR	1.00		Yes (X)		$0	$0	$0
NATE LAURELL
DIRECTOR	1.00		Yes (X)		$0	$0	$0
CRISTINA LJUNBERG
DIRECTOR	1.00		Yes (X)		$0	$0	$0
PAT MITCHELL
DIRECTOR	1.00		Yes (X)		$0	$0	$0
KIRSTEN NEVILL-MANNING
DIRECTOR	1.00		Yes (X)		$0	$0	$0
KAREN PATERSON
DIRECTOR	1.00		Yes (X)		$0	$0	$0
THULASIRAJ RAVILLA
DIRECTOR	1.00		Yes (X)		$0	$0	$0
ANDREA SOROS COLOMBEL
DIRECTOR	1.00		Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,364,021	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$296,411	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	25	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	CityContractorAddress/ForeignAddress/CityNm	Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm	CountryContractorAddress/ForeignAddress/CountryCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd
TAMER EL-RAGHY
68 ALBOSTAN COMPOUND	OCTOBER CITY	GIZA	EG	CONSULTANT FOR ARAF	$249,354
WALL STREET IT MANAGEMENT
				TECHNOLOGY	$236,745	111 W 33RD STREET	NEW YORK	NY	10001
ADP TOTAL SOURCE GROUP INC
				PEO SERVICE FEE	$160,180	10200 SUNSET DRIVE	MIAMI	FL	33173
THE BUSARA CENTER FOR BEHAVIORAL ECONOMI
DAYKIO PLAZA 5TH FL	NGONG LANE	NAIROBI	KE	BEHAVIORAL SCIENCE CONSULTING	$145,222
PKF O'CONNOR DAVIES LLP
				PROFESSIONAL SERVICES	$136,250	665 FIFTH AVE	NEW YORK	NY	10022

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt
Government Grants	$2,949,421	GovernmentGrantsAmt
All Other Contributions	$22,453,149	AllOtherContributionsAmt
Noncash Contributions	$567,116	NoncashContributionsAmt
Total Contributions	$25,402,570	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PROGRAMMATIC FEES	900099	$1,432,198	$1,432,198
LEAN DATA FEES	900099	$518,795	$518,795
PGM RELATED LOAN INCOME	900099	$316,034	$316,034
PORTFOLIO DILIGENCE FEE INCOME	900099	$50,000	$50,000

Field	Value	IRS element (for citing)
Total Program Service Revenue	$2,317,027	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$284,685	TotalRevenueColumnAmt
Exclusion	$284,685	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,512,281	SecuritiesAmt
Other	$3,082,531	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,123,453	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$611,172	SecuritiesAmt
Other	$3,082,531	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,471,359	TotalRevenueColumnAmt
Exclusion	$2,471,359	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt
DEVELOPMENT COST REIMBURSEMENT	900099	$450,000	$450,000
REIMBURSEMENT/OTHER	900099	$41,207	$41,207

Field	Value	IRS element (for citing)
Other Revenue Total	$491,207	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$30,966,848	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,317,027	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$3,247,251	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$2,676,813	TotalAmt
Program Services	$2,676,813	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$1,737	TotalAmt
Program Services	$1,737	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$441,336	TotalAmt
Program Services	$441,336	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,690,488	TotalAmt
Program Services	$1,918,192	ProgramServicesAmt
Management And General	$287,277	ManagementAndGeneralAmt
Fundraising	$485,019	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$417,804	TotalAmt
Program Services	$417,804	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$8,154,033	TotalAmt
Program Services	$5,787,272	ProgramServicesAmt
Management And General	$524,729	ManagementAndGeneralAmt
Fundraising	$1,842,032	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$321,394	TotalAmt
Program Services	$227,975	ProgramServicesAmt
Management And General	$26,180	ManagementAndGeneralAmt
Fundraising	$67,239	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$485,300	TotalAmt
Program Services	$329,900	ProgramServicesAmt
Management And General	$23,053	ManagementAndGeneralAmt
Fundraising	$132,347	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$732,359	TotalAmt
Program Services	$513,935	ProgramServicesAmt
Management And General	$60,749	ManagementAndGeneralAmt
Fundraising	$157,675	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$177,183	TotalAmt
Program Services	$118,596	ProgramServicesAmt
Management And General	$13,239	ManagementAndGeneralAmt
Fundraising	$45,348	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$331,694	TotalAmt
Program Services	$173,532	ProgramServicesAmt
Management And General	$153,134	ManagementAndGeneralAmt
Fundraising	$5,028	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$164,377	TotalAmt
Program Services	$106,507	ProgramServicesAmt
Management And General	$25,448	ManagementAndGeneralAmt
Fundraising	$32,422	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,252,495	TotalAmt
Program Services	$2,138,117	ProgramServicesAmt
Management And General	$90,204	ManagementAndGeneralAmt
Fundraising	$24,174	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$198,810	TotalAmt
Program Services	$176,322	ProgramServicesAmt
Management And General	$21,900	ManagementAndGeneralAmt
Fundraising	$588	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$245,292	TotalAmt
Program Services	$153,862	ProgramServicesAmt
Management And General	$36,964	ManagementAndGeneralAmt
Fundraising	$54,466	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,010,813	TotalAmt
Program Services	$806,795	ProgramServicesAmt
Management And General	$105,684	ManagementAndGeneralAmt
Fundraising	$98,334	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$876,364	TotalAmt
Program Services	$597,197	ProgramServicesAmt
Management And General	$87,324	ManagementAndGeneralAmt
Fundraising	$191,843	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$790,222	TotalAmt
Program Services	$645,442	ProgramServicesAmt
Management And General	$64,237	ManagementAndGeneralAmt
Fundraising	$80,543	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$259,634	TotalAmt
Program Services	$213,912	ProgramServicesAmt
Management And General	$23,630	ManagementAndGeneralAmt
Fundraising	$22,092	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$191,731	TotalAmt
Program Services	$141,467	ProgramServicesAmt
Management And General	$13,191	ManagementAndGeneralAmt
Fundraising	$37,073	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$77,777	TotalAmt
Program Services	$50,112	ProgramServicesAmt
Management And General	$8,868	ManagementAndGeneralAmt
Fundraising	$18,797	FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PROV FOR PORTFOLIO LOSS	$3,965,162	$3,965,162
CORPORATE TAXES/OTHER	$89,324	$66,084	$2,333	$20,907
OTHER DIRECT OPERATING	$17,735	$14,163	$2,819	$753

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$26,569,877	TotalAmt
Program Services	$21,682,234	ProgramServicesAmt
Management And General	$1,570,963	ManagementAndGeneralAmt
Fundraising	$3,316,680	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$404,673	BOYAmt
EOY	$487,896	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$44,833,592	BOYAmt
EOY	$44,765,207	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$28,758,865	BOYAmt
EOY	$24,288,449	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,797,371	BOYAmt
EOY	$1,841,125	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$3,413,075	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$292,461	BOYAmt
EOY	$378,654	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,136,005	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,830,824	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$294,664	BOYAmt
EOY	$305,181	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$500,959	BOYAmt
EOY	$500,959	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$57,189,634	BOYAmt
EOY	$64,055,890	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$727,314	BOYAmt
EOY	$882,735	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$134,799,533	BOYAmt
EOY	$140,919,171	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,117,746	BOYAmt
EOY	$2,847,209	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$804,470	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$1,388,133	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,117,746	BOYAmt
EOY	$5,039,812	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$80,406,347	BOYAmt
EOY	$86,591,977	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$51,275,440	BOYAmt
EOY	$49,287,382	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$131,681,787	BOYAmt
EOY	$135,879,359	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$134,799,533	BOYAmt
EOY	$140,919,171	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$4,396,971	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$199,399	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,558,173	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$29,176,704	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$27,693,548	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$35,753,189	CurrentTaxYearMinus1YearAmt
Current Tax Year	$25,402,570	CurrentTaxYearAmt
Total	$140,584,184	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,558,173	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$29,176,704	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$27,693,548	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$35,753,189	CurrentTaxYearMinus1YearAmt
Current Tax Year	$25,402,570	CurrentTaxYearAmt
Total	$140,584,184	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$39,083,280	SubstantialContributorsTotAmt
Public Support Total170	$101,500,904	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$60,003	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$96,765	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$73,572	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$78,195	CurrentTaxYearMinus1YearAmt
Current Tax Year	$284,685	CurrentTaxYearAmt
Total	$593,220	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$60,770	CurrentTaxYearMinus1YearAmt
Total	$60,770	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,151	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$554,566	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$162,649	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$272,711	CurrentTaxYearMinus1YearAmt
Current Tax Year	$491,207	CurrentTaxYearAmt
Total	$1,483,284	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$142,721,458	TotalSupportAmt
Gross Receipts Rltd Activities	$8,367,830	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.71120	PublicSupportCY170Pct
Public Support PY170	0.80560	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER FEES/INCOME - 2015 AMOUNT: $ 6. 2016 AMOUNT: $ 24,568. 2017 AMOUNT: $ 2,596. 2018 AMOUNT: $ 2,407. SPEAKER FEE - 2015 AMOUNT: $ 2,145. REIMBURSEMENT/OTHER - 2016 AMOUNT: $ 529,998. 2017 AMOUNT: $ 10,053. 2018 AMOUNT: $ 65,133. 2019 AMOUNT: $ 41,207. EARLY TERMINATION FEE - 2017 AMOUNT: $ 150,000. 2018 AMOUNT: $ 205,171. DEVELOPMENT COST REIMBURSEMENT - 2019 AMOUNT: $ 450,000.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$364,765	OtherCostOrOtherBasisAmt
Depreciation	$324,490	DepreciationAmt
Book Value	$40,275	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,029,650	OtherCostOrOtherBasisAmt
Depreciation	$901,239	DepreciationAmt
Book Value	$128,411	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$741,590	OtherCostOrOtherBasisAmt
Depreciation	$605,095	DepreciationAmt
Book Value	$136,495	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$305,181	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (10 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PROGRAM RELATED EQUITY INVESTMENTS - NORTH AMERICA	$21,509,425	C
PROGRAM RELATED EQUITY INVESTMENTS - SUB-SAHARAN AFRICA	$13,958,557	C
PROGRAM RELATED EQUITY INVESTMENTS - S.ASIA	$14,184,579	C
PROGRAM RELATED EQUITY INVESTMENTS - LATIN AMERICA	$3,805,003	C
PROGRAM RELATED EQUITY INVESTMENTS - EUROPE	$1,668,528	C
PROGRAM RELATED DEBT INVESTMENTS - CENTRAL AMERICA AND THE CARRIBEAN	$275,000	C
PROGRAM RELATED DEBT INVESTMENTS - NORTH AMERICA	$5,119,563	C
PROGRAM RELATED DEBT INVESTMENTS - SUB-SAHARAN AFRICA	$1,609,736	C
PROGRAM RELATED DEBT INVESTMENTS - S.ASIA	$1,285,089	C
PROGRAM RELATED DEBT INVESTMENTS - LATIN AMERICA	$640,410	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$64,055,890	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	RETURNABLE GRANT CAPITAL	Desc
Amt	$1,388,133	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,388,133	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$33,424,194	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$2,764,836	DonatedServicesAndUseFcltsAmt
Other Revenue	$33,212	OtherRevenueAmt
Revenue Not Reported	$2,798,048	RevenueNotReportedAmt
Revenue Subtotal	$30,626,146	RevenueSubtotalAmt
Other Revenues Not Included	$340,702	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$340,702	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$30,966,848	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$28,795,303	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$2,764,836	DonatedServicesUseFcltsAmt
Other Expenses Included	$3,425,752	OtherExpensesIncludedAmt
Expenses Not Reported	$6,190,588	ExpensesNotReportedAmt
Expenses Subtotal	$22,604,715	ExpensesSubtotalAmt
Other Expenses Not Included	$3,965,162	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$3,965,162	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$26,569,877	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	ACUMEN RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE THAN LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT ACUMEN HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. ACUMEN IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2016.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 246,965. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND INDIA 596,968. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND INDIA TRUST 968,502. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND PAKISTAN 157,300. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN CAPITAL MARKETS I LP 262. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN FUND CANADA 204,812. RELATED PARTY REVENUE INCLUDED PER AUDIT-ACUMEN CAPITAL PARTNERS LLC 1,937,700. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -114,135. PROVISION FOR PORTFOLIO LOSSES RECLASSIFICATION -3,965,162.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	LOSS ON DISPOSAL OF FIXED ASSETS 5,138. UNREALIZED INVESTMENT LOSS ALLOCATION 335,564.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND INDIA 830,294. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND INDIA TRUST 244,555. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN FUND PAKISTAN 502,561. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN CAPITAL MARKETS I LP 890,062. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN CANADA 1,247. RELATED PARTY EXPENSES INCLUDED PER AUDIT - ACUMEN CAPITAL PARTNERS LLC 1,586,928. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -629,895.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	PROVISION FOR PORTFOLIO LOSSES RECLASSIFICATION 3,965,162.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (16 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
SOUTH ASIA	2	40	PROGRAM SERVICE	PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM	$628,197
SUB-SAHARAN AFRICA	2	109	PROGRAM SERVICE	PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM	$2,001,680
SOUTH AMERICA	1	34	PROGRAM SERVICE	PORTFOLIO MANAGEMENT AND LEADERSHIP PROGRAM	$1,088,335
EUROPE	1	24	PROGRAM SERVICES	LEADERSHIP PROGRAM AND FUNDRAISING	$1,565,813
NORTH AMERICA	0	2	PROGRAM SERVICE	LEADERSHIP PROGRAM	$121,999
SOUTH ASIA	0	0	PROGRAM RELATED INVESTMENTS		$15,469,669
SUB-SAHARAN AFRICA	0	0	PROGRAM RELATED INVESTMENTS		$15,568,293
SOUTH AMERICA	0	0	PROGRAM RELATED INVESTMENTS		$4,445,414
EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	PROGRAM RELATED INVESTMENTS		$1,668,528
NORTH AMERICA	0	0	PROGRAM RELATED INVESTMENTS		$405,401
CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM RELATED INVESTMENTS		$275,000
SOUTH ASIA	0	0	GRANT MAKING		$30,000
SUB-SAHARAN AFRICA	0	0	GRANT MAKING		$321,245
SOUTH AMERICA	0	0	GRANT MAKING		$56,104
EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	GRANT MAKING		$8,987
NORTH AMERICA	0	0	GRANT MAKING		$25,000

Field	Value	IRS element (for citing)
Subtotal Offices	6	SubtotalOfficesCnt
Subtotal Employees	209	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	6	TotalOfficeCnt
Total Employee	209	TotalEmployeeCnt
Subtotal Spent	$40,889,400	SubtotalSpentAmt
Continuation Spent	$2,790,265	ContinuationSpentAmt
Total Spent	$43,679,665	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (12 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
SUB-SAHARAN AFRICA	IMPACT ASSESSMENTS	$264,261	WIRE TRANSFER
LATIN AMERICA	TECHNICAL ASSISTANCE	$6,547	WIRE TRANSFER
SOUTH ASIA	ENGAGING A CONSULTANT TO EXPLORE IMPACT AND BUSINESS OPPORTUNITY	$20,000	WIRE TRANSFER
LATIN AMERICA	BRAND STRATEGY AND IMPLEMENTATION OF A SUCCESSFUL GO TO MARKET PLAN FOR ENTRY INTO INTERNATIONAL MARKETS	$10,000	WIRE TRANSFER
SUB-SAHARAN AFRICA	TEST NEW PRODUCT AND BEGIN NEW COUNTRY OPERATIONS	$11,000	WIRE TRANSFER
NORTH AMERICA	TO ADVANCE THE ACHIEVEMENT OF CHANGING SOCIAL AND ENVIRONMENTAL IMPACT OF PLASTIC WASTE	$25,000	WIRE TRANSFER
SUB-SAHARAN AFRICA	ENGAGE AN ADVISOR TO PROVIDE LEGAL AND TAX ADVISORY SERVICES FOR ESTABLISHING A PAN AFRICAN HOLDING COMPANY	$25,000	WIRE TRANSFER
SOUTH ASIA	DESIGN AND PILOT MINI MILK CHILLERS AND REFRIGERATED TRUCKS FOR VILLAGE COLLECTION CENTERS	$10,000	WIRE TRANSFER
SUB-SAHARAN AFRICA	SUPPORT TOWARDS MAKING RESIDENTIAL RECYCLING MORE ACCESSIBLE, INCLUSIVE AND REWARDING	$15,000	WIRE TRANSFER
EUROPE	FINANCE THE CREATION OF CUSTOMER SURVEYING TOOLS AND PRACTICES	$8,000	WIRE TRANSFER
LATIN AMERICA	ENGAGE A STRATEGY CONSULTANT	$10,000	WIRE TRANSFER
LATIN AMERICA	SUPPORT TO INCREASE OPPORTUNITIES FOR SOCIOECONOMIC DEVELOPMENT THROUGH SUSTAINABLE ATTITUDES	$25,000	WIRE TRANSFER

Field	Value	IRS element (for citing)
Total501c3 Org	0	Total501c3OrgCnt
Total Other Org	12	TotalOtherOrgCnt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	THE ORGANIZATION MAKES LARGE GRANTS TO ITS RELATED ENTITIES TO FUND THEIR OPERATIONS, THE ACTIVITIES OF WHICH ARE MONITORED BY THE ORGANIZATION. ACUMEN MONITORS THE ACTIVITY OF ITS RELATED ENTITIES BY ANALYZING EXPENDITURES AND COMPARING ACTUAL PERFORMANCE TO BUDGETED AMOUNTS, AND BY MAINTAINING DIRECT OVERSIGHT OF THE ACTIVITIES CONDUCTED AND EXPENDITURES INCURRED. OUR AFFILIATES IN PAKISTAN AND INDIA HAVE INDEPENDENT AUDITS. IN ADDITION TO THE AUDIT, OUR CENTRAL OFFICE FINANCE DEPT IN NEW YORK HAS OVERSIGHT OF THE COUNTRY OFFICES' SPENDING. INVESTMENTS IN THIRD PARTIES ARE PRIMARILY DEBT OR EQUITY INVESTMENTS. RELATIVELY LITTLE IS AN OUTRIGHT GRANT FOR USE BY THE THIRD PARTY. FOR ANY PROGRAM-RELATED INVESTMENTS, THE ORGANIZATION REQUIRES REGULAR SOCIAL IMPACT, FINANCIAL AND OPERATIONAL REPORTING, TYPICALLY MAINTAINS A BOARD SEAT ON THE INVESTEE COMPANY AND CONDUCTS AT LEAST ANNUAL REVIEWS OF THE PROGRESS OF THE PROGRAM. FOR ANY GRANTS TO THIRD PARTIES, A GRANT AGREEMENT IS DRAFTED OUTLINING THE SPECIFIC PURPOSE OF THE GRANT, TERMS AND CONDITIONS FOR THE USE OF GRANT MONEY. GRANT FUNDS ARE DISBURSED ONLY AFTER THE GRANTEES SIGN THE GRANT AGREEMENT. DEPENDING UPON THE AMOUNT AND TERM OF GRANT, THE GRANTEES ARE REQUIRED TO MAINTAIN DETAILED RECORDS OF THE USE OF THE GRANT AND PROVIDE PERIODIC REPORTS TO ACUMEN. THE PROGRAM STAFF WILL REVIEW THE GRANTEE REPORTS TO ENSURE COMPLIANCE. ACUMEN PROGRAM STAFF DILIGENTLY SCREENS THE PROSPECTIVE GRANTEES' TRACK RECORD AND REPUTATION BEFORE AWARDING ANY GRANT, AND WHERE A NEW FUNDING RELATIONSHIP EXISTS, SCREENS GRANT RECIPIENTS AGAINST WATCH LISTS SUCH AS SANCTIONS, SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS, ANTI-CORRUPTION AND ANTI-MONEY LAUNDERING LISTS. THROUGHOUT THE GRANT TERM, THE PROGRAM STAFF INTERACTS WITH THE GRANTEE ORGANIZATION TO UNDERSTAND THE PROGRESS THE ORGANIZATION IS MAKING BY USE OF THE GRANT FUNDS. THEY ALSO REVIEW PERIODIC REPORTS SUBMITTED BY THE GRANTEE TO ENSURE PROPER UTILIZATION OF GRANT FUNDS BY THE GRANTEE. GRANT AGREEMENTS OFTEN REQUIRE THE RIGHT TO INSPECT AND AUDIT THE RECORDS OF THE GRANTEE REGARDING PROPER USE OF FUNDS. THE GRANT AGREEMENT SIGNED BY THE GRANTEE TYPICALLY STATES THAT ALL OR ANY PORTION OF GRANT FUNDS USED IN A MANNER OR PURPOSE OTHER THAN THOSE DESCRIBED IN THE GRANT AGREEMENT MUST BE RETURNED TO ACUMEN.
PART I, LINE 3:	PROGRAM-RELATED INVESTMENTS: THE ORGANIZATION HAS A COMPLEX FINANCIAL STRUCTURE THAT IS NOT EASILY SHOWN IN THE FORM 990. TO BETTER UNDERSTAND THE INFORMATION BEING PROVIDED, THE READER SHOULD APPROACH THE FINANCIAL STATEMENTS WITH TWO KEY PIECES OF INFORMATION IN MIND. FIRST, ACUMEN IS LIKE A TRADITIONAL NON-PROFIT IN THAT IT RECEIVES CONTRIBUTION REVENUE AND HAS ONGOING OPERATING EXPENSES FOR BOTH PROGRAM WORK AND ADMINISTRATIVE COSTS EACH YEAR. SECONDLY, AND UNLIKE ALMOST ALL OTHER CHARITIES, ACUMEN INVESTS A SUBSTANTIAL PORTION OF ITS ASSETS IN ENTREPRENEURIAL ORGANIZATIONS OPERATING DOMESTICALLY OR IN DEVELOPING COUNTRIES. THESE INVESTMENTS WOULD INCLUDE SUPPORTING CONTRIBUTIONS TO RELATED ENTITIES AND PROGRAM-RELATED INVESTMENTS TO THIRD PARTIES AS PART OF ACUMEN'S CHARITABLE WORK. IN SUM THESE ACTIVITIES ARE SHOWN IN PARTS I AND II OF SCHEDULE F. THEY ARE ALSO INCLUDED ON FORM 990 PART X LINE 13, WHICH SHOWS THE ORGANIZATION'S TOTAL CUMULATIVE OUTSTANDING BALANCE OF PROGRAM-RELATED INVESTMENTS. ACUMEN PUTS ITS RESOURCES INTO THESE INVESTEE ORGANIZATIONS AS PROGRAMMATIC INVESTMENTS AND ATTEMPTS TO NURTURE THEM UNTIL THEY THRIVE (OR FAIL), PROVIDING MULTIPLE BENEFITS TO CUSTOMERS SERVED - TYPICALLY THE POOREST POPULATIONS WHO LIVE ON LESS THAN A FEW DOLLARS PER DAY. THE ACCOUNTING METHOD USED TO ACCOUNT FOR EXPENDITURES IS THE ACCRUAL METHOD.
PART III ACCOUNTING METHOD:
SCHEDULE F, PART IV, LINE 1, 3 AND LINE 5	THE ORGANIZATION IS REQUIRED TO FILE FORMS 926, 5471, AND FORM 8865.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (15 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt	IRC SectionIRCSectionDesc
60 DECIBELS INC
205 EAST 42 STREET FL 20	NEW YORK	NY	10017	832847769	$838,153	STRENGTHENING IMPACT INVESTING MARKETS FOR AGRICULTURE (SIIMA) AND AFRICA POULTRY MULTIPLICATION INITIATIVE (APMI)
AZAHAR COFFEE COMPANY LLC
325 E 77TH STREET APT 6G	NEW YORK	NY	10075	453537132	$40,000	SUPPORT DEVELOPMENT OF A GUIDE TO DRIVE INCREASED INCOME FOR SMALLHOLDER COFFEE FARMERS
AZIMUTH GROUP CORP
1 GRAND ARMY PLAZA APT 14B	BROOKLYN	NY	11238	812651720	$18,230	INCREASE EFFECTIVENESS OF SALES TEAM, PROCESSES AND TRAINING METHODS
BIOLITE INC
65 JAY STREET	BROOKLYN	NY	11201	272826296	$20,000	DEVELOP, FIELD TEST AND MANUFACTURE A COMPREHENSIVE SOLAR-ENABLED HOME ENERGY SYSTEM
IDINSIGHT
576 SACRAMENTO STREET 1ST FLOOR	SAN FRANCISCO	CA	94111	274933181	$472,274	ETHIOCHICKEN IMPACT EVALUATIONS/AFRICA POULTRY MULTIPLICATION INITIATIVE	501(C)(3)
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVE NE49-31	CAMBRIDGE	MA	02139	042103594	$95,000	SUPPORT NEXT GENERATION OF SOCIAL INNOVATORS THROUGH BIG IDEAS	501(C)(3)
REGENTS OF THE UNIVERSITY OF CALIFORNIA
1156 HIGH ST	SANTA CRUZ	CA	95064	941539563	$700,000	SUPPORT NEXT GENERATION OF SOCIAL INNOVATORS THROUGH BIG IDEAS	501(C)(3)
REGENTS OF THE UNIVERSITY OF MICHIGAN
500 S STATE STREET	ANN ARBOR	MI	48109	386006309	$40,000	SUPPORT NEXT GENERATION OF SOCIAL INNOVATORS THROUGH BIG IDEAS	501(C)(3)
SANERGY INC
PO BOX 550288	ATLANTA	GA	30355	274528974	$20,000	DEVELOP A MARKETING STRATEGY TO SUPPORT THE EFFORTS OF RESELLERS
SHIMMY TECHNOLOGIES GROUP INC
19 MORRIS AVE	BROOKLYN	NY	11205	364863487	$50,000	SUPPORT RESOURCING EXPENSES TO INCREASE BUSINESS DEVELOPMENT AND SALES LEADS
SIMUSOLAR INC
548 MARKET STREET UNIT 76691	SAN FRANCISCO	CA	94104	472154274	$27,500	IMPLEMENT LOAN MANAGEMENT TOOL AND FINANCE DEVELOPMENT COSTS OF 2ND GENERATION FISHING LIGHTS
TANAGER
50 F STREET NW NO 1000	WASHINGTON	DC	20001	521826242	$135,767	SUPPORT POULTRY COMPANIES IMPROVE HOUSEHOLD NUTRITION AND EMPOWER WOMEN THROUGH THEIR BUSINESS MODELS	501(C)(3)
THE RESOLUTION PROJECT
420 LEXINGTON AVENUE 1626	NEW YORK	NY	10170	264394051	$30,000	SUPPORT NEXT GENERATION OF SOCIAL INNOVATORS THROUGH BIG IDEAS	501(C)(3)
UPCHIEVE INC
150 COURT ST FLOOR 2	BROOKLYN	NY	11201	824456163	$50,000	FINANCE OPERATING EXPENSES TO SUPPORT MISSION	501(C)(3)
UNIVERSITY OF SAN DIEGO
5998 ALCALA PARK	SAN DIEGO	CA	92110	952544535	$125,000	SUPPORT NEXT GENERATION OF SOCIAL INNOVATORS THROUGH BIG IDEAS	501(C)(3)

Field	Value	IRS element (for citing)
Total501c3 Org	8	Total501c3OrgCnt
Total Other Org	7	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	IN ALL CASES, THE ORGANIZATION HAS A THOROUGH UNDERSTANDING OF THE WORK BEING UNDERTAKEN AND A FAMILIARITY WITH THE GRANTEE UNDERTAKING THE WORK. FOLLOW UP MONITORING IS PERFORMED BY VERBAL CHECK-INS, PERIODIC PROGRESS REPORTS AND FINAL WRITTEN GRANT PERFORMANCE REPORTS AT THE CONCLUSION OF THE GRANT PERIOD.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JACQUELINE NOVOGRATZ
CEO & DIRECTOR	$320,281	$0	$39,000	$0	$0	$0	$10,920	$0	$17,427	$0	$387,628	$0	$0	$0
CARLYLE SINGER JONES
PRESIDENT	$270,864	$0	$33,000	$0	$0	$0	$9,240	$0	$12,813	$0	$325,917	$0	$0	$0
LYNN ROLAND
BOARD SECRETARY / GENERAL COUNSEL	$196,512	$0	$27,000	$0	$0	$0	$6,948	$0	$26,734	$0	$257,194	$0	$0	$0
JACQUELINE WOO
CHIEF FINANCIAL OFFICER	$201,095	$0	$22,550	$0	$0	$0	$6,977	$0	$26,099	$0	$256,721	$0	$0	$0
YASMINA ZAIDMAN
CHIEF STRATEGIC PARTNERSHIPS OFFICER	$204,600	$0	$24,500	$0	$0	$0	$6,873	$0	$372	$0	$236,345	$0	$0	$0
CATHERINE C NANDA
DIRECTOR, ACUMEN AMERICA	$173,909	$0	$17,719	$0	$0	$0	$5,932	$0	$24,737	$0	$222,297	$0	$0	$0
AMRITA BHANDARI
CHIEF OF BUSINESS DEVELOPMENT	$180,030	$0	$26,393	$0	$0	$0	$6,193	$0	$372	$0	$212,988	$0	$0	$0
ALBERTO GOMEZ OBREGON
DIRECTOR, PORTFOLIO	$169,088	$0	$15,555	$0	$0	$0	$5,687	$0	$16,820	$0	$207,150	$0	$0	$0
JOANNA MCQUADE
DIRECTOR, TALENT	$173,588	$0	$15,938	$0	$0	$0	$5,740	$0	$9,013	$0	$204,279	$0	$0	$0
WILLIAM CHARNOCK CHIEF
MARKETING OFFICER AS OF APRIL 2019	$183,875	$0	$0	$0	$0	$0	$3,750	$0	$13,261	$0	$200,886	$0	$0	$0
ELEANOR MURPHY HEAD OF
BUSINESS DEVELOPMENT, EAST COAST	$145,619	$0	$15,422	$0	$12,500	$0	$5,338	$0	$15,250	$0	$194,129	$0	$0	$0
JO-ANN TAN
DIRECTOR, LEADERSHIP	$155,000	$0	$18,506	$0	$0	$0	$5,205	$0	$372	$0	$179,083	$0	$0	$0
AMON ANDERSON
DIRECTOR, ACUMEN AMERICA	$147,825	$0	$15,225	$0	$0	$0	$4,957	$0	$8,936	$0	$176,943	$0	$0	$0
VIRGILIO BARCO
DIRECTOR, LATIN AMERICA	$128,953	$0	$19,078	$0	$0	$0	$4,588	$0	$17,594	$0	$170,213	$0	$0	$0
BATOOL HASSAN
DIRECTOR, LEADERSHIP	$142,000	$0	$12,627	$0	$0	$0	$4,639	$0	$372	$0	$159,638	$0	$0	$0
ALEXANDRA TRABULSI HEAD OF
BUSINESS DEVELOPMENT, WEST COAST	$150,000	$0	$0	$0	$0	$0	$3,375	$0	$372	$0	$153,747	$0	$0	$0
ALEXANDER DICHTER CHIEF
INNOVATION OFFICER THRU MARCH 2019	$70,489	$0	$35,280	$0	$0	$0	$3,231	$0	$6,274	$0	$115,274	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 7	FormAndLineReferenceDesc
Explanation	ACUMEN OFFERS A DISCRETIONARY PERFORMANCE-BASED BONUS FOR ITS EMPLOYEES WITH GUIDELINES SET BY THE MANAGEMENT COMMITTEE AND AGREED BY THE BOARD. BONUSES ARE REFLECTIVE OF ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE WHICH PROVIDES COLLECTIVE ACCOUNTABILITY (INCREASING BY LEVEL), FOSTERS INCREASED COLLABORATION AND PROBLEM-SOLVING. THE ORGANIZATIONAL COMPONENT OF THE BONUS IS RECOMMENDED BY THE MANAGEMENT COMMITTEE TO THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF ANNUAL GOALS (WHICH ARE DETERMINED AT THE END OF THE PRIOR YEAR AND APPROVED BY THE BOARD), THEN REVIEWED BY THE COMPENSATION COMMITTEE AND ULTIMATELY APPROVED BY THE BOARD. EACH INDIVIDUAL'S SUPERVISOR DETERMINES THE INDIVIDUAL RATING BASED ON PERFORMANCE AGAINST INDIVIDUAL GOALS, AND THE DIRECTOR OF TALENT AND RESPECTIVE MANAGEMENT COMMITTEE MEMBER APPROVES THE RATINGS. BONUSES WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
60 DECIBELS
PART V	PART V	Yes (X)	$2,750,000	$2,750,000	0	Yes (1)	Yes (1)
60 DECIBELS
PART V	PART V	Yes (X)	$662,500	$662,500	0	Yes (1)	Yes (1)
JO-ANN TAN
PART V	PART V	Yes (X)	$575	$575	0	0	0

Field	Value	IRS element (for citing)
Total Balance Due	$3,413,075	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
60 DECIBELS
SEE PART V	$681,202	SEE PART V	SEE PART V
60 DECIBELS
SEE PART V	$156,951	SEE PART V

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	60 DECIBELS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	SEE PART V	RelationshipDescriptionTxt
Transaction	$255,000	TransactionAmt
Transaction	SEE PART V	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, SCHEDULE L, PART II	NAME OF INTERESTED PERSON: 60 DECIBELSRELATIONSHIP WITH ORGANIZATION: ENTITY > 35% OWNED BY ALEXANDER DICHTER, FORMER CHIEF INNOVATION OFFICER THROUGH MARCH 2019PURPOSE OF LOAN: CONVERTIBLE NOTE RECEIVABLE IN EXCHANGE FOR SALE OF THE ORGANIZATION'S LEAN DATA SOCIAL IMPACT MEASUREMENT PROGRAM TO A NEW COMPANY, IN ORDER TO MAKE A CONTRIBUTION TO THE WIDER SECTOR.BALANCE DUE: $2,750,000NAME OF INTERESTED PERSON: 60 DECIBELSRELATIONSHIP WITH ORGANIZATION: ENTITY > 35% OWNED BY ALEXANDER DICHTER, FORMER CHIEF INNOVATION OFFICER THROUGH MARCH 2019PURPOSE OF LOAN: CONVERTIBLE NOTE RECEIVABLE IN EXCHANGE FOR ADDITIONAL FUNDING PROVIDED TO COMPANYBALANCE DUE: $662,500NAME OF INTERESTED PERSON: JO-ANN TANRELATIONSHIP WITH ORGANIZATION: KEY EMPLOYEE OF ACUMEN FUNDPURPOSE OF LOAN: CASH ADVANCE TO COORDINATE AN EVENT OF THE ORGANIZATIONBALANCE DUE: $575
FORM 990, SCHEDULE L, PART III:	NAME OF INTERESTED PERSON: 60 DECIBELSRELATIONSHIP BETWEEN THE INTERESTED PERSON AND ORGANIZATION: ENTITY > 35% OWNED BY ALEXANDER DICHTER, FORMER CHIEF INNOVATION OFFICER THROUGH MARCH 2019TYPE: SUBAWARDPURPOSE OF ASSISTANCE: STRENGTHENING IMPACT INVESTING MARKETS FOR AGRICULTURE (SIIMA) SUBAWARD FROM UK DEPARTMENT FOR INTERNATIONAL DEVELOPMENT AMOUNT OF TRANSACTION: $681,202NAME OF INTERESTED PERSON: 60 DECIBELSRELATIONSHIP BETWEEN THE INTERESTED PERSON AND ORGANIZATION: ENTITY > 35% OWNED BY ALEXANDER DICHTER, FORMER CHIEF INNOVATION OFFICER THROUGH MARCH 2019TYPE: SUBAWARDPURPOSE OF ASSISTANCE: AFRICA POULTRY MULTIPLICATION INITIATIVE SUBAWARD FROM BILL & MELINDA GATES FOUNDATIONAMOUNT OF TRANSACTION: $156,951
FORM 990, SCHEDULE L, PART IV:	NAME OF INTERESTED PERSON: 60 DECIBELSRELATIONSHIP BETWEEN THE INTERESTED PERSON AND ORGANIZATION: ENTITY > 35% OWNED BY ALEXANDER DICHTER, FORMER CHIEF INNOVATION OFFICER THROUGH MARCH 2019DESCRIPTION OF TRANSACTION: PAYMENT IN EXCHANGE FOR SOCIAL IMPACT MEASUREMENT SERVICESAMOUNT OF TRANSACTION: $255,000

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	12	ContributionCnt
Noncash Contributions Rpt F990	$567,116	NoncashContributionsRptF990Amt
Method Of Determining Revenues	AVG SELLING PRICE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, COLUMN (B):	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 3	LEAN DATA, OUR APPROACH TO SOCIAL IMPACT MEASUREMENT, WAS CREATED IN 2014 BY ACUMEN, A NOT FOR PROFIT PATIENT CAPITAL INVESTOR. ACUMEN SOUGHT TO BUILD A WAY TO MEASURE IMPACT THAT BOTH MET ITS NEEDS AS AN INVESTOR AND CREATED SIGNIFICANT VALUE FOR ITS INVESTEES. AFTER LOTS OF EXPERIMENTATION, MUCH OF IT FOCUSED ON FINDING THE BEST WAYS TO MEASURE IMPACT USING MOBILE PHONES, BY 2015, ACUMEN HAD CROSS-PORTFOLIO, COMPARABLE IMPACT DATA THAT WENT BEYOND BASIC MEASURES SUCH AS "LIVES IMPACTED." AS IMPORTANT, ACUMEN'S INVESTEES FOUND THAT LEAN DATA HELPED THEM UNDERSTAND AND BETTER SERVE THEIR CUSTOMERS. IN EARLY 2019, RECOGNIZING THE POTENTIAL TO MAKE A POSITIVE CONTRIBUTION TO THE WIDER SECTOR BY SCALING THIS NEW APPROACH TO MEASURING IMPACT, ACUMEN CARVED OUT LEAN DATA TO CREATE A NEW COMPANY, 60 DECIBELS, FOUNDED BY THE TEAM THAT BUILT LEAN DATA AT ACUMEN.
FORM 990, PART VI, SECTION A, LINE 3	THE ORGANIZATION UTILIZES ADP TOTALSOURCE, A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO"). AS A PROFESSIONAL EMPLOYER ORGANIZATION, TOTALSOURCE PROVIDES PROFESSIONAL EMPLOYER SERVICES TO ACUMEN FUND, INC. (ACUMEN). IN THE PEO RELATIONSHIP TOTALSOURCE AND ACUMEN SHARE CERTAIN RESPONSIBILITIES AND ALLOCATE OTHER EMPLOYER RESPONSIBILITIES BETWEEN EACH OTHER. ACUMEN REMAINS AN EMPLOYER OF THE WORKSITE EMPLOYEES AND TOTALSOURCE IS A CO-EMPLOYER OF ACUMEN'S EMPLOYEES. ACUMEN HAS: - DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO CONDUCT ITS BUSINESS, DISCHARGE ANY FIDUCIARY RESPONSIBILITY IT MAY HAVE, OR COMPLY WITH ANY APPLICABLE LICENSURE, REGULATORY OR STATUTORY REQUIREMENT OF ACUMEN - CONTROL OVER THE DAY TO DAY JOB DUTIES OF EMPLOYEES AND OVER THE JOB SITES AT WHICH, OR FROM WHICH EMPLOYEES PERFORM SERVICES TOTALSOURCE RESERVES A RIGHT OF DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO FULFILL ITS OBLIGATIONS AND PROVIDE ITS SERVICES UNDER AN AGREEMENT BETWEEN ACUMEN AND TOTALSOURCE. TOTALSOURCE AND ACUMEN HAVE A RIGHT TO HIRE, DISCIPLINE, AND TERMINATE EMPLOYEES AS TO EACH ONE'S EMPLOYMENT RELATIONSHIP WITH EMPLOYEES. THE TOTAL AMOUNT OF SERVICE FEE PAID TO ADP TOTALSOURCE FOR THE TAX YEAR ENDING 12/31/19 IS $171,546.
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION'S FINANCE STAFF MEMBERS PREPARE THE FORM 990 IN CONJUNCTION WITH THE ORGANIZATION'S EXTERNAL INDEPENDENT ACCOUNTANTS. SEVERAL SENIOR MANAGEMENT AND INTERNAL LEGAL STAFF MEMBERS REVIEW THE INFORMATION AND A DRAFT FORM 990 IS CIRCULATED ELECTRONICALLY BY E-MAIL TO THE BOARD OF DIRECTORS. AFTER SOLICITING THE BOARD'S FEEDBACK AND COMMENTS, THE FORM 990 IS E-FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS ANNUALLY MONITORED, REQUIRING ALL OF THE ORGANIZATION'S OR ITS AFFILIATES' BOARD MEMBERS, MEMBERS OF THE INVESTMENT COMMITTEE, OFFICERS, KEY EMPLOYEES, AND EACH OF THEIR RESPECTIVE RELATIVES TO DISCLOSE ANY FINANCIAL INTEREST THAT MAY BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST TO THE GENERAL COUNSEL, SUBJECT TO REVIEW BY THE AUDIT & FINANCE COMMITTEE OF THE BOARD. SUCH DISCLOSURES INVOLVING A TRANSACTION OR ARRANGEMENT ARE REVIEWED BY THE GENERAL COUNSEL, WITH OVERSIGHT BY THE PRESIDENT, AND, IF OVER A CERTAIN THRESHOLD, REFERRED TO THE AUDIT & FINANCE COMMITTEE TO DETERMINE APPROPRIATE ACTION TO BE TAKEN TO ADDRESS THE CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT. THE INDIVIDUAL WITH THE CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE THE CONFLICT AND RECUSE HIM/HERSELF FROM THE DISCUSSION AND NOT BE PRESENT DURING ANY DELIBERATION OR VOTE ON MATTERS WHERE HE/SHE HAS AN ACTUAL CONFLICT. A DISINTERESTED PERSON MAY BE APPOINTED TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND THE AUDIT & FINANCE COMMITTEE SHALL DETERMINE IF ACUMEN CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, AND IF NOT, IF THE TRANSACTION OR ARRANGEMENT IS IN ACUMEN'S BEST INTEREST FOR ITS OWN BENEFIT AND FAIR AND REASONABLE. ADDITIONALLY, THE ORGANIZATION REQUIRES ALL SUCH INDIVIDUALS TO PROMPTLY AND FULLY DISCLOSE ALL MATERIAL FACTS OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST THAT MAY EXIST AT THE TIME OF HIRE OR APPOINTMENT, AS APPLICABLE, AND AS THEY MAY ARISE WHILE THE INDIVIDUAL IS SERVING OR EMPLOYED IN SUCH CAPACITY BY THE ORGANIZATION. SUCH DISCLOSURES ARE REVIEWED BY THE GENERAL COUNSEL, WITH OVERSIGHT BY THE PRESIDENT AND/OR OTHER MEMBERS OF SENIOR MANAGEMENT, AND THE AUDIT & FINANCE COMMITTEE, WHERE APPROPRIATE, TO DETERMINE APPROPRIATE ACTION TO BE TAKEN, WHICH, IF ADVISABLE, MAY INCLUDE INFORMATION FIREWALLS, OVERSIGHT BY DISINTERESTED PERSONS AND/OR DISCOURAGEMENT OF THE ACTIVITY.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION ANNUALLY REVIEWS COMPARABLE COMPENSATION DATA FOR ITS NON-PROFIT PEER GROUP AND SIMILAR ORGANIZATIONS IN THE FOR-PROFIT PRIVATE SECTOR. ACUMEN TALENT BENCHMARKS AGAINST THESE COMPARATIVE FIGURES WHEN SETTING COMPENSATION FOR ITS CHIEF EXECUTIVE OFFICER AND PRESIDENT. THE ORGANIZATION WILL ALSO CONSIDER JOB PERFORMANCE WHEN EVALUATING CEO COMPENSATION. THE COMPENSATION COMMITTEE RECOMMENDS AND THEN THE BOARD OF DIRECTORS DISCUSSES AND APPROVES, IN EXECUTIVE SESSION, THE COMPENSATION INFORMATION AND DETERMINES THE CEO AND PRESIDENT'S SALARIES. THE COMPENSATION COMMITTEE IS COMPOSED SOLELY OF BOARD MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST IN DETERMINING THE SALARY OF THE CEO. ANY BOARD MEMBERS WHO ARE CONFLICTED IN DETERMINING THE CEO'S COMPENSATION ARE RECUSED FROM THE PORTION OF THE MEETING WHERE THE CEO'S COMPENSATION IS DISCUSSED AND DETERMINED. MINUTES DOCUMENTING BOTH THE ACTIVITIES AND ACTIONS OF THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS, INCLUDING THE MATERIALS THEY USED IN EVALUATING COMPENSATION, ARE TAKEN AND RETAINED CONTEMPORANEOUSLY. THIS PROCESS WAS LAST COMPLETED IN 2019. THE CEO, IN CONSULTATION WITH THE PRESIDENT AND DIRECTOR OF TALENT, DETERMINES SALARIES OF THE OTHER MEMBERS OF SENIOR MANAGEMENT OF THE ORGANIZATION USING THE SAME PROCESSES AS DESCRIBED ABOVE. THIS PROCESS WAS LAST COMPLETED IN 2019.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION POSTS ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS ON ITS PUBLICLY ACCESSIBLE WEBSITE WWW.ACUMEN.ORG. CURRENT YEAR INFORMATION IS POSTED AS IT BECOMES AVAILABLE AND TWO PRIOR YEAR'S RESULTS ARE MAINTAINED ONLINE. THE ORGANIZATION ALSO PROVIDES ITS INFORMATION TO CHARITY NAVIGATOR AND GUIDESTAR.ORG. PUBLIC INFORMATION ABOUT ACUMEN IS AVAILABLE ON THE WEBSITE OF THE NYS ATTORNEY GENERAL CHARITIES BUREAU, AS WELL AS UPON REQUEST. THE FORM 1023 IS MADE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST, AND A SUMMARY OF THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE FORM 990.
FORM 990, PART XI, LINE 9:	FOREIGN CURRENCY TRANSLATION LOSS -105,662. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 246,965. LOSS ON DISPOSAL OF FIXED ASSETS -5,138. UNREALIZED INVESTMENT LOSS ALLOCATION -335,564.
FORM 990, PART XII, LINE 2C:	ACUMEN FUND, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM 2018.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
ACUMEN CAPITAL MARKET INVESTMENTS LLC
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	364796906	CARRY VEHICLE	DE	$0	$0	ACUMEN CAPITAL PARTNERS LLC
ACUMEN RESILIENT AGRICULTURE CAPITAL INVESTMENTS LLC
40 WORTH STREET SUITE 303	NEW YORK	NY	10013	831263292	CARRY VEHICLE	DE	$0	$0	ACUMEN CAPITAL PARTNERS LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd	Foreign PostalForeignAddress/ForeignPostalCd
ACUMEN (PAKISTAN)
11-C 4TH FL1ST COMMERCIAL LANE S	KARACHI	PK	INVESTING IN SOCIAL ENTERPRISES	PK	501(C)(3)	LINE 7	ACUMEN FUND INC	Yes (1)
ACUMEN FUND CANADA
700 WEST GEORGIA STREET 25TH FLOOR	VANCOUVER	CA	ALLEVIATE POVERTY	CA	501(C)(3)	LINE 7	ACUMEN FUND INC	Yes (1)	V7Y 1B3
AF TRUST
201 DHEERAJI PLAZA HILL ROAD BAN	MUMBAI	IN	LEADERSHIP	IN	501(C)(3)	LINE 7	ACUMEN FUND INC	Yes (1)	400050
ACUMEN FUND WEST AFRICA LTDGTE
10TH FLOOR ST NICHOLAS HOUSE CATH	LAGOS	NI	INVESTING IN SOCIAL ENTERPRISES	NI	501(C)(3)	LINE 7	ACUMEN FUND INC	Yes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
ACUMEN CAPITAL MARKETS ILP
40 WORTH STREET STE 303	NEW YORK	NY	10013	263831409	INVESTING IN SOCIAL ENTERPRISES	DE	ACUMEN FUND INC	RELATED	-$50,863	$1,083,212	0	Yes (1)	0.16880
KAWISAFI VENTURES LIMITED
				320466550	INVESTING IN SOCIAL ENTERPRISES		ACUMEN CAPITAL PARTNERS LLC	RELATED	$22,311	$8,848,358	0	Yes (1)	0.28540	C/O ESTERA MANAGEMENT MAURITIUS L	PORT LOUIS	MP	MP
ACUMEN LATIN AMERICA EARLY GROWTH FUND LP
40 WORTH STREET STE 303	NEW YORK	NY	10013	981364491	INVESTING IN SOCIAL ENTERPRISES		ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC	RELATED		$409,558	0	Yes (1)	0.04570				CA
ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC
40 WORTH STREET STE 303	NEW YORK	NY	10013	820973614	CARRY VEHICLE	DE	ACUMEN CAPITAL PARTNERS LLC	RELATED			0	Yes (1)
ACUMEN RESILIENT AGRICULTURE FUND LP
40 WORTH STREET STE 303	NEW YORK	NY	10013	981496984	INVESTING IN SOCIAL ENTERPRISES		ACUMEN CAPITAL PARTNERS LLC	RELATED		$43,387	0	Yes (1)	0.08000				CA

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	Province Or StateForeignAddress/ProvinceOrStateNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Legal Domicile StateLegalDomicileStateCd
ACUMEN FUND ADVISORY SERVICES INDIA PVT LTD
203 DHEERAJ PLAZA HILL ROAD	BANDRA WEST	MUMBAI	IN	400050	ADVISORY SERVICES	IN	ACUMEN FUND INC	C	$596,968	$1,776,955	0.99900	0
ACUMEN CAPITAL PARTNERS LLC
					FUND MANAGER		ACUMEN FUND INC	C	$1,937,700	$3,279,899	1.00000	0	40 WORTH STREET STE 303	NEW YORK	NY	10013	320450985	DE
ACUMEN CAPITAL HOLDING LLC
					HOLDING COMPANY		ACUMEN FUND INC	C		$46,685	1.00000	0	40 WORTH STREET STE 303	NEW YORK	NY	10013	820758236	DE
UNDER THE MANGO TREE
A 412 BYCULLA SERVICE INDUSTRIES C	BYCULLA	MUMBAI	IN		BEEKEEPING	IN	ACUMEN FUND INC	C	$115,229	$87,578	0.82140	0
ACUMEN LATIN AMERICA CAPITAL PARTNERS COLOMBIA SAS
DIAGONAL 76 1-29	BOGOTA DC	CUNDINAMARCA	CO		INVESTING IN SOCIAL ENTERPRISES	CO	ACUMEN LATIN AMERICA CAPITAL PARTNERS LLC	C				0					981503546
ACUMEN LATAM CAPITAL PARTNERS LLC
					FUND MANAGER		ACUMEN CAPITAL PARTNERS LLC	C			0.49000	0	40 WORTH STREET STE 303	NEW YORK	NY	10013	822358039	DE
ACUMEN CAPITAL PARTNERS (ARAF) LTD
					FINANCIAL SERVICES	KE	ACUMEN CAPITAL PARTNERS LLC	C				0	40 WORTH STREET STE 303	NEW YORK	NY	10013	981546121
ACUMEN CAPITAL PARTNERS (EA) LTD
					FINANCIAL SERVICES	KE	ACUMEN CAPITAL PARTNERS LLC	C				0	40 WORTH STREET STE 303	NEW YORK	NY	10013	981551441

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (1)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
ACUMEN FUND ADVISORY SERVICES INDIA PRIVATE LIMITED
M	$628,197	FMV
ACUMEN LATIN AMERICA CAPITAL PARTNERS LLC
Q	$264,411	COST
ACUMEN RESILIENT AGRICULTURE FUND LP
Q	$250,000	COST
ACUMEN CAPITAL MARKETS LATIN AMERICA EARLY GROWTH LLC
Q	$200,000	COST