Overview
What is Acumen Fund Inc?
Acumen Fund Inc, based in New York, is a nonprofit organization dedicated to improving the lives of millions living in poverty by investing in companies, leaders, and ideas. Since 2001, they have invested $154 million in 167 social enterprises across agriculture, education, energy, financial inclusion, health, housing, water and sanitation, and workforce development, in regions such as South Asia, East and West Africa, Latin America, and the United States. Their mission is to change the way the world tackles poverty, envisioning a future where everyone has access to essential goods and services. Acumen Academy, launched in 2020, is a global community of emerging leaders working towards a more just, inclusive, and sustainable world. The organization has also initiated the Pioneer Energy Investment Initiative (PEII+), focusing on productive use of energy technologies to boost incomes and improve livelihoods.
Official website here: www.acumen.org
Is Acumen Fund Inc legitimate?
Acumen Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acumen Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,056,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,127,873
For more financial information, click here
Official website here: www.acumen.org
What is the mission statement of Acumen Fund Inc?
Acumen Fund Inc's mission is to transform the way poverty is addressed worldwide by investing in companies, leaders, and ideas. Their goal is to ensure that every human being has access to essential goods and services, including affordable healthcare, clean energy, education, water and sanitation, housing, financial services, and agriculture. Since 2001, they have invested over $154 million in 167 social enterprises across agriculture, education, energy, financial inclusion, health, housing, water and sanitation, and workforce development. The organization also fosters emerging leaders through Acumen Academy, which includes the Fellows Program and previously named online courses, to create sustainable solutions to poverty.
Official website here: www.acumen.org
Who is the CEO of Acumen Fund Inc?
Jacqueline Novogratz is the Ceo & Director of Acumen Fund Inc. The CEO's salary of Acumen Fund Inc is $356,530 and their total compensation is $389,276.
Official website here: www.acumen.org
What is the revenue of Acumen Fund Inc?
Who are the executives of Acumen Fund Inc and what are their salaries?
The average compensation at Acumen Fund Inc during 2022 was $115,307. There are 97 employees and 14 volunteers at Acumen Fund Inc.
Here are 30 key members and their salaries (Acumen Fund Inc's CEO's salary is $356,530 and their total compensation is $389,276):
- Jacqueline Novogratz (Ceo & Director)
- Carlyle Singer Jones (President)
- William Charnock (Chief Marketing Officer)
- Michelle Osorio (Investment Dir., Kawisafi Ventures)
- Jacqueline Woo (Chief Financial Officer)
- Lynn Roland (Board Secretary/General Counsel)
- Amrita Bhandari (Chief Of Business Development)
- Yasmina Zaidman (Chief Of Dev. & Partnerships)
- Amon Anderson (Director, Acumen America)
- Catherine C Nanda (Director, Acumen America)
- Joanna Mcquade (Director, Talent)
- Eleanor Murphy (Director, Leadership)
- Sarah Bieber (Director, Fundraising)
- Jo-Ann Tan (Director, Leadership)
- Sabrina Lee Ortega Sanchez (Head Of Business Dev., Foundations)
- Alexandra Trabulsi (Assoc. Director, Fundraising)
- Margo Alexander (Director)
- C Hunter Boll (Director)
- Kathleen Chew Wai Lin (Director)
- Stuart Davidson (Director (Thru 4/1/22))
- Julius Gaudio (Director (Thru 4/1/22))
- Nathan Laurell (Director)
- Cristina Ljungberg (Director)
- Kirsten Nevill-Manning (Director)
- Karen Paterson (Director)
- Thulasiraj Ravilla (Director (Thru 4/1/22))
- Andrea Soros Colombel (Director)
- Hans Taparia (Director (As Of 8/1/22))
- Mark Tercek (Director)
- Shaiza Rizavi (Board Chair) [Trustee/Director]
Official website here: www.acumen.org
Where can I find the form 990 for Acumen Fund Inc?
The Acumen Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.acumen.org
Learn more at the official website: www.acumen.org
Mission Statement of Acumen Fund Inc
Acumen Fund Inc, a leading organization in the fight against poverty, is on a mission to change the way the world approaches this complex issue. Through patient capital investments in companies, leaders, and ideas, Acumen aims to deliver critical, affordable goods and services to people living in poverty. Based in South Asia, East and West Africa, Latin America, and the United States, Acumen has invested $154 million in 167 social enterprises since 2001. These enterprises focus on agriculture, education, energy, financial inclusion, health, housing, water and sanitation, and workforce development.
Acumen's impact extends beyond financial investments. The organization also builds a global community of emerging leaders through Acumen Academy, the school for social change, launched in 2020. Acumen Academy offers programs such as the Fellows Program and previously named +Acumen Online Courses. By investing in both businesses and individuals, Acumen is creating long-term, sustainable solutions to poverty. Acumen's vision is a world where every human being has access to essential goods and services, enabling them to transform their lives and live with dignity.
Impact
This information is meant to be a general summary of Acumen Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Acumen Fund Inc's impact can be seen through its strategic investments in companies that deliver critical goods and services to people living in poverty. By providing patient capital to these businesses, Acumen is able to improve the lives of millions of individuals in regions such as South Asia, East and West Africa, Latin America, and the United States. As of 2022, Acumen has invested $154 million in 167 social enterprises working in various sectors including agriculture, education, energy, financial inclusion, health, housing, water and sanitation, and workforce development.
Furthermore, Acumen is not just focused on financial investments but also on building a global community of emerging leaders through initiatives like Acumen Academy. This school for social change aims to create a more just, inclusive, and sustainable world by equipping individuals with the skills and knowledge needed to tackle social challenges effectively.
Overall, Acumen Fund Inc's impact is evident in its commitment to creating long-term, sustainable solutions to poverty and empowering individuals to transform their lives and communities for the better.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$815,810
PGM RELATED LOAN INCOME
Revenue
$138,974
Organization Details
Founding Year
2001
Phone
(212) 566-8821
Principal Officer
Jacqueline Novogratz
Main Address
40 WORTH STREET 303, NEW YORK, NY, 10013
Website
www.acumen.org
NTEE Category
Code: Q12 - International
If you are a representative of Acumen Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.