ACUMEN FUND INC

EIN: 134166228 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$53,208,748
Total Expenses
$30,214,319
Total Assets
$210,817,310
Net Assets
$196,250,739
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
JACQUELINE NOVOGRATZ
Phone
2125668821
Tax Period
2023-01-01 to 2023-12-31

ACUMEN FUND INC, founded in 2001, is a mid-sized nonprofit in the International Affairs sector that reported $53.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $23.0M, a strong 43% operating margin.

Mission

ACUMEN'S MISSION IS TO CHANGE THE WAY THE WORLD TACKLES POVERTY BY INVESTING IN COMPANIES, LEADERS AND IDEAS.ACUMEN IS A GLOBAL FORCE OF ENTREPRENEURS, INVESTORS, PHILANTHROPISTS, AND SOCIAL INNOVATORS WORKING TOGETHER TO BUILD A WORLD BASED ON DIGNITY. WE WERE FOUNDED BY JACQUELINE NOVOGRATZ ON THE RADICAL IDEA THAT BUSINESS, WHEN CULTIVATED WITH MORAL IMAGINATION, CAN BREAK THE CYCLE OF POVERTY. WE INVEST IN TRANSFORMATIONAL COMPANIES, BUILD SUSTAINABLE MARKETS, AND PREPARE LEADERS WITH THE TOOLS THEY NEED TO CREATE A MORE JUST AND INCLUSIVE FUTURE. SINCE 2001, WE HAVE SCALED COMPANIES AND SHAPED MARKETS IN SOME OF THE HARDEST-TO-REACH COMMUNITIES ON THE PLANET, IMPACTING OVER HALF-A-BILLION LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,322,993
Program Service Revenue $1,172,013
Investment Income $1,207,116
Other Revenue $506,626
TOTAL REVENUE $53,208,748

Expense Breakdown

Grants Paid $2,988,413
Salaries & Benefits $15,528,716
Fundraising Expenses $4,132,789
Program Expenses $22,959,752
Other Expenses $11,578,327
TOTAL EXPENSES $30,214,319

Year-over-Year Comparison

2023 2022 Change
Revenue $53,208,748 $61,117,505 -0.1%
Expenses $30,214,319 $28,870,332 +0.0%
Net Income $22,994,429 $32,247,173 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
133
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,363,275
Total Directors
14
$408,545
Key Employees
6
$1,603,341
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACQUELINE NOVOGRATZ CEO & DIRECTOR 39.50
Officer Director
$373,288 $35,257 $408,545
MARGO ALEXANDER DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN CHEW WAI LIN DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW COUREY DIRECTOR (AS OF 4/27/2023) 1.00
Director
$0 $0 $0
C HUNTER BOLL DIRECTOR 1.00
Director
$0 $0 $0
NATHAN LAURELL DIRECTOR 1.00
Director
$0 $0 $0
CRISTINA LJUNGBERG DIRECTOR 1.00
Director
$0 $0 $0
KIRSTEN NEVILL-MANNING DIRECTOR 1.00
Director
$0 $0 $0
KAREN PATERSON DIRECTOR 1.00
Director
$0 $0 $0
THULASIRAJ RAVILLA DIRECTOR (AS OF 4/27/2023) 1.00
Director
$0 $0 $0
ANDREA SOROS COLOMBEL DIRECTOR 1.00
Director
$0 $0 $0
HANS TAPARIA DIRECTOR 1.00
Director
$0 $0 $0
MARK TERCEK DIRECTOR (UNTIL 5/1/2023) 1.00
Director
$0 $0 $0
SHAIZA RIZAVI BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CARLYLE SINGER JONES PRESIDENT 39.50
Officer
$334,865 $22,772 $357,637
JACQUELINE WOO CHIEF FINANCIAL OFFICER 39.50
Officer
$252,096 $45,684 $297,780
LYNN ROLAND BOARD SECRETARY/GENERAL COUNSEL 35.00
Officer
$250,065 $49,248 $299,313
AMRITA BHANDARI CHIEF OF INSIGHTS & STRATEGY 40.00
Key Emp
$257,830 $8,138 $265,968
YASMINA ZAIDMAN CHIEF OF DEVELOPMENT & PARTNERSHIPS 40.00
Key Emp
$252,052 $41,006 $293,058
WILLIAM CHARNOCK CHIEF OF MARKETING (UNTIL 6/30/23) 40.00
Key Emp
$240,774 $16,653 $257,427
JOANNA MCQUADE DIRECTOR, TALENT 40.00
Key Emp
$231,674 $19,918 $251,592
AMON ANDERSON DIRECTOR, ACUMEN AMERICA 0.00
Key Emp
$214,064 $40,381 $254,445
CATHERINE C NANDA DIRECTOR, ACUMEN AMERICA 0.00
Key Emp
$240,008 $40,843 $280,851
ALEXANDRA TRABULSI DIRECTOR, PHILANTHROPY 40.00
Highest
$195,286 $6,262 $201,548
SARAH BIEBER DIRECTOR, DEVELOPMENT & PARTNERSHIPS 40.00
Highest
$190,575 $6,120 $196,695
SABRINA LEE ORTEGA SANCHEZ HEAD OF BUSINESS DEV., FOUNDATION 40.00
Highest
$170,972 $19,623 $190,595
KEVIN LEHMAN ASSOCIATE DIRECTOR, FUNDRAISING (UNTIL 12/7/23) 40.00
Highest
$171,667 $16,160 $187,827
MICHELLE OSORIO INVESTMENT DIR., KAWISAFI VENTURES 0.00
Highest
$0 $47,541 $288,607
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $53,208,748 $30,214,319 $210,817,310 $22,994,429
2022 $61,117,505 $28,870,332 $187,205,036 $32,247,173
2021 $30,454,797 $22,798,953 $151,257,086 $7,655,844
2020 $28,858,136 $28,389,297 $141,486,235 $468,839
2019 $30,966,848 $26,569,877 $140,919,171 $4,396,971
2018 $34,621,633 $22,674,343 $134,799,533 $11,947,290
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