International : Development and Relief Services

Acumen Fund

Building transformative businesses to solve the problems of poverty

Rating

Overall Rating    
      (65.05)
Organizational Efficiency      
Program Expenses 75.5%    
Administrative Expenses 14.2%    
Fundraising Expenses 10.1%    
Fundraising Efficiency $0.01    
Efficiency Rating    
      (35.05)
Organizational Capacity      
Primary Revenue Growth 103.0%    
Program Expenses Growth 31.5%    
Working Capital Ratio (years) 11.08    
Capacity Rating    
      (30.00)

Income Statement     (FYE 12/2007)

Revenue  
Primary Revenue $45,658,953
Other Revenue $802,375
Total Revenue $46,461,328
   
Expenses  
Program Expenses $4,487,031
Administrative Expenses $848,524
Fundraising Expenses $602,152
Total Functional Expenses $5,937,707
   
Payments to Affiliates $0
Excess (or Deficit) for the year $40,523,621
   
Net Assets $71,236,574

Charts

Expenses Breakdown

Expenses Legend

Revenue/Expenses Trend

Revenue-Expense Legend

Contact Information

Acumen Fund
76 Ninth Avenue
Suite 315
New York, NY 10011
tel: (212) 566-8821
fax: (212) 566-8817
EIN: 13-4166228

Contact Email
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Leadership      (FYE 12/2007)

Name Title Compensation % of Expenses
Jacqueline Novogratz Chief Executive Officer (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) $255,000 4.29%

Donor Privacy Policy

YES, this charity has a written donor privacy policy.

Mission

Founded in 2001, Acumen Fund is a global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. We seek to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Our investments focus on delivering affordable, critical goods and services - like health, water, housing and energy - through innovative, market-oriented approaches. We believe that pioneering entrepreneurs will ultimately find the solutions to poverty. We use philanthropic capital to make disciplined investments - loans or equity, not grants -that yield both financial and social returns. Any financial returns we receive are recycled into new investments.

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