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International : Development and Relief Services

Acumen

Acumen raises charitable donations to invest in companies, leaders and ideas to change the way the world tackles poverty

four stars

95.27

40 Worth Street Suite 303
New York, NY 10013
tel: (212) 566-8821   Web Site
EIN: 13-4166228

Board Leadership
Robert H. Niehaus
Board Chair

CEO
Jacqueline Novogratz
Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 95.27 four stars
  Financial 93.32 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2018 and includes data from FY2016, the most recent 990 received at that time.

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.

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.

Results Information

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This results data is current as of November 2017, when it was provided to us by GuideStar. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

four stars

93.32

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.7%
  Administrative Expenses 12.3%
  Fundraising Expenses 10.9%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 6.27
  Program Expenses Growth 8.2%
  Liabilities to Assets 1.8%
All data for Financial Performance Metrics calculations was provided by Acumen on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Acumen on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Acumen (NY) 95.27 four stars
Solar Electric Light Fund (DC) 88.82 three stars
Room to Read (CA) 91.42 four stars
GlobalGiving (DC) 96.46 four stars
Bridges to Prosperity (CO) 93.98 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $24,468,654
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,153,300
   Related Organizations $0
   Government Grants $2,554,750
Total Contributions $29,176,704
   Program Service Revenue $1,152,170
Total Primary Revenue $30,328,874
   Other Revenue $34,899
TOTAL REVENUE $30,363,773
   
EXPENSES  
   Program Expenses $15,116,171
   Administrative Expenses $2,322,824
   Fundraising Expenses $2,005,687
TOTAL FUNCTIONAL EXPENSES $19,444,682
   
Payments to Affiliates $0
Excess (or Deficit) for the year $10,919,091
   
Net Assets $112,151,805

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Investing and Portfolio Management $11,084,451 73.3%
Impact and Communications $2,775,059 18.4%
Fellows and Leadership Programs $1,256,661 8.3%

Ratings History
Acumen has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 06/01/2018 95.27 four stars
2015-12 03/01/2017 96.49 four stars
2014-12 06/01/2016 94.68 four stars
 
CN 2.0
2014-12 02/01/2016 92.92 four stars
2013-12 07/01/2015 95.09 four stars
2012-12 02/01/2014 91.03 four stars
2011-12 05/01/2013 96.52 four stars
2010-12 04/01/2012 94.29 four stars
2009-12 09/20/2011 89.39 three stars
 
CN 1.0
2009-12 05/01/2011 85.54 three stars
2008-12 06/01/2010 92.27 four stars
2007-12 06/01/2009 95.05 four stars
2006-12 09/01/2008 94.89 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-4166228
Name in IRS Master File ACUMEN FUND INC
NTEE Code Q12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 2001
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$351,901 1.80% Jacqueline Novogratz CEO
Other Salaries of Note
$288,153 1.48% Carlyle Singer Jones President

Highly Rated

Charity Name & State Overall Score Overall Rating
Acumen (NY) 95.27 four stars
Plant With Purpose (CA) 89.20 three stars
Root Capital (MA) 92.38 four stars
Akshaya Patra USA (MA) 95.19 four stars
Village Enterprise (CA) 93.72 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Acumen
40 Worth Street
Suite 303
New York, NY 10013
tel: (212) 566-8821
fax: (212) 566-8817
EIN: 13-4166228

Visit Web Site

Board Leadership

Robert H. Niehaus
Board Chair

CEO

Jacqueline Novogratz
Chief Executive Officer

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