Accion International
- Assets
- $386.5m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 117
- Location
- Washington, DC
- Founding
- 08/1965
- Data as of
- 12/2020
- EIN
- 13-2535763
Organization Overview
Accion International is located in Washington, DC. The organization was established in 1965. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Accion International employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accion International is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Accion International generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $28.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ACCION COMBINES DECADES OF EXPERIENCE WITH INSIGHTS INTO EMERGING TECHNOLOGIES TO BUILD A FINANCIALLY INCLUSIVE WORLD AND PROMOTE ECONOMIC ACTIVITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schlein CEO | OfficerTrustee | 50 | $615,161 |
Esteban Altschul COO | Officer | 50 | $596,936 |
John Fischer Cio | Officer | 50 | $383,290 |
Mayada El-Zoghbi Senior VP | Officer | 50 | $312,000 |
Njord Andrewes Senior VP | 50 | $294,250 | |
Victoria White Senior VP | Officer | 50 | $287,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Munger Tolles Olson Llp Legal Advisory | 12/30/21 | $315,049 |
Kantar Wpp Group Usa Inc Program Consulting | 12/30/21 | $332,246 |
Jp Morgan Chase Bank Na Portfolio Management | 12/30/21 | $269,161 |
Grant Thornton Audit Services | 12/30/21 | $159,000 |
Bridge Partners Llc Recruiting Services | 12/30/21 | $161,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,773,114 |
| Investment income | $2,287,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,951,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,901,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,235,666 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,775,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,683,020 |
| Pension plan accruals and contributions | $539,940 |
| Other employee benefits | $1,337,265 |
| Payroll taxes | $865,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,498 |
| Fees for services: Accounting | $270,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $665,240 |
| Fees for services: Other | $3,150,257 |
| Advertising and promotion | $87,540 |
| Office expenses | $310,376 |
| Information technology | $598,435 |
| Royalties | $0 |
| Occupancy | $1,253,270 |
| Travel | $414,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$12,352 |
| Interest | -$488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,349 |
| Insurance | $128,941 |
| All other expenses | $0 |
| Total functional expenses | $28,112,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,484,869 |
| Savings and temporary cash investments | $91,984,561 |
| Pledges and grants receivable | $8,843,326 |
| Accounts receivable, net | $785,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,884,436 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $682,303 |
| Investments—publicly traded securities | $2,857,810 |
| Investments—other securities | $0 |
| Investments—program-related | $269,886,829 |
| Intangible assets | $0 |
| Other assets | $4,213,298 |
| Total assets | $386,472,102 |
| Accounts payable and accrued expenses | $4,048,375 |
| Grants payable | $0 |
| Deferred revenue | $485,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,933 |
| Total liabilities | $4,633,708 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $381,838,394 |
Grants Awarded
Over the last fiscal year, Accion International has awarded $86,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Jose, CA PURPOSE: program Assistance | $75,000 |
Monrovia, CA PURPOSE: program assistance | $11,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Accion International has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Richard And Barbara Marx Foundation Rickreall, OR PURPOSE: TO PROVIDE SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technoserve Inc Arlington, VA | $114,276,337 | $96,632,627 |
Center For International Private Enterprise Inc Washington, DC | $7,049,189 | $42,269,562 |
Accion International Washington, DC | $386,472,102 | $4,901,116 |
International Budget Partnership Washington, DC | $22,613,845 | $10,208,589 |
The Global Development Incubator Inc Washington, DC | $19,206,818 | $12,212,974 |
U S Russia Foundation For Ecnomic Advancement And The Rule Of Law Washington, DC | $338,533,234 | $10,918,102 |
International Economic Development Council Inc Washington, DC | $7,664,446 | $7,258,490 |
Grassroots Business Partners Inc Washington, DC | $4,894,378 | $2,765,853 |
Serrv International Inc Westminster, MD | $5,915,930 | $5,889,769 |
Junior Achievement Of Greater Washington Washington, DC | $13,546,976 | $4,222,443 |
Fairtrade America United Inc Washington, DC | $5,153,549 | $4,146,091 |
Aceli Africa Inc Washington, DC | $4,489,153 | $3,826,704 |