2024-11-15T20:10:01-06:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2023-01-01 132535763 Accion International % PAULO SILVA ACCI 2023935113 1101 15th Street NW Suite 400 Washington DC 20005 PAULO SILVA CFO 6176257020 2024-11-15 true true Marc Berger P01871563 7038930600 2023 2024-10-15 13:58:12Z MICHAEL SCHLEIN 1101 15th Street NW Suite 400 Washington DC 20005 35060989 false X WWW.ACCION.ORG X 1965 NY SEE SCHEDULE O 16 16 114 3 0 6412044 21491498 5968760 8960705 13113093 2800058 639084 713128 26132981 33965389 3266366 3563885 0 0 17319098 17600569 0 0 2960069 10242610 10061256 30828074 31225710 -4695093 2739679 427090566 372785749 19128670 6776883 407961896 366008866 X Our mission is to create a fair and inclusive economy where underserved people have quality financial choices and opportunities to improve their economic well-being.We find and help build innovative companies with the potential to reach large numbers of underserved people and accelerate their growth.We work with our partners to design, test, and deploy affordable digital solutions that strengthen clients' financial health and economic well-being.We conduct in-depth research and share our learnings to advance responsible financial solutions and systems. false false 10151325 2932967 2142347 SEE SCHEDULE O 5461794 577360 6219325 SEE SCHEDULE O 3609641 53558 160441 SEE SCHEDULE O 2484965 0 438592 21707725 true true false false false false false false false false true false true false true true true true false true true true true false false false false true false true false false false false false false false false false false false false true true true true true false true X 68 0 true 114 true false true MP IN CH CO PE false false false false false false false false false false X 16 16 false false true false false false false true true false false true true true true true true true true true true AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X PAULO SILVA 2023935113 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 X ESTEBAN ALTSCHUL COO 50.0 0.0 X 621412 0 75711 MICHAEL SCHLEIN CEO 50.0 0.0 X 560705 0 36826 JOHN FISCHER CIO 50.0 0.0 X 358721 0 51408 MAYADA EL-ZOGHBI SENIOR VP 50.0 0.0 X 363269 0 30643 NJORD ANDREWES SENIOR VP 0.0 50.0 X 0 298767 51663 AMEE PARBHOO SENIOR VP (AS OF 02/01/23) 50.0 50.0 X 91169 212934 38471 VICTORIA WHITE SENIOR VP 50.0 0.0 X 279365 0 56212 LIVINGSTON PARSONS III CFO 50.0 0.0 X 270873 0 57364 MARIA HERMIDA Asst. SEC & General Counsel 50.0 0.0 X 285027 0 23472 MELISSA BAEZ SENIOR VP 50.0 0.0 X 249297 0 45307 VIKAS RAJ SENIOR VP 0.0 0.0 X 262698 0 0 TAHIRA DOSANI SENIOR VP 0.0 0.0 X 262698 0 0 BRANDIE CONFORTI SENIOR VP 50.0 0.0 X 207919 0 25666 ELLEN BAUER ASSISTANT SECRETARY 50.0 0.0 X 98066 0 19386 DIANA TAYLOR CHAIR 6.0 0.0 X X 0 0 0 RON HOGE VICE CHAIR 6.0 0.0 X X 0 0 0 BARBARA LUCAS VICE CHAIR (AS OF 06/01/23) 6.0 0.0 X X 0 0 0 PHILIP RIESE TREASURER 6.0 0.0 X X 0 0 0 THOMAS C BARRY SECRETARY ( AS OF 06/01/23) 6.0 0.0 X X 0 0 0 JULIET ANAMMAH DIRECTOR 1.0 0.0 X 0 0 0 BEVERLY ANDERSON DIRECTOR 1.0 0.0 X 0 0 0 TS ANIL DIRECTOR 1.0 0.0 X 0 0 0 BOB ANNIBALE DIRECTOR 1.0 0.0 X 0 0 0 TITUS BRENNINKMEIJER DIRECTOR 1.0 0.0 X 0 0 0 BETH HURVITZ DIRECTOR (AS OF 06/01/23) 1.0 0.0 X 0 0 0 TARA KENNEY DIRECTOR 1.0 0.0 X 0 0 0 LINDA KIRKPATRICK DIRECTOR (AS OF 06/01/23) 1.0 0.0 X 0 0 0 ELIZABETH McCAUL DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL MIEBACH DIRECTOR (THRU 11/01/23) 1.0 0.0 X 0 0 0 HENRY MILLER DIRECTOR 1.0 0.0 X 0 0 0 ERAJ SHIRVANI DIRECTOR 1.0 0.0 X 0 0 0 NICK TALWAR DIRECTOR (THRU 02/01/23) 1.0 0.0 X 0 0 0 3911219 511701 512129 47 true true false ACCCION IMPACT MANAGEMENT 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 Portfolio Management 500336 DIALOG CONCEPTS INC 3100 CLARENDON BLVD SUITE 510 ARLINGTON VA 22201 Professional Service 266090 RPCK RASTEGAR PANCHAL LLP 60 EAST 42ND STREET SUITE 3130 NEW YORK NY 10165 LEGAL SERVICE 205834 JP MORGAN CHASE BANK NA 50 ROWES WHARF 4TH FLOOR BOSTON MA 02110 PORTFOLIO MANAGEMENT 189334 GRANT THORNTON LLP 33960 TREASURY CENTER CHICAGO IL 606943900 AUDIT SERVICES 187500 10 5266 761891 20724341 20592 21491498 DIVIDENDS FROM PROGRAM INVESTMENTS 523920 4654288 4654288 CONTRACT REVENUE 541900 2165205 2165205 INVESTMENT MANAGEMENT FEES 900099 1417200 1417200 HONORARIUM, BOARD REPRESENTATION FEES 900099 642938 642938 MEMBERSHIP FEES 541900 81074 81074 8960705 2970542 0 2970542 0 10 10 713118 713118 0 713118 713118 925116 1095600 -170484 -170484 -170484 0 0 0 0 0 0 0 0 0 0 33965389 8960705 0 3513186 630918 630918 0 2932967 2932967 0 4655895 3263854 1112652 279389 0 9982740 5913501 2537522 1531717 553311 249450 234628 69233 1445141 619722 596466 228953 963482 506831 319238 137413 253108 263123 -10015 502655 209255 283940 9460 246074 46588 196559 2927 0 0 689797 500463 189334 2950806 2460866 202476 287464 37479 36069 946 464 346735 205174 104752 36809 804788 529191 184606 90991 0 1145604 744434 242098 159072 1091269 704125 300190 86954 0 636020 612723 18336 4961 802562 800736 1275 551 0 63933 37458 20025 6450 262916 177624 61630 23662 ALL OTHER 227510 262653 -38742 3599 31225710 21707725 6557916 2960069 2950050 2737617 75344262 59733001 1025352 14494514 3536855 4265597 0 0 0 0 7898574 6450000 0 0 581871 450615 5964323 3062464 1935406 2901859 2883363 2975035 0 0 330466788 278499174 0 0 468045 278337 427090566 372785749 2593713 3466217 0 0 320759 474479 0 0 0 0 0 0 0 0 0 0 16214198 2836187 19128670 6776883 X 403711553 347836156 4250343 18172710 407961896 366008866 427090566 372785749 X 2739679 17899520 -62591770 -459 X false true X true false X 19174205 5773114 6401866 6412044 21491498 59252727 0 0 19174205 5773114 6401866 6412044 21491498 59252727 30078923 29173804 2144913 2287908 1928996 3984476 3683671 14029964 0 0 73282691 26609822 0.39810 0.48579 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1946442 1929225 17217 878658 856009 22649 3139223 277230 2861993 2901859 BANCO SOLIDARIO S.A 94108593 F ACCION FRONTIER INCLUSION FUND 69057042 F OTHER PROGRAM REL. INVESTMENT 66806847 F ACCION QUONA INCLUSION FUND 27364612 F ACCION AFRICA ASIA INVESTMENT 21162080 F 278499174 0 ROU ASSET-ACCORDING WITH ASC 842 2772854 BANK LINE OF CREDIT 63333 2836187 X 52502511 27454566 637602 -9555046 18537122 33965389 33965389 31863312 637602 637602 31225710 31225710 SCHEDULE D, PART X, LINE 2: Accion is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code ("IRC") and is generally exempt from income taxes pursuant to Section 501(a). Centro and ATA are registered charitable organizations in Colombia and India, respectively. Gateway, AFIF GP, AFIF LP, and AVL GP, single member limited liability companies, are fully consolidated on the federal form 990 of their single member, Accion. ACC, AAAIC, AIM US, AIM India, and ADTx GP are taxable subsidiaries of Accion, filing their own tax returns. The income tax consequences, if any, are reflected in the consolidated financial statements, and do not have a material effect, individually or in the aggregate, upon Accion's consolidated financial statements. Accion believes it has taken no uncertain tax positions. SCHEDULE D, PART XI, LINE 2D: EQUITY IN INCOME OF EQUITY INVESTMENTS ($9,555,046) true Central America and the Caribbean 0 0 Program Services SEE PART V 282825 East Asia and the Pacific 1 2 Program Services SEE PART V 73610 Europe (Including Iceland and Greenland) 0 8 Program Services SEE PART V 1891 Middle East and North Africa 0 0 Program Services SEE PART V 35852 North America 0 1 Program Services SEE PART V 69589 Russia and the Newly Independent States 0 0 Program Services SEE PART V 167689 South America 1 29 Program Services SEE PART V 412651 South Asia 2 33 Program Services SEE PART V 1021379 Sub-Saharan Africa 0 7 Program Services SEE PART V 736294 Central America and the Caribbean 0 0 Investments 2711075 East Asia and the Pacific 0 0 Investments 18765440 Europe (Including Iceland and Greenland) 0 0 Investments 2165120 Middle East and North Africa 0 0 Investments 5454156 North America 0 0 Investments 2870821 South America 0 0 Investments 99257307 South Asia 0 0 Investments 7815351 Sub-Saharan Africa 0 0 Investments 24502604 4 80 4 80 166343654 166343654 South Asia PROGRAM ASSISTANCE PROGRAM ASSISTANCE 1579283 WIRE South America 1303684 WIRE Central America and the Caribbean 50000 WIRE 3 TUITION GRANT Middle East and North Africa 2 11750 tuition assistance fmv TUITION GRANT North America 2 7490 tuition assistance fmv TUITION GRANT East Asia and the Pacific 2 8930 tuition assistance fmv TUITION GRANT South Asia 1 4700 tuition assistance fmv TUITION GRANT Sub-Saharan Africa 3 16920 tuition assistance fmv TUITION GRANT South America 2 16920 tuition assistance fmv true false true false true false SCHEDULE F, PART I, LINE 2: ACCION INTERNATIONAL'S ACCOUNTING, RESOURCE DEVELOPMENT AND RELEVANT PROGRAM DEPARTMENTS OVERSEE THE RECEIPT, DISTRIBUTION AND USE OF GRANT FUNDS, AND PROVIDE DONORS WITH DETAILED REPORTS BASED THEREON. SCHEDULE F, PART I, COLUMN E: IF ACTIVITY LISTED IN PART I, COLUMN (D) IS A PROGRAM SERVICE, FOLLOWING IS THE SPECIFIC TYPE OF SERVICE IN THE REGION: MICROFINANCE-TECHNICAL ASSISTANCE, EDUCATION AND INVESTMENTS. SCHEDULE F, PART I, II, III: THE ACCOUNTING METHOD USED FOR PARTS I, II AND III IS US GAAP/ACCRUAL BASIS. true ACCION IMPACT MANAGEMENT LLC 1101 15TH STREET NW SUITE 400 Washington WA 20005 863584816 C Corp 577360 THE SOCIAL PERFORMANCE TASK FORCE - FOOSE 7816 CARTERET ROAD BETHESDA MD 20817 461392259 501(C)(3) 53558 1 1 SCHEDULE I, PART I, LINE 2: ACCION'S ACCOUNTING AND RESOURCE DEVELOPMENT DEPARTMENTS OVERSEE THE RECEIPT, DISTRIBUTION AND USE OF GRANT FUNDS, AND PROVIDE DONORS WITH DETAILED REPORTS BASED THEREON. X X X true true X X X X X X true true false false false false false true false MICHAEL SCHLEIN CEO 560225 0 0 0 480 0 0 0 36826 0 597531 0 0 0 ESTEBAN ALTSCHUL COO 398647 0 57940 0 164825 0 29984 0 45727 0 697123 0 0 0 JOHN FISCHER CIO 358241 0 0 0 480 0 15745 0 35663 0 410129 0 0 0 LIVINGSTON PARSONS III CFO 270393 0 0 0 480 0 20538 0 36826 0 328237 0 0 0 MAYADA EL-ZOGHBI SENIOR VP 175934 0 0 0 187335 0 15567 0 15076 0 393912 0 0 0 VICTORIA WHITE SENIOR VP 278885 0 0 0 480 0 21347 0 34865 0 335577 0 0 0 MELISSA BAEZ SENIOR VP 215817 0 33000 0 480 0 17077 0 28230 0 294604 0 0 0 BRANDIE CONFORTI SENIOR VP 156760 0 45000 0 6159 0 10026 0 15640 0 233585 0 0 0 AMEE PARBHOO SENIOR VP (AS OF 02/01/23) 18589 212534 46000 0 26580 400 1438 15697 1748 19588 94355 248219 0 0 NJORD ANDREWES SENIOR VP 0 290010 0 8317 0 440 0 17309 0 34354 0 350430 0 0 VIKAS RAJ SENIOR VP 0 0 0 0 262698 0 0 0 0 0 262698 0 0 0 TAHIRA DOSANI SENIOR VP 0 0 0 0 262698 0 0 0 0 0 262698 0 0 0 MARIA HERMIDA Asst. SEC & General Counsel 276597 0 7950 0 480 0 20571 0 2901 0 308499 0 0 0 SCHEDULE J PART I LINE 1A: HOUSING ALLOWANCE, TAX INDEMNIFICATION AND ONCE A YEAR HOME LEAVE FOR EMPLOYEES AND THE MEMBERS OF THEIR FAMILIES WERE PROVIDED TO ESTEBAN ALTSCHUL AS PART OF AN EXPATRIATE BENEFIT PACKAGE DURING THEIR TEMPORARY ASSIGNMENT TO A FOREIGN OFFICE. THESE AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 4A: MAYADA EL-ZOGHBI RECEIVED SEVERANCE PAYMENTS IN 2023 FOR $154,172. SCHEDULE J, PART I, LINE 4B: VIKAS RAJ WAS A PARTICIPANT IN A 457 (F) PLAN. THE APPLICABLE AMOUNT FOR 2023 WAS $262,698. TAHIRA DOSANI WAS A PARTICIPANT IN A 457 (F) PLAN. THE APPLICABLE AMOUNT FOR 2023 WAS $262,698. SCHEDULE J, PART I, LINE 7: EMPLOYEES IDENTIFIED IN SCHEDULE J, PART II(A), LINES 1 - 14 WERE ELIGIBLE FOR LIMITED INCENTIVE COMPENSATION BASED UPON PERFORMANCE IN THE PRIOR TAX YEAR. ANY SUCH COMPENSATION THAT IS AWARDED IS PART OF AND SUBJECT TO THE TOTAL COMPENSATION REVIEW AND APPROVAL PROCESS. FORM 990, PART I, LINE 1: We are a leading early-stage investor in fintech for inclusion and experts in the digital transformation of financial service providers, with decades of experience harnessing the capital markets to enable underserved people to improve their lives. FORM 990, PART III, LINE 4A: GLOBAL PROGRAMS: TODAY, NEARLY TWO BILLION PEOPLE ARE LEFT OUT OF OR POORLY SERVED BY THE WORLD'S FORMAL FINANCIAL SECTOR AND LACK THE FINANCIAL SOLUTIONS THEY NEED TO END POVERTY IN THEIR COMMUNITIES. ACCION IS A GLOBAL NONPROFIT COMMITTED TO CREATING A FAIR AND INCLUSIVE ECONOMY, HELPING FAMILIES AND BUSINESSES REACH THEIR ECONOMIC POTENTIAL AND BUILD BETTER LIVES. OUR GLOBAL PROGRAMS INCLUDE ACCION ADVISORY, WHICH PARTNERS WITH FINANCIAL SERVICE PROVIDERS AROUND THE WORLD TO BETTER MEET THE NEEDS OF UNDERSERVED INDIVIDUALS AND SMALL BUSINESSES. ACCION ADVISORY LEVERAGES ACCION'S GLOBAL INSIGHTS AND PROVIDES STRATEGIC AND OPERATIONAL SUPPORT FOR DIGITAL TRANSFORMATION, GROWTH STRATEGY AND PLANNING, CUSTOMER ENGAGEMENT, AND OTHER CORE SERVICES THAT MAXIMIZE IMPACT FOR CLIENTS. IN 2023, THE ADVISORY TEAM CONTINUED TO WORK WITH PARTNERS TO DEVELOP NEW DIGITAL SOLUTIONS AND PLATFORMS THAT HELP UNDERSERVED CLIENTS TO PARTICIPATE IN AND BENEFIT FROM THE DIGITAL ECONOMY. FORM 990, PART III, LINE 4B: INVESTMENT STRATEGIES: BY PROVIDING EQUITY CAPITAL TO INCLUSIVE FINTECH STARTUPS, MICROFINANCE INSTITUTIONS, AND OTHER FINANCIAL SERVICE PROVIDERS, AS WELL AS PROVIDING GOVERNANCE AND EXPERTISE THROUGH BOARD OVERSIGHT, AND ADVISING ON STRATEGIC AND OPERATIONAL CHALLENGES, WE HELP CREATE WELL-RUN, MISSION-DRIVEN, AND EFFICIENT ORGANIZATIONS THAT SERVE AS DEMONSTRATION MODELS AND ENCOURAGE OTHERS TO WORK TOWARD A FAIR AND INCLUSIVE ECONOMY. IN 2023, ACCION CONTINUED TO SUPPORT ITS PARTNERS TO DIGITIZE AND SCALE OPERATIONS SO THEY CAN SERVE VULNERABLE CLIENTS IN A RAPIDLY DIGITIZING WORLD. FORM 990, PART III, LINE 4C: CENTER FOR FINANCIAL INCLUSION: LAUNCHED IN 2008, THE CENTER FOR FINANCIAL INCLUSION (CFI) IS AN INDEPENDENT GLOBAL THINK TANK HOUSED AT ACCION THAT USES RIGOROUS RESEARCH AND ADVOCACY TO ADVANCE INCLUSIVE FINANCIAL SYSTEMS FOR LOW-INCOME PEOPLE AROUND THE WORLD. IT LEVERAGES PARTNERSHIPS TO CONDUCT RESEARCH, TEST PROMISING SOLUTIONS, AND THEN ADVOCATE FOR EVIDENCE-BASED CHANGE. CFI CONDUCTS RESEARCH RELATED TO ITS FOUR STRATEGIC PRIORITIES: CONSUMER PROTECTION, DATA RISKS AND OPPORTUNITIES, WOMEN'S FINANCIAL INCLUSION, AND FINANCIAL SERVICES TO MITIGATE AND ADAPT TO CLIMATE CHANGE. CFI HOSTS FINANCIAL INCLUSION WEEK, AN ANNUAL VIRTUAL EVENT THAT IN 2023 CONVENED 2,800 POLICY EXPERTS, FINANCIAL SERVICE PROVIDERS, ANALYSTS, AND INDUSTRY LEADERS TO DISCUSS THE MOST PRESSING TOPICS IN THE INCLUSIVE FINANCE SECTOR. IN 2023, CFI CONVENED THE RESPONSIBLE FINANCE FORUM (RFF) IN BENGALURU, INDIA, BRINGING TOGETHER GLOBAL STAKEHOLDERS TO SHARE IDEAS, RESEARCH, AND SOLUTIONS ON EMERGING CONSUMER RISKS IN INCLUSIVE FINANCE. FORM 990, PART III, LINE 4D: EDUCATION AND COMMUNICATION: ACCION'S COMMUNICATIONS FOCUS ON THE TRANSFORMATIVE POWER OF FINANCIAL INCLUSION TO ACCELERATE SOCIAL AND ECONOMIC PROGRESS FOR UNDERSERVED COMMUNITIES AROUND THE WORLD. IN 2023, ACCION SHOWCASED THE IMPORTANCE OF DIGITAL FINANCIAL SOLUTIONS FOR ENTREPRENEURS AND INNOVATION THROUGH CLIENT-FOCUSED STORYTELLING, ALONG WITH PAPERS, TOOLKITS, AND CASE STUDIES PROMOTING WAYS OF BETTER MEETING THE NEEDS OF THE WORLD'S NEARLY TWO BILLION UNDERSERVED PEOPLE. FORM 990, PART VI, SECTION A, LINE 1A: THE AUDIT, EXECUTIVE OR FINANCE COMMITTEE HAVE BEEN DELEGATED AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH THEIR COMMITTEE CHARTERS AND SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 4: IN JUNE 2023, THE ORGANIZATION AMENDED ITS AMENDED AND RESTATED BY-LAWS TO PROVIDE FOR EQUIVALENT TERM LIMITS FOR ALL BOARD MEMBERS REGARDLESS OF ROLE, ALLOW FOR ADDITIONAL SERVICE BY AN INDIVIDUAL BOARD MEMBER IF THE BOARD DETERMINES IT IS IN THE ORGANIZATION'S BEST INTERESTS, PERMIT THE APPOINTMENT OR ELECTION OF ONE OR MORE VICE CHAIRS AS AN OFFICER OF THE ORGANIZATION, AND PROVIDE FOR UNIFORM VOTING THRESHOLDS. FORM 990, PART VI, SECTION A, LINE 11B: THE BOARD HAS DELEGATED APPROVAL POWER OF THE 990 TO THE EXECUTIVE AND FINANCE COMMITTEES. ONCE APPROVED BY ONE OF THOSE COMMITTEES, EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 FOR THEIR REVIEW BEFORE ACCION FILES IT WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION A, LINE 12C: ACCION INTERNATIONAL'S CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, INCLUDING ALL TRANSACTIONS, FINANCIAL INTERESTS, CONTRACTS, OR POSITIONS, CONDUCTED OR HELD BY THE OFFICER, DIRECTOR, OR KEY EMPLOYEE OR IMMEDIATE MEMBER OF HIS/HER FAMILY, WITH ANY BUSINESSES, CORPORATIONS, PARTNERSHIPS, PROPRIETORSHIPS THAT CARRY OUT ANY BUSINESS ACTIVITIES WITH ACCION INTERNATIONAL OR ANY OF ITS SUBSIDIARIES, INVESTEES, AFFILIATES OR OTHER PERSONS OR INSTITUTIONS IN ANY RELATED TO ACCION INTERNATIONAL. IN ADDITION TO THE ANNUAL DISCLOSURE REQUIREMENT, OFFICERS, DIRECTORS, AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY POTENTIAL OR REAL CONFLICT OF INTEREST AS THEY ARISE. EACH REAL OR POTENTIAL CONFLICT MUST BE EVALUATED BY INDEPENDENT, DISINTERESTED DIRECTORS SERVING ON THE AUDIT & GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS, AND IF A REAL OR POTENTIAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT CONFLICT SITUATION MUST BE DETERMINED TO BE FAIR AND REASONABLE TO THE CORPORATION AND THUS WAIVED BEFORE THE AFFECTED OFFICER, DIRECTOR, OR KEY EMPLOYEE MAY PROCEED. FORM 990, PART VI, SECTION C, LINE 15: COMPENSATION FOR OFFICERS, INCLUDING THE CEO, AND KEY EMPLOYEES MUST BE APPROVED BY THE APPROPRIATE COMMITTEE OF THE BOARD OF DIRECTORS AFTER CONSIDERATION OF DATA PROVIDED BY THIRD PARTY EXPERTS WHICH INDICATES COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE BOARD COMMITTEE WILL MAINTAIN CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19: ACCION INTERNATIONAL'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE AND ITS GOVERNING DOCUMENTS AND DIRECTOR CONFLICT OF INTEREST AND TRANSACTIONS WITH DISQUALIFIED PERSONS POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8: Closing of Bancosol & China Hub $ (62,591,770) FORM 990, PART XI, LINE 9: MISC ADJUSTMENT $ (459) ACCION GATEWAY FUND LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 0 ACCION INT ACCION FRONTIER INCLUSION FUND GP LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 2447 ACCION INT ACCION FRONTIER INCLUSION FUND LP LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 69061442 ACCION INT ACCION QUONA INCLUSION FUND GP LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 5591 ACCION INT ACCION QUONA INCLUSION FUND LP LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 27367034 ACCION INT ACCION VENTURE LAB GP LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 108 ACCION INT Accion Venture Lab Holdings LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 0 Accion Gtwy ACCION VENTURE LAB GP II LLC 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 SEE PART VII DE 0 0 Accion INT ACCION TECHNICAL ADVISORS INDIA 9/3 KAISER-E-HIND1 FLRICHMOND RD BANGLORE IN 560025 SEE PART VII IN SEC 8 CO N/A ACCION INT true FUNDACION CENTRO ACCION MICROEMPRESARIAL Cll 123 7- 51/57 Offices 601 Y 6 BOGOTA D.C. CO 110111 See part VII CO FOUNDATION N/A ACCION INT true ACCION DIGITAL TRANS FUND GP 1101 15TH STREET NW SUITE 400 WASHINGTON DC 20005 922416420 INVESTMENTS DE ACCION INT Related 0 857 false 0 true 0.79000 ACCION AFRICA-ASIA INVESTMENT COMPANY 6TH FLOOR TWO TRIBECA TRIBECA CEN TRIANON MP 72261 SEE PART VII MP SEE PART VII C CORP 606480 72132257 1.00000 true ACCION(Beijing) CONSULTATION SVCS CO LTD Floor 15-122 No 8 Xiaoyunli BEIJING CHAOYANG CH SEE PART VII CH SEE PART VII C CORP 3879 15051 1.00000 true ACCION IMPACT MANAGEMENT LLC 1101 15th Street NW Suite 400 Washington DC 20005 863584816 See Part VII DE See Part VII C CORP 5547743 890737 1.00000 true ACCION IMPACT MANAGEMENT INDIA PVT LTD 5th FL of White Castle Co-op MUMBAI MAHARASHTRA IN 400071 SEE PART VII IN SEE PART VII PVT LTD 948332 326077 0.99000 true false true false false false false false false false false false true true true true true true true true ACCION TECHNICAL ADVISORS INDIA B, R 1579263 Cost FUNDACION CENTRO ACCION MICROEMPRESARIAL B, R 1303684 Cost ACCION IMPACT MANAGEMENT LLC B, R 1410000 Cost ACCION IMPACT MANAGEMENT LLC L,N,O 897992 Cost ACCION IMPACT MANAGEMENT LLC B,R 603004 Cost ACCION IMPACT MANAGEMENT LLC M,S 500463 Cost ACCION FRONTIER INCLUSION FUND LP B, R 227185 Cost ACCION QUONA INCLUSION FUND LP B, R 942407 Cost Schedule R, Part I, column (b): PRIMARY ACTIVITY: 1. PROGRAM RELATED INVESTMENT 2. PROGRAM RELATED INVESTMENT 3. PROGRAM RELATED INVESTMENT 4. PROGRAM RELATED INVESTMENT 5. PROGRAM RELATED INVESTMENT 6. PROGRAM RELATED INVESTMENT 7. PROGRAM RELATED INVESTMENT 8. PROGRAM RELATED INVESTMENT Schedule R, PART II, COLUMN (B): PRIMARY ACTIVITY: 1. Technical Assistance & Education Related to Microfinance 2. Technical Assistance & Education Related to Microfinance Schedule R, PART III, COLUMN (A): FULL NAME: 1. ACCION DIGITAL TRANSFORMATION FUND GP LLC Schedule R, PART IV, COLUMN (A): FULL NAME: 2. ACCION (BEJING) CONSULTATION SERVICES CO, LTD Schedule R, PART IV, COLUMN (B): PRIMARY ACTIVITY: 1. PROGRAM RELATED INVESTMENT 2. TECHNICAL ASSISTANCE AND SERVICES RELATED TO MICROFINANCE 3. PRIVATE EQUITY FUND MANAGING 4. PRIVATE EQUITY FUND MANAGING SUPPORT SERVICES SCHEDULE R, PART IV, COLUMN (D): DIRECT CONTROLLING ENTITY: 1. ACCION GATEWAY FUND, LLC 2. ACCION INTERNATIONAL 3. ACCION INTERNATIONAL 4. ACCION IMPACT MANAGEMENT LLC