Accion International
- Assets
- $427.1m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 115
- Location
- Washington, DC
- Founding
- 08/1965
- Data as of
- 12/2022
- 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 12/2022, Accion International employed 115 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 12/2022, Accion International generated $26.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $30.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vikas Raj Senior VP | 0 | $904,411 | |
Tahira Dosani Senior VP | 0 | $904,411 | |
Amee Parbhoo Senior VP | Officer | 50 | $858,979 |
Michael Schlein CEO | OfficerTrustee | 50 | $797,649 |
Esteban Altschul COO | Officer | 50 | $655,401 |
John Fischer Cio | Officer | 50 | $440,731 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quona Capital Management Ltd Portfolio Management | 12/30/22 | $306,392 |
Jp Morgan Chase Bank Na Portfolio Management | 12/30/22 | $237,803 |
Rooftop Video Productions Cc Consultancy Services | 12/30/22 | $174,848 |
Bridge Partners Llc Recruiting Services | 12/30/22 | $173,330 |
Grant Thornton Llp Audit Services | 12/30/22 | $168,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,544 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $593,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,810,563 |
| Noncash contributions included in lines 1a–1f | $41,035 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,412,044 |
| Total Program Service Revenue | $5,968,760 |
| Investment income | $3,345,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16 |
| Net Rental Income | $639,068 |
| Net Gain/Loss on Asset Sales | $9,767,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,132,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,766,366 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,558,492 |
| Compensation of current officers, directors, key employees. | $1,461,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,536,594 |
| Pension plan accruals and contributions | $593,439 |
| Other employee benefits | $1,659,117 |
| Payroll taxes | $971,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $415,191 |
| Fees for services: Accounting | $311,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $542,755 |
| Fees for services: Other | $3,839,896 |
| Advertising and promotion | $70,347 |
| Office expenses | $341,441 |
| Information technology | $769,370 |
| Royalties | $0 |
| Occupancy | $772,556 |
| Travel | $1,442,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $816,822 |
| Interest | $363,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,471 |
| Insurance | $200,052 |
| All other expenses | $298,061 |
| Total functional expenses | $30,828,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,950,050 |
| Savings and temporary cash investments | $75,344,262 |
| Pledges and grants receivable | $1,025,352 |
| Accounts receivable, net | $3,536,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,898,574 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $581,871 |
| Net Land, buildings, and equipment | $1,935,406 |
| Investments—publicly traded securities | $2,883,363 |
| Investments—other securities | $0 |
| Investments—program-related | $330,466,788 |
| Intangible assets | $0 |
| Other assets | $468,045 |
| Total assets | $427,090,566 |
| Accounts payable and accrued expenses | $2,593,713 |
| Grants payable | $0 |
| Deferred revenue | $320,759 |
| 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 | $16,214,198 |
| Total liabilities | $19,128,670 |
| Net assets without donor restrictions | $403,711,553 |
| Net assets with donor restrictions | $4,250,343 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $427,090,566 |
Grants Awarded
Over the last fiscal year, Accion International has awarded $86,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VISIONFUND INTERNATIONAL PURPOSE: program assistance | $11,800 |
ACCION THE US NETWORK PURPOSE: program Assistance | $75,000 |