NonprofitsAccion International

International Affairs

Accion International

WASHINGTON, DC

Total revenue

$23.8M

Total expenses

$33.1M

Net assets

$303.8M

Grants received

$31.4M

173 grants

EIN

132535763

Tax year

2024

Mission

Accion is a global nonprofit on a mission to create a fair and inclusive economy. 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. We work to develop and scale cheaper, more accessible and customer-friendly financial solutions for underserved people globally

Programs

3 programs

See schedule oinvestment strategies: at accion, we know financial services are powerful tools to help reduce poverty and create opportunity. We find and help build innovative companies with the potential to reach large numbers of underserved people and accelerate their growth by investing capital and providing strategic governance and advice. We focus on social impact, driving systems-level change. We make equity and quasi-equity investments from pre-seed to growth-stage and prioritize investments in south and southeast asia, latin america, sub-saharan africa, and the united states. In 2024, accion continued to support its partners to digitize and scale operations so they can serve vulnerable clients in a rapidly digitizing world.

Expenses: $4.5MGrants: $724K

See schedule ocenter 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 2024 convened more than 3,000 policy experts, financial service providers, analysts, and industry leaders to discuss the most pressing topics in the inclusive finance sector. In 2024, cfi convened the responsible finance forum (rff) in fortaleza, brazil, bringing together global stakeholders to share ideas, research, and solutions on emerging consumer risks in inclusive finance.

Expenses: $3.3M

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 2024, 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 1.6 billion people who are left out or poorly served by the global financial system.

Expenses: $2.6MGrants: $83K

Financials

FY 2024

Revenue

Contributions & grants$12.0M
Program service revenue$7.4M
Investment income$3.6M
Other revenue$792K
Total revenue$23.8M

Expenses

Grants paid$3.8M
Salaries & benefits$18.3M
Fundraising$3.0M
Other expenses$11.0M
Total expenses$33.1M
Total assets$310.5M
Net assets$303.8M

People

32 listed

NameRoleCompensation

MICHAEL SCHLEIN

CEO

Board

$718K

50 hrs/wk

ESTEBAN ALTSCHUL

COO (THRU 04/30/24)

Board

$647K

50 hrs/wk

LIVINGSTON PARSONS III

CFO (THRU 09/30/24)

Board

$561K

50 hrs/wk

KARTHIK VENKATARAMAN

COO (AS OF 05/01/24)

Board

$327K

50 hrs/wk

MARIA HERMIDA

ASST. SEC & GENERAL COUNSEL

Board

$324K

50 hrs/wk

ELLEN BAUER

ASSISTANT SECRETARY

Board

$111K

50 hrs/wk

PAULO SILVA

CFO (AS OF 10/01/24)

Board

$75K

50 hrs/wk

HENRY MILLER

DIRECTOR

Board

1 hrs/wk

DIANA TAYLOR

CHAIR

Board

6 hrs/wk

ERAJ SHIRVANI

DIRECTOR

Board

1 hrs/wk

RON HOGE

VICE CHAIR

Board

6 hrs/wk

BARBARA LUCAS

VICE CHAIR

Board

6 hrs/wk

PHILLIP RIESE

TREASURER

Board

6 hrs/wk

THOMAS C BARRY

SECRETARY

Board

6 hrs/wk

JULIET ANAMMAH

DIRECTOR

Board

1 hrs/wk

BEVERLY ANDERSON

DIRECTOR

Board

1 hrs/wk

TS ANIL

DIRECTOR

Board

1 hrs/wk

BOB ANNIBALE

DIRECTOR

Board

1 hrs/wk

TITUS BRENNINKMEIJER

DIRECTOR

Board

1 hrs/wk

GINA HARMAN

DIRECTOR (AS OF 02/26/24)

Board

1 hrs/wk

BETH HURVITZ

DIRECTOR

Board

1 hrs/wk

TARA KENNEY

DIRECTOR

Board

1 hrs/wk

LINDA KIRKPATRICK

DIRECTOR

Board

1 hrs/wk

ELIZABETH MCCAUL

DIRECTOR

Board

1 hrs/wk

JOHN FISCHER

CIO

Staff

$422K

50 hrs/wk

VICTORIA WHITE

SENIOR VP

Staff

$333K

50 hrs/wk

BRANDIE CONFORTI

SENIOR VP

Staff

$311K

50 hrs/wk

MELISSA BAEZ

SENIOR VP

Staff

$293K

50 hrs/wk

CHRIS COXON

SENIOR VP

Staff

$281K

50 hrs/wk

NATASA GORONJA

SENIOR VP

Staff

$250K

50 hrs/wk

RAMON SOTO

VP

Staff

$221K

50 hrs/wk

AMEE PARBHOO

SENIOR VP

Staff

$27K

0

Independent contractors

ACCCION IMPACT MANAGEMENT

PORTFOLIO MANAGEMENT

$776K

MULTICULTURAL INSIGHTS

CONSULTANCY SERVICES

$410K

GRANT THORNTON LLP

AUDIT SERVICES

$224K

DIALOG CONCEPTS INC

PROFESSIONAL SERVICES

$187K

BPM LLP

CONSULTANCY SERVICES

$182K

Grants received

Showing 173 of 173

FromAmountPurposeYear
$2.8M
SMALL BUSINESS
2024
$2.4M
INCLUSIVE FINANCIAL SYSTEMS
2024
$600K
From Access to Resilience: Promoting the Growth of Small Businesses
2024
$531K
INCLUSIVE FINANCIAL SYSTEMS
2024
$250K
FINANCIAL INCLUSION WEEK 2024 AND ANNIVERSARY PLANNING PROGRAM
2024
$200K
CHARITABLE / GENERAL PURPOSE
2024
$150K
EMPLOYMENT & FINANCIAL INCLUSION
2024
$75K
TO SUPPORT GENERAL OPERATIONS
2024
$15K
INCLUSIVE FINANCIAL SYSTEMS
2024
$11K
GENERAL SUPPORT
2024
$10K
HUMAN SERVICE
2024
$10K
COMMUNITY & HUMAN SERVICES
2024
$8K
GENERAL SUPPORT
2024
$8K
GENERAL SUPPORT
2024
$6K
TO PROVIDE SUPPORT
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$5K
FOR OPERATIONS
2024
$2K
TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE
2024
$1K
GENERAL PURPOSES
2024
$926
General & Unrestricted
2024
$2.3M
SMALL BUSINESS
2023
$600K
From Access to Resilience: Promoting the Growth of Small Businesses
2023
$500K
INCREASING EFFICACY OF FOOD SUPPLY CHAINS INITIATIVE
2023
$280K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$223K
INTERNATIONAL
2023
$200K
CHARITABLE / GENERAL PURPOSE
2023
$154K
INTERNATIONAL, FOREIGN AFFAIRS
2023
$124K
For grant recipient's exempt purposes
2023
$100K
FINANCIAL SERVICES FOR THE POOR
2023
$80K
SUPPORT THE CONDUCT OF PARTICIPATORY RESEARCH TO ANALYSE THE LINK BETWEEN FINANCIAL INCLUSION AND ENHANCE COMMUNITY RESILIENCE AND SUCCESS RATES OF ECOSYSTEM-BASED ADAPTATION (EBA) APPROACHES
2023
$80K
SUPPORT THE CONDUCT OF PARTICIPATORY RESEARCH TO ANALYSE THE LINK BETWEEN FINANCIAL INCLUSION AND ENHANCE COMMUNITY RESILIENCE AND SUCCESS RATES OF ECOSYSTEM-BASED ADAPTATION (EBA) APPROACHES
2023
$50K
PROGRAM SUPPORT
2023
$15K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$11K
GENERAL SUPPORT
2023
$10K
HUMAN SERVICE
2023
$10K
CHARITABLE CONTRIBUTION
2023
$5K
TO PROVIDE SUPPORT
2023
$5K
GENERAL SUPPORT
2023
$5K
General Purpose
2023
$4K
CHARITABLE PURPOSES
2023
$2K
TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE
2023
$1K
TO PROVIDE SUPPORT FOR THE NEEDY
2023
$5.2M
SMALL BUSINESS
2022
$1M
TO SUPPORT REFUGEE WOMEN IN ETHIOPIA AND UGANDA TO IMPROVE THEIR INCOME GENERATING OPPORTUNITIES AND STRENGTHEN THEIR LIVELIHOODS
2022
$500K
FINANCIAL SERVICES FOR THE POOR
2022
$280K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$220K
GENERAL SUPPORT
2022
$200K
FURTHER THE CHARITY ACTIVITY
2022
$170K
INTERNATIONAL, FOREIGN AFFAIRS
2022
$167K
HUMAN SERVICES
2022
$100K
TO SUPPORT GENERAL OPERATIONS AND THE ACCION VENTURE LAB
2022
$96K
For grant recipient's exempt purposes
2022
$50K
PROGRAM SUPPORT
2022
$40K
GENERAL OPERATING SUPPORT
2022
$20K
HUMAN SERVICE
2022
$17K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$12K
CHARITABLE CONTRIBUTION
2022
$11K
GENERAL SUPPORT
2022
$10K
COMMUNITY & HUMAN SERVICES
2022
$10K
COMMUNITY IMPROVEMENT/CAPACITY BUILDING
2022
$5K
TO PROVIDE SUPPORT
2022
$5K
GENERAL PURPOSE
2022
$4K
CHARITABLE PURPOSES
2022
$3K
GENERAL OPERATIONS
2022
$2K
TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE
2022
$500
GENERAL OPERATING
2022
$200
MATCHING GIFTS
2022
$2M
SMALL BUSINESS/FSPS
2021
$503K
GENERAL SUPPORT
2021
$503K
GENERAL SUPPORT
2021
$174K
HUMAN SERVICES
2021
$107K
INTERNATIONAL, FOREIGN AFFAIRS
2021
$84K
For grant recipient's exempt purposes
2021
$84K
For grant recipient's exempt purposes
2021
$50K
SOCREMO Microfinance, Mozambique Fund
2021
$30K
GENERAL SUPPORT
2021
$21K
For recipient's exempt purpose
2021
$10K
COMMUNITY IMPROVEMENT/CAPACITY BUILDING
2021
$7K
UNRESTRICTED
2021
$4K
TO PROVIDE SUPPORT
2021
$4K
CHARITABLE PURPOSES
2021
$3.6M
FINANCIAL SECURITY / FSPS
2020
$475K
BUILDING GLOBAL LEADERSHIP IN FINANCIAL INCLUSION PROGRAM
2020
$450K
FINANCIAL SERVICES FOR THE POOR
2020
$250K
To support their research efforts on topics that include the growth of SMBs through access to finance, and identifying barriers to full participation in the capital ecosystem
2020
$200K
FURTHER THE CHARITY ACTIVITY
2020
$200K
GRANT TO SUPPORT DISASTER RESPONSE FOR COVID-19 RESPONSE FOR HEALTH AND HUMAN SERVICES
2020
$161K
INTERNATIONAL
2020
$150K
For grant recipient's exempt purposes
2020
$124K
INTERNATIONAL, FOREIGN AFFAIRS
2020
$75K
SOCREMO Microfinance in Mozambique
2020
$40K
GENERAL OPERATING SUPPORT
2020
$30K
General support
2020
$25K
CHARITABLE
2020
$20K
GENERAL OPERATIONS
2020
$12K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$11K
GENERAL CHARITABLE OPERATIONS
2020
$11K
TO SUPPORT KURT KOENGSFEST EDUCATION FUND, AND GENERAL OPERATING SUPPORT
2020
$10K
UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE.
2020
$10K
PUBLIC/SOCIETY BENEFIT
2020
$10K
CHARITABLE CONTRIBUTION
2020
$10K
COVID-19 Relief Support
2020
$7K
Unrestricted
2020
$5K
GENERAL OPERATIONS
2020
$4K
CHARITABLE PURPOSES
2020
$2K
Unrestricted Gift
2020
$2K
CHARITABLE AND EDUCATIONAL
2020
$2K
TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE
2020
$540
CHARITABLE/CIVIC
2020
$500
SUPPORT OF SEC. 501(C)(3) ORGANIZATION
2020
$500
INTERNATIONAL MICROFINANCE CHARITY
2020
$225
SUPPORT OF ORGANIZATION CHARITABLE ACTIVITIES
2020
$304K
INTERNATIONAL, FOREIGN AFFAIRS
2019
$96K
For grant recipient's exempt purposes
2019
$20K
PUBLIC/SOCIETY BENEFIT
2019
$10K
CHARITABLE CONTRIBUTION
2019
$7K
CHARITY ALLIANCE
2019
$7K
HUMAN SERVICES
2019
$278K
INTERNATIONAL, FOREIGN AFFAIRS
2018
$153K
For grant recipient's exempt purposes
2018
$65K
DAWN Microfinance in Myanmar program
2018
$40K
GENERAL OPERATING SUPPORT
2018
$40K
GENERAL OPERATING SUPPORT
2018
$30K
General Support
2018
$14K
Unrestricted
2018
$10K
UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE.
2018
$8K
GENERAL-UNRESTRICTED
2018
$7K
CHARITABLE CONTRIBUTION IN SUPPORT OF OVERALL MISSION
2018
$5K
GENERAL OPERATIONS
2018
$3K
ASSIST IN THE IMPROVEMENT OF SOCIAL, ECONOMIC, AND CULTURAL CONDITIONS IN THE WORLD.
2018
$2K
unrestricted gift
2018
$2K
SUPPORT OF SEC. 501(C)(3) ORGANIZATION
2018
$225
SUPPORT OF ORGANIZATION CHARITABLE ACTIVITIES
2018
$100
PROGRAM/OPERATING SUPPORT
2018
$100
UNRESTRICTED
2018
$276K
HEALTH & HUMAN SERVICES
2017
$76K
FINANCIAL SERVICES FOR THE POOR
2017
$30K
General Support
2017
$17K
PUBLIC, SOCIETAL BENEFIT
2017
$10K
PUBLIC/SOCIETY BENEFIT
2017
$5K
CHARITY ALLIANCE
2017

Funded by

$31.4M from 67 funders · 173 grants · 2017–2024

Mastercard Impact Fund

$16.0M · 5 grants · 2020–2024

Gates Foundation

$4.1M · 7 grants · 2017–2024

Donor Advised Charitable Giving Inc

$1.4M · 7 grants · 2017–2023

Citi Foundation

$1.2M · 3 grants · 2020–2024

The Coca-Cola Foundation Inc

$1.2M · 2 grants · 2023–2024

The Blackbaud Giving Fund

$1.0M · 2 grants · 2021

Conrad N Hilton Foundation

$1M · 1 grant · 2022

Hawk Rock Foundation

$800K · 4 grants · 2020–2024

Details

EIN132535763
NTEE codeQ320
Subsection03
Ruling date1965-08
Formed1965
Employees106
Volunteers3
ACCION INTERNATIONAL — Mission, Financials & Grants Received | Grantivo