| Entity | Document Type | Tax ID |
|---|---|---|
| Accion International & Subsidiaries | Consolidated Audited Financial Statements | Multiple |
| Accion International | IRS Form 990 | 13-2535763 |
|
Entity: Accion International & Subsidiaries Document Type: Consolidated Audited Financial Statements Tax ID: Multiple |
|
Entity: Accion International Document Type: IRS Form 990 Tax ID: 13-2535763 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Esteban Altschul | COO | $697,123 |
| 2 | Michael Schlein | CEO | $597,531 |
| 3 | John Fischer | CIO | $410,129 |
|
1 Name: Esteban Altschul Title: COO Compensation: $697,123 |
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2 Name: Michael Schlein Title: CEO Compensation: $597,531 |
|
3 Name: John Fischer Title: CIO Compensation: $410,129 |
CharityWatch's rating of Accion International also includes the financial activities of the subsidiaries included in the Accion audited consolidated financial statements for the year ended December 31, 2023. In addition to the U.S.-based Accion International, the accounts of 13 related entities are included in the Accion 2023 audited consolidated financial statements, according to Note 2, Principles of Consolidation. |
According to the Accion International consolidated audit of December 31, 2023 (Note 2 re: Donated Services), Accion received in-kind donated services in 2023 on which it placed a total value of $637,602. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Accion International consolidated audit of December 31, 2023 (Note 12, Subsequent Events): "Management has reviewed the Organization's operations for potential disclosure or financial statement impacts related to events occurring after December 31, 2023 through August 9, 2024, the date of issuance of these consolidated financial statements. On April 4, 2024, Accion had successfully transferred its Accion Venture Lab Holdings, LLC investment warehousing portfolio to Accion Venture Lab Fund II, LP. As a result of this transaction, Accion received a total payment of $14,773,169. This payment comprised the purchase price of $13,749,817, an interest payment of $964,540, and reimbursable expenses totaling $58,813." |
According to the Accion International 2023 tax filing, Accion reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 4a): "Mayada El-Zoghbi received severance payments in 2023 for $154,172." [Mayada El-Zoghbi is reported as "Senior VP;" their reported total compensation in 2023 is $393,912 (IRS Form 990, Part VII, Section A).] Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 7): "Employees identified in Schedule J, Part II (A) [Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees compensated more than $150,000], 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."
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