| FORM 990, PART III, LINE 4A: |
Global Programs: three billion people are left out of or poorly served by the worlds formal financial sector. They struggle in or near poverty and lack the financial tools they need to send their children to school, launch new businesses, or manage their day-to-day lives. Accion is a global nonprofit committed to creating a financially inclusive world. Accion helps families and businesses reach their economic potential and build better lives. Our global programs include the Accion Global Advisory Solutions team, which partners with financial service providers around the world to better meet the needs of underserved individuals and small businesses. The advisory team leverages Accions global insights and provides strategic and operational support in growth strategy and planning, customer strategy, digital channels, and other core processes that maximize the impact on and for clients. The advisory team also helps its partners develop better, more affordable financial products and services for underserved clients. |
| FORM 990, PART III, LINE 4B: |
Global Investments: Accion invests in the products and services that benefit the worlds three billion financially underserved people, catalyzing and scaling innovation to address global need. By supporting inclusive fintech startups, microfinance institutions, and other financial service providers, providing them with high-caliber governance through board oversight, and/or advising on strategic and operational challenges, we create well-run, mission-driven, and efficient organizations that create demonstration models which encourage others to work toward a financially inclusive world. Accions seed-stage impact initiative, Accion Venture Lab, invests capital in, and provides support to, innovative fintech startups that increase access to, improve the quality of, or reduce the cost of financial services for the underserved at scale. |
| FORM 990, PART III, LINE 4C: |
Center For Financial Inclusion: launched in 2008, the Center for Financial Inclusion at Accion (CFI) is an action-oriented think tank that engages and challenges the industry to better serve, protect, and empower clients. It develops insights, advocates on behalf of clients, and collaborates with stakeholders to achieve a comprehensive vision for financial inclusion. CFI advances financial inclusion through the production of data-driven research and analysis. In 2019, CFI published the "Handbook on Consumer Protection for Inclusive Finance" with updated and revised guidance for consumer financial protection regulators. CFI also led research in Rwanda to solicit input from low-income clients using digital financial services and assess the prevalence of consumer protection problems among these clients. The project served as a catalyst to improve client protection practices in ways that are grounded in client feedback. |
| FORM 990, PART III, LINE 4D: |
Education and Communication: Accions communications articulate the need to create a financial sector that works for everyone, illustrate the human needs that financial services address, and show how financial inclusion accelerates both social and economic progress. In 2019, we worked with partners to launch the Inclusive Fintech 50 competition, which elevates promising early-stage fintechs driving financial inclusion and resilience around the globe. In its first year, the initiative attracted eligible applications from 400 early-stage fintechs. Through an independent judging panel and selection process, the initiative boosts the visibility of these startups among investors and partners who can help them scale to reach more of the worlds 3 billion financially underserved people. |
| FORM 990, Part VI Section A Line 1a: |
THE EXECUTIVE COMMITTEE HAS BEEN DELEGATED AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD OF DIRECTORS. |
| FORM 990, Part VI Section A Line 11b: |
PRIOR TO THE FILING OF THE FORM 990, THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS RECEIVES THE FORM 990 FOR REVIEW. EACH MEMBER OF THE BOARD OF DIRECTORS SUBSEQUENTLY RECEIVES A COPY OF THE REVIEWED FORM 990 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 A 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 Line 19: |
ACCION INTERNATIONAL'S AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, Part XI Line 9: |
Equity in income of equity investments $34,040,444 Currency gain (loss) on consolidation 137 ROUNDING 1 Total Other Changes in net Assets or Fund Balances $34,040,582 |
Attach to Form 990 or 990-EZ.