Totals
- Total revenue
- $20,135,222
- Total expenses
- $19,135,786
- Contributions and grants received
- $19,689,746
- Grants paid
- $2,813,505
- Program service revenue
- $0
- Investment income
- $515,102
- Other revenue
- -$69,626
- Total assets, end of year
- $28,515,069
- Total liabilities, end of year
- $20,059,511
- Net assets or fund balances, end of year
- $8,455,558
- Program services expenses (Part IX)
- $17,412,791
- Management and general expenses
- $964,525
- Fundraising expenses
- $758,470
- Program service expenses (Part III)
- $17,412,791
Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$17,627,194
-
1f · All other contributions, gifts and grants
$2,062,552
-
1g · Noncash contributions included above
$9,961
-
3 · Investment income
total $447,157 · excluded $447,157
-
7a · Gross sales of assets other than inventory
securities $954,762
-
7b · Less cost or other basis and sales expenses
securities $886,817
-
7c · Gain or loss
securities $67,945
-
7d · Net gain or loss
total $67,945 · excluded $67,945
-
11a · Other revenue: GAIN ON CURRENCY EXCHANGE RATE OP
total $26,565 · excluded $26,565
-
11b · Other revenue: MISC. INCOME
total $4,806 · excluded $4,806
-
11c · Other revenue: FOREIGN CURRENCY EXCHANGE GAIN
total -$100,997 · excluded -$100,997
-
11e · Other revenue, total
-$69,626
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $2,813,505 · program services $2,813,505
-
5 · Compensation of officers, directors and key employees
total $760,459 · program services $643,107 · management and general $66,864 · fundraising $50,488
-
7 · Other salaries and wages
total $5,384,940 · program services $4,546,447 · management and general $476,077 · fundraising $362,416
-
8 · Pension plan contributions
total $111,901 · program services $96,372 · management and general $9,236 · fundraising $6,293
-
9 · Other employee benefits
total $1,831,301 · program services $1,577,160 · management and general $151,155 · fundraising $102,986
-
10 · Payroll taxes
total $138,592 · program services $119,359 · management and general $11,439 · fundraising $7,794
-
11b · Fees: legal
total $80,568 · program services $68,192 · management and general $3,247 · fundraising $9,129
-
11c · Fees: accounting
total $219,506 · program services $185,786 · management and general $8,847 · fundraising $24,873
-
11f · Fees: investment management
total $39,431 · management and general $39,431
-
11g · Fees: other
total $523,832 · program services $443,362 · management and general $21,114 · fundraising $59,356
-
13 · Office expenses
total $57,957 · program services $49,054 · management and general $2,336 · fundraising $6,567
-
16 · Occupancy
total $485,744 · program services $411,126 · management and general $19,578 · fundraising $55,040
-
17 · Travel
total $841,302 · program services $690,784 · management and general $138,168 · fundraising $12,350
-
22 · Depreciation, depletion and amortization
total $101,669 · program services $101,669
-
24a · Other expenses: PROGRAM ACTIVITIES
total $4,764,946 · program services $4,741,725 · fundraising $23,221
-
24b · Other expenses: SUB-AWARDS
total $492,800 · program services $492,800
-
24c · Other expenses: OTHER OPERATING EXPENSE
total $293,710 · program services $248,590 · management and general $11,839 · fundraising $33,281
-
24d · Other expenses: EQUIPMENT EXPENSE
total $193,623 · program services $183,753 · management and general $5,194 · fundraising $4,676
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,519,222 · end of year $13,289,611
-
2 · Savings and temporary cash investments
beginning of year $450,789 · end of year $2,638,684
-
3 · Pledges and grants receivable
beginning of year $1,145,877 · end of year $2,800,554
-
4 · Accounts receivable
beginning of year $169,393 · end of year $206,722
-
7 · Other notes and loans receivable
beginning of year $367,472 · end of year $2,113,591
-
9 · Prepaid expenses and deferred charges
beginning of year $195,196 · end of year $241,368
-
10a · Land, buildings and equipment: cost or other basis
$1,350,264
-
10b · Land, buildings and equipment: accumulated depreciation
$1,228,217
-
10c · Land, buildings and equipment, net
beginning of year $190,800 · end of year $122,047
-
11 · Investments: publicly traded securities
beginning of year $5,853,093 · end of year $6,258,530
-
12 · Investments: other securities
beginning of year $326,832 · end of year $292,179
-
15 · Other assets
beginning of year $0 · end of year $551,783
-
17 · Accounts payable and accrued expenses
beginning of year $877,128 · end of year $2,080,494
-
19 · Deferred revenue
beginning of year $2,003,152 · end of year $7,614,373
-
24 · Unsecured notes and loans payable
beginning of year $5,993,250 · end of year $9,824,991
-
25 · Other liabilities
beginning of year $250,223 · end of year $539,653
-
27 · Net assets without donor restrictions
beginning of year $1,603,423 · end of year $1,160,702
-
28 · Net assets with donor restrictions
beginning of year $5,491,498 · end of year $7,294,856
Mission and programs · 2022
Mission
TO REALIZE MORE PROSPEROUS, INCLUSIVE, AND RESILIENT COMMUNITIES, THE NEAR EAST FOUNDATION (NEF) WORKS WITH LOCAL PARTNERS TO ENABLE INNOVATIVE, SUSTAINABLE, COMMUNITY-LED ECONOMIC AND SOCIAL DEVELOPMENT ACROSS THE MIDDLE EAST, AFRICA, AND THE CAUCASUS. WE SUPPORT MARGINALIZED PEOPLE AND COMMUNITIES TO CULTIVATE NEW SKILLS AND TO ACCESS RESOURCES, NETWORKS, AND OPPORTUNITIES TO SHAPE A FUTURE WHERE THEY CAN OVERCOME VULNERABILITY TO POVERTY, ECONOMIC AND SOCIAL INEQUITY, CONFLICT, CLIMATE CHANGE AND ENVIRONMENTAL DEGRADATION.
Activities or mission (Part I)
THE NEAR EAST FOUNDATION HELPS BUILD MORE SUSTAINABLE, PROSPEROUS, AND INCLUSIVE COMMUNITIES IN THE MIDDLE EAST AND AFRICA THROUGH EDUCATION, COMMUNITY ORGANIZATION, AND ECONOMIC DEVELOPMENT.
-
PROGRAMS TO ESTABLISH A REVOLVING CREDIT FUND TO ADVANCE THE GROWTH OF MICRO-ENTERPRISES OWNED AND OPERATED BY REFUGEES AND VULNERABLE JORDANIANS THROUGH LOANS AND NON-FINANCIAL SERVICES TAILORED TO THE CONDITIONS OF VULNERABLE ENTREPRENEURS
Expenses $3,849,262
-
PROGRAMS TO CREATE SUSTAINABLE LIVELIHOODS THROUGH MICROENTERPRISE DEVELOPMENT AND BUSINESS TRAINING. NEF WORKS TO CREATE PERMANENT JOBS AND GENERATE INCOME FOR WOMEN ENTREPRENEURS. NEF PROVIDES MATERIAL ASSISTANCE, TARGETED TRAINING AND OUTREACH SUPPORT AND MENTORING FOR REFUGEES AND THEIR HOST COUNTRY NEIGHBORS TO CREATE SUSTAINABLE LIVELIHOODS.
Expenses $3,686,629 · Grants $2,813,505
-
PROGRAMS TO REDUCE THEIR RISK OF MORBIDITY AND MORTALITY THROUGH IMPROVED ACCESS TO CLEAN WATER, ADEQUATE SANITATION, GOOD HYGIENE IN SUDAN'S CENTRAL DARFUR & SOUTH KORDOFAN STATE ACCESS TO CLEAN WATER, ADEQUATE SANITATION, GOOD HYGIENE IN SUDAN'S CENTRAL DARFUR & SOUTH KORDOFAN STATE
Expenses $2,208,208
-
Expenses $7,668,692
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shant MardirossianSHANT MARDIROSSIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Haig MardikianHAIG MARDIKIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnson GarrettJOHNSON GARRETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Linda JacobsLINDA JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mona EraibaMONA ERAIBA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Simona CeciSIMONA CECI
CO-PRESIDENT
- Total calculated
- $253,479
- From this org
- $235,184
- From related orgs
- $0
- Other
- $18,295
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,184
- Bonus
- $0
- Other
- $0
- Deferred
- $18,295
- Nontaxable benefits
- $0
- Filer's total
- $253,479
-
Patrick MalkassianPATRICK MALKASSIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AshbyJOHN ASHBY
CO-PRESIDENT & CFO
- Total calculated
- $255,410
- From this org
- $237,115
- From related orgs
- $0
- Other
- $18,295
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $237,115
- Bonus
- $0
- Other
- $0
- Deferred
- $18,295
- Nontaxable benefits
- $0
- Filer's total
- $255,410
-
Carol B AslanianCAROL B ASLANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey HabibJEFFREY HABIB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nina Bogosian QuigleyNINA BOGOSIAN QUIGLEY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rana GillmonRANA GILLMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Osamah KhalilOSAMAH KHALIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randa El-Sayed HaffarRANDA EL-SAYED HAFFAR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Myrna BarakatMYRNA BARAKAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elias HabayebELIAS HABAYEB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily RosenbergEMILY ROSENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rabih YazbeckRABIH YAZBECK
VICE PRESIDENT OF PROGRAMS
- Total calculated
- $149,705
- From this org
- $0
- From related orgs
- $137,212
- Other
- $12,493
- Hours/week
- 1 + 40 related
-
Ban SarafBAN SARAF
PROGRAM DIRECTOR
- Total calculated
- $156,478
- From this org
- $139,287
- From related orgs
- $0
- Other
- $17,191
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,287
- Bonus
- $0
- Other
- $0
- Deferred
- $11,143
- Nontaxable benefits
- $6,048
- Filer's total
- $156,478
-
Justin PritchardJUSTIN PRITCHARD
ASSOCIATE VP OF FINANCE
- Total calculated
- $148,126
- From this org
- $123,972
- From related orgs
- $0
- Other
- $24,154
- Hours/week
- 40
-
Lezlie BlaskiLEZLIE BLASKI
DIRECTOR OF HUMAN RESOURCE
- Total calculated
- $128,641
- From this org
- $119,759
- From related orgs
- $0
- Other
- $8,882
- Hours/week
- 40
-
Jennifer AbdellaJENNIFER ABDELLA
PROGRAM DIRECTOR
- Total calculated
- $140,489
- From this org
- $123,518
- From related orgs
- $0
- Other
- $16,971
- Hours/week
- 40
-
Charles BenjaminCHARLES BENJAMIN
FORMER CEO
- Total calculated
- $233,184
- From this org
- $203,340
- From related orgs
- $0
- Other
- $29,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,340
- Bonus
- $0
- Other
- $0
- Deferred
- $16,352
- Nontaxable benefits
- $13,492
- Filer's total
- $233,184
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NEFDEV LLC
INACTIVE · NY
Directly controlled by NEAR EAST FOUNDATION
-
NEAR EAST FOUNDATION UK LIMITED
TO BUILD COMMUNITIES IN MIDDLE EAST/AFRICA THROUGH EDUCATION AND DEVELOPMENT · UK · income $7,772,203 · assets $12,814,544
Directly controlled by NEAR EAST FOUNDATION
-
NEF BELGIUM SA
TO BUILD COMMUNITIES IN MIDDLE EAST/AFRICA THROUGH EDUCATION AND DEVELOPMENT · BE · income $5,296,745 · assets $7,349,024
Directly controlled by NEAR EAST FOUNDATION
-
NEF GLOBAL LLC
TO OBTAIN US GOVERNMENT SMALL BUSINESS CONTRACTS FOR NEF ORGANIZATION. · NY
Directly controlled by NEAR EAST FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411239349300026
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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