ARAB GULF PROGRAMME FOR DEVELOPMENT

As filed

Subsection

04

NTEE code

Q30

Classification

3000

Street

C/O WOHABE LAW 515 MADISON AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• MICROFINANCE BANKS-A VISION OF COMBATING POVERTY. PROVIDE SUPPORT FOR MICROFINANCE BANKS ASSISTING THE POOR IN DEVELOPING COUNTRIES. BY PROVIDING BANKING SERVICES TO MARGINALIZED SEGMENTS AROUND THE GLOBE, SPECIFICALLY WOMEN, YOUTH, RURAL COMMUNITIES, AND SMALL TO MEDIUM SIZED ENTERPRISES, AGFUND HAS BECOME THE FIRST ORGANIZATION IN ARAB COUNTRIES WORLD TO ESTABLISH MICROFINANCE INSTITUTIONS FOR THOSE WITHOUT SUCH FINANCIAL RESOURCES. AGFUND'S MICROFINANCE SERVICE OFFERINGS INCLUDE LOANS, SAVINGS, DEPOSITS, CURRENT ACCOUNTS, HEALTH AND COOPERATIVE INSURANCE, REMITTANCES, AND CURRENCY EXCHANGE. OVER TIME, AGFUND'S MICROFINANCE OPERATIONS HAVE EXPANDED TO INCLUDE A TECHNICAL SUPPORT UNIT, WHICH PROVIDES A MEANS FOR SHARING EXPERIENCES BETWEEN MICROFINANCING INSTITUTIONS TO IMPROVE, MAKE KNOWN, AND IMPROVE UPON BEST PRACTICES.

  Expenses $700,000 · Grants $700,000

• ARAB OPEN UNIVERSITY. IN STRATEGIC PARTNERSHIP WITH THE BRITISH OPEN UNIVERSITY, CREATION AND SUPPORT FOR THE ARAB OPEN UNIVERSITY, A NON-PROFIT INSTITUTION OF HIGHER EDUCATION, TO PROVIDE SOPHISTICATED HIGHER EDUCATION TO THE LARGEST POSSIBLE NUMBER OF ARAB STUDENTS WHILE CONTRIBUTING TO THE DEVELOPMENT OF PRACTICAL SOLUTIONS TO ISSUES OF CONCERN TO THE ARAB COMMUNITIES. SUCH ISSUES INVOLVE UNEMPLOYMENT, INCREASING DEMAND FOR HIGHER EDUCATION, HELPING THE POOR TO GET THEIR RIGHTS, AND INCREASING THE ROLE OF ARAB WOMEN IN DEVELOPMENT MOBILITY.

  Expenses $2,361,250 · Grants $2,361,250

• OTHER INITIATIVES. LEAD INITIATIVES FOCUSED ON EARLY CHILDHOOD DEVELOPMENT, WOMEN'S EMPOWERMENT, YOUTH EMPOWERMENT, AND THE PROMOTION OF A CIVIL SOCIETY.

  Expenses $6,383,750 · Grants $6,383,750

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $124,323,993

  Expenses

  $20,486,580

  Contributions

  $0

  Grants paid

  $9,445,000

• 2023

  Revenue

  $24,942,163

  Expenses

  $17,624,431

  Contributions

  $0

  Grants paid

  $6,990,000

• 2022

  Revenue

  $63,016,234

  Expenses

  $15,322,792

  Contributions

  $0

  Grants paid

  $5,537,720

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $70,695,191

  Expenses

  $13,261,440

  Assets (EOY)

  $798,090,238

• 2020 · 990

  Revenue

  $55,793,875

  Expenses

  $13,212,397

  Assets (EOY)

  $699,706,501

• 2019 · 990

  Revenue

  $69,590,464

  Expenses

  $12,866,269

  Assets (EOY)

  $606,882,481

• 2018 · 990

  Revenue

  $63,099,515

  Expenses

  $14,191,570

  Assets (EOY)

  $519,491,304

• 2018 · 990

  Revenue

  $63,099,515

  Expenses

  $14,191,570

  Assets (EOY)

  $519,491,304

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• UNITED NATIONS DEVELOPMENT PROGRAMME

  $1,400,000

  2024 · PROG.SUPPORT

• UNITED NATIONS CHILDREN'S FUND (UNICEF)

  $1,000,000

  2023 · PROG.SUPPORT

• THE UNIVERSITY OF CHICAGO

  $650,000

  2024 · PROG.SUPPORT

• UNITED NATIONS CHILDREN'S FUND (UNICEF)

  $574,000

  2022 · PROG.SUPPORT

• The World Bank

  $400,000

  2023 · PROG.SUPPORT

• EDUCATION FOR EMPLOYMENT

  $200,000

  2024 · PROG.SUPPORT

• HELEN KELLER INTERNATIONAL

  $200,000

  2024 · PROG.SUPPORT

• INTERNATIONAL MEDICAL CORPS

  $150,000

  2022 · PROG.SUPPORT

• UNITED NATIONS CHILDREN'S FUND (UNICEF)

  $150,000

  2024 · PROG.SUPPORT

• UNITED NATIONS DEVELOPMENT Corporation

  $100,000

  2023 · PROG.SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files