TUNISIAN-AMERICAN ENTERPRISE FUND

As filed

Subsection

03

NTEE code

Q33

Classification

1000

Street

2000 PENNSYLVANIA AVE NW STE 7000

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).

Other organizations at this address

14 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 7000). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• AMERICAN JOURNAL OF PREVENTIVE MEDICINE

  EIN 52-1385415

• ASSOCIATION FOR PREVENTION TEACHING AND RESEARCH

  EIN 52-1314223

• COMPASS PRO BONO

  EIN 26-3724642

• FOUNDATION FOR DIGITAL NEUROSURGERY

  EIN 41-4743152

• FREEDOM NETWORK USA INC

  EIN 81-0758952

• GEORGE WASHINGTON SOCIALLY RESPONSIBLE INVESTMENT FUND

  EIN 84-2651609

• INSTITUTE FOR SAFER TRUCKING

  EIN 84-4943816

• LACROSSE THE NATIONS

  EIN 27-0604097

• PULITZER CENTER ON CRISIS REPORTING

  EIN 27-0458242

• QUINCY INSTITUTE FOR RESPONSIBLE STATECRAFT

  EIN 84-2285143

• SURGEONS DATA SCIENCE COLLECTIVE INC

  EIN 88-1233001

• THE ALBERT B SABIN VACCINE INSTITUTE INC

  EIN 06-1389829

• THE FORUM FOR YOUTH INVESTMENT

  EIN 52-2242472

• WASHINGTON INNER CITY LACROSSE

  EIN 52-2272259

Mission and programs · 2024

• IN 2024, TAEF CONTINUED OUR WORK OF FINDING AND INVESTING IN TUNISIA'S MOST PROMISING SMALL AND MEDIUM SIZED ENTREPRENEURS. WE WORKED CLOSELY WITH EXISTING INVESTEES WHILE SEEKING NEW OPPORTUNITIES FOR GROWTH. TAEF INVESTMENT STRATEGY TAEF'S TAILORS PROVEN, INNOVATIVE FINANCING MECHANISMS TO MEET THE NEEDS OF TUNISIAN ENTREPRENEURS AND TO ADDRESS GAPS IN THE COUNTRY'S SMALL AND MEDIUM SIZED ENTERPRISES (SME) FINANCING ENVIRONMENT. TAEF SEEKS TALENTED ENTREPRENEURS AND BUSINESS PEOPLE AS PARTNERS WHO BRING STRONG EXPERIENCE, COMMITMENT AND VISION FOR GROWTH TO THEIR COMPANIES. TAEF INVESTS IN SMES THROUGHOUT THEIR LIFE CYCLE FROM START-UP TO EARLY GROWTH AND MATURITY UP TO SUCCESSION. WE INVEST: - DIRECTLY IN SMES THROUGH TWO PLATFORMS: OUR OWN DEDICATED FUND FOR SMES IN GROWTH STAGE (TASME), AND OUR SEARCH FUND FOR SMES IN SUCCESSION STAGE (TASF) - IN PARTNERSHIP WITH TUNISIAN INVESTMENT FIRMS AS A COMPLEMENT TO TASME'S WORK AND A WAY TO PROVIDE EQUITY OR PRIVATE DEBT INFUSIONS TO BUSINESSES - IN MICROFINANCE INSTITUTIONS THAT REACH THE SMALLEST OF TUNISIA'S BUSINESS OWNERS - IN DIGITAL TECHNOLOGY AND KNOWLEDGE-BASED START-UPS THROUGH AN INTEGRATED PLATFORM: AN ACCELERATOR FLAT6 LABS AND VENTURE CAPITAL INVESTMENT VEHICLE ANAVA SEED FUND. TASME: MEZZANINE & ROYALTY BASED FINANCING FOR TUNISIAN SMES TASME OFFERS UNIQUE FINANCING TO TUNISIAN SMES WITH A COMBINATION OF DEBT AND EQUITY TAILORED TO THEIR NEEDS. TASME SEEKS WELL RUN COMPANIES IN VALUE-ADDING SECTORS EXPECTED TO HAVE STRONG GROWTH. THROUGH TASME, TAEF HAS CREATED A UNIQUE FINANCING PLATFORM, BUILT A TALENTED TEAM, AND EXPANDED TUNISIA'S DOMESTIC SME FINANCING. AT THE END OF 2024, TASME HAD INVESTED IN 21 COMPANIES IN A LARGE VARIETY OF SECTORS WITH INVESTMENT TICKETS AVERAGING $1.1M. THE TEAM ALSO CONTINUED TO WORK CLOSELY WITH EXISTING PORTFOLIO COMPANIES AS THEY NAVIGATE CHALLENGES AND PREPARE FOR EXITS. TASF: TUNISIA'S FIRST SEARCH FUND TAEF ADAPTED THE US SEARCH FUND MODEL TO TUNISIA TO MATCH THE NEEDS OF MATURE BUSINESS OWNERS LOOKING FOR SUCCESSION PLANS FOR THEIR COMPANIES WITH SEASONED MANAGERS WHO HAVE THE SKILLS TO GROW THE BUSINESS. TASF CATALYZES ENTREPRENEURSHIP THROUGH ACQUISITION. OUR FIRST SEARCHER COMPLETED THE ACQUISITION OF PROPANN, A COMPANY THAT PRODUCES MANUFACTURED BOARD FOR FURNITURE AND INTERIOR FINISHING IN 2019. SINCE ACQUISITION, HE HAS UPGRADED AND OPTIMIZED OPERATIONS, REFINED THE COMPANY'S STRATEGY WITH ATTENTION TO PRODUCT MIX, DEVELOPED NEW SOURCES FOR RAW MATERIALS, AND WORKED ON CREATING NEW MARKETS LOCALLY AND INTERNATIONALLY. IN 2024, PROPANN AND ITS STRONG MANAGEMENT CONTINUED TO PERFORM WELL IN A CHALLENGING ENVIRONMENT.FUND OF FUNDS INVESTMENTS: STRENGTHENING TUNISIA'S INVESTMENT ECOSYSTEM TAEF BELIEVES THAT A STRONG SME FINANCING ECOSYSTEM MADE UP OF DIVERSIFIED INVESTMENT VEHICLES WITH TALENTED MANAGEMENT TEAMS IS ESSENTIAL TO DRIVE ECONOMIC GROWTH AND GENERATE IMPACT. BY INVESTING ALONGSIDE OTHERS, TAEF HAS LEVERAGED OUR FUNDS TO ACHIEVE GREATER IMPACT AND TO EXPAND FINANCING OPTIONS AVAILABLE TO TALENTED ENTREPRENEURS INVESTING IN GROWTH. TUNINVEST CROISSANCE (TC), A SINGLE COUNTRY FUND CREATED IN 2013, PROVIDED GROWTH CAPITAL TO 10 TUNISIAN SMES. FULLY INVESTED SINCE 2016, TC WORKS ACTIVELY WITH INVESTEES AS THEY MOVE TOWARDS EXIT. AT THE END OF 2024, FIVE EXITS HAD BEEN FINALIZED, THREE ARE PLANNED FOR EXIT IN 2025, AND ONE FOR LATER IN 2026. INMA HOLDING, A NEW FUND, WAS SEEDED BY TAEF IN 2017 TO EXPAND SME INVESTMENT OPTIONS IN TUNISIA. BY THE END OF 2024, INMA HOLDING HAD INVESTED IN 5 COMPANIES AND SUCCESSFULLY EXITED FROM ONE, GENERATING A 13.9% IRR. TAEF EXPECTS TO CONTINUE TO SUPPORT THESE FUND INVESTMENTS AS THEY EXIT INITIAL INVESTMENTS, MANAGE ONGOING ACTIVE INVESTMENTS, AND DEVELOP MANAGERIAL TALENT. INMA FINANCE: TUNISIA'S FIRST PRIVATE DEBT FUND TAEF CO-CREATED INMA FINANCE, THE FIRST PRIVATE DEBT VEHICLE IN TUNISIA. THIS FUND WAS CREATED IN DIRECT RESPONSE TO SME'S EXPRESSED NEEDS FOR AN ALTERNATIVE TO THE TRADITIONAL BANKING SYSTEM. INMA FINANCE SEEKS INVESTMENTS IN STABLE AND GROWING COMPANIES THAT ARE CREATING VALUE IN TUNISIA IN 2024 INMA FINANCE HAD LOANS TO THREE COMPANIES: TWO MICROFINANCE INSTITUTIONS AND A REAL ESTATE DEVELOPMENT COMPANY, WHICH NEGOTIATED A SECOND REVOLVING LOAN UPON TERMINATION OF THE FIRST. INMA FINANCE ALSO CONTINUED TO SOURCE NEW INVESTMENTS.MICROFINANCE: EXPANDING ACCESS TO FINANCE FOR MICRO-ENTREPRENEURS AAN EARLY SUPPORTER OF MICROFINANCE INSTITUTIONS IN TUNISIA, TAEF VIEWS SUPPORT OF THESE INSTITUTIONS AS AN EFFECTIVE WAY TO FILL A CRITICAL GAP IN ACCESS TO FINANCE FOR MICRO ENTERPRISES. OUR GOAL IS TO SUPPORT STRONG AND RESILIENT INSTITUTIONS THAT PROVIDE NATION-WIDE ACCESS TO FINANCE TO TUNISIAN MICRO-ENTREPRENEURS. TAEF DELIBERATELY INVESTED IN MFIS SERVING DIFFERENT PARTS OF THE MICROENTERPRISE ECOSYSTEM WITH AVERAGE LOANS RANGING FROM TND 3,000 (ENDA) TO TND 3,000 - 40,000 (DAAM). IN 2024, TAEF CONTINUED ITS ACTIVE INVOLVEMENT WITH DAAM AND HAD BEGUN EXIT NEGOTIATIONS WITH OTHER SHAREHOLDERS. FLAT6LABS & ANAVA SEED FUND: INTEGRATED VC PLATFORM DEDICATED TO STARTUPS TAEF WAS AN ANCHOR INVESTOR IN BRINGING THIS INNOVATIVE AND PROVEN START-UP ACCELERATOR AND EARLY-STAGE INVESTOR MODEL TO TUNISIA. SINCE INCEPTION, TEN CYCLES OF DIGITAL COMPANIES, A TOTAL OF 75 STARTUPS, HAVE BEEN SELECTED FROM HUNDREDS OF APPLICANTS TO COMPLETE THE ACCELERATOR PROGRAM AND PRESENT THEIR COMPANIES TO INVESTORS AT A DEMO DAY. AT THE END OF 2024, 44% OF THE START-UPS HAD RAISED ADDITIONAL FOLLOW-ON FUNDING, THUS LEVERAGING ANAVA SEED CAPITAL'S INVESTMENT BY TND 68 M. IN ADDITION TO FINANCIAL RESOURCES, FLAT6LABS LEVERAGES ONE OF TUNISIA'S GREATEST ASSETS, ITS TALENTED AND RESOURCEFUL YOUTH.

  Expenses $697,165 · Grants $273,504 · Revenue $3,255

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

  -$215,168

  Expenses

  $1,513,230

  Contributions

  $274,920

  Grants paid

  $273,504

• 2023

  Revenue

  $3,198,968

  Expenses

  $1,514,251

  Contributions

  $2,494,083

  Grants paid

  $230,686

• 2022

  Revenue

  $2,599,723

  Expenses

  $3,381,927

  Contributions

  $2,067,702

  Grants paid

  $292,705

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

  $14,879,771

  Expenses

  $4,232,633

  Assets (EOY)

  $86,087,266

• 2020 · 990

  Revenue

  $6,858,231

  Expenses

  $2,911,043

  Assets (EOY)

  $75,042,874

• 2019 · 990

  Revenue

  $46,407,297

  Expenses

  $1,698,429

  Assets (EOY)

  $70,399,812

• 2018 · 990

  Revenue

  $8,985,584

  Expenses

  $2,323,848

  Assets (EOY)

  $23,618,581

• 2017 · 990

  Revenue

  $7,581,079

  Expenses

  $1,213,813

  Assets (EOY)

  $16,566,824

• 2016 · 990

  Revenue

  $8,779,053

  Expenses

  $1,249,135

  Assets (EOY)

  $10,458,680

• 2015 · 990

  Revenue

  $1,840,891

  Expenses

  $470,109

  Assets (EOY)

  $2,846,762

• 2014 · 990

  Revenue

  $1,478,668

  Expenses

  $421,684

  Assets (EOY)

  $1,502,756

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

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

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.

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