-
Year, State Incorporated
1930, NY
-
-
Affiliates
Near East Foundation UK
Near East Foundation Belgium
NEF Global
-
Stated Purpose
"to build more sustainable, prosperous, and inclusive communities in the Middle East and Africa through education, community organizing, and economic development."
The Near East Foundation (NEF) reports it works with local partners across the Middle East, Africa, and the Caucasus to enable sustainable, community-led economic and social development. The organization's programs focus on inclusive economic development, climate resilient development, and peacebuilding and stabilization. Specifically, the program services offer microloan provisions for entrepreneurs, capacity building for local civil society organizations, support for small-scale enterprise creation and expansion, youth civic engagement, agricultural value chain development, market-based water, sanitation and hygiene, and natural resource management. In 2019, NEF reports it helped improve food security for 852,591 individuals, increased potable water access for 531,757 individuals, trained 7,295 individuals in financial literacy and business management, opened two new offices in Brussels and Washington, D.C., and established NEF Iraq to support post-conflict economic recovery.
For the year ended June 30, 2019, Near East Foundation's program expenses were:
Direct program services |
$13,299,159 |
Program administration |
$2,543,350 |
Total Program Expenses: |
$15,842,509 |
-
Chief Executive
Charles Benjamin, President
-
Compensation*
$249,340
-
Chair of the Board
Haig Mardikian
-
Chair's Profession / Business Affiliation
Owner, Haig G. Mardikian Enterprises
-
Board Size
14
-
Paid Staff Size
240
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Print advertisements (newspapers, magazines, etc.), Telephone appeals
Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $16,590,038, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Near East Foundation's audited financial statements - consolidated for the year ended June 30, 2019.
Source of Funds |
Government grants and contracts |
$15,058,400 |
Contributions |
$1,531,638 |
Investment income, net |
$277,877 |
Other income |
$35,565 |
Total Income |
$16,903,480 |
- Programs: 97%
- Administrative: 3%
- Fundraising: Less than 1%
Total Income |
$16,903,480 |
Program expenses |
$15,842,509 |
Fundraising expenses |
$9,816 |
Administrative expenses |
$629,586 |
Other expenses |
$0 |
Total expenses: |
$16,481,911 |
Income in Excess of Expenses |
$421,569 |
Beginning Net Assets |
$6,168,926 |
Other Changes In Net Assets |
$163,856 |
Ending Net Assets |
$6,754,351 |
Total Liabilities |
$4,504,725 |
Total Assets |
$11,259,076 |
Note: As noted in the above financial section "other changes in net assets" refers to a foreign currency translation adjustment.