Near East Foundation
- Assets
- $16.2m
- Revenue
- $15.5m
- Investments
- $326.8k
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 09/1952
- Data as of
- 06/2022
- EIN
- 13-1624114
Organization Overview
Near East Foundation is located in Syracuse, NY. The organization was established in 1952. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Near East Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Near East Foundation generated $15.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $15.5m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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
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.
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shant Mardirossian Director | Trustee | 1 | $0 |
Haig Mardikian Chair | OfficerTrustee | 1 | $0 |
Johnson Garrett Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Linda Jacobs Director | Trustee | 1 | $0 |
Charles Benjamin CEO | OfficerTrustee | 40 | $252,224 |
Mona Eraiba Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,092,978 |
| Investment income | $174,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,526,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,470,389 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $843,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,256,500 |
| Pension plan accruals and contributions | $98,624 |
| Other employee benefits | $1,226,777 |
| Payroll taxes | $57,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,703 |
| Fees for services: Accounting | $196,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,991 |
| Fees for services: Other | $452,826 |
| Advertising and promotion | $0 |
| Office expenses | $36,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $409,425 |
| Travel | $557,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,875 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,527,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,519,222 |
| Savings and temporary cash investments | $450,789 |
| Pledges and grants receivable | $1,145,877 |
| Accounts receivable, net | $169,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $367,472 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $195,196 |
| Investments—publicly traded securities | $5,853,093 |
| Investments—other securities | $326,832 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,218,674 |
| Accounts payable and accrued expenses | $877,128 |
| Grants payable | $0 |
| Deferred revenue | $2,003,152 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $5,993,250 |
| Other liabilities | $250,223 |
| Total liabilities | $9,123,753 |
| Net assets without donor restrictions | $1,603,423 |
| Net assets with donor restrictions | $5,491,498 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,094,921 |