Sanabel Microfinance Of The Arab Countries Inc
- Assets
- $483.2k
- Revenue
- $39.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-1653634
Organization Overview
Sanabel Microfinance Of The Arab Countries Inc is located in null. The organization was established in 2006. According to its NTEE Classification (Q32) the organization is classified as: International Economic 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. Sanabel Microfinance Of The Arab Countries Inc 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 12/2021, Sanabel Microfinance Of The Arab Countries Inc generated $39.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.4%) each year. All expenses for the organization totaled $229.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AND BUILDING CAPACITY OF THE MICROFINANCE SECTOR FOR THE PROVISION OF SUSTAINABLE FINANCIAL INCLUSION TO LOW INCOME PEOPLE IN ARAB COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF SANABEL'S CORE ACTIVITIES SINCE ITS INCEPTION HAS BEEN THE IMPLEMENTATION OF A QUALITY TRAINING PROGRAM FOR MICROFINANCE PRACTITIONERS WHICH HAS BEEN WIDELY DISSEMINATED THROUGHOUT THE ARAB REGION. AS PART OF THIS INITIATIVE, A NUMBER OF TRAINING COURSES WERE TRANSLATED AND ADAPTED TO THE REGION AND A CADRE OF TRAINERS WERE TRAINED AND CERTIFIED IN THE DELIVERY OF A RANGE OF MICROFINANCE COURSES. SANABEL'S CURRENT TRAINING AND CAPACITY BUILDING PROGRAM INCLUDES TRAINING OF TRAINERS (TOTS) COURSES, WHICH PROVIDES PARTICIPANTS WITH THE ABILITY TO DISSEMINATE THEIR KNOWLEDGE TO OTHER INSTITUTIONS AFTER BEING CERTIFIED BY SANABEL. ADDITIONALLY, SANABEL IS COMMITTED TO OFFERING TOTS IN ARABIC IN AN EFFORT TO INCREASE THE POOL OF QUALIFIED EXPERIENCED TRAINERS. THE TRAINING PROGRAM SEEKS TO PROVIDE THE MICROFINANCE SECTOR WITH DIFFERENT MEANS OF DEVELOPMENT AND TO ENSURE BETTER OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Youssef Bencheqroun Chairperson | Trustee | 2 | $0 |
Reham Farouk Vice Chairperson | Trustee | 2 | $0 |
Ali Abdel Jabbar Treasurer | Trustee | 2 | $0 |
Adill Bala Board Secretariat | Trustee | 2 | $0 |
Bachar Kouwatly Board Memeber | Trustee | 2 | $0 |
Hassan Faried Board Memeber | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,388 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,388 |
| Total Program Service Revenue | $3,360 |
| Investment income | $246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,985 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $6,715 |
| Total functional expenses | $229,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $834 |
| Accounts receivable, net | $48,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,172 |
| Accounts payable and accrued expenses | $78,691 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $0 |
| Other liabilities | $14,816 |
| Total liabilities | $113,507 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $369,665 |
| Total liabilities and net assets/fund balances | $483,172 |
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