The Azraq Education And Community Fund Inc, operating under the name The Syria Fund, is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Syria Fund 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 12/2022, Syria Fund generated $426.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $515.1k during the year ending 12/2022. 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
OUR MISSION IS TO RESTORE DIGNITY AND ENRICH THE LIVES OF SYRIAN REFUGEES AND OTHER VULNERABLE FAMILIES LIVING IN THE RURAL AND UNDERSERVED COMMUNITY OF AZRAQ, JORDAN BY PROVIDING INNOVATIVE EDUCATION OPPORTUNITIES AND CRITICAL HUMANITARIAN AID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AZRAQ EDUCATION CENTER: FOUNDED IN 2014, THE AZRAQ EDUCATION CENTER IS AN ACADEMIC ENHANCEMENT PROGRAM PROVIDING REMEDIAL EDUCATION AND ENRICHMENT OPPORTUNITIES FOR SYRIAN REFUGEES AND VULNERABLE JORDANIANS IN SOUTH AZRAQ, JORDAN. THE AZRAQ CENTER HOSTS 350+ STUDENTS STARTING AT LEVEL PRE-K THROUGH GRADE 12. WE OFFER DAILY INSTRUCTION IN ARABIC, ENGLISH, MATH, SCIENCE, IT, ART, MUSIC, AND MORE FOR SOME OF THE MOST VULNERABLE CHILDREN IN AZRAQ. OUR PROGRAM AIMS TO BENEFIT THE WIDER COMMUNITY THROUGH REGULAR OUTREACH, AWARENESS SESSIONS, HUMANITARIAN AID DISTRIBUTIONS, AND OTHER ACTIVITIES. WE ARE PROUD TO HAVE CREATED MORE THAN 20 JOBS FOR MEMBERS OF THE AZRAQ COMMUNITY THROUGH THE CENTER. 98% OF THESE JOBS WERE FILLED BY WOMEN. EXPENSES FOR THE CENTER INCLUDE LOCAL SALARIES (TEACHERS, SCHOOL COOK, BUS DRIVER, AND SCHOOL ADMINISTRATOR) (SEE PART IX LINE 7), A LUNCH PROGRAM, TRANSPORTATION TO PICK UP AND DROP OFF STUDENTS, AND PROGRAM SUPPLIES INCLUDING IT EQUIPMENT, SCHOOL SUPPLIES AND OTHER ACTIBVITIES.
MONTESSORI: IN COLLABORATION WITH THE BLOSSOM HILL FOUNDATION, AECF OPERATED A MONTESSORI- INSPIRED EARLY EDUCATION CENTER FOR 60 CHOLDREN AGES 3-5. IN 2022, AECF INVESTED IN INTENSIVE MONTESSORI TRAINING BY TWO INTERNATIONALLY-CERTIFIED TRAINERS. TEACHERS FOCUSED ON MONTESSORI METHODOLOGY AND USE OF MONTESSORI-SPECIFIC TOOLS IN A PEER-TO-PEER ENVIRONMENT, IN AN EFFORT TO ENHANCE STUDENT'S CORE SKILLS IN READING, WRITING, BASIC MATH, AND LIFE SKILLS.
THE BUILDING: IN 2022, WE COMPLETED FINAL CONSTRUCTION OF OUR SCHOOL FACILITY FOR THE AZRAQ EDUCATION CENTER. THE BUILDING AND LAND ARE OWNED BY OUR LOCAL JORDANIAN CHARITY PARTNER, NACHMYAT EASTERN BADIA ASSOCIATION, WHO GIVES AECF EXCLUSIVE USE OF THE SPACE FOR OUR EDUCATION PROGRAM FOR A NOMINAL FEE OF $1. THE BUILDING CONSISTS OF 10 CLASSROOMS, ONE SPECIFICALLY DESIGNED MONTESSORI CLASSROOM, AN IT LAB WITH COMPUTERS AND TABLETS, LIBRARY AND STUDY SPACE, SPORT COURT, THEATER STAGE, SCHOOL KITCHEN, PLAY AREA, AND RECEPTION ROOM. THE BUILDING OPENED IN SEPTEMBER 2021 FOR MORE THAN 350 STUDENTS. FINAL COSTS IN 2022 INCLUDING FINISHING WORKS BY THE CONTRACTOR AND ARCHITECT. THIS PROJECT WAS GENEROUSLY FUNDED BY A DEDICATED DONOR. THE BUILDING IS TRANSFORMATIVE FOR THE ENTIRE COMMUNITY AND WILL SERVE IT THROUGH CHARITABLE ACTIVITIES FOR MANY YEARS TO COME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alexis Shereshewsky Executive Director | OfficerTrustee | 35 | $11,250 |
Demetri Blaisdell Chief Of Business Affairs | OfficerTrustee | 5 | $0 |
Yasir Dhannoon Board Member | Trustee | 5 | $0 |
Jerry Shereshewsky Board Member | Trustee | 5 | $0 |
Mary Murano Board Member | Trustee | 5 | $0 |
Ken Bernhard Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $426,941 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $426,941 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $426,941 |
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 | $171,550 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $11,250 |
Compensation of current officers, directors, key employees. | $4,348 |
Compensation to disqualified persons | $241,817 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $11,014 |
Fees for services: Accounting | $15,630 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $474 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $17,503 |
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 | $3,900 |
Total functional expenses | $515,079 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $140,362 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $140,362 |
Accounts payable and accrued expenses | $10,611 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $10,611 |
Net assets without donor restrictions | $99,972 |
Net assets with donor restrictions | $29,779 |
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 | $0 |
Total liabilities and net assets/fund balances | $140,362 |