Kuwait-America Foundation
- Assets
- $19.6m
- Revenue
- $1.9m
- Investments
- $15.8m
- Employees
- 12
- Location
- Washington, DC
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 52-1730454
Organization Overview
Kuwait-America Foundation is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Kuwait-America Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kuwait-America 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 12/2021, Kuwait-America Foundation generated $1.9m 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 (4.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. 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
THE FOUNDATION'S PRIMARY PURPOSE IS TO INITIATE EDUCATIONAL AND PHILANTHROPIC ACTIVITIES IN AMERICA WHICH RESULT IN A GREATER UNDERSTANDING OF THE CULTURE AND HISTORY OF KUWAIT AND ENHANCE RELATIONSHIPS BETWEEN THE PEOPLE OF THE TWO NATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDUCING THE VIOLENCE PROGRAM: THE FOUNDATION WORKS WITH AMERICAN CO-SPONSORS TO DEVELOP AND IMPLEMENT PROGRAMS RELATED TO REDUCING VIOLENCE IN THE UNITED STATES.
DISADVANTAGED PERSONS: THE FOUNDATION SUPPORTS CERTAIN PROGRAMS AND ORGANIZATIONS, SUCH AS THE UNITED NATIONS, WHEN IT COMES TO ADDRESSING THE NEEDS OF DISADVANTAGED PERSONS, SUCH AS THE HOMELESS, CHILDREN AT RISK, AND WOMEN IN NEED IN AND OUTSIDE OF THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Basma Rayess Executive Director | Officer | 40 | $97,409 |
Daniel Q Callister Trustee, Consultant | Trustee | 20 | $11,111 |
Fawzi Al-Sultan Vice Chair | OfficerTrustee | 1 | $0 |
Hassan Al-Ebraheem PHD Chairman | OfficerTrustee | 5 | $0 |
Issam Mohammed Al-Bahar Trustee | Trustee | 1 | $0 |
Sheikh Ali Alkhalifa Al-Sabah Trustee | Trustee | 1 | $0 |
Financial Statements
| 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 | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,118,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $554,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,867,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,785 |
| 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. | $120,655 |
| Compensation of current officers, directors, key employees. | $72,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,117 |
| Pension plan accruals and contributions | $400 |
| Other employee benefits | $63,863 |
| Payroll taxes | $35,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,500 |
| Fees for services: Other | $33,785 |
| Advertising and promotion | $0 |
| Office expenses | $72,893 |
| Information technology | $10,820 |
| Royalties | $0 |
| Occupancy | $167,993 |
| Travel | $14,892 |
| 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 | $93,231 |
| Insurance | $16,923 |
| All other expenses | $0 |
| Total functional expenses | $1,472,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,161,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $510 |
| 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 | $2,576,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,816,975 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,555,838 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000,000 |
| Net assets without donor restrictions | $17,555,838 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,555,838 |
Grants Awarded
Over the last fiscal year, Kuwait-America Foundation has awarded $151,051 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROGRAM SUPPORT | $100,000 |
New York, NY PURPOSE: BEIRUT EMERGENCY FUND | $51,051 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kuwait-America Foundation has recieved totaling $1,293,000.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO EXPAND ACCESS TO HIGH-QUALITY APPRENTICESHIP OPPORTUNITIES FOR HIGH SCHOOL-AGE STUDENTS AND TO STRENGTHEN THE LOCAL CAPACITY OF TALENT DEVELOPMENT PROGRAMS. | $750,000 |
California Physicians Service Foundation San Francisco, CA PURPOSE: PROMOTING POLICY SOLUTIONS THAT ADDRESS HEALTH AND ECONOMIC SECURITY | $250,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT A HUB OF GROW YOUR OWN PROGRAMS IN THE HEARTLAND TO HELP BUILD THE CAPACITY OF PROGRAMS TO SCALE AND SERVE MORE UPCOMING DIVERSE TEACHERS. | $233,000 |
Levant Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $25,000 |
George Wasserman Foundation Inc Bethesda, MD PURPOSE: OVERALL CHARITABLE PURPOSE OF THE ORGANIZATION | $25,000 |
The Brodsky Family Foundation New York, NY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Governance And Sustainable Development Inc Washington, DC | $3,406,420 | $7,176,788 |
Middle East Media And Research Institute Inc Washington, DC | $4,612,496 | $9,235,135 |
International Consortium Of Investigative Journalists Inc Washington, DC | $7,479,893 | $3,022,355 |
Israel Institute Inc Washington, DC | $4,523,703 | $683,865 |
U S Assoc For Intl Migration Washington, DC | $429,111 | $3,312,005 |
Us-Japan Council Washington, DC | $22,364,092 | $5,169,884 |
Global Integrity Washington, DC | $7,351,662 | $3,173,199 |
Ecopeace Middle East Environmental Ngo Forum Washington, DC | $4,125,251 | $2,987,389 |
National Peace Corps Association Washington, DC | $3,770,682 | $2,874,341 |
The 1890 Universities Foundation Washington, DC | $3,141,528 | $4,571,927 |
Arabia Foundation Washington, DC | $38,126 | $1,600,280 |
Technology Policy Institute Washington, DC | $925,196 | $1,497,340 |