Overview
What is Middle East Investment Initiative Inc?
Middle East Investment Initiative Inc, a nonprofit based in Washington D.C., has been actively promoting economic growth and job creation in the Middle East and North Africa (MENA) region for over a decade. With a mission to stimulate sustainable economic activity, the organization has successfully financed over $553 million to more than 4,041 businesses, resulting in the creation and sustenance of approximately 40,000 jobs. Their innovative approach to development finance involves providing technical assistance and loan guarantees to partner banks, helping them assess the viability of small and medium-sized enterprises (SMEs) and structure loans to meet their working and longer-term capital needs. By fostering economic opportunities and dignity instead of dependency, Middle East Investment Initiative Inc is dedicated to breaking away from traditional aid models and contributing to a sound and sustainable economic base in the MENA region.
Official website here: www.meii.org
Is Middle East Investment Initiative Inc legitimate?
Middle East Investment Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middle East Investment Initiative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $930,870
Professional Fundraising Fees: $0
Other Salaries and Wages: $675,709
For more financial information, click here
What is the mission statement of Middle East Investment Initiative Inc?
Middle East Investment Initiative Inc, abbreviated as MEII, is committed to fostering economic growth and job creation in the Middle East and North Africa (MENA) region. Their mission is to stimulate sustainable economic activity and generate long-lasting employment opportunities for entrepreneurs and small and medium-sized enterprises (SMEs) in this region. The organization believes in breaking away from traditional aid models and instead designs innovative development finance initiatives that promote economic opportunities and dignity, rather than dependency. Middle East Investment Initiative Inc's conviction is that a robust and sustainable economic base is essential for achieving social and political stability in the MENA region.
Official website here: www.meii.org
Who is the CEO of Middle East Investment Initiative Inc?
James Pickup is the President And Ceo of Middle East Investment Initiative Inc. The CEO's salary of Middle East Investment Initiative Inc is $184,584 and their total compensation is $190,122.
Official website here: www.meii.org
What is the revenue of Middle East Investment Initiative Inc?
Middle East Investment Initiative Inc's revenue in 2022 was $2,966,139.
Official website here: www.meii.org
Who are the executives of Middle East Investment Initiative Inc and what are their salaries?
The average compensation at Middle East Investment Initiative Inc during 2022 was $535,526. There are 3 employees and 21 volunteers at Middle East Investment Initiative Inc.
Here are 25 key members and their salaries (Middle East Investment Initiative Inc's CEO's salary is $184,584 and their total compensation is $190,122):
- Rami Khoury (Executive Vp)
- Richard Finke (Country Manager)
- James Pickup (President And Ceo) [Trustee/Director]
- Lana Katbeh (Country Manager)
- Alexandra Fisher (Senior Associate & Secreta)
- Martin Indyk (Chair) [Trustee/Director]
- George Salem (Co-Chair - Until 2/22) [Trustee/Director]
- Stephen B Ashley (Vice Chair - Until 12/31/22) [Trustee/Director]
- Cathy Isaacson (Vice Chair) [Trustee/Director]
- Samer Asfour (Director)
- Berl Bernhard (Director)
- Carl Bildt (Director)
- Dwight L Bush Sr (Director)
- Betsy Z Cohen (Director)
- Charles H Dallara (Director)
- Newman T Halvorson Jr (Director)
- Nafez Husseini (Director)
- Ann Mclaughlin Korologos (Director-Until 1/31/22)
- Elizabeth A Liechty (Director)
- Clare Munana (Director)
- John D Negroponte (Director - Until 1/31/22)
- Thomas R Pickering (Director)
- Teresa M Ressel (Director)
- Douglas Steenland (Director)
- David Wade (Director)
Official website here: www.meii.org
Where can I find the form 990 for Middle East Investment Initiative Inc?
The Middle East Investment Initiative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.meii.org
Learn more at the official website: www.meii.org
Mission Statement of Middle East Investment Initiative Inc
Middle East Investment Initiative, Inc., often referred to as MEII, is an organization dedicated to stimulating economic growth and job creation in the Middle East and North Africa (MENA) region. Their mission is rooted in the belief that a robust and sustainable economic base is essential for social and political stability in the MENA region. MEII distinguishes itself from traditional aid models by designing and deploying innovative development finance initiatives. These initiatives aim to foster economic opportunities and dignity among entrepreneurs and small and medium-sized enterprises (SMEs), ultimately moving away from a culture of dependency. By focusing on finance and technical assistance programs, MEII seeks to contribute to long-lasting job creation and sustainable economic activity in the MENA region.
Impact
This information is meant to be a general summary of Middle East Investment Initiative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Middle East Investment Initiative Inc's impact can be seen in its successful efforts to stimulate economic growth and create jobs in the Middle East and North Africa. Through providing over $553 million in lending to more than 4,000 businesses with a low cumulative loss rate, MEII has been instrumental in creating and sustaining an estimated 40,000 jobs in the region. By working with local banks to provide loan guarantees and technical assistance, MEII has helped to stimulate local bank lending and support small and medium-sized enterprises in accessing the capital they need to thrive. MEII's innovative approach to development finance is driving sustainable economic activity and contributing to long-lasting job creation in the MENA region, ultimately fostering economic opportunities and dignity for communities in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN GUARANTEE FEES
Revenue
$83,158
Organization Details
Founding Year
2005
Phone
(202) 721-2323
Principal Officer
James Pickup
Main Address
1255 22ND STREET NW 57094, WASHINGTON, DC, 20037
Website
www.meii.org
NTEE Category
Code: S30 - Community improvement
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