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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Middle East Investment Initiative Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization’s overall score is derived entirely from its strong performance in the Accountability & Finance category, which reflects the integrity and transparency in its financial operations.
One of the notable strengths of the organization is its board composition, with 95% of its members being independent, which enhances governance and oversight. Furthermore, the initiative demonstrates a high program expense ratio of 95.92%, indicating that a significant portion of its funding directly supports its programs and mission rather than administrative costs. The organization also upholds various essential policies, such as conflict of interest and whistleblower protections, reinforcing its commitment to ethical practices.
While the organization has performed well in the areas evaluated, it is important for potential donors and stakeholders to consider that this rating is based solely on its financial management and governance. There may be other aspects of the organization’s impact and effectiveness that are not captured in this rating, which could be important for a comprehensive assessment of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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
Official website here: www.meii.org
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):
- Compensation: $184,584
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- Other: $5,538
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- Compensation: $291,192
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- Other: $46,999
- Compensation: $195,509
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- Other: $32,423
- Compensation: $97,783
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- Other: $8,957
- Compensation: $59,946
- Related: $0
- Other: $7,938
Official website here: www.meii.org
Where can I find the form 990 for Middle East Investment Initiative Inc?
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.
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Impact
July, 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.
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.
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.
- Investment Income: $4,148
- Program Service Revenue: $83,158
- Gross Receipts: $2,966,139
Assets and Liabilities:
- Total Assets: $2,892,513
- Total Liabilities: $2,040,573
- Net Assets: $851,940
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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) 721-2323Principal Officer
James Pickup
Main Address
1255 22ND STREET NW 57094, WASHINGTON, DC, 20037
Website
www.meii.orgNTEE Category
Code: S30 - Community improvement
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