Overview
What is Near East Foundation?
The Near East Foundation is a nonprofit organization based in Syracuse, New York, with the address 110 WEST FAYETTE STREET 710. Their mission is to foster prosperous, inclusive, and resilient communities in the Middle East and Africa through education, community organization, and economic development. They achieve this by supporting local partners and enabling sustainable, community-led initiatives. Specifically, they focus on establishing a revolving credit fund to advance the growth of micro-enterprises owned and operated by refugees and vulnerable Jordanians, offering both loans and non-financial services customized for vulnerable entrepreneurs.
Official website here: www.neareast.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 86%, Three-Star out of Four Star rating.
The Near East Foundation has achieved a solid score of 86%, reflecting its commitment to accountability and finance. With a high program expense ratio of 92.03%, the majority of its resources are directed towards its mission-driven programs. The organization demonstrates strong governance, evidenced by having 88% independent board members and robust policies in place for audit and oversight, conflict of interest, and whistleblower protections.
Strengths noted include an impressive Leadership & Adaptability score of 100, indicating effective leadership and a proactive approach to adapting to changing circumstances. Additionally, the Foundation has shown a commitment to investing in leadership development, ensuring that its team is equipped to tackle challenges effectively.
However, there are areas of concern, particularly regarding the liabilities to assets ratio, which received a low score. This could indicate potential financial risks that the organization may need to address moving forward. Overall, while the Near East Foundation showcases many strengths in governance and program effectiveness, attention to its financial health will be crucial for maintaining its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Near East Foundation legitimate?
Near East Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Near East Foundation 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: $843,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,256,500
For more financial information, click here
Official website here: www.neareast.org
What is the mission statement of Near East Foundation?
The Near East Foundation works towards building more prosperous, inclusive, and resilient communities in the Middle East and Africa through education, community organization, and economic development. Their mission is to enable sustainable, community-led economic and social development in the Middle East, Africa, and the Caucasus. By partnering with local organizations, they aim to help marginalized people and communities cultivate new skills and access resources, networks, and opportunities to overcome poverty, economic and social inequality, conflict, climate change, and environmental degradation.
Official website here: www.neareast.org
Who is the CEO of Near East Foundation?
John Ashby is the Director of Near East Foundation. The CEO's salary of Near East Foundation is $252,224 and their total compensation is $286,051.
Official website here: www.neareast.org
What is the revenue of Near East Foundation?
Near East Foundation's revenue in 2022 was $15,526,282.
Official website here: www.neareast.org
Who are the executives of Near East Foundation and what are their salaries?
There 25 volunteers at Near East Foundation.
Here are 22 key members and their salaries (Near East Foundation's CEO's salary is $252,224 and their total compensation is $286,051):
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- Compensation: $252,224
- Related: $0
- Other: $33,827
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- Other: $0
- Compensation: $203,092
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- Other: $15,808
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- Compensation: $206,793
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- Other: $15,859
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- Related: $133,008
- Other: $12,373
- Compensation: $120,513
- Related: $0
- Other: $26,945
- Compensation: $109,172
- Related: $0
- Other: $22,835
- Compensation: $108,481
- Related: $0
- Other: $20,559
- Compensation: $116,802
- Related: $0
- Other: $9,316
Official website here: www.neareast.org
Where can I find the form 990 for Near East Foundation?
Near East Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neareast.org
Learn more at the official website: www.neareast.org
Mission Statement of Near East Foundation
The Near East Foundation, a renowned nonprofit organization, is committed to building more sustainable, prosperous, and inclusive communities in the Middle East and Africa. Through education, community organization, and economic development, the Foundation empowers local partners to facilitate innovative, sustainable, and community-led initiatives for economic and social development across the Middle East, Africa, and the Caucasus.
The Near East Foundation's ultimate goal is to help realize more resilient communities by enabling marginalized people and communities to cultivate new skills and access resources, networks, and opportunities. By overcoming vulnerability to poverty, economic and social inequity, conflict, climate change, and environmental degradation, the Foundation's work is essential in shaping a future where communities can thrive and overcome adversity. The Near East Foundation's mission is to collaborate with local partners, fostering an environment that encourages innovation and sustainable growth.
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Impact
October, 2024
The Near East Foundation plays a pivotal role in fostering sustainable, prosperous, and inclusive communities across the Middle East and Africa. By focusing on education, community organization, and economic development, it addresses the pressing needs of marginalized populations.
One of its key initiatives is the establishment of a revolving credit fund aimed at promoting micro-enterprises owned by refugees and vulnerable Jordanians. This program provides tailored loans and non-financial services to support the growth of these businesses, empowering entrepreneurs with the resources they need to thrive in challenging conditions.
Through collaboration with local partners, the Near East Foundation enables innovative and community-led solutions to economic and social development. Its efforts empower marginalized individuals to develop new skills, access essential resources, and connect with networks that facilitate opportunities for growth. By addressing issues such as poverty, economic inequality, conflict, and environmental challenges, the Near East Foundation strives to create resilient communities capable of overcoming adversity and shaping a brighter future.
This information is meant to be a general summary of Near East Foundation. 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: $334,873
- Gross Receipts: $16,734,052
Assets and Liabilities:
- Total Assets: $16,218,674
- Total Liabilities: $9,123,753
- Net Assets: $7,094,921
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Organization Details
Founding Year
1930
Phone
(315) 428-8670Principal Officer
John Ashby
Main Address
110 WEST FAYETTE STREET 710, SYRACUSE, NY, 13202
Website
www.neareast.orgNTEE Category
Code: Q300 - International
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