MIDDLE EAST INVESTMENT INITIATIVE INC

EIN: 020760094 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$2,814,973
Total Expenses
$2,817,706
Total Assets
$2,764,982
Net Assets
$1,421,482
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DC
Principal Officer
JAMES PICKUP
Phone
2027212323
Tax Period
2024-01-01 to 2024-12-31

MIDDLE EAST INVESTMENT INITIATIVE INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

MIDDLE EAST INVESTMENT INITIATIVE, INC. (MEII) STIMULATES SUSTAINABLE ECONOMIC ACTIVITY AND LONG-LASTING JOB CREATION IN THE MIDDLE EAST AND NORTH AFRICA (MENA) BY DESIGNING AND DEPLOYING FINANCE AND TECHNICAL ASSISTANCE PROGRAMS TO BENEFIT ENTREPRENEURS AND SMALL AND MEDIUM SIZED ENTERPRISES (SME'S). FOUNDED WITH THE CONVICTION THAT THE PATH TO SOCIAL AND POLITICAL SUITABILITY IN THE MENA REGION REQUIRES A SOUND AND SUSTAINABLE ECONOMIC BASE, MEII BREAKS FROM TRADITIONAL AID MODELS AND DESIGNS INNOVATIVE DEVELOPMENT FINANCE INITIATIVES THAT FOSTER ECONOMIC OPPORTUNITIES AND DIGNITY INSTEAD OF DEPENDENCY.

Program Service Accomplishments

Program 1
Expenses: $1,496,608 Revenue: $168,876

STIMULATING LOCAL LENDING: FOUNDED WITH THE CONVICTION THAT THE PATH TO SOCIAL AND POLITICAL SUITABILITY IN THE MENA REGION REQUIRES A SOUND AND SUSTAINABLE ECONOMIC BASE, MEII BREAKS FROM...

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STIMULATING LOCAL LENDING: FOUNDED WITH THE CONVICTION THAT THE PATH TO SOCIAL AND POLITICAL SUITABILITY IN THE MENA REGION REQUIRES A SOUND AND SUSTAINABLE ECONOMIC BASE, MEII BREAKS FROM TRADITIONAL AID MODELS AND DESIGNS INNOVATIVE DEVELOPMENT FINANCE INITIATIVES THAT FOSTER ECONOMIC OPPORTUNITIES AND DIGNITY INSTEAD OF DEPENDENCY. MEII HAS BEEN PROVING FOR OVER A DECADE THAT FORMAL AND INFORMAL SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) ARE BOTH CREDIT WORTHY AND NET CONTRIBUTORS TO JOB CREATION IN THE MENA REGION. STARTING IN PALESTINE IN 2008 AND EXPANDING TO TUNISIA IN 2015, MEII HAS FINANCED OVER $642 MILLION IN LENDING TO MORE THAN 4,773 BUSINESSES WITH A CUMULATIVE LOSS RATE OF LESS THAN 1.2%. OVER THIS PERIOD, AN ESTIMATED 42,267 JOBS HAVE BEEN CREATED AND SUSTAINED IN THE REGION. MEII STIMULATES LOCAL BANK LENDING BY PROVIDING PARTNER BANKS WITH LOAN GUARANTEES AND TECHNICAL ASSISTANCE TO ASSESS THE VIABILITY OF THEIR SME CLIENTS AND STRUCTURE LOANS TO MEET BORROWER WORKING CAPITAL AND LONGER-TERM CAPITAL NEEDS.

Program 2
Expenses: $535,351

TAMWEELI: MEII ALSO FACILITATES SME ACCESS TO CAPITAL BY IMPROVING THE ACCOUNTING AND FINANCIAL LITERACY OF BUSINESSES AND MATCHING THEM TO AVAILABLE CAPITAL THROUGH AN INNOVATIVE ONLINE PLATFORM...

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TAMWEELI: MEII ALSO FACILITATES SME ACCESS TO CAPITAL BY IMPROVING THE ACCOUNTING AND FINANCIAL LITERACY OF BUSINESSES AND MATCHING THEM TO AVAILABLE CAPITAL THROUGH AN INNOVATIVE ONLINE PLATFORM CALLED "TAMWEELI". STARTING IN PALESTINE IN 2014 AND EXPANDING TO JORDAN AND TUNISIA, MORE THAN 3,841 SMES RECEIVED TECHNICAL ASSISTANCE FROM MEII BUSINESS ADVISORS. THE TAMWEELI PLATFORM HARNESSES THE SECURITY, SPEED, AND SIMPLICITY OF THE INTERNET TO STREAMLINE THE FINANCING PROCESS FOR BOTH FINANCIAL INTERMEDIARIES & SMES, CONNECTING BUSINESSES WITH FUNDING FOR GROWTH AND HELPING LENDERS AND INVESTORS ASSESS OPPORTUNITIES. MORE THAN 13,550 SMES HAVE REGISTERED ON THE PLATFORM AND $25.5 MILLION IN LOANS HAVE BEEN FINANCED BY LOCAL FINANCIAL INTERMEDIARIES.

Program 3
Expenses: $433,567

OTHER PROGRAMS INCLUDING TECHNICAL ASSISTANCE. FOCUSING ON MSES IN JORDAN TO ENABLE THEM TO ACCESS FINANCE, MEII EXPANDS ITS ACCESS TO FINANCIAL LITERACY-BUILDING AND DIGITAL FINANCIAL MANAGEMENT...

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OTHER PROGRAMS INCLUDING TECHNICAL ASSISTANCE. FOCUSING ON MSES IN JORDAN TO ENABLE THEM TO ACCESS FINANCE, MEII EXPANDS ITS ACCESS TO FINANCIAL LITERACY-BUILDING AND DIGITAL FINANCIAL MANAGEMENT TOOLS, AND SUPPORTS SOLUTIONS TO INCREASE ADOPTION OF SOFTWARE AND DIGITAL SOLUTIONS FOR A2F FOR MSES. IN JORDAN, FOCUSES ON ACCESS TO FINANCE FOR MSMES. ON THE DEMAND SIDE, MEII ENHANCED FINANCIAL CAPACITIES OF MORE THAN 650 SMALL ENTREPRENEURS ACROSS 12 GOVERNORATES. ON THE SUPPLY SIDE, MEII HAS INCREASED THE DIALOGUE AND MUTUAL UNDERSTANDING BETWEEN THE MFIS, BANKS AND LOAN GUARANTEE FACILITIES TO ENHANCE ACCESS TO FINANCE REACHING MORE THAN 170 BANKERS, MFI TEAMS, AND OTHER FINANCIAL SECTOR ACTORS. THROUGH ANOTHER DONOR-FUNDED PROGRAM, WE IMPROVED THE ACCESS TO INNOVATIVE FINANCIAL SERVICES FOR GROWTH-ORIENTED MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES (MSMES).

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,612,426
Program Service Revenue $168,876
Investment Income $32,458
Other Revenue $1,213
TOTAL REVENUE $2,814,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,863,242
Fundraising Expenses $75,640
Program Expenses $2,704,832
Other Expenses $954,464
TOTAL EXPENSES $2,817,706

Year-over-Year Comparison

2024 2023 Change
Revenue $2,814,973 $3,165,750 -0.1%
Expenses $2,817,706 $2,876,616 0.0%
Net Income $-2,733 $289,134 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
3
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$903,073
Total Directors
20
$179,822
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES PICKUP PRESIDENT AND CEO 21.00
Officer Director
$174,584 $5,238 $179,822
MARTIN INDYK CO-CHAIR 4.00
Officer Director
$0 $0 $0
CATHY ISAACSON CO-CHAIR 2.00
Officer Director
$0 $0 $0
CARL BILDT DIRECTOR 2.00
Director
$0 $0 $0
NEWMAN T HALVORSON JR DIRECTOR 2.00
Director
$0 $0 $0
NAFEZ HUSSEINI DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH A LIECHTY DIRECTOR 2.00
Director
$0 $0 $0
CLARE MUNANA DIRECTOR 2.00
Director
$0 $0 $0
THOMAS R PICKERING DIRECTOR 2.00
Director
$0 $0 $0
TERESA M RESSEL DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS STEENLAND DIRECTOR 2.00
Director
$0 $0 $0
DAVID WADE DIRECTOR 2.00
Director
$0 $0 $0
BASHAR MASRI DIRECTOR 2.00
Director
$0 $0 $0
MAC BERNSTEIN DIRECTOR 2.00
Director
$0 $0 $0
JAY FOOTLIK DIRECTOR 2.00
Director
$0 $0 $0
TOM NIDES DIRECTOR 2.00
Director
$0 $0 $0
TONI VERSTANDIG DIRECTOR 2.00
Director
$0 $0 $0
TIM BROAS DIRECTOR 2.00
Director
$0 $0 $0
REEM GUOSSOUS DIRECTOR 2.00
Director
$0 $0 $0
JOHN GLAZER DIRECTOR 2.00
Director
$0 $0 $0
RAMI KHOURY EXECUTIVE VP 40.00
Officer
$308,760 $42,197 $350,957
RICHARD FINKE COUNTRY MANAGER 40.00
Officer
$197,900 $23,572 $221,472
JOSEPH SEHWAIL COUNTRY MANAGER 40.00
Officer
$79,868 $7,784 $87,652
ALEXANDRA FISHER SR ASSOC. AND SECRETARY 40.00
Officer
$60,753 $2,417 $63,170
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,814,973 $2,817,706 $2,764,982 $-2,733
2023 $3,165,750 $2,876,616 $3,041,817 $289,134
2022 $2,966,139 $2,872,972 $2,892,513 $93,167
2021 $2,790,985 $2,574,209 $2,468,497 $216,776
2020 $2,775,347 $2,718,404 $2,125,106 $56,943
2019 $3,012,817 $3,298,552 $1,717,744 $-285,735
2018 $3,494,708 $3,422,457 $3,028,686 $72,251
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