AMERICAN RESEARCH CENTER IN EGYPT INC

EIN: 042319500 501(c)(3) Social Science

Alexandria, VA

Total Revenue
$3,902,038
Total Expenses
$5,254,139
Total Assets
$96,560,325
Net Assets
$79,167,991
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MA
Principal Officer
Jennifer Rowland
Phone
7037213479
Tax Period
2023-07-01 to 2024-06-30

AMERICAN RESEARCH CENTER IN EGYPT INC, founded in 1948, is a community nonprofit in the Social Science sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.3M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE AMERICAN RESEARCH CENTER IN EGYPT (ARCE) IS COMMITTED TO SUPPORTING RESEARCH ON ALL ASPECTS OF EGYPTIAN HISTORY AND CULTURE, FOSTERING A BROADER KNOWLEDGE OF EGYPT, AND STRENGTHENING AMERICAN - EGYPTIAN CULTURAL TIES. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $2,702,762 Revenue: $0

PROMOTION AND PRESERVATION OF ANTIQUITIES - THE AMERICAN RESEARCH CENTER IN EGYPT IS COMMITTED TO HELPING EGYPT PRESERVE ITS RICH CULTURAL HERITAGE FOR THE BENEFIT OF FUTURE GENERATIONS WORLDWIDE. IN...

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PROMOTION AND PRESERVATION OF ANTIQUITIES - THE AMERICAN RESEARCH CENTER IN EGYPT IS COMMITTED TO HELPING EGYPT PRESERVE ITS RICH CULTURAL HERITAGE FOR THE BENEFIT OF FUTURE GENERATIONS WORLDWIDE. IN COLLABORATION WITH EGYPT'S SUPREME COUNCIL OF ANTIQUITIES, ARCE WORKS TO PRESERVE THE COUNTRY'S ANTIQUITIES THROUGH DOCUMENTATION, CONSERVATION, TRAINING, AND PUBLICATION. THE SCOPE OF OUR WORK HAS INCLUDED MORE THAN 50 MAJOR CONSERVATION PROJECTS THROUGHOUT EGYPT THAT SPAN THE ENTIRE RANGE OF THE COUNTRY'S RICH CULTURAL HISTORY, FROM PREHISTORY TO THE LATE OTTOMAN PERIOD, INCLUDING MASTERPIECES OF PHARAONIC, GRAECO-ROMAN, COPTIC, JEWISH, AND ISLAMIC ART AND ARCHITECTURE.

Program 2
Expenses: $659,776 Revenue: $0

PUBLIC PROGRAMS - AMERICAN-EGYPTIAN RELATIONS ARE AT THE CORE OF WHAT ARCE DOES. PUBLIC PROGRAMS CONSTITUTE A VITAL LINK IN CARRYING OUT ARCE'S MISSION OF FOSTERING BROADER KNOWLEDGE AND APPRECIATION...

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PUBLIC PROGRAMS - AMERICAN-EGYPTIAN RELATIONS ARE AT THE CORE OF WHAT ARCE DOES. PUBLIC PROGRAMS CONSTITUTE A VITAL LINK IN CARRYING OUT ARCE'S MISSION OF FOSTERING BROADER KNOWLEDGE AND APPRECIATION OF EGYPT AMONG THE GENERAL PUBLIC IN THE UNITED STATES. WE CARRY OUT THIS MISSION BY SUPPORTING 13 LOCAL CHAPTERS, OFFERING CAIRO LECTURES AND EDUCATIONAL EXCURSIONS, HOSTING AN ANNUAL CONFERENCE, AND PROVIDING PUBLICATIONS ABOUT ARCE-SPONSORED PROJECTS IN EGYPT TO OUR MEMBERS.

Program 3
Expenses: $256,578 Revenue: $0

RESEARCH FELLOWSHIPS - OVER THE COURSE OF FIVE DECADES, ARCE'S FELLOWSHIP PROGRAM HAS BENEFITED MORE THAN 620 SCHOLARS, WHOSE RESEARCH INTERESTS SPAN THE DIVERSITY OF EGYPT'S PERIODS AND CULTURES...

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RESEARCH FELLOWSHIPS - OVER THE COURSE OF FIVE DECADES, ARCE'S FELLOWSHIP PROGRAM HAS BENEFITED MORE THAN 620 SCHOLARS, WHOSE RESEARCH INTERESTS SPAN THE DIVERSITY OF EGYPT'S PERIODS AND CULTURES. THE GOAL OF ARCE'S FELLOWSHIP PROGRAM IS TO PROMOTE A MORE PROFOUND KNOWLEDGE OF EGYPT AND THE NEAR EAST THROUGH STUDY AND RESEARCH AND TO AID IN THE TRAINING OF AMERICAN SPECIALISTS IN ACADEMIC DISCIPLINES THAT REQUIRE FAMILIARITY WITH EGYPT. PROGRAM ALUMNI INCLUDE DIRECTORS AND FACULTY OF MIDDLE EASTERN STUDIES DEPARTMENTS AT LEADING UNIVERSITIES IN THE UNITED STATES AND ABROAD, AND CURATORS OF EGYPTIAN AND NEAR EASTERN ART AT MAJOR MUSEUMS AND RESEARCH INSTITUTIONS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,548,905
Program Service Revenue $123,882
Investment Income $1,808,810
Other Revenue $420,441
TOTAL REVENUE $3,902,038

Expense Breakdown

Grants Paid $876,437
Salaries & Benefits $1,717,177
Fundraising Expenses $233,938
Program Expenses $3,619,116
Other Expenses $2,660,525
TOTAL EXPENSES $5,254,139

Year-over-Year Comparison

2023 2022 Change
Revenue $3,902,038 $3,492,307 +0.1%
Expenses $5,254,139 $6,037,033 -0.1%
Net Income $-1,352,101 $-2,544,726 -0.5%
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
18
Independent Members
18
Employees
10
Volunteers
N/A

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
$171,893
Total Directors
13
$0
Key Employees
3
$408,354
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christina DiMeglio Lopez US Director 40.0
Key Emp
$150,000 $29,373 $179,373
Louise Bertini Executive Director 40.0
Officer
$161,968 $9,925 $171,893
Fatma Ismail Director of Outreach 40.0
Key Emp
$136,897 $25,417 $162,314
Ron Stubblefield Chief Financial Officer 40.0
Key Emp
$66,667 $0 $66,667
BRYAN BETSY GOVERNOR 1.0
Officer Director
$0 $0 $0
PAUL STANWICK TREASURER 5.0
Officer Director
$0 $0 $0
YEKATERINA BARBASH RSM REPRESENTATIVE 1.0
Director
$0 $0 $0
HISHAM FAHMY GOVERNOR 1.0
Officer Director
$0 $0 $0
FRANCIS RICCIARDONE GOVERNOR 1.0
Director
$0 $0 $0
JANICE KAMRIN RSM GOVERNOR 1.0
Director
$0 $0 $0
JULIA ROCHE GOVERNOR 1.0
Director
$0 $0 $0
DAVID ANDERSON FORMER PRESIDENT 5.0
Officer Director
$0 $0 $0
DENISE DOXEY PRESIDENT 5.0
Officer Director
$0 $0 $0
STEPHANIE DENKOWICZ VICE PRESIDENT 5.0
Officer Director
$0 $0 $0
NICOLA ARAVECCHIA ELECTED GOVERNOR 1.0
Director
$0 $0 $0
SALIMA IKRAM ELECTED GOVERNOR 1.0
Director
$0 $0 $0
SID KITCHEL APPOINTED GOVERNOR 1.0
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $3,902,038 $5,254,139 $96,560,325 $-1,352,101
2023 $3,492,307 $6,037,033 $92,253,393 $-2,544,726
2022 $3,827,017 $4,828,540 $89,650,957 $-1,001,523
2021 $7,381,606 $3,679,308 $109,986,600 $3,702,298
2020 $7,346,004 $3,258,154 $90,557,784 $4,087,850
2019 $3,689,142 $3,933,737 $88,508,419 $-244,595
2018 $3,709,019 $4,438,847 $87,199,978 $-729,828
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