NEAR EAST FOUNDATION

EIN: 131624114 501(c)(3) International Affairs

SYRACUSE, NY

Total Revenue
$26,881,633
Total Expenses
$21,547,040
Total Assets
$29,810,090
Net Assets
$14,648,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
NY
Principal Officer
JOHN ASHBY
Phone
3154288670
Tax Period
2023-07-01 to 2024-06-30

NEAR EAST FOUNDATION, founded in 1930, is a mid-sized nonprofit in the International Affairs sector that reported $26.9M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 20% operating margin.

Mission

TO REALIZE MORE PROSPEROUS, INCLUSIVE, AND RESILIENT COMMUNITIES, THE NEAR EAST FOUNDATION (NEF) WORKS WITH LOCAL PARTNERS TO ENABLE INNOVATIVE, SUSTAINABLE, COMMUNITY-LED ECONOMIC AND SOCIAL DEVELOPMENT ACROSS THE MIDDLE EAST, AFRICA, AND THE CAUCASUS. WE SUPPORT MARGINALIZED PEOPLE AND COMMUNITIES TO CULTIVATE NEW SKILLS AND TO ACCESS RESOURCES, NETWORKS, AND OPPORTUNITIES TO SHAPE A FUTURE WHERE THEY CAN OVERCOME VULNERABILITY TO POVERTY, ECONOMIC AND SOCIAL INEQUITY, CONFLICT, CLIMATE CHANGE AND ENVIRONMENTAL DEGRADATION.

Program Service Accomplishments

Program 1
Expenses: $6,544,671

PROGRAMS TO ESTABLISH A REVOLVING CREDIT FUND TO ADVANCE THE GROWTH OF MICRO-ENTERPRISES OWNED AND OPERATED BY REFUGEES AND VULNERABLE PEOPLE THROUGH LOANS AND NON-FINANCIAL SERVICES TAILORED TO THE...

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PROGRAMS TO ESTABLISH A REVOLVING CREDIT FUND TO ADVANCE THE GROWTH OF MICRO-ENTERPRISES OWNED AND OPERATED BY REFUGEES AND VULNERABLE PEOPLE THROUGH LOANS AND NON-FINANCIAL SERVICES TAILORED TO THE CONDITIONS OF VULNERABLE ENTREPRENEURS

Program 2
Expenses: $5,329,337

PROGRAMS TO CREATE SUSTAINABLE LIVELIHOODS THROUGH MICROENTERPRISE DEVELOPMENT AND BUSINESS TRAINING. NEF WORKS TO CREATE PERMANENT JOBS AND GENERATE INCOME FOR WOMEN ENTREPRENEURS. NEF PROVIDES...

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PROGRAMS TO CREATE SUSTAINABLE LIVELIHOODS THROUGH MICROENTERPRISE DEVELOPMENT AND BUSINESS TRAINING. NEF WORKS TO CREATE PERMANENT JOBS AND GENERATE INCOME FOR WOMEN ENTREPRENEURS. NEF PROVIDES MATERIAL ASSISTANCE, TARGETED TRAINING AND OUTREACH SUPPORT AND MENTORING FOR REFUGEES AND THEIR HOST COUNTRY NEIGHBORS TO CREATE SUSTAINABLE LIVELIHOODS.

Program 3
Expenses: $2,013,455

PROGRAMS TO IMPROVE THE FOOD SECURITY AND RESILIENCE OF RURAL POPULATIONS IN THE MOPTI REGION OF MALI IN THE FACE OF SHOCKS RELATED TO CLIMATE CHANGE AND SOCIAL CRISES BY STRENGTHENING THE INTEGRATED...

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PROGRAMS TO IMPROVE THE FOOD SECURITY AND RESILIENCE OF RURAL POPULATIONS IN THE MOPTI REGION OF MALI IN THE FACE OF SHOCKS RELATED TO CLIMATE CHANGE AND SOCIAL CRISES BY STRENGTHENING THE INTEGRATED MANAGEMENT OF NATURAL RESOURCES BY SUSTAINABLY INCREASING THE PRODUCTIVITY AND FOCUS OF VALUE CHAINS IN THE RURAL SECTOR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,429,362
Program Service Revenue $0
Investment Income $651,770
Other Revenue $-199,499
TOTAL REVENUE $26,881,633

Expense Breakdown

Grants Paid $1,219,708
Salaries & Benefits $8,424,591
Fundraising Expenses $748,124
Program Expenses $19,680,457
Other Expenses $11,902,741
TOTAL EXPENSES $21,547,040

Year-over-Year Comparison

2023 2022 Change
Revenue $26,881,633 $20,135,222 +0.3%
Expenses $21,547,040 $19,135,786 +0.1%
Net Income $5,334,593 $999,436 +4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
22
Volunteers
25

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
5
$584,333
Total Directors
14
$276,721
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANT MARDIROSSIAN DIRECTOR 1.00
Director
$0 $0 $0
HAIG MARDIKIAN DIRECTOR 1.00
Officer Director
$0 $0 $0
JOHNSON GARRETT SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA JACOBS DIRECTOR 1.00
Director
$0 $0 $0
MONA ERAIBA TREASURER 1.00
Officer Director
$0 $0 $0
JOHN ASHBY CEO, PRESIDENT 40.00
Officer Director
$254,423 $22,298 $276,721
CAROL B ASLANIAN DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY HABIB DIRECTOR 1.00
Director
$0 $0 $0
NINA BOGOSIAN QUIGLEY CHAIR 1.00
Director
$0 $0 $0
RANA GILLMON VICE CHAIR 1.00
Director
$0 $0 $0
EMILY ROSENBERG DIRECTOR 1.00
Director
$0 $0 $0
SEBOUH NAHABEDIAN DIRECTOR 1.00
Director
$0 $0 $0
LIZ ASLANIAN LORENZONI DIRECTOR 1.00
Director
$0 $0 $0
ELIAS HABAYEB DIRECTOR 1.00
Director
$0 $0 $0
SIMONA CECI CO-PRESIDENT, RESIGNED 12/31/2023 40.00
Officer
$282,928 $24,684 $307,612
RABIH YAZBECK VICE PRESIDENT OF PROGRAMS 1.00
Highest
$0 $20,861 $186,547
JUSTIN PRITCHARD ASSOCIATE VP OF FINANCE 40.00
Highest
$130,043 $25,979 $156,022
LEZLIE BLASKI DIRECTOR OF HUMAN RESOURCE 40.00
Highest
$134,662 $10,749 $145,411
JENNIFER ABDELLA PROGRAM DIRECTOR 40.00
Highest
$122,647 $11,719 $134,366
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 $26,881,633 $21,547,040 $29,810,090 $5,334,593
2023 $20,135,222 $19,135,786 $28,515,069 $999,436
2022 $15,526,282 $15,527,457 $16,218,674 $-1,175
2021 $17,064,454 $16,685,602 $10,936,502 $378,852
2020 $12,936,380 $13,385,120 $9,542,171 $-448,740
2019 $16,989,876 $16,511,368 $11,259,076 $478,508
2018 $16,129,078 $16,168,594 $9,136,077 $-39,516
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