KUWAIT-AMERICA FOUNDATION

EIN: 521730454 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$2,274,338
Total Expenses
$2,702,430
Total Assets
$18,306,940
Net Assets
$16,306,940
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Principal Officer
BASMA RAYESS
Phone
2022934740
Tax Period
2023-01-01 to 2023-12-31

KUWAIT-AMERICA FOUNDATION, founded in 1991, is a community nonprofit in the International Affairs sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO INITIATE EDUCATIONAL AND PHILANTHROPIC ACTIVITIES IN AMERICA WHICH RESULT IN A GREATER UNDERSTANDING OF THE CULTURE AND HISTORY OF KUWAIT AND ENHANCE RELATIONSHIPS BETWEEN THE PEOPLE OF THE TWO NATIONS.

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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 $1,180,045
Program Service Revenue $0
Investment Income $1,095,661
Other Revenue $-1,368
TOTAL REVENUE $2,274,338

Expense Breakdown

Grants Paid $905,000
Salaries & Benefits $575,254
Fundraising Expenses $0
Program Expenses $2,550,071
Other Expenses $1,222,176
TOTAL EXPENSES $2,702,430

Year-over-Year Comparison

2023 2022 Change
Revenue $2,274,338 $1,849,894 +0.2%
Expenses $2,702,430 $2,670,700 +0.0%
Net Income $-428,092 $-820,806 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
18
Volunteers
14

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
3
$131,541
Total Directors
15
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL Q CALLISTER TRUSTEE, CONSULTANT 20.00
Director
$10,000 $0 $10,000
HASSAN AL-EBRAHEEM PHD CHAIRMAN 5.00
Officer Director
$0 $0 $0
FAWZI AL-SULTAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
ISSAM MOHAMMED AL-BAHAR TRUSTEE 1.00
Director
$0 $0 $0
QUTAYBA AL-GHANIM TRUSTEE 1.00
Director
$0 $0 $0
ABDULLATIF AL-HAMAD TRUSTEE 1.00
Director
$0 $0 $0
MOHAMMED AL-NAQQI TRUSTEE 1.00
Director
$0 $0 $0
SHEIKH ALI ALKHALIFA AL-SABAH TRUSTEE 1.00
Director
$0 $0 $0
SHEIKH MOHAMMED AL-SABAH PHD TRUSTEE 1.00
Director
$0 $0 $0
SOUAD AL-SABAH PHD TRUSTEE 1.00
Director
$0 $0 $0
ABDUL HAMID AL-SARRAF TRUSTEE 1.00
Director
$0 $0 $0
SALEH AL-ZOUMAN TRUSTEE 1.00
Director
$0 $0 $0
ADNAN SHIHAB ELDDINE PHD TRUSTEE 1.00
Director
$0 $0 $0
FAISAL ALI MUTAWA TRUSTEE 1.00
Director
$0 $0 $0
JASSIM QABAZARD TRUSTEE 1.00
Director
$0 $0 $0
BASMA RAYESS EXECUTIVE DIRECTOR 40.00
Officer
$103,532 $28,009 $131,541
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 No data No data No data No data
2023 $2,274,338 $2,702,430 $18,306,940 $-428,092
2022 $1,849,894 $2,670,700 $18,759,413 $-820,806
2021 $1,867,637 $1,472,974 $19,555,838 $394,663
2020 $1,227,066 $1,429,696 $19,161,175 $-202,630
2019 $2,184,763 $2,649,282 $20,363,805 $-464,519
2018 $2,359,586 $2,545,940 $20,868,605 $-186,354
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