THE FREE IRAQ FOUNDATION

EIN: 521750875 501(c)(3)

WASHINGTON, DC

Total Revenue
$235,142
Total Expenses
$341,635
Total Assets
$161,655
Net Assets
$125,056
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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 FAKRI
Phone
2023474662
Tax Period
2022-10-01 to 2023-09-30

THE FREE IRAQ FOUNDATION, founded in 1991, is a small nonprofit that reported $235K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $342K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE FOUNDATION WORKS LARGELY WITH IRAQI NGO'S AND COOPERATE WITH RELEVANT GOVERNMENT INSTITUTIONS. TO ACHIEVE OUR GOALS WE UTILIZE A VARIETY OF TOOLS SUCH AS TRAINING WORKSHOPS, CONFERENCES, PUBLICATIONS AND RADIO AND TV PROGRAMS. WE AIM TO BE INCLUSIVE IN ALL REGIONS OF IRAQ.

Program Service Accomplishments

Program 1
Expenses: $154,571 Revenue: $0

BUILDING RESILIENCE OF YOUTH AND COMMUNITIES: THIS IS A TWO-YEAR PROJECT FUNDED BY THE NETHERLANDS MINISTRY OF FOREIGN AFFAIRS. THE GOAL OF THE PROJECT IS TO BUILD CAPACITY IN IRAQ TO WORK TO PREVENT...

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BUILDING RESILIENCE OF YOUTH AND COMMUNITIES: THIS IS A TWO-YEAR PROJECT FUNDED BY THE NETHERLANDS MINISTRY OF FOREIGN AFFAIRS. THE GOAL OF THE PROJECT IS TO BUILD CAPACITY IN IRAQ TO WORK TO PREVENT VIOLENT EXTREMISM AND RADICALIZATION OF YOUTH AND DISADVANTAGED INDIVIDUALS AND INSTEAD, PROVIDE THESE GROUPS WITH OPPORTUNITIES TO MAKE A DIFFERENCE IN THEIR COMMUNITIES.

Program 2
Expenses: $49,627 Revenue: $0

STRENGTHEN WOMEN'S POLITICAL PARTICIPATION: THIS IS AN EIGHTEEN-MONTH PROJECT FUNDED BY THE UNITED NATIONS ASSISTANCE MISSION (UNAMI). THE GOAL OF THE PROJECT IS TO CARRY OUT A TWO-PHASE PROJECT...

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STRENGTHEN WOMEN'S POLITICAL PARTICIPATION: THIS IS AN EIGHTEEN-MONTH PROJECT FUNDED BY THE UNITED NATIONS ASSISTANCE MISSION (UNAMI). THE GOAL OF THE PROJECT IS TO CARRY OUT A TWO-PHASE PROJECT AIMING TO STRENGTHEN WOMEN'S PARTICIPATION IN POLITICAL LIFE AT THE NATIONAL AND SUB-NATIONAL LEVELS, AND ENHANCE THE CAPABILITIES OF WOMEN IN SEEKING PUBLIC OFFICE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $232,113
Program Service Revenue $0
Investment Income $0
Other Revenue $3,029
TOTAL REVENUE $235,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,785
Fundraising Expenses $0
Program Expenses $204,198
Other Expenses $179,850
TOTAL EXPENSES $341,635

Year-over-Year Comparison

2022 2021 Change
Revenue $235,142 $1,125,503 -0.8%
Expenses $341,635 $1,021,879 -0.7%
Net Income $-106,493 $103,624 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
7
Volunteers
5

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
$70,180
Total Directors
5
$4,009
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN DAKAK CHAIRPERSON 1.00
Officer Director
$0 $0 $0
REND AL'RAHIM-FRANCKE PRESIDENT 5.00
Officer Director
$3,820 $189 $4,009
RAYA BARAZANJI BOARD MEMBER 1.00
Director
$0 $0 $0
SAMIR SHAKIR MAHMOOD SUMAIDA'IE BOARD MEMBER 1.00
Director
$0 $0 $0
DR AZZAM ALWASH BOARD MEMBER 1.00
Director
$0 $0 $0
BASMA FAKRI EXECUTIVE DIRECTOR 20.00
Officer
$59,508 $6,663 $66,171
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
2023 $235,142 $341,635 $161,655 $-106,493
2022 $1,125,503 $1,021,879 $488,259 $103,624
2021 $1,664,384 $1,596,613 $797,405 $67,771
2020 $1,220,860 $1,201,665 $671,607 $19,195
2019 $1,434,920 $1,450,550 $220,802 $-15,630
2018 $204,800 $288,601 $522,484 $-83,801
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