ALFANAR INC US

EIN: 753197031 501(c)(3) International Affairs

NEWTON, MA

Total Revenue
$271,110
Total Expenses
$385,734
Total Assets
$66,060
Net Assets
$66,060
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Principal Officer
GRETCHEN WELCH
Phone
6176306900
Tax Period
2023-01-01 to 2023-12-31

ALFANAR INC US, founded in 2005, is a small nonprofit in the International Affairs sector that reported $271K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $386K exceeded revenue, resulting in a 42% operating deficit.

Mission

ALFANAR, INC., US HELPS CHILDREN, YOUTH AND WOMAN ACCESS THE EDUCATION, EMPLOYMENT AND EMPOWERMENT NEEDED TO LEAD DIGNIFIES AND PRODUCTIVE LIVES. WE DO THIS BY PROVIDING FUNDING TO OUR AFFILIATE ALFANAR (UK REGISTERED CHARITY) WHICH PROVIDES TAILORED FUNDING AND HIGH MANAGEMENT SUPPORT TO AMBITIOUS SOCIAL ENTERPRISES, HELPING THEM TO ACHIEVE LASTING SOCIAL CHANGE IN THEIR COMMUNITIES. SPECIAL FOCUS IS GIVEN TO ORGANIZATIONS THAT IMPROVE CHILDREN'S EDUCATION AND WOMEN'S ECONOMIC EMPOWERMENT.

Program Service Accomplishments

Program 1
Expenses: $379,950

IN 2023 ALFANAR, INC., US FULFILLED ITS MISSION TO SUPPORT THE EDUCATION, EMPLOYMENT AND EMPOWERMENT OF VULNERABLE INDIVIDUALS BY SUPPORTING THE VENTURE PHILANTHROPY WORK OF ALFANAR BY WAY OF A...

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IN 2023 ALFANAR, INC., US FULFILLED ITS MISSION TO SUPPORT THE EDUCATION, EMPLOYMENT AND EMPOWERMENT OF VULNERABLE INDIVIDUALS BY SUPPORTING THE VENTURE PHILANTHROPY WORK OF ALFANAR BY WAY OF A SINGLE GRANT. THIS GRANT WAS MADE IN SUPPORT OF ALFANAR'S GENERAL OPERATIONS, WHICH INCLUDES VETTING, CONDUCTING DUE DILIGENCE ON AND MANAGING VENTURE PHILANTHROPY GRANTS TO SUPPORT ALFANAR'S INVESTMENTS IN WIDOW AND REFUGEE EMPOWERMENT. ALFANAR, INC., US'S SUPPORT IS INTEGRAL TO ENABLING ALFANAR TO MONITOR THE PROGRESS AND IMPACT OF A PORTFOLIO OF OVER 20 SOCIAL ENTERPRISES ACROSS EGYPT, LEBANON AND REFUGEE COMMUNITIES. THE DISBURSED GRANT WAS SENT EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES AS DEFINED UNDER THE INTERNAL REVENUE CODE. THE GRANT WAS FOR $379,950.

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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 $271,110
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $271,110

Expense Breakdown

Grants Paid $379,950
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $379,950
Other Expenses $5,784
TOTAL EXPENSES $385,734

Year-over-Year Comparison

2023 2022 Change
Revenue $271,110 $497,431 -0.5%
Expenses $385,734 $419,371 -0.1%
Net Income $-114,624 $78,060 -2.5%
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
5
Employees
N/A
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRETCHEN WELCH PRESIDENT 2.00
Officer Director
$0 $0 $0
CYNTHIA OAKES TREASURER 2.00
Officer Director
$0 $0 $0
MARK HUANG CLERK 1.00
Officer Director
$0 $0 $0
CAROL PRENDERGAST DIRECTOR 1.00
Director
$0 $0 $0
HADIA GHANDOUR DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $271,110 $385,734 $66,060 $-114,624
2022 $497,431 $419,371 $181,684 $78,060
2021 $243,450 $197,051 $103,899 $46,399
2020 $853,646 $859,094 $56,225 $-5,448
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