NonprofitsMiddle East Investment Initiative Inc

Community Improvement & Capacity Building

Middle East Investment Initiative Inc

WASHINGTON, DC

Total revenue

$2.8M

Total expenses

$2.8M

Net assets

$1.4M

Grants received

$615K

21 grants

EIN

020760094

Tax year

2024

Mission

Meii works to stimulate economic growth and create jobs in the middle east and north africa.

Programs

3 programs

Tamweeli: meii also facilitates sme access to capital by improving the accounting and financial literacy of businesses and matching them to available capital through an innovative online platform called "tamweeli". Starting in palestine in 2014 and expanding to jordan and tunisia, more than 3,841 smes received technical assistance from meii business advisors. The tamweeli platform harnesses the security, speed, and simplicity of the internet to streamline the financing process for both financial intermediaries & smes, connecting businesses with funding for growth and helping lenders and investors assess opportunities. More than 13,550 smes have registered on the platform and $25.5 million in loans have been financed by local financial intermediaries.

Expenses: $535K

Other programs including technical assistance. Focusing on mses in jordan to enable them to access finance, meii expands its access to financial literacy-building and digital financial management tools, and supports solutions to increase adoption of software and digital solutions for a2f for mses. In jordan, focuses on access to finance for msmes. On the demand side, meii enhanced financial capacities of more than 650 small entrepreneurs across 12 governorates. On the supply side, meii has increased the dialogue and mutual understanding between the mfis, banks and loan guarantee facilities to enhance access to finance reaching more than 170 bankers, mfi teams, and other financial sector actors. Through another donor-funded program, we improved the access to innovative financial services for growth-oriented micro, small, and medium-sized enterprises (msmes).

Expenses: $434K

Missing middle market gap : developing a regional risk fund to finance missing middle smes.

Expenses: $239K

Financials

FY 2024

Revenue

Contributions & grants$2.6M
Program service revenue$169K
Investment income$32K
Other revenue$1K
Total revenue$2.8M

Expenses

Grants paid
Salaries & benefits$1.9M
Fundraising$76K
Other expenses$954K
Total expenses$2.8M
Total assets$2.8M
Net assets$1.4M

People

24 listed

NameRoleCompensation

RAMI KHOURY

EXECUTIVE VP

Board

$309K

40 hrs/wk

RICHARD FINKE

COUNTRY MANAGER

Board

$198K

40 hrs/wk

JAMES PICKUP

PRESIDENT AND CEO

Board

$175K

21 hrs/wk

JOSEPH SEHWAIL

COUNTRY MANAGER

Board

$80K

40 hrs/wk

ALEXANDRA FISHER

SR ASSOC. AND SECRETARY

Board

$61K

40 hrs/wk

NAFEZ HUSSEINI

DIRECTOR

Board

2 hrs/wk

ELIZABETH A LIECHTY

DIRECTOR

Board

2 hrs/wk

CLARE MUNANA

DIRECTOR

Board

2 hrs/wk

THOMAS R PICKERING

DIRECTOR

Board

2 hrs/wk

TERESA M RESSEL

DIRECTOR

Board

2 hrs/wk

DOUGLAS STEENLAND

DIRECTOR

Board

2 hrs/wk

DAVID WADE

DIRECTOR

Board

2 hrs/wk

BASHAR MASRI

DIRECTOR

Board

2 hrs/wk

MAC BERNSTEIN

DIRECTOR

Board

2 hrs/wk

JAY FOOTLIK

DIRECTOR

Board

2 hrs/wk

TOM NIDES

DIRECTOR

Board

2 hrs/wk

TONI VERSTANDIG

DIRECTOR

Board

2 hrs/wk

TIM BROAS

DIRECTOR

Board

2 hrs/wk

REEM GUOSSOUS

DIRECTOR

Board

2 hrs/wk

JOHN GLAZER

DIRECTOR

Board

2 hrs/wk

NEWMAN T HALVORSON JR

DIRECTOR

Board

2 hrs/wk

CARL BILDT

DIRECTOR

Board

2 hrs/wk

CATHY ISAACSON

CO-CHAIR

Board

2 hrs/wk

MARTIN INDYK

CO-CHAIR

Board

4 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
$25K
UNRESTRICTED GENERAL SUPPORT
2024
$25K
UNRESTRICTED GENERAL SUPPORT
2024
$25K
UNRESTRICTED GENERAL SUPPORT
2023
$25K
For grant recipient's exempt purposes
2023
$10K
PUBLIC, SOCIETAL BENEFIT
2023
$50K
For grant recipient's exempt purposes
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$35K
PUBLIC, SOCIETAL BENEFIT
2020
$25K
UNRESTRICTED GENERAL SUPPORT
2020
$25K
For grant recipient's exempt purposes
2020
$135K
PUBLIC, SOCIETAL BENEFIT
2019
$25K
CHARITABLEGENERAL OPERATING SUPPORT
2019
$25K
UNRESTRICTED GENERAL SUPPORT
2019
$25K
For grant recipient's exempt purposes
2019
$25K
PUBLIC, SOCIETAL BENEFIT
2018
$25K
2018 BOARD ANNUAL CONTRIBUTION
2018
$10K
2018 BERL'S TIN CUP - 3ND PMT OF 5YR PLEDGE
2018
$10K
2018 ANNIVERSARY DINNER
2018
$10K
SUPPORT OF SEC. 501(C)(3) ORGANIZATION
2018
$50K
INTERNATIONAL/FOREIGN AFFAIRS
2017

Funded by

$615K from 7 funders · 21 grants · 2017–2024

Donor Advised Charitable Giving Inc

$255K · 5 grants · 2017–2023

Morgan Stanley Global Impact Funding Trust Inc

$150K · 6 grants · 2019–2024

Fidelity Investments Charitable Gift Fund

$125K · 4 grants · 2019–2023

Blue Foundation

$45K · 3 grants · 2018

Arete Foundation

$25K · 1 grant · 2019

The Salem Family Foundation Inc

$10K · 1 grant · 2018

American Endowment Foundation

$5K · 1 grant · 2020

Details

EIN020760094
NTEE codeS30
Subsection03
Ruling date2006-11
Formed2005
Employees3
Volunteers18
MIDDLE EAST INVESTMENT INITIATIVE INC — Mission, Financials & Grants Received | Grantivo