Civic Intelligence

Albanian-American Enterprise Fund

EIN 13-3826249 • 501(c)3 • New York, NY

Profile

The albanian-american enterprise fund (aaef or the fund) is a private investment fund established to assist albania in its transition to a market economy. To accomplish this, the aaef will invest in a wide array of private enterprises, disseminate western business know-how, and when appropriate, propose changes to government policies affecting business. Moreover, it is the funds intent to demonstrate to other potential investors that investment in albania can be successful and profitable. The fund strives to be a catalyst for additional private investment in albania.aaef is a nonstock nonprofit corporation established pursuant to the support for east european democracy act of 1989 for the primary purpose of promoting the private sector development in albania and policies and practices conductive to such development. The fund is capitalized by a grant agreement with the us agency for international development (usaid).

CO F Qello 780 Third Av 46th FLNew York, NY 10017

aaef.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.09x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

15th percentile

$169,160

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-11%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$82,761,194

Down $12,306,331 (-13%) from 2021

Liabilities

Down

$609,565

Down $183,153 (-23%) from 2021

Net Assets

Down

$82,151,629

Down $12,123,178 (-13%) from 2021

Revenue

Down

$6,638,985

Down $814,976 (-11%) from 2021

Expenses

Up

$141,369

Up $36,188 (+34%) from 2021

Net Income

Down

$6,497,616

Down $851,164 (-12%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $51,029,571Liabilities 2011: $4,728,871Net Assets 2011: $46,300,7002011Assets 2012: $54,175,854Liabilities 2012: $4,932,383Net Assets 2012: $49,243,4712012Assets 2013: $59,597,999Liabilities 2013: $4,154,362Net Assets 2013: $55,443,6372013Assets 2014: $62,671,504Liabilities 2014: $3,723,851Net Assets 2014: $58,947,6532014Assets 2015: $65,316,783Liabilities 2015: $2,287,570Net Assets 2015: $63,029,2132015Assets 2016: $75,883,874Liabilities 2016: $2,136,238Net Assets 2016: $73,747,6362016Assets 2017: $64,151,872Liabilities 2017: $1,870,689Net Assets 2017: $62,281,1832017Assets 2018: $69,208,409Liabilities 2018: $1,138,752Net Assets 2018: $68,069,6572018Assets 2019: $70,207,697Liabilities 2019: $1,036,345Net Assets 2019: $69,171,3522019Assets 2020: $79,161,091Liabilities 2020: $833,982Net Assets 2020: $78,327,1092020Assets 2021: $95,067,525Liabilities 2021: $792,718Net Assets 2021: $94,274,8072021Assets 2022: $82,761,194Liabilities 2022: $609,565Net Assets 2022: $82,151,6292022

Highlighted filing

2022

Assets$82,761,194
Liabilities$609,565
Net Assets$82,151,629

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2011: $150,479,1952011Expenses 2012: $1,847,3802012Revenue 2013: $6,721,218Expenses 2013: $1,398,724Net Income 2013: $5,322,4942013Revenue 2014: $5,201,164Expenses 2014: $1,121,978Net Income 2014: $4,079,1862014Revenue 2015: $7,713,852Expenses 2015: $846,943Net Income 2015: $6,866,9092015Revenue 2016: $12,793,282Expenses 2016: $851,019Net Income 2016: $11,942,2632016Revenue 2017: $6,266,072Expenses 2017: $15,747,019Net Income 2017: -$9,480,9472017Revenue 2018: $3,323,231Expenses 2018: $232,602Net Income 2018: $3,090,6292018Revenue 2019: $3,729,516Expenses 2019: $5,161,701Net Income 2019: -$1,432,1852019Revenue 2020: $6,874,966Expenses 2020: $116,634Net Income 2020: $6,758,3322020Revenue 2021: $7,453,961Expenses 2021: $105,181Net Income 2021: $7,348,7802021Revenue 2022: $6,638,985Expenses 2022: $141,369Net Income 2022: $6,497,6162022

Highlighted filing

2022

Revenue$6,638,985
Expenses$141,369
Net Income$6,497,616

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 17, 2023
Return Version
2021v4.2
Gross Receipts
$6,638,985
Mission and Program Overview

Mission

The albanian-american enterprise fund (aaef or the fund) is a private investment fund established to assist albania in its transition to a market economy. To accomplish this, the aaef will invest in a wide array of private enterprises, disseminate western business know-how, and when appropriate, propose changes to government policies affecting business. Moreover, it is the funds intent to demonstrate to other potential investors that investment in albania can be successful and profitable. The fund strives to be a catalyst for additional private investment in albania.aaef is a nonstock nonprofit corporation established pursuant to the support for east european democracy act of 1989 for the primary purpose of promoting the private sector development in albania and policies and practices conductive to such development. The fund is capitalized by a grant agreement with the us agency for international development (usaid).

Development of private sector in albania

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$79,274,807$67,151,629▼ $12,123,178
Investments Other Securities$81,111,716$66,700,229▼ $14,411,487
Cap Stk Tr Prin Current Funds$15,000,000$15,000,000→ $0
Savings and Temporary Cash Investments$6,980,773$11,367,497▲ $4,386,724
Investments Program Related$6,933,249$4,678,486▼ $2,254,763
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$95,067,525$82,761,194▼ $12,306,331
Other Assets Total$41,787$14,982▼ $26,805
Liabilities
Accounts Payable and Accrued Expenses$792,718$609,565▼ $183,153
Total Liabilities$792,718$609,565▼ $183,153
Net Assets / Fund Balance
Total Net Assets Fund Balance$94,274,807$82,151,629▼ $12,123,178
Total Liabilities and Net Assets / Fund Balance$95,067,525$82,761,194▼ $12,306,331

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$4,678,486--
Other Securities$66,700,229--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Florida QelloSecretary-$141,490$141,490
Aleksander SarapuliCo-CEO$7,562$896$8,458
Martin MataCo-CEO$7,562$896$8,458

Board Members and Trustees

NameTitle
Michael D GranoffChairman
Dianne BlaneBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,898,248
Investment Income
$1,740,737
Other Revenue
$0
Change in Net Assets
$6,497,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,638,985
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-18,339,330
Total Revenue per Audited Statements
$-11,700,345
Total Revenue per Form 990
$6,638,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,193
Salaries, Compensation, and Employee Benefits$21,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$65,381--$65,381
Insurance$28,996--$28,996
Current Officers, Directors, Trustees, and Key Employees$16,916--$16,916
Fees for Services Legal$7,728--$7,728
Other Expenses$6,533--$6,533
Fees for Services Accounting$6,000--$6,000
Office Expenses$5,237--$5,237
Other Salaries and Wages$4,260--$4,260
Fees for Services Other$318--$318
Total Functional Expenses$141,369$0$0$141,369

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$422,833
Expenses Not Reported on Form 990$281,464
Expenses per Audited Statements$141,369
Total Expenses per Form 990$141,369
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
2
Spending
$24,426

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
AlbaniaDevelopment of Private Sector in Albania.All Activity Is Pursuant to the Grant Agreement With Usaid as Described in Schedule O.12$24,426
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The policy is that each member of the board has an opportunity to review the 990 before it is signed and filed.

Form 990, Part VI, Section B, Line 12C

All policies are monitored and enforced by the independent board on a regular and continuous basis. Also all policies need to be in accoradance with the grant agreement with usaid.

Form 990, Part VI, Section B, Line 15

Compensation is reviewed by the independent board annually. Also there are limits on the amount of compensation under the grant agreement with usaid.

Form 990, Part VI, Section C, Line 19

All documents and information are available upon request.

Filing and Contact Details

Filer

Filer Name
Albanian-american Enterprise Fund
EIN
13-3826249
Phone
3474468138
Address
CO F QELLO 780 THIRD AV 46TH FL, NEW YORK, NY 10017

Signing Officer

Name
Martin Mata
Title
Co-CEO
Phone
3474468138
Signed
2023-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Mata
Formed
1995
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
1
Volunteers
0

Preparer

Firm
Frank J Brigante CPA Pc
Address
110 COX AVE, ARMONK, NY 10504
Preparer
Frank J Brigante
Phone
9147303130
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net increase in unrealized appreciation of debt and equity investment -18,339,330. Net change in financial statement reserve -281,464.

Part XII Line 2C

Procedure has not changed from prior year.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01487237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01452844
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01414034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01319064
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07413916
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04898248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05966724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05422122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02315482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02004167
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt020606743
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01740737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01487237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01452844
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01414034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01319064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07413916
IRS990ScheduleA/InvestmentIncomeCYPct00.26460
IRS990ScheduleA/InvestmentIncomePYPct00.32830
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.73540
IRS990ScheduleA/PublicSupportPY509Pct00.67170
IRS990ScheduleA/PublicSupportTotal509Amt020606743
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04898248
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05966724
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05422122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02315482
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02004167
IRS990ScheduleA/Total509Grp/TotalAmt020606743
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06638985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07453961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06874966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03729516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03323231
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt028020659
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt0281464
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0141369
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04678486
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ALBANIAN EQUITY INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LossesReportedAmt0281464
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-18339330
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt066700229
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD ASST MANAGEMENT ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-18339330
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06638985
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt04678486
IRS990ScheduleD/TotalBookValueSecuritiesAmt066700229
IRS990ScheduleD/TotalExpensesPerForm990Amt0141369
IRS990ScheduleD/TotalRevenuePerForm990Amt06638985
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-11700345
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0422833
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt024426
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0ALBANIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ALL ACTIVITY IS PURSUANT TO THE GRANT AGREEMENT WITH USAID AS DESCRIBED IN SCHEDULE O.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0DEVELOPMENT OF PRIVATE SECTOR IN ALBANIA.
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt024426
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt024426
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt07562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt17562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0143678
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1143678
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0896
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt1896
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt117024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ALEKSANDER SARAPULI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARTIN MATA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CO-CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CO-CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt08458
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt18458
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0160702
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1160702
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EMPLOYEE INCENTIVE COMPENSATION PLAN - TO PROMOTE THE OBJECTIVES OF THE FUND, PROVIDE INCENTIVE TO MAXIMIZE EFFORT, AND TO PROMOTE CONTINUED EMPLOYMENT, THE FUND ESTABLISHED A NON-FIXED INCENTIVE COMPENSATION PLAN. THE PLAN HAS LIMITS TO SUCH COMPENSATION BASED ON THE VALUE OF THE FUND ASSETS AND MAY BE SETTLED IN CASH WHEN ALL INVESTMENTS ARE LIQUIDATED.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS THAT EACH MEMBER OF THE BOARD HAS AN OPPORTUNITY TO REVIEW THE 990 BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL POLICIES ARE MONITORED AND ENFORCED BY THE INDEPENDENT BOARD ON A REGULAR AND CONTINUOUS BASIS. ALSO ALL POLICIES NEED TO BE IN ACCORADANCE WITH THE GRANT AGREEMENT WITH USAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED BY THE INDEPENDENT BOARD ANNUALLY. ALSO THERE ARE LIMITS ON THE AMOUNT OF COMPENSATION UNDER THE GRANT AGREEMENT WITH USAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS AND INFORMATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NET INCREASE IN UNREALIZED APPRECIATION OF DEBT AND EQUITY INVESTMENT -18,339,330. NET CHANGE IN FINANCIAL STATEMENT RESERVE -281,464.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCEDURE HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ALBANIAN-AMERICAN DEVELOPMENT FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0272782213
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ASSIST ALBANIA IN ITS TRANSITION TO A MARKET ECONOMY.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0C/O F QELLO 780 THIRD AV 46TH FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010017
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt010723
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1553750

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