Civic Intelligence

Albanian-American Development Foundation

990 • Fiscal year 2017 • EIN 27-2782213

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

Organization ProfileAADF.ORG
C/O F Qello 780 Third Av 46th FLNew York, NY 10017

(347) 446-8138

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.12x

Higher debt load relative to revenue than 16% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$160,129

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

63rd percentile

9.0%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-70%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$223,961,656

Up $18,421,944 (+9.0%) from 2016

Net Assets

Up

$223,204,856

Up $18,567,365 (+9.1%) from 2016

Liabilities

Down

$756,800

Down $145,421 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin71st percentile

Revenue

Down

$6,191,555

Down $14,275,397 (-70%) from 2016

Expenses

Up

$5,459,512

Up $509,575 (+10%) from 2016

Net Income

Down

$732,043

Down $14,784,972 (-95%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $150,528,414Liabilities 2011: $28,668Net Assets 2011: $150,499,7462011Assets 2012: $163,998,761Liabilities 2012: $191,436Net Assets 2012: $163,807,3252012Assets 2013: $177,222,755Liabilities 2013: $401,584Net Assets 2013: $176,821,1712013Assets 2014: $185,714,832Liabilities 2014: $373,247Net Assets 2014: $185,341,5852014Assets 2015: $183,865,325Liabilities 2015: $607,582Net Assets 2015: $183,257,7432015Assets 2016: $205,539,712Liabilities 2016: $902,221Net Assets 2016: $204,637,4912016Assets 2017: $223,961,656Liabilities 2017: $756,800Net Assets 2017: $223,204,8562017Assets 2018: $216,065,025Liabilities 2018: $1,589,239Net Assets 2018: $214,475,7862018

Highlighted filing

2017

Assets$223,961,656
Liabilities$756,800
Net Assets$223,204,856
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2011: $588,1872011Expenses 2012: $2,567,3562012Revenue 2013: $5,299,404Expenses 2013: $2,312,363Net Income 2013: $2,987,0412013Revenue 2014: $8,083,183Expenses 2014: $3,440,057Net Income 2014: $4,643,1262014Revenue 2015: $3,983,012Expenses 2015: $3,671,470Net Income 2015: $311,5422015Revenue 2016: $20,466,952Expenses 2016: $4,949,937Net Income 2016: $15,517,0152016Revenue 2017: $6,191,555Expenses 2017: $5,459,512Net Income 2017: $732,0432017Revenue 2018: $9,264,607Expenses 2018: $7,013,354Net Income 2018: $2,251,2532018

Highlighted filing

2017

Revenue$6,191,555
Expenses$5,459,512
Net Income$732,043
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$6,217,988
Mission and Program Overview

Mission

It is the foundation's mission to facilitate the development of a sustainable private sector economy and a democratic society in albania, and to contribute to stability in southeastern europe. Specifically, the foundation will sponsor the following programs to further its mission: education for sustainable development; entrepreneurship; leadership development; and support for cultural tourism and ecotourism.the foundation will establish a center in tirana which will provide a local base of operations for the foundation, offer access to materials relevant to its areas of activity, and provide a central site for the foundation's services and programs. It will also serve as a symbol of united states commitment and contributions to the democracy and well-being of the people of albania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$202,738,005$218,396,178▲ $15,658,173
Cash and Non-Interest-Bearing Accounts$2,338,354$2,746,024▲ $407,670
Land, Buildings, and Equipment, Net$69,016$2,175,943▲ $2,106,927
Total Assets$205,539,712$223,961,656▲ $18,421,944
Other Assets Total$394,337$643,511▲ $249,174
Liabilities
Accounts Payable and Accrued Expenses$688,735$547,664▼ $141,071
Other Liabilities$213,486$209,136▼ $4,350
Total Liabilities$902,221$756,800▼ $145,421
Net Assets / Fund Balance
Unrestricted Net Assets$204,637,491$223,204,856▲ $18,567,365
Total Net Assets Fund Balance$204,637,491$223,204,856▲ $18,567,365
Total Liabilities and Net Assets / Fund Balance$205,539,712$223,961,656▲ $18,421,944

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,175,943$210,918$2,386,861
Other Securities$5,103,723--
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aleksander SarapuliCo-CEOPT$117,639$10,464$128,103
Martin MataCo-CEOPT$117,639$10,464$128,103
Florida QelloSecretary of the BoardPT$77,577$49,917$127,494

Board Members and Trustees

NameTitle
Michael D GranoffChairman
Aida RepishtiBoard Member
Cafo BogaBoard Member
Diane BlaneBoard Member
Domenick G ScaglioneBoard Member
Douglas G CarlstonBoard Member
James H Duffy EsqBoard Member
Jill AdlerBoard Member
Ron CamiBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$408,503
Program Service Revenue
$0
Investment Income
$5,782,544
Other Revenue
$508
Change in Net Assets
$732,043

Noncash Contribution Practices

Property subject to holding requirements
Yes
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$408,503Fixed Asset Book Basis
Total Noncash Contributions1$408,503-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,191,555
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,835,322
Total Revenue per Audited Statements
$24,026,877
Total Revenue per Form 990
$6,191,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,465,168
Salaries, Compensation, and Employee Benefits$717,277
Grants and Similar Amounts Paid$277,067
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates-$462,729-$462,729
Fees for Service Investment Mgmnt Fees-$435,282-$435,282
Other Salaries and Wages$278,330$85,224-$363,554
Current Officers, Directors, Trustees, and Key Employees-$312,855-$312,855
Fees for Services Other$304,170--$304,170
Foreign Grants$277,067--$277,067
Other Expenses$2,761,010$147,154-$147,154
Office Expenses-$92,128-$92,128
Fees for Services Management-$68,983-$68,983
Travel-$53,890-$53,890
Occupancy-$51,784-$51,784
Other Employee Benefits-$40,868-$40,868
Depreciation Depletion-$36,824-$36,824
Insurance-$22,613-$22,613
Fees for Services Legal-$17,059-$17,059
Fees for Services Accounting-$11,542-$11,542
Total Functional Expenses$3,620,577$1,838,935$0$5,459,512

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,459,512
Total Expenses per Audited Statements$5,459,512
Total Expenses per Form 990$5,459,512
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
23
Spending
$4,798,509

International Compliance

Foreign grant records maintained
No
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.EDUCATION FOR SUSTAINABLE DEVELOPMENT; ENTREPRENEURSHIP; LEADERSHIP DEVELOPMENT; AND SUPPORT FOR CULTURAL TOURISM AND ECOTOURISM.123$4,798,509
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Albanian-american Enterprise Fund$181,260
Payroll Tax Payable$27,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The entire board recieved the return electronically for review prior to filing.”

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 polocies need to be in compliance with the organization exempt purpose any by-laws.”

Form 990, Part VI, Section B, Line 15

“Compensation will be reviewed by the independent board annually.”

Form 990, Part VI, Section C, Line 19

“All documents and information are avaialble upon request.”

Filing and Contact Details

Filer

Filer Name
Albanian-american Development Foundation
EIN
27-2782213
Phone
3474468138
Address
C/O F QELLO 780 THIRD AV 46TH FL, NEW YORK, NY 10017

Signing Officer

Name
Martin Mata
Title
Co-CEO
Phone
3474468138
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Mata
Formed
2010
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
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 XII, LINE 2C:

“Procedure has not changed from prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Realized gain(loss) on investments 17,835,322.”

Raw XML AppendixShowing 400 of 567 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0688735
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0547664
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0IT IS THE FOUNDATION'S MISSION TO FACILITATE THE DEVELOPMENT OF A SUSTAINABLE PRIVATE SECTOR ECONOMY AND A DEMOCRATIC SOCIETY IN ALBANIA, AND TO CONTRIBUTE TO STABILITY IN SOUTHEASTERN EUROPE. SPECIFICALLY, THE FOUNDATION WILL SPONSOR THE FOLLOWING PROGRAMS TO FURTHER ITS MISSION: EDUCATION FOR SUSTAINABLE DEVELOPMENT; ENTREPRENEURSHIP; LEADERSHIP DEVELOPMENT; AND SUPPORT FOR CULTURAL TOURISM AND ECOTOURISM.THE FOUNDATION WILL ESTABLISH A CENTER IN TIRANA WHICH WILL PROVIDE A LOCAL BASE OF OPERATIONS FOR THE FOUNDATION, OFFER ACCESS TO MATERIALS RELEVANT TO ITS AREAS OF ACTIVITY, AND PROVIDE A CENTRAL SITE FOR THE FOUNDATION'S SERVICES AND PROGRAMS. IT WILL ALSO SERVE AS A SYMBOL OF UNITED STATES COMMITMENT AND CONTRIBUTIONS TO THE DEMOCRACY AND WELL-BEING OF THE PEOPLE OF ALBANIA.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TAXPAYER
IRS990/BooksInCareOfDetail/PhoneNum03474468138
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0C/O F QELLO 780 THIRD AV 46TH FL
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010017
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02338354
IRS990/CashNonInterestBearingGrp/EOYAmt02746024
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0312855
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0312855
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0408503
IRS990/CYGrantsAndSimilarPaidAmt0277067
IRS990/CYInvestmentIncomeAmt05782544
IRS990/CYOtherExpensesAmt04465168
IRS990/CYOtherRevenueAmt0508
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0732043
IRS990/CYSalariesCompEmpBnftPaidAmt0717277
IRS990/CYTotalExpensesAmt05459512
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06191555
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt036824
IRS990/DepreciationDepletionGrp/TotalAmt036824
IRS990/Desc0DEVELOPMENT OF PRIVATE SECTOR OF COUNTRY OF ALBANIA; THROUGH LOANS-GRANTS-EQUITY INVESTMENTS-FEASIBILITY STUDIES- TECHNICAL ASSISTANCE-TRAINING-INSURANCE-AND OTHER
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03620577
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011542
IRS990/FeesForServicesAccountingGrp/TotalAmt011542
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt017059
IRS990/FeesForServicesLegalGrp/TotalAmt017059
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt068983
IRS990/FeesForServicesManagementGrp/TotalAmt068983
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0304170
IRS990/FeesForServicesOtherGrp/TotalAmt0304170
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0435282
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0435282
IRS990/ForeignActivitiesInd01
IRS990/ForeignCountryCd0AL
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignGrantsGrp/ProgramServicesAmt0277067
IRS990/ForeignGrantsGrp/TotalAmt0277067
IRS990/ForeignOfficeInd01
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt28.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt38.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt48.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt932.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1032.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1132.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt913080
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1030522
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1113080
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL D GRANOFF
IRS990/Form990PartVIISectionAGrp/PersonNm1DOMENICK G SCAGLIONE
IRS990/Form990PartVIISectionAGrp/PersonNm2CAFO BOGA
IRS990/Form990PartVIISectionAGrp/PersonNm3DIANE BLANE
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES H DUFFY ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm5DOUGLAS G CARLSTON
IRS990/Form990PartVIISectionAGrp/PersonNm6JILL ADLER
IRS990/Form990PartVIISectionAGrp/PersonNm7RON CAMI
IRS990/Form990PartVIISectionAGrp/PersonNm8AIDA REPISHTI
IRS990/Form990PartVIISectionAGrp/PersonNm9MARTIN MATA
IRS990/Form990PartVIISectionAGrp/PersonNm10FLORIDA QELLO
IRS990/Form990PartVIISectionAGrp/PersonNm11ALEKSANDER SARAPULI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9117639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1077577
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11117639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt929410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1019395
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1129410
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CO-CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt11CO-CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01279587
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0277067
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01306020
IRS990/GrossReceiptsAmt06217988
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt022613
IRS990/InsuranceGrp/TotalAmt022613
IRS990/InvestmentIncomeGrp/ExclusionAmt04502957
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04502957
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0202738005
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0218396178
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0210918
IRS990/LandBldgEquipBasisNetGrp/BOYAmt069016
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02175943
IRS990/LandBldgEquipCostOrOtherBssAmt02386861
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt026433
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IT IS THE FOUNDATION'S MISSION TO FACILITATE THE DEVELOPMENT OF A SUSTAINABLE PRIVATE SECTOR ECONOMY AND A DEMOCRATIC SOCIETY IN ALBANIA, AND TO CONTRIBUTE TO STABILITY IN SOUTHEASTERN EUROPE. SPECIFICALLY, THE FOUNDATION WILL SPONSOR THE FOLLOWING PROGRAMS TO FURTHER ITS MISSION: EDUCATION FOR SUSTAINABLE DEVELOPMENT; ENTREPRENEURSHIP; LEADERSHIP DEVELOPMENT; AND SUPPORT FOR CULTURAL TOURISM AND ECOTOURISM.THE FOUNDATION WILL ESTABLISH A CENTER IN TIRANA WHICH WILL PROVIDE A LOCAL BASE OF OPERATIONS FOR THE FOUNDATION, OFFER ACCESS TO MATERIALS RELEVANT TO ITS AREAS OF ACTIVITY, AND PROVIDE A CENTRAL SITE FOR THE FOUNDATION'S SERVICES AND PROGRAMS. IT WILL ALSO SERVE AS A SYMBOL OF UNITED STATES COMMITMENT AND CONTRIBUTIONS TO THE DEMOCRACY AND WELL-BEING OF THE PEOPLE OF ALBANIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt0204637491
IRS990/NetAssetsOrFundBalancesEOYAmt0223204856
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01279587
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01279587
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt017835322
IRS990/NoncashContributionsAmt0408503
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt051784
IRS990/OccupancyGrp/TotalAmt051784
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt092128
IRS990/OfficeExpensesGrp/TotalAmt092128
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0394337
IRS990/OtherAssetsTotalGrp/EOYAmt0643511
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt040868
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040868
IRS990/OtherExpensesGrp/Desc0PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc1TRUSTEES' EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0147154
IRS990/OtherExpensesGrp/ProgramServicesAmt02761010
IRS990/OtherExpensesGrp/TotalAmt02761010
IRS990/OtherExpensesGrp/TotalAmt1147154
IRS990/OtherLiabilitiesGrp/BOYAmt0213486
IRS990/OtherLiabilitiesGrp/EOYAmt0209136
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0508
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0508
IRS990/OtherRevenueTotalAmt0508
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085224
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0278330
IRS990/OtherSalariesAndWagesGrp/TotalAmt0363554
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0462729
IRS990/PaymentsToAffiliatesGrp/TotalAmt0462729
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARTIN MATA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015000000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0129988
IRS990/PYInvestmentIncomeAmt05466952
IRS990/PYOtherExpensesAmt04073239
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt015517015
IRS990/PYSalariesCompEmpBnftPaidAmt0746710
IRS990/PYTotalExpensesAmt04949937
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020466952
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0732043
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0408503
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0408503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt015000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015408503
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05782544
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05466952
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03983012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08083183
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05299404
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028615095
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.35000
IRS990ScheduleA/PublicSupportPY170Pct00.34660
IRS990ScheduleA/PublicSupportTotal170Amt015408503
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0408503
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt015000000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015408503
IRS990ScheduleA/TotalSupportAmt044023598
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05459512
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02175943
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0210918
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02386861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0181260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ALBANIAN-AMERICAN ENTERPRISE FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/OtherRevenueAmt017835322
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt076771374
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt131181744
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt255714634
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt318988048
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt429575401
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51061254
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt65103723
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD TOTAL STOCK MARKET INDEX INTERNATIONAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD INTERMEDIATE TERM INVESTMENT GRADE
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VANGUARD TOTAL BOND MARKET INDEX FUND INST
IRS990ScheduleD/OtherSecuritiesGrp/Desc3VANGUARD TOTAL INTERNATIONAL STOCK INDEX
IRS990ScheduleD/OtherSecuritiesGrp/Desc4BLACKSTONE PARTNERS OFFSHORE FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CRIMSON FINANCE FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc6VANGUARD HIGH-YIELD CORPROATE FUND ADMIRAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/RevenueNotReportedAmt017835322
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06191555
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REALIZED GAIN(LOSS) ON INVESTMENTS 17,835,322.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02175943
IRS990ScheduleD/TotalBookValueSecuritiesAmt0218396178
IRS990ScheduleD/TotalExpensesPerForm990Amt05459512
IRS990ScheduleD/TotalLiabilityAmt0209136
IRS990ScheduleD/TotalRevenuePerForm990Amt06191555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024026877
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05459512
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt023
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt04798509
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0ALBANIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDUCATION FOR SUSTAINABLE DEVELOPMENT; ENTREPRENEURSHIP; LEADERSHIP DEVELOPMENT; AND SUPPORT FOR CULTURAL TOURISM AND ECOTOURISM.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0DEVELOPMENT OF PRIVATE SECTOR IN ALBANIA.
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0277067
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0THE DEVELOPMENT OF A SUSTAINABLE PRIVATE SECTOR ECONOMY AND A DEMOCRATIC SOCIETY IN ALBANIA,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0ALBANIA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt023
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt04798509
IRS990ScheduleF/TotalEmployeeCnt023
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt04798509
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0117639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1117639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt029410
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt129410
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/NontaxableBenefitsFilingOrgAmt010464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt110464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt02616

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$223,961,656
Liabilities
$756,800
Net assets
$223,204,856
Revenue
$6,191,555
Expenses
$5,459,512
Net income
$732,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$216$1.59$214$9.26$7.01$2.25
2017Detailed filing. Detailed filing data is available for this year.$224$0.76$223$6.19$5.46$0.73
2016Detailed filing. Detailed filing data is available for this year.$206$0.90$205$20.5$4.95$15.5
2015Detailed filing. Detailed filing data is available for this year.$184$0.61$183$3.98$3.67$0.31
2014Detailed filing. Detailed filing data is available for this year.$186$0.37$185$8.08$3.44$4.64
2013Detailed filing. Detailed filing data is available for this year.$177$0.40$177$5.30$2.31$2.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$164$0.19$164$2.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$151$0.03$150$0.59