Civic Intelligence

The Azraq Education and Community Fund Inc.

990 • Fiscal year 2022 • EIN 47-4547136

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

319 E 50th StreetNew York, NY 10022

(914) 420-7985

Siviq Scores

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

Liabilities / Assets

86th percentile

0.08x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.02x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-21%

Higher net margin than 24% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$11,250

Higher top officer pay than 99% of similar nonprofits.

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

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Asset Growth

19th percentile

-39%

Faster asset growth than 19% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-47%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$140,362

Down $88,932 (-39%) from 2021

Net Assets

Down

$129,751

Down $88,138 (-40%) from 2021

Liabilities

Down

$10,611

Down $794 (-7.0%) from 2021

Revenue

Down

$426,941

Down $379,739 (-47%) from 2021

Expenses

Down

$515,079

Down $252,773 (-33%) from 2021

Net Income

Down

-$88,138

Down $126,966 (-327%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2015: $43,192Liabilities 2015: $0Net Assets 2015: $43,1922015Assets 2016: $88,962Liabilities 2016: $0Net Assets 2016: $88,9622016Assets 2017: $138,460Liabilities 2017: $467Net Assets 2017: $137,9932017Assets 2018: $221,015Liabilities 2018: $37Net Assets 2018: $220,9782018Assets 2019: $136,078Liabilities 2019: $152Net Assets 2019: $135,9262019Assets 2020: $179,418Liabilities 2020: $357Net Assets 2020: $179,0612020Assets 2021: $229,294Liabilities 2021: $11,405Net Assets 2021: $217,8892021Assets 2022: $140,362Liabilities 2022: $10,611Net Assets 2022: $129,7512022Assets 2023: $179,522Liabilities 2023: $524Net Assets 2023: $178,9982023Assets 2024: $211,106Liabilities 2024: $7,676Net Assets 2024: $203,4302024

Highlighted filing

2022

Assets$140,362
Liabilities$10,611
Net Assets$129,751

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $77,287Expenses 2015: $34,094Net Income 2015: $43,1932015Revenue 2016: $209,618Expenses 2016: $161,043Net Income 2016: $48,5752016Revenue 2017: $205,902Expenses 2017: $156,871Net Income 2017: $49,0312017Revenue 2018: $392,510Expenses 2018: $309,525Net Income 2018: $82,9852018Revenue 2019: $157,152Expenses 2019: $242,204Net Income 2019: -$85,0522019Revenue 2020: $396,847Expenses 2020: $353,712Net Income 2020: $43,1352020Revenue 2021: $806,680Expenses 2021: $767,852Net Income 2021: $38,8282021Revenue 2022: $426,941Expenses 2022: $515,079Net Income 2022: -$88,1382022Revenue 2023: $615,657Expenses 2023: $566,410Net Income 2023: $49,2472023Revenue 2024: $601,210Expenses 2024: $576,778Net Income 2024: $24,4322024

Highlighted filing

2022

Revenue$426,941
Expenses$515,079
Net Income-$88,138
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$426,941
Mission and Program Overview

Mission

Our mission is to restore dignity and enrich the lives of syrian refugees and other vulnerable families by providing critically-needed items and supporting educational programs.

Our mission is to restore dignity and enrich the lives of Syrian refugees and other vulnerable families living in the rural and underserved community of Azraq, Jordan by providing innovative education opportunities and critical humanitarian aid.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$229,294$140,362▼ $88,932
Total Assets$229,294$140,362▼ $88,932
Liabilities
Accounts Payable and Accrued Expenses$11,405$10,611▼ $794
Other Liabilities$0$0→ $0
Total Liabilities$11,405$10,611▼ $794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$157,025$99,972▼ $57,053
Net Assets With Donor Restrictions$60,864$29,779▼ $31,085
Total Net Assets Fund Balance$217,889$129,751▼ $88,138
Total Liabilities and Net Assets / Fund Balance$229,294$140,362▼ $88,932
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alexis ShereshewskyExecutive DirectorFT$11,250$11,250

Board Members and Trustees

NameTitle
Jerry ShereshewskyBoard Member
Joe MoosaBoard Member
Ken BernhardBoard Member
Martine StilwellBoard Member
Mary MuranoBoard Member
Yasir DhannoonBoard Member
Demetri BlaisdellChief of Business Affairs
Revenue and Support

Revenue Composition

Contributions and Grants
$426,941
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$426,941
Change in Net Assets
$-88,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,067
Grants and Similar Amounts Paid$171,550
Other Expenses$90,462
Total Fundraising Expense$7,197
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$241,817$0$0$241,817
Foreign Grants$171,550--$171,550
Travel$16,239$0$1,264$17,503
Fees for Services Accounting$1,312$14,133$185$15,630
Current Officers, Directors, Trustees, and Key Employees$5,471$4,348$1,431$11,250
Fees for Services Legal$11,014$0$0$11,014
All Other Expenses$55$146$3,699$3,900
Advertising$0$0$474$474
Other Expenses$0$18$0$18
Total Functional Expenses$486,199$21,683$7,197$515,079
International Activity

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
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
Federal income taxes$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
The Azraq Education and Community Fund Inc
EIN
47-4547136
Phone
9144207985
Address
319 E 50th Street, New York, NY 10022

Signing Officer

Name
Alexis Shereshewsky
Title
Executive Director
Phone
9144207985
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexis Shereshewsky
Formed
2015
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Richards Accounting & Financial Services
Address
829 NOSTRAND AVENUE, BROOKLYN, NY 11225
Preparer
Genroy A Richards
Phone
7182211282
Supplemental Narrative

Additional Explanations

Pt III, Line 2

In 2022 the Organization launched a variety of programs specifically targeting teenagers. This includes: a college prep program for 11th grade girls, an english immersion program for teen boys and girls,Tawjihi (Jordanian Secondary Education Certificate) prep classes, and a youth in STEM program for boys & girls to teach core STEM skills through LEGO.

Pt VI, Line 2

One board member is the father of the Executive Director, two of the board members are married.

Pt VI, Line 11B

A copy of the organization's 2022 financial statement and draft of 990 is provided to the board of directors. After a discussion of the documents, including a review of the draft 990, the board of directors voted to approve the contents of the form 990 prior to submission.

Pt VI, Line 12C

All board members are required to sign a conflict of interest policy. Boiard members are reminded to disclose any conflicts as they arise.

Pt VI, Line 15A

Compensation, if any, of all directors and officers are fixed by the board and shall be reasonable in amount. In 2022, an independent compensation committee approved an annual stipend for the Executive Director.

Pt VI, Line 15B

Same as 15a, the Executive is also an officer of the organization.

Pt VI, Line 19

The Azraq Education and Community Fund's governing documents, financial statements and form 990 are available on our website and the form 990 is available on major websites such as GuideStar. Every year AECF publishes and distributes an annual report with program details and financial statements from the previous year to all donors.

Form 990, Part III, Line 4D

Youth in STEM: 1410. 0. 0.

Form 990, Part III, Line 4D

to reach a total of 280 students this year! 0. 0. 0.

Financial Statement Notes

Pt X, Line 2

AECF has analyzed its tax positions and concluded it has no uncertain tax positions. Accordingly, an accrual of liability related to uncertain tax positions is not deemed necessary. AECF is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The form 990, return of organization exempt from income tax, of AECF was filed for all years between 2016 and 2022 and is subject to examination by teh IRS, generally for three years after it is filed. AECF has not incurred income tax or penalties.

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IRS990/Desc0The Azraq Education Center: Founded in 2014, The Azraq Education Center is an academic enhancement program providing remedial education and enrichment opportunities for Syrian refugees and vulnerable Jordanians in South Azraq, Jordan. The Azraq Center hosts 350+ students starting at level Pre-K through grade 12. We offer daily instruction in Arabic, English, Math, Science, IT, Art, Music, and more for some of the most vulnerable children in Azraq. Our program aims to benefit the wider community through regular outreach, awareness sessions, humanitarian aid distributions, and other activities. We are proud to have created more than 20 jobs for members of the Azraq community through the center. 98% of these jobs were filled by women. Expenses for the center include local salaries (teachers, school cook, bus driver, and school administrator) (see Part IX line 7), a lunch program, transportation to pick up and drop off students, and program supplies including IT equipment, school supplies and other actibvities.
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IRS990/MissionDesc0Our mission is to restore dignity and enrich the lives of Syrian refugees and other vulnerable families living in the rural and underserved community of Azraq, Jordan by providing innovative education opportunities and critical humanitarian aid. Our organization is committed to benefiting the wider community of Azraq by creating employment opportunities and supporting the local economy whenever possible.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Montessori: In collaboration with the Blossom Hill Foundation, AECF operated a Montessori- inspired Early Education Center for 60 choldren ages 3-5. In 2022, AECF invested in intensive Montessori Training by two internationally-certified trainers. Teachers focused on Montessori Methodology and use of Montessori-specific tools in a peer-to-peer environment, in an effort to enhance student's core skills in reading, writing, basic math, and life skills.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Building: In 2022, we completed final construction of our school facility for The Azraq Education Center. The building and land are owned by our local Jordanian Charity Partner, Nachmyat Eastern Badia Association, who gives AECF exclusive use of the space for our education program for a nominal fee of $1. The building consists of 10 classrooms, one specifically designed Montessori classroom, an IT Lab with computers and tablets, Library and Study space, sport Court, Theater stage, School Kitchen, Play Area, and Reception room. The building opened in September 2021 for more than 350 students. Final costs in 2022 including finishing works by the contractor and architect. This project was generously funded by a dedicated donor. The building is transformative for the entire community and will serve it through charitable activities for many years to come.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Youth in STEM: In collaboration with Amideast, AECF launched the Youth in STEM Program, powered by LEGO Education sets and curriculum, introducing Jordanian and Syrian youth to engineering-related skills development. The program has successfully fostered self-actualization, originality, and confidence in participants through design thinking and inventive problem-solving. A total of 160 students from Azraq have already benefited from the program, and we are thrilled that we have been approved to extend it
IRS990/ProgSrvcAccomActyOtherGrp/Desc1to reach a total of 280 students this year!
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01410
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AECF has analyzed its tax positions and concluded it has no uncertain tax positions. Accordingly, an accrual of liability related to uncertain tax positions is not deemed necessary. AECF is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The form 990, return of organization exempt from income tax, of AECF was filed for all years between 2016 and 2022 and is subject to examination by teh IRS, generally for three years after it is filed. AECF has not incurred income tax or penalties.
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0AECF creates a memorandum of understanding with any organization that we partner with. This outlines the monitoring and evaluation requirements as well as the financial requirements. All receipts and details of expenses are provided to our organization's accounting team for review and approval. Quarterly reports and weekly photos are also provided.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Specific types of activities in the region: The Azraq Education Center, which includes a Montessori-inspired Pre-K Program, and humanitarian aid programs in Jordan. Number of direct recepients:350 students, 20 employees, 100s of additional beneficiaries reached through distributions and supplemental programs. Moniotoring of Funds: We employ a part-time local accountant to review all monthly receipts and prepare monthly financial reports. All accounts prepared by the local accountant are reviewed by the US-based executive director on a monthly basis. AECF works in compliance with the Jordanian government and all contracts / reports are carefully reviewed by our Jordanian lawyer.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In 2022 the Organization launched a variety of programs specifically targeting teenagers. This includes: a college prep program for 11th grade girls, an english immersion program for teen boys and girls,Tawjihi (Jordanian Secondary Education Certificate) prep classes, and a youth in STEM program for boys & girls to teach core STEM skills through LEGO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1One board member is the father of the Executive Director, two of the board members are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the organization's 2022 financial statement and draft of 990 is provided to the board of directors. After a discussion of the documents, including a review of the draft 990, the board of directors voted to approve the contents of the form 990 prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All board members are required to sign a conflict of interest policy. Boiard members are reminded to disclose any conflicts as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation, if any, of all directors and officers are fixed by the board and shall be reasonable in amount. In 2022, an independent compensation committee approved an annual stipend for the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Same as 15a, the Executive is also an officer of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Azraq Education and Community Fund's governing documents, financial statements and form 990 are available on our website and the form 990 is available on major websites such as GuideStar. Every year AECF publishes and distributes an annual report with program details and financial statements from the previous year to all donors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Youth in STEM: 1410. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8to reach a total of 280 students this year! 0. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part III, Line 4d
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