2024-09-30T14:50:11-05:00 2023-12-31 042842388 HUGHES AND COMPANY PC ONE WEST FOSTER STREET MELROSE MA 02176 990 2023-01-01 753197031 ALFANAR INC US ALFA 6176306900 1150 WALNUT STREET NEWTON MA 02461 GRETCHEN WELCH PRESIDENT 6176306900 2024-09-24 1 0 CAROLINE M BARRETT P01070575 7816657100 2024-09-24 2023 2024-10-15 13:58:12Z ALFANAR INC US GRETCHEN WELCH 1150 WALNUT STREET NEWTON MA 02461 271110 0 X WWW.ALFANAR.ORG/ALFANAR-INC-US X 2005 MA MAKES GRANTS TO SUPPORT SOCIAL ENTERPRISES WORKING TO IMPROVE EDUCATION, EMPLOYMENT, AND ECONOMIC EMPOWERMENT FOR VULNERABLE CHILDREN, YOUTH AND WOMEN AND TO HELP GROW THE VENTURE PHILANTHROPY AND SOCIAL INVESTMENT MOVEMENT. 5 5 0 0 0 0 497431 271110 0 0 0 0 0 0 497431 271110 410000 379950 0 0 0 0 0 0 0 9371 5784 419371 385734 78060 -114624 181684 66060 1000 0 180684 66060 X 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. 0 0 379950 379950 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. 379950 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA NY X X BRIAN DEXTER 6176306900 38 ARTILLERY LANE LONDON UNITED KINGDOM UK X GRETCHEN WELCH PRESIDENT 2.00 X X 0 0 0 CYNTHIA OAKES TREASURER 2.00 X X 0 0 0 MARK HUANG CLERK 1.00 X X 0 0 0 CAROL PRENDERGAST DIRECTOR 1.00 X 0 0 0 HADIA GHANDOUR DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 271110 271110 271110 0 0 0 379950 379950 857 857 3900 3900 FEES 1027 1027 385734 379950 5784 0 181684 66060 181684 66060 1000 1000 0 X 151684 66060 29000 0 180684 66060 181684 66060 -114624 0 X 1 X 0 0 0 X 708400 853646 243450 497431 271110 2574037 708400 853646 243450 497431 271110 2574037 1321167 1252870 2574037 0.48670 0.53020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON APPLICATION OF A "MORE LIKELY THAN NOT" THRESHHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINIY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION: HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH A TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. 0 EUROPE 0 0 GRANT MAKING 271110 0 0 0 0 0 0 271110 0 271110 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 130000 CHECK 0 FMV EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 220000 CHECK 0 FMV EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM IN SUPPORT OF WOMEN'S EMPOWERMENT, ENVIRONMENTAL AND REFUGEES PROJECTS AND TO SUPPORT PROGRAMS IN LEBANON. 29950 CHECK 0 FMV 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS ROBUST PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES. THIS INCLUDES THE RECEIPT OF TECHNICAL AND FINANCIAL REPORTS ON A QUARTERLY BASIS, MONTHLY MANAGEMENT SUPPORT MEETINGS WITH GRANT RECIPIENTS, FIELD VISITS BY ALFANAR, INC., US DIRECTORS TO MONITOR END USER RECIPIENTS AND THE REVIEW OF GRANT RECIPIENT FINACIAL STATEMENTS ON AN ANNUAL BASIS. IN 2023, ALFANAR, INC., US DISBURSED GRANTS EXCLUSIVELY TO ALFANAR(A CHARITY REGISTERED IN ENGLAND AND WALES UNDER REGISTRATION NUMBER 1105048) WHICH ABIDES BY STRICT UK CHARITY COMMISSION REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF ALFANAR, INC., US'S FORM 990 AND ACCOMPANYING SCHEDULES IS FIRST SENT TO HURWIT AND ASSOCIATES (LEGAL COUNSEL) FOR THE INITIAL REVIEW. ONCE REVIEWED, THE DRAFT IS THEN FORWARDED TO ALFANAR INC., US'S BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALFANAR, INC., US ENSURES THAT THERE ARE NO CONFLICTS OF INTEREST BY REQUIRING BOARD MEMBERS TO ABIDE BY THE CONFLICT OF INTEREST POLICY THAT WAS APPROVED BY ALFANAR, INC., US BOARD IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON THE MA ATTORNEY GENERAL WEBSITE, NATIONAL CENTRE FOR CHARITABLE STATISTICS AND GUIDESTAR. ADDITIONALLY, THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALFANAR 38 ARTILLERY LANE LONDON UK VENTURE PHILANTHROPY UK 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 ALFANAR B 379950 FMV