2024-11-05T13:48:01-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 020760094 MIDDLE EAST INVESTMENT INITIATIVE INC MIDD 2027212323 1255 22ND STREET NW 57094 WASHINGTON DC 20037 JAMES PICKUP PRESIDENT AND CEO 2027212323 2024-11-04 1 0 AARON M FOX P01365820 2022274000 2024-11-04 2023 2024-10-15 13:58:12Z JAMES PICKUP 1255 22ND STREET NW 57094 WASHINGTON DC 20037 3165750 0 X WWW.MEII.ORG X 2005 DC MEII WORKS TO STIMULATE ECONOMIC GROWTH AND CREATE JOBS IN THE MIDDLE EAST AND NORTH AFRICA. 21 20 3 19 0 0 2876386 2851593 83158 310520 4148 3410 2447 227 2966139 3165750 0 0 0 0 1895265 2004475 0 0 47630 977707 872141 2872972 2876616 93167 289134 2892513 3041817 2040573 1617602 851940 1424215 X MIDDLE EAST INVESTMENT INITIATIVE, INC. (MEII) STIMULATES SUSTAINABLE ECONOMIC ACTIVITY AND LONG-LASTING JOB CREATION IN THE MIDDLE EAST AND NORTH AFRICA (MENA) BY DESIGNING AND DEPLOYING FINANCE AND TECHNICAL ASSISTANCE PROGRAMS TO BENEFIT ENTREPRENEURS AND SMALL AND MEDIUM SIZED ENTERPRISES (SME'S). 0 0 1733711 310520 FOUNDED WITH THE CONVICTION THAT THE PATH TO SOCIAL AND POLITICAL SUITABILITY IN THE MENA REGION REQUIRES A SOUND AND SUSTAINABLE ECONOMIC BASE, MEII BREAKS FROM TRADITIONAL AID MODELS AND DESIGNS INNOVATIVE DEVELOPMENT FINANCE INITIATIVES THAT FOSTER ECONOMIC OPPORTUNITIES AND DIGNITY INSTEAD OF DEPENDENCY. MEII HAS BEEN PROVING FOR OVER A DECADE THAT FORMAL AND INFORMAL SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) ARE BOTH CREDIT WORTHY AND NET CONTRIBUTORS TO JOB CREATION IN THE MENA REGION. STARTING IN PALESTINE IN 2008 AND EXPANDING TO TUNISIA IN 2015, MEII HAS FINANCED OVER $616 MILLION IN LENDING TO MORE THAN 4,598 BUSINESSES WITH A CUMULATIVE LOSS RATE OF LESS THAN 1.5%. OVER THIS PERIOD, AN ESTIMATED 41,587 JOBS HAVE BEEN CREATED AND SUSTAINED IN THE REGION. MEII STIMULATES LOCAL BANK LENDING BY PROVIDING PARTNER BANKS WITH LOAN GUARANTEES AND TECHNICAL ASSISTANCE TO ASSESS THE VIABILITY OF THEIR SME CLIENTS AND STRUCTURE LOANS TO MEET BORROWER WORKING CAPITAL AND LONGER-TERM CAPITAL NEEDS. 975815 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 3,705 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 11,646 SMES HAVE REGISTERED ON THE PLATFORM AND $23.6 MILLION IN LOANS HAVE BEEN FINANCED BY LOCAL FINANCIAL INTERMEDIARIES. 2709526 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 3 1 0 1 OC TS JO 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X RAMI KHOURY 2027212323 1255 22ND STREET NW 57094 WASHINGTON DC 20037 JAMES PICKUP PRESIDENT AND CEO 21.00 X X 184584 0 5538 MARTIN INDYK CHAIR 4.00 X X 0 0 0 CATHY ISAACSON VICE CHAIR 2.00 X X 0 0 0 SAMER ASFOUR DIRECTOR 2.00 X 0 0 0 BERL BERNHARD DIRECTOR 2.00 X 0 0 0 CARL BILDT DIRECTOR 2.00 X 0 0 0 DWIGHT L BUSH SR DIRECTOR 2.00 X 0 0 0 BETSY Z COHEN DIRECTOR 2.00 X 0 0 0 CHARLES H DALLARA DIRECTOR 2.00 X 0 0 0 NEWMAN T HALVORSON JR DIRECTOR 2.00 X 0 0 0 NAFEZ HUSSEINI DIRECTOR 2.00 X 0 0 0 ELIZABETH A LIECHTY DIRECTOR 2.00 X 0 0 0 CLARE MUNANA DIRECTOR 2.00 X 0 0 0 THOMAS R PICKERING DIRECTOR 2.00 X 0 0 0 TERESA M RESSEL DIRECTOR 2.00 X 0 0 0 DOUGLAS STEENLAND DIRECTOR 2.00 X 0 0 0 DAVID WADE DIRECTOR 2.00 X 0 0 0 BASHAR MASRI DIRECTOR 2.00 X 0 0 0 MAC BERNSTEIN DIRECTOR 2.00 X 0 0 0 JAY FOOTLIK DIRECTOR 2.00 X 0 0 0 JOHN GLAZER DIRECTOR 2.00 X 0 0 0 RAMI KHOURY EXECUTIVE VP 40.00 X 308760 0 45264 LANA KATBEH COUNTRY MANAGER - THRU 11/2023 40.00 X 229735 0 1940 RICHARD FINKE COUNTRY MANAGER 40.00 X 193402 0 22021 ALEXANDRA FISHER SENIOR ASSOCIATE & SECRETARY 40.00 X 69158 0 9563 985639 0 84326 4 0 1 0 0 2562826 288767 2851593 LOAN GUARANTEE FEES 900099 310520 310520 310520 3410 3410 MISCELLANEOUS 900099 227 227 227 3165750 310520 0 3637 1069965 801515 228123 40327 612497 612497 158195 155396 2799 132363 130215 2148 31455 14082 15648 1725 7080 7080 127163 117160 10003 207225 188750 18475 40530 40530 43073 27000 16073 126018 116401 8369 1248 147207 144042 3165 132335 103727 28608 486 486 11524 11524 12438 4677 7761 VAT EXPENSE 13850 13850 DUES & SUBSCRIPTIONS 3212 3212 INDIRECT COST ALLOC. 0 220594 -224924 4330 2876616 2709526 119460 47630 1787053 1814750 659480 800297 52500 133326 87223 66212 74812 110565 213443 213443 0 0 231445 116667 2892513 3041817 859396 817045 861817 653084 72047 19526 247313 127947 2040573 1617602 X 851940 1424215 851940 1424215 2892513 3041817 289134 283141 0 X 0 1 X 1 1 1 X 2925009 2744968 2712473 2876386 2851593 14110429 2925009 2744968 2712473 2876386 2851593 14110429 14110429 181 4959 4148 3410 12698 883 2447 227 3557 14126684 584354 0.99880 0.99790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 883. 2022 AMOUNT: $ 2,447. 2023 AMOUNT: $ 227. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 135760 135760 0 77683 77683 0 0 FUTURE LEASE OBLIGATION 127947 127947 X 3165750 0 3165750 0 3165750 2876616 0 2876616 0 2876616 PART IV, LINE 2B: UNDER THE TERMS OF ITS LOAN GUARANTEE PROGRAMS, MEII IS AT TIMES REQUIRED TO HOLD FUNDS DESIGNATED FOR OTHER ORGANIZATIONS. THE AMOUNTS RECEIVED AND DISBURSED BY MEII ON BEHALF OF THIRD PARTIES ARE NOT CONSIDERED REVENUE AND EXPENSES OF MEII. THE AMOUNTS REPRESENT GUARANTEE FEES PAID BY PARTICIPATING LENDERS TO THE GUARANTORS AND/OR GUARANTEE PAYMENTS PAID BY THE GUARANTORS TO PARTICIPATING LENDERS ON LOANS IN DEFAULT. THE BALANCE OF FUNDS RECEIVED BY MEII BUT NOT YET DISBURSED TOTALED $19,526 AS OF DECEMBER 31, 2023, AND IS INCLUDED IN CASH AND CASH EQUIVALENTS AND FUNDS HELD FOR OTHERS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. PART X, LINE 2: MEII PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2023, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. MIDDLE EAST AND NORTH AFRICA 3 36 PROGRAM SERVICES IMPLEMENTION OF ECONOMIC DEVELOPMENT PROJECTS (MAINLY LOAN GUARANTEE AND TA PROGRAMS). 2709530 3 36 0 0 3 36 2709530 0 2709530 1 0 0 0 0 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. X 1 1 X X X 1 0 0 0 0 0 0 0 0 RAMI KHOURY EXECUTIVE VP 294060 0 0 0 14700 0 30876 0 14388 0 354024 0 0 0 LANA KATBEH COUNTRY MANAGER - THRU 11/2023 86945 0 0 0 142790 0 0 0 1940 0 231675 0 0 0 RICHARD FINKE COUNTRY MANAGER 185267 0 0 0 8135 0 5841 0 16180 0 215423 0 0 0 JAMES PICKUP PRESIDENT AND CEO 184584 0 0 0 0 0 5538 0 0 0 190122 0 0 0 PART I, LINE 1A RICHARD FINKE, HOUSING ALLOWANCE: $8,135 TAXABLE RAMI KHOURY, HOUSING ALLOWANCE: $14,700, TAXABLE PART I, LINE 4A LANA KATBEH, SEVERANCE: $142,790 FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE PREPARED, THE DRAFT VERSION OF THE FEDERAL FORM 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL DRAFT FEDERAL FORM 990 IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE, OFFICER AND MEMBER OF THE BOARD OF DIRECTORS SIGNS A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS, WHICH IS REGULARLY MONITORED BY THE AUDIT COMMITTEE. IF THE BOARD OF DIRECTORS OR THE MEMBERS OF THE GOVERNING COMMITTEE OF THE BOARD HAS REASON TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY ACTION AND CORRECTIVE ACTION. IF THE BOARD OF DIRECTORS OR BOARD COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM/HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR BOARD COMMITTEE DETERMINES HE/SHE HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 IN 2022 MEII COMMISSIONED AN INDEPENDENT CONSULTANT TO PREPARE A COMPENSATION BENCHMARK STUDY THAT INCLUDED THE PRESIDENT, VP/CFO (CURRENTLY EVP AND TREASURER) AND ASSOCIATE VP. THIS STUDY PRODUCED A REPORT DETERMINING THAT MEII'S COMPENSATION WAS BOTH REASONABLE AND APPROPRIATE, AND ONLY MINOR ADJUSTMENTS TO EXECUTIVE COMPENSATION HAVE BEEN MADE SINCE THE STUDY WAS COMMISSIONED. COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS WITHIN MEII AND THIS DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 MEII MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.