2025-04-18T09:50:26-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 800967564 SCHOOL OF LEADERSHIP-AFGHANISTAN INC SCHO 6172130425 75 STATE STREET 100 BOSTON MA 02109 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 6172130425 2025-04-18 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2025-03-06 01:10:19Z X SHABANA BASIJ-RASIKH 75 STATE STREET 100 BOSTON MA 02109 14144431 0 X WWW.SOLA-AFGHANISTAN.ORG X 2011 FL SEE PART III, LINE 1. 12 11 0 40 0 0 5066491 1916208 0 10000 86793 469276 0 0 5153284 2395484 2062624 1409696 0 0 666795 506927 0 0 203523 774944 374520 3504363 2291143 1648921 104341 23738190 26462368 57079 2153201 23681111 24309167 X TO PROVIDE AFGHAN GIRLS A RIGOROUS EDUCATION THAT PROMOTES CRITICAL THINKING, A SENSE OF PURPOSE, AND RESPECT FOR SELF AND OTHERS. 0 0 1789653 1409696 10000 SOLA SCHOOL IS THE ONLY BOARDING SCHOOL ON EARTH EDUCATING AFGHAN GIRLS AT THE SECONDARY LEVEL. ORIGINALLY BASED IN KABUL, AFGHANISTAN, SOLA SCHOOL EVACUATED ITS COMMUNITY OF NEARLY 250 STUDENTS, FACULTY, STAFF, AND FAMILY MEMBERS TO RWANDA IN AUGUST 2021 IN RESPONSE TO THE TALIBAN'S TAKEOVER OF AFGHANISTAN. SOLA SCHOOL'S OPERATIONS RESUMED IN RWANDA IN A FACILITY UNDER AN EXTENDED STAY LEASE. IF AT SOME POINT IN THE FUTURE THE SECURITY CONDITIONS IN AFGHANISTAN CHANGE, SOLA SCHOOL WILL CONSIDER RETURNING TO KABUL. UNTIL THEN, THE SCHOOL IS MAKING RWANDA THEIR PERMANENT HOME. SOLA SCHOOL'S PROGRAM WAS ESTABLISHED TO NARROW THE SIGNIFICANT GAP IN EDUCATIONAL QUALITY, AND TODAY IT SERVES AS A MOVEMENT TO PROVIDE ACCESS TO EDUCATION TO AFGHAN GIRLS. IN ORDER TO PROPERLY ADMINISTER ITS PROGRAM ACTIVITIES UPON ARRIVAL IN RWANDA, SOLA SCHOOL REGISTERED AS A PRIVATE COMPANY LIMITED BY SHARES UNDER THE NAME SOLA LTD. ON MARCH 9, 2023, THE SCHOOL WAS GRANTED NON-GOVERNMENTAL ORGANIZATION (NGO) STATUS BY THE RWANDAN GOVERNMENT IN THE REGISTERED NAME SCHOOL OF LEADERSHIP AFGHANISTAN (SOLA). IN APRIL 2023 SOLA PURCHASED LAND FOR FUTURE DEVELOPMENT IN RWANDA. ADDITIONALLY, IN MAY 2023 THE SOLA INC. BOARD APPROVED THE DEVELOPMENT OF AN ONLINE EDUCATIONAL PLATFORM FOR AFGHAN GIRLS AND WOMEN IN THE DIASPORA THAT WILL BE CALLED SOLAX. THIS PLATFORM WILL LAUNCH IN MARCH 2024. 1789653 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 AF RW 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X JIM BULLION 6172130425 75 STATE STREET 100 BOSTON MA 02109 X SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 48.00 12.00 X X 0 0 0 JAMES BULLION CHAIRMAN 5.00 X X 0 0 0 KRISTINA LOVERRO SECRETARY 5.00 X X 0 0 0 DEBORAH HAZELL TREASURER 5.00 X X 0 0 0 SUZANNE GREEN-BRAIS DIRECTOR 2.00 X 0 0 0 MATIULLAH AMIN DIRECTOR 2.00 0.25 X 0 0 0 ANA PINCUS DIRECTOR 2.00 X 0 0 0 ZOLAYKHA SHERZAD DIRECTOR 2.00 0.25 X 0 0 0 WENDY CUSHMAN DIRECTOR 2.00 X 0 0 0 KAYCE FREED-JENNINGS DIRECTOR 2.00 X 0 0 0 SUZANNE WRIGHT DIRECTOR 2.00 X 0 0 0 ELIZABETH BERRY-GIPS DIRECTOR 2.00 X 0 0 0 ELISE RIEGEL VICE PRESIDENT 20.00 20.00 X 0 0 0 0 0 0 0 0 0 0 0 1916208 14675 1916208 SPEAKING FEES 900099 10000 10000 10000 520591 520591 11697632 11748947 -51315 -51315 -51315 2395484 10000 0 469276 12242 12242 1397454 1397454 194289 95875 34004 64410 252605 36568 128880 87157 4311 1278 1573 1460 21210 6347 7883 6980 34512 10233 12590 11689 100 66 29 5 59327 38041 18310 2976 485 485 78561 51897 23208 3456 342 342 31652 26372 2616 2664 17045 9110 4866 3069 5688 5059 629 131702 61251 52425 18026 331 154 132 45 10165 4947 4515 703 4023 1958 1787 278 MEDICAL SERVICES 31306 28956 2350 LICENSES/PERMITS/DUES 3649 1776 1621 252 MISCELLANEOUS 144 69 64 11 2291143 1789653 297967 203523 264381 174571 6924590 8739091 2762670 2866210 1800 494 13736555 14631196 49500 49500 23738190 26462368 57079 153201 0 2000000 57079 2153201 X 19053467 21132089 4627644 3177078 23681111 24309167 23738190 26462368 104341 520562 3153 0 X 0 1 X 1 0 X 4284982 2707169 14328376 5066491 1916208 28303226 4284982 2707169 14328376 5066491 1916208 28303226 8021926 20281300 99105 116919 150686 332425 520591 1219726 29522952 40768 0.68700 0.66440 X PART II, SHORT YEAR EXPLANATION: THE 2023 COLUMN INCLUDES A SHORT PERIOD RETURN (01/01/2023-06/30/2023) DUE TO THE ORGANIZATION'S CHANGE IN ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15958876 881047 16839923 9278585 7981022 -1300731 15958876 7498506 694177 1085902 9278585 6000000 1498506 7498506 2495745 3504255 6000000 1.00000 0.00000 0.00000 0 0 0 REFUNDABLE ADVANCES 2000000 2000000 2936560 520562 1418453 1939015 997545 485 1397454 1397939 2395484 1967609 1074405 1074405 893204 485 1397454 1397939 2291143 PART V, LINE 4: THE INVESTMENT ASSETS ARE DIVIDED INTO TWO PORTFOLIOS: (I) LONG TERM PORTFOLIO TO ENSURE A SUSTAINABLE FUTURE FOR SOLA, WITH THE FUTURE AIM OF GENERATING INCOME TO SUPPORT THE EXPENSES OF THE SOLA MOVEMENT. (II) OPERATING RESERVE PORTFOLIO IS TO ENSURE THE AVAILABILITY OF FUNDS IN THE EVENT OF A SHORTFALL OF INCOME OR FOR UNPLANNED EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SOLA LTD. REVENUE INCLUDED IN THE 1,418,453. CONSOLIDATED AUDIT REPORT, BUT EXCLUDED FOR SOLA, INC. FOR 990 REPORTING. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM SOLA, INC. TO SOLA LTD. 1,397,454. ELIMINATED IN THE CONSOLIDATED AUDIT REPORT. PART XII, LINE 2D - OTHER ADJUSTMENTS: SOLA LTD. EXPENSES INCLUDED IN THE 1,074,405. CONSOLIDATED AUDIT REPORT, BUT EXCLUDED FOR SOLA, INC. FOR 990 REPORTING. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM SOLA, INC. TO SOLA LTD. 1,397,454. ELIMINATED IN THE CONSOLIDATED AUDIT REPORT. 1 SUB-SAHARAN AFRICA 1 75 GRANTS TO RECIPIENTS LOCATED IN REGION 1397454 1 75 0 0 1 75 1397454 0 1397454 SUB-SAHARAN AFRICA SECONDARY EDUCATION 1397454 WIRE 0 0 1 1 0 1 0 0 0 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDES FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS AND PAYROLL DETAILS. 1 TUITION 2 12242 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDES FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS. EDMETRICS ASSOCIATES EDMETRICS ASSOCIATES IS OWNED BY A FORMER OFFICER, ISMAIL KHAN. 43574 EDMETRICS ASSOCIATES WAS PAID FOR CONTROLLER SERVICES PERFORMED BY EDMETRICS PRINCIPAL ISMAIL KHAN. 0 FORM 990, AMENDED RETURN: THE FORM 990 WAS ORIGINALLY FILED USING UNAUDITED FINANCIALS AND NOW THAT THE AUDIT IS COMPLETE WE ARE FILING AN AMENDED RETURN. REVISIONS RELATE TO TWO FACTORS IDENTIFIED DURING THE AUDIT PROCESS: 1. A DECREASE IN REPORTED REVENUE OF $1,895,460 WHICH HAD BEEN BOOKED AS REVENUE BUT WAS SUBSEQUENTLY INTERPRETED TO BE RESTRICTED REVENUE WHICH THEREFORE NEEDED TO BE BOOKED AS A DEPOSIT AND REBOOKED AS REVENUE ONCE THE RESTRICTIONS HAVE BEEN FULFILLED. 2. GROSS INCOME ON INVESTMENTS WITHIN THE INVESTMENT PORTFOLIO WAS ERRONEOUSLY EXCLUDED. PART VII, SECTION A REMAINS BLANK AS FY2023 WAS A STUB YEAR GIVEN THE CHANGE OF FISCAL YEAR FROM CALENDAR YEAR TO ACADEMIC YEAR. ACCORDINGLY, THERE WAS NO CALENDAR YEAR THAT ENDED IN JUNE 2023. COMPENSATION WILL BE REPORTED IN THE NEXT FULL YEAR TAX FILING. THE SPECIFIC CHANGES TO THE RETURN ARE AS FOLLOWS: - PAGE 1 HEADER, BOX G - PART I, COLUMNS (A) AND (B), LINES 8, 10, 12, 13, 15, 16B-22 - PART III, LINES 4A AND 4E - PART IV, LINE 12B - PART VIII, LINES 1F, 1H, 3, 7A, 7B, 7C, 7D, AND 12 - PART IX - PART X, COLUMNS (A) AND (B) - PART XI, LINES 1-5, 8, AND 10 - PART XII, LINES 2B AND 2C - SCHEDULE A, PART II, COLUMNS (C), (D), (E), AND (F), LINES 1, 4-8, 11, 14, AND 15 - SCHEDULE B, PART I - SCHEDULE D, PART V, COLUMN (A), LINE 1A AND 1B, COLUMN (B), LINES 1C AND 1G, PART X, LINE 1, COLUMNS (A) AND (B), PART XI, AND PART XII - SCHEDULE F, PART I, LINE 3, COLUMN (F) AND PART II, LINE 1, COLUMN (E) - SCHEDULE R, PART IV, COLUMNS (F) AND (G) AND PART V, LINE 2, COLUMN (C) FORM 990, PART VI, SECTION A, LINE 2 SHABANA BASIJRASIKH, PRESIDENT, AND MATIULLAH AMIN, BOARD MEMBER, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S GOVERNING DOCUMENTS WERE UPDATED TO INCLUDE SOLA LTD (IN RWANDA) NGO STATUS (EFFECTIVE MARCH 2023). FORM 990, PART VI, SECTION A, LINE 8B MEETING MINUTES ARE NOT MAINTAINED BY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE PRESIDENT, FINANCE DIRECTOR, AND TREASURER OF THE BOARD OF DIRECTORS, AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND PROCEDURE, AS AUTHORIZED BY THE BOARD OF DIRECTORS, IS REVIEWED ANNUALLY WITH ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT IS CONSULTED. SHE, IN TURN, MAY ELECT TO CONSULT WITH LEGAL COUNSEL, THE EXECUTIVE COMMITTEE, OR THE BOARD OF TRUSTEES, IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE RECOMMENDS SALARIED POSITIONS TO THE COMPENSATION COMMITTEE WHICH PERFORMS REVIEWS OF COMPENSATION WITH COMPARABLE ORGANIZATIONS AND ADVISORY MEMBERS. THE LAST COMPENSATION REVIEW TOOK PLACE IN MARCH 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SOLA FOR AFGHAN GIRLS KABUL AFGHANISTAN KABUL AF SCHOOL FOR GIRLS IN KABUL AF SCHOOL OF LEADERSHIP-AFGHANISTAN INC 1 SOLA LTD KIGALI RWANDA KIGALI RW EDUCATIONAL SUPPORT ACTIVITIES RW SOLA FOR AFGHAN GIRLS C 20999 2023360 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SOLA LTD B 1397454 FMV