2025-09-23T14:56:36-05:00 2024-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2024-01-01 020760094 MIDDLE EAST INVESTMENT INITIATIVE INC MIDD 2027212323 1255 22ND STREET NW 57094 WASHINGTON DC 20037 JAMES PICKUP PRESIDENT AND CEO 2027212323 2025-09-23 1 1 AARON M FOX P01365820 2022274000 2025-09-23 2024 2025-03-06 01:10:19Z JAMES PICKUP 1255 22ND STREET NW 57094 WASHINGTON DC 20037 2834933 0 X WWW.MEII.ORG X 2005 DC MEII WORKS TO STIMULATE ECONOMIC GROWTH AND CREATE JOBS IN THE MIDDLE EAST AND NORTH AFRICA. 20 19 3 18 0 0 2851593 2612426 310520 168876 3410 32458 227 1213 3165750 2814973 0 0 0 0 2004475 1863242 0 0 75640 872141 954464 2876616 2817706 289134 -2733 3041817 2764982 1617602 1343500 1424215 1421482 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). 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. 0 0 1496608 168876 STIMULATING LOCAL LENDING: 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 $642 MILLION IN LENDING TO MORE THAN 4,773 BUSINESSES WITH A CUMULATIVE LOSS RATE OF LESS THAN 1.2%. OVER THIS PERIOD, AN ESTIMATED 42,267 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. 535351 TAMWEELI: 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 3,841 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 13,550 SMES HAVE REGISTERED ON THE PLATFORM AND $25.5 MILLION IN LOANS HAVE BEEN FINANCED BY LOCAL FINANCIAL INTERMEDIARIES. 433567 OTHER PROGRAMS INCLUDING TECHNICAL ASSISTANCE. FOCUSING ON MSES IN JORDAN TO ENABLE THEM TO ACCESS FINANCE, MEII EXPANDS ITS ACCESS TO FINANCIAL LITERACY-BUILDING AND DIGITAL FINANCIAL MANAGEMENT TOOLS, AND SUPPORTS SOLUTIONS TO INCREASE ADOPTION OF SOFTWARE AND DIGITAL SOLUTIONS FOR A2F FOR MSES. IN JORDAN, FOCUSES ON ACCESS TO FINANCE FOR MSMES. ON THE DEMAND SIDE, MEII ENHANCED FINANCIAL CAPACITIES OF MORE THAN 650 SMALL ENTREPRENEURS ACROSS 12 GOVERNORATES. ON THE SUPPLY SIDE, MEII HAS INCREASED THE DIALOGUE AND MUTUAL UNDERSTANDING BETWEEN THE MFIS, BANKS AND LOAN GUARANTEE FACILITIES TO ENHANCE ACCESS TO FINANCE REACHING MORE THAN 170 BANKERS, MFI TEAMS, AND OTHER FINANCIAL SECTOR ACTORS. THROUGH ANOTHER DONOR-FUNDED PROGRAM, WE IMPROVED THE ACCESS TO INNOVATIVE FINANCIAL SERVICES FOR GROWTH-ORIENTED MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES (MSMES). 239306 MISSING MIDDLE MARKET GAP : DEVELOPING A REGIONAL RISK FUND TO FINANCE MISSING MIDDLE SMES. 239306 2704832 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 1 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 20 19 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 4529112973 1255 22ND STREET NW 57094 WASHINGTON DC 20037 JAMES PICKUP PRESIDENT AND CEO 21.00 X X 174584 0 5238 MARTIN INDYK CO-CHAIR 4.00 X X 0 0 0 CATHY ISAACSON CO-CHAIR 2.00 X X 0 0 0 CARL BILDT 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 TOM NIDES DIRECTOR 2.00 X 0 0 0 TONI VERSTANDIG DIRECTOR 2.00 X 0 0 0 TIM BROAS DIRECTOR 2.00 X 0 0 0 REEM GUOSSOUS 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 42197 RICHARD FINKE COUNTRY MANAGER 40.00 X 197900 0 23572 JOSEPH SEHWAIL COUNTRY MANAGER 40.00 X 79868 0 7784 ALEXANDRA FISHER SR ASSOC. AND SECRETARY 40.00 X 60753 0 2417 821865 0 81208 3 0 1 0 0 2342617 269809 2612426 LOAN GUARANTEE FEES 900099 168876 168876 168876 6331 6331 46087 19960 26127 26127 26127 OTHER INCOME 900099 1213 1213 1213 2814973 168876 0 33671 903073 704437 162276 36360 723561 723561 126093 126093 77078 75813 1265 33437 17708 12871 2858 111922 110854 1068 114455 92145 22310 123059 99553 23506 44171 44171 34332 24711 9621 185830 176124 9706 149043 144834 4209 110615 102246 8369 9843 9843 10357 10357 12304 4627 7677 BAD DEBT EXPENSE 32500 32500 VAT EXPENSE 14316 14316 DUES & SUBSCRIPTIONS 1717 299 1418 IDC ALLOCATION 0 223140 -227062 3922 2817706 2704832 37234 75640 1814750 1369247 800297 1153304 133326 40000 66212 94039 110565 81699 222437 222437 0 0 116667 26693 3041817 2764982 817045 921042 653084 215093 19526 179619 127947 27746 1617602 1343500 X 1424215 1396482 0 25000 1424215 1421482 3041817 2764982 -2733 0 X 0 1 X 1 1 1 X 2744968 2712473 2876386 2851593 2612426 13797846 2744968 2712473 2876386 2851593 2612426 13797846 13797846 4959 4148 3410 6331 18848 2447 227 1213 3887 13820581 666486 0.99840 0.99880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOMES - 2022 AMOUNT: $ 2,447. 2023 AMOUNT: $ 227. 2024 AMOUNT: $ 1,213. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 143758 143758 0 78679 78679 0 0 FUTURE LEASE OBLIGATION 27746 27746 X 2814973 0 2814973 0 2814973 2817706 0 2817706 0 2817706 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 $179,619 AS OF DECEMBER 31, 2024, 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, 2024, 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 34 PROGRAM SERVICES IMPLEMENTION OF ECONOMIC DEVELOPMENT PROJECTS (MAINLY LOAN GUARANTEE AND TA PROGRAMS). 2704829 3 34 0 0 3 34 2704829 0 2704829 0 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 X X 0 0 0 0 0 0 0 0 0 RAMI KHOURY EXECUTIVE VP 308760 0 0 0 0 0 30876 0 11321 0 350957 0 0 0 RICHARD FINKE COUNTRY MANAGER 197900 0 0 0 0 0 5937 0 17635 0 221472 0 0 0 JAMES PICKUP PRESIDENT AND CEO 174584 0 0 0 0 0 5238 0 0 0 179822 0 0 0 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. SHARAKA CAPITAL MANAGEMENT LLC 1255 22ND STREET NW 57094 WASHINGTON DC 20037 873525209 ECON. DEVELOP. FUND DE 0 10000 MIDDLE EAST INVESTMENT INITIATIVE