2025-04-18T09:47:42-05:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 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 2022 2025-03-06 01:10:19Z X SHABANA BASIJ-RASIKH 75 STATE STREET 100 BOSTON MA 02109 22981106 0 X WWW.SOLA-AFGHANISTAN.ORG X 2011 FL SEE PART III, LINE 1. 12 11 5 30 0 0 14328376 5066491 1267 0 695159 86793 0 0 15024802 5153284 1746910 2062624 0 0 532011 666795 0 0 331571 460000 774944 2738921 3504363 12285881 1648921 23305305 23738190 41060 57079 23264245 23681111 X TO PROVIDE AFGHAN GIRLS A RIGOROUS EDUCATION THAT PROMOTES CRITICAL THINKING, A SENSE OF PURPOSE, AND RESPECT FOR SELF AND OTHERS. 0 0 2765319 2062624 SOLA IS THE ONLY BOARDING SCHOOL ON EARTH EDUCATING AFGHAN GIRLS AT THE SECONDARY LEVEL, OFFERING STUDENTS ACADEMIC INSTRUCTION AND ON-CAMPUS HOUSING. ORIGINALLY BASED IN KABUL, SOLA 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'S OPERATIONS HAVE RESUMED IN RWANDA, IN A FACILITY UNDER AN EXTENDED STAY LEASE (INCLUDING LODGING, MEALS AND LAUNDRY FOR ALL RESIDENTS). CURRENTLY, APPROXIMATELY 80 GIRLS ARE LIVING AND LEARNING AT SOLA UNDER THE CARE AND INSTRUCTION OF AFGHAN, AMERICAN AND EUROPEAN EXPATS, AND RWANDAN EDUCATORS AND STUDENT LIFE PROFESSIONALS. IF AT SOME POINT IN THE FUTURE THE SECURITY CONDITIONS IN AFGHANISTAN CHANGE, SOLA WILL CONSIDER RETURNING TO KABUL.SOLA'S PROGRAM WAS ESTABLISHED TO NARROW THE SIGNIFICANT GAP IN EDUCATIONAL QUALITY YET NOW IT PROVIDES EDUCATION TO AFGHAN GIRLS WHO WOULD OTHERWISE HAVE LIMITED OR NO ACCESS TO EDUCATION. IN ORDER TO PROPERLY ADMINISTER ITS PROGRAM ACTIVITIES UPON ARRIVAL IN RWANDA, SOLA (THROUGH SOLA FOR AFGHAN GIRLS) REGISTERED AS A PRIVATE COMPANY LIMITED BY SHARES, UNDER THE NAME "SOLA LTD". SOLA PROMPTLY BEGAN THE PROCESS OF APPLYING FOR INTERNATIONAL NON-GOVERNMENTAL ORGANIZATION (NGO) STATUS WITH THE RWANDA GOVERNANCE BOARD. IN SUBSEQUENT YEAR ACTIVITY, THAT STATUS WAS GRANTED ON MARCH 9, 2023, IN THE REGISTERED NAME SCHOOL OF LEADERSHIP AFGHANISTAN (SOLA). 2765319 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 30 0 1 5 1 0 1 AF RW 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 0 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 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 48.00 12.00 X X 208450 0 10357 JAMES BULLION CHAIRMAN 5.00 0.00 X X 0 0 0 KRISTINA LOVERRO SECRETARY 5.00 0.00 X X 0 0 0 DEBORAH HAZELL TREASURER 5.00 0.00 X X 0 0 0 SUZANNE GREEN-BRAIS DIRECTOR 2.00 0.00 X 0 0 0 AMIN MATIULLAH DIRECTOR 2.00 0.25 X 0 0 0 ANA PINCUS DIRECTOR 2.00 0.00 X 0 0 0 ZOLAYKHA SHERZAD DIRECTOR 2.00 0.25 X 0 0 0 WENDY CUSHMAN DIRECTOR 2.00 0.00 X 0 0 0 KAYCE FREED-JENNINGS DIRECTOR 2.00 0.00 X 0 0 0 SUZANNE WRIGHT DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH BERRY-GIPS DIRECTIOR 2.00 0.00 X 0 0 0 ELISE RIEGEL VICE PRESIDENT 20.00 20.00 X 125000 0 4843 ISMAIL KHAN CONTROLLER (SEE SCHEDULE L) 24.00 6.00 X 0 0 0 333450 0 15200 2 0 1 0 0 5066491 5066491 332425 332425 17582190 17827822 -245632 -245632 -245632 5153284 0 0 86793 46928 46928 2015696 2015696 348649 184544 54702 109403 242664 50950 134212 57502 8071 1453 4772 1846 24298 9946 8023 6329 43113 17067 13943 12103 86000 62830 20727 2443 64886 64886 202132 147954 48807 5371 382 382 41604 27874 8177 5553 13966 3414 7421 3131 2239 2239 308504 184925 6570 117009 952 571 20 361 3766 1144 700 1922 UNCOLLECTIBLE PLEDGES 27625 27625 LICENSES/PERMITS/DUES 15697 4769 2916 8012 PAYROLL PROCESSING FEES 7191 5254 1733 204 3504363 2765319 407473 331571 482687 264381 8964271 6924590 4907511 2762670 494 8950836 13736555 49500 23305305 23738190 41060 57079 41060 57079 X 17988755 19053467 5275490 4627644 23264245 23681111 23305305 23738190 1648921 -1281556 49501 0 X 0 1 X 1 0 X 1448419 4284982 2707169 14328376 5066491 27835437 1448419 4284982 2707169 14328376 5066491 27835437 8844262 18991175 48779 99105 116919 150686 332425 747914 28583351 42167 0.66440 0.72700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9278585 7981022 -1300731 15958876 7498506 694177 1085902 9278585 6000000 1498506 7498506 2495745 3504255 6000000 2495745 2495745 1.00000 0.00000 0.00000 0 0 0 3818141 -1281556 2026994 745438 3072703 64886 2015695 2080581 5153284 3220116 1796334 1796334 1423782 64886 2015695 2080581 3504363 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 2,026,994. CONSOLIDATED AUDIT REPORT, BUT EXCLUDED FOR SOLA, INC. FOR 990 REPORTING. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM SOLA, INC. TO SOLA LTD. 2,015,695. ELIMINATED IN THE CONSOLIDATED AUDIT REPORT. PART XII, LINE 2D - OTHER ADJUSTMENTS: SOLA LTD. EXPENSES INCLUDED IN THE 1,796,334. CONSOLIDATED AUDIT REPORT, BUT EXCLUDED FOR SOLA, INC. FOR 990 REPORTING. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM SOLA, INC. TO SOLA LTD. 2,015,695. ELIMINATED IN THE CONSOLIDATED AUDIT REPORT. 1 SUB-SAHARAN AFRICA 1 62 GRANTS TO RECIPIENTS LOCATED IN REGION 2015696 1 62 0 0 1 62 2015696 0 2015696 SUB-SAHARAN AFRICA SECONDARY EDUCATION 2015696 WIRE 0 0 1 1 0 0 0 0 0 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDE FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS AND PAYROLL DETAILS. PART III ACCOUNTING METHOD: 1 ONLINE COURSES 42 41430 PLACEMENT TESTS 41 2050 TUITION 1 2130 MEDICAL ASSISTANCE 1 1318 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDE FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS. X X X 0 0 0 0 0 0 0 1 0 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 154350 0 54100 0 0 0 8112 0 2245 0 218807 0 0 0 PART I, LINE 7 SHABANA BASIJ-RASIKH RECEIVED $54,100 IN BONUS COMPENSATION. EDMETRICS ASSOCIATES EDMETRICS ASSOCIATES IS OWNED BY SOLA CONTROLLER, ISMAIL KHAN. 84756 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 $2,120,495 WHICH HAD BEEN REBOOKED AS RECEIVABLE IN 2021 AND THEREFORE EXCLUDED AS REVENUE IN 2022. 2. GROSS INCOME ON INVESTMENTS WITHIN THE INVESTMENT PORTFOLIO WAS ERRONEOUSLY EXCLUDED. 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, LINES 12B AND 29 - PART VIII, LINES 1F, 1G, 1H, 3, 7A, 7B, 7C, 7D, AND 12 - PART IX - PART X, COLUMNS (A) AND (B) - PART XI, LINES 1-5, AND 10 - PART XII, LINES 2B AND 2C - SCHEDULE A, PART II, COLUMNS (D), (E), AND (F), LINES 1, 4-8, 11, 14, AND 15 - SCHEDULE B, PART I AND PART II - SCHEDULE D, PART V, COLUMN (A), LINE 1C AND 1G, 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 AMIN MATIULLAH, BOARD MEMBER, AND SHABANA BASIJ-RASIKH, PRESIDENT, HAVE A FAMILY RELATIONSHIP. 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 2022. 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 501(C)(3) SCHOOL OF LEADERSHIP-AFGHANISTAN INC 1 SOLA LTD KIGALI RWANDA KIGALI RW EDUCATIONAL SUPPORT ACTIVITIES RW SOLA FOR AFGHAN GIRLS C 11299 461685 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SOLA LTD B 2015695 FMV