Nonprofit · EIN 02-0760094
MIDDLE EAST INVESTMENT INITIATIVE INC
Tax-exempt · WASHINGTON, DC 20037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,814,973 | $2,817,706 | -$2,733 | $2,764,982 | $1,343,500 | $1,421,482 |
| December 31, 2023 | 990 | $3,165,750 | $2,876,616 | $289,134 | $3,041,817 | $1,617,602 | $1,424,215 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,612,426
- of which government grants
- $2,342,617
- Program service revenue
- $168,876
- Investment income
- $32,458
- Net gain from sales of assets
- $26,127
- Other revenue
- $1,213
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $903,073
- Other salaries and wages
- $723,561
- Salaries, compensation and benefits (total)
- $1,863,242
- Professional fundraising fees
- $0
- Legal fees
- $111,922
- Accounting fees
- $114,455
- Occupancy
- $149,043
- Travel
- $110,615
- Depreciation
- $10,357
- Program services (functional)
- $2,704,832
- Management and general (functional)
- $37,234
- Fundraising (functional)
- $75,640
Balance sheet and other
- Total assets, start of year
- $3,041,817
- Total assets, end of year
- $2,764,982
- Total liabilities, end of year
- $1,343,500
- Net assets, end of year
- $1,421,482
- Net assets without donor restrictions
- $1,396,482
- Net assets with donor restrictions
- $25,000
- Gross receipts
- $2,834,933
- Employees
- 3
- Volunteers
- 18
- Year formed
- 2005
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAMI KHOURY | EXECUTIVE VP Officer | 40 | $308,760 | $42,197 |
| RICHARD FINKE | COUNTRY MANAGER Officer | 40 | $197,900 | $23,572 |
| JAMES PICKUP | PRESIDENT AND CEO Trustee or director, Officer | 21 | $174,584 | $5,238 |
| JOSEPH SEHWAIL | COUNTRY MANAGER Officer | 40 | $79,868 | $7,784 |
| ALEXANDRA FISHER | SR ASSOC. AND SECRETARY Officer | 40 | $60,753 | $2,417 |
| MARTIN INDYK | CO-CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| CATHY ISAACSON | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARL BILDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NEWMAN T HALVORSON JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NAFEZ HUSSEINI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH A LIECHTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CLARE MUNANA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS R PICKERING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERESA M RESSEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUGLAS STEENLAND | DIRECTOR Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID WADE | DIRECTOR Trustee or director | 2 | $0 |
| BASHAR MASRI | DIRECTOR Trustee or director | 2 | $0 |
| MAC BERNSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| JAY FOOTLIK | DIRECTOR Trustee or director | 2 | $0 |
| TOM NIDES | DIRECTOR Trustee or director | 2 | $0 |
| TONI VERSTANDIG | DIRECTOR Trustee or director | 2 | $0 |
| TIM BROAS | DIRECTOR Trustee or director | 2 | $0 |
| REEM GUOSSOUS | DIRECTOR Trustee or director | 2 | $0 |
| JOHN GLAZER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAMI KHOURY | EXECUTIVE VP Officer | 40 | $308,760 | $45,264 |
| LANA KATBEH | COUNTRY MANAGER - THRU 11/2023 Officer | 40 | $229,735 | $1,940 |
| RICHARD FINKE | COUNTRY MANAGER Officer | 40 | $193,402 | $22,021 |
| JAMES PICKUP | PRESIDENT AND CEO Trustee or director, Officer | 21 | $184,584 | $5,538 |
| ALEXANDRA FISHER | SENIOR ASSOCIATE & SECRETARY Officer | 40 | $69,158 | $9,563 |
| MARTIN INDYK | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| CATHY ISAACSON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SAMER ASFOUR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BERL BERNHARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL BILDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DWIGHT L BUSH SR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETSY Z COHEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES H DALLARA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NEWMAN T HALVORSON JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NAFEZ HUSSEINI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH A LIECHTY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CLARE MUNANA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS R PICKERING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERESA M RESSEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUGLAS STEENLAND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID WADE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BASHAR MASRI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MAC BERNSTEIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAY FOOTLIK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN GLAZER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 N STREET NW, WASHINGTON, DC 20037-1122
- In care of
- % STEVE GRAND
- Principal officer (990 for 2024)
- JAMES PICKUP, 1255 22ND STREET NW 57094, WASHINGTON, DC 20037
- Signed the 990
- JAMES PICKUP, PRESIDENT AND CEO
- Phone
- (202) 721-2323
- Website
- WWW.MEII.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $1,496,608 · revenue $168,876
- 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.Expenses $535,351
- 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).Expenses $433,567
- MISSING MIDDLE MARKET GAP : DEVELOPING A REGIONAL RISK FUND TO FINANCE MISSING MIDDLE SMES.Expenses $239,306
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0760094
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,764,982
- Income (IRS master file)
- $2,834,933
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,814,973 | $2,817,706 | $2,764,982 | XML |
| 990 | December 2023 | $3,165,750 | $2,876,616 | $3,041,817 | XML |
| 990 | December 2022 | $2,966,139 | $2,872,972 | $2,892,513 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0760094).
Questions about MIDDLE EAST INVESTMENT INITIATIVE INC
- What is the EIN of MIDDLE EAST INVESTMENT INITIATIVE INC?
- The employer identification number (EIN) of MIDDLE EAST INVESTMENT INITIATIVE INC is 02-0760094.
- Is MIDDLE EAST INVESTMENT INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MIDDLE EAST INVESTMENT INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDDLE EAST INVESTMENT INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDDLE EAST INVESTMENT INITIATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDDLE EAST INVESTMENT INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDDLE EAST INVESTMENT INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names JAMES PICKUP.
- Who are the officers and directors of MIDDLE EAST INVESTMENT INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 5 received compensation from the organization, the highest $308,760 (RAMI KHOURY, EXECUTIVE VP).
- How much revenue does MIDDLE EAST INVESTMENT INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,814,973, expenses of $2,817,706 and total assets of $2,764,982 at year end.
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