Albanian-American Enterprise Fund
Albanian-American Enterprise Fund
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About this organization
Mission
Development of private sector in Albania
About
Development of private sector of country of Albania; through loans-grants-equity investments-feasibility studies- technical assistance-training-insurance-and other
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “The albanian-american enterprise fund (aaef or the fund) is a private investment fund established to assist albania in its transition to a market economy. to accomplish this, the aaef will invest in a wide array of private enterprises, disseminate western business know-how, and when appropriate, propose changes to government policies affecting business. moreover, it is the funds intent to demonstrate to other potential investors that investment in albania can be successful and profitable. the fund strives to be a catalyst for additional private investment in albania.aaef is a nonstock nonprofit corporation established pursuant to the support for east european democracy act of 1989 for the primary purpose of promoting the private sector development in albania and policies and practices conductive to such development. the fund is capitalized by a grant agreement with the us agency for international development (usaid).”.
When referring to its actions, they were outlined as: “Development of private sector in albania”.
- The non-profit has complied with legal obligations by reporting their state of operation as DE.
- The non-profit's form for 2020 reports a total of 1 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$1,432,185.
- The organization has 4 independent voting members.
- The organization was formed in 1995.
- The organization pays $69,635 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.