Egyptian-American Enterprise Fund
Egyptian-American Enterprise Fund
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About this organization
Mission
To promote economic growth & employment in Egypt through investment in medium-sized enterprises.
About
2017 accomplishments include the following: The fund invested in an Egyptian optometry company and committed to 2 more venture capital and private equity funds. The fund achieved an IRR of 16% per annum since the fund's inception in 2013. We are negotiating exits from some of our investments after creating value and jobs for Egyptian citizens while providing substantial returns for the American government. We continue to deploy capital to talented entrepreneurs and hope to repeat the success that we have already had.
Interesting data from their 2019 990 filing
According to the filing, the non-profit's mission is “The egyptian-american enterprise fund's (the fund) mission is to invest in private enterprises in egypt, contributing to long-term inclusive and sustainable economic growth. the fund deploys capital on a profit-seeking basis, with due regard to societal benefits in egypt.”.
When referring to its actions, they were described as: “To promote economic growth & employment in egypt through investment in medium-sized enterprises.”.
- According to the law, the state of operation reported by the non-profit is DE.
- As per the filing, the address of the non-profit for 2019 is 888 SEVENTH AVENUE 16TH FLOOR, NEW YORK, NY, 10106.
- According to their form, the non-profit as of 2019 has a total of 4 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $32,996,105.
- The organization has 9 independent voting members.
- The organization was formed in 2012.
- The organization pays $477,201 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.