Albanian-american Development Foundation

Nonprofit profile at a glance

EIN
272782213
IRS 990 coverage
2011–2018
Forms available
Form 990 2018
Location
New York, NY, USA
Phone
3474468138
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development

Reported finances

Revenue
$9,264,607
Expenses
$7,013,354
Assets
$216,065,025
Liabilities
$1,589,239

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MARTIN MATA (CO-CEO)
  • ALEKSANDER SARAPULI (CO-CEO)

Highest reported compensation

  • MARTIN MATA (CO-CEO): $160,965 total reported compensation
  • ALEKSANDER SARAPULI (CO-CEO): $160,965 total reported compensation
  • FLORIDA QELLO (SECRETARY OF THE BOARD): $112,100 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

It is the foundation's mission to facilitate the development of a sustainable private sector economy and a democratic society in albania, and to contribute to stability in southeastern europe. Specifically, the foundation will sponsor the following programs to further its mission: education for sustainable development; entrepreneurship; leadership development; and support for cultural tourism and ecotourism.the foundation will establish a center in tirana which will provide a local base of operations for the foundation, offer access to materials relevant to its areas of activity, and provide a central site for the foundation's services and programs. It will also serve as a symbol of united states commitment and contributions to the democracy and well-being of the people of albania.

What it reported doing in 2018

Development of private sector of country of albania; through loans-grants-equity investments-feasibility studies- technical assistance-training-insurance-and other

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 63
  • Accountability: 95
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.5%; rating input score 71
  • Program expense ratio: 66%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.3%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 30.81; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 23.4% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 12.5% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 70.5% of revenue deployed · 66% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.6M in reported program spending
  • Leadership: top reported pay $161K · 10 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 8 filing years from 2011 to 2018
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.