Albanian-american Enterprise Fund

Overview

Mission

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).

Operating model

Revenue model

Earned-program. 74% of the money available for current operations came from fees and other program revenue.

Distribution model

Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

• Financial Efficiency: 34
• Transparency & Controls: 45
• Accountability: 100
• Sustainability: 87
• Growth: 20

Detailed rating inputs

Details

• Where the money goes: 1.6% of revenue deployed · 100% of spending went to programs
• Governance: 2 of 2 board members independent · 9 of 9 filing controls reported
• Programs: 1 filed program accomplishment · $141K in reported program spending
• Leadership: top reported pay $169K · 5 people listed · 1 of 6 pay-setting controls reported
• Consistency: 21 of 21 current checks pass
• Schedules: 6 filed schedules · includes foreign activity and executive pay
• Filing history: 12 filing years from 2010 to 2021
• Contacts: How to reach this organization
• Money network: 2 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

• High — Financial Efficiency: Mission deployment rate scored 2/100.
• High — Transparency & Controls: Foreign activity oversight scored 0/100.
• High — Transparency & Controls: Grant itemization coverage scored 0/100.
• High — Growth: Program expense growth scored 0/100.
• High — Growth: Revenue growth scored 0/100.
• High — Sustainability: Officer compensation ratio scored 2/100.
• High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.