Alfanar
Legal name: Alfanar Inc Us
Nonprofit profile at a glance
- EIN
- 753197031
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2007
- Location
- Newton, Massachusetts, United States
- Phone
- 6176306900
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Development
Reported finances
- Revenue
- $249,692
- Expenses
- $235,029
- Assets
- $81,046
- Liabilities
- $323
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- GRETCHEN WELCH (PRESIDENT)
People named in this filing
- GRETCHEN WELCH (PRESIDENT)
- CYNTHIA OAKES (TREASURER)
- MARK HUANG (CLERK)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We fund social enterprises transforming the Arab World.
What it reported doing in 2024
In 2024 alfanar, inc., us fulfilled its mission to support the education, employment and empowerment of vulnerable individuals by supporting the venture philanthropy work of alfanar by way of four grants. These grants were made in support of alfanar's general operations, which includes vetting, conducting due diligence on and managing venture philanthropy grants to support alfanar's investments in widow and refugee empowerment. Alfanar, inc., us's support is integral to enabling alfanar to monitor the progress and impact of a portfolio of over 20 social enterprises across egypt, lebanon and refugee communities. The disbursed grants were sent exclusively for charitable or educational purposes as defined under the internal revenue code. The four grants totalled $227,000.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 78
- Accountability: 88
- Sustainability: 44
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.9%; rating input score 91
- Program expense ratio: 96.6%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Pass
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 97.8%; rating input score 98; 57th 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; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -32.6% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -34.3% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 2.3% per year; rating input score 100; 35th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 5 operating locations identified
- Where the money goes: 90.9% of revenue deployed · 96.6% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $227K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 16 of 17 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.