Egypt Cancer Network 57357 and Afnci Inc

Nonprofit profile at a glance

EIN
262192003
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-EZ 2010
Location
Newport Beach, CA, USA
Phone
9498876687
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
International Development

Reported finances

Revenue
$2,595,384
Expenses
$1,203,056
Assets
$9,137,114
Liabilities
$404,891

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DR HISHAM SEIFY (President)

Highest reported compensation

  • SARAH J SABET (DIRECTOR OF DAILY OPERATIONS): $70,240 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The egypt cancer network (ecn) 57357 and afnci overall mission is toraise funds to provide charitable support to egyptian hospitals andtreatment facilities in the areas of education and scientificactivities, facility and equipment upgrade, patient treatment, program expansion and operational support for the benefit of egyptiancancer patients. Ecn 57357 and afnci conducts various charity eventswithin the united states to raise funds to support hospitals and/orfacilities helping individuals suffering from cancer in egypt. Theboard of directors will exercise discretion as they identify andselect suitable recipient organizations, ensuring that any and allrecipients of funds will be qualified 501(c)(3) organizations oractivities in egypt that qualify as exempt under IRS requirements.the percentage of our time allocated to the activity is 100%.

What it reported doing in 2024

Line 4d fundraising------------------------sereen fund- ecns designated fund that purchases toys and artsupplies for the patients in the hospital. These items are usedwhile the children are in the hospital and undergoing chemo tohelp them feel better emotionally. Advertising- ecn provided program support for advertising directly realted to the hospitals advertising campaign to help solicit donations during the givingmonth of ramadan to help encourage donors to give their donationsduring this holy month to the children of hospital 57357. Thesemarketing dollars went to help with the funding of the hospital expansion as well as patient care.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 55
  • Accountability: 100
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.4%; rating input score 28
  • Program expense ratio: 50.3%; rating input score 50
  • Fundraising efficiency: $7.46 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • 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: 7 of 7 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 53.6%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 7.59; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: -3.9% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 28.4% of revenue deployed · 50.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $605K in reported program spending
  • Leadership: top reported pay $70K · 11 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 28/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.