Egyptian-American Enterprise Fund
Nonprofit profile at a glance
- EIN
- 462236659
- IRS 990 coverage
- 2014–2017
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2017
- Location
- New York, NY, USA
- Phone
- 2129949819
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- International Academic Exchange
Reported finances
- Revenue
- $41,150,119
- Expenses
- $8,154,014
- Assets
- $169,845,703
- Liabilities
- $7,755,566
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- AMAL ENAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- AMAL ENAN (EXECUTIVE DIRECTOR): $296,361 total reported compensation
- DENVER CHENG (SR. FIN. CONTROLLER - UNTIL 09/2017): $44,498 total reported compensation
- NISHAN SEAL (SENIOR FINANCIAL CONTROLLER): $28,156 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the development of the Egyptian private sector.
What it reported doing in 2017
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.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- 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 program spending has grown recently. 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: 42
- Transparency & Controls: 46
- Accountability: 91
- Sustainability: 90
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.8%; rating input score 19
- Program expense ratio: 94.8%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 16th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 68th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 80.2%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 20.83; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 78.4% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 22.6% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 65.3% per year; rating input score 100; 99th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 18.8% of revenue deployed · 94.8% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.7M in reported program spending
- Leadership: top reported pay $296K · 12 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $2.4M reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 3 filing years from 2014 to 2017
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 19/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.