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ALBANIAN-AMERICAN ENTERPRISE FUND
NEW YORK, NY · EIN 133826249 · Form 990 · FY2021 · NTEE Q320 · International Affairs · Medium ($1M-$10M)
revenue
$6.6M
expenses
$141K
net assets
$82.2M
employees
1
program ratio
100%
mission · from form 990

DEVELOPMENT OF PRIVATE SECTOR IN ALBANIA

profile · synthesized from sources

The Albanian-American Enterprise Fund supports the development of the private sector in Albania. It operates as an investment fund that promotes economic growth by providing capital and support to businesses in Albania. The organization focuses on fostering entrepreneurship and market-based solutions in the country.

named programs · 1 · from sources

What they call their work

Private Sector Development Initiative
Provides equity investments and technical assistance to growing businesses in Albania to stimulate economic development and entrepreneurship
activities · 1 group

What they do

  • Interest-Free Loan and Grant Support 1 activity
    • Funding private sector development in Albania
      Provides financial support to initiatives that promote the growth and development of the private sector in Albania.
financials · form 990 · fy2021
revenue
Total revenue$6.64M
Contributions & grants$00%
Program service revenue$4.90M74%
Investment income$1.74M26%
Other revenue$0
expenses
Total expenses$141K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$21K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$82.76M
Cash$11.37M
Investments$71.38M
Liabilities$610K
Net assets$82.15M
Liquid reserves7023.9 mo
3 years on record · 2019–2021 · YoY revenue -10.9%
leadership · form 990 part vii · fy2021

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
ALEKSANDER SARAPULI CO-CEO 4 $169K
MARTIN MATA CO-CEO 4 $169K
FLORIDA QELLO SECRETARY 4 $141K
board members · 2
  • DIANNE BLANE — BOARD MEMBER
  • MICHAEL D GRANOFF — CHAIRMAN
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Private Sector-Led Development
    methodology: private-sector-development
    By investing in and strengthening the private sector in Albania, we drive economic growth and stability, because a robust private sector creates jobs, stimulates innovation, and reduces dependency on foreign aid.