EIN 02-0760094

Middle East Investment Initiative (MEII)

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2005
Most recent tax filings
2022-12-01
Description
MEII is a non-profit organization, leverages public and private resources to deliver finance and technical assistance programs to stimulate sustainable economic activity and long lasting job creation in the Middle East and North Africa.
Total revenues
$2,966,139
2022
Total expenses
$2,872,972
2022
Total assets
$2,892,513
2022
Num. employees
3
2022

Program areas at MEII

Meii has been proving for over a decade that formal and informal small and medium-sized enterrpises (smes) are both credit worthy and net contributors to job creation in the mena region. Starting in palestine in 2008 and expanding to tunisia in 2015, meii has financed over $553 million in lending to more than 4,041 businesses with a cumulative loss rate of less than 1.5%. Over this period, an estimated 40,000 jobs have been created and sustained in the region. Meii stimulates local bank lending by providing partner banks with loan guarantees and technical assistance to assess the viability of their sme clients and structure loans to meet borrower working capital and longer-term capital needs.
Meii also facilitates sme access to capital by improving the accounting and financial literacy of businesses and matching them to available capital through an innovative online platform called "tamweeli". Starting in palestine in 2014 and expanding to jordan and tunisia, more than 3,296 smes received technical assistance from meii business advisors. The tamweeli platform harnesses the security, speed, and simplicity of the internet to streamline the financing process for both financial intermediaries & smes, connecting businesses with funding for growth and helping lenders and investors assess opportunities. More than 10,000 smes have registered on the platform and $22 million in loans have been financed by local financial intermediaries.

Who funds Middle East Investment Initiative (MEII)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$50,000
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$25,000
Blue Foundation2018 Board Annual Contribution$25,000
...and 3 more grants received

Personnel at MEII

NameTitleCompensation
James PickupPresident and Chief Executive Officer$184,584
Joseph SehwailVice President
Rami KhouryExecutive Vice President and Managing Director$291,192
Mariem ChalouatiOffice Manager
Abuhijleh FawziehDeputy Program Manager Fawzieh
...and 16 more key personnel

Financials for MEII

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,876,386
Program services$83,158
Investment income and dividends$4,148
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,447
Total revenues$2,966,139

Form 990s for MEII

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-26990View PDF
2021-122022-11-11990View PDF
2020-122021-09-03990View PDF
2019-122021-02-18990View PDF
2018-122019-10-28990View PDF
...and 9 more Form 990s
Data update history
January 1, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from The Dana Foundation
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from The Salem Family Foundation
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $7,500 from American Endowment Foundation
Nonprofit Types
Social advocacy organizationsInternational-focused organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementForeign affairsInternational developmentEconomic development
Characteristics
Operates internationallyReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1255 22nd St NW 57094
Washington, DC 20037
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
meii.org/ 
Phone
(202) 799-4345
Facebook page
Middle-East-Investment-Initiative 
IRS details
EIN
02-0760094
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q30: International Development, Relief Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
Free account sign-up

Want updates when MEII has new information, or want to find more organizations like Middle East Investment Initiative (MEII)?

Create free Cause IQ account