Arab Fund For Economic and Social Development
90% goes to programs Strong reserves
Arab Fund For Economic and Social Development is a 501(c)(4) organization, registered in 2002, with $420,366,824 in FY2024 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
Kuwait City, Kuwait, 00000 EIN 98-0211642 Since 2002
Revenue (FY2024)
$420.4M
▲ 49.7% vs prior year
Unknown median: $232K
Expenses (FY2024)
$30.8M
Net assets
$13.5B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating90% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Arab Fund For Economic and Social Development: 90% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating5273 mo reserves · +93% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Arab Fund For Economic and Social Development: 5273 mo reserves · +93% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Arab Fund For Economic and Social Development: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Arab Fund For Economic and Social Development: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To contribute to the financing of economic & social development in the arab states. the organization provides technical assistance grants & supports a fellowship prgrm.
What they do
The arab fund provides technical assistance grants to member states and international organizations and enterprises located in member states to enhance development objectives of arab states and their institutional support. technical assistance grants made by the arab fund are primarily awarded for: feasibility studies and project preparation, institutional support and training, general studies and research, seminars and conferences, emergency programs.
The arab fund fellowships program was launched in december 1987. the purpose of the program is to provide arab ph.d. holders who have excellent academic track record with opportunities to conduct research and/or lecture in the best universities of the world. the program is also expected to build bridges between arab and foreign universities, which will lead to mutual benefits.
Contact & location
- Address
- Kuwait City, Kuwait, 00000
- City
- —
- State
- —
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $83.2M (FY2018) to $420.4M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $263.2MNet assets $13.5B
Operating margin
92.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.8B
Total liabilities
$263.2M
Net assets
$13.5B
Salaries & benefits
$20.1M
65% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $420,366,824▲49.7% | $30,770,978▲5.5% | $13,522,236,650▲2.1% | $13,785,447,168▲2.0% | 990 |
| 2023 | $280,880,339▲3.6% | $29,158,787▲6.5% | $13,240,097,815▲2.8% | $13,515,895,011▲3.1% | 990 |
| 2022 | $271,203,579▼37.3% | $27,370,110▼15.5% | $12,883,768,163▼1.5% | $13,113,822,041▼1.5% | 990 |
| 2021 | $432,470,193▲103% | $32,390,841▼3.6% | $13,081,395,272▲2.9% | $13,316,207,638▲2.9% | 990 |
| 2020 | $213,225,594▼43.3% | $33,594,987▼4.4% | $12,707,740,765▲2.2% | $12,941,375,330▲2.4% | 990 |
| 2019 | $376,049,505▲352% | $35,158,416▲15.5% | $12,438,775,577▲4.3% | $12,640,940,594▲3.8% | 990 |
| 2018 | $83,221,764 | $30,450,123 | $11,928,276,999 | $12,172,412,201 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Avelino Dias — $960,812 (3.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Avelino Dias | Executive Administrative | 35 | $960,812 |
| Emad Al Attar | Senior Engineer | 35 | $833,064 |
| Sayed Basheer | Senior Administrative Speciali | 35 | $801,980 |
| Hatem Abu Loghoud | Senior Financial Analyst | 35 | $724,682 |
| Bader M A Al Saad | Chairman/director General | 40 | $513,514 |
| Methqal M Ali Sartawi | Chairman Consultant | 35 | $233,728 |
| Merza Hasan | Senior Advisor | 35 | $213,199 |
| Youssef Abdelaziz Mohieldin | Head Prod.proj&social Dev | 35 | $177,088 |
| Imed Ben Minaouer Liman | Director Operation Dept. | 35 | $173,465 |
| Abdulkareem Al Saeed | Head of Hq Building | 35 | $168,879 |
| Mohammad A A Almershed | Director of Administration | 35 | $165,558 |
| Imad Yousef Abuhuwail | Director Finance Department | 35 | $163,804 |
| Abdullah Al Tah | Head of Legal | 35 | $130,070 |
| Basmah A Bouqammaz | Head Alternative Investment | 35 | $121,851 |
| Khaled Meshari Ahamadah | Investment Officer | 35 | $121,617 |
| Mamdouh Amin | Head of General Accounts Sec | 35 | $103,969 |
| Fahad Bin Ibrahim Al Shethri | Director | 1 | $45,000 |
| Muslim Bin Ali Cotton | Director | 1 | $43,000 |
| Abdulrahman Keidi | Director | 1 | $35,500 |
| Ghadeer Hejazi | Director | 1 | $33,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Morgan Stanley Investment Bank | Portfolio Management | $3,121,755 |
| The Boston Consulting Grp Intl Inc | Portfolio Management | $1,623,113 |
| Gulf International Bank - Gib | Portfolio Management | $1,275,739 |
| Al Ahleia Insurance Co Sakp | Portfolio Management | $908,349 |
| Albourne Partners Limited | Portfolio Management | $721,448 |
Grants made · $99K in FY2021
1 grant totaling $99K in FY2021. All grants made by Arab Fund For Economic and Social Development →
| Recipient | Purpose | Amount |
|---|---|---|
| Amideast | Waste management | $99,190 |
Frequently asked questions
- Is Arab Fund For Economic and Social Development a legitimate nonprofit?
- Yes. Arab Fund For Economic and Social Development is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 98-0211642.
- What is Arab Fund For Economic and Social Development's EIN?
- Arab Fund For Economic and Social Development's Employer Identification Number (EIN) is 98-0211642.
- How much revenue does Arab Fund For Economic and Social Development report?
- Arab Fund For Economic and Social Development reported $420,366,824 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Arab Fund For Economic and Social Development's spending goes to programs?
- Arab Fund For Economic and Social Development spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Arab Fund For Economic and Social Development have?
- CharityIndex grades Arab Fund For Economic and Social Development B+, based on program efficiency and fundraising cost.
- How much does Arab Fund For Economic and Social Development's highest-paid employee make?
- The highest reported compensation on Arab Fund For Economic and Social Development's latest Form 990 is $960,812, paid to Avelino Dias (Executive Administrative).
Explore more
Data for Arab Fund For Economic and Social Development (EIN 98-0211642) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.