Middle East Broadcasting Networks Inc
94% goes to programs $0 to raise $100 Thin reserves
Middle East Broadcasting Networks Inc is a 501(c)(3) organization based in Springfield, Virginia, registered in 2004, with $103,044,417 in FY2023 revenue. CharityIndex grades it C+, and it directs about 94% of spending to programs.
7600 Boston Blvd D, Springfield, VA, 22153 EIN 42-1591205 Since 2004
Revenue (FY2023)
$103.0M
▼ 19.1% vs prior year
International median: $227K
Expenses (FY2023)
$110.0M
Net assets
-$1.6M
Employees
517
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating94% to programs · $0 to raise $100
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 Middle East Broadcasting Networks Inc: 94% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -7% 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 Middle East Broadcasting Networks Inc: 0 mo reserves · -7% margin earns a D 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 Middle East Broadcasting Networks Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Middle East Broadcasting Networks Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The middle east broadcasting networks, inc. (mbn) is a multi-media company, generously funded by the u.s. congress and american taxpayers. it is headquartered in springfield, virginia, with bureaus stretching across the middle east and north africa region. in a responsible, reliable, accurate and honest manner, mbn sheds light on u.s. politics, society, and the american experience at large. in addition, mbn provides its audience with mission aligned stories from the region that others shy away from.
Contact & location
- Address
- 7600 Boston Blvd D, Springfield, VA, 22153
- City
- Springfield
- State
- Virginia
- Subcategory
- International Exchange
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $106.7M (FY2013) to $103.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $33.2MNet assets -$1.6M
Operating margin
-6.8%
Spent more than it raised in the latest fiscal year.
Total assets
$31.6M
Total liabilities
$33.2M
Net assets
-$1.6M
Salaries & benefits
$70.5M
64% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $103,044,417▼19.1% | $110,022,687▼15.4% | -$1,583,444▲61.1% | $31,648,384▼29.8% | 990 |
| 2022 | $127,303,540▼2.5% | $130,045,693▼0.6% | -$4,067,933▼207% | $45,060,762▼4.8% | 990 |
| 2021 | $130,559,581▲16.5% | $130,779,366▲16.5% | -$1,325,780▼2.2% | $47,344,717▼25.4% | 990 |
| 2020 | $112,111,736▲7.3% | $112,274,140▲8.0% | -$1,296,749▼198% | $63,451,558▼7.6% | 990 |
| 2019 | $104,472,229▲3.2% | $103,916,579▲2.9% | -$434,492▲56.1% | $68,636,344▲11.7% | 990 |
| 2018 | $101,209,379▼2.7% | $101,028,933▼3.4% | -$990,142▲15.4% | $61,443,610▲10.4% | 990 |
| 2017 | $104,061,426▼4.1% | $104,605,550▼4.2% | -$1,170,588▼86.9% | $55,679,964▲14.7% | 990 |
| 2016 | $108,490,683▲3.1% | $109,149,165▲3.7% | -$626,464▼2057% | $48,540,324▲10.7% | 990 |
| 2015 | $105,262,349▼1.8% | $105,262,349▼1.1% | $32,018 | $43,859,052▲8.6% | 990 |
| 2014 | $107,151,113▲0.4% | $106,486,467▼0.8% | $32,018▲105% | $40,401,960▲3.5% | 990 |
| 2013 | $106,676,352 | $107,340,998▼0.8% | -$632,628▼2076% | $39,020,263▼2.9% | 990 |
| 2012 | — | $108,256,263▲0.1% | $32,018 | $40,189,824▼3.8% | 990 |
| 2011 | — | $108,198,862▼1.7% | $32,018 | $41,790,792▲3.8% | 990 |
| 2010 | — | $110,125,128▲1.9% | $32,018 | $40,276,469▲6.0% | 990 |
| 2009 | — | $108,085,435 | $32,018 | $37,987,493 | 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 (FY2023)
Highest-paid: Hassan Shwiki — $189,748 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hassan Shwiki | Acting President Thru 4/24 | 40 | $189,748 |
| Kim Jackson | Cfo Thru 10/23 | 40 | $180,121 |
| Anne R Noble | General Counsel & Corporate Secretary | 40 | $178,847 |
| Imad Hamed Haj | Vp of Administration | 40 | $173,863 |
| Amr Saad Aly Hassan El-kahky | Vice President, Programming | 40 | $173,005 |
| Thaer Soukar | Senior Director, Digital | 40 | $172,847 |
| William Sabatini | Acting Senior Director of Human Resources | 40 | $170,476 |
| Mohammed Albardawil | Senior Director, News | 40 | $168,784 |
| Mohammad Samim Sediqi | Cfo and Treasurer Beg 10/23 | 40 | $35,405 |
| Alia Ibrahim | Director | 1 | — |
| Amb Ryan Crocker | Interim Chair Beg 06/24 | 1 | — |
| Amb Susan Ziadeh | Director | 1 | — |
| James O'shea | Chair End 06/24 | 1 | — |
| Jeffrey Gedmin | Acting President Beg 4/24 | 40 | — |
| Timothy Mcnulty | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Capital Communications Group Inc | Interpretation/translation | $1,694,735 |
| Zenith Global Solutions | Consulting | $621,075 |
| Crowell & Moring LLP | Legal | $188,267 |
| Castro & Company LLC | Accounting/advisory | $130,163 |
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Compare Middle East Broadcasting Networks Inc
Frequently asked questions
- Is Middle East Broadcasting Networks Inc a legitimate nonprofit?
- Yes. Middle East Broadcasting Networks Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1591205, based in Springfield, Virginia. Donations are tax-deductible.
- What is Middle East Broadcasting Networks Inc's EIN?
- Middle East Broadcasting Networks Inc's Employer Identification Number (EIN) is 42-1591205.
- How much revenue does Middle East Broadcasting Networks Inc report?
- Middle East Broadcasting Networks Inc reported $103,044,417 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Middle East Broadcasting Networks Inc's spending goes to programs?
- Middle East Broadcasting Networks Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Middle East Broadcasting Networks Inc have?
- CharityIndex grades Middle East Broadcasting Networks Inc C+, based on program efficiency and fundraising cost.
- How much does Middle East Broadcasting Networks Inc's highest-paid employee make?
- The highest reported compensation on Middle East Broadcasting Networks Inc's latest Form 990 is $189,748, paid to Hassan Shwiki (Acting President Thru 4/24).
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Data for Middle East Broadcasting Networks Inc (EIN 42-1591205) 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.