2021-11-15T13:09:32-06:00 2020-12-31 833019782 STONE & COMPANY LLC 57 BEDFORD ST STE 225 LEXINGTON MA 024204443 990 2020-01-01 753197031 ALFANARINCUS ALFA 6176306900 1150 WALNUT STREET NEWTON MA 02461 GRETCHEN WELCH PRESIDENT PRESIDENT 6176306900 2021-11-15 1 GRETCHEN WELCH PRESIDENT 999009999 DONALD J ZIDIK CPA P00080352 7818636300 2021-11-15 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z ALFANARINCUS GRETCHEN WELCH 1150 WALNUT STREET NEWTON MA 02461 853646 0 X HTTPS://WWW.ALFANAR.ORG/ALFANAR-INC-US X 2005 MA MAKES GRANTS TO SUPPORT SOCIAL ENTERPRISES WORKING TO IMPROVE EDUCATION, EMPLOYMENT AND ECONOMIC EMPOWERMENT FOR VULNERABLE CHILDREN, YOUTH AND WOMEN AND TO HELP GROW THE VENTURE PHILANTHROPY AND SOCIAL INVESTMENT MOVEMENT. 5 5 0 5 0 0 653599 853646 0 0 0 0 -51054 0 602545 853646 563516 848060 0 0 0 0 0 0 0 7820 11034 571336 859094 31209 -5448 61673 56225 0 0 61673 56225 X ALFANAR,INC.,US HELPS CHILDREN, YOUTH AND WOMEN ACCESS THE EDUCATION, EMPLOYMENT AND EMPOWERMENT NEEDED TO LEAD DIGNIFIED AND PRODUCTIVE LIVES. WE DO THIS BY PROVIDING FUNDING TO OUR AFFILIATE ALFANAR (UK REGISTERED CHARITY) WHICH PROVIDES TAILORED FUNDING AND HIGH MANAGEMENT SUPPORT TO AMBITIOUS SOCIAL ENTERPRISES, HELPING THEM TO ACHIEVE LASTING SOCIAL CHANGE IN THEIR COMMUNITIES. SPECIAL FOCUS IS GIVEN TO ORGANIZATIONS THAT IMPROVE CHILDREN'S EDUCATION AND WOMEN'S ECONOMIC EMPOWERMENT. 0 0 848060 848060 IN 2020, ALFANAR,INC.,US FULFILLED ITS MISSION TO SUPPORT THE EDUCATION, EMPLOYMENT AND EMPOWERMENT OF VULNERABLE INDIVIDUALS BY SUPPORTING THE VENTURE PHILANTHROPY WORK OF ALFANAR THROUGH FOUR GRANTS. THESE GRANTS WERE MADE IN SUPPORT OF ALFANAR'S GENERAL OPERATIONS WHICH INCLUDES VETTING, CONDUCTING DUE DILIGENCE ON AND MANAGING VENTURE PHILANTHROPY GRANTS TO SUPPORT ALFANAR'S INVESTMENTS IN WIDOW AND REFUGEE EMPOWERMENT. ALFANAR, INC., US SUPPORT IS INTEGRAL TO ENABLING ALFANAR TO MONITOR THE PERFORMANCE AND PROGRESS OF A PORTFOLIO OF 19 SOCIAL ENTERPRISES ACROSS EGYPT, LEBANON AND REFUGEE COMMUNITIES. THE DISBURSED GRANTS WERE SENT EXCLUSSIVELY FOR CHARITABLE OR EDUCATION PURPOSES AS DEFINED UNDER INTERNAL REVENUE CODE. ALFANAR,INC.,US APPROVED FIVE GRANTS TO ALFANAR 9CHARITY REGISTERED IN ENGLAND AND WALES NUMBER 1105048) 848060 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 UK 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA NY X X BRIAN DEXTER 4207608144 38 ARTILLERY LANE LONDON UK X GRETCHEN WELCH PRESIDENT 2.00 X X 0 0 0 CYNTHIA J OAKS TREASURER 2.00 X X 0 0 0 MARK HUANG CLERK 1.00 X X 0 0 0 CAROL PRENDERGAST DIRECTOR 1.00 X 0 0 0 ANDREA COLLINS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 853646 853646 853646 0 0 0 848060 848060 2930 2930 6000 6000 FEES 2104 2104 859094 848060 11034 0 47673 39725 14000 16500 61673 56225 0 0 X 35691 26919 25982 29306 61673 56225 61673 56225 -5448 0 X X 0 1 X 1 0 X 311067 282821 280015 708400 853646 2435949 311067 282821 280015 708400 853646 2435949 951000 1484949 2435949 0.60960 0.54490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 864821 11175 11175 853646 0 853646 870269 11175 11175 859094 0 859094 1 EUROPE 0 0 GRANT MAKING 848060 0 0 0 0 0 0 848060 0 848060 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 331832 CHECK FMV EUROPE (INCLUDING ICELAND & GREENLAND) SE FACTORY 115000 CHECK FMV EUROPE (INCLUDING ICELAND & GREENLAND) SOUFRA 28019 CHECK FMV EUROPE (INCLUDING ICELAND & GREENLAND) SURVIVE AND THRIVE 135364 CHECK FMV EUROPE (INCLUDING ICELAND & GREENLAND) CAPACITY BUILDING 75000 CHECK FMV EUROPE (INCLUDING ICELAND & GREENLAND) EMERGENCY LEBANON 161545 CHECK FMV EUROPE (INCLUDING ICELAND & GREENLAND) OLAYAN APPEAL 1300 CHECK FMV 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION EMPLOYS ROBUST PROCEDURES FOR MONITORING THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES. THIS INCLUDES THE RECEIPT OF TECHNICAL AND FINANCIAL REPORTS ON A QUARTERLY BASIS, MONTHLY MANAGEMENT SUPPORT MEETINGS WITH GRANT RECIPIENTS, FIELD VISITS BY ALFANAR,INC. US DIRECTORS TO MONITOR END USER RECIPIENTS AND THE REVIEW OF GRANT RECIPIENT FINANCIAL STATEMENTS ON AN ANNUAL BASIS. IN 2020, ALFANAR, INC., US DISBURSED GRANTS EXCLUSIVELY TO ALFANAR (A CHARITY REGISTERED IN ENGLAND AND WALES UNDER REGISTRATION NUMBER 1105048) WHICH ABIDES BY STRICT UK CHARITY COMMISSION REGULATIONS. PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF ALFANAR, INC., US'S FORM 990 AND ACCOMPANYING SCHEDULES IS FIRST SENT TO HURWIT AND ASSOCIATES (LEGAL COUNSEL) FOR THE INITIAL REVIEW. ONCE THE REVIEWED DRAFT IS THEN FORWARDED TO ALFANAR, INC., US'S BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALFANAR, INC., US ENSURES THAT THERE ARE NO CONFLICTS OF INTEREST BY REQUIRING BOARD MEMBERS TO ABIDE BY THE CONFLICT OF INTEREST POLICY THAT WAS APPROVED BY ALFANAR, INC., US BOARD IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED ON THE MA ATTORNEY GENERAL WEBSITE, NATIONAL CENTRE FOR CHARITABLE STATISTICS AND GUIDESTAR. ADDITIONALLY, THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVALABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ALFANAR 38 ARTILLERY LANE LONDON UK VENTURE PHILANTHROPY UK 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 ALFANAR B 848060 FMV