2016-11-15T13:50:38-06:00 2015-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2015-01-01 462236659 EGYPTIAN-AMERICAN ENTERPRISE FUND EGYP 2129949819 888 SEVENTH AVENUE 16TH FLOOR NEW YORK NY 10106 AMAL ENAN CHIEF OF STAFF/SECRETARY 2129949819 2016-11-15 1 FRANK H SMITH P00639053 2028225000 2016-11-15 2015 2017-02-10 21:41:12Z JAMES A HARMON 888 SEVENTH AVENUE 16TH FLOOR NEW YORK NY 10106 77693849 0 X HTTP://WWW.EAEFUND.ORG/ X 2012 DE TO PROMOTE ECONOMIC GROWTH & EMPLOYMENT IN EGYPT THROUGH INVESTMENT IN MEDIUM SIZED ENTERPRISES. 9 9 1 9 0 0 591937 77696533 0 0 0 0 0 -2684 591937 77693849 0 0 0 0 67679 246422 0 0 0 0 2389053 67679 2635475 524258 75058374 122422 81671478 119413 6610095 3009 75061383 X TO PROMOTE ECONOMIC GROWTH AND EMPLOYMENT IN EGYPT THROUGH FINANCIAL INVESTMENT IN SMALL & MEDIUM SIZED ENTERPRISES. 0 0 2230199 2015 ACCOMPLISHMENTS INCLUDE THE FOLLOWINGS:- EAEF INVESTED $20 MILLION IN AN ELECTRONIC PAYMENTS COMPANY THAT ENABLES CASH TRANSFERS TO OVER 15 MILLION CUSTOMERS IN EGYPT. EAEF PARTNERED WITH TWO FOREIGN INVESTORS BASED IN THE UK TO FINANCE THE COMPANY, LEVERAGING TAXPAYER MONEY AND ATTRACTING ADDITIONAL SOURCES OF FUNDING TO ITS ACTIVITIES.- EAEF INVESTED $56.1 MILLION IN A CONSUMER FINANCE COMPANY IN EGYPT. THE COMPANY HAS BEEN ABLE TO EXPAND THE RANGE OF FINANCIAL SERVICES TO ITS CUSTOMERS, 50% OF WHICH DO NOT HAVE A BANK ACCOUNT. THE COMPANY LAUNCHED A NUMBER OF NEW PRODUCTS INCLUDING LEASING TO SMALL AND MEDIUM ENTERPRISES AND MORTGAGES TO THE LOW INCOME POPULATION.- EAEF FORMED A MANAGEMENT COMPANY IN EGYPT TO DEEPEN FINANCIAL SOPHISTICATION IN THE MARKET. THE COMPANY IS SEEDED BY EAEF TO ADVISE AND MONITOR EAEF'S INVESTMENTS. EAEF PAYS THE COMPANY AN ANNUAL MANAGEMENT FEE OF 1.25% OF THE ALLOCATED CAPITAL (MARKET RATE IS 2%). 2230199 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 1 EG 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 0 0 NY X AMAL ENAN 2129949819 888 SEVENTH AVENUE 16TH FLOOR NEW YORK NY 10106 JAMES A HARMON CHAIRMAN 10.00 X X 0 0 0 HYTHEM T EL-NAZER VICE CHAIRMAN 5.00 X X 0 0 0 TAREK ABDEL-MEGUID DIRECTOR 5.00 X 0 0 0 HAYDEE CELAYA DIRECTOR 5.00 X 0 0 0 DR HANI SARIE EL-DIN DIRECTOR 5.00 X 0 0 0 NADIM EL GABBANI DIRECTOR 5.00 X 0 0 0 SHERIF KAMEL DIRECTOR 5.00 X 0 0 0 HALA EL MOHANDES DIRECTOR 5.00 X 0 0 0 DANIEL ZELIKOW DIRECTOR 5.00 X 0 0 0 AMAL ENAN CHIEF OF STAFF/SECRETARY 40.00 X 225000 0 0 225000 0 0 1 0 1 0 GASTON CAPITAL MANAGEMENT 1104 SPRUCE STREET BELMONT NC 28012 INVESTMENT CONSULTING SERVICES 558031 LORAX CAPITAL PARTNERS 26 BANK ST 2ND FL CYBERCITY EBENE MR 72201 MANAGEMENT SERVICES 375000 PAUL HASTINGS LLP 200 PARK AVENUE NEW YORK NY 101663205 LEGAL & PROFESSIONAL SERVICES 249049 3 77696533 77696533 LOSS ON SUBSIDIARY 900099 -2684 -2684 -2684 77693849 0 0 -2684 X 225000 225000 21422 21422 750000 750000 659082 659082 54566 18881 35685 450000 450000 291005 291005 8492 8492 62458 62458 34000 34000 61231 61231 691 691 2857 2857 OTHER 14671 14671 2635475 2230199 405276 0 95879 5936481 23534 0 3569 880 3009 2689 75732308 122422 81671478 119413 793028 0 5817067 119413 6610095 X 3009 75061383 3009 75061383 122422 81671478 75058374 0 X 0 1 X 1 0 X 0 249561 591937 77696533 78538031 0 249561 591937 77696533 78538031 78538031 78538031 X SCHEDULE A, PART II, COLUMN (E) AS EAEF WAS INCORPORATED ON OCTOBER 19, 2012, ITS INITIAL FEDERAL FORM 990 FOR THE PERIOD ENDED DECEMBER 31, 2012 WAS A SHORT PERIOD RETURN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3569 880 2689 2689 INVESTMENT IN TAMWIL HOLDING 56148316 C PRIVATE EQUITY INVESTMENT 19583992 C 75732308 X PART X, LINE 2: EAEF PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2015, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 75732308 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES DEVELOPMENT OF THE EGYPTIAN PRIVATE SECTOR. 2555939 0 0 0 0 0 0 78288247 0 78288247 1 0 1 0 0 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 1 0 AMAL ENAN CHIEF OF STAFF/SECRETARY 140000 0 85000 0 0 0 0 0 0 0 225000 0 0 0 PART I, LINE 7 THE BONUS FOR FOR THE CHIEF OF STAFF/SECRETARY WAS DETERMINED BASED ON THE DISCRETION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 EAEF ANNUALLY CONTRACTS WITH LORAX CAPITAL PARTNERS FOR MANAGEMENT SERVICES. FOR THE YEAR ENDED DECEMBER 31, 2015, LORAX CAPITAL PARTNERS RECEIVED $750,000 FOR THE SERVICES THEY PROVIDED TO EAEF. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT MAY ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. AFTER THE FINANCIAL CONTROLLER AND CHIEF OF STAFF/SECRETARY REVIEW THE DRAFT FORM 990, IT IS THEN CIRCULATED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AND COMPLIANCE IS ENFORCED BY THE CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS COMPARABLE DATA ON COMPENSATION TO DETERMINE THE MARKET RATE FOR THE KEY EMPLOYEES. CURRENTLY, THE ONLY EMPLOYEE IS THE CHIEF OF STAFF/SECRETARY AND THE BOARD OF DIRECTORS COMPARES THE COMPENSATION OF HARVARD BUSINESS SCHOOL GRADUATES IN THE FINANCIAL INDUSTRY IN NEW YORK TO DETERMINE THE ANNUAL SALARY AND BONUS OF THE CHIEF OF STAFF/SECRETARY. THE CHAIRMAN ASKS THE BOARD OF DIRECTORS TO DELIBERATE AND VOTE TO APPROVE THE ANNUAL SALARY AND BONUS. FORM 990, PART VI, SECTION C, LINE 19 EAEF PUBLISHES ITS ANNUAL FINANCIAL STATEMENTS ON THE WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE SHARED ON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 270,031. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 270,031. DEVELOPMENT OF MONITORING AND EVALUATION PLAN: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. ADVISORY SERVICES: PROGRAM SERVICE EXPENSES 10,974. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,974. TAMWIL HOLDING 2ND FLOOR THE AXIS 26 CYBERCITY EBENE MAURITIUS MP 72201 INVESTMENT COMPANY MP EGYPTIAN-AMERICAN ENTERPRISE FUND C 79 56152231 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 TAMWIL HOLDING R 56150985 COST