Overview
What is Tunisian-American Enterprise Fund?
The Tunisian-American Enterprise Fund (TAEF) is a nonprofit organization dedicated to boosting Tunisia's economy by investing in small and medium-sized enterprises (SMEs). In 2022, they persistently pursued their mission, committing nearly all their initial funding and investing over $88 million, leveraging an additional $121 million from external sources. As a result, over 7,000 jobs were preserved or created, with a significant emphasis on employing women and youth. TAEF expanded its investment focus across the country, promoting growth and economic opportunities in underserved regions. Their SME investment subsidiary, TASME, managed a portfolio of 21 companies, disbursing $29.8 million in investments. Additionally, TAEF backed three investment funds, including a private equity fund investing in mid-sized companies. They also supported digital entrepreneurs through Flat6Labs and Anava Seed Fund, helping 75 startups raise over $43 million in follow-on funding. TAEF's investments in these initiatives led to the employment of 54% women and 65% youth in the startups.
Official website here: www.taefund.org
Is Tunisian-American Enterprise Fund legitimate?
Tunisian-American Enterprise Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tunisian-American Enterprise Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $861,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.taefund.org
What is the mission statement of Tunisian-American Enterprise Fund?
The Tunisian-American Enterprise Fund's mission is to support the development of Tunisia's private sector by providing various financial and non-financial resources. This includes loans, microloans, equity investments, insurance, guarantees, grants, feasibility studies, technical assistance, training for businesses, and more. The fund aims to source new investment opportunities and has committed nearly all its initial funding, investing over $88 million in 2022, while maintaining over 7,000 jobs and supporting over 413,000 microentrepreneurs. The fund also actively expands its investment focus across the country to promote growth and economic opportunities. The Tunisian-American Enterprise Fund has invested in several companies, funds, and microfinance institutions, actively contributing to the growth of the Tunisian economy.
Official website here: www.taefund.org
Who is the CEO of Tunisian-American Enterprise Fund?
Louise Stoner Crawford is the Chair Of Board of Tunisian-American Enterprise Fund.
Official website here: www.taefund.org
What is the revenue of Tunisian-American Enterprise Fund?
Tunisian-American Enterprise Fund's revenue in 2022 was $2,599,723.
Official website here: www.taefund.org
Who are the executives of Tunisian-American Enterprise Fund and what are their salaries?
The average compensation at Tunisian-American Enterprise Fund during 2022 was $861,130. There are 1 employees and 8 volunteers at Tunisian-American Enterprise Fund.
Here are 11 key members and their salaries:
- Hela Kaddour Fourati (Coo - Managing Director)
- Louise Stoner Crawford (Secretary - Managing Director)
- W Bowman Cutter (Chair Of Board) [Trustee/Director]
- Mohamed Malouche (Treasurer) [Trustee/Director]
- Ferid Abbas (Board Member) [Trustee/Director]
- Ahmed Benghazi (Board Member) [Trustee/Director]
- Gilbert Crawford (Board Member) [Trustee/Director]
- Donia Ellouze (Board Member) [Trustee/Director]
- Lauren Hendricks (Board Member) [Trustee/Director]
- Howard Newman (Board Member) [Trustee/Director]
- Ann Wyman (Board Member) [Trustee/Director]
Official website here: www.taefund.org
Where can I find the form 990 for Tunisian-American Enterprise Fund?
The Tunisian-American Enterprise Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.taefund.org
Learn more at the official website: www.taefund.org
Mission Statement of Tunisian-American Enterprise Fund
The Tunisian-American Enterprise Fund (TAEF) is an organization dedicated to supporting the Tunisian economy by investing in small and medium-sized enterprises (SMEs). Its purpose is to promote the development of the Tunisian private sector through various means, including loans, microloans, equity investments, insurance, guarantees, grants, feasibility studies, technical assistance, training for businesses, and receiving investment capital. TAEF works persistently, determinedly, and creatively to support its investee companies and source new opportunities for the fund.
In 2022, TAEF had nearly committed all its initial funding and invested over $88 million, leveraging an additional TND 121 million in external funding. This investment resulted in the maintenance or creation of over 7,000 jobs, with a significant portion being filled by women and youth. Furthermore, over 413,000 microentrepreneurs received financing to support their businesses. TAEF has expanded its investment focus throughout the country to promote growth and economic opportunities in both the interior and highly demanding regions.
The organization's activities also include supporting digital entrepreneurs through Flat6Labs and Anava Seed Fund's investment in digital start-up companies. At the end of 2022, 41% of the startups had raised additional follow-on funding, leveraging Anava Seed Fund's investment. TAEF has also maintained its equity investment in one microfinance institution (MFI), CFE, which ended 2022 with a strong performance and plans for a capital increase in 2023. Additionally, TAEF has invested in several private equity and private debt vehicles to further support SMEs in Tunisia.
Impact
This information is meant to be a general summary of Tunisian-American Enterprise Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Tunisian-American Enterprise Fund has had a significant impact on the Tunisian economy by investing in small and medium-sized enterprises. By the end of 2022, the fund had committed nearly all its initial funding and invested over $88 million, leveraging additional external funding. This has resulted in over 7,000 jobs being maintained or created, with over 57% of these jobs employing women and 51% employing youth. Additionally, over 413,000 microentrepreneurs received financing to support their businesses.
The fund has actively expanded its investment focus throughout the country, promoting growth and economic opportunities in various regions. Through its investment subsidiary, TASME, the fund has supported 21 companies with a disbursement of $29.8 million. Moreover, by investing in various funds and initiatives targeting different sectors, such as digital entrepreneurs and mid-sized SMEs, the fund has helped accelerate the growth of startups and businesses in Tunisia.
Furthermore, the fund has supported the development of the Tunisian private sector through various means, including loans, equity investments, technical assistance, and training for businesses. Through its efforts, the Tunisian-American Enterprise Fund is making a tangible difference in promoting economic development and creating opportunities for entrepreneurs in Tunisia.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$29,962
Organization Details
Founding Year
2013
Phone
(202) 765-2383
Principal Officer
Louise Stoner Crawford
Main Address
2000 PENNSYLVANIA AVENUE NW 7000, WASHINGTON, DC, 20006
Website
www.taefund.org
NTEE Category
Code: Q33 - International
If you are a representative of Tunisian-American Enterprise Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.