Albanian American Enterprise Fund
Albanian American Enterprise Fund maintains substantial assets and revenue with exceptionally low reported expenses and no officer compensation.
EIN: 133826249 · New York, NY · NTEE: Q320 · Updated: 2026-03-28
Is Albanian American Enterprise Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albanian American Enterprise Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albanian American Enterprise Fund
Albanian American Enterprise Fund (EIN: 133826249) is a nonprofit organization based in New York, NY, classified under NTEE code Q320. The organization reported total revenue of $6.6M and total assets of $82.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albanian American Enterprise Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albanian American Enterprise Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Albanian American Enterprise Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries directly from the organization, which is highly unusual for an organization with $82 million in assets and over $6 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Albanian American Enterprise Fund's IRS 990 filings:
- Extremely low reported expenses relative to revenue and assets, which could obscure the true cost of operations or programmatic impact if funds are passed through to other entities.
- Consistent 0% officer compensation, which is highly unusual for an organization of this size and financial complexity, potentially indicating compensation through a related entity or an all-volunteer executive structure.
Strengths
The following positive indicators were identified for Albanian American Enterprise Fund:
- Strong financial health with substantial assets ($82,761,194 in 2022) significantly exceeding liabilities.
- Consistently high revenue generation, with $6,638,985 in 2022.
- Exceptional efficiency in terms of reported operational expenses, indicating minimal overhead.
- Zero reported officer compensation, demonstrating a commitment to minimizing executive administrative costs.
- Consistent 990 filing history, indicating good compliance and transparency in reporting.
Frequently Asked Questions about Albanian American Enterprise Fund
Is Albanian American Enterprise Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Albanian American Enterprise Fund (EIN: 133826249) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Albanian American Enterprise Fund spend its money?
Albanian American Enterprise Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albanian American Enterprise Fund tax-deductible?
Albanian American Enterprise Fund is registered as a tax-exempt nonprofit (EIN: 133826249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization achieve its mission with such low reported expenses?
Given the NTEE code Q320 (International Development, Relief, and Foreign Affairs) and the 'Enterprise Fund' designation, it's likely that the organization operates primarily as a grant-making entity or an investment fund, where its 'expenses' might be in the form of investments or grants to other organizations, which are not always fully captured as direct operational expenses on the 990 in the same way as a direct service provider.
What is the nature of the 'enterprise fund' activities?
The term 'Enterprise Fund' typically refers to funds established to promote private sector development through investments, loans, and technical assistance in specific regions. This suggests the organization's primary activities involve capital deployment rather than direct service provision, explaining the low operational expenses.
Are there any related organizations or entities through which funds are disbursed?
The extremely low expenses and 0% officer compensation suggest that the organization might be part of a larger network or that its operational functions and compensation are handled by a related entity, or that it primarily acts as a pass-through or investment vehicle.
Filing History
IRS 990 filing history for Albanian American Enterprise Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Albanian American Enterprise Fund's revenue has declined by 18.9%, moving from $8.2M to $6.6M. Total assets increased by 62.2% over the same period, from $51.0M to $82.8M. Total functional expenses fell by 99.9%, from $150.5M to $141K. In its most recent filing year (2022), Albanian American Enterprise Fund reported a surplus of $6.5M, with revenue exceeding expenses. The organization holds $610K in liabilities against $82.8M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $82.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $6.6M | $141K | $82.8M | $610K | — | View 990 |
| 2021 | $7.5M | $105K | $95.1M | $793K | — | View 990 |
| 2020 | $6.9M | $117K | $79.2M | $834K | — | View 990 |
| 2019 | $3.7M | $5.2M | $70.2M | $1.0M | — | View 990 |
| 2018 | $3.3M | $233K | $69.2M | $1.1M | — | View 990 |
| 2017 | $6.3M | $15.7M | $64.2M | $1.9M | — | View 990 |
| 2016 | $12.8M | $851K | $75.9M | $2.1M | — | View 990 |
| 2015 | $7.7M | $847K | $65.3M | $2.3M | — | View 990 |
| 2014 | $5.2M | $1.1M | $62.7M | $3.7M | — | View 990 |
| 2013 | $6.7M | $1.4M | $59.6M | $4.2M | — | View 990 |
| 2012 | $4.3M | $1.8M | $54.2M | $4.9M | — | View 990 |
| 2011 | $8.2M | $150.5M | $51.0M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $6.6M, expenses of $141K, and assets of $82.8M (revenue -10.9% year-over-year).
- 2021: Revenue of $7.5M, expenses of $105K, and assets of $95.1M (revenue +8.4% year-over-year).
- 2020: Revenue of $6.9M, expenses of $117K, and assets of $79.2M (revenue +84.3% year-over-year).
- 2019: Revenue of $3.7M, expenses of $5.2M, and assets of $70.2M (revenue +12.2% year-over-year).
- 2018: Revenue of $3.3M, expenses of $233K, and assets of $69.2M (revenue -47.0% year-over-year).
- 2017: Revenue of $6.3M, expenses of $15.7M, and assets of $64.2M (revenue -51.0% year-over-year).
- 2016: Revenue of $12.8M, expenses of $851K, and assets of $75.9M (revenue +65.8% year-over-year).
- 2015: Revenue of $7.7M, expenses of $847K, and assets of $65.3M (revenue +48.3% year-over-year).
- 2014: Revenue of $5.2M, expenses of $1.1M, and assets of $62.7M (revenue -22.6% year-over-year).
- 2013: Revenue of $6.7M, expenses of $1.4M, and assets of $59.6M (revenue +57.4% year-over-year).
- 2012: Revenue of $4.3M, expenses of $1.8M, and assets of $54.2M (revenue -47.8% year-over-year).
- 2011: Revenue of $8.2M, expenses of $150.5M, and assets of $51.0M.
Data Sources and Methodology
This transparency report for Albanian American Enterprise Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.