Tunisian-American Enterprise Fund
Tunisian-American Enterprise Fund
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About this organization
Mission
Support Tunisian economy by investing in small and medium sized enterprises.
About
In 2018, the fund invested in the following: - Microbusiness: Taef invested in an additional microfinance institution. - Smes direct investments: - Tasme, Taef's sme investment subsidiary, made 8 additional investments of equity and loan in Tunisia's small to medium sized enterprises. - Tunisian American search fund, Taef's subsidiary run by an experienced entrepreneur and manager, identified a company poised for growth and negotiated an early 2019 acquisition. - Smes fund of funds investments: Taef was invested in two private equity funds targeting larger smes in Tunisia, one of them becoming active in 2018. - Start-ups: Taef is an anchor investor in a start-up accelerator and seed fund. See the website: taefund.org for more detail and the annual report.
Interesting data from their 2019 990 filing
In the filing, the mission of the non-profit is noted as “The purpose of the tunisian-american enterprise fund (the fund) is to promote development of the tunisian private sector through loans, microloans, equity investments, insurance, guarantees, grants, feasibility studies, technical assistance, training for businesses, receiving investment capital, and other measures.”.
When referring to its responsibilities, they were outlined as: “Support tunisian economy by investing in small and medium sized enterprises.”.
- The state in which the non-profit is legally registered to operate is DE, as per legal records.
- The filing documents the non-profit's address in 2019 as 2000 PENNSYLVANIA AVENUE NW NO 7000, WASHINGTON, DC, 20006.
- According to the non-profit's form, they have 1 employees on their payroll as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $6,661,736.
- The organization has 8 independent voting members.
- The organization was formed in 2013.
- The organization pays $419,646 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.