ALBANIAN-AMERICAN ENTERPRISE FUND
CO F QELLO 780 THIRD AV 46TH FL, NEW YORK, NY 10017 aaef.com

Total Revenue
$6,874,966
Total Expenses
$116,634
Net Assets
$78,327,109

Organizations Filed Purposes: THE ALBANIAN-AMERICAN ENTERPRISE FUND (AAEF OR THE FUND) IS A PRIVATE INVESTMENT FUND ESTABLISHED TO ASSIST ALBANIA IN ITS TRANSITION TO A MARKET ECONOMY. TO ACCOMPLISH THIS, THE AAEF WILL INVEST IN A WIDE ARRAY OF PRIVATE ENTERPRISES, DISSEMINATE WESTERN BUSINESS KNOW-HOW, AND WHEN APPROPRIATE, PROPOSE CHANGES TO GOVERNMENT POLICIES AFFECTING BUSINESS. MOREOVER, IT IS THE FUNDS INTENT TO DEMONSTRATE TO OTHER POTENTIAL INVESTORS THAT INVESTMENT IN ALBANIA CAN BE SUCCESSFUL AND PROFITABLE. THE FUND STRIVES TO BE A CATALYST FOR ADDITIONAL PRIVATE INVESTMENT IN ALBANIA.AAEF IS A NONSTOCK NONPROFIT CORPORATION ESTABLISHED PURSUANT TO THE SUPPORT FOR EAST EUROPEAN DEMOCRACY ACT OF 1989 FOR THE PRIMARY PURPOSE OF PROMOTING THE PRIVATE SECTOR DEVELOPMENT IN ALBANIA AND POLICIES AND PRACTICES CONDUCTIVE TO SUCH DEVELOPMENT. THE FUND IS CAPITALIZED BY A GRANT AGREEMENT WITH THE US AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID).

DEVELOPMENT OF PRIVATE SECTOR IN ALBANIA

DEVELOPMENT OF PRIVATE SECTOR OF COUNTRY OF ALBANIA; THROUGH LOANS-GRANTS-EQUITY INVESTMENTS-FEASIBILITY STUDIES- TECHNICAL ASSISTANCE-TRAINING-INSURANCE-AND OTHER

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Martin MataCO-CEO4$11,046
Aleksander SarapuliCO-CEO4$11,046
Florida QelloSECRETARY4$5,702
Dianne BlaneBOARD MEMBER2$0
Cafo BogaBOARD MEMBER2$0
Michael D GranoffCHAIRMAN2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202140289349301724_public.xml