High Atlas Foundation
- Assets
- $3.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 85-0478294
Organization Overview
High Atlas Foundation is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Atlas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, High Atlas Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 28.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND DEVELOP PROJECTS FOR RURAL COMMUNITIES ENABLING THEM TO BECOME ECONOMICALLY STABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH AND DEVELOP PROJECTS IN DIFFERENT PARTS OF MOROCCO THAT LOCAL COMMUNITIES DESIGN AND MANAGE, AND THAT ARE IN PARTNERSHIP WITH GOVERNMENT AND NON-GOVERNMENT AGENCIES; WOMENS SELF-DISCOVERY AND SOCIOECONOMIC RIGHTS; CREATING GREEN SPACES AT RURAL SCHOOLS BY PLANTING TREES AND PROVIDING/IMPROVING CLEAN WATER SYSTEMS AND BATHROOMS IN THOSE RURAL SCHOOLS; ORGANIC FRUIT TREE PLANTING AND COMMUNITY NURSERIES; CLEAN DRINKING WATER AND VILLAGE-LEVEL INSTITUTION BUILDING IN RURAL MOROCCO; MULTICULTURALISM AND SUSTAINABLE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yossef Ben-Meir PHD President | OfficerTrustee | 40 | $200,059 |
Harry Palumbo Chairman | OfficerTrustee | 2 | $0 |
Ellen Paquette Vice Chair | OfficerTrustee | 2 | $0 |
Martine Roberts Secretary | OfficerTrustee | 2 | $0 |
Suzanne Baazet Treasurer | OfficerTrustee | 2 | $0 |
Chemsedine Sidi-Baba Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $610,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,941,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,551,967 |
| Total Program Service Revenue | $119,967 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,684,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,800 |
| Compensation of current officers, directors, key employees. | $59,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $697,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $395,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,857 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $142,126 |
| Royalties | $0 |
| Occupancy | $53,270 |
| Travel | $585,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,048 |
| Insurance | $15,733 |
| All other expenses | $11,115 |
| Total functional expenses | $4,615,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,960,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $688,169 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $67,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,758 |
| Total assets | $3,779,218 |
| Accounts payable and accrued expenses | $748,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,334,912 |
| Other liabilities | $0 |
| Total liabilities | $2,083,309 |
| Net assets without donor restrictions | $1,695,909 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,779,218 |