2023-11-15T15:35:30-06:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 800967564 SCHOOL OF LEADERSHIP-AFGHANISTAN INC SCHO 6172130425 75 STATE STREET 100 BOSTON MA 02219 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 6172130425 2023-11-15 1 SHABANA BASIJ-RASIKH 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHABANA BASIJ-RASIKH 75 STATE STREET 100 BOSTON MA 02219 8752160 0 X WWW.SOLA-AFGHANISTAN.ORG X 2011 FL SEE PART III, LINE 1. 12 11 5 30 0 0 9409552 7186986 1267 0 210242 41082 0 0 9621061 7228068 1684254 2115600 0 0 532013 666798 0 0 331952 456630 789616 2672897 3572014 6948164 3656054 18498696 20931427 43058 58586 18455638 20872841 X TO PROVIDE AFGHAN GIRLS A RIGOROUS EDUCATION THAT PROMOTES CRITICAL THINKING, A SENSE OF PURPOSE, AND RESPECT FOR SELF AND OTHERS. 0 0 2866937 2115600 SOLA IS THE ONLY BOARDING SCHOOL ON EARTH EDUCATING AFGHAN GIRLS AT THE SECONDARY LEVEL, OFFERING STUDENTS ACADEMIC INSTRUCTION AND ON-CAMPUS HOUSING. ORIGINALLY BASED IN KABUL, SOLA EVACUATED ITS COMMUNITY OF NEARLY 250 STUDENTS, FACULTY, STAFF, AND FAMILY MEMBERS TO RWANDA IN AUGUST 2021 IN RESPONSE TO THE TALIBAN'S TAKEOVER OF AFGHANISTAN. SOLA'S OPERATIONS HAVE RESUMED IN RWANDA, IN A FACILITY UNDER AN EXTENDED STAY LEASE (INCLUDING LODGING, MEALS AND LAUNDRY FOR ALL RESIDENTS). CURRENTLY, APPROXIMATELY 80 GIRLS ARE LIVING AND LEARNING AT SOLA UNDER THE CARE AND INSTRUCTION OF AFGHAN, AMERICAN AND EUROPEAN EXPATS, AND RWANDAN EDUCATORS AND STUDENT LIFE PROFESSIONALS. IF AT SOME POINT IN THE FUTURE THE SECURITY CONDITIONS IN AFGHANISTAN CHANGE, SOLA WILL CONSIDER RETURNING TO KABUL.SOLA'S PROGRAM WAS ESTABLISHED TO NARROW THE SIGNIFICANT GAP IN EDUCATIONAL QUALITY YET NOW IT PROVIDES EDUCATION TO AFGHAN GIRLS WHO WOULD OTHERWISE HAVE LIMITED OR NO ACCESS TO EDUCATION. IN ORDER TO PROPERLY ADMINISTER ITS PROGRAM ACTIVITIES UPON ARRIVAL IN RWANDA, SOLA (THROUGH SOLA FOR AFGHAN GIRLS) REGISTERED AS A PRIVATE COMPANY LIMITED BY SHARES, UNDER THE NAME "SOLA LTD". SOLA PROMPTLY BEGAN THE PROCESS OF APPLYING FOR INTERNATIONAL NON-GOVERNMENTAL ORGANIZATION (NGO) STATUS WITH THE RWANDA GOVERNANCE BOARD. IN SUBSEQUENT YEAR ACTIVITY, THAT STATUS WAS GRANTED ON MARCH 9, 2023, IN THE REGISTERED NAME SCHOOL OF LEADERSHIP AFGHANISTAN (SOLA). 2866937 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 30 0 1 5 1 0 1 AF RW 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X JIM BULLION 6172130425 75 STATE STREET 100 BOSTON MA 02219 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 48.00 12.00 X X 208450 0 10357 JAMES BULLION CHAIRMAN 5.00 0.00 X X 0 0 0 KRISTINA LOVERRO SECRETARY 5.00 0.00 X X 0 0 0 DEBORAH HAZELL TREASURER 5.00 0.00 X X 0 0 0 SUZANNE GREEN-BRAIS DIRECTOR 2.00 0.00 X 0 0 0 AMIN MATIULLAH DIRECTOR 2.00 0.25 X 0 0 0 ANA PINCUS DIRECTOR 2.00 0.00 X 0 0 0 ZOLAYKHA SHERZAD DIRECTOR 2.00 0.25 X 0 0 0 WENDY CUSHMAN DIRECTOR 2.00 0.00 X 0 0 0 KAYCE FREED-JENNINGS DIRECTOR 2.00 0.00 X 0 0 0 SUZANNE WRIGHT DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH BERRY-GIPS DIRECTIOR 2.00 0.00 X 0 0 0 ELISE RIEGEL VICE PRESIDENT 20.00 20.00 X 125000 0 4843 ISMAIL KHAN CONTROLLER (SEE SCHEDULE L) 24.00 6.00 X 0 0 0 333450 0 15200 2 0 1 0 0 7186986 1002735 7186986 28080 28080 1537094 1524092 13002 13002 13002 7228068 0 0 41082 46928 46928 2068672 2068672 348650 177113 67312 104225 242757 86850 72949 82958 8070 8070 24208 24208 43113 43113 86000 21000 56600 8400 61880 61880 252280 244805 7475 382 382 34419 29037 2197 3185 16166 5486 7549 3131 2715 2715 303474 179514 6590 117370 952 952 3766 449 3146 171 LICENSES/PERMITS/DUES 15695 5462 470 9763 PAYROLL PROCESSING FEES 7192 7192 DUES AND SUBSCRIPTIONS 2144 601 707 836 ORIENTATION & SPECIAL E 1247 252 995 1304 768 536 3572014 2866937 373125 331952 582686 264380 8437453 5233074 5000 9477654 15428070 903 903 18498696 20931427 43058 58586 43058 58586 X 17555638 19749952 900000 1122889 18455638 20872841 18498696 20931427 3656054 -1238851 0 X 0 0 0 X 1448419 4284982 2707169 9409552 7186986 25037108 1448419 4284982 2707169 9409552 7186986 25037108 8261396 16775712 48779 99105 116919 1498 28080 294381 25331489 42167 0.66220 0.63750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9278585 7981022 -1300732 15958875 7498506 694177 1085902 9278585 6000000 1498506 7498506 2495745 3504255 6000000 2495745 2495745 1.00000 0.00000 0.00000 0 0 0 PART V, LINE 4: THE INVESTMENT ASSETS ARE DIVIDED INTO TWO PORTFOLIOS: (I) LONG TERM PORTFOLIO TO ENSURE A SUSTAINABLE FUTURE FOR SOLA, WITH THE FUTURE AIM OF GENERATING INCOME TO SUPPORT THE EXPENSES OF THE SOLA MOVEMENT. (II) OPERATING RESERVE PORTFOLIO IS TO ENSURE THE AVAILABILITY OF FUNDS IN THE EVENT OF A SHORTFALL OF INCOME OR FOR UNPLANNED EXPENSES. 1 SUB-SAHARAN AFRICA 1 62 GRANTS TO RECIPIENTS LOCATED IN REGION 2068672 1 62 0 0 1 62 2068672 0 2068672 SUB-SAHARAN AFRICA SECONDARY EDUCATION 2068672 WIRE 0 0 1 1 0 0 0 0 0 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDE FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS AND PAYROLL DETAILS. PART III ACCOUNTING METHOD: 1 ONLINE COURSES 42 41430 PLACEMENT TESTS 41 2050 TUITION 1 2130 MEDICAL ASSISTANCE 1 1318 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDE FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS. X X X 0 0 0 0 0 0 0 1 0 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 154350 0 54100 0 0 0 8112 0 2245 0 218807 0 0 0 PART I, LINE 7 SHABANA BASIJ-RASIKH RECEIVED $54,100 IN BONUS COMPENSATION. EDMETRICS ASSOCIATES EDMETRICS ASSOCIATES IS OWNED BY SOLA CONTROLLER, ISMAIL KHAN. 84756 EDMETRICS ASSOCIATES WAS PAID FOR CONTROLLER SERVICES PERFORMED BY EDMETRICS PRINCIPAL ISMAIL KHAN. 0 X 1 1002735 FMV 0 0 0 0 PART I, COLUMN (B): THIS COLUMN REPORTS THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 AMIN MATIULLAH, BOARD MEMBER, AND SHABANA BASIJ-RASIKH, PRESIDENT, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B MEETING MINUTES ARE NOT MAINTAINED BY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE PRESIDENT, FINANCE DIRECTOR, AND TREASURER OF THE BOARD OF DIRECTORS, AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND PROCEDURE, AS AUTHORIZED BY THE BOARD OF DIRECTORS, IS REVIEWED ANNUALLY WITH ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT IS CONSULTED. SHE, IN TURN, MAY ELECT TO CONSULT WITH LEGAL COUNSEL, THE EXECUTIVE COMMITTEE, OR THE BOARD OF TRUSTEES, IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE RECOMMENDS SALARIED POSITIONS TO THE COMPENSATION COMMITTEE WHICH PERFORMS REVIEWS OF COMPENSATION WITH COMPARABLE ORGANIZATIONS AND ADVISORY MEMBERS. THE LAST COMPENSATION REVIEW TOOK PLACE IN MARCH 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SOLA FOR AFGHAN GIRLS KABUL AFGHANISTAN KABUL AF SCHOOL FOR GIRLS IN KABUL AF 501(C)(3) SCHOOL OF LEADERSHIP-AFGHANISTAN INC 1 SOLA LTD KIGALI RWANDA KIGALI RW EDUCATIONAL SUPPORT ACTIVITIES RW SOLA FOR AFGHAN GIRLS C 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SOLA LTD B 2068672 FMV