2025-05-14T15:42:47-05:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 800967564 SCHOOL OF LEADERSHIP-AFGHANISTAN INC SCHO 6172130425 75 STATE STREET 100 BOSTON MA 02109 SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 6172130425 2025-05-14 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2025-03-06 01:10:19Z SHABANA BASIJ-RASIKH 75 STATE STREET 100 BOSTON MA 02109 64507203 0 X WWW.SOLA-AFGHANISTAN.ORG X 2011 FL SEE PART III, LINE 1. 12 11 10 13 0 0 1916208 23133247 10000 17500 469276 344243 0 28867 2395484 23523857 1409696 4747970 0 0 506927 1085301 0 0 602459 374520 1439207 2291143 7272478 104341 16251379 26462368 45900306 2153201 3500500 24309167 42399806 X TO PROVIDE AFGHAN GIRLS A RIGOROUS EDUCATION THAT PROMOTES CRITICAL THINKING, A SENSE OF PURPOSE, AND RESPECT FOR SELF AND OTHERS. 1 0 5071433 4503470 17500 SOLA SCHOOL IS THE ONLY BOARDING SCHOOL ON EARTH EDUCATING AFGHAN GIRLS AT THE SECONDARY LEVEL. ORIGINALLY BASED IN KABUL, AFGHANISTAN, SOLA SCHOOL 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 SCHOOL'S OPERATIONS RESUMED IN RWANDA IN A FACILITY UNDER AN EXTENDED STAY LEASE. IF AT SOME POINT IN THE FUTURE THE SECURITY CONDITIONS IN AFGHANISTAN CHANGE, SOLA SCHOOL WILL CONSIDER RETURNING TO KABUL. UNTIL THEN, THE SCHOOL IS MAKING RWANDA THEIR PERMANENT HOME. DURING THE YEAR ENDED JUNE 30, 2024, SOLA INC. ALSO COMMENCED ITS CAPITAL CAMPAIGN AND DESIGN EFFORTS ASSOCIATED WITH A CONSTRUCTION PROJECT TO BUILD A PERMANENT SCHOOL CAMPUS IN RWANDA. THE PURCHASE OF LAND TOOK PLACE IN FY 2023. UPON RECEIVING CASH DONATIONS AND PLEDGES TOTALING IN EXCESS OF 80% OF THE CONSTRUCTION COSTS, THE DECISION WAS MADE TO BREAK GROUND AND COMMENCE CONSTRUCTION IN FEBRUARY 2025. 329653 244500 SOLAX IS SOLA INC.'S WHATSAPP-BASED ONLINE ACADEMY PROGRAMMING. MARCH 30, 2025 WILL MARK ONE YEAR SINCE SOLAX WAS LAUNCHED. STUDENTS ACCESS DAILY, ASYNCHRONOUS CLASSWORK IN 3 LANGUAGES (ENGLISH, DARI, AND PASHTO) BY TEXTING THE SOLAX CHATBOT ON WHATSAPP AND NEED ONLY A SMARTPHONE AND A BASIC CELLULAR CONNECTION TO TAKE PART. WHILE OPEN TO ANY STUDENT ANYWHERE IN THE WORLD, SOLAX WAS SPECIFICALLY DESIGNED FOR AFGHAN LEARNERS IN GENERAL AND AFGHAN GIRLS IN PARTICULAR, AND IS A KEY COMPONENT OF SOLA'S RESPONSE TO THE TALIBAN'S EDUCATION BAN THAT FORBIDS GIRLS FROM ATTENDING SCHOOL BEYOND 6TH GRADE IN AFGHANISTAN. 5401086 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 12 0 1 10 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 1 1 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 SHABANA BASIJ-RASIKH 6172130425 75 STATE STREET 100 BOSTON MA 02109 X SHABANA BASIJ-RASIKH PRESIDENT & CO-FOUNDER 44.00 16.00 X X 292626 0 14561 ELIZABETH GIPS CHAIR 5.00 0.00 X X 0 0 0 DEBORAH HAZELL TREASURER 12.00 4.00 X X 0 0 0 KATHERINE FREED-JENNINGS SECRETARY 5.00 0.00 X X 0 0 0 MATIULLAH AMIN DIRECTOR (SEE SCH. O) 2.00 0.25 X 0 0 0 JAMES BULLION DIRECTOR 2.00 0.00 X 0 0 0 KRISTINA LOVERRO DIRECTOR 2.00 0.00 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 SUZANNE WRIGHT DIRECTOR 2.00 0.00 X 0 0 0 JOHN AUSTIN DIRECTOR 2.00 0.00 X 0 0 0 ELISE RIEGEL VICE PRESIDENT 20.00 20.00 X 130000 0 5200 422626 0 19761 2 0 1 0 0 23133247 1418030 23133247 SPEAKING FEES 900099 17500 17500 17500 426300 426300 40901289 40983346 -82057 -82057 -82057 MISCELLANEOUS 900099 28867 28867 28867 23523857 17500 0 373110 169053 169053 4578917 4578917 410974 120600 158595 131779 574837 83050 324662 167125 13597 1408 8348 3841 18469 2322 10847 5300 67424 13737 33282 20405 229077 229077 36014 36014 296002 15792 272785 7425 10450 10442 8 68182 29462 23633 15087 110207 35473 63862 10872 1267 1267 614900 345396 36938 232566 9722 9722 11207 139 11068 DUES & FEES 20467 6573 6017 7877 MISCELLANEOUS 11780 1800 9980 PAYROLL PROCESSING FEES 9714 9714 GRANT ADMIN FEE 9424 -2636 11886 174 794 794 7272478 5401086 1268933 602459 174571 1397654 8739091 13419108 2866210 12462162 1800 18973 70000 9722 0 60278 14631196 18448811 49500 49500 0 43820 26462368 45900306 153201 95545 2000000 3404955 2153201 3500500 X 21132089 35801025 3177078 6598781 24309167 42399806 26462368 45900306 16251379 1834644 4616 0 X 0 1 X 1 0 X 2707169 14328376 5066491 1916208 23133247 47151491 2707169 14328376 5066491 1916208 23133247 47151491 19037706 28113785 116919 150686 332425 520591 426300 1546921 28867 28867 48727279 28767 0.57700 0.68700 X PART II, SHORT YEAR EXPLANATION: THE 2022 COLUMN INCLUDES A SHORT PERIOD RETURN (01/01/2023-06/30/2023) DUE TO THE ORGANIZATION'S CHANGE IN ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16839923 1811260 18651183 15958876 881047 16839923 9278585 7981022 -1300731 15958876 7498506 694177 1085902 9278585 6000000 1498506 7498506 1.00000 0.00000 0.00000 0 0 70000 9722 60278 60278 REFUNDABLE ADVANCES 2900000 OPERATING LEASE LIABILITY 504955 3404955 25668785 1834644 255673 4633528 6723845 18944940 4578917 4578917 23523857 6124401 255673 3175167 3430840 2693561 4578917 4578917 7272478 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SOLA LTD. REVENUE INCLUDED IN THE 4,633,528. CONSOLIDATED AUDIT REPORT, BUT EXCLUDED FOR SOLA, INC. FOR 990 REPORTING. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM SOLA, INC. TO SOLA LTD. 4,578,917. ELIMINATED IN THE CONSOLIDATED AUDIT REPORT. PART XII, LINE 2D - OTHER ADJUSTMENTS: SOLA LTD. EXPENSES INCLUDED IN THE 3,175,167. CONSOLIDATED AUDIT REPORT, BUT EXCLUDED FOR SOLA, INC. FOR 990 REPORTING. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM SOLA, INC. TO SOLA LTD. 4,578,917. ELIMINATED IN THE CONSOLIDATED AUDIT REPORT. 1 SUB-SAHARAN AFRICA 1 66 GRANTS TO RECIPIENTS LOCATED IN REGION 4578917 1 66 0 0 1 66 4578917 0 4578917 SUB-SAHARAN AFRICA SECONDARY EDUCATION 4578917 WIRE 0 0 1 1 0 1 0 0 0 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDES FINANCE, ACCOUNTING AND OPERATIONAL OVERSIGHT FOR THE RECIPIENT. THE RECIPIENT PROVIDES MONTHLY SPENDING REPORTS AND PAYROLL DETAILS. 1 TUITION 14 161506 MEDICAL SERVICES 4 6485 STUDENT FINANCIAL SUPPORT 1 1062 PART I, LINE 2: SOLA WORKS VERY CLOSELY WITH THE GRANT RECIPIENTS AND PROVIDES 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 246321 0 46305 0 0 0 11705 0 2856 0 307187 0 0 0 PART I, LINE 7 DURING THE YEAR, SHABANA BASIJ-RASIKH RECEIVED BONUS COMPENSATION OF $46,305. X 1 1374064 FMV X COMPUTERS 2 28350 FMV X SOFTWARE 1 10725 FMV X NEWSLETTERS 1 4891 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 2 DURING THE YEAR THE ORGANIZATION BEGAN THE SOLAX PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 SHABANA BASIJ-RASIKH, PRESIDENT, AND MATIULLAH AMIN, BOARD MEMBER, 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, TREASURER OF THE BOARD OF DIRECTORS, AND EXTERNAL ACCOUNTING CONSULTANT 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 COMPENSATION COMMITTEE REVIEWS COMPENSATION WITH COMPARABLE ORGANIZATIONS AND MAKES A RECOMMENDATION TO THE BOARD. THE LAST COMPENSATION REVIEW TOOK PLACE IN JULY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAY MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: SEPARATE FROM MATIULLAH AMIN'S CAPACITY AS A SOLA INC. BOARD MEMBER, HE ALSO VOLUNTEERS FOR SOLAX (A KEY SOLA INC. PROGRAM) FOR 40 HOURS/WEEK. SOLA FOR AFGHAN GIRLS KABUL AFGHANISTAN KABUL AF SCHOOL FOR GIRLS IN KABUL AF SCHOOL OF LEADERSHIP-AFGHANISTAN INC 1 SOLA LTD KIGALI RWANDA KIGALI RW EDUCATIONAL SUPPORT ACTIVITIES RW SOLA FOR AFGHAN GIRLS C 54611 2169774 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SOLA LTD B 4578917 FMV