LEBNET

EIN: 273472825 501(c)(3) Education

SAN MATEO, CA

Total Revenue
$213,247
Total Expenses
$191,671
Total Assets
$130,361
Net Assets
$130,361
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
Fares Mubarak
Phone
6505393536
Tax Period
2020-01-01 to 2020-12-31

LEBNET, founded in 2010, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2020. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $192K left a modest 10% surplus.

Mission

Educate and mentor Lebanese and Lebanese-American professionals and students in the field of High-Tech.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

LebNet's primary purpose is to educate Lebanese and Lebanese-American professionals, students and start-up companies in the high-tech field through networking, meetings, round-tables, training...

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LebNet's primary purpose is to educate Lebanese and Lebanese-American professionals, students and start-up companies in the high-tech field through networking, meetings, round-tables, training sessions, mentoring activities and other educational events. In 2020 and due to the COVID pandemic, we couldn't conduct in-person events but we focused on virtual webinars and conducted 15 well attended sessions on various tech topics. We added 43 new members, published 9 original content articles and signed a MOU with the Lebanese American University in Lebanon to secure LebNet member volunteers as part-time remote lecturers for some of their tech accredited classes. (Continued below.)

Program 2
Expenses: $188,175 Revenue: $0

Due to the dire situation in Lebanon after the Port of Beirut explosion in August 2020, we partnered with other nonprofits to encourage US-based Lebanese to donate funds to major charities in...

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Due to the dire situation in Lebanon after the Port of Beirut explosion in August 2020, we partnered with other nonprofits to encourage US-based Lebanese to donate funds to major charities in Lebanon. We also focused on job creation in Lebanon by creating a value proposition to US-based companies to outsource tech work to Lebanese talent. Finally, we incubated project www.aleb.world to provide our members and their friends with opportunities to sponsor needy families in Lebanon with monthly payment of $200 over 6 months (renewable).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $204,026
Program Service Revenue $9,200
Investment Income $97
Other Revenue $-76
TOTAL REVENUE $213,247

Expense Breakdown

Grants Paid $19,701
Salaries & Benefits $130,000
Fundraising Expenses $0
Program Expenses $188,175
Other Expenses $41,970
TOTAL EXPENSES $191,671

Year-over-Year Comparison

2020 2019 Change
Revenue $213,247 $144,395 +0.5%
Expenses $191,671 $233,483 -0.2%
Net Income $21,576 $-89,088 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$130,000
Total Directors
14
$130,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Abdo Kadifa Chairman 2.00
Officer Director
$0 $0 $0
George Akiki President 40.00
Officer Director Highest
$130,000 $0 $130,000
Fares Mubarak Treasurer 2.00
Officer Director
$0 $0 $0
Najib Khoury-Haddad Secretary 2.00
Officer Director
$0 $0 $0
Elie Habib Board Member 1.00
Director
$0 $0 $0
Majid Abraham Board Member 1.00
Director
$0 $0 $0
Farah Fawaz Board Member 1.00
Director
$0 $0 $0
Fadi Zoghzoghy Board Member 2.00
Director
$0 $0 $0
Habib Kairouz Board Member 1.00
Director
$0 $0 $0
Habib Haddad Board Member 1.00
Director
$0 $0 $0
Fadi Joseph Board Member 4.00
Director
$0 $0 $0
Ray Lahoud Board Member 3.00
Director
$0 $0 $0
Frederick Wardini Board Member 3.00
Director
$0 $0 $0
Hind Hobeika Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $213,247 $191,671 $130,361 $21,576
2018 $287,598 $153,817 $197,874 $133,781
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