LIFE GENERATION USA INC

EIN: 383957196 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,156,889
Total Expenses
$779,127
Total Assets
$1,041,591
Net Assets
$1,032,591
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Phone
9173481931
Tax Period
2024-01-01 to 2024-12-31

LIFE GENERATION USA INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $378K, a strong 33% operating margin.

Mission

TO PROMOTE THE PURSUIT OF THE ADVANCEMENT OF EDUCATION AND THE RELIEF OF NEEDS ARISING BY REASON OF FINANCIAL DISADVANTAGE AMONG THE LEBANESE (WHETHER CITIZENS OF LEBANON OR PERSONS OF LEBANESE DESCENT AND WHETHER RESIDENT IN LEBANON OR RESIDENT ELSEWHERE BECAUSE OF EMIGRATION, HOSTILITIES, PERSECUTION, DISCRIMINATION OR NATURAL DISASTERS) WHO ARE, HAVE BEEN OR WISH TO BECOME ACTIVE IN THE PROFESSIONAL FIELD OF FINANCE, BUSINESS OR ECONOMICS; TO PROMOTE JOB CREATION AND ENTREPRENEURSHIP IN LEBANON AND TO PROMOTE THE COUNTRY ABROAD; TO PROMOTE THE ADOPTION OF BEST PRACTICE FINANCIAL PRACTICES WITHIN LEBANON; AND TO FACILITATE AND ENABLE CONNECTIONS AMONG MEMBERS OF THE LEBANESE DIASPORA WORLDWIDE, BY; THE PROVISION OF FUNDING BY WAY OF SCHOLARSHIPS OR OTHER TARGETED INDIVIDUAL GRANTS; THE PROVISION OF CAREER TRAINING AND ADVICE; THE PROVISION OF OTHER FINANCIAL AND TECHNICAL SUPPORT FOR THE UNEMPLOYED; THE PROVISION OF FACILITIES, EQUIPMENT, STAFFING AND FUNDING TO FACILITATE THE ABOVE; THE PROVISION OF FINANCIAL AND ADMINISTRATIVE SUPPORT TO OTHER CHARITIES WHOSE OBJECTIVES AND WORK OVERLAP WITH THE OBJECTIVES OF THE CORPORATION; AND BY DOING ANY OTHER ACT OF THING INCIDENTAL OR IN CONNECTION WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,072,116
Program Service Revenue $0
Investment Income $36,486
Other Revenue $48,287
TOTAL REVENUE $1,156,889

Expense Breakdown

Grants Paid $760,645
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $760,645
Other Expenses $18,482
TOTAL EXPENSES $779,127

Year-over-Year Comparison

2024 2023 Change
Revenue $1,156,889 $1,223,415 -0.1%
Expenses $779,127 $914,396 -0.1%
Net Income $377,762 $309,019 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHALIL BARRAGE Director 0.00
Director
$0 $0 $0
DANIEL BITAR Director 0.00
Director
$0 $0 $0
ZAYD HAMMAM Director 0.00
Director
$0 $0 $0
REEM HARB Secretary 0.00
Officer
$0 $0 $0
ZEINA FARHAT President 0.00
Officer
$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
2024 $1,156,889 $779,127 $1,041,591 $377,762
2022 $643,384 $442,722 $345,976 $200,662
2021 $522,717 $927,849 $145,314 $-405,132
2020 $816,172 $389,166 $650,446 $427,006
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