THE FRIENDS OF THE UNIVERSITY OF THE HOLY SPIRIT OF KASLIK INC

EIN: 650405247 501(c)(3) Arts, Culture & Humanities

LAKEWOOD, OH

Total Revenue
$529,885
Total Expenses
$188,137
Total Assets
$867,746
Net Assets
$867,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Principal Officer
FARES CHAMOUN
Phone
3307149116
Tax Period
2023-01-01 to 2023-12-31

THE FRIENDS OF THE UNIVERSITY OF THE HOLY SPIRIT OF KASLIK INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $530K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 64% operating margin.

Mission

HSUF IS ON A CONSTANT MISSION TO SUPPORT HOLY SPIRIT OF KASLIK (USEK) IN LEBANON TO INCREASE FINANCIAL AID AND IMPROVE THE EDUCATIONAL QUALITY AND ENVIRONMENT FOR USEK STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $570,473
Program Service Revenue $0
Investment Income $37,754
Other Revenue $-78,342
TOTAL REVENUE $529,885

Expense Breakdown

Grants Paid $62,412
Salaries & Benefits $0
Fundraising Expenses $1,073
Program Expenses $62,412
Other Expenses $125,725
TOTAL EXPENSES $188,137

Year-over-Year Comparison

2023 2022 Change
Revenue $529,885 $311,095 +0.7%
Expenses $188,137 $310,129 -0.4%
Net Income $341,748 $966 +352.8%
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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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FADY CHAMOUN PRESIDENT 10.00
Officer Director
$0 $0 $0
FR GEORGE AZZI VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
CHARBEL EL-KHOURY SECRETARY 10.00
Officer Director
$0 $0 $0
ADAM KAUFMAN TREASURER 10.00
Officer Director
$0 $0 $0
ELIAS AYOUB MEMBER AT LARGE 1.00
Director
$0 $0 $0
ANTHONY ASHER MEMBER AT LARGE 1.00
Director
$0 $0 $0
PIERRE CHELALA MEMBER AT LARGE 1.00
Director
$0 $0 $0
HANNA ELBAYEH MEMBER AT LARGE 1.00
Director
$0 $0 $0
RAY HACHEM MEMBER AT LARGE 1.00
Director
$0 $0 $0
ADIB KASSIS MEMBER AT LARGE 1.00
Director
$0 $0 $0
SAM SHAIA MEMBER AT LARGE 1.00
Director
$0 $0 $0
FARES CHAMOUN MEMBER AT LARGE 20.00
Director
$0 $0 $0
NAJIB RACHED MEMBER AT LARGE 1.00
Director
$0 $0 $0
GEORGE ABOUMRAD MEMBER AT LARGE 1.00
Director
$0 $0 $0
FADI MATTA MEMBER AT LARGE 1.00
Director
$0 $0 $0
DAAD CHAMOUN MEMBER AT LARGE 1.00
Director
$0 $0 $0
ELI KAI MEMBER AT LARGE 1.00
Director
$0 $0 $0
JOE KHOURI MEMBER AT LARGE 1.00
Director
$0 $0 $0
GEORGE BUABBUD MEMBER AT LARGE 1.00
Director
$0 $0 $0
RITA ELOJAIL ZIHENNI EXECUTIVE DIRECTOR 25.00
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 No data No data No data No data
2023 $529,885 $188,137 $867,746 $341,748
2022 $311,095 $310,129 $451,849 $966
2021 $171,853 $526,768 $543,092 $-354,915
2020 $344,302 $77,919 $854,205 $266,383
2019 $209,002 $183,583 $561,480 $25,419
2018 $140,961 $107,238 $431,230 $33,723
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