Lebanese Orphans Virtuous Education In America
- Assets
- $459.1k
- Revenue
- $86.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cornelius, NC
- Founding
- 12/2009
- Data as of
- 12/2023
- EIN
- 01-0941616
Organization Overview
Lebanese Orphans Virtuous Education In America is located in Cornelius, NC. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Lebanese Orphans Virtuous Education In America is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lebanese Orphans Virtuous Education In America generated $86.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $63.9k during the year ending 12/2023. While expenses have increased by 16.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lebanese Orphans Virtuous Education In America has awarded 27 individual grants totaling $227,570. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO HELP EDUCATE THE LEAST PRIVILEGED AND BRIGHTEST ORPHANS IN THE COMMUNITY AND SPREAD THE AMERICAN VIRTUES OF HONESTY, APPRECIATION, COMMITMENT, DEDICATION AND LOYALTY BY PROVIDING COLLEGE TUITION AND COLLEGE SUPPLIES TO QUALIFYING INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nabil Abou-Nassr-Eddine Director | 0 | $0 | |
Diana Abou-Nassr-Eddine Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,800 |
| Interest on Savings | $4,146 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $63,947 |
| Total expenses and disbursements | $63,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,074 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $459,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lebanese Orphans Virtuous Education In America has awarded $63,947 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RANA BASSAM BAZ PURPOSE: TUITION AND EDUCATIONAL FEES | $6,355 |
RIGHAD ABU EL EZZ PURPOSE: TUITION-LEBANESE AMERICAN UNIVERSITY | $1,000 |
IMAD MAHMOUD PURPOSE: TUITION AND EDUCATIONAL FEES | $2,239 |
NANCY ZAYOUR PURPOSE: TUITION-LEBANESE AMERICAN UNIVERSITY | $1,200 |
AYA MARROUSH PURPOSE: TUITION-LEBANESE AMERICAN UNIVERSITY | $3,073 |
KARAM ALSAIGH PURPOSE: EDUCATIONAL FEES | $80 |