Social & Economic Action For Lebanon Inc
- Assets
- $996.2k
- Revenue
- $958.7k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 13-3953466
Organization Overview
Social & Economic Action For Lebanon Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social & Economic Action For Lebanon Inc 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 12/2021, Social & Economic Action For Lebanon Inc generated $958.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL & ECONOMIC ACTION FOR LEBANON, INC. (S.E.A.L.) IS A NON-PROFIT CHARITABLE, EDUCATIONAL, NONPOLITICAL, NONRELIGIOUS ORGANIZATION COMMITTED TO RAISING FUNDS FOR SPECIFIC DEVELOPMENT PROJECTS IN LEBANON TO PREEMPT POTENTIAL SOCIAL CRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
S.E.A.L. IS A NON-PROFIT, NON POLITICAL ORGANIZATION COMMITTED TO EDUCATING THE AMERICAN LEBANESE COMMUNITY ABOUT THE PLIGHT OF FINANCIALLY STRAINED LEBANESE COMMUNITIES. S.E.A.L ALSO RAISES FUNDS FOR SPECIFIC DEVELOPMENT PROJECTS WITHIN THE COMMUNITY IN ORDER TO PREEMPT POTENTIAL SOCIAL CRISIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Bitar President (former) | Officer | 5 | $0 |
Nabil Abou Charaf Secretary | Officer | 5 | $0 |
Rula Tamer President | Officer | 5 | $0 |
Zeyd Tabbara Treasurer | Officer | 5 | $0 |
Dana Barakat Director | Trustee | 5 | $0 |
Habib Kairouz Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $958,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $958,590 |
| Total Program Service Revenue | $0 |
| Investment income | $141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $958,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,225,981 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,482 |
| Compensation of current officers, directors, key employees. | $39,147 |
| Compensation to disqualified persons | $17,711 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,300 |
| Advertising and promotion | $20,394 |
| Office expenses | $1,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,349 |
| All other expenses | $0 |
| Total functional expenses | $3,425,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,617 |
| Total assets | $996,207 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $464,482 |
| Net assets with donor restrictions | $531,725 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $996,207 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Social & Economic Action For Lebanon Inc has recieved totaling $389,270.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $250,500 |
Kuwait-America Foundation Washington, DC PURPOSE: BEIRUT EMERGENCY FUND | $51,051 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,175 |
Bitar Foundation New York, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,915 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |
Buildon Inc Stamford, CT | $19,130,694 | $16,459,828 |
Womens World Banking Inc New York, NY | $45,990,561 | $24,725,214 |
Innovation Africa New York, NY | $6,054,720 | $16,340,258 |
Near East Foundation Syracuse, NY | $16,218,674 | $15,526,282 |
Amref Health Africa Inc New York, NY | $11,305,543 | $22,534,673 |
International Schools Services Inc Princeton, NJ | $22,409,212 | $13,743,105 |
British Schools And Universities Foundation Inc New York, NY | $4,352,409 | $13,471,425 |
Istanbul International Community School Inc Princeton, NJ | $19,037,423 | $13,733,005 |