Lebnet
- Assets
- $170.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-3472825
Organization Overview
Lebnet is located in San Mateo, CA. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lebnet 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, Lebnet generated $163.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $111.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE AND MENTOR LEBANESE AND LEBANESE-AMERICAN PROFESSIONALS AND STUDENTS IN THE FIELD OF HIGH-TECH.
Describe the Organization's Program Activity:
Part 3
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.)
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).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Akiki President/board Member | 2 | $0 | |
Habib Haddad Chairman/board Member | 2 | $0 | |
Jeanine Akiki Exec Dir/board Member | 40 | $60,000 | |
Fares Mubarak Treasurer | 2 | $0 | |
Najib Khoury-Haddad Secretary | 2 | $0 | |
Nadine Alameh Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,605 |
| Total Program Service Revenue | $5,130 |
| Membership dues | $21,225 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,960 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,547 |
| Professional fees and other payments to independent contractors | $9,474 |
| Occupancy, rent, utilities, and maintenance | $837 |
| Printing, publications, postage, and shipping | $180 |
| Other expenses | $7,875 |
| Total expenses | $111,413 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,579 |
| Other assets | $0 |
| Total assets | $170,579 |
| Total liabilities | $0 |
| Net assets or fund balances | $170,579 |