Overview
What is Social & Economic Action For Lebanoninc?
Social & Economic Action For Lebanoninc, headquartered in New York City, is a nonprofit organization dedicated to educating the American Lebanese community about the financial struggles faced by Lebanese communities. Committed to charitable and educational purposes, this organization raises funds for specific development projects within Lebanon, aiming to prevent potential social crises. With a small team of one individual, Social & Economic Action For Lebanoninc operates as a nonpolitical and nonreligious entity, focusing on making a positive impact on the lives of those in need in Lebanon.
Official website here: www.seal-usa.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
Social & Economic Action For Lebanoninc has received a solid rating of 84%, which signifies a strong emphasis on accountability and financial transparency. The organization has demonstrated excellent governance with a fully independent board, and it has maintained compliance with important financial reporting standards, including regular audits and proper documentation of meetings.
Strengths of the organization include a high program expense ratio of 96%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. However, the organization has been noted for missing specific governance policies, such as a conflict of interest policy and a whistleblower policy, which may highlight areas for improvement in organizational practices.
While the financial health appears robust, with a low liabilities to assets ratio, the lack of certain policies could hinder overall governance effectiveness. Addressing these gaps in governance could enhance its operational integrity and further solidify trust among stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Social & Economic Action For Lebanoninc legitimate?
Social & Economic Action For Lebanoninc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social & Economic Action For Lebanoninc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,000
For more financial information, click here
Official website here: www.seal-usa.org
What is the mission statement of Social & Economic Action For Lebanoninc?
Social & Economic Action For Lebanoninc, as a non-profit organization, is dedicated to raising funds for specific development projects in Lebanon with the aim of preventing potential social crises. Committed to being educational, non-political, and non-religious, the organization focuses on informing the American Lebanese community about the financial struggles faced by Lebanese communities. In addition, they actively raise funds for projects within the community to help avert potential social issues.
Official website here: www.seal-usa.org
Who is the CEO of Social & Economic Action For Lebanoninc?
Rula Tamer is the President of Social & Economic Action For Lebanoninc.
Official website here: www.seal-usa.org
What is the revenue of Social & Economic Action For Lebanoninc?
Social & Economic Action For Lebanoninc's revenue in 2022 was $1,974,329.
Official website here: www.seal-usa.org
Who are the executives of Social & Economic Action For Lebanoninc and what are their salaries?
The average compensation at Social & Economic Action For Lebanoninc during 2022 was $110,000. There is 1 employee at Social & Economic Action For Lebanoninc.
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Official website here: www.seal-usa.org
Where can I find the form 990 for Social & Economic Action For Lebanoninc?
Social & Economic Action For Lebanoninc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seal-usa.org
Learn more at the official website: www.seal-usa.org
Mission Statement of Social & Economic Action For Lebanoninc
Social & Economic Action For Lebanoninc, or SEAL, is a non-profit organization with a mission to preempt potential social crises in Lebanon. Committed to being charitable, educational, nonpolitical, and nonreligious, SEAL raises funds for specific development projects within the country. The primary aim of this organization is to educate the American Lebanese community about the financial struggles faced by Lebanese communities and to provide support through funding for projects that can mitigate these challenges. By investing in these initiatives, SEAL hopes to prevent social crises and promote sustainable development within Lebanon.
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Impact
October, 2024
Social & Economic Action For Lebanoninc (S.E.A.L.) plays a crucial role in supporting the development of financially strained communities in Lebanon. By focusing on specific development projects, S.E.A.L. aims to address pressing social issues and prevent potential crises before they escalate.
The organization raises awareness within the American Lebanese community about the challenges faced by their counterparts in Lebanon, fostering a sense of solidarity and encouraging action. Through fundraising efforts, S.E.A.L. directs essential resources to projects that improve socioeconomic conditions, enhance education, and promote sustainable development in affected areas.
Ultimately, S.E.A.L.'s commitment to both education and financial support helps empower communities, creating pathways for stability and progress in Lebanon. Its work not only aids in immediate relief but also contributes to long-term resilience against emerging social crises.
This information is meant to be a general summary of Social & Economic Action For Lebanoninc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,074
- Gross Receipts: $2,177,972
Assets and Liabilities:
- Total Assets: $1,311,552
- Total Liabilities: $48,044
- Net Assets: $1,263,508
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Organization Details
Founding Year
1997
Phone
(917) 780-8366Principal Officer
Rula Tamer
Main Address
525 PARK AVENUE 5N, NEW YORK, NY, 10065
Website
www.seal-usa.orgNTEE Category
Code: Q300 - International
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