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Assad Abood Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 136121959 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is Assad Abood Foundation Inc?

The Assad Abood Foundation Inc, located in Cleveland, Ohio, is a nonprofit organization dedicated to supporting the Assad Abood Public School in Aitanet, Lebanon. Their primary mission is to provide financial aid, assistance, and support to this school, aiming to eventually offer tuition-free education to the village of Aitanet and its surrounding communities. The foundation's ultimate goal is to foster a culture of giving back, ensuring the school's work continues to benefit future generations.


Official website here: www.assadaboodfoundation.weebly.com

Is Assad Abood Foundation Inc legitimate?

Assad Abood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assad Abood Foundation Inc 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: $33,865

For more financial information, click here


Official website here: www.assadaboodfoundation.weebly.com

What is the mission statement of Assad Abood Foundation Inc?

The Assad Abood Foundation Inc. is dedicated to providing financial aid, assistance, and support to a public school in Aitaneet, Lebanon. Their mission is to ultimately offer tuition-free education for the village and its surrounding areas. The foundation hopes that those who benefit from their contributions will pay it forward, continuing the foundation's work in perpetuity. The organization aims to support the school financially, helping to ensure access to quality education for the local community.


Official website here: www.assadaboodfoundation.weebly.com

Who is the CEO of Assad Abood Foundation Inc?

Nassib Abboud is the President & Ceo of Assad Abood Foundation Inc. The CEO's salary of Assad Abood Foundation Inc is $0 and their total compensation is $0.


Official website here: www.assadaboodfoundation.weebly.com

What is the revenue of Assad Abood Foundation Inc?

Assad Abood Foundation Inc's revenue in 2023 was $128,366.


Official website here: www.assadaboodfoundation.weebly.com

Who are the executives of Assad Abood Foundation Inc and what are their salaries?

There 14 volunteers at Assad Abood Foundation Inc.


Here are 15 key members and their salaries (Assad Abood Foundation Inc's CEO's salary is $0 and their total compensation is $0):


Nassib Abboud (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Daher (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Abood (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tania Nemer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurice Abood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Abood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maroun Daher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Wayne Daum (Director Until January 2023)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Debs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Madeleine Iskander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aj Maghes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mlynek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Nahra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Najm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Sergo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.assadaboodfoundation.weebly.com

Where can I find the form 990 for Assad Abood Foundation Inc?

Assad Abood Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.assadaboodfoundation.weebly.com

Learn more at the official website: www.assadaboodfoundation.weebly.com

Mission Statement of Assad Abood Foundation Inc

The Assad Abood Foundation Inc, as a dedicated organization, is committed to providing financial support to the Assad Abood Public School in Aitaneet, Lebanon. The mission of this foundation is to offer financial aid, assistance, and support to the aforementioned school with the ultimate goal of making education tuition-free for the village of Aitaneet and its surrounding areas. The foundation believes that those who benefit from its aid will, in turn, contribute to the school's continued success, perpetuating the foundation's work.

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Impact




October, 2024

The Assad Abood Foundation Inc significantly impacts education in Aitaneet, Lebanon, by providing essential financial support to the Assad Abood Public School. This assistance directly contributes to the operation of primary and secondary education in the area, fostering a brighter future for local children.

Through its commitment to ensure tuition-free education, the foundation aims to alleviate financial barriers for families in the village and surrounding regions. This initiative enables students to access quality education that may otherwise be out of reach, promoting academic development and community growth.

Additionally, the foundation encourages a cycle of giving back, inspiring beneficiaries to support the school in return. This creates a sustainable model for education in Aitaneet, which can translate into a lasting legacy for generations to come. By focusing on both immediate financial aid and long-term educational goals, the Assad Abood Foundation Inc plays a vital role in uplifting the community through the power of education.




This information is meant to be a general summary of Assad Abood Foundation Inc. 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.

Revenue
$128,366 (2023)
Expenses
$73,560 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,669
  • Program Service Revenue: $51,972
  • Gross Receipts: $128,366

Assets and Liabilities:

  • Total Assets: $555,634
  • Total Liabilities: $227,212
  • Net Assets: $328,422

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION, REVENUE, SUPP

Revenue

$51,972

Organization Details

Founding Year

1949

Principal Officer

Nassib Abboud

Main Address

PO BOX 241152, CLEVELAND, OH, 44124

NTEE Category

Code: T22Z - Philanthropy

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