Nonprofit · EIN 13-6121959
ASSAD ABOOD FOUNDATION INC
Tax-exempt · CLEVELAND, OH 44124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $261,658 | $232,429 | $29,229 | $778,768 | $0 | $778,768 |
| May 31, 2024 | 990 | $238,058 | $190,221 | $47,837 | $708,054 | $0 | $708,054 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $108,878
- Program service revenue
- $110,125
- Investment income
- $42,655
- Net gain from sales of assets
- $29,958
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $118,619
- Salaries, compensation and benefits (total)
- $138,233
- Professional fundraising fees
- $0
- Legal fees
- $6,197
- Accounting fees
- $3,642
- Occupancy
- $6,178
- Travel
- $2,316
- Depreciation
- $4,435
- Program services (functional)
- $219,896
- Management and general (functional)
- $12,533
Balance sheet and other
- Total assets, start of year
- $708,054
- Total assets, end of year
- $778,768
- Total liabilities, end of year
- $0
- Net assets, end of year
- $778,768
- Land, buildings and equipment
- $11,927
- Publicly traded securities
- $713,585
- Net assets without donor restrictions
- $778,768
- Gross receipts
- $261,658
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1949
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NASSIB ABBOUD | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 |
| TONY DAHER MD | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEITH ABOOD | TREASURER Trustee or director, Officer | 5 | $0 |
| TANIA NEMER | SECRETARY Trustee or director | 1 | $0 |
| MAURICE ABOOD | DIRECTOR Trustee or director | 1 | $0 |
| ROGER ABOOD | DIRECTOR Trustee or director | 1 | $0 |
| MADELEINE ISKANDER | DIRECTOR Trustee or director | 1 | $0 |
| AJ MAGHES | DIRECTOR Trustee or director | 1 | $0 |
| LISA MLYNEK MD | DIRECTOR Trustee or director | 1 | $0 |
| CARL NAHRA | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES NAJM | DIRECTOR Trustee or director | 1 | $0 |
| AMY SERGO | DIRECTOR Trustee or director | 1 | $0 |
| BOB RASSIE | DIRECTOR Trustee or director | 1 | $0 |
| FREDDIE HANNA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NASSIB ABBOUD | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 |
| TONY DAHER MD | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEITH ABOOD | TREASURER Trustee or director, Officer | 5 | $0 |
| TANIA NEMER | SECRETARY Trustee or director | 1 | $0 |
| MAURICE ABOOD | DIRECTOR Trustee or director | 1 | $0 |
| ROGER ABOOD | DIRECTOR Trustee or director | 1 | $0 |
| MADELEINE ISKANDER | DIRECTOR Trustee or director | 1 | $0 |
| AJ MAGHES | DIRECTOR Trustee or director | 1 | $0 |
| LISA MLYNEK MD | DIRECTOR Trustee or director | 1 | $0 |
| CARL NAHRA | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES NAJM | DIRECTOR Trustee or director | 1 | $0 |
| AMY SERGO | DIRECTOR Trustee or director | 1 | $0 |
| BOB RASSIE | DIRECTOR Trustee or director | 1 | $0 |
| FREDDIE HANNA | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 241152, CLEVELAND, OH 44124-8752
- In care of
- % DR WAYNE DAUM
- Principal officer (990 for 2024)
- NASSIB ABBOUD, PO BOX 241152, CLEVELAND, OH 44124
- Signed the 990
- NASSIB ABBOUD, PRESIDENT & CEO
- Phone
- (216) 561-9200
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF THE ASSAD ABOOD FOUNDATION INC IS TO GIVE FINANCIAL AID, ASSISTANCE & SUPPORT TO THE ASSAD ABOOD PUBLIC SCHOOL IN AITANEET, LEBANON WITH THE GOAL OF ULTIMATELY PROVIDING TUITION-FREE EDUCATION FOR THE VILLAGE OF AITANEET & SURROUNDING VILLAGES. THE FOUNDATION HOPES THAT THOSE HELPED BY IT WILL GIVE BACK TO THE SCHOOL TO PERPETUATE THE WORK OF THE FOUNDATION.
Program accomplishments
- LEBANON - OPERATION OF PRIMARY & SECONDARY PUBLIC SCHOOLExpenses $219,896 · revenue $110,125
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Check at the IRS |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6121959
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $851,606
- Income (IRS master file)
- $450,543
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $261,658 | $232,429 | $778,768 | XML |
| 990 | May 2024 | $238,058 | $190,221 | $708,054 | XML |
| 990 | May 2023 | $128,366 | $73,560 | $555,634 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6121959).
Questions about ASSAD ABOOD FOUNDATION INC
- What is the EIN of ASSAD ABOOD FOUNDATION INC?
- The employer identification number (EIN) of ASSAD ABOOD FOUNDATION INC is 13-6121959.
- Is ASSAD ABOOD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to ASSAD ABOOD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSAD ABOOD FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSAD ABOOD FOUNDATION INC due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSAD ABOOD FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of ASSAD ABOOD FOUNDATION INC?
- The 990 for the year ended May 31, 2025 names NASSIB ABBOUD.
- Who are the officers and directors of ASSAD ABOOD FOUNDATION INC?
- The 990 for the year ended May 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does ASSAD ABOOD FOUNDATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $261,658, expenses of $232,429 and total assets of $778,768 at year end.
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