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Nonprofit · EIN 85-1966626

LEBAWI FOUNDATION INC

Tax-exempt · NEW YORK, NY 10177

Financials

$52K$206K2023$82K$7K2024
Revenue Expenses · by fiscal year end
Financials of LEBAWI FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$82,405$7,461$74,944$1,874,549$0$1,874,549
December 31, 2023990$52,464$206,031-$153,567$1,799,605$0$1,799,605
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$82,405
Other revenue
$0

Expenses

Grants and similar amounts paid
$7,152
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$7,152
Management and general (functional)
$309

Balance sheet and other

Total assets, start of year
$1,799,605
Total assets, end of year
$1,874,549
Total liabilities, end of year
$0
Net assets, end of year
$1,874,549
Net assets without donor restrictions
$1,874,549
Gross receipts
$82,405
Employees
0
Volunteers
4
Year formed
2020
State of legal domicile
DE

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KALKIDAN MEKONNENPRESIDENT
Trustee or director, Officer
2.5$0
KASSAHUN KEBEDETREASURER
Trustee or director, Officer
2.5$0
NOAH SAMARADIRECTOR
Trustee or director
2.5$0
HADDIS TADESSEDIRECTOR
Trustee or director
2.5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KALKIDAN MEKONNENPRESIDENT
Trustee or director, Officer
2.5$0
KASSAHUN KEBEDETREASURER
Trustee or director, Officer
2.5$0
NOAH SAMARADIRECTOR
Trustee or director
2.5$0
HADDIS TADESSEDIRECTOR
Trustee or director
2.5$0

Address and contacts

Address (IRS master file)
250 PARK AVE 7005, NEW YORK, NY 10177-0001
Principal officer (990 for 2024)
KALKIDAN MEKONNEN, 250 PARK AVE 7005, NEW YORK, NY 10177
Signed the 990
KALKIDAN MEKONNEN, PRESIDENT
Phone
(212) 582-3236
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

OUR MISSION IS TO OFFER YOUNG AND CAPABLE STUDENTS WHO OTHERWISE WOULD NOT HAVE A CHANCE TO OBTAIN A HIGH-QUALITY EDUCATION AND SKILLS. OUR ORGANIZATION INTENDS TO OFFER DESERVING STUDENTS TO ATTEND THE LEBAWI INTERNATIONAL ACADEMY LOCATED IN ADDIS ABABA, ETHIOPIA.

990 for the year ended December 31, 2024

Program accomplishments

  • THE LEBAWI FOUNDATION INC. PROVIDED $7,152 IN SUPPORT TO THE LEBAWI INTERNATIONAL ACADEMY. THE ACADEMY WHICH IS A PRIVATE SCHOOL USED THESE FUNDS TO PURCHASE EQUIPMENTS AND PROVIDE AN ONLINE EDUCATIONAL SUBSCRIPTION TO UNDERPRIVILEGED STUDENTS IN ADDIS ABABA, ETHIOPIA. LEBAWI INTERNATIONAL ACADEMY WORKS CLOSELY WITH PUBLIC SCHOOLS IN ETHIOPIA TO RECRUIT THE STUDENTS WHO NEED IT MOST.
    Expenses $7,152 · grants $7,152

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-1966626
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,874,549
Income (IRS master file)
$82,405

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$82,405$7,461$1,874,549XML
990December 2023$52,464$206,031$1,799,605XML
990December 2022$0$5,319$1,950,529IRS
990December 2021–––IRS
990December 2020–––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 85-1966626).

Questions about LEBAWI FOUNDATION INC

What is the EIN of LEBAWI FOUNDATION INC?
The employer identification number (EIN) of LEBAWI FOUNDATION INC is 85-1966626.
Is LEBAWI FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to LEBAWI FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEBAWI 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 LEBAWI FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEBAWI FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LEBAWI FOUNDATION INC?
The 990 for the year ended December 31, 2024 names KALKIDAN MEKONNEN.
Who are the officers and directors of LEBAWI FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does LEBAWI FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $82,405, expenses of $7,461 and total assets of $1,874,549 at year end.

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