Nonprofit · EIN 88-3191952
ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION
Tax-exempt · WARRENSVL HTS, OH 44128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $108,063 | $182,327 | -$74,264 | $37,082 | – | $37,082 |
| December 31, 2023 | 990 | $206,056 | $94,710 | $111,346 | $111,346 | $0 | $111,346 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $108,063
Expenses
- Grants and similar amounts paid
- $166,275
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $13,146
- Other expenses
- $2,906
- Program services (functional)
- $163,350
Balance sheet and other
- Total assets, start of year
- $111,346
- Total assets, end of year
- $37,082
- Total liabilities, end of year
- –
- Net assets, end of year
- $37,082
- Cash, savings and investments
- $37,082
- Gross receipts
- $108,063
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anthony Asher | Chairman of the Board of Directors | 8 | $0 |
| Jad Daye | Trustee | 2 | $0 |
| George E Kikano | Trustee | 2 | $0 |
| Robert Kourieh | Trustee | 3 | $0 |
| Rami Chalhoub | Trustee | 2 | $0 |
| George Repchick | Trustee | 2 | $0 |
| James Kassouf | Trustee | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anthony J Asher | Chairman of the Board of Directors Trustee or director, Officer | 5 | $0 |
| Jad Daye | Trustee Trustee or director | 2 | $0 |
| George E Kikano | Trustee Trustee or director | 2 | $0 |
| Bob Kourieh | Trustee Trustee or director | 2 | $0 |
| Rami Chalhoub | Trustee Trustee or director | 2 | $0 |
| George Repchick | Trustee Trustee or director | 2 | $0 |
| James Kassouf | Trustee Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4760 RICHMOND RD STE 200, WARRENSVL HTS, OH 44128-5979
- In care of
- % ANTHONY J ASHER
- Signed the 990-EZ
- Anthony J Asher, Chairman of the Board of Directors
- Website
- asherfdn.org
Mission
To ensure that Lebanese youth receive the education support and mentoring to become the leading entrepreneurs of their generation by providing funding for their wellbeing during their youth and educational scholarships as well as supporting entrepreneurial centers so that they receiving the guidance to develop their business ideas.
Program accomplishments
- The Asher Center for Innovation and Entrepreneurship at the Holy Spirit University of Kaslik advanced innovation and entrepreneurship through multiple initiatives including hosting workshop and coaching to assist students in developing their ideas into business plans for startups. The PowerUp program supported 18 tech-oriented startups with a six-month incubation delivering 216 hours of coaching 40+ technical assistance sessions $36,000 in grants and access to 600+ digital perks. Startups refined prototypes into market-ready products and prepared for acceleration and investment opportunities.Expenses $98,350 · grants $98,350
- Funds granted to SOS Childrens Villages Lebanon were used to support the emergency relocation of children and staff from the Bekaa region to Batroun-Kfarhay following the escalation of conflict in Lebanon. The site previously closed due to lack of funding required extensive cleaning repairs and re-equipping to provide a safe and nurturing environment. Our contribution helped restore the village ensuring childrens safety and access to education psychological support and recreational spaces. This effort provided stability and care for vulnerable children promoting their well-being and long-term development.Expenses $65,000 · grants $65,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-3191952
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $37,082
- Income (IRS master file)
- $108,063
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $108,063 | $182,327 | $37,082 | XML |
| 990 | December 2023 | $206,056 | $94,710 | $111,346 | XML |
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 88-3191952).
Questions about ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION
- What is the EIN of ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION?
- The employer identification number (EIN) of ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION is 88-3191952.
- Is ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION 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 ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION 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 ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ASHER CENTER FOR INNOVATION AND ENTREPRENEURSHIP FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $108,063, expenses of $182,327 and total assets of $37,082 at year end.
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