United Saghbeen Society
- Assets
- $687.9k
- Revenue
- $29.1k
- Investments
- $638.5k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 08/1953
- Data as of
- 12/2023
- EIN
- 34-6530123
Organization Overview
United Saghbeen Society is located in Akron, OH. The organization was established in 1953. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Saghbeen Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, United Saghbeen Society generated $29.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $52.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AND MAINTAIN A SCHOOL IN SAGHBEEN, LEBANON: USS OWNS THE SCHOOL HOUSE IN SAGHBEEN, LEBANON WHERE THE SCHOOL PROGRAMMING IS PROVIDED, AND AS SUCH TAKES FULL RESPONSIBILITY FOR THE SCHOOL BUILDING MAINTENANCE AND THE SCHOOL ACCREDITATION. USS MAINTAINS VOLUNTEERS IN SAGHBEEN, LEBANON WHICH ALONG WITH THE FACULTY AND ADMINISTRATIVE STAFF OF THE SCHOOL REPORT BACK TO THE USS BOARD ON THE NEEDS AND CONDITION OF THE SCHOOL. THE USS BOARD IS IN COMMUNICATION WITH THE SCHOOL ON A REGULAR BASIS. USS PROVIDES FINANCIAL ASSISTANCE FOR THE OPERATION AND MAINTENANCE OF THE SCHOOL INCLUDING BUT NOT LIMITED TO: FUNDS FOR BOOKS, FACULTY, ADMINISTRATIVE STAFF, MEDICAL SUPPLIES, EQUIPMENT AND CARE, CAFETERIA SUPPLIES AND MAINTENANCE, EXTRA-CURRICULAR ACTIVITIES, UTILITIES AND REAL AND PERSONAL PROPERTY MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Salem President | 1 | $0 | |
George Maroun Vice President | 1 | $0 | |
Dan Silfani Secretary | 1 | $0 | |
Fares Jasser Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,637 |
| Interest on Savings | $3 |
| Dividends & Interest | $11,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,202 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,250 |
| Total Revenue | $29,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,211 |
| Depreciation | $2,425 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,710 |
| Total operating and administrative expenses | $21,603 |
| Contributions, gifts, grants paid | $30,900 |
| Total expenses and disbursements | $52,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,161 |
| Savings and temporary cash investments | $4,900 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $43,336 |
| Other assets | $0 |
| Total assets | $687,874 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |