Ghassan & Manal Saab Foundation
- Assets
- $1.2m
- Revenue
- $79.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Flint, MI
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 38-3416517
Organization Overview
Ghassan & Manal Saab Foundation is located in Flint, MI. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ghassan & Manal Saab Foundation 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, Ghassan & Manal Saab Foundation generated $79.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $265.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ghassan & Manal Saab Foundation has awarded 206 individual grants totaling $2,523,262. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ghassan M Saab Director | 1 | $0 | |
Khalil Saab Director | 2 | $0 | |
Nadim Saab Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $4,261 |
| Dividends & Interest | $55,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,093 |
| Capital Gain Net Income | $15,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $186 |
| Taxes | $827 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,279 |
| Printing and publications | $0 |
| Other expenses | $852 |
| Total operating and administrative expenses | $27,208 |
| Contributions, gifts, grants paid | $238,360 |
| Total expenses and disbursements | $265,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,482 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,216,061 |
| 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 |
Grants Awarded
Over the last fiscal year, Ghassan & Manal Saab Foundation has awarded $238,360 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
TAKREEM USA PURPOSE: GENERAL FUNDS | $25,000 |
AMERICAN DRUZE FOUNDATION PURPOSE: GENERAL FUNDS | $10,000 |
AMERICAN DRUZE SOCIETY PURPOSE: GENERAL FUNDS | $15,000 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: SCHOLARSHIP FUND | $30,500 |
ARAB AMERICAN HERITAGE COUNCIL PURPOSE: GENERAL FUNDS | $2,500 |
AMERICAN TASK FORCE FOR LEBANON PURPOSE: GENERAL FUNDS | $10,000 |